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Board approves resolution authorizing defeasance of outstanding bonds
Summary
The board voted unanimously to authorize defeasance of outstanding bonds after a motion by Chase Raska and a second by John West. The minutes record approval but do not include bond series or financial details.
The board approved a resolution authorizing the defeasance of outstanding bonds at the Aug. 20 meeting. Chase Raska moved adoption of the resolution and John West seconded; the vote was recorded Ayes-7, Nays-0, Other-0.
The minutes identify the action as a defeasance resolution but do not list the specific bond series, principal amounts, or financial mechanics. Those details are not included in the recorded text and therefore are recorded here as "not specified."
