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Millsap ISD approves resolution to defease or redeem certain unlimited tax bonds
Summary
The board adopted a resolution directing defeasance and/or redemption of certain outstanding unlimited tax bonds and approved an escrow agreement; motion passed 6–0. Minutes provide no further financial detail.
The Millsap ISD Board of Trustees on Aug. 25 approved a resolution directing the defeasance and/or redemption of certain outstanding Unlimited Tax Bonds and authorized an associated escrow agreement.
Jon Hartman moved to adopt the resolution and approve an escrow agreement and related provisions; Daniele Clark seconded the motion. The motion carried 6–0. The minutes record the board’s action but do not include bond series identifiers, principal amounts or timing details in the public minutes.
Board members discussed and voted on multiple financing and administrative items during the meeting. District staff or bond counsel would normally provide full transactional documents and closing schedules; such documents were not attached to the minutes.
