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Board approves mineral lease and agricultural-barn RFP; motions passed after closed session
Summary
Trustees approved leases for district-owned minerals (San Jacinto, Bonham and other sites) and authorized an RFP for an agricultural barn; the board voted after a closed session and administrators said royalties and bonus payments will flow to the district per the lease terms.
The board approved a mineral lease and related RFP items following an executive session on Aug. 26.
Administration told trustees the district issued a solicitation and received one qualified offer from Midland Petro for mineral development beneath several district properties, including the San Jacinto site. The recommended lease includes…
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