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Tarkington ISD board approves defeasance order to manage district debt
Summary
The board adopted an order to defease and redeem certain outstanding obligations as a debt-management strategy after a presentation by the district’s municipal advisor; the motion passed unanimously with one absence.
The Tarkington ISD Board of Trustees voted July 21 to adopt an order authorizing the defeasance and redemption of certain outstanding district obligations, a move presented as part of a broader strategy to manage debt service and future tax-rate structure. The motion, made by Kevin Johnson and seconded by Jason Ward, passed by a 6–0 vote with one member absent.
Joey Dawson, financial and municipal advisor with Live Oak Public Finance, LLC, explained the defeasance process, expected benefits and timeline and said the strategy aligns with the district’s fiscal goals. The board record shows the action was taken following Mr. Dawson’s presentation and was recorded as approved on the July 21 agenda.
