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Mineral Point board approves defeasance of 2019 general obligation refunding bonds
Summary
The Mineral Point Unified School District board approved a resolution authorizing transfer of funds, establishment of an escrow account, and defeasance of certain General Obligation Refunding Bonds dated July 9, 2019. The measure passed unanimously, 6-0, at the March 10 meeting.
The Mineral Point Unified School District Board of Trustees voted March 10 to approve a resolution authorizing the transfer of funds, the establishment of an escrow account and the defeasance of certain General Obligation Refunding Bonds dated July 9, 2019. Member Heisner moved the resolution and Member Busch seconded; the roll-call vote recorded six YES votes (Heisner, Johnston, Bergstrom, Busch, Harris, Dunn) and no dissent.
The resolution authorizes district officials to place funds into an escrow account and proceed with the defeasance process as described in the item on the agenda. The transcript records no additional conditions or amendments to the resolution. No further procedural steps were recorded in open session at the meeting.
