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Marion ISD board approves defeasance resolution to redeem outstanding obligations
Summary
The board adopted a resolution authorizing defeasance and redemption of certain outstanding obligations; the motion passed unanimously on Aug. 20, 2025.
The Marion ISD Board of Trustees approved a resolution authorizing the defeasance and redemption of certain outstanding obligations at its Aug. 20 meeting.
Board member Caleb Rackley moved to adopt the resolution; Jamie Mote seconded and the board voted 6–0 to approve. The motion authorized the board secretary or designee to effectuate redemption and authorized execution of an escrow agreement "and other matters in connection therewith," as recorded in the minutes.
The action is recorded in the minutes as a formal resolution under Action A. The minutes do not list the specific obligations or dollar amounts to be defeased; those details would be available in the resolution document or supporting materials filed with the district.
