Sallisaw School Board approves $990,000 General Obligation Building Bonds

In a special meeting held at 8 a.m. on Jan. 25, the Sallisaw Public School Board of Education convened to discuss crucial matters regarding the future development of the school district.

President Amanda Trudeau-Hatcher presided over the meeting, with members Bobby Qualls, Frank Sullivan, and Tami Martin in attendance. Notably, Superintendent Steve Barrett, Assistant Superintendent Brad Jackson, and Treasurer Steve Merrill were also present.

The primary focus of the meeting was the adoption of written policies and procedures for post-issuance compliance, but no action was taken on this matter. The board also deliberated on continuing disclosure obligations, reaching a decision to take no immediate action.

A significant motion was put forth by Sullivan, proposing to receive bids for the issuance of $990,000 General Obligation Building Bonds for the school district. The lowest bidder was determined to be the National Bank of Sallisaw, advised by the First National Bank of Fort Smith in association with BOK Financial Securities, Inc. The motion was seconded by Qualls, and the vote in favor was unanimous.

Following, Sullivan made another motion to approve the resolution for the issuance of General Obligation Building Bonds amounting to $990,000. The bonds were authorized through a previously held election, with the resolution specifying the form of bonds, registration procedures, and provisions for an annual tax to cover principal and interest payments.

Qualls seconded the motion, and the board unanimously approved the resolution with the meeting ending at 8:05 a.m.

This news story is based on the unofficial minutes from the board meeting and could be in error if the minutes are changed prior to adoption.