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Board approves two-year extension of Kleberg Bank depository contract
Summary
Riviera ISD trustees approved a two-year extension of the district's depository contract with Kleberg Bank without rebidding, citing satisfactory service and competitive rates; vote was unanimous (6–0, one absent).
Ms. Moreno recommended the board extend the district's depository contract with Kleberg Bank for an additional two-year term, saying the district has been satisfied with the bank's services and interest rates and that the contract was not rebid. Trustees voted to extend the contract by resolution.
"The rates remain competitive and comparable to those being received by other school districts," Ms. Moreno said as she presented the recommendation. Becky Gutierrez moved to approve the extension through resolution, and Michael Valenzuela seconded; the motion passed 6–0 (Teresa May absent).
