A Kansas bank was the low bidder in Kingfisher Public Schools’ most recent sale of general obligation bonds.

Country Club Bank of Prairie Village, Kan., was awarded the bonds Thursday at special meeting of the board of education.

The winning bid was the lowest of three submitted before the due date of June 22 on the issuance of $3.35 million in building bonds.

Country Club Bank submitted an average rate of 5.769128 percent with a net interest cost of $486,337.50.

Other bids were submitted by Legacy Bank of Hinton at 6.4 percent at a cost of $539,520 and The Exchange Bank of Skiatook at 6.403915 percent with a cost of $539,850.

The bonds resulted from a 10-year, $16.75 million bond issue passed by Kingfisher voters in 2019 to build a new junior high.

The junior high was completed in the latter part of the 2021-22 school year.

The bond issue is to be paid out over the 10 years with five equal payments of $3.35 million due every other year.

Dana Golbek made the motion to award the low bid and Carly Franks seconded it.

Charles Walker and Brad Wittrock made it a unanimous vote. Terry Payne was absent from the meeting.

The board will gather again Monday for its final regular meeting of the 202223 fiscal year.

Results of that meeting will be in Wednesday’s edition.

No regular board meetings will be held in July.