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Presenting the Wrapper

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I filed a Right To Know for the July 15, 2013 presentation made by Tim Frenz on Tuesday, July 16, 2013, so it looks like they have had a change of heart. The following is on the school district website:


School Board Discusses Second Bond for High School Project 
July 17, 2013

At the July 15 School Board meeting, the Board took action to proceed towards issuance of the final bond issue to fund the High School Renovation Project. The official action appointed Tim Frenz of Janney Capital Markets as financial advisor and Jim Webster of Houston Harbaugh as Bond Counsel.

The final amount and structure of the bond issue will be discussed at the August 12 Board meeting. Initial indication from the Board is that $32,950,000 should be considered as the amount of the bond issue which would wrap around current debt service payments to reduce the millage impact on the community to an estimated increase of .18 to .19 mills per year for three years totaling .56 additional mills.
Financing Update Presentation

So here it is, Folks. Financing Update Presentation (repeated for emphasis.)

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