Escrow Agent Approved for Bond Defeasance by Dublin ISD
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Description
Dublin Independent School District approved an Escrow Agreement with The Bank of New York Mellon Trust Company, N.A. to act as escrow agent for the defeasance and redemption of outstanding bond obligations using up to $1,300,000 in available funds. The bank will hold and invest the funds until the obligations are fully paid or redeemed.
Contract Details
Contract Amount
Not to exceed $1,300,000 (escrowed assets/funds)
Vendor
BANK OF NEW YORK MELLON TRUST COMPANY N.A.
Agency
Dublin Isd, TX
Contract Type
FINANCIAL_SERVICES
Document Date
March 13, 2026
Contract Term
Effective March 23, 2026 through final payment of defeased obligations; Escrow Funding Date to maturity/redemption (dates TBD)
Renewal Info
No automatic renewal; Escrow Agreement remains in effect until all payments on defeased obligations are made and final transfer of remaining balance is returned to the district. Successor agent may be appointed if required.
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