Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Debt Financing topic
No spam. Unsubscribe anytime.
Board authorizes Series 2026 refunding bonds to advance-refund portion of Series 2020
Summary
The board unanimously approved a resolution authorizing issuance and sale of general obligation refunding bonds (Series 2026) to advance-refund part of the district’s Series 2020 bonds; specific refunding amounts were not provided in the meeting minutes.
At the Feb. 25 work session the board approved a resolution to issue and sell general obligation refunding bonds, Series 2026, to advance-refund a portion of the district’s outstanding General Obligation and Refunding Bonds, Series 2020.
Director Paul Southerton introduced the transaction and reiterated the resolution’s objectives and what the transaction would and would not include. David William of Piper Sandler, who had previously briefed the board, was present for the discussion. Director Rose Solowski moved to approve the resolution and Director Michael Newman seconded; the board voted unanimously to approve the authorization. The minutes do not specify the principal amount to be refunded or the projected savings; those figures were not provided during the public work session.
