Overview: During a meeting on February 9, 2026, the Wayzata School Board discussed a strategic financial maneuver aimed at reducing the district’s debt service through a bond tender offer. This resolution, concerning general obligation school building refunding bonds series 2026A, emerged as a focal point of the session. The board considered the potential for significant savings by inviting bondholders to sell their bonds, possibly at a premium or discount, depending on market conditions. This method diverges from typical bond refunding, which usually targets bonds with higher interest rates. Instead, current low-interest bonds could attract bondholders . . .