November 2012 Board Minutes

Lakeside Board of Education
Regular Meeting

Staff Development Room
Annual Report to the Public
November 12, 2012

5:30 P.M.


The meeting was called to order by the president.  The following members were presented: Mr. Collins, Ms. Griffin, Mr. Livingston and Mrs. Walker.  Mr. Geno Mazzanti, Mr. Joe Mazzanti and Mrs. Green were absent.

The superintendent gave the attendance and financial reports, discussed the band requesting a trip to New Orleans and the yearly bonus to employees.

Ray Beardsley, Vice-President of First Security requested that the district make application to the Arkansas Department of Education for the purpose of refunding the outstanding bond issue dated April 1, 2005 (Eudora) to save a $100, 151.46 as of June 1, 2013 which will total  $128,388.96 by June 1, 2024.

A motion was made by Mr. Collins and seconded by Ms. Griffin to submit an “Application for a Permit to issue Bonds, with related documents for $1,430,000 in Refunding Bonds to the State Department of Education and to employ First Security Beardsley Public Finance as Fiscal Agent and to authorize the Superintendent of Schools to accept or reject the best bid submitted in connection with the public sale of the proposed bonds in consultation with the fiscal agent.  The motion carried.

The assistant superintendent and principals gave an annual report to the public.  The patrons were allowed to ask questions.

There being no further business, the meeting adjourned at 6:45 P.M.