August 22, 2013 at 12:00 PM - Board of Education 2nd Monthly Meeting
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1. Call to Order
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1.1. Roll Call
Rationale:
If any board member is absent, there will need to be a motion to excuse the absence.
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2. Declaration of a Legal Meeting
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3. Reports and Discussion Items
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3.1. Bond Refinance
Rationale:
I am recommending to the Board the following Action:
"To approve a Resolution Authorizing the Issuance of NOT TO EXCEED $10,000,000 of General Obligation Refunding Bonds Series 2013, to refinance a portion of the District’s Series 2005 bonds and pay for costs of issuance in order to achieve interest savings" By approving this action our taxpayers will benefit from this savings by allowing us to lower our overall tax levy and also shorten the terms of our Bond debt by a couple of years. Cody Wickman from D.A. Davidson is here to present details of this process and answer any questions you may have.
Recommended Motion(s):
"To approve a Resolution Authorizing the Issuance of NOT TO EXCEED $10,000,000 of General Obligation Refunding Bonds Series 2013, to refinance a portion of the District’s Series 2005 bonds and pay for costs of issuance in order to achieve interest savings" passed with a motion by Board Member #1 and a second by Board Member #2.
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4. Action Items
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4.1. Approve Bond Refinance
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5. Budget Workshop
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6. Adjourn
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