Fostoria City Schools

Home of the Redmen

2014-04-21 - Board Minutes

The Fostoria Board of Education met for a regular meeting at 6:00 p.m. on Monday,
April 21, 2014 at the Fostoria Junior/Senior High School.

The meeting was called to orde by President Anthony Thompson with the following members present: Mr.Grine, Dr. Guernsey, Mr. Sheak, Ms. Stannard, and Mr. Thompson.

PLEDGE OF ALLEGIANCE & MOMENT OF SILENT REFLECTION
Led by Riley Elementary School Students

RECOGNITION OF SPECIAL GUESTS

1. Riley Elementary School "Most Improved":
(a) Myasia Cannon
(b) Myliana Bernal
(c) Landon Mason
(d) Jayli Worth
(e) Vanessa Wilson
(f) Brandan Wikel
(g) Daniel Wright, Jr.
(h) Ella Gallagher
(i) Nick Woerner
(j) Keegan Seaburn
(k) Siniah James
(l) Cruz Uballe
(m) Darius Edwards, Jr.
(n) Patrick Patterson

PUBLIC PARTICIPATION ON AGENDA ITEMS

ADMINISTRATIVE REPORTS
Norman M. Elchert, Treasurer
Andrew R. Sprang, Superintendent

MOTION NO. 14-033 POLICY COMMITTEE RECOMMENDATIONS:
Ms. Stannard moved to approve the first reading and consideration of a motion to adopt the new and revised Board Polices:

Policy Policy # Status
Elementary/Feeder Athletic Programs 2431.01 New
Use of District Facilities 7510 Revision
Appointment of Joint Vocational School District Board Bylaw - 0157 Revision
Executive Session Bylaw - 0166 Revision
Nondiscrimination and Equal Employment Opportunity 1422/3122/4122 New/Revision/Revision
Privacy Protection of Fully Funded Group Health Plans 1619.01/3419.01/4419.01 Revision/Revision/Revision
Section 504/ADA Prohibition against Disability Discrimination in Employment 1623/3123/4123 Revision/Revision/Revision
Nondiscrimination and Access to Equal Educational Opportunity 2260 Revision
Section 504/ADA Prohibition against Discrimination Based on Disability 2260.01 Revision
System Accounting 6800 New

*The above policies are available for review at the Administration Office, 1001 Park Avenue, Fostoria, OH 44830.

Mr. Grine seconded the motion and on roll call the vote was: Ms. Stannard, aye; Mr. Grine, aye; Dr. Guernsey, aye; Mr. Sheak, aye; and Mr. Thompson, aye. The president declared the motion passed.

MOTION NO. 14-034 POLICY 1520
Dr. Guernsey moved to approve the following revised Board Policy:

Policy Policy # Status
Employment of Administrators 1520 Revision

Ms. Stannard seconded the motion and on roll call the vote was: Dr. Guernsey, aye; Ms. Stannard, aye; Mr. Grine, aye; Mr. Sheak, aye; and Mr. Thompson, aye. The president declared the motion passed.

MOTION NO. 14-035 TREASURER RECOMMENDATIONS:
Mr. Sheak moved to approve the following Treasurer recommendations:

A. Motion to approve the minutes of the following Board of Education meetings:

1. Special Meeting of March 10, 2014
2. Regular Meeting of March 17, 2014 (as amended)

B. Motion to approve the following Financial Statements for March 2014 as submitted:
(1) Cash Reconciliation and Investment
(2) FINSUM (Financial Summary)
(3) General Fund Report
(4) Amended Certificate of Estimated Resources
(5) Appropriations Resolution

C. Motion to approve the agreement between Fostoria City Schools and the Local Government Services Section of the Office of the Auditor of State (LGS) to compile the basic financial statements for the Fostoria City Schools District for the fiscal year ending June 30, 2014.

D. Motion to approve the Business Class Service Agreement between Time Warner Cable and Fostoria City Schools as presented.

E. Motion to approve the following advance (return of advance):

From Acct To Acct Amount
Bonds 002 General Fund 001 $468,165.69

F. Motion to approve the service agreement between Fostoria City Schools and The Renhill Group effective the 2014-2015 school year to provide substitute personnel as needed.

Dr. Guernsey seconded the motion and on roll call the vote was: Mr. Sheak, aye; Dr. Guernsey, aye; Mr. Grine, aye; Ms. Stannard, aye; and Mr. Thompson, aye. The president declared the motion passed.

MOTION NO. 14-036 VISION INSURANCE
Mr. Sheak moved to approve Dr. Thomas Guernsey purchasing Vision Insurance (VSP) through the district (paying 100% of the premium for family coverage).
Ms. Stannard seconded the motion and on roll call the vote was: Mr. Sheak, aye; Ms. Stannrd, aye; Mr. Grine, aye; Dr. Guernsey, abstained, and Mr. Thompson, aye. The president declared the motion passed.

MOTION NO. 14-037 RESOLUTION NO. 14-04
Dr. Guernsey moved to approve the following resolution:

RESOLUTION NO. 14-04

A RESOLUTION PROVIDING FOR THE ISSUANCE AND SALE OF BONDS IN THE MAXIMUM PRINCIPAL AMOUNT OF $2,190,000 FOR THE PURPOSE OF REFUNDING AT A LOWER INTEREST COST CERTAIN OF THE SCHOOL DISTRICT'S OUTSTANDING SCHOOL IMPROVEMENT REFUNDING BONDS, SERIES 1999.

WHEREAS, at the election held on February 4, 1992, on the question of issuing general obligation bonds of the School District in the aggregate principal amount of $9,900,000 for the purpose of constructing, furnishing and equipping a new middle school, remodeling, improving, furnishing and equipping school facilities and improving school sites, and of levying taxes outside the ten mill limitation to pay the debt charges on those bonds and any anticipatory securities, the requisite majority of those voting on the question voted in favor of it; and

WHEREAS, pursuant to Resolution No. 92-7, adopted by this Board on March 16, 1992, the School District issued its $9,899,234.55 School Improvement Bonds, Series 1992, dated as of April 1, 1992, as to Current Interest Bonds and April 9, 1992, as to Capital Appreciation Bonds (the Series 1992 Bonds), for the purpose stated in Section 2; and

WHEREAS, pursuant to a resolution adopted by this Board on December 21, 1998 (the Original Bond Legislation), the School District issued its 9,023,504.80 School Improvement Refunding Bonds, Series 1999, dated as of January 1, 1999, as to Current Interest Bonds and January 27, 1999, as to Capital Appreciation Bonds for the purpose of refunding certain of the then-outstanding Series 1992 Bonds, which bonds are currently outstanding in the aggregate principal amount of $2,190,000 and will mature on December 1, 2016 (the Outstanding Bonds); and

WHEREAS, this Board finds and determines that it is necessary and in the best interest of the School District to refund at a lower interest cost all or a portion of the Outstanding Bonds (the Refunded Bonds); and

WHEREAS, this Board finds and determines that it is necessary and in the best interest of the School District to issue the Bonds described in Section 2 to provide funds sufficient for that purpose, including the payment of expenses properly allocable to that refunding and to the issuance of the Bonds; and
WHEREAS, the Treasurer, as fiscal officer of the School District, has certified that the estimated life or period of usefulness of the improvement described in Section 2 was, at the time of issuance of the Series 1992 Bonds, at least five years, and the maximum maturity of the Bonds described in Section 2 is not later than December 1, 2016;
NOW, THEREFORE, BE IT RESOLVED by the Board of Education of Fostoria City School District, Counties of Seneca, Hancock and Wood, Ohio, that:

Section 1. Definitions and Interpretation. In addition to the words and terms elsewhere defined in this Resolution, unless the context or use clearly indicates another or different meaning or intent:
"Authorized Denominations" means (subject to any limitations in Section 3) (a) with respect to Current Interest Bonds, the denomination of $100,000 or any whole multiple of $5,000 in excess thereof, and (b) with respect to Capital Appreciation Bonds, the denomination equal to the original principal amount that, when interest is accrued and compounded thereon on each Interest Accretion Date to the stated maturity of the Bonds, will equal a $100,000 Maturity Amount or any whole multiple of $5,000 in excess thereof.
"Bond proceedings" means, collectively, this Resolution, the Certificate of Award and such other proceedings of the School District, including the Bonds, that provide collectively for, among other things, the rights of holders and beneficial owners of the Bonds.
"Bond Purchase Agreement" means the Bond Purchase Agreement between the School District and the Original Purchaser, as it may be modified from the form on file with the Treasurer and signed by the Treasurer in accordance with Section 6.

"Bond Register" means all books and records necessary for the registration, exchange and transfer of Bonds as provided in Section 5.
"Bond Registrar" means the bank or trust company to be appointed in the Certificate of Award and pursuant to Section 4 as the initial authenticating agent, bond registrar, transfer agent and paying agent for the Bonds under the Bond Registrar Agreement and until a successor Bond Registrar shall have become such pursuant to the provisions of the Bond Registrar Agreement and, thereafter, "Bond Registrar" shall mean the successor Bond Registrar.

"Bond Registrar Agreement" means the Bond Registrar Agreement among the School District, the Bond Registrar and, if applicable, the Ohio Department of Education, as it may be modified from the form on file with the Treasurer and signed by the Treasurer in accordance with Section 4.

"Book entry form" or "book entry system" means a form or system under which (a) the ownership of book entry interests in Bonds and the principal of and interest on the Bonds may be transferred only through a book entry and (b) physical Bond certificates in fully registered form are issued by the School District only to a Depository or its nominee as registered owner, with the Bonds "immobilized" in the custody of the Depository or its agent. The book entry maintained by others than the School District is the record that identifies the owners of book entry interests in those Bonds and that principal and interest.

"Capital Appreciation Bonds" means any Bonds designated as such in the Certificate of Award, maturing in the years, being in the original principal amounts and having the Maturity Amounts set forth therein, and bearing interest accrued and compounded on each Interest Accretion Date and payable at maturity.

"Certificate of Award" means the certificate authorized by Section 6(a), to be signed by the Treasurer, setting forth and determining those terms or other matters pertaining to the Bonds and their issuance, sale and delivery as this Resolution requires or authorizes to be set forth or determined therein.
"Closing Date" means the date of physical delivery of, and payment of the purchase price for, the Bonds.
"Code" means the Internal Revenue Code of 1986, the Regulations (whether temporary or final) under that Code or the statutory predecessor of that Code, and any amendments of, or successor provisions to, the foregoing and any official rulings, announcements, notices, procedures and judicial determinations regarding any of the foregoing, all as and to the extent applicable. Unless otherwise indicated, reference to a Section of the Code includes any applicable successor section or provision and such applicable Regulations, rulings, announcements, notices, procedures and determinations pertinent to that Section.

"Compound Accreted Amount" means, with respect to any Capital Appreciation Bond, the original principal amount thereof plus interest accrued and compounded on each Interest Accretion Date to the date of maturity or other date of determination. The Compound Accreted Amount per $5,000 Maturity Amount of the Capital Appreciation Bonds of each maturity as of each Interest Accretion Date shall be set forth in the Certificate of Award. The Compound Accreted Amount of any Capital Appreciation Bond for each maturity as of any date other than an Interest Accretion Date is the sum of (a) the Compound Accreted Amount for such Bond on the immediately preceding Interest Accretion Date plus (b) the product of (i) the difference between (A) the Compound Accreted Amount of that Bond on the immediately preceding Interest Accretion Date and (B) the Compound Accreted Amount of that Bond on the immediately succeeding Interest Accretion Date, times (ii) the ratio of (C) the number of days from the immediately preceding Interest Accretion Date to the date of determination to (D) the total number of days from that immediately preceding Interest Accretion Date to the immediately succeeding Interest Accretion Date; provided, however, that in determining the Compound Accreted Amount of a Capital Appreciation Bond as of a date prior to the first Interest Accretion Date, the Closing Date shall be deemed to be the immediately preceding Interest Accretion Date and the original principal amount of that Capital Appreciation Bond shall be deemed to be the Compound Accreted Amount on the Closing Date.

"Current Interest Bonds" means any Bonds designated as such in the Certificate of Award, maturing in the years and bearing interest payable on each Interest Payment Date.

"Depository" means any securities depository that is a clearing agency under federal law operating and maintaining, with its Participants or otherwise, a book entry system to record ownership of book entry interests in Bonds or the principal of and interest on Bonds, and to effect transfers of Bonds, in book entry form, and includes and means initially The Depository Trust Company (a limited purpose trust company), New York, New York.

"Escrow Agreement" means the Escrow Agreement between the School District and the Escrow Trustee, as it may be modified from the form on file with the Treasurer and signed by the Treasurer in accordance with Section 8.
"Escrow Fund" means the Escrow Fund established pursuant to Section 9.

"Escrow Trustee" means the bank or trust company appointed pursuant to Section 8 as the initial escrow trustee with respect to the Refunded Bonds under the Escrow Agreement and until a successor Escrow Trustee shall have become such pursuant to the provisions of the Escrow Agreement and, thereafter, "Escrow Trustee" shall mean the successor Escrow Trustee.
"Interest Accretion Dates" means, unless otherwise determined by the Treasurer in the Certificate of Award, as to any Capital Appreciation Bonds, each June 1 and December 1, commencing June 1, 2014, in the years any Capital Appreciation Bonds are outstanding.
"Interest Payment Dates" means, unless otherwise determined by the Treasurer in the Certificate of Award, (a) as to Current Interest Bonds, June 1 and December 1 of each year that the Current Interest Bonds are outstanding, commencing December 1, 2014, and (b) as to any Capital Appreciation Bonds, their respective maturity dates.

"Maturity Amount" means, with respect to a Capital Appreciation Bond, the principal and interest due and payable at the stated maturity of that Capital Appreciation Bond.

"Original Purchaser" means the purchaser of the Bonds designated by the Treasurer in the Certificate of Award.

"Participant" means any participant contracting with a Depository under a book entry system and includes securities brokers and dealers, banks and trust companies, and clearing corporations.

"Principal Payment Dates" means, unless otherwise determined by the Treasurer in the Certificate of Award, December 1 in all or a portion of the years from and including 2014 to and including 2016, provided that in no case shall the total number of Principal Payment Dates exceed the maximum maturity of the Bonds referred to in the preambles hereto.

"Refunded Bonds" means those of the School District's outstanding School Improvement Refunding Bonds, Series 1999, dated as of January 1, 1999, and maturing on December 1, 2016, determined by the Treasurer in the Certificate of Award to be necessary and in the best interest of the School District to be refunded at a lower interest cost.

The captions and headings in this Resolution are solely for convenience of reference and in no way define, limit or describe the scope or intent of any Sections, subsections, paragraphs, subparagraphs or clauses hereof. Reference to a Section means a section of this Resolution unless otherwise indicated.

Section 2. Authorized Principal Amount and Purpose. This Board determines that it is necessary and in the best interest of the School District to issue bonds of the School District in one lot in the maximum principal amount of $2,190,000 (the Bonds) for the purpose of refunding at a lower interest cost certain of the School District's outstanding School Improvement Refunding Bonds, Series 1999, dated as of January 1, 1999, which were issued for the purpose of refunding at a lower interest cost certain of the School District's then-outstanding School Improvement Bonds, Series 1992, dated as of April 1, 1992, which were issued for the purpose of constructing, furnishing and equipping a new middle school, remodeling, improving, furnishing and equipping school facilities and improving school sites, including the payment of expenses related to the refunding of the Refunded Bonds and the issuance of the Bonds.

The aggregate principal amount of Bonds to be issued shall not exceed $2,190,000 and shall be issued in an amount determined by the Treasurer in the Certificate of Award to be the aggregate principal amount of Bonds required to be issued at this time, taking into account the outstanding principal amount of the Refunded Bonds, any premium above or discount from the aggregate principal amount of the Bonds at which they are sold to the Original Purchaser, in order to effect the purpose for which the Bonds are to be issued, including the payment of any expenses properly allocable to the refunding of the Refunded Bonds and the issuance of the Bonds.

Section 3. Denominations; Dating; Principal and Interest Payment. The Bonds shall be issued only as fully registered bonds, in the Authorized Denominations, but in no case as to a particular maturity date exceeding the principal amount maturing on that date. The respective principal amounts of the Bonds to be issued as Current Interest Bonds and Capital Appreciation Bonds (if any Bonds are to be issued as Capital Appreciation Bonds) shall be determined by the Treasurer in the Certificate of Award, having due regard to the best interest of and financial advantages to the School District. The Current Interest Bonds shall be dated as provided in the Certificate of Award, provided that their dated date shall not be more than 60 days prior to the Closing Date, and any Capital Appreciation Bonds shall be dated as of the Closing Date.

(a) Interest Rates and Interest Payment Dates. The Current Interest Bonds shall bear interest at the rate or rates per year (computed on the basis of a 360 day year consisting of 12 30-day months) as shall be determined by the Treasurer in the Certificate of Award. Interest on the Current Interest Bonds shall be payable at such rate or rates on the Interest Payment Dates until the principal amount has been paid or provided for. The Current Interest Bonds shall bear interest from the most recent date to which interest has been paid or provided for or, if no interest has been paid or provided for, from their date.

Any Capital Appreciation Bonds shall bear interest from the Closing Date at the compounding rate or rates of interest (computed on the basis of a 360 day year consisting of 12 30-day months), accrued and compounded on each Interest Accretion Date and payable at maturity, that will result in the aggregate Maturity Amounts payable at maturity, as shall be determined by the Treasurer in the Certificate of Award. The total interest accrued on any Capital Appreciation Bond as of any particular date shall be an amount equal to the amount by which the Compound Accreted Amount of that Capital Appreciation Bond exceeds the original principal amount of that Capital Appreciation Bond as of that date.

(b) Principal Payment Schedule. The Bonds shall mature on the Principal Payment Dates in principal amounts as shall be determined by the Treasurer, subject to subsection (c) of this Section, in the Certificate of Award, consistent with the Treasurer's determination of the best interest of and financial advantages to the School District.

Consistent with the foregoing and in accordance with the Treasurer's determination of the best interest of and financial advantages to the School District, the Treasurer shall specify in the Certificate of Award (i) the aggregate principal amount of Bonds to be issued as Current Interest Bonds, the Principal Payment Dates on which those Bonds shall be stated to mature and the principal amount thereof that shall be stated to mature on each such Principal Payment Date, and (ii) the aggregate principal amount of any Bonds to be issued as Capital Appreciation Bonds and the corresponding aggregate Maturity Amount thereof, the Principal Payment Date or Dates on which those Bonds shall be stated to mature, and the principal amount and corresponding Maturity Amount thereof that shall be payable on each such Principal Payment Date.

(c) Conditions for Establishment of Interest Rates and Principal Payment Dates and Amounts. The rate or rates of interest per year to be borne by the Current Interest Bonds and the compounding rate or rates of interest per year to be borne by any Capital Appreciation Bonds, and the principal amount of Current Interest Bonds maturing on each Principal Payment Date and the Maturity Amount of any Capital Appreciation Bonds payable on each Principal Payment Date, shall be such as to demonstrate net present value savings to the School District due to the refunding of the Refunded Bonds, taking into account all expenses related to that refunding and issuance of the Bonds.

(d) Payment of Debt Charges. The debt charges on the Bonds shall be payable in lawful money of the United States of America without deduction for the services of the Bond Registrar as paying agent. Principal of the Current Interest Bonds, and principal of and interest on any Capital Appreciation Bonds, shall be payable when due upon presentation and surrender of the Bonds at the office of the Bond Registrar designated in the Certificate of Award or, if not so designated, then at the principal corporate trust office of the Bond Registrar. Interest on a Current Interest Bond shall be paid on each Interest Payment Date by check or draft mailed to the person in whose name the Bond was registered, and to that person's address appearing on the Bond Register at the close of business on the 15th day preceding that Interest Payment Date. Notwithstanding the foregoing, if and so long as the Bonds are issued in a book entry system, principal of and interest and any premium on the Bonds shall be payable in the manner provided in any agreement entered into by the Treasurer, in the name and on behalf of the School District, in connection with the book entry system.

(e) No Prior Redemption. The Bonds are not subject to redemption prior to maturity.

Section 4. Execution and Authentication of Bonds; Appointment of Bond Registrar. The Bonds shall be signed by the President or Vice President and Treasurer of this Board, in the name of the School District and in their official capacities, provided that either or both of those signatures may be a facsimile. The Bonds shall be issued in the Authorized Denominations and numbers as requested by the Original Purchaser and approved by the Treasurer, shall be numbered as determined by the Treasurer in order to distinguish each Bond from any other Bond and to distinguish the Current Interest Bonds from any Capital Appreciation Bonds, and shall express upon their faces the purpose, in summary terms, for which they are issued and that they are issued pursuant to the provisions of Chapter 133 of the Revised Code, the approval of the electors at the election identified in the first preamble hereto, this Resolution and the Certificate of Award.

The Bank of New York Mellon Trust Company, N.A., is appointed to act as the initial Bond Registrar; provided, however, that the Treasurer is authorized to appoint a different Bond Registrar in the Certificate of Award after determining that such bank or trust company will not endanger the funds or securities of the School District and that proper procedures and safeguards are available for that purpose. The Treasurer shall sign and deliver, in the name and on behalf of the School District, the Bond Registrar Agreement in substantially the form as is now on file with the Treasurer. The Bond Registrar Agreement is approved, together with any changes or amendments that are not inconsistent with this Resolution and not substantially adverse to the School District and that are approved by the Treasurer on behalf of the School District, all of which shall be conclusively evidenced by the signing of the Bond Registrar Agreement or amendments thereto. The Treasurer shall provide for the payment of the services rendered and for reimbursement of expenses incurred pursuant to the Bond Registrar Agreement, except to the extent paid or reimbursed by the Original Purchaser in accordance with the Bond Purchase Agreement, from the proceeds of the Bonds to the extent available and then from other money lawfully available and appropriated or to be appropriated for that purpose.

No Bond shall be valid or obligatory for any purpose or shall be entitled to any security or benefit under the Bond proceedings unless and until the certificate of authentication printed on the Bond is signed by the Bond Registrar as authenticating agent. Authentication by the Bond Registrar shall be conclusive evidence that the Bond so authenticated has been duly issued, signed and delivered under, and is entitled to the security and benefit of, the Bond proceedings. The certificate of authentication may be signed by any authorized officer or employee of the Bond Registrar or by any other person acting as an agent of the Bond Registrar and approved by the Treasurer on behalf of the School District. The same person need not sign the certificate of authentication on all of the Bonds.

Section 5. Registration; Transfer and Exchange; Book Entry System.

(a) Bond Registrar. So long as any of the Bonds remain outstanding, the School District will cause the Bond Registrar to maintain and keep the Bond Register at the office satisfactory to the Treasurer and the Bond Registrar. Subject to the provisions of Section 6, the person in whose name a Bond is registered on the Bond Register shall be regarded as the absolute owner of that Bond for all purposes of the Bond proceedings. Payment of or on account of the debt charges on any Bond shall be made only to or upon the order of that person; neither the School District nor the Bond Registrar shall be affected by any notice to the contrary, but the registration may be changed as provided in this Section. All such payments shall be valid and effectual to satisfy and discharge the School District's liability upon the Bond, including interest, to the extent of the amount or amounts so paid.

(b) Transfer and Exchange. Any Bond may be exchanged for Bonds of any Authorized Denomination upon presentation and surrender at the office of the Bond Registrar designated in the Certificate of Award or, if not so designated, then at the principal corporate trust office of the Bond Registrar, together with a request for exchange signed by the registered owner or by a person legally empowered to do so in a form satisfactory to the Bond Registrar. A Bond may be transferred only on the Bond Register upon presentation and surrender of the Bond at the designated office of the Bond Registrar together with an assignment signed by the registered owner or by a person legally empowered to do so in a form satisfactory to the Bond Registrar. Upon exchange or transfer the Bond Registrar shall complete, authenticate and deliver a new Bond or Bonds of any Authorized Denomination or Denominations requested by the owner equal in the aggregate to the unmatured principal amount of the Bond surrendered and bearing interest at the same rate and maturing on the same date.

If manual signatures on behalf of the School District are required, the Bond Registrar shall undertake the exchange or transfer of Bonds only after the new Bonds are signed by the authorized officers of the School District. In all cases of Bonds exchanged or transferred, the School District shall sign and the Bond Registrar shall authenticate and deliver Bonds in accordance with the provisions of the Bond proceedings. The exchange or transfer shall be without charge to the owner, except that the School District and Bond Registrar may make a charge sufficient to reimburse them for any tax or other governmental charge required to be paid with respect to the exchange or transfer. The School District or the Bond Registrar may require that those charges, if any, be paid before the procedure is begun for the exchange or transfer. All Bonds issued and authenticated upon any exchange or transfer shall be valid obligations of the School District, evidencing the same debt, and entitled to the same security and benefit under the Bond proceedings as the Bonds surrendered upon that exchange or transfer.

(c) Book Entry System. Notwithstanding any other provisions of this Resolution, if the Treasurer determines in the Certificate of Award that it is in the best interest of and financially advantageous to the School District, the Bonds may be issued in book entry form in accordance with the following provisions of this Section.

The Bonds may be issued to a Depository for use in a book entry system and, if and so long as a book entry system is utilized, (i) the Bonds may be issued in the form of a single, fully registered Bond representing each maturity and registered in the name of the Depository or its nominee, as registered owner, and immobilized in the custody of the Depository or its designated agent which may be the Bond Registrar; (ii) the book entry interest owners of Bonds in book entry form shall not have any right to receive Bonds in the form of physical securities or certificates; (iii) ownership of book entry interests in Bonds in book entry form shall be shown by book entry on the system maintained and operated by the Depository and its Participants, and transfers of the ownership of book entry interests shall be made only by book entry by the Depository and its Participants; and (iv) the Bonds as such shall not be transferable or exchangeable, except for transfer to another Depository or to another nominee of a Depository, without further action by the School District.

If any Depository determines not to continue to act as a Depository for the Bonds for use in a book entry system, the Treasurer may attempt to establish a securities depository/book entry relationship with another qualified Depository. If the Treasurer does not or is unable to do so, the Treasurer, after making provision for notification of the book entry interest owners by the then Depository and any other arrangements deemed necessary, shall permit withdrawal of the Bonds from the Depository, and shall cause Bond certificates in registered form to be authenticated by the Bond Registrar and delivered to the assigns of the Depository or its nominee, all at the cost and expense (including any costs of printing), if the event is not the result of School District action or inaction, of those persons requesting such issuance.

The Treasurer is hereby authorized and directed, to the extent necessary or required, to enter into any agreements, in the name and on behalf of the School District, that the Treasurer determines to be necessary in connection with a book entry system for the Bonds.

Section 6. Award and Sale of the Bonds.
(a) To the Original Purchaser. The Bonds shall be sold at private sale to the Original Purchaser at a purchase price, not less than 97% of the aggregate principal amount thereof, as shall be determined by the Treasurer in the Certificate of Award, plus any accrued interest on the Current Interest Bonds from their date to the Closing Date, and shall be awarded by the Treasurer with and upon such other terms as are required or authorized by this Resolution to be specified in the Certificate of Award, in accordance with law, the provisions of this Resolution and the Bond Purchase Agreement.

The Treasurer shall sign and deliver the Certificate of Award and shall cause the Bonds to be prepared and signed and delivered, together with a true transcript of proceedings with reference to the issuance of the Bonds, to the Original Purchaser upon payment of the purchase price. The President, Vice President and Treasurer of this Board, the Superintendent and other School District officials, as appropriate, each are authorized and directed to sign any transcript certificates, financial statements and other documents and instruments and to take such actions as are necessary or appropriate to consummate the transactions contemplated by this Resolution.

The Treasurer shall sign and deliver, in the name and on behalf of the School District, the Bond Purchase Agreement between the School District and the Original Purchaser, in substantially the form as is now on file with the Treasurer, providing for the sale to, and the purchase by, the Original Purchaser of the Bonds. The Bond Purchase Agreement is approved, together with any changes or amendments that are not inconsistent with this Resolution and not substantially adverse to the School District and that are approved by the Treasurer on behalf of the School District, all of which shall be conclusively evidenced by the signing of the Bond Purchase Agreement or amendments thereto.

(b) Application for Rating or Bond Insurance; Financing Costs. If, in the judgment of the Treasurer the filing of an application for (i) a rating on the Bonds by one or more nationally recognized rating agencies, or (ii) a policy of insurance from a company or companies to better assure the payment of principal of and interest on the Bonds, is in the best interest of and financially advantageous to this School District, the Treasurer is authorized to prepare and submit those applications, to provide to each such agency or company such information as may be required for the purpose, and to provide further for the payment of the cost of obtaining each such rating or policy, except to the extent paid by the Original Purchaser in accordance with the Bond Purchase Agreement, from the proceeds of the Bonds to the extent available and otherwise from any other funds lawfully available and that are appropriated or shall be appropriated for that purpose. The Treasurer is hereby authorized, to the extent necessary or required, to enter into any agreements, in the name of and on behalf of the School District, that the Treasurer determines to be necessary in connection with obtaining of that bond insurance.

The expenditure of the amounts necessary to secure those rating(s) and to pay the other financing costs (as defined in Section 133.01 of the Revised Code) in connection with the Bonds, to the extent not paid by the Original Purchaser in accordance with the Bond Purchase Agreement, is authorized and approved, and the Treasurer is authorized to provide for the payment of any such amounts and costs from the proceeds of the Bonds to the extent available and otherwise from any other funds lawfully available that are appropriated or shall be appropriated for that purpose.

(c) Application for Participation in Ohio School District Credit Enhancement Program. If, in the Treasurer's judgment, it is in the best interest of and financially advantageous to the School District, the Treasurer is authorized to apply, on behalf of the School District, to the Ohio Department of Education (the Department) for permission for the School District to participate in the Ohio School District Credit Enhancement Program and thereby to request that the Department approve an agreement with the School District and the Bond Registrar, which agreement may be incorporated as a part of the Bond Registrar Agreement, providing for the withholding and deposit of state education aid (the State Education Aid), as defined for purposes of Section 3301-8-01(A) of the Ohio Administrative Code, otherwise due the School District for the payment of debt charges on the Bonds under certain circumstances. If the School District receives that permission and the Treasurer determines in the Final Terms Certificate that it is in the best interest of and financially advantageous to the School District, the Treasurer may sign and deliver, in the name and on behalf of the School District, such an agreement. The School District covenants that, if the School District enters into such an agreement with the Department, it will not pledge State Education Aid as primary security for other obligations on a parity with the Bonds, unless the projected amount of State Education Aid to be distributed to the School District in the then current fiscal year exceeds the aggregate maximum annual debt charges on all outstanding and proposed obligations of the School District to which State Education Aid is pledged as primary security by a ratio of at least 2.5 to 1; provided that this covenant shall not prevent the School District from issuing obligations having a claim on State Education Aid subordinate to that of the Bonds. The Treasurer is authorized to sign and deliver, in the name and on behalf of the School District, to the extent necessary or required, any other instruments or agreements necessary to enable the School District to participate in the Program.

Section 7. Refunding; Call of Refunded Bonds. This Board determines that it is necessary and in the best interest of the School District to refund the Refunded Bonds. The Treasurer is authorized and directed to give to The Bank of New York Mellon Trust Company, N.A. (as successor to Fifth Third Bank), as the authenticating agent, bond registrar, transfer agent and paying agent for the Refunded Bonds, on or promptly after the Closing Date, written notice of the call for redemption, and the Refunded Bonds shall be redeemed in accordance with the Original Bond Legislation and the Escrow Agreement. The School District covenants for the benefit of the holders of the Refunded Bonds and of the Bonds, that it will at no time on or after the Closing Date take actions to modify or rescind that call for prior redemption, and that it will take, and will cause the bond registrar and paying agent for the Refunded Bonds to take, all steps required by the terms of the Refunded Bonds to make and perfect that call for prior redemption.

Section 8. Escrow Trustee. The Bank of New York Mellon Trust Company, N.A., is appointed as the initial Escrow Trustee with respect to the refunding of the Refunded Bonds; provided, however, that the Treasurer is authorized to appoint a different Escrow Trustee in the Certificate of Award after determining that such bank or trust company will not endanger the funds or securities to be held in trust for redemption of the Refunded Bonds. The Escrow Trustee is authorized and directed to cause notice of the refunding of the Refunded Bonds to be given in accordance with the Escrow Agreement. The Treasurer shall sign and deliver, in the name and on behalf of the School District, the Escrow Agreement between the School District and the Escrow Trustee, in substantially the form as is now on file with the Treasurer. The Escrow Agreement is approved, together with any changes or amendments that are not inconsistent with this Resolution and not substantially adverse to the School District and that are approved by the Treasurer on behalf of the School District, all of which shall be conclusively evidenced by the signing of the Escrow Agreement or amendments thereto. The Treasurer shall provide for the payment of the services rendered and for reimbursement of expenses incurred pursuant to the Escrow Agreement (including the fees and expenses of a mathematical verification agent to be appointed by the Treasurer in the Certificate of Award), except to the extent paid or reimbursed by the Original Purchaser in accordance with the Bond Purchase Agreement, from the proceeds of the Bonds to the extent available and then from other money lawfully available and appropriated or to be appropriated for that purpose.

Section 9. Escrow Fund. There is created under the Escrow Agreement a trust fund designated the "Fostoria City School District Series 1999 Bonds Escrow Fund" which shall be held and maintained by the Escrow Trustee in trust for the registered owners of the Refunded Bonds and is pledged for the payment of principal of and interest on the Refunded Bonds, all in accordance with the provisions of the Escrow Agreement. The Treasurer is hereby authorized and directed to pay to the Escrow Trustee for deposit in the Escrow Fund (i) any funds on deposit in the Bond Retirement Fund for the payment of debt charges on the Refunded Bonds and (ii) all of the proceeds from the sale of the Bonds, except any accrued interest and any proceeds to be used for the payment of any expenses properly allocable to the refunding of the Refunded Bonds or the issuance of the Bonds as determined by the Treasurer. Those funds are appropriated and shall be applied to pay principal of and interest and redemption premium, if any, on the Refunded Bonds, as provided in the Escrow Agreement.

The funds so deposited in the Escrow Fund shall be (a) held in cash to the extent that they are not needed to make the investments hereinafter described and (b) invested in direct obligations of, or obligations guaranteed as to payment by, the United States of America (within the meaning of Section 133.34(D) of the Revised Code) that mature or are subject to redemption by and at the option of the holder, in amounts sufficient, together with any uninvested cash in the Escrow Fund but without further investment or reinvestment, for the payment of principal of and interest and redemption premium on the Refunded Bonds as provided in the Escrow Agreement.

If U.S. Treasury Securities – State and Local Government Series are to be purchased for the Escrow Fund, the Original Purchaser and the Escrow Trustee are hereby specifically authorized to file or cause to be filed, on behalf of the School District, subscriptions for the purchase and issuance of those U.S. Treasury Securities – State and Local Government Series. If, in the judgment of the Treasurer, an open-market purchase of obligations described in (b) in the preceding paragraph for the Escrow Fund is in the best interest of and financially advantageous to this School District, the Treasurer or any other officer of the School District, on behalf of the School District and their official capacity, may purchase and deliver such obligations, engage the services of a financial advisor, bidding agent or similar entity for the purpose of facilitating the bidding, purchase and delivery of such obligations for, and any related structuring of, the Escrow Fund, execute such instruments as are deemed necessary to engage such services for such purpose, and provide further for the payment of the cost of obtaining such services, except to the extent paid by the Original Purchaser in accordance with the Bond Purchase Agreement, from the proceeds of the Bonds to the extent available and otherwise from any other funds lawfully available and that are appropriated or shall be appropriated for that purpose.

Section 10. Application of Proceeds. The proceeds from the sale of the Bonds (except any premium and accrued interest and any proceeds to be used for the payment of any expenses properly allocable to the refunding of the Refunded Bonds or the issuance of the Bonds as determined by the Treasurer) shall be paid into the Escrow Fund as provided in Section 9. Any proceeds to be used for the payment of any expenses properly allocable to the refunding of the Refunded Bonds or the issuance of the Bonds, as determined by the Treasurer, shall be paid into the proper fund or funds. Any proceeds representing premium and accrued interest shall be paid into the Bond Retirement Fund. The proceeds from the sale of the Bonds (except any accrued interest) are appropriated and shall be used for the purpose for which the Bonds are being issued.

Section 11. Provisions for Tax Levy. There shall be levied on all the taxable property in the School District, in addition to all other taxes, a direct tax annually during the period the Bonds are outstanding in an amount sufficient to pay the debt charges on the Bonds when due, which tax shall not be less than the interest and sinking fund tax required by Section 11 of Article XII of the Ohio Constitution. The tax shall be unlimited as to amount or rate, shall be and is ordered computed, certified, levied and extended upon the tax duplicate and collected by the same officers, in the same manner and at the same time that taxes for general purposes for each of those years are certified, levied, extended and collected, and shall be placed before and in preference to all other items and for the full amount thereof. The proceeds of the tax levy shall be placed in the Bond Retirement Fund, which is irrevocably pledged for the payment of the debt charges on the Bonds when and as the same fall due.

Section 12. Federal Tax Considerations. The School District covenants that it will use, and will restrict the use and investment of, the proceeds of the Bonds in such manner and to such extent as may be necessary so that (a) the Bonds will not (i) constitute private activity bonds, arbitrage bonds or hedge bonds under Section 141, 148 or 149 of the Code or (ii) be treated other than as bonds to which Section 103 of the Code applies, and (b) the interest thereon will not be an item of tax preference under Section 57 of the Code.

The School District further covenants that (a) it will take or cause to be taken such actions that may be required of it for the interest on the Bonds to be and to remain excluded from gross income for federal income tax purposes, (b) it will not take or authorize to be taken any actions that would adversely affect that exclusion and (c) it, or persons acting for it, will, among other acts of compliance, (i) apply the proceeds of the Bonds to the governmental purposes of the borrowing, (ii) restrict the yield on investment property, (iii) make timely and adequate payments to the federal government, (iv) maintain books and records and make calculations and reports, and (v) refrain from certain uses of those proceeds and, as applicable, of property financed with such proceeds, all in such manner and to the extent necessary to assure such exclusion of that interest under the Code.

The Treasurer, as fiscal officer of this Board, or any other officer of the School District having responsibility for the issuance of the Bonds is hereby authorized (a) to make or effect any election, selection, designation (including specifically designation of the Bonds as "qualified tax-exempt obligations"), choice, consent, approval or waiver on behalf of the School District with respect to the Bonds as the School District is permitted or required to make or give under the federal income tax laws, including, without limitation thereto, any of the elections provided for in or available under Section 148 of the Code, for the purpose of assuring, enhancing or protecting the favorable tax treatment or status of the Bonds or interest thereon or assisting compliance with requirements for that purpose, reducing the burden or expense of such compliance, reducing the rebate amount or payments or penalties, or making payments of special amounts in lieu of making computations to determine, or paying, excess earnings as rebate, or obviating those amounts or payments, as determined by that officer, which action shall be in writing and signed by the officer, (b) to take any and all other actions, make or obtain calculations, make payments, and make or give reports, covenants and certifications of and on behalf of the School District, as may be appropriate to assure the exclusion of interest from gross income and the intended tax status of the Bonds, and (c) to give one or more appropriate certificates of the School District, for inclusion in the transcript of proceedings for the Bonds, setting forth the reasonable expectations of the School District regarding the amount and use of all the proceeds of the Bonds, the facts, circumstances and estimates on which they are based, and other facts and circumstances relevant to the tax treatment of the interest on and the tax status of the Bonds.

Each covenant made in this Section with respect to the Bonds is also made with respect to all issues any portion of the debt charges on which is paid from proceeds of the Bonds (and, if different, the original issue and any refunding issues in a series of refundings), to the extent such compliance is necessary to assure exclusion of interest on the Bonds from gross income for federal income tax purposes, and the officers identified above are authorized to take actions with respect to those issues as they are authorized in this Section to take with respect to the Bonds.

Section 13. Certification and Delivery of Resolution and Certificate of Award. The Treasurer is directed to deliver or cause to be delivered a certified copy of this Resolution and a signed copy of the Certificate of Award to the Seneca, Hancock and Wood County Auditors.

Section 14. Satisfaction of Conditions for Bond Issuance. This Board determines that all acts and conditions necessary to be performed by the Board or the School District or to have been met precedent to and in the issuing of the Bonds in order to make them legal, valid and binding general obligations of the School District have been performed and have been met, or will at the time of delivery of the Bonds have been performed and have been met, in regular and due form as required by law; that the full faith and credit and general property taxing power (as described in Section 11) of the School District are pledged for the timely payment of the debt charges on the Bonds; and that no statutory or constitutional limitation of indebtedness or taxation will have been exceeded in the issuance of the Bonds.

Section 15. Retention of Bond Counsel. The legal services of Squire Sanders (US) LLP, as bond counsel, be and are hereby retained. The legal services shall be in the nature of legal advice and recommendations as to the documents and the proceedings in connection with the issuance and sale of the Bonds and the rendering of the necessary legal opinion upon the delivery of the Bonds. In rendering those legal services, as an independent contractor and in an attorney-client relationship, that firm shall not exercise any administrative discretion on behalf of the School District in the formulation of public policy, expenditure of public funds, enforcement of laws, rules and regulations of the State, the School District or any other political subdivision, or the execution of public trusts. That firm shall be paid just and reasonable compensation for those legal services and shall be reimbursed for the actual out-of-pocket expenses it incurs in rendering those legal services. The Treasurer is authorized and directed, to the extent they are not paid by the Original Purchaser in accordance with the Bond Purchase Agreement, to make appropriate certification as to the availability of funds for those fees and any reimbursement and to issue an appropriate order for their timely payment as written statements are submitted by that firm.

Section 16. Compliance with Open Meeting Requirements. This Board finds and determines that all formal actions of this Board and of any of its committees concerning and relating to the adoption of this Resolution were taken in open meetings of this Board or of its committees, and that all deliberations of this Board and of any committees that resulted in those formal actions were in meetings open to the public in compliance with the law.

Section 17. Effective Date. This Resolution shall be in full force and effect immediately upon its adoption.

Mr. Sheak seconded the motion and on roll call the vote was: Dr. Guernsey, aye; Mr. Sheak, aye; Mr. Grine, aye; Ms. Stannard, aye; and Mr. Thompson, aye. The president declared the motion passed.

MOTION NO. 14-038 SUPERINTENDENT RECOMMENDATIONS:
Ms. Stannard moved to approve the following Superintendent recommendations:

A. Motion to approve the following personnel items:
(All employment of personnel is pending completion of all required documentation/licensure requirements.)

1 RESIGNATION - CERTIFIED
Individual Position Effective
Rachel Kuebeck 3rd grade teacher 07/31/2014

2 RETIREMENT CERTIFIED
Individual Position Effective
Melissa Depinet Longfellow Elementary Principal 07/01/2014
(30 years of dedicated service to the education of children of FCS)
Deborah Knigga FJHSH Teacher 05/30/2014
(26 years of dedicated service in the field of education – 7 at FCS)

3 EMPLOYMENT - CERTIFIED
Individual Position Effective
Pamela Burrow Home Instruction 2014-2015
Diann Hay Home Instruction 2014-2015
Ashley Reinhart Home Instruction 2014-2015
Sherry Roach Home Instruction 2014-2015
Lisa Rutter Home Instruction 2014-2015
Amy Stultz Home Instruction 2014-2015
Peggy Ward Home Instruction 2014-2015
Carol Wines Home Instruction 2014-2015

4 LEAVE OF ABSENCE – UNPAID LEAVE OF ABSENCE
Individual Position Effective
Kelly Snyder 2nd grade teacher 05/22/14 (for 5.75 days)

5 EMPLOYMENT - AGREEMENT
Individual Position Effective
Alex Hossler Asst. Softball 2013-2014
Derek Kidwell Head Football 2014-2015
Traci Papenfus Asst. Cross Country 2014-2015

6 EMPLOYMENT - SUPPLEMENTAL
Individual Position Effective
Jennifer Abell Girls' Tennis 2014-2015
Kim Fant-Cousin Head Boys'/Girls' Cross Country 2014-2015
Laurie Martishius Football Cheerleading 2014-2015
Brian Oestreich Golf 2014-2015
Amy Stultz Head Volleyball 2014-2015
Aaron Weidner Assistant Athletic Director 2014-2015
Michele Wolf Jr. HS Athletic Director 2014-2015

7 RETIREMENT - CLASSIFIED
Individual Position Effective
Cheryl Basinger Paraprofessional 06/30/2014
(18 years of dedicated service to FCS students, families and staff)

8 EMPLOYMENT – SUBSTITUTE AND/OR SUMMER - CLASSIFIED
Individual Position Effective
Chana Banks Custodian 2014-2015
Michelle Bishop Bus Driver 2014-2015
Pam Brenamen Custodian 2014-2015
Dana Brown Food Service 2013-2014
Tom Butcher Custodian, Maintenance 2014-2015
Cindy Clark Custodian 2014-2015
Sharon Cleveland Food Service 2014-2015
Leslie Cofer Food Service 2014-2015
Tina Cook Custodian 2014-2015
Ellen Crosby-Lowery Bus Driver, Custodian, Food Service, Food Service-Van Driver 2014-2015
Donna Elchert Custodian 2013-2014
Donna Elchert Custodian 2014-2015
Linda Elchert Custodian 2014-2015
Ruth Elems Custodian 2014-2015
Tracy Emahiser Custodian 2014-2015
Ed Filliater Custodian, Food Service-Van Driver 2014-2015
Robert Fry Custodian, Food Service-Van Driver 2014-2015
Jon Hay Bus Driver 2014-2015
Vickie Hunker Custodian, Food Service 2014-2015
Vickie Hunker Food Service 2013-2014
Cynthia Hunter Custodian, Food Service, Food Service-Van Driver 2014-2015
Cynthia Hunter Food Service 2013-2014
Lisa Huss Custodian 2014-2015
Sandra Jurrus Bus Driver, Custodian, Food Service, Food Service-Van Driver 2014-2015
Terrie Litton Bus Driver 2014-2015
Lynnlee Myers Bus Driver 2014-2015
Brenda Pace Custodian 2014-2015
Gerald Reinhart Food Service, Food Service-Van Driver 2014-2015
George Scott Food Service – Van Driver 2013-2014
Geroge Scott Custodian, Maintenance, Food Service-Van Driver 2014-2015
Katie Smith Bus Driver, Food Service 2014-2015
Joe Souder Bus Driver 2014-2015
Jim Stahl Maintenance 2014-2015
Johnathan Ward Custodian, Food Service 2014-2015

B. Motion to approve Hollis Reinbolt, Food Service Supervisor, to be compensated at the rate of $169.21 per diem (not to exceed 15 days), per time sheet submitted, for facilitation of the Summer School Food Service Program.

C. Motion to approve paying a stipend to the following certified staff for mentoring student teachers from the University of Findlay during the 2013-2014 school year:
Barbara Curlis $50.00

Dr. Guernsey seconded the motion and on roll call the vote was: Ms. Stannard, aye; Dr. Guernsey, aye; Mr. Grine, aye; Mr. Sheak, aye; and Mr. Thompson, aye. The president declared the motion passed.

MOTION NO. 14-039 HOME INSTRUCTION
Dr. Guernsey moved to approve the following personnel item:

EMPLOYMENT - CERTIFIED
Individual Position Effective
Kathy Grine Home Instruction 2014-2015

Ms. Stannard seconded the motion and on roll call the vote was: Dr. Guernsey, aye; Ms. Stannard, aye; Mr. Grine, abstained; Mr. Sheak, aye; and Mr. Thompson, aye. The president declared the motion passed.

MOTION NO. 14-040 SUMMER SCHOOL PROGRAMS:
Ms. Stannard moved to approve the following 2014 Summer School Programs:

1. Fostoria Intermediate Elementary School, June 23 – July 10, 8:30 to 11:00 a.m.
2. Junior/Senior High School, Session 1 - June 5 - June 20 (9-12 grade) and Session 2 - June 23 - July 9 (7-12 grade) Both sessions are 8:00 a.m. to 1:30 p.m. (Not in session July 4th)
3. OGT Intervention June 5-20

Mr. Grine seconded the motion and on roll call the vote was: Ms. Stannard, aye; Mr. Grine, aye; Dr. Guernsey, aye; Mr. Sheak, aye; and Mr. Thompson, aye. The president declared the motion passed.

MOTION NO. 14-041 WASHINGTON DC TRIP
Mr. Sheak moved to approve a field trip to Washington DC, March 31-April 2, 2015, for GTE and honors students in grades 6-11(costs to be paid by parents and/or via fundraising activities).

Dr. Guernsey seconded the motion and on roll call the vote was: Mr. Sheak, aye; Dr. Guernsey, aye; Mr. Grine, aye; Ms. Stannard, aye; and Mr. Thompson, aye. The president declared the motion passed.

MOTION NO. 14-042 COURSE SELECTION GUIDE
Dr. Guernsey moved to approve the 2014-2015 Fostoria Junior/Senior High School Course Selection guide as submitted.

Mr. Grine seconded the motion and on roll call the vote was: Dr. Guernsey, aye; Mr. Grine, aye; Mr. Sheak, aye; Ms. Stannard, aye; and Mr. Thompson, aye. The president declared the motion passed.

PUBLIC PARTICIPATION ON NON-AGENDA ITEMS
• Laua Buchanan reported that two of our students have qualified for state for "Power of the Pen".

MOTION NO. 14-043 EXECUTIVE SESSION
Ms. Stannard moved to go into Executive Session at 6:35 p.m. for the purpose(s) of:

Consideration of the appointment, employment, dismissal, discipline, promotion, demotion or compensation of an employee, student, or school official or to investigate charges or complaints against such person, unless said person requests a public hearing. When an executive session is held under this provision, the motion and vote must state which purpose or purposes is involved but need not state the name of any person; T5.12(B), RC121.22(G).

Mr. Sheak seconded the motion and on roll call the vote was: Mrs. Stannard, aye; Mr. Sheak, aye; Mr. Grine, aye; Dr. Guernsey, aye; and Mr. Thompson, aye. The president declared the motion passed.

At 7:16 p.m. the Board members left Executive Session. The president declared the meeting back in session.

MOTION NO. 14-044 ADJOURNMENT
There being no further business Mr. Sheak moved to adjourn the meeting at 7:17 p.m.

Dr. Guernsey seconded the motion and on roll call the vote was: Mr. Sheak, aye; Dr. Guernsey, aye; Mr. Grine, aye; Ms. Stannard, aye; and Mr. Thompson, aye. The president declared the motion passed.

_________________________________________________ ________________________________________________
Treasurer
President

Upcoming Events

ADOBE READER 
adobe

Joomla25 Appliance - Powered by TurnKey Linux