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Wayzata board approves intent to issue $5.5 million in Series 2025A capital facilities bonds
Summary
The board approved a resolution authorizing intent to issue General Obligation Capital Facilities Bonds, Series 2025A, for $5,500,000; the motion passed with one abstention recorded as 'without conflict.'
The Board approved a resolution expressing the district’s intent to issue General Obligation Capital Facilities Bonds, Series 2025A, with a principal amount of $5,500,000.
Finance staff presented the resolution and the agenda materials record that Sarah Johansen moved the motion and Dan Ginestra seconded it. The minutes state the motion passed; the roll-call record in the packet shows Valentina Eyres recorded an abstention noted as “Abstain (Without Conflict),” Paras Bhende was absent and the remaining board members voted aye.
The resolution as presented was described as the district’s intent to issue Series 2025A bonds and the packet included the motion language and the apparent vote tally: Aye: 5; Nay: 0; Absent: 1; Abstain (Without Conflict): 1. The materials do not include final bond pricing details in the excerpted pages, only the resolution of intent and the board vote on the resolution. The resolution authorizes subsequent steps needed to issue the bonds and directs district staff to proceed with the closing steps outlined in the packet.
