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Dickinson Public Schools Unapproved Special School Board Meeting Minutes Wednesday, March 17, 2021, 5:30 p.

Dickinson Public Schools
Unapproved Special School Board Meeting Minutes
Wednesday, March 17, 2021,
5:30 p.m.
Zoom Webinar
The Dickinson Public School Board held a Special Board Meeting on March 17, 2021, via Zoom Webinar. Board members present were: Board President Brent Seaks, Vice President Kim Schwartz, Board Member Michelle Orton, Board Member Jason Rodakowski, and Board Member David Wilkie. Others present were: Superintendent Dr. Shon Hocker, Assistant Superintendent Keith Harris, Business Manager Stephanie Hunter, Community Relations Coordinator Sarah Trustem, PFM Financial Advisors Senior Managing Consultant Anne Wuollet via conference call, and School Board Secretary Twila Petersen.
Call to Order - Board President Seaks called the meeting to order at 5:30 p.m.
Public Participation - There were no requests for public participation.
Business Topic - Action Topic
Resolution Authorizing Issuance of General Obligation School Building Refunding Bonds Taxable Series 2021 - Available on the school board website utilizing BoardDocs are posted several documents. These documents are the Resolution Authorizing Issuance of General Obligation School Building Refunding Bonds, the Moody's Investment Group credit opinion for the District, results of the sale, final schedules, bid form underwriter schedule, posting of the distribution list, and the Committee on Uniform Security Identification Procedures (CUSIP) Global Services confirmation notice.
President Seaks invited Business Manager Hunter to address the Board and provide some background information on this agenda topic. Mrs. Hunter explained the resolution for consideration was to accept the bid on refinancing the existing bond. Refinancing the bond would lessen the burden of the debt that the District pays by approximately $419,209 over the course of the next 12 years. The resolution was not requesting to extend the timeframe for the existing bond; it was taking advantage of lower interest rates.
Mrs. Schwartz moved to approve the resolution awarding the bonds to the winning bidder, Piper Sandler & Co., as presented. Mrs. Orton seconded the motion. A roll call vote was taken on the motion: ayes-5 (Rodakowski, Wilkie, Orton, Schwartz, Seaks); nays-0; absent-0. The motion carried unanimously.
Adjournment - At 5:39 p.m., President Seaks declared the meeting adjourned.
Brent Seaks, Board President
Stephanie Hunter, Business Manager
Twila Petersen, Board Secretary
(March 31, 2021) 2881044