| 4:30 p.m. | 1. Adoption of Agenda
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| 2. Approval of Minutes
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| 3. Superintendent’s Comments
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4. Public Comment
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5. Recognition of Retirees
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6. Items for Information
a. Report—Credit Rating Process for the Sale of Bonds b. Information Systems & Technology Department Summer 2008 Projects Report c. Progress to Graduation: Everett Summer School 2008 Progress Report | ||
| 7. Action Items
a. Consent Agenda 1) Personnel Report 2) Voucher Lists 3) Approval of Five-Year Perkins Grant Application 4) Approval of Minimum Basic Education Requirement Compliance Report 5) 2008-2009 OSPI Drug Omnibus Grant 6) Donation of Exercise Equipment from 24-Hour Fitness to Everett Public Schools | ||
| b. Disciplinary Appeal Council Members for the 2008-2009 School Year | ||
| Resolution 923: Public Records Index Exemptions | ||
| Resolution 922: Authorizing the Sale of Unlimited Tax General Obligation Refunding Bonds, Series 2008
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| 8. Board Comments
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| 9. Board Action and/or Board Discussion
a. Study Session—New Central Administration Facility Project b. Study Session—Superintendent Search Process |
1. ADOPTION OF AGENDA
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2. APPROVAL OF MINUTES
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| 3. SUPERINTENDENT’S COMMENTS | |
| 4. PUBLIC COMMENT | |
5. RECOGNITION OF RETIREES
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6. ITEMS FOR INFORMATION
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| a. Report—Credit Rating Process for the Sale of Bonds
Public and private agencies desiring to raise funds through the sale of bonds are evaluated by credit rating agencies to determine the relative investment risk the agency presents to potential purchasers of the bonds. The two primary rating agencies are Standard & Poor’s and Moody’s. Prior to any sale of bonds by the Everett School District, the district works with these agencies in order to present an overall evaluation of the district organization, the educational program, student success, financial operations, community support, and the overall local economy. Following this presentation the rating agency evaluates the information and issues a credit rating which affects the interest rate that district will pay in the sale of bonds. The Everett School District has a record of very strong credit ratings which has resulted in low interest rates being paid on the bonds it has issued—payments which are provided by the taxpayer. The taxpayer also saves when the district is able to sell bonds in order to refund bonds that were previously sold at a higher interest rate. On May 23 the Everett School District intends to sell bonds in order to refund bonds that were issued in 1998. Jack Eaton of D.A. Davidson serves as the underwriter and manager of the bond sale. In this capacity he also coordinates our working with the rating agencies as described above. Mr. Eaton will provide an overview of the process and the message conveyed to the rating agencies on September 11 (ATTACHMENT). | |
| b. Information Systems & Technology Department Summer 2008 Projects Report
The Administration will provide an overview of summer 2008 projects and initiatives of the Information Systems and Technology Department (ATTACHMENT). | |
| c. Progress to Graduation: Everett Summer School 2008 Progress Report
The Administration will provide a summary of the District’s efforts in providing intervention services during the summer of 2008 (ATTACHMENT). A report on the progress made by students who attended summer school will also be provided. | |
| 7. ACTION ITEMS
a. Consent Agenda 1) Personnel Report (ATTACHMENT); 2) Voucher Lists (ATTACHMENT); 3) Approval of Five-Year Perkins Grant Application (ATTACHMENT); 4) Approval of Minimum Basic Education Requirement Compliance Report (ATT.); 5) 2008-2009 OSPI Drug Omnibus Grant (ATTACHMENT); and 6) Donation of Exercise Equipment from 24-Hour Fitness to Everett Public Schools (ATTACHMENT). |
| b. Disciplinary Appeal Council Members for the 2008-2009 School Year
In accordance with Policy 3320—Disciplinary Appeal Council, each year the Administration recommends membership on the Council, whose role is to hear and decide discipline and short-term suspension grievance appeals. The recommended membership is the Deputy Superintendent; a K-12 Area Executive Director (depending upon the Area from which the appeal originates); and a Director from Human Resources. In addition, the alternate recommended for the Council is the Chief Academic Officer. The Council also includes a Board-member-at-large (ATTACH.). | |
| c. Resolution 923: Public Records Index Exemptions
The Administration recommends the Board of Directors approve Resolution 923: Public Records Index Exemptions, to align with RCW 42.56.070(4) (ATTACHMENT). | |
| d. Resolution 922: Authorizing the Sale of Unlimited Tax General Obligation Refunding Bonds, Series 2008
The Administration recommends the Board of Directors adopt Resolution 922 providing for the issuance and sale of Unlimited Tax General Obligation Refunding Bonds, Series 2008, in the aggregate principal amount of $9,535,000 (the approximate amount, with the actual amount to be determined at pricing on September 23, 2008 (ATTACH.). | |
| 8. BOARD COMMENTS
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| 9. BOARD ACTION AND/OR BOARD DISCUSSION
a. Study Session—New Central Administration Facility Project A study session will be held concerning the new Central Administration Facility project. b. Study Session—Superintendent Search Process A study session will be held concerning the superintendent search process. |