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Mineral Point board adopts resolution to defease certain 2019 refunding bonds
Summary
The board approved a resolution authorizing transfer of funds and the establishment of an escrow account to defease certain general obligation refunding bonds dated July 9, 2019, in a unanimous vote on March 9, 2026.
The Mineral Point Unified School District Board of Trustees voted unanimously to approve a resolution authorizing the transfer of funds, establishment of an escrow account and the defeasance of certain general obligation refunding bonds dated July 9, 2019. Member Skelding moved for approval and Member Johnston seconded; the motion passed on a 6–0 roll call.
The resolution directs district finance actions to support defeasance by funding an escrow account; the board record identifies the bonds by the July 9, 2019 date but does not list principal amounts or the escrow trustee in the minutes. The board took action at the March 9 meeting, and the resolution was carried without dissent.
