FINANCIAL_SERVICESAWARDED

stillwater_public_schools_bond_2023_review.pdf

PCEDA Sells $79M Lease Revenue Bond for SPS

$79,000,000Stillwater Public SchoolsPAYNE COUNTY ECONOMIC DEVELOPMENT AUTHORITYNovember 18, 2024

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Description

Payne County Economic Development Authority executed a $79 million Lease Revenue Bond sale for Stillwater Public Schools’ high school construction project, delivering budgetary savings and crucial project funding.

Contract Details

Contract Amount

$79,000,000

Vendor

PAYNE COUNTY ECONOMIC DEVELOPMENT AUTHORITY

Agency

Stillwater Public Schools, OK

Contract Type

FINANCIAL_SERVICES

Document Date

November 18, 2024

Contract Term

June 6, 2024 – Payoff of Lease Revenue Bonds (term not fully specified)

Renewal Info

No renewal information; bond payoff required as scheduled, linked to planned 2027-2031 cash flow.

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