January 30, 2009 (Special Meeting)

MINUTES:  BOARD OF EDUCATION--Special Meeting

January 30, 2009

 

The meeting of the Board of Education was called to order by Board President, Barbara Shull, with the following members present: Stuart Crossen, Susan Jaquish, Ivan Erway, Frank Kollar, and Gloria Schwab (via speaker phone).

 

Also present were Messrs: Kalata, Rakoski, Mrs. Crowell, and interested teachers and citizens.

 

Mr. Kalata welcomed the Board and thanked them for participating in the special meeting.  He indicated that he will attempt to schedule a Building and Grounds Committee meeting in February to address the Feasibility Study.

 

The Administration recommended Board approval of an agreement between the Liberty Area Municipal Authority and the Southern Tioga School District to resolve a dispute regarding the assessment of EDU’s and related matters. On motion of Mrs. Jaquish and second of Mr. Kollar the Board voted 6 to 0, by roll call, to approve the recommendation. (EXHIBIT)

 

The Administration recommended Board approval of the exhibited bill list. On motion of Mr. Kollar and second of Mr. Crossen the Board voted 6 to 0, by roll call, to approve the recommendation. (EXHIBIT)

 

The Administration recommended Board approval of a resolution to issue Series of 2009 Bonds to carry out the refunding of outstanding Series of 2003 Bonds and Series of 2005 General Obligation Note.  A motion was made by Mr. Erway and seconded by Mr. Kollar to approve the resolution. Following discussion the motion was amended to include changes for all dates to be uniform.  The amended motion carried by a roll call vote of 6 to 0. (EXHIBIT)

 

The Administration recommended Board approval of a resolution authorizing the Administration to terminate a Swap resolution with J.P. Morgan. A motion was made by Mrs. Jaquish and seconded by Mr. Kollar to approve the resolution.  Following discussion the motion was amended by Mr. Kollar and seconded by Mr. Crossen to include the wording “so long as such termination fee paid shall not exceed $100,000.”  The amended motion carried by a roll call vote of 5 to 0. (EXHIBIT)

 

On motion of Mrs. Jaquish and second of Mr. Kollar the Board voted 6 to 0 to adjourn the meeting.

 

Respectfully Submitted

___________________

James J. Rakoski, Board Secretary