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Board approves resolution authorizing issuance of 2025 unlimited tax school building bonds
Summary
Trustees approved an order authorizing the issuance and sale of one or more series of Austin ISD 2025 unlimited tax school building bonds and delegated execution and sale details to designated staff; district counsel and finance staff will follow through on sale logistics.
The Austin ISD Board of Trustees voted to approve an order authorizing the issuance and sale of one or more series of 2025 unlimited tax school building bonds.
Vice President Willie Chiu moved to adopt the order and Trustee Quintana seconded. The motion passed by those on the dais.
The order authorizes the district to levy a continuing ad valorem tax for bond repayment, approves forms and terms for the bonds, directs execution of a paying agent/registrar agreement and a purchase contract, authorizes the distribution of an official statement, and delegates limited authority to designated board members and staff to complete final sale documents. District staff said they will continue to coordinate sale logistics with underwriters and the depository trust company and will return to the board with final sale details as they are completed.
Provenance
Topic intro: “Vice president Willie Choo, do we have a motion to approve item 5.1?” (transcript block starting at 18896.344 — evidence excerpt)
Topic finish: “And the motion carries by all those on the dais.” (transcript block starting at 19004.92 — evidence excerpt)
