Board Minutes - 2021.03.30

BOARD OF DIRECTORS

NORTH LINN COMMUNITY SCHOOL DISTRICT

Special Meeting 2:30 pm

North Linn District Office

3033 Lynx Drive

Troy Mills, Iowa

March 30, 2021

1. Call to Order

            President, TJ Ries, called the meeting to order at 2:30 PM

2. Call the Roll

            Present via Zoom were Directors Hoover, J Benesh, Haughenbury, Superintendent Hoeger & Secretary Peyton. Director Boss was present via phone. Also present via Zoom was Matt Gillaspie with Piper Sandler. Directors Helms & R Benesch were absent. 

3. Approve Meeting Agenda

            It was moved by Haughenbury, seconded by J Benesh to approve the agenda as presented. Motion carried 5-0.

4. Receive Visitors / Public Forum

            There were no visitors

5. Approximately $3,263,000 School Infrastructure Sales, Services and Use Tax Revenue Refunding Bonds, Series 2021
   
   1. Consideration of Financing Proposals Opened and Reviewed by the Superintendent, Board Secretary and the Placement Agent

            Matt Gillaspie with Piper Sandler gave an overview of the bid that was received to refinance the SAVE Bond and gave information about starting the bidding process over if that option was chosen.

1. 2. Resolution Directing Sale

            It was moved by Haughenbury, seconded by Boss to adopt the resolution directing the sale of Approximately 3,263,000 School Infrastructure Sales, Services and use Tax Revenue Refunding Bonds, Series 2021 to Hills Bank. Roll call vote: Ayes; Hoover, J Benesh, Haughenbury, Boss, Ries. Nays; None.

6. Adjourn

            The time being 2:50 PM it was moved by Haughenbury, seconded by J Benesh to adjourn the meeting. Motion carried 5-0.

 

_______________________________                      _____________________________

Kerry Peyton, Board Secretary                                   TJ Ries, Board President