Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Issaquah School Board adopts resolutions to pursue bond refunding, authorizing up to $252 million
Summary
The Issaquah School Board voted to adopt three resolutions allowing the district to pursue refunding bonds (not to exceed $252 million) and to permit use of debt-service reserves to increase taxpayer savings; the board set a May schedule for budget hearings and a tentative late-May bond sale.
The Issaquah School Board on March 26 adopted three resolutions authorizing the district to pursue a bond-refunding transaction and to seek related approvals from the state.
The board voted to adopt Resolution 1261 (establishing a system of bond registration), Resolution 1262 (authorizing the district to request a certificate of eligibility from the state treasurer under RCW 39.98), and Resolution 1263 (providing for issuance and sale of refunding bonds in an aggregate principal amount not to exceed $252,000,000 and delegating final structure, interest rates and maturities to district finance officers).
Superintendent Tao Yik turned the presentation over to district finance staff and external advisor Trevor Carlson of Piper Sandler, who described a financing plan…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
