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Board approves series of bond‑issuance resolutions needed to sell school infrastructure bonds
Summary
Trustees approved routine resolutions to proceed with a sale of school‑infrastructure sales‑and‑use‑tax revenue bonds, including appointment of paying agent/bond registrar/transfer agent, tax‑exemption certificate and terms of issuance; roll call recorded 'Motion carries 6 0 1.'
The Bettendorf Community School District board approved a series of resolutions required to complete the sale of school‑infrastructure sales‑and‑use‑tax revenue bonds.
Motions on July 24 authorized the appointment of a paying agent, bond registrar and transfer agent and approved related agreements; trustees also approved a tax‑exemption certificate, confirmed continuing‑disclosure certification and approved the terms of issuance securing payment of the revenue bonds. During roll call the board chair announced the motions carried with a 6‑0‑1 tally.
Administrators described these items as routine steps needed for the bond sale so the district can receive funds for planned capital work, and said a recommendation for the construction manager at risk will follow the procurement timeline. No substantive policy changes were tied to the bond resolutions; the approvals permit staff and finance counsel to complete documentation and proceed with the sale process.
The board’s action advances the district’s schedule for funding school infrastructure projects.
