July 25, 2022 at 6:00 PM - Additional Regular Meeting

Description:  A motion will be necessary to approve the agenda as presented (or) with changes as recommended.

Description:  Individuals may use this time to comment on any topic. A copy of Board Policy 187 —Public Participation at Board Meetings is enclosed for your reference. Each speaker will be allowed 3 minutes to speak for a total of  30 minutes.  .  Emailed comments will be shared and reviewed by all the board members but will not be read out loud.

Description:  Attached please find a presentation from the referendum team on the topics of the potential referendum project programs, budgets, and timelines. The only update to the budgets is the slide on Maintenance Projects (13) to reflect the current cost of the outstanding maintenance projects on the capital maintenance plan. The maintenance projects for Heritage Elementary School were removed, projects that have been completed were removed, and the remaining projects were adjusted based on inflation.

Description:  Administration requested that the referendum team prepare project timelines that both included and excluded the use of a reimbursement resolution. The referendum team has created an additional timeline that does not require the use of a reimbursement resolution, but does include the planning around a September 2024 opening for the new Heritage Elementary School. The additional timeline does require an upfront investment on the district's behalf of up to $100,000 (Slide 18) and partnerships with key vendors so that the design and construction process can move forward immediately pending the results of the referendum vote. The full timeline can be viewed on Slide 16 under the partnership option. After consultation with the district Treasurer, administration would recommend the use of 21-22 End of the Year Funds to pay for this investment. The referendum team will be present to answer any school board member's questions regarding this additional timeline option.

Description:  The purpose of this agenda item is to review/consider the concept of a reimbursement resolution. No action is required at this time, but the School Board may take action to approve this resolution. Attached please find an example reimbursement resolution from our bond attorneys (Quarels & Brady). Administration requested that the referendum team prepare project timelines that both included and excluded the use of a reimbursement resolution. Based on the discussion in the prior agenda item, the board's preference for a timeline may or may not require a reimbursement resolution.

Description:  The purpose of this agenda item is to review draft resolutions for the fall 2022 referendum process. There are two questions included in the draft resolutions. There is an operational referendum question which provides the authority to increase revenues by $2 million per year for a 5 year period of time. This operational referendum question is recurring ( permanent). There is a capital referendum question in the amount of $175 million. The capital referendum question would fund the projects identified in tonight's presentation as well as approximately 1/3 of the outstanding maintenance needs. 

We have attached a spreadsheet that includes a financial scenario connected to the operational referendum question. Administration would request the opportunity to review the high level assumptions included in this financial scenario. Adminsitration is looking forward to feedback from the school board. The regular August board meeting will include action items for school board consideration on these resolutions.