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Rio Vista ISD board approves defeasance and partial redemption of 2017 bonds
Summary
The board approved an order authorizing the defeasance and redemption of a portion of the district's 2017 bonds. The motion, introduced by Ronnie Crecelius and seconded by Matt Gilbert, passed unanimously (7–0).
The Rio Vista ISD board voted to authorize the defeasance and redemption of a portion of its 2017 bonds at the April 21 meeting. Ronnie Crecelius moved to approve the order and Matt Gilbert seconded; the motion passed by a 7–0 vote.
Board members recorded the approval under agenda item 9.4; the transcript does not include specific dollar amounts or the scheduled redemption dates. District finance staff will carry out the steps required to effect the defeasance and redemption as authorized by the board.
