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Ames school board approves redemption of two GO bond series, adopts policies

2268817 · February 10, 2025
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Summary

The Ames Community School District Board of Education voted unanimously to approve two resolutions authorizing redemption of general obligation (GO) school bond series and approved previously discussed policy updates; board members said prepaying bonds reduces taxpayer interest costs.

The Ames Community School District Board of Education approved two resolutions authorizing the redemption of general obligation (GO) school bond series and adopted previously discussed policy updates during a brief regular meeting.

The board voted unanimously to approve a resolution authorizing the redemption of general obligation school bonds described in the motion as “series 20 19 dated 06/05/2019,” approving a fifth amendment to an escrow agent agreement and levying a tax for the stated fiscal year for that redemption. The board then voted unanimously on a separate resolution authorizing the redemption of general obligation school bonds “series 20 21 dated 02/11/2021,” approving an escrow agent agreement and levying a tax for…

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