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RedTree adviser reviews options for investing Bridge City ISD bond funds

5830119 ยท August 13, 2025

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Summary

A RedTree Investment Group representative outlined options for investing bond proceeds to the Bridge City Independent School District Board in an informational presentation during an Aug. 13 work session; no board action was taken.

Mike Allison of RedTree Investment Group presented options for investing bond funds to the Bridge City Independent School District Board of Trustees at a work session on Aug. 13, 2025, appearing by Zoom. The presentation was informational; the transcript records no motion or vote tied to the presentation.

The presentation took place at the district administration building at 1031 W. Roundbunch Road in Bridge City. Superintendent Dr. Mike Kelly and Chief Financial Officer Tim Woolley were among district staff in attendance, and six trustees were present. The work session convened at 6:00 p.m. and adjourned at 8:11 p.m.

The transcript records only that Allison "went over investing bond funds via Zoom." It does not list specific investment products, target yields, time horizons, or any recommended actions, and it includes no board direction or approval related to investing bond proceeds. Because no formal action is recorded in the meeting minutes, the presentation appears to have been provided for information as part of the board's work session agenda.

No next steps, follow-up assignments, or votes on an investment policy or specific investment of bond proceeds are recorded in the minutes. The meeting minutes state only that there was no further business before adjournment.