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Marfa ISD board authorizes defeasance and redemption of outstanding district debt
Summary
At a special meeting, the Marfa ISD Board heard a presentation from Duane Westerman of SAMCO Capital and approved an order authorizing defeasance and redemption of certain outstanding district debt; the motion passed 5-0.
Duane Westerman of SAMCO Capital presented an "Order Authorizing Defeasance and Redemption of all or a Portion of Certain Outstanding Debt of Marfa Independent School District." After discussion, Board Member Jay Foster moved to approve the order and Board Secretary Lori Flores seconded; the motion carried 5-0.
The meeting record notes Board President Teresa Nunez briefly stepped out at 5:20–5:21 p.m. while the item was on the agenda. No public comments were recorded during the presentation and the minutes do not list any amendments to the order.
