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Comfort ISD board approves defeasance resolution to redeem certain obligations
Summary
Trustees unanimously adopted a resolution directing the defeasance and redemption of certain currently outstanding obligations and authorized the board secretary or designee to effectuate redemption.
The Comfort ISD Board of Trustees on Sept. 8 adopted a resolution authorizing the defeasance and redemption of certain outstanding obligations of the district. Trustee Alison Judkins moved for adoption and Trustee Wesley Holekamp seconded; the motion passed 7-0.
Minutes state that this defeasance resolution was considered and voted on prior to the tax-rate item listed elsewhere on the agenda. The resolution directs the board secretary or designee to effectuate the redemption, but the minutes do not specify which obligations (by series or CUSIP) or the timing and financial mechanics of the defeasance.
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