Posted by John Lee | [email protected] | Twitter: @ jcl1987
The Grey County Commissioners Court docket held a daily session Monday morning. Commissioners Logan Hudson and Jeff Haley weren’t current on the assembly.
In the course of the assembly, the commissioners acquired a presentation from Insurica on the renewal of their medical health insurance coverage.
The price of together with psychological well being on the coverage was $ 15 per worker per 30 days and covers psychological well being, nervousness, studying disabilities, substance / drug use.
The commissioners additionally accepted the sale of Grey County, Texas, Lease Income Refunding Bonds, Sequence 2021 (Clarendon School District Challenge), together with the adoption of an order authorizing the issuance of such bonds and establishing procedures and delegations for the sale and supply of such bonds
Jason Hughes of Hilltop Securities made a presentation on behalf of the corporate of Clarendon School relating to these bonds.
“The curiosity is such that we are able to repay these bonds,” mentioned Hughes. “You printed it in 2009. The rates of interest are round 4.875 to 5 p.c. We are able to reimburse this as much as perhaps even two p.c. It is identical to repaying or refinancing your own home mortgage. All we do is convert the excessive rate of interest to a decrease rate of interest to decrease funds. “
The approval required by the faculty is called a parameter bond order.
“We are able to promote bonds two methods,” mentioned Hughes. “We are able to promote redemption bonds, come again to your assembly, and get your approval. The one unhealthy factor about it’s that we have to plan the engagement round your assembly. In the event you approve this prematurely by the parameter bond order, we are able to promote these bonds at any time so long as we meet all these parameters. That offers us flexibility. “
The bonds have been initially issued for the development of the second and third buildings on campus.
“The county would challenge the bonds and the faculty would repay the bonds as a hire-purchase choice,” mentioned Tex Buckhalts, president of Clarendon School.
Porter added that it is a widespread observe for cities and counties.
The commissioners accepted the next:
• Settle for the district treasurer’s month-to-month report
• Settle for the district chairman’s month-to-month report
• Minutes of earlier conferences.
• Pay payments after approval by the Court docket of Auditors
• Approval of the bond for Heather Swafford on the County Treasurer’s workplace
• Software format and publication for elevated broadband protection of the district by the ARPA funds
• Returns canvas for the constitutional modification election of November 2, 2021