Trustees for the Tuloso-Midway Independent School District on Monday approved moving forward with the sale of the district's final series of bonds approved by voters in 2006.
The district will be looking to sell the final portion, about $3.8 million, of $27.4 million in bonds approved by voters in 2006 for various district-wide renovations, including new science lab additions at the middle and high schools, as well as new tennis courts.
Trustees also approved a motion to look into refinancing about $2.1 million in existing debt in order to gain a better interest rate. However, Carol Sue Hipp, assistant superintendent for business and operations, said Monday the district would wait a few weeks to see if Permanent School Funding from the Texas Education Agency becomes available.
The result would be a lower interest rate for the district that could save more than $500,000 over the next 30 years on repayment, she said.
Also at Monday's board meeting:
Trustees approved contract renewals, with no changes in salaries, for various district employees. Included in those renewals was athletic director and high school football coach Jose Sendejar, who had his contract renewed through 2010. School board members completed a second reading that revised the district's transfer student policy, after an opinion issued in November from the Texas Education Agency instructed the district to treat transfer students just like any other students.
The TMISD used to revoke a transfer student's right to attend the school during the school year if they did not meet various attendance, behavior and grade point average criteria.
On Monday, trustees officially changed the policy so that transfer students cannot have their transfer status revoked during the school year. The district must now wait until the end of the school year to decide formally whether or not to allow the student to return to the district as a transfer student.
Gonzalez has said transfer students who fit that profile may be sent to the district's Alternative Learning campus until the end of the school year, or into a juvenile justice alternative education program, depending on the behavior in question.