Agenda Item
Meeting Date: 5/13/2019 - 6:30 PM
Category: New Business
Type: Action
Subject: The Sale of Bonds
Board Goals:
6. 2018-2019, 17-18, 16-17, 15-16, 14-15, 13-14, 12-13 & 11-12: Assure a safe environment
Assure that all children and staff are in a safe environment through the continued maintenance and review of the district's crisis/disaster plans and the continued cooperation of various outside agencies.
Policy: DC - Taxing and Borrowing Authority/Limitations
Enclosure: Parameters
File Attachment:
Raytown - Bond Resolution.pdf
Background & Rationale: The board has two options when selling bonds. One is to set a date of the sale, sell the bonds, then hold a special board meeting to approve the sale. The second option is to set parameters of the sale. After setting those parameters, the broker and administration will monitor the market and sell the bonds at an advantageous time in the market.
Budget to be Charged: Fund 4
Motion: I move to accept the Bond Resolution as presented.
Approvals:
Recommended By:
Signed By:
Dr. Steve Shelton - Associate Superintendent of Operations
Signed By:
Jacqueline Vernon - Finance Supervisor
Signed By:
Dr. Allan Markley - Superintendent