Cedar Hill ISD board unanimously authorizes up to $30 million in school bonds

The Cedar Hill Independent School District Board of Trustees voted unanimously Aug. 4 to authorize the issuance of unlimited tax school building bonds, Series 2025, with a not-to-exceed aggregate principal amount of $30,000,000.

The order approved by the seven trustees provides for the security and payment of the bonds, authorizes procedures for awarding the sale within specified parameters, and authorizes execution of a purchase contract and an official statement. Trustee Ramona Ross-Bacon made the motion to approve the issuance; Trustee Ayanna Cabrera-Cook seconded. The board recorded the vote as "Unanimously approved 7-0."

Board officials did not recite the sale parameters or the timetable for pricing in the public transcript; the motion as recorded authorizes staff and counsel to complete sale arrangements within the parameters set by the order. The authorization allows the district to proceed with steps commonly required for public bond financings: defining security and payment terms, engaging underwriters through a sale process, and preparing an official statement for investors.

The vote came after the board recessed to and returned from closed session earlier in the evening. The record does not indicate any amendments to the bond order during the open meeting. The board adjourned at 8:25 p.m.

Action recorded: approval of an order authorizing Cedar Hill Independent School District Unlimited Tax School Building Bonds, Series 2025, not to exceed $30,000,000.