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Board extends Riviera ISD depository contract with Kleberg Bank for two years
Summary
Riviera ISD trustees approved a two-year extension of the district's depository contract with Kleberg Bank, citing satisfaction with services and competitive rates; the contract was not rebid. Vote was 6-0 with one absence.
The Riviera ISD Board approved a two-year extension of the district's depository contract with Kleberg Bank at the May 27 meeting after a staff recommendation.
Ms. Moreno presented the recommendation and said the district had not rebid the contract because it has been satisfied with the bank's services and interest rates. "It was noted that the contract was not rebid, as the District has been satisfied with the bank's services and interest rates," the record shows, and Ms. Moreno said the rates remain competitive and comparable to those being received by other school districts.
Trustee Becky Gutierrez moved to approve the extension and Trustee Michael Valenzuela seconded the motion. The board approved the two-year extension by a 6-0 vote (Teresa May absent).
No additional conditions or competitive-bidding steps were added during the meeting.
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