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Board adopts resolution to pursue up to $625,000 in facilities maintenance bonds
Summary
The board approved a resolution stating its intent to issue General Obligation Facilities Maintenance Bonds, Series 2026A, with a maximum aggregate principal of $625,000; the motion passed unanimously.
The board approved a resolution stating its intent to issue General Obligation Facilities Maintenance Bonds, Series 2026A, in a maximum aggregate principal amount of $625,000 and to take related actions. The motion was made by Mike Olsonawski, seconded by Amanda Pinnock and carried 7-0.
The resolution on the record states the board's intention and sets the maximum principal amount but does not, in the meeting transcript, include final pricing, interest rates, sale timeline, or the projects to be funded from the proceeds. Administration will proceed with next steps required to issue the bonds according to statutory procedures.
