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CFISD trustees briefed on parameter order for up to $500 million unlimited tax refunding bonds
Summary
Board heard an initial presentation on non‑consent agenda item 7A: a parameter order authorizing issuance of unlimited tax refunding bonds callable in February 2026, not to exceed $500,000,000, with potential refunding savings not to exceed $25,000,000. Bond counsel and financial adviser were introduced; no board vote recorded.
CYPRESS, Texas — At the start of Thursday’s board work session, Cypress‑Fairbanks ISD trustees heard an initial presentation on non‑consent item 7A: a proposed parameter order that would authorize the issuance of unlimited tax refunding bonds.
Staff said the parameter order would authorize unlimited tax refunding bonds callable in February 2026, not to exceed $500,000,000, and that savings or designated refunding bond interest would not exceed $25,000,000. The district earlier sold $315,000,000 of unissued bonds in September 2024, staff said.
Board counsel and financial advisers introduced at the presentation included Jonathan Frels of Bracewell, identified as the district’s bond counsel, and Terrell Palmer of Post Oak Municipal Advisors, identified as the district’s financial adviser. Frels, Palmer and district staff made themselves available for trustee questions; none were raised during the work session segment.
The board did not take action on the item during the work session. Trustees were told the non‑consent item would be considered on the regular board meeting agenda and that staff and advisers would be available for questions at that time.
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