BISD’s Board Names 2018 Bond Oversight Committee

Bond18 Logo

During the 2018 Bond campaign, the Board expressed its intent to implement additional procedures to ensure that all Bond dollars are spent on the 2018 Bond projects identified in the election. 

The Committee is comprised of community members who will be advisory in nature and will meet at least quarterly. Their primary duties will be to review the progress of the construction and the expenditures associated with each project. The Committee’s quarterly reports to the Board will be posted online. 

“The Board appreciates these community volunteers who desire to partner with the District to ensure the 2018 bond funds are spent as promised and in a manner that is wise and efficient,” Board President Ralph Kunkel stated. 

Committee members are:  

  • Alison Ames 
  • Michael Gist 
  • Travis Malone 
  • Kathryn Rotter 
  • Tommy Stamps 
  • Kristen Wheeler 
  • Chris Zimmer 

Questions for the Bond Oversight Committee may be emailed to bond18@birdvilleschools.net

BISD’s Bond18 Sale

Birdville Independent School District

$154,630,000* Unlimited Tax School Building Bonds, Series 2019

Denominations: Bonds will be sold in $5,000 increments

Ratings: AAA by S&P and Fitch based upon the Permanent School Fund Guarantee

Anticipated Sale Date*: Retail Offering: Monday, January 14, 2019 Institutional Offering: Tuesday, January 15, 2019

Anticipated Settlement Date*: On or about February 7, 2019

Proposed Maturity Schedule*: Interest on the bonds will accrue from February 7, 2019, paying on every February 15th and August 15th beginning August 15th 2019. The bonds are scheduled to mature February 15th 2020 – 2044. The bonds will be subject to redemption prior to maturity at the option of the district.

Contact: For additional information, please contact your financial consultant.

HilltopSecurities

817.840.6501

Victor MedinaSenior Vice President, Branch Manager

Member NYSE, FINRA & SIPC

FTN Financial Capital Markets 800.934.8960

Citigroup

855.644.7252

Piper Jaffray & Co800.552.0614Pat Toutant

Wells Fargo Securities

866.287.3221

*Preliminary subject to change. This advertisement is neither an offer to sell nor a solicitation to buy any of these securities. The offer is made only by the Official Statement which should be read in its entirety. In the opinion of Bond Counsel, interest on the Bonds will be excludable from gross income for federal income tax purposes under statues, regulations, published rulings and court decisions existing on the date of the Official Statement

Wells Fargo Securities is the trade name for certain capital markets and investment banking services of Wells Fargo & Company and its subsidiaries, including Wells Fargo Bank, National Association.

@2019 Hilltop Securities Inc. | All rights reserved | MEMBER: NYSE/FINRA/SIPC | PFD0119-304128364

Voters approve BISD’s $252.8 million bond package

Thank You for Supporting Our Future

Today, Birdville Independent School District voters approved a $252.8 million bond package. Superintendent Dr. Darrell G. Brown praised the efforts of the Citizen’s Bond Committee, the Birdville Backers, BISD staff and community. “These groups spent countless hours working to educate the community about the bond proposal,” said Brown. “Thank you for your support of the children.”

Voters approved:

Safety & Security

  • Security Vestibules
  • Intercom Systems on All Campuses

Rebuilds

  • Haltom Middle School
  • Richland Middle School
  • Smithfield Elementary School
  • Cheney/Richland Elementary Schools (Partner School)

Repairs/Renovations

  • Smithfield Middle School (Gym/Emergency Storm Shelter, Locker Rooms, Restrooms)
  • Haltom High School (Classroom Enhancements/Auditorium Renovations)
  • HVAC and Roofing Replacements
  • Theater Lighting Upgrades at High Schools

Technology

  • Additional Student/Classroom Technology
  • Teacher/Staff Technology
  • Network Operations/Disaster Recovery Servers and Equipment

With 56 of 69 precincts reporting, 34,691 total voters turned out with 25,329 voting For and 9,362 voting Against the bond package.

With the passage of this bond, the board of trustees has put into place plans for a Citizen’s Bond Oversight Committee. This Committee will monitor the progress of the work to assure consistency with the bond program approved by voters. At least four times a year, the Committee will report on the progress to trustees. In addition to the report to trustees, monthly reports will be available for review on the District’s website.