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Durand Area Schools board approves School Bond Qualification and Loan Program resolution
Summary
At its July 20 special meeting, the Durand Area Schools Board unanimously approved a School Bond Qualification and Loan Program resolution certifying a qualified debt millage and authorizing estimated borrowing/repayment; the record does not specify the millage rate or dollar amounts.
The Durand Area Schools Board of Education voted unanimously July 20 to approve the annual School Bond Qualification and Loan Program resolution that certifies the amount of the qualified debt millage to be levied and the estimated amount to be borrowed or repaid.
Board member Jake Zdunic moved to adopt the resolution; John Dennis, secretary of the board, supported the motion. The roll call vote was recorded as AYES: All (5), NAYS: None (0), and the motion was adopted. The meeting minutes state the resolution "certifying the amount of the qualified debt millage to be levied and estimated amount borrowed from or to be repaid to the fund, as presented," but the minutes do not list a millage rate or a dollar figure for the borrowing or repayment.
