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Meeting Date:
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9/17/2024 - 5:30 PM
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Category:
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FINANCIAL REPORT
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Type:
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Action
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Subject:
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7.2 Debt Repayment Resolution
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Comprehensive School Improvement Plan:
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2024-2025 Business Proactively and responsibly manage district growth, finances, and support services to improve student achievement.
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Enclosure
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Resolution of Intent
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File Attachment:
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Summary:
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This is authorizing the district to "pre-pay" on outstanding debt. Per the terms of the debt, the pre-payment will sit in an account until 2031, which is the earliest we can pay the debt off, then it will be applied, saving the district interest and increasing its bonding capacity.
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Funding:
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Recommendation:
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It is recommended the Board of Education approve a resolution to decease a portion of the district's outstanding 2021 General Obligation Bonds totaling $5,245,000.
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Approvals:
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Recommended By:
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Signed By:
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Danielle Nickell - Board Secretary
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Signed By:
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Dr. Jay Harris - Superintendent of Schools
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Vote Results:
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| Original Motion | | Member Tyler Fadler Moved, Member Mike Matousek seconded to approve the Original motion 'It is recommended the Board of Education approve a resolution to decease a portion of the district''s outstanding 2021 General Obligation Bonds totaling $5,245,000.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 6 Nay: 0. | | The motion Carried 6 - 0 | | | | | Karen Bryant | Yes | | Shawn Chiddix | Yes | | Mike Matousek | Yes | | Tyler Fadler | Yes | | Amy MacCuish | Yes | | Matt Craine | Yes | |
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