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Board approves defeasance and redemption of Quinlan ISD bonds
Summary
Trustees approved an Order authorizing defeasance and redemption of outstanding district bonds after a presentation by Christian Merit of Live Oak Public Finance; vote was 6-0.
An Order authorizing the defeasance and redemption of outstanding Quinlan Independent School District bonds was presented on Sept. 15 by Christian Merit of Live Oak Public Finance, LLC and approved by the board.
Christian Merit reviewed the Order before trustees took action. Rusty Case moved to approve the Order and Dale Chreene seconded the motion. “The motion carried 6-0,” the meeting record states. The minutes reference attached materials for specifics of the defeasance and redemption plan.
The board did not record additional public comment or conditions attached to the approval in the meeting minutes; the action was limited to approving the Order as presented.
