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Allen ISD board approves resolution to defease and redeem certain outstanding bonds
Summary
CFO Brian Carter presented and the board unanimously approved a resolution authorizing defeasance and/or redemption of certain outstanding district bonds for fiscal year 2024–25.
The Allen ISD Board of Trustees approved a resolution Aug. 26 authorizing the defeasance and/or redemption of certain outstanding bonds during the 2024–25 fiscal year.
CFO Brian Carter presented the proposal to the board; Trustees voted unanimously to approve the resolution (motion by Polly Montgomery, seconded by Elle Holland). The motion did not specify which bond series would be defeased or the dollar amounts; staff acknowledged the action as an authorization to proceed during the fiscal year.
Board members did not record any amendments or opposing votes. Additional financial specifics and timing were not specified in the public record of the meeting.
