Finance staff told the BFA committee it intends to pursue a roughly $1.76 billion multi-series refunding for the Combined Utility System to refinance variable-rate exposure, refund commercial paper and update the master bond ordinance with bondholder protections; the FY27 budget assumes a 5% right-of-way transfer but staff proposes a higher ordinance cap (9–10%) to preserve future flexibility.

Audit confirms city maintains robust internal controls with successful bond refinancing adjustment.

The Wayzata Public Schools board approved a resolution authorizing staff to pursue a voluntary tender offer/refunding process for callable general obligation bonds (Series 2026A) to seek net savings for taxpayers; the measure authorizes sale parameters but requires sufficient participation and demonstrable savings before a final sale.

The board adopted two resolutions allowing refinancing of portions of prior bond authorizations; district staff and financial advisers said restructuring may cause a small short-term tax-rate increase but yield substantial long-term savings estimated to exceed $6,000,000.

The board approved contracts and a series of resolutions to pursue state school facility funding, hired consultants to prepare applications and tracking, authorized bond refunding steps expected to save taxpayers about $1 million, and approved a CEQA exemption for a classroom building at Mary Collins School. A PG&E‑funded water‑heater replacement,

District plans to refinance $30M bond if savings exceed 3% to secure $1.7M.