Coppell Independent School District Resolution Defeasance and Redemption of Bonds April 2026
Coppell ISD approves escrow and paying agent for bond defeasance
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Description
Coppell ISD authorized an agreement with U.S. Bank Trust Company, National Association to act as paying agent/registrar and potential escrow agent for defeasing and redeeming up to $9 million of its 2016 bond series by April 27, 2027. District officials may deposit funds or redirect them in connection with future refunding bonds to fully pay principal and interest on the targeted obligations.
Contract Details
Contract Amount
Aggregate principal amount of Bonds to be defeased and/or redeemed not to exceed $9,000,000; amount sufficient to pay principal and interest on defeased Bonds (Funding Amount)
Vendor
US BANK TRUST COMPANY NATIONAL ASSOCIATION
Agency
Coppell Isd, TX
Contract Type
FINANCIAL_SERVICES
Document Date
April 25, 2026
Contract Term
Delegated authority to make deposit or transfer of Funding Amount effective until April 27, 2027 (Funding Deadline)
Renewal Date
2027-04-27
Renewal Info
Delegated authority to make deposits or transfers related to the defeasance expires if not exercised by April 27, 2027; any further services beyond that would require new authorization.
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