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Board ratifies negotiated sale of 2025 Series 1 bonds; sale closed June 5
Summary
The board authorized final approval of the negotiated sale of 2025 Series 1 bonds, which staff reported sold on June 5, 2025 through Raymond James & Associates; board thanked staff for managing the sale process.
Staff reported the negotiated sale of the district's 2025 Series 1 bonds and asked the board to authorize final approval of the sale documents.
According to the report, Raymond James and Associates served as the underwriter and the bonds were successfully sold on Thursday, June 5, 2025. Staff recommended formal board authorization of the final sale as presented in the attached resolution.
Board members commended district staff, including Ms. Irvine, for negotiating the sale and supporting the district during the bond issuance process. A motion to approve the sale was made by a board member, supported, and approved by unanimous "aye" vote with no opposition recorded.
The board's authorization completes the local approvals necessary to finalize the bond sale; staff will proceed with the closing steps and distribution according to the sale terms presented to the board.
