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SM re COPS


Convene
1. 3:57 p.m.

Public Comments
2. Carmen Campbell and Armando Valverde

Board Report(s)
3. School Board Approve Sale of Certificates of Participation Series 2007E

Attachment: Exec Summary COPS 2007E.pdf
Minutes: 

·         This Resolution delegates authority to the Superintendent to negotiate the terms of the transaction with the underwriters within the parameters set forth in the Resolution.  The Resolution also authorizes the execution and delivery of all instruments and documents necessary to complete the transaction.

·         COPs issuance scheduled as part of Five-Year Capital Plan adopted in September 2007.

·         The issues will be sized to net the School District sufficient funds to finance the named projects.

·         The Finance Committee reviewed the transactions at their meeting on August 24, 2007. 

 

Note:  Some of the attachments to the authorizing resolution are forthcoming from bond and underwriter’s counsel.

 

Attachments are located in the Board Minutes Office.



Motions:
I recommend the School Board adopt a Resolution authorizing execution of Schedule 2007E to the Master Lease and approve the sale of Certificates of Participation, Series 2007E, in an aggregate principal amount not to exceed $165,000,000.00. - PASS
 
Vote Results
Motion: Debra Robinson
Second: Mark Hansen
Monroe Benaim- Not Present
Paulette Burdick- Nay
Bill Graham- Aye
Mark Hansen- Aye
Sandra Richmond- Nay
Debra Robinson- Aye

4. Adjourn School Board Meeting - 4:20 p.m.
5. Convene meeting of Palm Beach School Board Leasing Corp - 4:20 p.m.
6. Leasing Corp - Approve Sale of Certificates of Participation Series 2007E

Minutes: 

·         This Resolution delegates authority to the Superintendent to negotiate the terms of the transaction with the underwriters within the parameters set forth in the Resolution.  The Resolution also authorizes the execution and delivery of all instruments and documents necessary to complete the transaction.

·         COPs issuance scheduled as part of Five-Year Capital Plan adopted in September 2007.

·         The issues will be sized to net the School District sufficient funds to finance the named projects.

·         The Finance Committee reviewed the transactions at their meeting on August 24, 2007. 

 

Note:  Some of the attachments to the authorizing resolution are forthcoming from bond and underwriter’s counsel.

 

Attachments are located in the Board Minutes Office.



Motions:
I recommend the Palm Beach School Board Leasing Corp adopt a Resolution authorizing execution of Schedule 2007E to the Master Lease and approve the sale of Certificates of Participation, Series 2007E, in an aggregate principal amount not to exceed $165,000,000.00. - PASS
 
Vote Results
Motion: Debra Robinson
Second: Mark Hansen
Monroe Benaim- Not Present
Paulette Burdick- Nay
Bill Graham- Aye
Mark Hansen- Aye
Sandra Richmond- Aye
Debra Robinson- Aye


Adjourn
7. 4:23 p.m.






Secretary

Chair