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Board authorizes partial defeasance and redemption of district bonds, 6–0
Summary
After a staff explanation of benefits, the board voted 6–0 to authorize the defeasance and redemption of a portion of Quinlan ISD bonds; the motion was made by Rusty Case and seconded by Todd Darter.
District finance staff explained a proposal to defease and redeem a portion of Quinlan Independent School District bonds and described anticipated benefits to the district’s debt profile. Rebecca (Becky) Pfeil and Jeff Irvin provided the explanation to the trustees. Rusty Case moved to authorize the defeasance and redemption as presented; Todd Darter seconded the motion and the minutes record the motion carried 6–0.
The minutes do not include the precise par amount or the legal resolution text in the body of the minutes; attachments are referenced. The board’s unanimous vote (6–0) approves staff to proceed with the transaction as presented to the board.
