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Cutten board authorizes up to $2.5 million in bonds for district projects
Summary
Trustees approved Resolution 2 authorizing the negotiated sale of bonds not to exceed $2,500,000 and approved related documents; the motion passed unanimously 3-0.
The Cutten School District Board of Trustees voted on Feb. 10 to authorize the issuance and negotiated sale of bonds not to exceed $2,500,000 aggregate principal under Resolution 2.
Board materials described the resolution as authorizing a bond purchase agreement, a continuing disclosure certificate and an official statement for the bonds. Trustee Becky Reece moved approval and Beth Johnston seconded; the motion carried 3-0.
Board members approved the resolution as written; no amendments were recorded during the meeting.
