June 23, 2008
At its regular meeting Monday, the USD 470 Board of Education adopted Resolution 08-04, to establish an account in the Municipal Investment Pool (MIP), as defined in K.S.A. 12-1625, pursuant to Chapter 254 of the 1996 Session Laws of Kansas, and amendments thereto.
The recommendation to establish the account came from Piper-Jaffray, the districtÕs bond advisor and the state school board association.
Dr. Ron Ballard, superintendent, said it is necessary for the district to establish accounts to receive the approximate $35.8 million resulting from the sale of the bonds.
ÒAlthough we will work with in-district, county and possibly in-state financial institutions, it is most helpful to have an investment pool account with the capacity to receive a large sum of money yet offer liquidity for easy transfers to local institutions,Ó he said.
Ballard said a relatively small amount of money will go into
the account for such needs but the bulk of the money will go into higher
interest opportunities.
The school board heard an update on the search for a Construction Manager At-Risk company at its meeting Monday.
On Wednesday, June 18, 2008, the boardÕs selection committee met to consider the first round or Phase I of proposals submitted by companies interested in serving in the CM At-Risk capacity. Seven construction companies submitted proposals: Coonrad, Crossland, Hutton, Simpson, Conco, JE Dunn and Manning.
Of those firms, the selection committee recommends that Coonrad, Conco, Hutton and Simpson be considered for Phase II or presentations to the board. Phase II is expected to take place in July, after the new CM At-Risk law goes into effect.
In other news, the board:
á Called the meeting to order.
á Recognized visitors.
á Approved the agenda and consent agenda.
á Recognized the following staff resignation:
Kelly Hughes Ð Arkansas City High School Math
á Recognized the following new staff:
Mary Lou Fisk Ð Head Start Certified Teacher
Andrea Crafton Ð Learner Support at Frances Willard
Rex Herndon Ð Learner Support at Roosevelt
Amy Milliman Ð Learner Support at IXL
Ginger Sprinkle Ð Learner Support at Jefferson
á Approved a fiscal year 2008-2009 contract with America First for workers compensation insurance.
á Approved the fiscal year 2008-2009 district insurance package with America First.
á Approved the contract with Compass Group-Chartwells for food service management services.
á Scheduled a special board of education meeting for Thursday, June 26, 2008 at noon, for the purpose of considering approval for final expenditures and transfers for the current fiscal year.
á Moved into executive session for the purpose of discussing negotiations.
á Called the regular meeting back to order.
á Adjourned.