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Fridley board authorizes school building bonds, approves participation in CEP
Summary
The Fridley School Board unanimously authorized issuing school building bonds and participating in a Credit Enhancement Program (CEP) on Feb. 18, 2025. The motion passed 5–0; the transcript does not list a bond amount.
The Fridley School Board voted unanimously on Feb. 18, 2025 to authorize the issuance of school building bonds and to participate in a Credit Enhancement Program (CEP). Ross Meisner moved the resolution; Sara Jones seconded it, and the roll-call vote was 5–0 in favor.
Board documents and the meeting record show the board approved authorization for bonds and CEP participation but do not specify the size, series, or timetable for the borrowing. Superintendent Lewis and district finance staff were listed in the Superintendent and Staff Reports portion of the agenda but no dollar amount or financing schedule was included in the minutes.
Board members said the action would allow the district to pursue financing options to support school facilities, and the board directed staff to proceed with bond issuance steps. "Motion carried 5-0," the minutes record. The board did not record further financial details during the meeting; the bond amount is not specified in the meeting record.
The authorization is recorded as a formal resolution in the meeting minutes and will be followed by standard actions for issuance including staff work with financial advisors and bond counsel. The minutes do not indicate an effective date for proceeds or a specific project list tied to the authorization.
