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Dallas County considers negotiated sale for up to $8.5M subordinate sales‑tax bonds, resolution filed
Summary
A resolution (2026-0097) presented to the Board sets a negotiated sale process for up to $8.5 million in subordinate local option sales and services tax bonds and directs staff and advisors to select a preferred underwriter; the resolution packet references guidance from Piper Sandler and county finance staff.
The Board packet included Resolution 2026-0097 titled a resolution approving a negotiated sale process for ‘not to exceed $8.5 million subordinate general obligation local option sales and services tax bonds, Series 2026.’ The resolution directs staff to pursue a negotiated sale structure and to select a preferred underwriter to market the bonds; the packet notes the county finance staff and its advisor (Piper Sandler & Co.) recommended a negotiated sale given the complexity of the pledged security.
The agenda and resolution language (on the meeting agenda) reference the $8.5 million cap and explain the county’s process — the Board would later confirm the specific underwriter and finalize awarding documents. No sale contract or voting record was contained in the packet materials supplied; the resolution as written establishes authority to proceed with a negotiated offering and to bring a preferred underwriter recommendation back to the Board for final approval.
