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Board passes resolution to redeem portions of outstanding lease obligations
Summary
Laraway CCSD 70-C approved a resolution May 19 to redeem and pay portions of outstanding General Obligation Lease Obligations (Series 2016, 2017) and General Obligation Lease Certificates (Series 2017A). The board adopted the resolution unanimously.
The Laraway CCSD 70-C board on May 19 approved a resolution providing for the redemption and payment of portions of the district’s outstanding General Obligation Lease Obligations (Alternate Revenue Source), Series 2016 and Series 2017, and General Obligation (Limited Tax) Lease Certificates, Series 2017A. Mrs. Matenaer moved the resolution; Mr. Hopkins seconded and the motion passed by roll call vote, 4-0.
The minutes record the series names and the board’s action but do not include the principal amounts to be redeemed, sources of funds for redemption, or the timeline for payment. The resolution was recorded as approved "as presented"; administrative staff will carry out the details required by the resolution and any disclosure or financing notices it triggers.
