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Yellow Medicine East board ratifies Series 2025 school building bond sale after favorable terms
Summary
The Yellow Medicine East School Board unanimously ratified the sale of the Series 2025 General Obligation School Building Bonds after a presentation from PMA showing favorable market results.
The Yellow Medicine East School Board on Nov. 10 ratified the sale of the Series 2025 General Obligation School Building Bonds following a market review by PMA.
Bill Menozzi of PMA reviewed the bond sale details and answered board questions; "the results were very favorable for YME," Menozzi said. After the presentation, board member Sonja Pederson moved and Amanda Lecy seconded a motion to ratify the sale; the motion carried unanimously by roll call vote.
The ratification occurred immediately after the consent agenda and was described in the minutes as a formal acceptance of the sale terms presented by PMA. The minutes do not list the bond amount, interest rates, or purchaser names beyond the PMA presentation; those details were described in the PMA review but not transcribed in the record provided.
The action was listed on the agenda as "Ratification of Bond Sales" and was moved to follow the consent agenda before being voted on. No amendments or conditions were recorded in the minutes.
