Palm Beach School Board Leasing Corp. approves resolution to issue up to $295 million in COPs to refund 2015 series

Palm Beach County School Board Leasing Corporation members unanimously approved a resolution authorizing the issuance of Certificates of Participation Series 2025A to refund all or part of COP Series 2015B, 2015C and 2015D, with a par amount not to exceed $295,000,000.

The action occurred at a special meeting called to order at 4:35 p.m. The superintendent recommended the resolution, saying, “I recommend the Palm Beach School Board Leasing Corp authorize the resolution authorizing the issuance of certificates of participation series 20 25 a to refund all or part of COP series 20 15 b 20 15 c and 20 15 d with a par amount not to exceed $295,000,000.” The motion to adopt the resolution was made by Gloria Branch, seconded by Vice Chair Marsha Andrews, and carried unanimously on voice vote.

The resolution was the only agenda item discussed. No public speakers were listed for the meeting. Board members present for the vote were Matthew Lane (District 1), Virginia Savieto (District 2), Karen Brill (District 3), Erica Whitfield (District 4), Gloria Branch (District 5), Marsha Andrews (District 6, Vice Chair), and Edwin Ferguson (District 7). The transcript does not specify a resolution number, closing costs, timing of the refunding, or whether the issuance will refund all or only portions of the 2015 series; those details were not specified in the record.

After the vote, Branch moved, and Whitfield seconded, a motion to adjourn; that motion also carried unanimously. The meeting recessed until 5:00 p.m.