Perryton ISD trustees approve issuance of unlimited‑tax school building bonds, authorize bond purchase agreement

The Perryton Independent School District Board of Trustees voted 6‑0, with one trustee absent, to adopt an order authorizing the issuance, sale and delivery of the Perryton Independent School District unlimited tax school building bond, series 2025. The board also confirmed procedures for signing and returning the bond purchase agreement that authorizes the underwriter to accept the sale.

The vote approved a written order presented to trustees during the meeting. A board member moved: "I move that the board of trustees adopt the order authorizing the issuance, sale and delivery of Perryton Independent School District unlimited tax school building bond series 2025," and the motion was seconded and carried. The transcript records the board chair or clerk calling the result "Motion carries" and noting the vote count as six in favor, none opposed, with one member absent; the absent trustee was identified as Deuce Cooper.

District advisers and presenters described the financing terms and results during the briefing to trustees. Participants cited an interest rate point shown in the discussion as 3.6858% and said the district’s timing and strategy left about $1.6 million of interest “cushion” while producing roughly $6 million in total interest savings compared with prior expectations. Those figures were given in the meeting by the district’s presenter and financial team during the bond‑sale rundown.

Board members and staff discussed logistics for completing the sale after the vote. Officials instructed trustees to sign the bond purchase agreement (BPA) immediately after the motion and to scan and email it back to the bond counsel contact listed in the packet (referred to in the meeting as "Oric"). The board was told the BPA is the single document that authorizes the underwriter to accept the sale and start finalizing orders; the packet also contains a larger set of signature tabs that will be mailed or circulated after signatures are collected.

Trustees and counsel referenced Winstead PC as a firm that had sent documents related to the BPA; a person identified as Brent at Winstead was mentioned in that context. Trustees asked that the signed BPA be scanned and emailed right after the vote to avoid waiting for physical mail, so underwriters can proceed confidently with finalizing the sale.

The meeting record also notes that one trustee, Deuce Cooper, was absent because he was finishing a funeral; the absence was entered into the record and trustees were advised to list his name on the document that records attendance and vote counts.

Following the vote, presenters thanked board members for their cooperation on a financing strategy that required more active timing than a standard bond sale and noted that the underwriters and bond counsel would proceed once the signed BPA is returned.