On Oct. 13, 2025, the Burlington Comm School District board approved a resolution authorizing the sale and issuance of approximately $6,940,000 in general obligation school capital loan notes and approved the official statement for that offering.

The votes came after a brief presentation by Greg Reynolds, presenter for the Burlington Comm School District, and Tim Oswald, a presenter with Bikers, who joined the meeting to explain the proposed financing and the purpose of the official statement. "We're looking at the issuance of approximately 6,940,000 general obligation school notes," Reynolds said during the presentation.

The district said the notes would be paid for through a measure approved in a prior year, according to the presentation; details of that measure were not specified in the meeting record. Board members asked clarifying questions about timing and local valuation. One director asked how much longer the notes would affect taxpayers and how many more years would be impacted; board members were told the assessed valuation has largely returned to previous levels and the timing depends on fund balances and tax recovery. Board members also asked whether the district should update construction-completion dates in the official statement to reflect the high school completion in 2025; staff said the document could be updated to add "2025" to that entry.

The board approved the resolution and the official statement by roll call. Director Anderson, Director Hatterberg, Director Vance, Vice President Bridal and the presiding board officer each voted yes; the motion passed.

Separately, the board approved the human resources reports by voice vote and then voted to adjourn the special meeting.

The district superintendent, Superintendent Rob Scott, participated by audio during the meeting. No additional financing terms, underwriting details or final closing dates were discussed on the public record during the meeting.