SOUTHEAST WARREN COMMUNITY SCHOOL
Special Board Meeting
April 28, 2009
The Southeast Warren Board of Education met in special session
April 28,2009, in the media center of the Junior/Senior High School
building. Board President Paul Mead called the meeting to order
at 5:30 p.m. The following board members were present: Marianne
Lester and Jennifer Mihalovichh. Ron Miller arrived at 5:34 p.m.
Board Secretary Julie Wilson was also in attendance.
AGENDA: Motion by Jennifer Mihalovichh, seconded by Marianne Lester
to approve the agenda. Ayes: 3. (Ron Miller was absent from the
RESULTS OF BOND SALE: Matt Gillaspie, from Piper Jaffray & Co.,
was present to review the results of the bond sale with the Board.
Refinancing of the bonds resulted in a net savings of $218,375.09
over the remaining ten years left to pay on the bonds.
RESOLUTION DIRECTING SALE OF BONDS: Motion by Ron Miller, seconded
by Jennifer Mihalovichh to approve the resolution directing the
sale of $2,515,000 General Obligation School Refunding Bonds, Series
2009. Roll call vote was taken. Ayes: Miller, Mihalovichh, Lester
and Mead. Motion passed 4:0.
RESOLUTION AUTHORIZING THE REDEMPTION OF OUTSTANDING SCHOOL
Motion by Marianne Lester, seconded by Ron Miller to approve the
resolution authorizing the redemption of outstanding school bonds
of the Southeast Warren Community School District, State of Iowa,
dated May 1, 1999 and directing notice be given. Roll call vote
was taken. Ayes: Mihalovichh, Lester, Mead and Miller. Motion passed
President Paul Mead adjourned the meeting at 5:51 p.m.
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