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Wink-Loving ISD adopts resolution to redeem portion of Series 2023 bonds, citing $2.53M interest savings
Summary
The board adopted a resolution calling for redemption of certain Series 2023 district obligations, with the minutes stating an estimated interest savings of $2,527,916; the motion passed unanimously.
The Wink-Loving ISD Board of Trustees voted June 16 to adopt a resolution calling for the redemption of certain outstanding district obligations identified as the final portion of the Series 2023 bonds. Board materials in the packet outlined the transaction and projected interest savings of $2,527,916.
Trustee Raymond Dodd made the motion to adopt the resolution; Trustee Jerome Dewberry seconded and the motion passed unanimously. The minutes reference a presentation in the board packet describing the defeasance/redemption mechanics and the projected savings to the district.
