September 2, 2015 at 12:00 PM - Board of Education Special Board Meeting
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1. Call to Order and Roll Call
Agenda Item Type:
Procedural Item
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1.A. Call to Order and Roll Call- Yukon Board of Education
Agenda Item Type:
Procedural Item
Discussion:
Others attending this meeting included: Dr. Jason Simeroth-Superintendent, Dr. Jason Brunk, Assistant Superintendent, Jim Fenrick-Chief Financial Officer and Jannette Gamble-Administrative Assistant/Board Secretary.
Mrs. Karen Youngblood called the meeting to order. The secretary called roll noting all board members present except Mr. Leonard Wells.
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2. Business
Agenda Item Type:
Action Item
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2.A. Board to consider and take possible action, in the absence of the President and/or Clerk, to appoint an acting President and/or acting Clerk for the School District to execute any and all documents pertaining to the bond sale.
Agenda Item Type:
Procedural Item
Discussion:
No actions taken.
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2.B. Board to receive bids for the $11,110,000 Building Bonds of this School District and take action to award bonds to the lowest bidder.
Agenda Item Type:
Action Item
Discussion:
Mr. Jordan Smith, financial consultant, presented three bids that had been received at 12:00 p.m. noon for the sale of $11,110,000 Building Bonds.
Bidders:
1. City Group Global Markets- Dallas
Good Faith Check: $222,200
Premium: $140,446.35
Net Interest Cost: $637,553.65
Average Interest Rate; 1.638955%
2. Hutchinson Shockey Earley and Co.- Chicago
Good Faith Check: $222,200
Premium: $97,229.40
Net Interest Cost: $680,770.60
Average Interest Rate; 1.750053%
3. YNB/BOSC/BOK-Tulsa
Good Faith Check: $222,200
Premium: $0
Net Interest Cost: $592,075
Average Interest Rate; 1.522044%
Mrs. Suzanne Cannon made the motion to accept the low bid of YNB/BOSC/BOK-Tulsa at an interest rate of 1.522044% on the Sale of the $11,110,000 Building Bonds, dated: October 1, 2015. Mr. Rex Van Meter seconded the motion.
Action(s):
No Action(s) have been added to this Agenda Item.
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2.C. Board to consider and take action on a resolution providing for the issuance of building bonds in the sum of $11,110,000 by the school district, authorized at an election called and held for such purpose; prescribing form of bonds; providing for registration thereof; designating registrar and paying agent for this issue of bonds; providing for levy of an annual tax for the payment of principal and interest on the same; and fixing other details of issue.
Agenda Item Type:
Action Item
Discussion:
Mr. Rex Van Meter made a motion to authorize the issuance of the $11,110,000 Building Bonds, dated: October 1, 2015 by this school district, and fixing other details for the issuance of said bonds. Mrs. Suzanne Cannon seconded the motion.
Mr. David Yetter acknowledged recommendation to accept this particular bid was solely made by Stephen L. Smith, Corp. and their representative, Jordan Smith.
Action(s):
No Action(s) have been added to this Agenda Item.
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3. Approval of Tentative Collective Bargaining Agreement and Salary Schedule for 2015-2016
Agenda Item Type:
Action Item
Action(s):
No Action(s) have been added to this Agenda Item.
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4. Adjournment
Agenda Item Type:
Action Item
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4.A. Adjourn the meeting
Agenda Item Type:
Action Item
Discussion:
Mr. Rex Van Meter moved the meeting to adjourn at 12:17 p.m. Mr. David Yetter seconded the motion. Meeting Adjourned at 12:17 pm
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