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Gregory-Portland ISD board authorizes sale of Unlimited Tax School Building Bonds, Series 2025
Summary
The Gregory-Portland ISD Board of Trustees voted 6–0 to adopt an order authorizing issuance of 'Gregory-Portland Independent School District Unlimited Tax School Building Bonds, Series 2025' by delegated sale and to delegate execution authority to board members and staff.
The Gregory-Portland ISD Board of Trustees voted 6–0 on July 21 to adopt an order authorizing the issuance of "Gregory-Portland Independent School District Unlimited Tax School Building Bonds, Series 2025," proceeding via a delegated sale and delegating authority to certain board members and district staff to execute closing documents.
Board President Tim Flinn called the motion after it was presented; Nicole Nolen made the motion and Carrie Gregory seconded. The board minutes record the recommendation as: "It was recommended that the Board adopt an order authorizing the issuance of 'Gregory-Portland Independent School District Unlimited Tax School Building Bonds, Series 2025' Pursuant to a Delegated Sale." The vote carried 6–0.
The action gives district officials authority to complete the bond sale under delegated parameters established in the order. The minutes do not list the bond principal amount, interest rate, or anticipated use-by-project line items; those details are not specified in the posted minutes and will be determined during delegated-sale proceedings and document execution.
The vote followed a broader consent and regular-business agenda covering BOND 2025 project contracts and other fiscal items. The board reconvened after a closed session that began at 6:01 p.m. and entered open session at 6:31 p.m.
