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PMA Securities briefs Pequot Lakes board on bond referendum timeline and structure
Summary
At a May 5 special meeting, Michael Hart of PMA Securities presented next steps, timeline and structural options for a proposed bond referendum and the subsequent sale of bonds the district would use for capital needs.
Chair Kim Bolz-Andolshek called the special meeting of the Board of Education of Independent School District #186 to order at 6:00 p.m. on May 5, 2025. Michael Hart, representing PMA Securities, provided the board with financial information about “the next steps in the bond referendum process and the sale of the bonds,” including a proposed timeline and a review of possible bond-structure options.
The presentation framed the district’s immediate procedural steps leading to a referendum and potential sale; the board did not take action on the bond package during the special meeting but heard the overview to inform upcoming decisions. The presentation was listed on the agenda immediately before the board’s subsequent votes on property purchase and other business.
