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Board hires Live Oak Public Finance and authorizes unlimited tax refunding bonds
Summary
Archer City ISD approved an agreement with Live Oak Public Finance, LLC to provide municipal advisory services and voted to authorize the issuance of unlimited tax refunding bonds, appoint a pricing officer, and levy an ad valorem tax to pay the bonds on April 28, 2025.
Trustee Beau Reneau moved to approve an agreement between Archer City Independent School District and Live Oak Public Finance, LLC for municipal advisory services; Trustee Tommy Keeter seconded and the motion passed unanimously. "Beau Reneau moved to approve an agreement between the Archer City Independent School District and Live Oak Public Finance, LLC for Municipal Advisory Services and all matters related thereto." The board had earlier heard a presentation from Live Oak Finance.
Trustee Kelly Wooldridge then moved to approve an order authorizing the issuance of unlimited tax refunding bonds, including appointment of a pricing officer, delegation of authority to approve the sale of bonds, establishment of approval parameters, and levying an annual ad valorem tax for payment of the bonds; Trustee Mike Gilmore seconded and the motion passed unanimously. The minutes record the board's authorization but do not specify bond principal, interest rates, timing, or the pricing officer's name in the excerpt provided ("not specified"). Future procedural steps will include pricing and sale under delegated authority.
