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Kaufman County approves order to issue limited-tax bonds, delegates pricing authority
Summary
On Aug. 12 the Kaufman County Commissioner's Court approved an order authorizing the issuance of the county's 2025 limited-tax bonds and delegated pricing authority to county officials; officials expect to receive $40,000,000 for project costs and set a pricing timeline for next week.
Kaufman County's commissioners on Aug. 12 approved an order authorizing the issuance of Kaufman County limited-tax bonds series 2025 and delegated authority to finalize pricing and execute documents, court records show.
The action, taken at the Kaufman County Annex during the Commissioner's Court meeting, allows county officials to accept market pricing next week and directs an authorized representative to complete the sale. County documents provided at the meeting show the plan would deliver $40,000,000 to the county for project costs and targets a delivery (closing) date of Sept. 15, 2025.
The court's vote followed a presentation from county advisors and bond counsel about market conditions, the county's credit ratings and the timetable for selling the bonds. George Wilford, representing county staff, and Gregory Miller of Bickerstaff, Elizondo & Ledbetter spoke about the legal and procedural steps required to complete the transaction. Miller described the documents lenders require and said the county would submit them for attorney general review after signatures: "Once…
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