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Meeting Date:
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4/19/2022 - 6:30 PM
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Category:
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ADMINISTRATIVE SERVICES
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Type:
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Action
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Subject:
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5.3 General Obligation Refunding Bond Series 2019-A
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Strategic Plans:
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Attachments
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File Attachment:
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Summary:
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Mr. Clayton Kelley, Vice President, Piper Sandler & Co. will present the refinancing analysis for the Series 2019-A General Obligation Refunding Bonds by the Unified School District No. 202, Wyandotte County, Kansas (Turner) for Board approval. This will result in savings to the District as well as paying off the debt earlier than originally projected at the time of issuance.
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Funding:
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Recommendation:
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Motion to approve a resolution authorizing the issuance of the District’s General Obligation Refunding Bonds, Series 2019-A in the principal amount of $23,435,000 for the purpose of refunding a portion of the District’s Series 2019-A Bonds in order to achieve interest cost savings.
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Approvals:
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Recommended By:
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Signed By:
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Kristen Woodbury - Supervisor of Business Services
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Signed By:
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Dr. Jason Dandoy - Superintendent
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Vote Results:
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| Original Motion | | Member Jeff Davidson Moved, Member Bryan Fishbaugh seconded to approve the Original motion 'Motion to approve a resolution authorizing the issuance of the District’s General Obligation Refunding Bonds, Series 2019-A in the principal amount of $23,435,000 for the purpose of refunding a portion of the District’s Series 2019-A Bonds in order to achieve interest cost savings.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 6 Nay: 0. | | The motion Carried 6 - 0 | | | | | Theresa Tillery | Yes | | Joy Beery | Yes | | Steve Russell | Yes | | Becky Billigmeier | Yes | | Jeff Davidson | Yes | | Bryan Fishbaugh | Yes | |
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