grafton_public_school_district_18_regular_school_b.md
District Redeems Bonds and Ends Facility Lease
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Description
The Board authorized bond redemption and exercised its option to prepay rents and acquire the facility built with Series 2013 Bond proceeds under its lease with the Grafton Education Foundation. In a subsequent action, the Board terminated the December 5, 2013 lease agreement with the Foundation.
Contract Details
Vendor
GRAFTON EDUCATION FOUNDATION
Agency
Grafton Public School District 18, ND
Contract Type
FACILITIES
Document Date
August 12, 2025
Contract Term
Lease dated December 5, 2013; terminated August 12, 2025
Renewal Date
2025-08-12
Renewal Info
Original lease commenced December 5, 2013 and was effectively concluded through bond redemption and lease termination on August 12, 2025.
More from Grafton Public School District 18
Grafton Public School District 18 Meeting Minutes January 2026
Grafton Public School District 18 Meeting Minutes January 2026
Grafton Public School District 18 Board Meeting Minutes November 2025
grafton_public_school_district_18_regular_school_b.md
grafton_public_school_district_18_regular_school_b.md
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