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Meeting Date:
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4/7/2021 - 7:30 PM
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Category:
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Consent Agenda Action Items - Non-Personnel
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Type:
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Action
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Subject:
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Bond Refunding (Series A of 2014 and Series of 2015)
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Strategic Plans:
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Goal 3 Operations and Financial Management
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Enclosure
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File Attachment:
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Summary:
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Funding:
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Recommendation:
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Resolved, that the Board of School Directors hereby authorize the Administration to work with PFM Financial Advisors LLC, as independent Financial Advisor, Dinsmore & Shohl LLP, as Bond Counsel, and the Solicitor to proceed with the issuance of General Obligation Bonds, Series A of 2021, for the purpose of currently refunding a portion of the District’s outstanding Series A of 2014 and Series of 2015 Bonds, via a competitive dual‐track process between a bank loan and a bond issue, with a minimum net savings target of $125,000.
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Approvals:
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Recommended By:
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Signed By:
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Theanita Hampsay - Board Secretary
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Signed By:
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Randal Lutz - Superintendent
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Vote Results:
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| Original Motion | | Member Robert Achtzehn Moved, Member Karen Brown seconded to approve the Original motion 'Resolved, that the Board of School Directors hereby authorize the Administration to work with PFM Financial Advisors LLC, as independent Financial Advisor, Dinsmore & Shohl LLP, as Bond Counsel, and the Solicitor to proceed with the issuance of General Obligation Bonds, Series A of 2021, for the purpose of currently refunding a portion of the District’s outstanding Series A of 2014 and Series of 2015 Bonds, via a competitive dual-track process between a bank loan and a bond issue, with a minimum net savings target of $125,000.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 8 Nay: 0. | | The motion Carried 8 - 0 | | | | | David Solenday | Yes | | Karen Brown | Yes | | Janice Tarson | Yes | | Dan Knezevich | Yes | | Gerald Pantone | Yes | | Robert Achtzehn | Yes | | Amanda Priano | Yes | | Peter Giglione | Yes | |
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