Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance topic
No spam. Unsubscribe anytime.
Navarro ISD board approves bond order authorizing up to $65 million in school building bonds
Summary
The Board approved an order authorizing issuance of one or more series of unlimited tax school building bonds in a maximum amount of $65,000,000, levying an ad valorem tax for payment, and delegating related document approval to district staff; vote was 5-0.
The Navarro ISD Board voted to adopt a bond order authorizing the issuance of up to $65,000,000 in unlimited tax school building bonds.
Trustee Dan Reinhard moved that the board approve the district's bond order as presented; Trustee Joel Frederick seconded and the motion passed 5-0. The order authorizes issuance of one or more series of bonds, levies an ad valorem tax to pay them, and delegates authority to district staff to approve and execute related documents.
Minutes record the motion and unanimous vote but do not specify final bond sale timing, interest assumptions, or the use-by-project allocation; those details remain to be set by staff and advisors as bond issuance is scheduled.
