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School board awards bond bids, authorizes issuance and approves several routine purchases
Summary
The Independent School District No. 69 board approved awards for three bond series and authorized issuance resolutions for the 2025 bond program, elected a representative to an investment cooperative, and approved a Chromebook lease and multiple routine consent items in a unanimous series of votes.
The Independent School District No. 69 Board of Education voted unanimously Thursday to accept low bids for three bond series, authorize the formal issuance of the bond resolutions required by federal regulations, elect a representative to a regional school-investment cooperative and approve a lease purchase of 1,000 Chromebooks.
Board members approved awards to Huntington Securities Inc. and Northland Securities Inc. after staff presented bid tabulations for the district's 2025 bond sales and explained the net interest cost to taxpayers.
The actions matter because the awards fix who will underwrite the district's debt and the issuance resolutions set the legal form, authorize an annual tax levy for repayment and deem the preliminary official statement final for municipal market rules.
Board action and key details
- Award: $19,300,000 general obligation building bonds, Series 2025A — awarded to Huntington…
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