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Board adopts resolution to issue Durand Area Schools 2026 refunding bond
Summary
The Durand Area Schools Board of Education unanimously adopted a resolution authorizing issuance and delegating sale of the district's 2026 refunding bond, voting 4–0 at its Oct. 13 meeting.
The Durand Area Schools Board of Education voted unanimously Oct. 13 to adopt a resolution authorizing issuance and delegating sale of the district's 2026 refunding bond.
"Moved by member Fiebernitz and supported by member X. Zdunic that the Board of Education hereby adopts the resolution authorizing the issuance and delegating the sale of Durand Area Schools 2026 Refunding Bond, as presented," the motion record states. The motion was adopted on a roll-call vote of four yeas and no nays.
Board members who participated in the vote included Board President Darrick Huff and members Kasey Fiebernitz, Xak Zdunic and Cari Shephard. The minutes do not record the principal amount, interest rate, or the intended refunding targets; those details were not specified in the record provided to the board at the meeting.
Next steps specified in routine procedure for refunding resolutions typically include finalizing sale terms and delegating execution to district officials or bond counsel; the minutes record adoption of the delegation but do not list a timeline or sale agent.
