The Woodhaven-Brownstown School District Board of Education on Nov. 11 adopted a resolution authorizing the issuance and sale of up to $48,500,000 in 2026 refunding bonds to refinance callable portions of the 2016 school building and site refunding bonds.

Board members delegated authority to the superintendent and the director of finance to finalize terms within defined parameters, including a requirement that any refunding achieve at least 2% present-value savings. The district’s presentation estimated potential long‑term taxpayer savings of as much as $3,000,000 if market conditions permit a refunding.

The resolution appoints Troon Law Firm as bond counsel and Baker Tilly as the district’s financial adviser and permits staff to proceed when market conditions are most favorable, anticipated to be mid‑January. "We had time to review this and someone from Baker Tilly came and spoke to us about it," said Berry. "So this is not new information to us and it sounded like a lot of gobbledygook, but we understand it."

Motion to adopt the resolution was made by Berry and supported by Chopek; the motion passed on a voice vote. The board’s action authorizes staff to execute the refunding within the specified savings parameters but does not itself set exact sale dates or final interest terms.

Next steps include staff and the district’s financial adviser monitoring market conditions and returning to finalize sale documents once pricing meets the board’s savings threshold.