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Board approves resolution to redeem Series 2015 bonds; minutes cite $900,000 interest savings
Summary
Trustees approved a resolution to defease and call for redemption of Unlimited Tax School Building Bonds and Unlimited Tax Refunding Bonds, Series 2015; the minutes state the action will result in $900,000 in interest savings for the district and local taxpayers.
Trustee Richard Clem moved and Trustee Howard Sampson seconded a resolution to defease and call for redemption of Unlimited Tax School Building Bonds and Unlimited Tax Refunding Bonds, Series 2015. The motion passed with Trustees Tiffany Guy, James Campisi, Jessie Martinez and Richard Clem voting in favor, and the minutes report that the resolution will result in $900,000 in interest savings for the district and local taxpayers.
The minutes do not provide the underlying bond structure or repayment schedule; they record the board's formal approval of the resolution and state the projected interest savings figure. The action was presented as an agenda item and recorded as approved during the Sept. 30 meeting.
