Schertz-Cibolo-Universal City ISD trustees approve parameter bond order, 7-0

The Schertz-Cibolo-Universal City Independent School District Board of Trustees on 2026-06-18 approved a parameter bond order unanimously, 7-0, at a special one-item meeting that lasted under 15 minutes.

Board member Mr. Moore, who presented the item, described the document as “a parameter order” and said, “You'll notice there are a lot of blanks in the order.” He said those blanks give Superintendent Maloney and the district’s financial advisor flexibility to adjust the size and structure of the issues depending on market conditions, noting the board’s prior discussion favored “a very large fixed rate issue and a smaller variable rate issue.” He also said bond counsel McCall Parkhurst & Horton would be available to answer technical questions.

The motion on the record was: “I move the Board of Trustees approve the bond order.” A trustee moved and another seconded; the board then voted 7-0 in favor, and the presiding officer announced, “Motion passes 7-0.” The transcript does not record the full legal names of the members who moved and seconded the motion.

There were no public comments. With the bond order approved, Mr. Paschal moved to adjourn and the meeting concluded.

The document approved is a parameter bond order, meaning it sets policy parameters while leaving certain numeric details (rates, exact issue sizes and final maturities) to be set later by district officials and advisors when market conditions and final pricing are known. The transcript records no dollar amounts, dates for sale, or other specific financing terms; those details were not specified at the meeting.

The board opened the meeting noting it had been posted in accordance with the Texas Open Meetings Act (Texas Government Code Chapter 551) and established a quorum at 6:00 p.m. The district’s bond counsel (McCall Parkhurst & Horton) and district leadership were present to support the action.