CONSIDERATION AND POSSIBLE ACTION TO APPROVE A RESOLUTION OF THE BOARD OF TRUSTEES OF LORENZO INDEPENDENT SCHOOL DISTRICT AUTHORIZING THE ISSUANCE AND SALE OF MAINTENANCE TAX NOTE, SERIES 2026; PROVIDING FOR THE SECURITY FOR AND PAYMENT OF SAID NOTE; AND ENACTING OTHER PROVISIONS RELATING TO THE SUBJECT: Speaker(s): Dr. Gregory Nelson, Superintendent Description: Dr. Gregory C. Nelson will present

Staff Report & Agenda Item Details

8.c. CONSIDERATION AND POSSIBLE ACTION TO APPROVE A RESOLUTION OF THE BOARD OF TRUSTEES OF LORENZO INDEPENDENT SCHOOL DISTRICT AUTHORIZING THE ISSUANCE AND SALE OF MAINTENANCE TAX NOTE, SERIES 2026; PROVIDING FOR THE SECURITY FOR AND PAYMENT OF SAID NOTE; AND ENACTING OTHER PROVISIONS RELATING TO THE SUBJECT: Speaker(s): Dr. Gregory Nelson, Superintendent Description: Dr. Gregory C. Nelson will present for Board consideration a resolution authorizing the issuance and sale of a Maintenance Tax Note, Series 2026, to support district facility needs, including the roofing project. The presentation will outline the structure of the note, including principal amount, repayment terms, interest considerations, and the pledge of maintenance tax revenues for repayment. The resolution provides for the security and payment of the note and establishes the legal authority for the district to enter into this financing arrangement. This funding mechanism is designed to allow the district to proceed with critical projects promptly while maintaining financial stability and aligning with the district’s overall budget capacity. This item also includes consideration and approval of related financing documents necessary to support the issuance of the note, including the Municipal Advisory Agreement with Government Capital Securities Corporation and the Independent Registered Municipal Advisor representation letter. These documents formalize the district’s engagement with its municipal advisor, outline advisory services and fiduciary responsibilities, and ensure compliance with federal regulations governing municipal securities transactions. Approval of this item will authorize the issuance of the Maintenance Tax Note and execution of associated financing documents, enabling the district to secure the necessary funding to address identified facility needs.

This motion is scored as RESTRAINS_GOVERNMENT (Impact Weight: 2.7/10). Under the Bastiat Liberty Watchdog Index, voting YES on measures that cap or reduce ad valorem tax burdens, expand taxpayer exemptions, retire debt early, enforce competitive bidding caps, or remove regulatory/zoning barriers to private property rights earns a positive Pro-Liberty score.