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Kemp ISD board approves $2025 school-building bond authorization
Summary
The Kemp Independent School District Board of Trustees unanimously approved an order authorizing the issuance of "Kemp Independent School District Unlimited Tax School Building Bonds, Series 2025," including associated tax levy and contract authorizations.
Kemp Independent School District Board President Vidal Jones called the special board meeting to order at 5:00 PM on Aug. 13, 2025, where trustees approved an order authorizing the issuance of "Kemp Independent School District Unlimited Tax School Building Bonds, Series 2025." The action authorizes the district to levy an annual ad valorem tax for payment, execute a purchase contract and a paying agent/registrar agreement, and approve preparation of an official statement.
The motion to approve the bond authorization was made by Sharron Rankin and seconded by Matthew Gross; the motion "passed unanimously" among board members present. Present trustees were Rachel Brewington, Matthew Gross, Vidal Jones, Sharron Rankin and Randall Robertson; trustees Linda Hale and Regina Kiser were absent. The minutes record the board's formal approval but do not include further detail on the proposed bond amount, schedule, or interest-rate assumptions.
The board took the vote as a formal action item on the agenda. Next procedural steps listed in the motion included staff preparation of an official statement and execution of the purchase and paying-agent agreements, subject to the terms negotiated by district staff and bond counsel.
