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Valley View ISD authorizes defeasance and partial redemption of unlimited tax bonds
Summary
Trustees approved an order authorizing the defeasance and redemption of a portion of the district's unlimited tax bonds and related procedures, as presented by the Finance Director.
The Valley View ISD Board on Aug. 12 approved an order authorizing the defeasance and redemption of a portion of the district's outstanding unlimited tax bonds and approved associated instruments and procedures.
Finance Director Sandra C. Martinez presented the item to the board. On a motion by Board President Claudia Coronado, seconded by Jaime Gaona, the board voted to authorize the defeasance and associated actions as recommended by the administration.
The approval allows district finance staff and bond counsel to proceed with the prescribed defeasance steps; the minutes do not disclose dollar amounts or affected bond series in the public agenda text.
