Follow Main Street Monroe: Facebook Google+ Twitter

 
Agenda for Monroe Local School District
Monday, August 25, 2008 11:02:34 AM - Monroe Ohio
MONROE LOCAL SCHOOL DISTRICT
231 Macready Avenue
Monroe, Ohio 45050


REGULAR MEETING
August 25, 2008
7:00 p.m.
Monroe Elementary Cafeteria

I.    CALL TO ORDER -     Mr. Tom Leeds, President
A.    Roll Call
1.    Tom Birdwell        _____
2.    Mike Irwin        _____
3.    Mike Lane        _____
4.    Tom Leeds        _____
5.    Chris Snyder        _____    

B.    Pledge of Allegiance

II.    CONSENT AGENDA – Mr. Tom Leeds, President
Recommend the Board approve the Consent Agenda
Move:            _____
Second:            _____

1.    Tom Birdwell        _____
2.    Mike Irwin        _____
3.    Mike Lane        _____
4.    Tom Leeds        _____
5.    Chris Snyder        _____

III.    COMMUNICATIONS
A.    Comments from the Public

IV.    TREASURER’S BUSINESS – Mrs. Kelley Thorpe
Recommend the Board approve the minutes and other Treasurer’s business as listed.
A.    MINUTES of the Regular Meeting of  August 11, 2008 Att. 1

B.    MONTHLY FINANCIAL REPORT, July 2008. Att. 2

MOTION: _____
SECOND:    _____

Birdwell A/N    Irwin A/N      Lane A/N      Leeds A/N     Snyder A/N
Approved    _____         Not Approved   _____     Other Action   _____

C.    RESOLUTION AUTHORIZING THE BOARD OF EDUCATION OF MONROE LOCAL SCHOOL DISTRICT, OHIO TO ENTER INTO A LEASE-PURCHASE AGREEMENT DATED AS OF AUGUST 27, 2008 BY AND BETWEEN FIFTH THIRD BANK AND THE MONROE LOCAL SCHOOL DISTRICT, OHIO TO FINANCE ROOF RENOVATIONS TO THE MONROE PRIMARY SCHOOL BUILDING FOR THE MONROE LOCAL SCHOOL DISTRICT AND AUTHORIZING OTHER DOCUMENTS IN CONNECTION THEREWITH.

WHEREAS, the Board of Education of Monroe Local School District, Counties of Butler and Warren, Ohio (the “District”) desires to finance roof renovations to the Monroe Primary School Building in the District (the “Project”); and

WHEREAS, the financing and leasing of the Project will be in the best interest of the District; and

WHEREAS, Fifth Third Bank ("Fifth Third") has agreed to purchase and/or finance the Project and to lease the Project to the District; and

WHEREAS, the District has agreed to lease the Project from Fifth Third Bank; and

WHEREAS, the District and Fifth Third Bank have agreed to enter into a Lease-Purchase Agreement dated as of August 27, 2008 (the “Agreement”) as a means to finance the acquisition of the Project; and

NOW THEREFORE, IT IS RESOLVED BY THE BOARD OF EDUCATION OF THE MONROE LOCAL SCHOOL DISTRICT, COUNTIES OF BUTLER AND WARREN AND STATE OF OHIO, THAT:

SECTION 1. That for the purpose of financing roof renovations for the District, this Board hereby determines that it shall lease, under the Agreement, the Project from Fifth Third Bank.

SECTION 2. That the Agreement hereby authorized includes a statement to the effect that the District’s obligations thereunder, are not general obligations, debt or bonded indebtedness of the District or of the State or any political subdivision thereof, and Fifth Third Bank has no right, to have excises or taxes levied by the District or the State or any political subdivision thereof, for the payment of rental payments thereunder and that the right of such payment is limited to the rentals and other revenues pledged for such purpose under the Agreement and such statement is true and correct as it applies to the Agreement.

SECTION 3. That the District is authorized to lease the Project from Fifth Third Bank.

SECTION 4. That, for the purpose of providing for the Project and payment of costs of issuance to the District, this Board hereby authorizes and directs the Board President and the Treasurer of the District, to execute, on behalf of the District, the Agreement and any exhibits thereto, in a total principal amount not to exceed $365,000 at an interest rate of four and twenty-seven hundredths percent (4.27%) per annum, pursuant to the Agreement, substantially in the form presented to the Board and on file with the Treasurer of the Board and the agreements, covenants and promises therein made on behalf of the District shall be conclusively binding on the District and in full force and effect from and after the execution of the Agreement.
SECTION 5. That this Board hereby authorizes and directs the Treasurer of the District, to execute and deliver a non-arbitrage certificate and such other documents and certificates and to do all the acts and things required of it by the provisions of the Agreement to the end that full and complete performance of all of the terms, covenants and provisions of the Agreement shall be effected.

SECTION 6. That the Agreement, and other documents and certificates authorized by this ordinance shall be subject to such changes, insertions and omissions, and approval of any changes, insertions and omissions shall be conclusively evidenced by the execution of said documents by the Board President and the Treasurer of the District, or any one of them.

SECTION 7. That this Board hereby covenants that it will take such actions in such manner and to such extent, if any, as may be necessary to cause the interest component of rental payments under the Agreement to be and remain excludable from gross income for federal income tax purposes. This Board will also submit the appropriate statements or filings to the Internal Revenue Service containing the information required by the Internal Revenue Code, including IRS Form 8038G.

SECTION 8. That, the obligations under the Agreement are hereby designated “qualified tax-exempt obligations” for the purpose set forth in Section 265 of the Internal Revenue Code. The District does not anticipate issuing more than $10,000,000 of qualified tax-exempt obligations during the calendar year 2008.

SECTION 9. This Board hereby approves the issuance of the obligations for the financing of the Project.

SECTION 10. That it is found and determined that all formal actions of this Board concerning and relating to the adoption of this resolution were taken in an open meeting of this Board, and that all deliberations of this Board, and of any of its committees that resulted in such formal action were in meetings open to the public, in compliance with all legal requirements including Section 121.22, Ohio Revised Code, and the rules of this Board adopted in accordance therewith.

SECTION 11. That all resolutions or parts thereof in conflict with the provisions of the resolution are, to the extent of such conflict, hereby repealed.

SECTION 12. That this Resolution shall become and be in full force and effect immediately effective from and after its adoption.

MOTION:    _____

SECOND:    _____

Birdwell A/N    Irwin A/N      Lane A/N      Leeds A/N     Snyder A/N

Approved    _____         Not Approved   _____     Other Action   _____

V.    SUPERINTENDENT’S BUSINESS – Dr. Elizabeth Lolli
Recommend the Board approve items as listed.
A.    PERSONNEL

1.    To approve the non-certificated resignations listed. Att. 3B
2.    To approve the certificated contract adjustments as listed. Att. 4A

3.    To approve the non-certificated contract adjustments as listed. Att. 4B

4.    To approve hiring the certificated personnel listed. Att. 5A

5.    To approve hiring non-certificated personnel listed. Att. 5B

6.    To approve supplemental resignations listed. Att. 6A & 6B

7.    To approve certificated supplemental contracts.  Att. 7A

MOTION:    _____

SECOND:    _____

Birdwell A/N    Irwin A/N      Lane A/N      Leeds A/N     Snyder A/N

Approved    _____         Not Approved   _____     Other Action   _____


B.    SUPERINTENDENT’S OTHER BUSINESS
Recommend that the Board approve other Superintendent’s business as listed.

1.    To approve the PreK-12 Notification Service Contract, $2,850 per year.

2.    To approve bus routes, given to board members earlier.

MOTION:    _____

SECOND:    _____

Birdwell A/N    Irwin A/N      Lane A/N      Leeds A/N     Snyder A/N

Approved    _____         Not Approved   _____     Other Action   _____

VI.    INFORMATIONAL
A.    September 10 – Architect’s Review LMHS

VII.    DISCUSSION AND COMMENTS FROM THE BOARD
A.    Legislative
B.    Student Achievement
C.    Finance
D.    Facilities
E.    Butler Tech
G.    MEA
VIII.    OTHER BUSINESS
A.    EXECUTIVE SESSION -  O.R.C. 121.22
For the following:
1.    The appointment, employment, dismissal, discipline, promotion, demotion, or compensation of public employees or regulated individuals, or the investigation of charges or complaints against a public employee or regulated individual unless such person requests a public hearing
MOTION:    _____

SECOND:    _____

Birdwell A/N    Irwin A/N      Lane A/N      Leeds A/N     Snyder A/N

Approved    _____         Not Approved   _____     Other Action   _____


IX.    ADJOURNMENT
MOTION:    _____

SECOND:    _____

Birdwell A/N    Irwin A/N      Lane A/N      Leeds A/N     Snyder A/N

Approved    _____         Not Approved   _____     Other Action   _____


                    Sincerely,



                    Elizabeth J. Lolli, Ph.D.
                    Superintendent

The Voice | Weather | Advertisers | Advertising Information | Lending Library | Monroe Church Directory

Archived Monroe News From: 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012

Website Design © Xponex Web and Media Services | Contact | Terms of Use | Copyright ©2017 MainStreetMonroe.com