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Board approves resolution to borrow up to $2.5 million through Michigan Municipal Bond Authority
Summary
On unanimous vote (6–0), the Durand Area Schools Board authorized a State Aid Note to borrow up to $2,500,000 through the Michigan Municipal Bond Authority, as presented by Thrun Law Firm.
The Durand Area Schools Board voted unanimously on June 25 to authorize a resolution allowing the district to borrow through the Michigan Municipal Bond Authority in an amount not to exceed $2,500,000. The proposal was presented by Thrun Law Firm.
Member Nick Taylor moved the resolution and member Cari Shephard supported it; the roll call vote was 6–0 in favor. The resolution authorizes short‑term borrowing under the State Aid Note framework for district cash‑flow or capital needs as described in the presentation.
