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Uvalde CISD approves Schneider Electric upgrades and $4.07 million maintenance tax note financing
Summary
The board approved contracting with Schneider Electric for LED lighting and HVAC control upgrades recommended in an investment-grade audit, and authorized issuance of approximately $4.065 million in maintenance tax notes to finance the project; trustees discussed school exclusions and scope changes.
The Uvalde Consolidated Independent School District Board of Trustees approved contracts and a financing plan Wednesday to implement energy-efficiency upgrades recommended in an investment-grade audit by Schneider Electric and to finance those upgrades with maintenance tax notes totaling approximately $4,065,000.
The district previously approved the investment-grade audit; at this meeting trustees approved the contract to implement recommended upgrades and separately approved a resolution authorizing issuance of maintenance tax notes (Series 2025) to fund the work. David Gonzales of PFM Financial Advisors summarized financing terms during the meeting: "We're looking at a principal amount of 4,065,000. We're…
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