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Splendora ISD board approves order to issue Unlimited Tax School Building Bonds, Series 2025
Summary
The Splendora ISD Board of Trustees voted 5–0 to authorize the issuance and sale of Unlimited Tax School Building Bonds, Series 2025, and appointed a pricing officer to approve final terms and levy a tax for payment, following agenda presentations on bond matters.
The Splendora Independent School District Board of Trustees voted unanimously March 17 to approve an order authorizing the issuance, sale and delivery of Unlimited Tax School Building Bonds, Series 2025. The motion, made by Kimberly Klepcyk and seconded by Barry Welch, passed with a recorded tally of 5–0.
The approved order authorizes a pricing officer to finalize bond terms and directs the levy of a tax to secure repayment. The minutes identify the item as "an Order Authorizing the Issuance, Sale and Delivery of Splendora Independent School District Unlimited Tax School Building Bonds, Series 2025; Setting Certain Parameters for the Bonds; Authorizing a Pricing Officer to Approve the Terms Thereof; Levying a Tax and Providing for the Security and Payment of Such Bonds; and Enacting Other Provisions Relating Thereto." The board took no additional public detail in the minutes about the bond size or pricing; final terms are to be set by the designated pricing officer.
The bond authorization follows an earlier agenda entry listing a 2022 Bond update and a Program Manager update by Turner & Townsend; the minutes show the update was on the agenda but contain no presentation text or financial totals. The board’s action places the bond authorization into the district’s financing process; the pricing officer and staff will report final terms when available.
