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Fridley board signals intent to issue up to $11.5M in aid anticipation certificates
Summary
The board approved a resolution stating the district's intention to issue General Obligation Aid Anticipation Certificates, Series 2026A, in an aggregate principal amount not to exceed $11,500,000; the vote was 6-0.
Board Member Ross Meisner moved, and Nikki Auna seconded, a resolution stating the district's intention to issue General Obligation Aid Anticipation Certificates of Indebtedness, Series 2026A, in an aggregate principal amount not to exceed $11,500,000. The roll-call vote was unanimous, recorded as 6-0 in favor.
The minutes do not provide final terms or a schedule for sale; the resolution records the district's intention to issue debt to manage cash flow or finance projects and will move forward through standard bonding and legal review steps before sale and closing.
