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Fridley board approves intent to issue up to $11.5 million in 2026 aid anticipation certificates
Summary
The Fridley School Board approved a resolution stating its intention to issue General Obligation Aid Anticipation Certificates, Series 2026A, with aggregate principal not to exceed $11,500,000. The motion passed unanimously 6-0.
The Fridley Independent School District Board voted to approve 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. Board Member Ross Meisner moved the resolution and Nikki Auna seconded; the board adopted the resolution by unanimous roll-call (6-0).
Minutes identify the type and upper limit of the issuance but do not include further details such as issuance timetable, interest rate assumptions, or specific projects to be financed. The board's action records intent and authorization steps commonly required before marketing or selling debt instruments.
