1. MINUTES OF THE SPECIAL MEETING OF JANUARY 10, 1994
M-1
THE BOARD OF EDUCATION OF
INDEPENDENT SCHOOL DISTRICT NUMBER 89 OF
OKLAHOMA COUNTY, OKLAHOMA, MET IN SPECIAL SESSION IN THE BOARD ROOM
(AUDITORIUM), ADMINISTRATION BUILDING, 900 NORTH KLEIN, MONDAY, JANUARY 10, 1994, AT 6:00 P.M. PRESENT:
Thelma R. Parks, District 5 Leo Hise, District 6 Ron Bogle, District 1 Frank Kellert, District 2 Terri Silver, District 3 Wayne Dempsey, District 4 Orel Peak, District 7
ABSENT:
None
President Vice President Member Member Member Member Member
OTHERS PRESENT: Dr. Betty G. Mason, Superintendent; Darrel Shepard, Executive Director of Board Related Services/Board Clerk; Cleeta John Rogers, General Counsel; John McCormick, Deputy General Counsel; Tammy Carter, Associate Counsel, Central Office staff members; representatives from professional groups; the news media; and other interested persons. CALL
T O
ORDER
Mrs. Thelma R. Parks called the meeting to order. invocation and led the Pledge of Allegiance.
ROLL
Mr. Leo Hlse gave the
CALL
Roll Call established that all present.
SPECIAL
seven
(7)
members of the Board were
ROLL CALL
BUSINESS, SALE OF THE COMBINED PURPOSE BONDS OF 1994 $89,880,000.00
1.
CALL TO ORDER
Receive, open, and consider bids for sale of the Combined Purpose Bonds of 1994 in the amount of $89,880,000.00.
Mr. Darrel Shepard, Executive Director of Board Related Services/Board Clerk, opened and read the two bids that had been received.
FIRST BID: Merrill Lynch and Company; Co-Managers, Southwest Securities, Liberty Bank & Trust Company, and A. G. Edwards & Sons; Gross Interest Cost: $37,065,870.00; Total Premium: $0 Net Interest Cost: $37,065,870.00 Average Rate of Interest: 4.8516%
SECOND BID:
Lehman Brothers; Co-Managers, Goldman Sachs, Freres, Cowen & Company, Mesirow Securities, Anthony, J. P. Morgan Gross Interest Cost: $36,638,940.00 Total Premium: $0 Net Interest Cost: $36,638,940.00 Average Rate of Interest: 4.79579%
First Chicago, Raymond James,
hazard Tucker
SALE OF THE COMBINED PURPOf BONDS OF 1994