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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.”
The trustees will also discuss and take possible action to an “order authorizing the issuance, sale and delivery of San Marcos Consolidated Independent School District Unlimited Tax Refunding Bonds in one or more series, levying a continuing direct annual ad valorem tax for the payment of the bonds.”
In other business, the board will consider and take possible action on a “memorandum of understanding: interlocal cooperation agreement for mobile radio services and equipment between San Marcos Consolidated Independent School District and Lower Colorado River Authority.”
The trustees will also consider approval of a contract to Texas Disposal Systems for the waste management district wide.
The board will discuss approval of Bonham Tuition Rates. According to the board’s agenda packet, “for 2020-2021, the district will provide full day prekindergarten services. We are requesting to continue at the current tuition rate of $3,900.”
Monday’s meeting begins at 6 p.m. at San Marcos High School — 2601 Rattler Rd. — inside the criminal justice classroom.
