Meeting Agenda
1. Call to Order and Declaration of a Quorum
2. Pledge of Allegiance 
3. Public Participation
4. 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
5. Board to receive bids for the $165,000 Building Bonds of this School District and take action to award bonds to the lowest bidder
6. Board to consider and take action on a resolution providing for the issuance of building bonds in the sum of $165,000 by this 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 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
7. Board to consider and take action on a resolution designating the general obligation bonds of 2023 as "Qualified Tax-Exempt Obligations" pursuant to Section 265(b)(3)(B) of the Internal Revenue Code of 1986
8. Vote to adjourn
Agenda Item Details Reload Your Meeting
NOTE:  The Board may discuss, vote to approve, vote to disapprove, vote to table, or decide not to discuss any item on the agenda. 
Meeting: May 19, 2023 at 12:00 PM - Special Meeting of the Welch Board of Education
Agenda Item:
1. Call to Order and Declaration of a Quorum
Agenda Item:
2. Pledge of Allegiance 
Agenda Item:
3. Public Participation
Agenda Item:
4. 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:
5. Board to receive bids for the $165,000 Building Bonds of this School District and take action to award bonds to the lowest bidder
Action(s):
Motion passed:
Motion to receive bids for the $165,000 Building Bonds of this School District and action to award the bonds to the lowest bidder, Bank of America with a premium of $8.25 and a Net Interest Cost of $16,491.75 with an Average Interest Rate of 4.9975%. This motion, made by Mr Jesse Highsmith and seconded by Shannon Walker, passed.
  • Shane Burgess: Absent
  • Rowdy Layton: Absent
  • Mr Jesse Highsmith: Yea
  • Shannon Walker: Yea
  • Brian Mooney: Yea
Agenda Item:
6. Board to consider and take action on a resolution providing for the issuance of building bonds in the sum of $165,000 by this 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 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
Action(s):
Motion passed:
Motion to approve a resolution providing for the issuance of building bonds in the sum of $165,000 by this 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 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. This motion, made by Mr Jesse Highsmith and seconded by Shannon Walker, passed.
  • Shane Burgess: Absent
  • Rowdy Layton: Absent
  • Mr Jesse Highsmith: Yea
  • Shannon Walker: Yea
  • Brian Mooney: Yea
Agenda Item:
7. Board to consider and take action on a resolution designating the general obligation bonds of 2023 as "Qualified Tax-Exempt Obligations" pursuant to Section 265(b)(3)(B) of the Internal Revenue Code of 1986
Action(s):
Motion passed:
Motion to approve a resolution designating the general obligation bonds of 2023 as "Qualified Tax-Exempt Obligations" pursuant to Section 265(b)(3)(B) of the Internal Revenue Code of 1986. This motion, made by Mr Jesse Highsmith and seconded by Shannon Walker, passed.
  • Shane Burgess: Absent
  • Rowdy Layton: Absent
  • Mr Jesse Highsmith: Yea
  • Shannon Walker: Yea
  • Brian Mooney: Yea
Agenda Item:
8. Vote to adjourn
Action(s):
Motion passed:
Motion to adjourn. This motion, made by Brian Mooney and seconded by Mr Jesse Highsmith, passed.
  • Shane Burgess: Absent
  • Rowdy Layton: Absent
  • Mr Jesse Highsmith: Yea
  • Shannon Walker: Yea
  • Brian Mooney: Yea
 

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