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Board approves final Statutory Operating Debt plan
Summary
Directors approved the final SOD plan for the district in a 5-2 vote; Bassett and Long opposed the measure.
The board approved the district’s final Statutory Operating Debt (SOD) plan during unfinished business. Director Hillenbrand moved approval and Director Evans-Becker seconded; the minutes record a 5-2 vote with Bowman, Brynteson, Evans-Becker, Hillenbrand and Wutoh voting in favor and Bassett and Long opposed.
The minutes summarize the action but do not include the plan’s line items or projected financial impacts in the public meeting text. The SOD plan is now recorded as approved in the board minutes and will be implemented by district finance staff per statutory requirements.
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