Background
This is my understanding. An RFP goes out to the banks asking for terms on a loan. Suppose the loan is one that goes beyond the terms of the current board, suppose it's a balloon loan that would need to be paid off in full at some point in the future. That would stick the repayment on the backs of a future board AND taxpayers. Don't know about anybody else, but in my own family we were taught not to live beyond our means and only in emergency situations get a loan. So is being able to cater to a new doctor an emergency situation? Perhaps. Is there really no other way to accomodate this doctor except at this huge expense? (Don't forget Ray Reynolds attempted first NOT to bring this to the board but get Chip Harrison to sign the loan at his behest).
Here's video from that part of the meeting. Note that the money HAS NOT BEEN APPROVED, EVER, to be spent on this project, this vote is to get an RTP on a loan.
That said, what is Chip Harrison's position? Looks like it's to spend more money.
P.S. There's a good discussion to be had about saddling future boards, taxpayers, or generations with more debt, Take this example of Leander ISD, in this case through capital appreciation bonds.
