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Board approves lease-purchase with Huntington Bank to finance stadium scoreboard
Summary
The board approved a lease-purchase agreement with Huntington National Bank to finance a new stadium scoreboard; Business Manager Mindee Mata said five sponsors have pledged $10,000 each for five years and the athletic director is seeking additional sponsorships.
The West Rusk County CCISD Board of Trustees voted to approve a governmental lease-purchase agreement with Huntington National Bank to finance a new stadium scoreboard.
Chris Pratt made the motion to approve the lease-purchase; Jeff Mason seconded. Board President Sandra Smith announced the motion passed unanimously. Trustees emphasized that the scoreboard itself had previously received approval and that this vote covered the financing mechanism.
Business Manager Mindee Mata told the board that five sponsors had pledged $10,000 each for five years toward the scoreboard and that Athletic Director Rafe Mata was still seeking additional sponsors to help offset costs.
