Board ratifies $2.5M Series 2026 term note at 5.32% and accepts May financials
The board accepted unaudited financial statements and approved executing documents for a $2.5 million Series 2026 Gulf Coast Business Bank tax‑exempt term note at a final rate of 5.32%; District Manager expects the motion to be assigned Resolution 2026‑05.
The full story
District Manager Chuck Adams presented the unaudited financial statements as of May 31, 2026 and noted administrative fees will be recoded to the 2022 note line. He distributed updated Capital Improvement Project projections and described balance-sheet “due to” and “due from” amounts.
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