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Dallas County moves to issue up to $8.5 million in GO bonds, approves sale process
Summary
The Dallas County Board of Supervisors held a public hearing with zero objections and adopted a resolution to institute proceedings for up to $8.5 million in general obligation local option sales tax bonds; the board also approved bond and disclosure counsel and a negotiated sale process agreement to advance the financing.
The Dallas County Board of Supervisors adopted a resolution on June 2 to institute proceedings toward issuing up to $8.5 million in general obligation local option sales tax bonds to fund county capital projects, including an ambulance storage facility.
Chair Julia Helm opened a public hearing on the proposed bonds and asked the auditor whether any written objections or petitions had been filed. Dallas County Auditor Todd Halbur reported there were zero written petitions or oral objections. The board closed the hearing at 9:32 a.m. and unanimously approved Resolution 2026-0073 instituting proceedings for issuance of the bonds.
Supervisor Kim Chapman introduced the resolution, which the board adopted by roll call (AYE: Helm, Chapman, Golightly). The resolution also serves as a declaration of official intent under Treasury Regulation 1.150-2, noting that advances of local option sales tax moneys for capital expenditures may be reimbursed from bond proceeds within federal timing rules.
The board approved engagement letters for bond counsel (Ahlers & Cooney) and disclosure counsel (Dorsey & Whitney) to support legal and investor communications for the proposed financing. Eric Boehlert of Ahlers & Cooney presented the bond counsel engagement letter and the board authorized the chair to sign.
Tim Oswald of financial-advisory firm Piper Sandler described the negotiated sale process the county will use to market and price the bonds. Operations Director Rob Tietz asked about next steps; the board was told a timeline of action items will be prepared to align with the board schedule, and that bond proceeds should be received within roughly 60 days once the sale process is complete.
The board approved the negotiated sale process agreement and authorized the chair to sign, clearing the next administrative steps for marketing and selling the bonds.
What happens next: staff and the financial adviser will circulate a sale timeline for board review and complete required documentation with bond and disclosure counsel; proceeds and final sale terms will be governed by subsequent board actions and closing documents.
