Purcell’s Board of Education received six bids for the sale of bonds for the new junior high gymnasium and FEMA safe room.
The low bid was by First United Bank and Trust Company, home …
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Purcell’s Board of Education received six bids for the sale of bonds for the new junior high gymnasium and FEMA safe room.
The low bid was by First United Bank and Trust Company, home based in Durant and in association with Country Club Bank of Prairie Village, KS.
First United’s bid of 4.7435 percent interest was lower than the other five bids from D. A. Davidson & Co. of Denver, CO. (4.9645 percent), UMB Bank, N.A. Kansas City, Mo., The Baker Group of Oklahoma City (4.9805 percent), First Bankers’ Banc Securities, Inc., of St. Louis, MO (4.9 percent) and Legacy Bank of Hinton (5.1 percent).
The sealed bids were due by June 13 at 12:30 p.m.
The board met in a special meeting that day at 1 p.m. to sell the bonds for the $2,335,000 project due to be completed by July 2026.
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