Public Meeting Minutes: September 18, 2018 at 12:00 PM - Board of Education Special Meeting

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September 18, 2018 at 12:00 PM - Board of Education Special Meeting Minutes

September 18, 2018 at 12:00 PM - Board of Education Special Meeting
1. Call to Order and Roll Call
1.A. Call Meeting to order
Speaker(s):  Mr. Rex Van Meter
1.B. Roll call
Speaker(s):  Mr. Rex Van Meter
2. Business - Separate Vote
2.A. Board to discuss annual review of existing or consider and take action on the adoption of written policies and procedures for post-issuance compliance.
Speaker(s):  Mr. Rex Van Meter
Discussion:  We handled this in April with the last bond issue and we will revisit next spring.  
 
2.B. Board to discuss continuing disclosure obligations.
Discussion:  April 30, 2019, on our behalf, Ron Fisher will file an audit and financial operating information with UMB the dissemination officer.
2.C. Board to receive bids for the $7,430,000.00 General Obligation Building Bonds of this school district and award bonds to the lowest bidder.
Action(s):
I move we award bonds to the lowest bidder. Passed with a motion by Mr. Leonard Wells and a second by Mr. Don Rowe.
No Action(s) have been added to this Agenda Item.
Discussion:  There were ten bids.  The district is required by law to accept the lowest bid if they accept the bids as submitted.  The lowest bid was from Mesirow Financial, Inc., Milwaukee, WI, with a net interest cost of $870,750.00 and an averate rate of 3.342610%.  
2.D. Board to consider and take action on a resolution providing for the issuance of General Obligation Building Bonds in the sum of $7,430,000.00 by this school district, authorized at an election called and held for such purpose; prescribing form of bonds; providing for registration thereof; providing for levy of an annual tax for the payment of principal and interest on the same; and fixing other details of the issue.
Action(s):
I move we approve the resolution as stated. Passed with a motion by Mr. Don Rowe and a second by Mr. Leonard Wells.
In the absence of the Board Clerk and Deputy Clerk, I nominate Don Rowe as Deputy Board Clerk for this meeting. Passed with a motion by Mr. Leonard Wells and a second by Mr. Rex Van Meter.
No Action(s) have been added to this Agenda Item.
3. Adjournment
3.A. Adjourn the meeting
Action(s):
I move we adjourn. Passed with a motion by Mr. Leonard Wells and a second by Mr. Don Rowe.
No Action(s) have been added to this Agenda Item.
Discussion:  This meeting was adjourned at 12:14 p.m.
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