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Waterford board authorizes final series of 2020 bond and approves legal counsel resolution
Summary
The board approved issuing the final Series 3 of the 2020 bond issue to bring proceeds into the district (approximately $45 million) and separately approved a resolution under the Revised School Code authorizing district bond counsel to represent the district for the issuance; both measures passed unanimously.
Trustees voted to authorize the issuance of the final series of the district’s 2020 capital bond and to adopt a related resolution under the Michigan Revised School Code enabling the district to contract legal counsel for that bond issuance.
Why it matters: The vote allows the Waterford School District to issue the third series of bonds tied to the 2020 bond authorization so the district can access proceeds to complete construction and renovation projects that the administration…
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