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Wimberley ISD board authorizes issuance of unlimited tax school building and refunding bonds, Series 2025
Summary
The Wimberley Independent School District Board approved an order authorizing the issuance of "Wimberley Independent School District unlimited tax school building and refunding bonds, Series 2025" by delegated sale; the motion passed unanimously, 7–0.
The Wimberley Independent School District Board of Trustees on June 16 authorized the issuance of "Wimberley Independent School District unlimited tax school building and refunding bonds, Series 2025" following a presentation by CFO Michael Doyle and financial adviser Dan Wegmiller of Specialized Public Finance. The Board adopted the order via a delegated sale after Mr. Wegmiller reviewed the required documents and the projected timeline for completing the sale. "I MOVE THAT THE BOARD OF TRUSTEES ADOPT AN ORDER AUTHORIZING THE ISSUANCE OF \"WIMBERLEY INDEPENDENT SCHOOL DISTRICT UNLIMITED TAX SCHOOL BUILDING AND REFUNDING BONDS, SERIES 2025\" PURSUANT TO A DELEGATED SALE," the motion record shows; Trustee Ken Strange moved the motion and Andrea Justus seconded it. The motion passed, Yea: 7, Nay: 0.
District officials did not disclose a bond principal amount in the minutes. Bond counsel for the Board was noted as Stephanie Leibe of Norton Rose Fulbright; Mr. Wegmiller provided next-step scheduling and documentation expectations to the Board. The authorization delegates certain execution and sale documents to district staff and board designees to complete the sale process; specific sale dates and amounts were not specified in the meeting record.
