HomeMy WebLinkAbout12-16-2020 Minutes Work Session-Executive SessionDr. Scott Woolstenhulme, Superintendent
3497 North Ammon Road, Idaho Falls, Idaho, 83401 (208) 525-4400 Fax (208) 557-6800 www.d93schools.org
Board of Trustees Amy Landers Chad Dance Greg Calder Paul Jenkins Scott Lynch
Bonneville Joint School District No. 93 is an Equal Opportunity Employer
Work Session/Executive Session
December 16, 2020 at 11:30 AM
PLC Building - 3442 E Iona Rd - Idaho Falls, ID 83401
I. Call to Order
Chairman Amy Landers called the meeting to order at 11:39 a.m.
II. Roll Call
Chad Dance present via Zoom
Greg Calder present
Paul Jenkins present via Zoom
Scott Lynch present
Amy Landers present
III. Welcome Visitors and Delegations
Others in attendance were Superintendent Dr. Scott Woolstenhulme, Chief Financial/Operations Officer Guy Wangsgard, Executive Director of
Instruction & Learning Jason Lords, Executive Director of Planning & Personnel Heath Jackson, Director of Maintenance & Operations John
Pymm, Community Relations and Communications Phil Campbell, and Board Clerk Mary Hansen.
IV. Action Items
A. Approve/Amend the Agenda MOTION: Greg Calder moved to approve the Agenda. Scott Lynch seconded. Motion carried.
V. Items for Discussion
A. Levy Ballot Language
Dr. Woolstenhulme informed the Board through continued conversations with Attorney Nick Miller and Financial Advisor Eric Heringer, the
proposed language for both the Supplemental Levy ($6.8M for two years) and Plant/Facility Levy ($3.8M for ten years) will basically have the
same language required by Idaho Code 34-439A and followed by current levy rate assumptions. Each levy’s tax amount would be an increase
up to $24.60 per $100,000 assessed home/property value; roughly for both levies, a monthly increase of $4.10. The levy rate, which was
lowered to 4.609% in September 2020 is based on the market growth value. The supplemental levy and the plant/facility levy are both expiring
June 30, 2021.
B. Bond Refinancing
Eric Heringer, Financial Advisor from Piper|Sandler presented information on refinancing bonds. The district has five series of outstanding
bonds totaling $113,355,000 from elections in 2007 (refinanced in 2012), 2009 (refinanced in 2016), 2012, 2016 and 2018. The actual bond
payments in 2021 will be $9.2 million. The best bonds to refinance are those that are close to being paid off (2012A and 2012C); using the
current bond fund to pay the debt. With historically low interest rates combined with less than two years to the 9/15/2022 call date, provide a
refinancing opportunity for the district’s two 2012 bonds. The refinanced amount would be $16,715,000. Refunding the bonds do not require
voter approval, but cannot exceed the repayment term of the refunded bonds, or increase the principal amount of debt outstanding and must
reduce debt service savings. Refinancing bonds can increase escrow savings, which in turn are used to pay off current and future bonds. New
construction strategy was briefly discussed.
VI. Call for Agenda Items for Upcoming Meetings
February 24, 2021 Work Session – refinancing bond discussion
Annual Meeting - Wednesday, January 13, 2021 - 7:00 p.m. - PLC Building
Work Session - Wednesday, January 27, 2021 - FLITTE - 11:30 a.m.
Regular Meeting - Wednesday, February10, 2021 - PLC Building - 7:00 p.m.
Work Session (TCHS/BOHS Student Councils) - Wednesday, February 24, 2021 - 11:30 a.m. Location TBD
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VII. Action Item - Executive Session
Chairman Amy Landers stated that the Board will enter into Executive Session pursuant to Idaho Code 74-206(1)(b) To consider the evaluation
of an employee, staff member or individual agent. The Executive Session will be closed to the public as permitted by law. MOTION: Greg Calder moved to enter into executive session for the reason stated. Scott Lynch seconded. The roll call vote was:
VIII. Action Item - Roll Call Vote
Chad Dance yes
Greg Calder yes
Paul Jenkins yes
Scott Lynch yes
Amy Landers yes
Meeting recessed 1:15 – 1:24 p.m.
IX. Discussion Items: Superintendent Evaluation
Chairman Amy Landers reported that Dr. Woolstenhulme had excelled this past school year and had reached the exemplary category! He and
the administrative team continued to focus on the students and keeping them in school through the most unusual circumstances this year has
brought. She focused on his ability to communicate with the parents and patrons through FaceBook Live and weekly emails. She mentioned
how his involvement in the community and Region 6 has been remarkable. The board was impressed with the teamwork among the
administration and with the Board.
X. Action Item: Motion to move into Open Meeting
MOTION: Greg Calder moved to enter back into open session. Scott Lynch seconded. Motion carried.
XI. Action Item: Adjournment
Chairman Landers adjourned the meeting at 1:37 p.m. MOTION: Greg Calder moved to adjourn. Scott Lynch seconded. Motion carried.
APPROVED: ______________________________________
Chairman
ATTESTED: _______________________________________
Clerk
DATE: ___________________________________