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CFBISD board authorizes defeasance, redemption of certain district obligations
Summary
The board approved a resolution authorizing the defeasance and redemption of specified district obligations and authorized execution of an escrow agreement; the motion passed unanimously.
The Carrollton-Farmers Branch ISD Board approved Item 5C, a resolution providing for defeasance and calling for redemption of certain currently outstanding district obligations. Trustee Tara Hrbacek moved approval; Trustee Carolyn Benavides seconded. The minutes record the motion carried by a vote of 7 in favor and 0 opposed.
The resolution directs the board secretary or a designee to effectuate the redemptions and authorizes execution of an escrow agreement and other related matters. The minutes do not list the specific bond series or dollar amounts in the body of the record.
