The meeting began with a presentation from David Pistorius, First Midstate Investment Bankers. He presented options for the Board to consider for the potential restructuring of some existing bonds. The purpose of the restructuring would be to save the district interest over the life of the bonds. No decision was made during the meeting and the Board will consider the options presented. The savings on the restructuring of the bonds would come in the last year of the bonds.
Superintendent DePatis reported that to the Board that the piping project is going along very well and will be completed very soon. It has been a very project working with the contractor. They have stayed on time and have been very good about having things kept picked up and clear to allow other work to be completed. Also the upgraded network wiring project has nearly complete as well. The wire has all been run and the final connections will be done by the end of July.
The following action was taken by the Board during the meeting.
- Approved renewal of the membership in Association of Illinois Rural and Small Schools. (AIRSS)
- Approved the hiring of Johanna Brand as Jr/Sr High science teacher
- Approve the hiring of Hope Waters as the K-12 music director
The next regular Board meeting will take place on Thursday, August 18, 2016 at 7:00 PM. The Board will also hold its annual Board retreat on Thursday, August 4, 2016 at 5:30 pm in the Board room.
The meeting adjourned at approximately 8:15 PM.