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Dickinson Public Schools Unapproved Special School Board Meeting Minutes Wednesday, March 3, 2021, 11:50 a.

Dickinson Public Schools
Unapproved Special School Board Meeting Minutes
Wednesday, March 3, 2021,
11:50 a.m.
Professional Learning Lab
The Dickinson Public School Board held a Special Board Meeting on March 3, 2021, at the Professional Learning Lab. Board members present were: Board President Brent Seaks, Board Member Michelle Orton, Board Member Jason Rodakowski, Board Member David Wilkie, and Board Vice President Kim Schwartz via conference call. Others present were: Superintendent Shon Hocker, Assistant Superintendent Keith Harris, Business Manager Stephanie Hunter, Community Relations Coordinator Sarah Trustem, Board Secretary Twila Petersen, and Ms. Fern Pokorny.
Call to Order - Board President Seaks called the meeting to order at 11:56 a.m.
Business Topic - Action Topic
Resolution Providing for the Sale of General Obligation School Building Refunding Bonds, Taxable Series 2021 - Available on the school board website utilizing BoardDocs is posted the Resolution Providing for the Sale of General Obligation School Building Refunding Bonds. President Seaks explained this topic was a recommendation from yesterday's Budget Input and Development Committee Meeting. Mr. Rodakowski moved to adopt the Resolution Providing for the Sale of the General Obligation School Building Refunding Bonds, Taxable Series 2021, in the amount of approximately $8,515,000, as presented. Mrs. Orton seconded the motion. Discussion: Business Manager Hunter addressed the Board. She explained the resolution for consideration was an opportunity for the District to refund its current bond. The length of the term would not change. The current interest rate is 3.5%. Refunding is similar to refinancing and the District could refund from 3.5% down to 1.5% with a savings of approximately $513,000. A roll call vote was taken on the motion: ayes-5 (Schwartz, Orton, Wilkie, Rodakowski, Seaks); nays-0; absent-0. The motion carried unanimously.
Resolution Authorizing the Participation in the School District Bonds Credit Enhancement Program - Available on the school board website utilizing BoardDocs is posted the Resolution Providing for Participation in School Bond Credit Enhancement Program. Mr. Rodakowski moved to approve the resolution providing for participation in the School Bond Credit Enhancement Program as presented. Mrs. Orton seconded the motion. Discussion: Business Manager Hunter addressed the Board. She said the credit enhancement program is run from the state and essentially provides assurances the District is in good standing. She added it was a prerequisite to refund any funds. A roll call vote was taken on the motion: ayes-5 (Wilkie, Orton, Rodakowski, Schwartz, Seaks); nays-0; absent-0. The motion carried.
Adjournment - At noon, President Seaks declared the meeting adjourned.
Brent Seaks, Board President
Stephanie Hunter, Business Manager
Twila Petersen, Board Secretary
(March 10, 2021) 2878890