November 13, 2017 at 6:30 PM - Board of Education Regular Meeting

Rationale:  INDIVIDUALS WISHING TO ADDRESS THE BOARD REGARDING ITEMS NOT ON THE AGENDA WILL BE RECOGNIZED AS SOON AS POSSIBLE IF THEY WILL COME TO THE BOARD TABLE.  MEMBERS OF THE AUDIENCE WISHING TO SPEAK TO AN ITEM ON THE AGENDA WILL BE RECOGNIZED AT THE TIME THAT ITEM IS BEING DISCUSSED BY THE BOARD.  WHEN RECOGNIZED BY THE CHAIR, PLEASE STATE YOUR NAME BEFORE PROCEEDING WITH YOUR COMMENTS.  A MAXIMUM TIME LIMIT OF 5 MINUTES WILL BE ALLOWED FOR EACH AUDIENCE UNLESS AN EXCEPTION IS GRANTED BY THE CHAIR.

Rationale:  A copy of the Open Meetings Act is posted in the Board Room.  The Board may meet in Closed Session to consider issues including, but not limited to 1) strategy sessions with respect to collective bargaining, real estate purchases, or litigation; 2) discussion regarding deployment of security personnel or devices; 3) investigative proceedings regarding allegations or misconduct; or 4) evaluation of the job performance of a person when necessary to prevent needless injury to the reputation of a person or persons.  The vote to hold a Closed Session shall be taken in open session and the subject matter and reason for the session shall be included in the motion.  The motion and the vote of each member of the Board and the time when the session commenced and concluded shall be recorded in the minutes.  If the motion passes, the President will restate on the record the limitation of the subject matter of the Closed Session.

Rationale:  All matters listed under the Consent Section are considered to be routine and will be enacted by one motion.  There will be no separate discussion of these items.  If discussion is desired, the item(s) will be considered at the end of the Consent Section.

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Approve that all legal requirements have been met as to advance notice of this meeting to both individual Board Members and to the public.

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Approval of the agenda as published/revised.Note that items can be removed or amended from the published agenda at this time but additions can be made only through an emergency resolution.

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Joel Kerkman will give a presentation on Targeted Improvement Plan.

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Kent Speicher, a partner with Erickson & Brooks, will present and discuss the annual audit.

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Over the past several months, Fremont Public Schools has been working with D.A. Davidson to review and evaluate potential savings that would be realized by refinancing our current General Obligation Build America Bonds, Series 2010 and Limited Tax Build America Bonds, Series 2010 in an effort to take advantage of the current low interest rates and to realize savings over the life of the bonds.  

Full text of Bond Resolution, as prepared by bond counsel, is attached.

We are recommending:

• RESOLUTION AUTHORIZING AND DIRECTING THE ISSUANCE, SALE AND DELIVERY OF GENERAL OBLIGATION REFUNDING BONDS IN AN AMOUNT NOT TO EXCEED $10,000,000 FOR THE PURPOSE OF REFUNDING THE DISTRICT’S OUTSTANDING GENERAL OBLIGATION BUILD AMERICA BONDS, SERIES 2010, AND RELATED MATTERS; and
  
  
• RESOLUTION AUTHORIZING AND DIRECTING THE ISSUANCE, SALE AND DELIVERY OF LIMITED TAX GENERAL OBLIGATION REFUNDING BONDS IN AN AMOUNT NOT TO EXCEED $13,900,000 FOR THE PURPOSE OF REFUNDING THE DISTRICT’S OUTSTANDING LIMITED TAX BUILD AMERICA BONDS, SERIES 2010, AND RELATED MATTERS.

Cody Wickham of D.A. Davidson will be present at our Board Meeting to bring you up to date on the potential refinancing and to answer any questions.