The San Marcos Consolidated Board of Trustees will consider a financial plan to issue the district’s Unlimited Tax Refunding Bonds series 2020 and an interlocal agreement with the Lower Colorado River Authority for mobile radio service and equipment.
The board will discuss and take possible action on a “plan of finance to issue San Marcos Consolidated Independent School District Unlimited Tax Refunding Bonds, series 2020, authorizing district staff, bond counsel and financial advisor to proceed with such financing, and approving other matters incident and related thereto” during Monday’s meeting.
According to a presentation to be given by Tijerina Galvan Lawrence LLC, “Based on current market rates and conditions, our analysis shows that the district could realize considerable annual debt service savings, an average of $419,124 per year, by refunding its Unlimited Tax School Building Bonds, Series 2013 and Unlimited Tax Refunding Bonds, Taxable Series 2015.”
