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Trustees authorize $10M in school-building bonds for upcoming projects
Summary
The Crandall ISD board adopted an order to issue and sell $10 million in unlimited tax school building bonds, citing planned construction including Danny Baker Elementary. The authorization passed 6-0.
Finance presenter Todd Garrison told trustees the district seeks to issue and sell $10 million of "Crandall Independent School District Unlimited Tax School Building Bonds, Series 2026" to fund upcoming construction projects, including Danny Baker Elementary. The request was framed as part of capital planning to support new and replacement facilities.
Trustee Justin Strain moved to adopt the order authorizing issuance and sale of the Series 2026 bonds; Trustee Rick Harrell seconded the motion and the board approved it 6-0. The order delegates procedures and authority for sale and delivery; staff will proceed with the sale under the adopted delegation and report back with final sale terms.
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