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Board approves resolution to refinance 2016 bond series, trustees told it could save taxpayers money
Summary
The board voted unanimously to approve a resolution to refinance the district’s 2016 bond series after a staff presentation that said the refunding could reduce taxpayer costs and would carry no cost to the district if the refunding proceeds.
Dr. Roberts introduced Bill Roche to explain refinancing the district’s 2016 bond series. Roche and district staff told trustees the refunding could save taxpayers money and that there would be no cost to the district if the refunding proceeds. Dr. Roberts clarified the matter was for the 2016 bond rather than the 2020 bond.
The board approved the resolution to refinance the 2016 bond series in a recorded voice vote. The meeting record shows the motion to approve the resolution was moved by Ms. Knapp and supported by Mrs. Seals; the voice vote was Ayes: 7, Nays: 0. The presentation did not list projected dollar savings in the public transcript.
