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Marion ISD board adopts order to issue "Unlimited Tax School Building Bonds, Series 2026"
Summary
The Marion ISD Board of Trustees voted 6-0 to adopt an order authorizing the issuance of 'Marion Independent School District Unlimited Tax School Building Bonds, Series 2026,' delegating sale authority to board members and staff and authorizing engagement agreements with financial advisors.
The Marion Independent School District Board of Trustees voted 6-0 on Dec. 10, 2025, to adopt an order authorizing the issuance of "Marion Independent School District Unlimited Tax School Building Bonds, Series 2026." Jill LeSage moved the order and Ryan Schwab seconded the motion, which passed unanimously.
According to the motion recorded in the minutes, the order delegates authority to certain board members and district staff to approve and execute documents related to the sale and authorizes the district to enter engagement agreements with its financial advisors. The motion text recorded in the minutes states: "THAT THE BOARD OF TRUSTEES ADOPT AN ORDER AUTHORIZING THE ISSUANCE OF \"MARION INDEPENDENT SCHOOL DISTRICT UNLIMITED TAX SCHOOL BUILDING BONDS, SERIES 2026\" PURSUANT TO A DELEGATED SALE." The minutes do not specify a bond principal amount or a sale date.
The vote was recorded as follows: Jill LeSage, Ryan Schwab, Karl Harborth, Jamie Mote, Caleb Rackley and Ryan Zwicke voted aye. The board's action follows a bond update presented earlier in the meeting. The minutes show this item was handled as a regular-action item and that the board approved delegation to staff to complete sale-related documents.
Next steps in the minutes: the district is authorized to finalize required documents through delegated authority and to engage financial advisors; no further details about timing or financing terms were recorded in the public minutes.
