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Lake Travis ISD authorizes parameters bond order up to $108.1 million for athletic projects
Summary
Trustees approved a parameters order authorizing up to $108,093,994 in unlimited tax school building bonds to fund athletic renovations and new athletic facilities; the motion passed unanimously and was supported by the district's financial advisor.
The Lake Travis ISD Board on May 20 approved a parameters bond order authorizing the issuance of unlimited tax school building bonds in an amount not to exceed $108,093,994. Trustee Erin Archer moved the measure and Trustee Tiffany M. Bennett seconded; the motion passed 7–0.
Bond proceeds are planned to fund renovations and upgrades to athletic facilities at Hudson Bend Middle School, Lake Travis Middle School, Bee Cave Middle School, and Lake Travis High School, and to support new athletic facilities at Highland Lakes High School. The district’s financial advisor, Dusty Traylor of RBC Capital Markets, provided a market update and discussed the proposed debt structure and debt management plan during the presentation.
