The Durant Board of Education approved a bid for the issuance of general obligation bonds during a special meeting last week.
This is part of a $4 million bond proposition for the Durant School District that was approved by voters during an election Sept. 9.
The bid went to First United Bank who had the lowest bid at $119,615.30. The other bidders were: Vision Bank, $119,924.20, Shamrock Bank, $124,303.84 and The Exchange Bank in Skiatook, $142,807.50.
Board members also approved a resolution that provides for the issuance of these bonds/ The bonds will fund the following: - To acquire and/or install technology equipment, instructional software and textbooks districtwide from the proceeds of bonds maturing within five years from their date $1,975,000.00.
- To repair and/or replace roofs and HVAC equipment districtwide, as needed $1,700,000.00.
- To acquire band/orchestra equipment district-wide, as needed $300,000.00.
- To acquire choir/fine arts equipment district-wide, as needed $25,000.00.