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Board approves resolution for General Obligation School Building Refunding Bonds, Series 2026A
Summary
The Owatonna School Board approved a resolution authorizing issuance and sale of General Obligation School Building Refunding Bonds, Series 2026A, with credit enhancement; the motion carried unanimously at the Feb. 23, 2026 meeting.
The Independent School District 761 School Board approved a resolution related to General Obligation School Building Refunding Bonds, Series 2026A at its Feb. 23, 2026 meeting.
Board member Elizabeth Hedlund moved to approve the resolution authorizing the issuance and sale of the Series 2026A refunding bonds and providing for credit enhancement; Andrea Van Gelder seconded the motion. The transcript records a roll call vote of "All voted in favor" and the motion carried.
The resolution authorizes the district to proceed with issuance and sale of the Series 2026A refunding bonds and related credit‑enhancement arrangements as presented to the board. The record provided does not include the bond amount, underwriter, or timetable for sale. The board did not record additional discussion in the transcript on the purpose or expected savings from the refunding.
Next steps in the transcript are limited to the recorded approval; no implementation dates or contracting details are included in the meeting record.
