Minutes-2024.01.08

                The Board of Directors of the Edgewood-Colesburg Community School District met for the regular meeting in the Colesburg Elementary Library, on Monday, January 8, 2024. Board President Matt Elliot called the meeting to order at 6:00 p.m.

                Directors Present: Matt Elliot, Tammy Kirby, Dan Venteicher, Jeff Hoeger, & Brad Bockenstedt

                Directors absent: None.

                Also Present: Superintendent Dave Hoeger, Principal Patty Briggs, and Board Secretary Melissa Conner.

                Director Venteicher moved to approve the agenda as presented. Director Hoeger seconded the movement. Motion carried 5-0.

                Director Venteicher moved to approve the Consent Agenda.

• • Minutes of December 11, 2023 Meeting
  • Bills
  • Financial Reports
  • Open Enrollments
  • Special Education Contracts
  • Fundraisers
  • Personnel Recommendations
    • Resignations:    
      1. Ronda Bagge-Secondary Secretary
      2. Michele Errthum-Elementary Secretary
  • Annual Agreements

                Director Hoeger seconded the movement. Motion carried 5-0.

                Visitors: Alex Hanna, Meagan Bailey, Alicia Walz, Kristy Mather, Maci Bailey, Lincoln Hanna, Wyatt Walz, Josh Demmer, Kayla Lawrence, Claire Rausch, & Nic Stelken.

                President Elliot welcomed our visitors.

                The Elementary Student Council provided an update.

                Principal Briggs: Getting back into things from break. Working on getting more leadership opportunities in the Elementary.

                Josh Demmer provided an update on the current change orders.

Director Bockenstedt moved to approve the first reading of board policies: 409.3, 700, 701.5, 703.4, 703.5, 703.6, 703.7, 705.1R2, 711.1, 711.4, & 711.8. Director Hoeger seconded the movement. Motion Carried 5-0.

Director Kirby then introduced the following Resolution and moved that the Resolution be adopted.  Director Venteicher seconded the motion to adopt.  The roll was called and the following directors voted:

AYES: Elliot, Kirby, Hoeger, Venteicher, & Bockenstedt.

NAYS:    None.

The President declared the resolution adopted as follows:

RESOLUTION AUTHORIZING APPROVAL OF A LEASE PURCHASE AGREEMENT BETWEEN APPLE INC., AS LESSOR, AND EDGEWOOD-COLESBURG COMMUNITY SCHOOL DISTRICT, AS LESSEE, DATED FEBRUARY 10, 2024

WHEREAS, the Edgewood-Colesburg Community School District (the “School District”) is authorized by Iowa Code section 274.1 to hold property and execute lease purchase agreements for technology pursuant to Iowa Code sections 298.3 and 423F.3(1)(e), and to acquire items of technology as are needed to provide authorized programs and services, and to acquire such technology by entering into a lease with option to purchase agreement (“Lease Purchase Agreement”); and

WHEREAS, the Lease Purchase Agreement, consisting of the Master Lease Purchase Agreement, including Schedule No. 2003810290, Exhibit 1, Addendum to the Master Lease Purchase Agreement, and related Certificates, is for a technology transaction that exceeds $500 in value; and

WHEREAS, on February 5, 2019, the electors of the School District authorized a Physical Plant and Equipment property tax and income surtax for a period of 10 years commencing with the levy of property taxes for collection in the fiscal year ending June 30, 2020 and the imposition of a physical plant and equipment income surtax upon the state individual income tax of each individual income taxpayer resident in the school district on December 31 for each calendar year commencing with calendar year 2019, to be used for, among other authorized purposes, the lease-purchase of technology equipment;; and

WHEREAS, the School District has determined that it is necessary and desirable to provide for the educational needs of the School District by acquiring the technology listed in Exhibit 1 to Schedule No. 2003810290 to the Master Lease Purchase Agreement (the “Technology”) for the educational use of its students and staff; and

WHEREAS, Apple Inc. is willing to finance the Technology and lease the Technology to the District pursuant to the Lease Purchase Agreement and Edgewood-Colesburg Community School District is willing to lease the Technology from Apple Inc. pursuant to the Lease Purchase Agreement; and

WHEREAS, Edgewood-Colesburg Community School District has determined that this Lease Purchase Agreement will be funded with revenue from the voter approved Physical Plant and Equipment Levy;

NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of Edgewood-Colesburg Community School District, State of Iowa:

1.            The Board of Directors finds and determines that the Lease Purchase Agreement is in the best interest of Edgewood-Colesburg Community School District.  The Lease Purchase Agreement dated as of February 10, 2024, including Schedule No. 2003810290, Exhibit 1, Addendum, and Certificates between the Edgewood-Colesburg Community School District and Apple Inc., relating to the Technology as described in Exhibit 1 to the Lease Purchase Agreement, is authorized and approved subject to such variations, changes, insertions, deletions, and filling in of blanks as may be approved by Legal Counsel and the officers executing the Lease Purchase Agreement.  The execution and delivery of the Lease Purchase Agreement is conclusive evidence of approval of any such variations, changes, insertions, deletions, or filling in of blanks.

2.            For the sole purpose of qualifying the Lease as a "Qualified Tax-Exempt Obligation" pursuant to the Internal Revenue Code of the United States, the District designates the Lease as a qualified tax-exempt obligation and represents that the reasonably anticipated amount of tax-exempt government and Code Section 501(c)(3) obligations which will be issued during the current calendar year will not exceed $10,000,000.

3.            That any potential application of Board Policy No. 705.1 is waived for this transaction.

4.            That the Superintendent and Board Secretary are hereby authorized to take such action as they deem necessary and appropriate to enter into the Lease Purchase Agreement, upon the advice of Legal Counsel.

PASSED AND APPROVED this 8^th day of January, 2024.