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WEST ORANGE-COVE CISD board approves order to issue Unlimited Tax School Building Bonds, Series 2025
Summary
The WEST ORANGE-COVE CISD Board of Trustees voted 7-0 on Nov. 18 to approve an order authorizing issuance of Unlimited Tax School Building Bonds, Series 2025 and empowered district leaders to finalize terms and interest parameters.
At its Nov. 18, 2024 meeting, the WEST ORANGE-COVE CISD Board of Trustees approved an order authorizing the issuance of Unlimited Tax School Building Bonds, Series 2025. The motion, made by LaTricia Stroud and seconded by Demetrius Hunter, passed with a recorded tally of 7 in favor, 0 opposed and 0 abstentions. The action authorizes the superintendent and the chief financial officer to approve the final amount, interest rate, price and other terms of the bonds.
District officials did not disclose the final principal amount or interest rate during the public meeting. Board discussion preceding the vote had included a presentation from finance staff and the appearance of David Holland of US Capital Advisors during the finance portion of the agenda. The board’s action establishes the legal parameters for staff to complete the bond sale and incorporate projects discussed elsewhere in the agenda — including school safety improvements — into the bond budget.
