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Electors authorize sale of personal property and liquidation of certain capital assets
Summary
At the annual meeting electors passed Resolution 24-1 to allow the board to sell personal property (cap per item $20,000) and Resolution 24-2 to authorize sale of capital assets (stocks) and reinvestment; both passed by recorded votes of 7–0.
During the annual meeting on Oct. 28, electors considered two resolutions authorizing property and capital-asset transactions.
Resolution 24-1 authorized the board to sell personal property not needed by the district and to enter into related agreements, with a per-item sale cap of $20,000. The resolution cites the portion of Wisconsin statute read into the record and was adopted by vote recorded as 7–0.
Resolution 24-2 authorized the sale of certain capital assets (stocks) and the reinvestment of proceeds into state-approved investments in accordance with the auditors' advice; that resolution also passed by a recorded vote of 7–0.
Both measures take effect immediately upon passage, as the resolutions state, and were moved and seconded during the annual meeting. The meeting materials link the resolutions to the statutory authority cited on the agenda.
