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Board approves amended FY25 appropriations, IGA with District 70 and yield‑restriction payment
Summary
At its Feb. 11 special meeting the Pueblo School District 60 board voted to adopt a revised FY2024–25 appropriations resolution, approve an intergovernmental agreement with Pueblo County School District 70 on CURA representation, and authorize a yield‑restriction liability payment for General Obligation Bond Series 2020.
The Pueblo School District 60 Board of Education approved three formal actions during its Feb. 11 special meeting.
1) Fiscal year 2024–25 appropriations resolution (revised, amended) Motion: Adopt the revised/amended appropriations resolution for FY2024–25 (text in board packet). Mover/Second: Motion and second recorded on the audio but not attributed by name in the transcript; the board voted to adopt. Vote: Mr. Cisneros — Aye; Dr. De Niro — Aye; Judge Mays — Aye; Mrs. Penencio — Aye; Mr. Thibault (listed also as Mr. Tebow in the record) — Aye. Outcome: Approved. Notes: Board members discussed timing and statutory exceptions for post‑January budget revisions; administration said the amendment restores accuracy to the previously posted budget.
2) Intergovernmental agreement (IGA) between Pueblo School District 60 and Pueblo County School District 70 regarding CURA representation Motion: Approve the IGA establishing cooperative representation on the CURA (Urban Renewal Authority) board, with years alternating voting representation and consultation requirements between the districts. Mover/Second: Motion and second recorded but not attributed by name in the audio; board counsel reviewed terms during discussion. Vote: Mr. Cisneros — Aye; Dr. De Niro — Aye; Judge Mays — Aye; Mrs. Penencio — Aye; Mr. Thibault — No. Outcome: Approved (majority vote). Notes: Director Thibault stated he would not support the IGA because it assigns a single voting seat between districts; district counsel and administration said the IGA includes communication and consultation provisions and alternates voting authority between districts.
3) Yield‑restriction liability payment for Pueblo School District 60 general obligation bond series 2020 Motion: Authorize payment required to satisfy yield‑restriction/arbitrage liabilities tied to the District’s GO Bond Series 2020. Mover/Second: Motion moved and seconded; Ms. Niehans provided an explanation of arbitrage rules and why the payment is necessary. Vote: Mr. Cisneros — Aye; Dr. De Niro — Aye; Judge Mays — Aye; Mrs. Penencio — Aye; Mr. Tebow/Thibault — Aye. Outcome: Approved.
Procedural votes: The board also voted earlier in the meeting to add the three items above to the published agenda; each addition was approved by voice vote before the full agenda was adopted.
