United ISD board approves $15.8 million maintenance tax notes; Webster Bank selected at 4.43%

United Independent School District trustees on Jan. 22 approved a resolution authorizing the issuance of maintenance tax notes, series 2025, to finance district maintenance and improvement projects.

District financial advisor Robert Tejeria and co-bond counsel Dan Martinez presented the financing plan and sale results. The board authorized maintenance tax financings estimated at $15,825,000 to cover maintenance improvement projects, campus technology upgrades and athletics needs. Tejeria reported the district received multiple bank bids and selected Webster Bank with a fixed interest rate of 4.43% over a 15-year term.

The financing package outlined approximately $10.5 million for maintenance improvements, roughly $5.0 million for campus technology, about $140,000 for athletics, and estimated issuance costs near $90,000, summing to the maintenance tax financing estimate of $15,825,000. Tejeria said the district expects to receive funds on Feb. 20, 2025, if the board approved the resolution. Board members asked questions about market rates and debt-service timing; Tejeria noted the range of bank bids and market conditions.

Trustees moved and seconded the resolution; the motion passed in open session. No individual roll-call by name was recorded in the transcript during open discussion; the board president declared the motion carried.

Ending: The district’s finance team will complete closing steps and report back to the board; projects funded by the notes were presented in December and will proceed following usual procurement and project controls.