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WEM board approves $12,165,000 General Obligation Facilities Maintenance Bonds
Summary
The WEM board unanimously authorized the award and sale of General Obligation Facilities Maintenance Bonds, Series 2025A, in the original principal amount of $12,165,000, with a roll-call vote of seven in favor.
On Jan. 27 the Waterville-Elysian-Morristown Board of Education authorized the sale of General Obligation Facilities Maintenance Bonds; Series 2025A, in the original aggregate principal amount of $12,165,000. The motion to "award the sale of General Obligation Facilities Maintenance Bonds; Series 2025A, in the original aggregate principal amount of $12,165,000; fixing their form and specifications; directing their execution and delivery; and providing for their payment" was made by Jon Bakken and seconded by Jeff Stangler and passed by roll call with seven members voting in favor.
The minutes do not list scheduling or timing details for bond closing, nor do they specify uses for the proceeds beyond the general description of facilities maintenance. Board members confirmed the motion by roll call; no member voted against the sale at the meeting.
