BOK Financials Advises MISD on Bond Prepayment
Midlothian Independent School DistrictSchool · Midlothian, TX- Disclosed value
- Projected surplus of $5,103,437; prepayment of $5,000,000 of Series 2017-B bonds
- From budget
- Document date
- Jun 21, 2021
The 30-second brief
BOK Financials advised Midlothian ISD that, based on the draft 2021-2022 budget, the district could apply a projected $5.1 million surplus to prepay $5 million of Series 2017-B bonds on February 1, 2022, reducing future interest costs by approximately $5.62 million. The recommendation supports maintaining the existing $0.49 interest and sinking tax rate.
Bok Financials holds this financial services contract with Midlothian Independent School District. Its other public contracts on record include work for Town of Troy and David City Public Schools.
Term as filed: Prepayment event targeted for February 1, 2022.
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Contract details
- Contract type
- Financial Services
- Amount
- Projected surplus of $5,103,437; prepayment of $5,000,000 of Series 2017-B bonds
- Document date
- June 21, 2021
- Term
- Prepayment event targeted for February 1, 2022
- Vendor
- Bok Financials
- Source document
- midlothian_isd_public_hearing_on_2021_2022_budget.pdf (Budget)
Bok Financials's other public contracts
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Questions about this contract
Who was awarded the financial services contract by Midlothian Independent School District?
Bok Financials was awarded this financial services contract by Midlothian Independent School District, as recorded on June 21, 2021. The contract value is Projected surplus of $5,103,437; prepayment of $5,000,000 of Series 2017-B bonds.
How much is the Bok Financials contract with Midlothian Independent School District worth?
The Bok Financials contract with Midlothian Independent School District is valued at Projected surplus of $5,103,437; prepayment of $5,000,000 of Series 2017-B bonds, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a budget record.
Where was this contract approved?
This contract appears in midlothian_isd_public_hearing_on_2021_2022_budget.pdf (Budget), dated June 21, 2021 from Midlothian Independent School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Bok Financials hold?
Bok Financials may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Midlothian Independent School District currently buying?
Explore Midlothian Independent School District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.