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Agenda lists resolution to authorize Bay City ISD to secure line of credit from Prosperity Bank
Summary
The Bay City ISD board agenda for June 2, 2025 includes item IV.B to approve a resolution authorizing the district to secure a line of credit from Prosperity Bank; the transcript records the agenda item but contains no vote or adoption details.
The Bay City ISD board agenda includes an item (IV.B) titled 'Approval of Resolution Authorizing Bay City ISD to Secure a Line of Credit from Prosperity Bank.' The agenda text identifies Prosperity Bank by name as the prospective lender; the transcript lists the item but does not record a motion, vote, or final action on the resolution.
The agenda places the line-of-credit resolution under Items of Business. The transcript provides no further details about the proposed credit amount, terms or whether staff presented supporting materials; no vote tally or outcome is recorded in the available transcript.
