During its regular meeting Tuesday, the board of directors of the Sherman Economic Development Corp. will receive a presentation on the upcoming bond election for the Sherman Independent School District.
In January, the Sherman ISD board of trustees called a $308 million bond election for May. If approved, the bond would fund a district-overhauling construction package, which was unanimously approved by the trustees, that would fund projects such as a new high school, new elementary schools, updated technology and an improved or completely new football stadium. The projects were proposed by the district’s Citizens Advisory Committee — a group made up of Sherman residents, educators and community leaders — and are meant to help the district shed its decades-old facilities and better serve its growing student population.
SEDCO meetings are usually on the second Tuesday of the month, but was moved to the third Tuesday of March because of Spring Break last week. Sherman ISD Superintendent David Hicks is an ex officio member of the SEDCO board.
Following the presentation, the board will go into a closed executive session to discuss economic development issues on 17 projects and real property for four projects. When the board reconvenes in open session, it will consider any actions needed for items discussed during executive session.
During SEDCO’s quarterly update to the Sherman City Council earlier this month, board Vice Chairman John Sild said SEDCO was working on 18 projects that could bring in an estimated investment of more than $1.037 billion and create of 2,138 new jobs, though not all those projects are expected to ultimately come to the city.
The monthly economic barometer report will also be presented to the board during the meeting, as will the monthly report from President John Plotnik and the business retention and expansion update.