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Board approves consent agenda, Encore easement, bond refunding parameters order and 2025–26 professional hires
Summary
At its April 21 meeting, the Lake Dallas ISD Board of Trustees approved the consent agenda, a revised easement with Encore, a parameters order allowing potential refunding of unlimited tax bonds (subject to a minimum savings threshold), and the list of 2025–26 professional new hires; all votes were unanimous.
Lake Dallas Independent School District trustees on April 21 carried a series of routine and financial actions by unanimous votes, including approval of a consent agenda, a revised easement for utility service, a parameters order for potential bond refunding and authorization of professional hires for 2025–26.
Consent agenda: Trustee Mr. Smith moved to approve the consent agenda; Trustee Mr. Tucker seconded and the board approved the motion unanimously. The consent agenda covered routine items listed in the meeting packet; the board did not discuss the consent items at length.
Encore easement: As noted elsewhere on the agenda, the board approved a revised easement with Encore that expands an earlier footprint so the utility can route service around a large tree and energize a transformer needed for the new Career & Tech Building and adjacent renovations. Motion to approve was made by Ms. Collier, seconded by Mr. Baird, and passed unanimously.
Unlimited tax refunding bonds, series 2025 — parameters order: The board approved a parameters order that allows the district to pursue a refunding of callable bonds if certain market and savings conditions are met. Finance staff and BOK Financial representatives told trustees the district could refund up to roughly $38 million of callable principal and that the board set a required minimum net present-value savings of $2,100,000 (all‑in) to proceed. The board also set limits: the maximum true interest cost cannot exceed 4.10% and the refunding cannot extend final maturity beyond Aug. 15, 2042. Presenters noted market volatility and said the district has up to one year under the order to close a refunding; the earliest federal tax‑law compliant closing date discussed was May 20. The order was presented by Anne Hahn with BOK Financial’s Josh McLaughlin and Allison Long; Trustee Mr. Tucker moved, Mr. Smith seconded and the motion passed unanimously.
Professional new hires 2025–26: Trustees approved the recommended list of professional hires for the 2025–26 school year. Trustee Mr. Appleby moved to approve, Trustee Ms. Collier seconded, and the vote was unanimous.
Each motion passed on a voice vote with trustees indicating “aye” and the board president declaring the motions approved by unanimous vote; no roll-call vote counts by individual members were recorded in the meeting transcript.
