Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Bond Refunding topic
No spam. Unsubscribe anytime.
Waller ISD approves refunding bonds series 2026, citing $4.4 million in projected savings
Summary
The board authorized issuance of Waller ISD Unlimited Tax Refunding Bonds, Series 2026, delegating pricing authority and approving redemption prior to maturity; advisors estimated district savings of $4.4 million from refunding 2016 bonds.
The Waller Independent School District Board of Trustees voted unanimously to authorize the issuance of Unlimited Tax Refunding Bonds, Series 2026. Chief Financial Officer Audrey Ambridge introduced financial advisor Terrell Palmer of Post Oak Municipal Advisors and bond counsel Tom Sage of Hunton Andrews Kurth, who recommended refunding certain bonds sold in 2016 to take advantage of lower interest rates. Trustees authorized parameters for the bonds and delegated final pricing authority to a pricing officer; the board also authorized redemption of specified outstanding bonds prior to maturity. Trustees recorded a 7-0-0 vote in favor of the order.
The presenters told the board the refunding is “similar to refinancing a home mortgage at a lower interest rate” and projected net savings to the district of $4.4 million. The order delegates to the pricing officer authority to set the final amount, interest rates and pricing within board-approved parameters and establishes procedures for redemption and closing by bond counsel.
