The Putnam City Schools Board of Education of Independent School District No. One of Oklahoma County, State of Oklahoma, met in regular session Monday, November 5, 2007 at 6:00 p.m. in the Board room at the Administration Building, 5401 NW 40th, Oklahoma City, Oklahoma. The agenda and meeting notice were posted on Friday, November 2, 2007 at 4:30 p.m. in accordance with 25 O.S. § 311.

Members present: Julie Jenison, president; Gail LoPresto, vice-president; Sue Sullivan, Melinda Bookout, and Jerry Cramer, members; Superintendent Dr. Jim Capps; Debbie Baldwin, clerk; and others.

ITEM #1 - Inspirational Message, Moment of Silence, and Pledge of Allegiance – randy rader.

Randy Rader, Principal at Northridge Elementary, led in the Inspirational Message, Moment of Silence, and Pledge of Allegiance.

ITEM  #2 – public participation.

There was no public participation.

ITEM  #3 - Consent Agenda: All of the following items, which concern reports and items of a routinE nature normally approved at board meetings, will be approved by one vote unless any board member desires to have a separate vote on any or all of these items. The CONSENT CONSISTS of the discussion, consideration, and approval of the following items:

Melinda Bookout made a motion to approve the consent agenda as presented. Gail LoPresto seconded the motion. Vote: Sullivan, aye; Cramer, aye; Bookout, LoPresto, aye; Jenison, aye.

a. Minutes for regular board meeting October l5, 2007.

b. Financial report and bimonthly bills for purchase order numbers 804390001 through 807617710 inclusive for time period from October 9-30, 2007 for the 2007-2008 school year.

c. Declaration of obsolete and/or surplus items.

d. School Activity Fund Transfer List.

e. Elementary and Secondary Fund-raisers.

PUTNAM CITY SCHOOLS
NOVEMBER - DECEMBER Fund-raisers
Board of Education Meeting
November 5, 2007

HARVEST HILLS
Activity/Subaccount
Candy grams/Cancer Research
$ 1,700.00
Date: Nov./Dec./Feb.
(PC cancer drive)

Activity/Subaccount
Book Fair/Media Center
$ 2,500.00
Date: Nov./April
(purchase of books for media center and promotional materials for students)

NORTHRIDGE
Activity/Subaccount
Sell books in conjunction with author visit by John Brooks
$ 150.00
Date: November 12
(School will receive $2 for each book sold) /Library Media (books for library and expenses relatedto this visit, as well as future author visits)

ROLLINGWOOD
Activity/Subaccount
Picture retakes/Pictures
$ 200.00
Date: November 30
(classroom materials, supplies, equipment)

WILEY POST
Activity/Subaccount
Family Bingo Night/AIE
$ 5,000.00
Date: November 8
(art supplies, butterfly garden, construction paper, artist-in-residence, art-related field trips)

WILL ROGERS
Activity/Subaccount
Candy grams/General
$ 100.00
Date: Nov. 14-16
(OMRF donation)

Activity/Subaccount
Santa pictures/General
$ 600.00
Date: November
(OMRF donation)

CAPPS MIDDLE
Activity/Subaccount
Spaghetti dinner w/bands and orchestra entertaining
$ 1,500.00
Date: November 13
Band (travel, contest fees, summer band camp scholarships)

Activity/Subaccount
Sell snacks to students/Family Consumer Science
$ 200.00
Date: Ongoing thru Dec.
(classroom consumables, supplies; activities)

Activity/Subaccount
Sell Jingle Grams/Cancer
$ 300.00
Date: Dec. 11-19
(cancer carnival supplies)

f. Overnight Travel Requests.

g. Out of State Trips.

1. Putnam City High School Debate students to Debate Tournament in Austin, Texas November 29 through December 2, 2007.

h. Retirements and resignations as listed on Attachment A.

ITEM #5 - Consideration of and vote on recommendation of employment of new personnel as listed on Attachment A.

Sue Sullivan made a motion to approve employment of new personnel as listed on Attachment A. Gail LoPresto seconded the motion. Vote: Sullivan, aye; Cramer, aye; Bookout, aye; LoPresto, aye; Jenison, aye.

ITEM  #6 - Consideration of and vote on motion to approve board meeting dates and times for 2008.

Jerry Cramer made a motion to approve Board Meeting Dates and Times for 2008. Melinda Bookout seconded the motion. Vote: Sullivan, aye; Cramer, aye; Bookout, aye; LoPresto, aye; Jenison, aye.

DATE TIME PLACE

Thursday, January 10, 2008 6:00 p.m. Administration Bldg.
Tuesday, January 22, 2008 6:00 p.m. 5401 NW 40th, OKC
Monday, February 4, 2008 6:00 p.m. (Same for all meetings)
Monday, February 18, 2008 6:00 p.m.
Monday, March 3, 2008 6:00 p.m.
Monday, April 7, 2008 6:00 p.m.
Monday, April 21, 2008 6:00 p.m.
Monday, May 5, 2008 6:00 p.m.
Monday, May 19, 2008 6:00 p.m.
Monday, June 2, 2008 5:00 p.m.
Thursday, June 26, 2008 5:00 p.m.
Monday, July 7, 2008 5:00 p.m.
Monday, July 21, 2008 5:00 p.m.
Monday, August 4, 2008 5:00 p.m.
Monday, August 18, 2008 6:00 p.m.
Monday, September 8 2008 6:00 p.m.
Monday, September 22, 2008 6:00 p.m.
Monday, October 6, 2008 6:00 p.m.
Monday, October 20, 2008 6:00 p.m.
Monday, November 3, 2008 6:00 p.m.
Monday, November 17, 2008 6:00 p.m.
Monday, December 1, 2008 5:00 p.m.

ITEM #7 - Consideration of and vote on motion to approve a resolution for the putnam city school district annual election to the oklahoma county election board.

Sue Sullivan made a motion to approve a resolution for the Putnam City School District Annual Election to the Oklahoma County Election Board. Jerry Cramer seconded the motion. Vote: Sullivan, aye; Cramer, aye; Bookout, aye; LoPresto, aye; Jenison, aye.

The Annual School Election for Board position #3 will be held on Tuesday, February 5, 2008, and the Annual School Run-off Election, if necessary, will be on the 1st day of April, 2008. The filing period for Board of Education candidates opens at 8:00 a.m., Monday, December 3, 2007 and closes at 5:00 p.m. Wednesday, December 5, 2007.

Mrs. Jenison asked if anyone in the audience wished to announce their candidacy. There was no one.

ITEM #8 – CONSIDERATION OF AND take action on a resolution determining the maturities of, and setting a date, time, and place for the sale of the $11,950,000 General Obligation Combined purpose bonds of the putnam city school district.

Gail LoPresto made a motion to set Wednesday, November 28, 2007 at 12:00 noon in the Administration Board Room for the sale of the $11,950,000 General Obligation Combined Purpose Bonds of the Putnam City School District. Sue Sullivan seconded the motion. Vote: Sullivan, aye; Cramer, aye; Bookout, aye; LoPresto, aye; Jenison, aye.

ITEM #9 – CONSIDERATION OF AND VOTE ON MOTION TO APPROVE CONTRACT WITH THE FLIPPEN GROUP FOR AN INSERVICE, CAPTURING KIDS’ HEARTS, TO BE HELD JULY 8-10, 2008.

Gail LoPresto made a motion to approve the contract with The Flippen Group for an Inservice, Capturing Kids’ Hearts, to be held July 8-10, 2008. Jerry Cramer seconded the motion. Vote: Sullivan, aye; Cramer, aye; Bookout, aye; LoPresto, aye; Jenison, aye.

Bringing the folks who present the Capturing Kids’ Hearts inservice to Putnam City allows us to train many more teachers for much less money. It also allows teachers who would not be able to participate in an overnight conference to gain the valuable skills Capturing Kids’ Hearts provides.

ITEM  # 10 – consideration of and vote on motion to approve lowest responsible bid from presidio network for wireless networks. ($382,827.20 from 32-190)

Gail LoPresto made a motion to approve the lowest responsible bid from Presidio Network for wireless networks. Sue Sullivan seconded the motion. Vote: Sullivan, aye; Cramer, aye; Bookout, aye; LoPresto, aye; Jenison, aye.

ITEM #11 – SUPERINTENDENT’S REPORT.

· Congratulations to the Putnam City North pom squad for being invited to perform at the Oklahoma Centennial Celebration to be held at the Ford Center on November 16th. They will be sharing the stage with such famous Oklahomans as Vince Gill, Reba McEntire, Toby Keith, Garth Brooks, Carrie Underwood, The Flaming Lips and the All-American Rejects.

· Congratulations to Western Oaks Elementary for receiving a $30,000 grant from the Harris Foundation. The grant, written by media specialist Jodi Williams, will be used for LCD projectors and carts for every classroom and allow each teacher to do PowerPoint presentations and project information from their computer.

· In an assembly purportedly called for Putnam City West High School students and staff to hear from State Superintendent of Education Sandy Garrett about improving student achievement at the school, hundreds of students and teachers instead heard the surprise announcement that Putnam City West English teacher Dionne Liebl had won one of the most prestigious awards a teacher may earn: the Milken Family Foundation’s National Educator Award and a check for $25,000.

· Congratulations to Putnam City North for hosting the 2007 Oklahoma Association of Student Councils (OASC) convention. The theme for the convention was "Oklahoma Leadership: The Best in the West" because it ties into Oklahoma’s Centennial Celebration. Approximately, 2,000 students and sponsors from throughout Oklahoma visited Putnam City North over the past weekend listening to speakers and participating in various activities.

· Congratulations to the football teams of Putnam City High and Putnam City North for making the state playoffs. The two teams play each other in the first round of the playoffs at 7:30 p.m. on Friday at Putnam City Stadium.

ITEM #12 – COMMENTS BY BOARD MEMBERS.

Sue Sullivan said it was good to hear the good news in the Superintendent’s report. She congratulated Dionne Liebl for receiving the Milken Award. Mrs. Sullivan welcomed Boy Scout Drew Cranford to the meeting.

Jerry Cramer congratulated those mentioned in the Superintendent’s report. He made special mention of Dionne Liebl for receiving the Milken Award. Mr. Cramer said that Putnam City has many teachers who are deserving of such an award. He commented on the State Student Council Convention and the great amount of work involved by Putnam City North in hosting the convention.

Melinda Bookout also congratulated those mentioned in the Superintendent’s report. She said she appreciated Board President Julie Jenison and the part she played in Putnam City North hosting the State Student Council Convention. Mrs. Bookout, who is currently in Board position #3, said she has not yet decided whether to run for the school board again. She said she hopes others will decide to run and said every board seat should be contested honorably and respectfully.

Gail LoPresto congratulated Dionne Liebl for receiving the Milken Award. She also said she was very impressed with Putnam City West High School’s presentation and celebration honoring Dionne Liebl.

Julie Jenison also congratulated Dionne Liebl saying it was a great day at Putnam City West. She said Putnam City North did a good job hosting the State Student Council Convention. Mrs. Jenison said the Putnam City West drama production of All I Really Need to Know I Learned in Kindergarten was well done. She mentioned the Principals’ Brunch would be held on Thursday, December 13, 2007 at 9:30 a.m. at the Epiphany of the Lord Catholic Church.

ITEM #13 – Consideration of and vote on motion FOR NEW BUSINESS.

There was no new business.

ITEM #14 – CONSIDERATION OF AND VOTE ON MOTION TO ADJOURN AND RECONVENE AT THE PUTNAM CITY CENTER FOR A TOUR OF THE PROFESSIONAL DEVELOPMENT CENTER, CHILD NUTRITION DEPARTMENT, BAKERY, AND WAREHOUSE.

Gail LoPresto made a motion at 6:25 p.m. to adjourn and reconvene at the Putnam City Center for a tour of the Professional Development Center, Child Nutrition Department, Bakery, and Warehouse. Melinda Bookout seconded the motion. Vote: Sullivan, aye; Cramer, aye; Bookout, aye; LoPresto, aye; Jenison, aye.

ITEM #15 – RECONVENE THE BOARD MEETING.

Melinda Bookout made a motion at 6:40 p.m. to reconvene the meeting. Gail LoPresto seconded the motion. Vote: Sullivan, aye; Cramer, aye; Bookout, aye; LoPresto, aye; Jenison, aye.

Board members, administrators, clerk, and others toured the Professional Development Center, Child Nutrition Department, Bakery, and Warehouse.

ITEM #16 – CONSIDERATION OF AND VOTE ON MOTION TO ADJOURN.

Sue Sullivan made a motion at 7:15 p.m. to adjourn. Melinda Bookout seconded the motion. Vote: Sullivan, aye; Cramer, aye; Bookout, aye; LoPresto, aye; Jenison, aye.

REGULAR BOARD OF EDUCATION MEETING
Monday, November 19, 2007

The Putnam City Schools Board of Education of Independent School District No. One of Oklahoma County, State of Oklahoma, met in regular session Monday, November 5, 2007 at 6:00 p.m. in the Board room at the Administration Building, 5401 NW 40th, Oklahoma City, Oklahoma. The agenda and meeting notice were posted on Thursday, November 15, 2007 at 4:30 p.m. in accordance with 25 O.S. § 311.

Members present: Julie Jenison, president; Gail LoPresto, vice-president; Sue Sullivan, Melinda Bookout, and Jerry Cramer, members; Superintendent Dr. Jim Capps; Debbie Baldwin, clerk; and others.

ITEM #1 - Inspirational Message, Moment of Silence, and Pledge of Allegiance – Pam miller.

Pam Miller, Principal at Will Rogers Elementary, led in the Inspirational Message, Moment of Silence, and Pledge of Allegiance.

ITEM #2 – ballroom dancing performance by will rogers elementary 5th grade students.

Six Will Rogers Elementary 5th grade students performed for the Board of Education.

ITEM#3 – budget presentation – steve myers, director of finance.

Steve Myers, Director of Finance, gave an overview of the proposed district budget for 2007-2008.

The General Fund consists of 63% of the 2008 budget, Bonds and MAPS - 22%, Sinking Fund – 7%, Building Fund – 4%, and Child Nutrition – 4%. Investment revenue has risen from $327,434 in 2003 to $1,462,457 in 2007. Average interest rates in 2003 were .98% compared to 4.55% in 2007. Mr. Myers said $31.44 million of revenue is funded locally; $4.5 million is funded by the county; $68.43 million is funded by the state; $10.1 million is federally funded; and $0.3 million is funded by other revenue, to total $114,774,420 for 2008 budget.

Eighty-seven percent of the General Fund budget is projected to be spent on salaries and benefits, 5% on departmental and school budgets, 4% on district overhead, 3% on state and federal grants, and 1% on unbudgeted appropriation.

Building Fund revenue is projected at $4,381,042 with 31% on capital outlay, 24% on buildings and maintenance, 7% on utilities, 9% on equipment, and 29% on unallocated appropriation.

The Child Nutrition Fund had a total of $6,216,686 collected in 2007. This year, the budgeted amount for revenue is projected at $6,453,945. Thirty-nine percent of Child Nutrition expenditures go to labor, 39% to the product, 14% to management, and 8% is unbudgeted.

ITEM #4 – public participation.

There was no public participation.

ITEM #5 – Consent Agenda: All of the following items, which concern reports and items of a routinE nature normally approved at board meetings, will be approved by one vote unless any board member desires to have a separate vote on any or all of these items. The CONSENT CONSISTS of the discussion, consideration, and approval of the following items:

Melinda Bookout made a motion to approve the consent agenda as presented. Gail LoPresto seconded the motion. Vote: Sullivan, aye; Cramer, aye; Bookout, LoPresto, aye; Jenison, aye.

a. Minutes for regular board meeting November 5, 2007.

b. Financial report and bimonthly bills for purchase order numbers 806245092 through 808112125 inclusive for time period from October 30 – November 13, 2007 inclusive for the 2007-2008 school year.

c. Declaration of obsolete and/or surplus items.

d. Elementary and Secondary Fund-raisers.

NOVEMBER - DECEMBER Fund-raisers
Board of Education Meeting
November 19, 2007

APOLLO
Activity / Subaccount Singing Christmas cards / Vocal Music $ 100.00
Date: December 11-20 (program and chorus music, program supplies)

CENTRAL INTERMEDIATE
Activity / Subaccount Candy grams / Leadership $ 400.00
Date: December 10-21 (school projects, butterfly garden)

WESTERN OAKS
Activity / Subaccount Students making small puppets to sell to other $ 150.00
Date: December 3-7 students / Art Club (art supplies for Art Club)

Activity / Subaccount Santa Express–Candy grams / STUCO/Cancer Fund $ 200.00
Date: Month of December (cancer fund)

WILL ROGERS
Activity / Subaccount Candy grams / General $ 100.00
Date: December 12-14 (OMRF donation)

WINDSOR HILLS
Activity / Subaccount Santa pictures / General $ 600.00
Date: December 7 (classroom libraries)

CAPPS MIDDLE
Activity / Subaccount Spirit Week / Care Share $ 300.00
Date: November 26-30 (Care Share family adoptions)

e. Overnight Travel Requests.

f. Out of State Trips:

1. Putnam City West High School Varsity Cheer Squad to New York City, New York, March 14-17, 2008.

2. Putnam City High School Basketball Team to Forrest City, Arkansas, November 22-25, 2007.

3. Putnam City High School Basketball Team to Lewes, Delaware, December 26-30, 2007.

4. Putnam City North High School students to participate in BEST Robotic Competition in Ft. Smith, Arkansas, November 29 – December 1, 2007.

g. Retirements and resignations as listed on Attachment A.

ITEM #6 - Consideration of and vote on recommendation of employment of new personnel as listed on Attachment A.

Sue Sullivan made a motion to approve employment of new personnel as listed on Attachment A. Jerry Cramer seconded the motion. Vote: Sullivan, aye; Cramer, aye; Bookout, aye; LoPresto, aye; Jenison, aye.

ITEM #7 - Consideration of and vote on motion to approve the fiscal year 2008 budget guide.

Melinda Bookout made a motion to approve the Fiscal Year 2008 Budget Guide. Gail LoPresto seconded the motion. Vote: Sullivan, aye; Cramer, aye; Bookout, aye; LoPresto, aye; Jenison, aye.

ITEM #8 - Consideration of and vote on motion to approve contract for career and technology programs.

Melinda Bookout made a motion to approve Contract for Career and Technology Programs. Gail LoPresto seconded the motion. Vote: Sullivan, aye; Cramer, aye; Bookout, aye; LoPresto, aye; Jenison, aye.

ITEM #9 – CONSIDERATION OF AND vote on motion to approve change order #1 submitted by pope contracting, inc. for the science labs renovations at putnam city west high school. ($104,831.50 from 24-256)

Sue Sullivan made a motion to approve Change Order #1 submitted by Pope Contracting, Inc. for the Science Labs Renovations at Putnam City West High School. Gail LoPresto seconded the motion. Vote: Sullivan, aye; Cramer, aye; Bookout, aye; LoPresto, aye; Jenison, aye.

Change order #1 will allow for handicap accessible restrooms to satisfy requirements of the City of Oklahoma City, replacement of breakers and receptacles different from the base bid and addition of 1 ½ gallon dilution tanks to each lab sink.

ITEM #10 – SUPERINTENDENT’S REPORT.

· Item of Information for Board Policy, Attendance – EF, will be on the agenda for the December 3, 2007 Board Meeting.

· Putnam City middle school students and 27 district high school students earned spots in Central Oklahoma Director’s Association (CODA) honor bands following auditions held in early November at Edmond Santa Fe High School.

· Capps Middle School science teacher Bethany Hepler received a $50,000 grant provided by the Oklahoma NASA Space Grant Consortium. The grant will allow 8th-grade honors’ students from Capps Middle School to attend a three-day field trip at the Johnson Space Center in Houston.

· Putnam City West student Eva Anaya and Putnam City High School students Angelo Trigoso and Angela Peralta were each awarded a $500 scholarship at the annual Tomás Rivera Educational Empowerment Conference at OU in early November.

· Putnam City High School student Jimmy Morley is one of 10 students in the state to be selected by KOCO-TV as a student reporter for their "High School Playbook." Jimmy will be trained in December and start in January as a paid online reporter.

· A team of Harvest Hills Elementary School students finished first in their 12-team region and second among 105 teams in the state in a stock market game sponsored by the Oklahoma Council on Economic Education. Every other team in competition was either a middle school team or high school team.

· Coronado Heights music teacher Vivian Rice and Ralph Downs Elementary School music teacher Christi Miller wrote an original musical for the Oklahoma Centennial that has been performed not only by elementary schools around the district and the metro area. Fourth and 5th graders learned so much about the state of Oklahoma, and it was a great summarization of our great state’s history!

· Congratulations to Lake Park Elementary School for receiving a $1,000 matching grant from Wal-Mart to help purchase additional amplification systems for classrooms.

· Hefner Middle School’s PEAK students competed in the annual state TIVY Math Tournament in Moore on Nov. 15th. Hefner’s 6th-grade, 7th-grade and 8th-grade teams each captured first-place team trophies at the tournament. Students won individual trophies, too, with Tyler Watson, Nathan Moelling and Nick Webster winning first, second and third in 7th-grade competition and Brooks Walker winning third in 8th-grade competition. The teams are coached by Ann Chesney and Barbara Fowler.

ITEM #11 – COMMENTS BY BOARD MEMBERS.

Sue Sullivan congratulated everyone mentioned in the Superintendent’s Report. She said she enjoyed attending the 50th anniversary celebration and the Veterans’ Day program at Kirkland Elementary. Mrs. Sullivan commented on the amazing things being done in the district’s Even Start program in terms of literacy preparation to help young children be on track to succeed when they enter school.

Jerry Cramer thanked Will Rogers Principal Pam Miller for her inspirational message. He said he enjoyed the ballroom dancing performance by the Will Rogers students. Mr. Cramer thanked Steve Myers for his hard work on the 2008 budget.

Melinda Bookout thanked Steve Myers for his budget presentation. She thanked the Will Rogers Elementary dancers and said she enjoyed their performance. Mrs. Bookout wished everyone a blessed Thanksgiving.

Gail LoPresto thanked Steve Myers for his budget preparation and presentation and thanked Nancy Ellis for a good job of investing district funds. She said she had recently changed jobs, for the most part limiting her attendance at school events to evenings.

Julie Jenison said she enjoyed the Will Rogers Elementary dancers. She wished everyone a wonderful Thanksgiving.

ITEM #12 – Consideration of and vote on motion FOR NEW BUSINESS.

There was no new business.

ITEM #13 – CONSIDERATION OF AND VOTE ON MOTION TO ENTER INTO EXECUTIVE SESSION FOR THE PURPOSE OF CONDUCTING AN INFORMAL EVALUATION, AS REQUIRED BY DISTRICT POLICY, OF THE SUPERINTENDENT PURSUANT TO 25 O.S., § 307 (B)(1) AND (B)(7).

Melinda Bookout made a motion at 6:50 p.m. to enter into executive session for the purpose of conducting an informal evaluation, as required by district policy, of the Superintendent pursuant to 25 O.S., § 307 (B)(1) and (B)(7). Sue Sullivan seconded the motion. Vote: Sullivan, aye; Cramer, aye; Bookout, aye; LoPresto, aye; Jenison, aye.

ITEM #14 – CONSIDERATION OF AND VOTE ON MOTION TO RETURN TO OPEN SESSION AND TO REQUEST THE BOARD CLERK TO RECORD THE MINUTES OF THE EXECUTIVE SESSION.

Melinda Bookout made a motion at 7:58 to return to open session and to request the Board Clerk to record the minutes of the executive session. Gail LoPresto seconded the motion. Vote: Cramer, aye; Bookout, aye; LoPresto, aye; Jenison, aye.

MINUTES OF THE EXECUTIVE SESSION: Board President Julie Jenison, Vice President Gail LoPresto, and members Melinda Bookout, Sue Sullivan, and Jerry Cramer, Laura Holmes, legal counsel, and Superintendent Dr. Jim Capps met in executive session for the purpose of conducting an informal evaluation of the Superintendent, pursuant to 25 O.S. § 307 (B)(1) and (B)(7).

No action was taken.

ITEM #15 – CONSIDERATION OF AND VOTE ON MOTION TO ADJOURN.

Jerry Cramer made a motion at 7:59 p.m. to adjourn. Melinda Bookout seconded the motion. Vote: Cramer, aye; Bookout, aye; LoPresto, aye; Jenison, aye.

ITEM #1 – CALL TO ORDER AND RECORDING OF MEMBERS PRESENT AND ABSENT.

Julie Jenison called the meeting to order at 12:00 noon.

Members present: Julie Jenison, president; Gail LoPresto, vice president; Sue Sullivan, member; Superintendent Dr. Jim Capps; Debbra Baldwin, clerk, and others. Jerry Cramer and Melinda Bookout were not present.

ITEM #2 – CONSIDERATION OF AND VOTE ON MOTION TO APPROVE AN AGREEMENT FOR BOND COUNSEL SERVICES WITH HILBORNE AND WEIDMAN.

Sue Sullivan made a motion to approve an agreement for Bond Counsel Services with Hilborne and Weidman. Gail LoPresto seconded the motion. Vote: Sullivan, aye; LoPresto, aye; Bookout, aye.

ITEM #3 – CONSIDERATION OF AND VOTE ON MOTION TO RECEIVE BIDS FOR THE $11,950,000 GENERAL OBLIGATION COMBINED PURPOSE BONDS OF THE PUTNAM CITY SCHOOL DISTRICT, AND AWARD BONDS TO THE LOWEST BIDDER.

Stephen H. McDonald of Steve McDonald & Associates, Inc., who is the financial adviser for Putnam City Schools, read the bids.

Bids Received Net Interest Cost Average Rate

Wells Fargo Brokerage Services, LLC $1,506,805.00 3.596193%

Morgan Stanley & Co., Inc. $1,535,314.00 3.664234%

Sovereign Securities $1,554,831.50 3.710815%

BB & T Capital Markets $1,567,310.00 3.740597%

UBS Securities $1,586,630.50 3.786708%

Gail LoPresto made a motion to receive the bids for the $11,950,000 General Obligation Combined Purpose Bonds of this school district and award bonds to the lowest bidder who is Wells Fargo Brokerage Services, LLC for $1,506,805 at an interest rate of 3.596193%. Sue Sullivan seconded the motion. Vote: Sullivan, aye; LoPresto, aye; Jenison, aye.

ITEM #4 – CONSIDERATION OF AND VOTE ON MOTION TO TAKE ACTION ON A RESOLUTION PROVIDING FOR THE ISSUANCE OF GENERAL OBLIGATION COMBINED PURPOSE BONDS IN THE SUM OF $11,950,000 BY THE PUTNAM CITY SCHOOL DISTRICT, AUTHORIZED AT AN ELECTION CALLED AND HELD FOR SUCH PURPOSE; PRESCRIBING FORM OF BONDS; DESIGNATING BONDS FOR CERTAIN PROVISIONS OF THE Internal Revenue Code; deeming the preliminary official statement to be "final" for the purposes of SEC rule 15(C)2-12; AGREEING TO COMPLY WITH CONTINUING DISCLOSURE REQUIREMENTS OF SEC RULE 15(C)2-12; PROVIDING FOR REGISTRATION THEREOF; PROVIDING FOR LEVY OF AN ANNUAL TAX FOR THE PAYMENT OF PRINCIPAL AND INTEREST ON THE SAME; AND FIXING OTHER DETAILS OF THE ISSUE.

Sue Sullivan made a motion for the issuance of General Obligation Combined Purpose Bonds by the Putnam City School District, authorized at an election called and held for such purpose; prescribing form of bonds; designating bonds for certain provisions of the Internal Revenue Code; deeming the preliminary official statement to be "final" for the purposes of SEC rule 15(C)2-12; agreeing to comply with continuing disclosure requirements of SEC rule 15(C)2-12; providing for registration thereof; providing for levy of an annual tax for the payment of principal and interest on the same; and fixing other details of the issue. Gail LoPresto seconded the motion. Vote: Sullivan, aye; LoPresto, aye; Jenison, aye.

ITEM #5 – CONSIDERATION OF AND VOTE ON MOTION TO ADJOURN.

Sue Sullivan made a motion at 12:10 p.m. to adjourn the meeting. Gail LoPresto seconded the motion. Vote: Sullivan, aye; LoPresto, aye; Jenison, aye.