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Board authorizes up to $500,000 in refunding bonds
Summary
The Meridian CUSD 223 Board approved a resolution authorizing issuance and sale of refunding bonds not to exceed $500,000 and the levy of taxes to pay them; the resolution passed unanimously.
The board voted unanimously Dec. 3 to approve a resolution providing for the issue and sale of refunding bonds not to exceed $500,000, and to levy taxes to pay those bonds. The motion was made by Collins and seconded by Huber and carried with all ayes.
The minutes record the board's authorization but do not include further details such as expected interest savings, bond terms, or the planned timing of issuance; those items will be handled by the district's business office and bond counsel as part of implementation.
