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San Angelo ISD board approves bond order, sets parameters to begin $397 million project slate
Summary
The San Angelo ISD board adopted an order authorizing the issuance of up to $397 million in unlimited tax school building bonds and approved a project list, delivery methods and the selection of Park Hill Architects to begin design and procurement work ahead of a planned sale this summer.
The San Angelo Independent School District Board of Trustees voted to adopt an order authorizing the issuance and sale of up to $397,000,000 in unlimited tax school building bonds and approved the district's preliminary project list and recommended construction delivery methods.
The board approved parameters that set a maximum true interest cost of 5.75% and a final maturity no later than February 2055, and delegated final pricing authority to district officers so staff can pursue negotiated pricing in mid‑July. Administration and its financial advisor told trustees the district aims to sell bonds before Sept. 1 to capture a state “hold‑harmless” provision tied to the homestead exemption change; officials estimated that timing could yield roughly $80 million in savings…
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