HomeMy WebLinkAbout09-14-2015 Minutes Special Meetingr�
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3497 North Ammon Road, Idaho Falls, Idaho, 83401 (208) 525-4400 C' Fax (208) 529-0104 s www.d93schools.org
Dr. Charles J. Shackett, Superintendent Marjean McConnell, Deputy Superintendent Scott Woolstenhulme, Assistant Superintendent
Special Meeting
Monday, September 14, 2015 at 12:30 PM
District Board Room
Call to Order Chairman McBride called the meeting to order at 12:35 p.m.
II. Roll Call
Chairman Brian McBride
present
Vice Chairman Paul Jenkins
present
Treasurer Amy Landers
excused
Trustee Jeff Bird
excused
Trustee Greg Calder
present
III. Welcoming of Delegates and Visitors
Others in attendance were Superintendent Dr. Charles Shackett, Deputy Superintendent Marjean
McConnell, Assistant Superintendent Scott Woolstenhulme, Director of Human Resources Dr.
Shalene French, Chief Financial/Operations Officer April Burton, Director of Safe Schools,
Maintenance & Operations John Pymm, Public Relations and Communications Phil Campbell,
Rocky Mountain Middle School Vice Principal Thomas Kennedy, Renee Cook, and Board Clerk
Mary Mortenson.
IV. Bond Resolution Clarification
Nicholas G. Miller of Hawley Troxell Ennis & Hawley LLP and Chelsea Porter, his associate joined
us via phone conference. The purpose of this meeting was to clarify the ballot language for the
Proposed Bond Resolution #6. Deputy Superintendent McConnell explained that we had been
notified by Bonneville County Election Office that the language on the two question tiered ballot
was not very clear. The ballot cannot be changed by the Election officials, but the Board can revise
it as necessary. The Board wants to be as clear as we can be so the voters know what each
question is asking. It was discussed that a simple descriptive header could be added to each
question:
Question #1: Question #2:
High School Auditorium and Athletic Stadium
This is not required; however it will help clarify the language of the ballot. The context of the
Proposed Bond Resolution #6 will not be changed. All amended documents will be updated with
today's date, September 14, 2015, as adopted by the Board on September 9, 2015.
Chairman McBride asked for a motion to amend adopted resolution as written.
MOTION: Greg Calder motioned to amend adopted resolution as written, Question #1: High
School and Question #2: Auditorium and Athletic Stadium. Paul Jenkins seconded. The vote was
all in favor, 3-0, with two abstentions. Motion carried.
Once the official ballot is received from the Election's office, we can start educating the public
about the bond.
Board of Trustees 1> Brian McBride ', Paul Jenkins `' Amy Landers `- Jeff Bird ' Greg Calder
V. Call for Agenda Items for Upcoming Meetings
A. Work Session - BHS Student Council - September 16, 2015 - 11:30 a.m.
B. Work Session - HHS Student Council - September 30, 2015 - 11:30 a.m.
VI. Adiournment —
Chairman McBride asked for a motion to adjourn.
MOTION: Paul Jenkins made a motion to adjourn. Greg Calder seconded. Motion carried.
Meeting adjourned at 12:57.
Date: ��
PROPOSAL 3: TWO QUESTIONS BALLOT
BOND ELECTION RESOLUTION
A RESOLUTION CALLING A SPECIAL ELECTION TO BE
HELD FOR THE PURPOSE OF SUBMITTING TO THE
QUALIFIED ELECTORS OF JOINT SCHOOL DISTRICT NO.
93, BONNEVILLE AND BINGHAM COUNTIES, STATE OF
IDAHO, TWO PROPOSITIONS RELATING TO THE
ISSUANCE OF UP TO A TOTAL OF $63,500,000
NEGOTIABLE BONDS OF JOINT SCHOOL DISTRICT NO. 93,
BONNEVILLE AND BINGHAM COUNTIES, STATE OF
IDAHO, AND IN PROVIDING FOR THE ISSUANCE OF SUCH
BONDS, THE LEVY OF A TAX TO PAY SUCH BONDS.
WHEREAS, Joint School District No. 93, Bonneville and Bingham Counties, State of
Idaho (the "District"), is a school district created and operating under the laws of the State of
Idaho; and
WHEREAS, the costs of acquisition, construction, furnishing and equipping of certain
new facilities, as specifically described in the form of ballot set forth herein (such expenditures
being herein referred to collectively as the "Project") are deemed by the Board of Trustees of the
District to be required for the welfare of the District; and
WHEREAS, the District does not have sufficient funds available to pay the cost of the
Project and has determined it advisable to finance such cost through the issuance of general
obligation bonds of the District pursuant to the provisions of chapter 11 of Title 33 of the Idaho
Code, and in order to do so desires to call a special election to be held pursuant to Chapter 14,
Title 34 of the Idaho Code.
NOW, THEREFORE, BE IT RESOLVED by the Board of Trustees of the District as
follows:
Section 1. That a Special General Obligation Bond Election (the "Bond Election") is
hereby called to be held in the District on Tuesday, November 3, 2015, for the purpose of
submitting to the qualified electors of the District the proposition set forth in the form of ballot
appearing in Section 5 hereof.
Section 2. That the District hereby determines that the outstanding amount of all bonded
indebtedness of the District, including the bonds proposed under this Resolution, will not exceed
RESOLUTION - 1
04346.0021.7627834.6
five percent (5%) of the market value for assessment purposes of all taxable property within the
District on the tax rolls completed and available as of the date of the Bond Election.
Section 3. That pursuant to Section 34-1401, Idaho Code, the Clerk of Bonneville
County, Idaho (the "Bonneville Clerk") shall administer and coordinate the Bond Election with
the Clerk of Bingham County, Idaho (the "Bingham Clerk"), including scheduling the polling
times; preparing and printing the ballots; preparing and publishing notice of the Bond Election
and the sample ballot; and conducting the Bond Election.
Section 4. That in compliance with Section 34-1406, Idaho Code, the Clerk of the District
shall notify the Bonneville Clerk and Bingham Clerk (collectively, the "County Clerks") that the
District has called the Bond Election by delivering to the County Clerks a copy of this
Resolution, including the form of the ballot for the Bond Election set forth in Section 5 hereof
and the form of the notice of the Bond Election set forth in Section 6.
Section 5. That the District hereby approves the following form of ballot for purposes of
the Bond Election:
(Form of Official Ballot)
OFFICIAL BALLOT
SPECIAL GENERAL OBLIGATION BOND ELECTION
JOINT SCHOOL DISTRICT NO. 93,
BONNEVILLE AND BINGHAM COUNTIES, STATE OF IDAHO
November 3, 2015
Question No. 1:
High School
Shall the Board of Trustees of Joint School District No. 93, Bonneville and Bingham Counties,
State of Idaho (the "Board"), be authorized to issue general obligation school bonds of said
District, in one or more series, in the principal amount not to exceed $55,300,000 for the purpose
of financing the costs of acquisition, construction, furnishing and equipping of a new high
school, including all relevant lighting, heating, ventilation and sanitation facilities and appliances
necessary to maintain and operate the foregoing building and facilities, such series of bonds to
become due in such installments as may be fixed by the Board, the final installment of each
series to fall due not later than seventeen and one-half (17.5) years from the date of issuance of
the series of bonds, all as provided in the Bond Election Resolution adopted by the Board on
September 14, 2015?
The following information is required by Section 34-439, Idaho Code:
The project to be financed by the sale of the proposed bonds is the costs of
acquisition, construction, furnishing and equipping of a new high school,
including all relevant lighting, heating, ventilation and sanitation facilities and
RESOLUTION - 2
04346.0021.7627834.6
appliances necessary to maintain and operate the foregoing building and facilities.
The date of the District's special general obligation bond election is November 3,
2015. The principal amount of the proposed bonds to be issued is $55,300,000 to
be repaid not later than seventeen and one-half (17.5) years from the date of
issuance thereof.
The interest rate anticipated on the proposed bond issue, based upon current
market rates, is three and thirty five -hundredths percent (3.35%) per annum. The
total amount to be repaid over the life of the bonds, based on the anticipated
interest rate, is $61,864,000 consisting of $55,300,000 in principal and
$22,030,000 of interest, totaling $77,330,000, less $15,466,000 in estimated bond
levy equalization payments.
As of November 3, 2015, the total existing bonded indebtedness of the District,
including interest accrued, is $50,748,472.
IN FAVOR of issuing bonds in the principal amount not to
exceed $55,300,000 for the purposes stated in the bond election El
resolution
AGAINST issuing bonds in the principal amount not to exceed El
$55,300,000 for the purposes stated in the bond election
resolution
Question No. 2:
Auditorium and Athletic Stadium
Shall the Board of Trustees of Joint School District No. 93, Bonneville and Bingham Counties,
State of Idaho (the "Board"), be authorized to issue general obligation school bonds of said
District, in one or more series, in the principal amount not to exceed $8,200,000 for the purpose
of financing the costs of acquisition, construction, furnishing and equipping, in conjunction with
a new high school if approved by the electors of the District under Question No. 1 above, of an
auditorium and an athletic stadium, including all relevant lighting, heating, ventilation and
sanitation facilities and appliances necessary to maintain and operate the foregoing building and
facilities, such series of bonds to become due in such installments as may be fixed by the Board,
the final installment of each series to fall due not later than seventeen and one-half (17.5) years
from the date of issuance of the series of bonds, all as provided in the Bond Election Resolution
adopted by the Board on September 14, 2015?
The following information is required by Section 34-439, Idaho Code:
The project to be financed by the sale of the proposed bonds is the costs of
acquisition, construction, furnishing and equipping, in conjunction with a new
high school if approved by the electors of the District under Question No. 1
RESOLUTION - 3
04346.0021.7627834.6
form:
above, of an auditorium and an athletic stadium, including all relevant lighting,
heating, ventilation and sanitation facilities and appliances necessary to maintain
and operate the foregoing building and facilities. The date of the District's special
general obligation bond election is November 3, 2015. The principal amount of
the proposed bonds to be issued is $8,200,000 to be repaid not later than
seventeen and one-half (17.5) years from the date of issuance thereof.
The interest rate anticipated on the proposed bond issue, based upon current
market rates, is three and thirty five -hundredths percent (3.35%) per annum. The
total amount to be repaid over the life of the bonds, based on the anticipated
interest rate, is $9,008,000 consisting of $8,200,000 in principal and $3,060,000
of interest, totaling $11,260,000, less $2,252,000 in estimated bond levy
equalization payments.
As of November 3, 2015, the total existing bonded indebtedness of the District,
including interest accrued, is $50,748,472.
IN FAVOR of issuing bonds in the principal amount not to
exceed $8,200,000 for the purposes stated in the bond election
resolution
AGAINST issuing bonds in the principal amount not to exceed
$8,200,000 for the purposes stated in the bond election
resolution
(End Form of Official Ballot)
Section 6. The Notice of Special Bond Election shall be in substantially the following
NOTICE OF SPECIAL GENERAL OBLIGATION BOND ELECTION
Pursuant to the laws of the State of Idaho and the Bond Election Resolution of the Board of
Trustees of Joint School District No. 93, Bonneville and Bingham Counties, State of Idaho (the
"District"), adopted on September 14, 2015, notice is hereby given that a Special General
Obligation Bond Election will be held in the District on Tuesday, November 3, 2015, beginning
at the hour of 8:00 A.M. and closing at the hour of 8:00 P.M. on said date, on the questions
(1) whether the District shall be empowered to issue general obligation school bonds of said
District in the principal amount not to exceed $55,300,000, in one or more series, to be repaid
not later than seventeen and one-half (17.5) years from the date of issuance thereof ("Question
No. 1 "), and (2) whether the District shall be empowered to issue general obligation school
bonds of said District in the principal amount not to exceed $8,200,000, in one or more series, to
be repaid not later than seventeen and one-half (17.5) years from the date of issuance thereof
("Question No. 2").
RESOLUTION - 4
04346.0021.7627834.6
Said election shall be held at the regular polling places for elections in Bonneville and Bingham
Counties, Idaho, [or by mail], as indicated below:
[County Clerk to insert Polling Places
and Absentee Voting Material]
The following information with respect to Question No. I is required by Section 34-439,
Idaho Code:
The project to be financed by the sale of the proposed bonds is the costs of
acquisition, construction, furnishing and equipping of a new high school,
including all relevant lighting, heating, ventilation and sanitation facilities and
appliances necessary to maintain and operate the foregoing building and facilities.
The date of the District's special general obligation bond election is November 3,
2015. The principal amount of the proposed bonds to be issued is $55,300,000 to
be repaid not later than seventeen and one-half (17.5) years from the date of
issuance thereof.
The interest rate anticipated on the proposed bond issue, based upon current
market rates, is three and thirty five -hundredths percent (3.35%) per annum. The
total amount to be repaid over the life of the bonds, based on the anticipated
interest rate, is $61,864,000 consisting of $55,300,000 in principal and
$22,030,000 of interest, totaling $77,330,000, less $15,466,000 in estimated bond
levy equalization payments.
As of November 3, 2015, the total existing bonded indebtedness of the District,
including interest accrued, is $50,748,472.
The following information with respect to Question No. 2 is required by Section 34-439,
Idaho Code:
The project to be financed by the sale of the proposed bonds is the costs of
acquisition, construction, furnishing and equipping, in conjunction with a new
high school if approved by the electors under Question No. 1 above, of an
auditorium and an athletic stadium, including all relevant lighting, heating,
ventilation and sanitation facilities and appliances necessary to maintain and
operate the foregoing building and facilities. The date of the District's special
general obligation bond election is November 3, 2015. The principal amount of
the proposed bonds to be issued is $8,200,000 to be repaid not later than
seventeen and one-half (17.5) years from the date of issuance thereof.
The interest rate anticipated on the proposed bond issue, based upon current
market rates, is three and thirty five -hundredths percent (3.35%) per annum. The
total amount to be repaid over the life of the bonds, based on the anticipated
RESOLUTION - 5
04346.0021.7627834.6
interest rate, is $9,008,000 consisting of $8,200,000 in principal and $3,060,000
of interest, totaling $11,260,000, less $2,252,000 in estimated bond levy
equalization payments.
As of November 3, 2015, the total existing bonded indebtedness of the District,
including interest accrued, is $50,748,472.
[End Form of Notice of Special General Obligation Bond Election]
Section 7. That if at the Bond Election two-thirds (2/3) of the qualified registered electors
of the District, eighteen (18) years of age or older who have resided in the District for thirty (3 0)
days, voting thereat assent to the issuance of bonds under Question No. 1 or under Question No. l
and Question No. 2, as certified by the County Clerks, the negotiable bonds of the District shall
be issued and mature not later than seventeen and one-half (17.5) years from the date of issuance
thereof, in accordance with the provisions of the Idaho Municipal Bond Act. Such issue will
create a new debt to finance the Project, as approved, in accordance with the provisions of
Section 33-1107, Idaho Code, payable from the proceeds of ad valorem taxes.
Section 8. That said negotiable bonds shall be issued if carried as aforesaid and payment
shall be made through the levy of taxes on all taxable property in the District, beginning in the
year principal and interest payments are due and continuing until principal and interest shall have
been fully paid in such amounts and at such rates as are necessary to assure the prompt payment
of such interest, and also to establish and to constitute a sinking fund sufficient for the payment
of the principal thereof as required by law, and it is hereby ordered that such payments shall be
certified and such taxes shall be levied annually at the time and in the manner as general taxes
for said District are levied in each such year; provided, however, that the aforementioned taxes
shall never be diminished prior to payment of all bonds excepting in any year to the extent that
other available funds shall have been applied to or set aside in a special fund to be irrevocably
held for the payment of principal or interest or both, payable from said taxes for such year. The
proper officer or officers of said District are hereby authorized and directed to do all things
requisite and necessary to carry out the provisions of this section and to apply the proceeds of the
taxes so collected to the payment of such principal and interest.
RESOLUTION - 6
04346.0021.7627834.6
ADOPTED AND APPROVED this 14th day of September, 2015.
BOARD OF TRUSTEES OF JOINT SCHOOL
DISTRICT NO. 93, BONNEVILLE AND
BINGHAM COUNTIES, STATE OF IDAHO
B
rian McBride, Chair
(SEAL)
ATTEST:
B4Ma
ry"MoeIns on, Clerk
RESOLUTION - 7
04346.0021.7627834.6