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BUSINESS ITEMS:
A. The Board was 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. This was not needed.
B. The Board was to receive bids for the $9,920,000 Taxable Combined Purpose Building Bonds of this School District and take action to award bonds to the lowest bidder. The board motioned and accepted the bid from UMB at 5.3755% dated July 1, 2024.
C. Discuss and take possible action regarding a resolution providing for the issuance of taxable combined purpose building bonds in the sum of $9,920,000 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 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. The Board motioned to authorize the issuance of taxable combined purpose building bonds in the sum of $9,920,000.
D. The Board was to receive bids for the $2,450,000 General Obligation Combined Purpose Bonds of this School District and take action to award bonds to the lowest bidder. The board motioned the accept the low bid from Bank of Oklahoma at 4.582% on the sale of $2,450,000 General Obligation Combined Purpose Bonds.
E. Discuss and take possible action regarding a resolution providing for the issuance of General obligation combined purpose bonds in the sum of $2,450,000 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 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. The Board authorized this action.
F. Discuss and take possible action regarding General Fund Refund Activity Account Creation. The Board approved this action unanimously.
PRESENTATIONS:
Presentation of Insured Cash Sweep and Certificate of Deposit Account Registry Services with F&M Bank by Nok Thatvihane and Eric Anderson
ACTION ITEM:
A. Discuss and take possible action to approve the Chief Financial Officer and Superintendent entering into a sweep account agreement dated May 2, 2024, with F&M Bank for District bank accounts. Jerrod Moser motioned to approve this action. The board unanimously voted yes.
EXECUTIVE SESSION:
A. The board of education moved to convene into executive session at 12:48 p.m.
B. The board returned to open session at 1:56 p.m.
C. The board entered into executive session at 12.48 p.m. for the purpose of:
1. Discussion of employment as listed on Attachment A. 25 O.S. § 307(B)(1)
2. Discussion of possible purchase and acquisition of real property. 25 O.S. § 307 (B)(3)
3. Confidential communication with legal counsel regarding a pending matter or action on the advice of legal counsel that disclosure would seriously impair the ability of the board to process or resolve the matter or action, or could result in the disclosure of information that is confidential under state or federal law, in the public interest. 25 O.S. Sec. 307(B)(4) and (B)(7).
Those present in executive session were: Layne Jones, Katie Cornman, Derek Jones, Jerrod Moser, Neal Cast, Dr. Drew Eichelberger, Patricia Balenseifen, Lisa Campbell, and legal counsel, Andy Fugitt, Center for Education Law.
No Action Was Taken.
ACTION ITEMS:
A. The board unanimously approved employment as listed on Attachment A.
B. The board unanimously approved the acquisition of real property.
NEW BUSINESS:
There was no new business.
ADJOURNMENT:
The meeting adjourned at 1:58 p.m.
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