"Our district needed a new facility for computer labs, technology center, classrooms and a new field house, all costing $3 million dollars. We contacted Bill Caraway of Chancellor Financial to guide the district through lease purchase financing. Bill secured financing on a step-at-a-time approach, without a tax increase or election and consistent with our budget needs. Wellington ISD recommends Bill Caraway of Chancellor Financial to districts needing financing for construction of new facilities."
Mr. Donald Hughes, Superintendent, Eastland ISD:
"Five years ago, Eastland embarked on a facilities improvement program. Chancellor Financial secured financing for the program which involved new classrooms at the elementary school, major repair and rehab of existing facilities district wide, equipment and materials purchase and the construction of a new vocational/agricultural facility. Bill informed us that refinancing the older debt would generate revenue savings and indeed he lowered our payments and saved us $120K annually. In a time when districts are watching every dollar, I recommend you visit with Bill Caraway at Chancellor Financial for refinancing existing debt AND saving money."
Mr. Reggy Spencer, Superintendent, Colorado ISD:
"Colorado ISD was in need of major repair and rehabilitation, totaling $3M dollars. As superintendent, I had the opportunity to work with Bill Caraway at another district, so I called him and he designed a plan to fit our budget. Thanks to Bill, we were able to secure low interest financing under the Qualified School Construction Bond Program and our program is being implemented. I recommend Bill Caraway of Chancellor Financial to those districts needing financing for needed projects."
Mr. Don Ballard, Superintendent, Paint Creek ISD:
"Paint Creek ISD is a small district in Haskell County Texas. Our old gym was constructed in the late 1930's and had structural problems. In addition, the district needed to upgrade with a new science lab and classrooms, with a total project cost of $1.2M. We contacted Bill Caraway of Chancellor Financial to set out a financing plan for the district. He set out a financing plan that was calendared and consistent with State law and was "hands on" with every aspect of the financing process. Since the project was funded in 2008 and completed in 2009, interest rates had dropped. Chancellor Financial implemented a refinancing plan this year, which will save the district money. We recommend Chancellor both as to new construction and to refinancing of existing debt obligation."
Mr. Trey Lawrence, Superintendent, Shiner ISD:
"Chancellor Financial provided our district with expertise in financing school district projects. Under Bill Caraway's leadership, we received a financing plan which enabled historic educational facilities for the young people of Shiner ISD. Chancellor Financial's expertise served our district well."
Mr. Monty Hysinger, Superintendent, Clarendon ISD:
"Our district needed a new technology building for quite some time, totaling $1.3M. Clarendon's board is conservative when it comes to raising taxes and is very cost conscious as to expenditures; therefore, the district researched various financing methodologies, which led to choosing Chancellor Financial. Bill Caraway, president of Chancellor Financial authored the lease purchase law in Texas while a member of the legislature and has implemented financing for districts for many years. Clarendon is very pleased with the professional manner in which our project has been handled, but more importantly, I was relieved by the ease of Bill's checklist style process, leading to successful financing of our technology building. We recommend Chancellor Financial without hesitation."
Thanks to all superintendents for your recommendations of Chancellor Financial. We value you and look forward to helping you in the near future!
