CELINA CITY BOARD OF EDUCATION

AUGUST 16, 2004

               The Celina City Board of Education met in regular session on August 16, 2004 at 6:00 p.m. in the conference room of the Education Complex.  Mrs. Lehman led those in attendance in the Pledge of Allegiance.  Mr. Fetters, Mr. Gilmore, Mrs. Hoyng, Mrs. Lehman, and Mr. Rable answered the roll call. 

04-59      On a motion by Mr. Gilmore, seconded by Mrs. Hoyng, the Board set the agenda as amended.

               VOTE: Mr. Fetters: Aye, Mr. Gilmore: Aye, Mrs. Hoyng: Aye, Mrs. Lehman: Aye,

                           Mr. Rable: Aye. Approved.

Phil Long, CEA President, reminded the Board and the public that school will soon be opening and that they are hosting the opening day meeting.

               Presentation of the consensus agenda:

               Treasurer’s Report – Mr. Mike Marbaugh

               1.   Approve the minutes of the July 19, 2004 regular meeting, the July 27, 2004 public hearing and the August 3, 2004 special meeting.                                       

               2.   Recommend approval of the checks written for July 2004 of $3,413,512.46.

                     Total expenditures for July 2004 were $3,404,143.12.                     

               3.   Approval of the investments for the period. The balance as of 8/11/04 is $7,709,507.52.       

               4.   Recommend approval of an amended annual appropriation resolution: (Note: only the adjustments to the previous document appear in the Minutes.)    

               5.   Approval of SM-2 for July 2004.                          

               6.   Resolution to set the tuition rate for 2004-2005 of $3,277.77 annually.

                     7.   Resolution to select Shakley Uniserve for membership in the Workers Compensation rating group.                           

               8.   Resolution to make the following transfer of funds:

                           From                                     To                                            Amount                       

                           General fund                          Summer School                         $42,571.23

9.       Appointment of a Mrs. Lehman as delegate and Matt Gilmore as alternate to the OSBA Business meeting in November

               Business Manager’s Report – Mr. Mike McKirnan     

               Personnel

               Recommend approval of the following substitutes for the 2004-05 school year:                 

               Mary Adkins – cafeteria                                Madonna Ahrens – cafeteria

               Devona Albright – aide, cafeteria                    Rashell Bigelow – cafeteria

               Olan Bole – custodian                                     Terry Borger – custodian

               Jodi Brandon – aide, cafeteria, custodian          Sara Custer – cafeteria

               Doris Dutra – aide, cafeteria                           Murlada Everett – aide, cafeteria

               Shelly Felver – custodian                                Terry Ferguson – bus driver                  

               Dick Garwood – custodian                              Patricia Geise – aide, cafeteria

               Gracie Gerken – custodian                              Marcia Hainline – aide, cafeteria

               Sue Harman – aide                                         Joyce Howell – aide

               Brandi Huber – aide, cafeteria                                    Ken Lange – bus driver                        

               Theresa Lochtefeld – aide, cafeteria                Leslie Muhlenkamp – bus driver

               Jodie Myers – bus driver                                 Scott Pierstorff – bus driver

               Becky Poeppleman – aide, cafeteria, custodian Donna Pond – aide, cafeteria

               Donna Post – aide                                          Joyce Schmidt – aide, cafeteria

               Tim Schoen – bus driver                                  Mary Jo Severt – aide, bus driver

               Karla Smith – aide                                          Deb Sneddon – aide, cafeteria, custodian

               Lisa Sneddon – aide, cafeteria                         Connie Steinbrunner – custodian

               Karla Stiverson – aide, bus driver, cafeteria      Linda Valentine – cafeteria, custodian

               J udy Waterman – aide, cafeteria                     Veronica Weiler – aide, cafeteria

               Pamela Weis – custodian                                Jerry Weisman – bus driver

               Wayne Wiehe – bus driver                              Susan Wilker – aide, cafeteria, custodian

               Kim Williams – cafeteria                                

               Resolution

               Recommend approval of the 2004-05 bus routes as presented.             

               Superintendent’s Report– Mr. Fred Wiswell

               Personnel

1.   Recommend approval of the following substitutes for the 2004-05 school year:        

               Rick Bachelor, 7-12 Integrated Social Studies   Jill Bell, PS-3/Reading

               Alison Bender, PS-3                                       Frank Billerman, K-12 SLD/SBH/DH

               Sarah Bomholt, K-8                                        William Bowerstock, Voc. Integrated Business

               Tracy Brockman, PS-3                                   John Bruns, 7-12 History, Math

               Louis Brunswick, 7-12 Health, Phys Ed, Biology, Science        

               Tara Carr-Homan, PS-3                                 Patricia Clark, K-12 Music

               Rebecca Covey, PS-3                                     Gwen Cron, 7-12 English & French

               Susan Cubberley, 1-8                                      Becky Dale, 1-8

               Angela Dicksen, PS-3                                     Teresa Dorsten, 1-8

               Jill Dull, 7-12 French                                       Fred Engelhardt, 7-12 Comp Science

               Norma Enyart, 1-8                                          Susan Etzcorn, PS-3

               Karen Fahncke, 7-12 Humanities                     Cynthia Buschor, 1-8

               Valerie Fetters, Voc Integrated Business         Jay Fledderjohann, Voc Agriscience

               Krisann Franck, 4-9 Social Studies                   Julie Fullenkamp, PS-3

               Ann Giesige, 7-12 Integrated Social Studies      Amanda Gross, PS-3

               Garrett Giesige, 4-12 Integrated Business         Nancy Head, K-8

               Joseph Gigandet, General Education                Sheila Gudorf, K-12 Music

               Donna Heyne, Voc Integrated Business           Mark Highley, PS-3

               Casey Hinton, PS-3                                        Susan Homan, PS-3

               Krista Hughes, 7-12 Integrated Language Arts Sylvia Hux, K-8

               Angela Imel, General Education                      Nicole Kaiser, PS-3

               Kathy Kanney, 4-12 Integrated Business         Keith Kivlin, 7-12 History, English

               Andrew Klosterman, 4-9 Social Studies           Mandy Koenig, 1-8

               Vicki Koesters, PS-3                                      Martin Krick, 7-12 Integrated Social Studies

               Tiffany Laffin, 1-8                                          Rebecca Lefeld, PS-3

               Roberta LePage, 4-9 Social Studies                 Cassandra Lewis, PS-3

               Patricia Loughrige, 1-8, gifted                          E Virginia Loyer, K-12 Music

               Mike Maag, 7-12 Journalism                           Lois Mackey, Voc Integrated Business

               Marie McKirnan, Voc General Marketing        Karen Miller, K-12 Special Ed

               Bill Menchhofer,7-12 Comput Scien/Bookkpg   Leslie Pecilunas, 1-8

               Leslie Muhlenkamp, 4-12 Integrated Business  Marilyn Napier, PK-12 Health

               Rick Muhlenkamp, Voc agriscience                 Virginia Remington, PK-12 Visual Art

               Kerry Riesen, 7-12 Integrated Language Arts  Alicia Romer, 1-8

               Barbara Riley, 1-8; K-12 DH; 7-12 History      Thomas Riley, K-12 DH/MH

               Martha Schoen,7-12 Math; K-12 Computer Science

               Kylee Seitz, PS-3                                           Melinda Settlage, K-8

               Hank Schwieterman, 7-12 English & Latin    

               Bill Simons, General Education                        Jane Smith, General Education

               Peg Snider, 7-12 Integrated Social Studies        Kelly Stiles, K-12 Music

               Yvonne Strohmeyer, General Education           Kenneth Taylor, 1-8

               Thomas Tallman, 7-12 Phys Ed; Math; Biology, Gen Science                           

               Tim Tuttle, PK-12                                          Joshua Van Gundy, PS-3

               Diane Vian, 7-12 Integrated Math                   Heather Wenning, 4-9 Science  

               Margaret Weitzel, 7-12 Life Science/Chemist   Lisa Tobe, PK-3

               Ronald Wietholter, 4-9 Social Studies               Sarah Tindall, PS-3

               Christopher Woltermann, 7-12 Integrated Social Studies

               2.   Recommend Diane Martens; Immaculate Conception grade school intervention tutor;

                     hours as needed; auxiliary service fund.

   3.   Recommend payment of annual stipends to Local Professional Development Committee – District Representatives:

   a.   Jennifer Jamieson - $500.00 

   b.   Fred Wiswell - $500.00  

4.   Recommend approval of the following supplemental contracts for the 2004-05 school year:

      a.   Beth Froning – West IAT member                  Cl VIII

      b.   Cheri Hall – West IAT member                      Cl VIII

      c.   Rachel Schleucher – West IAT member          Cl VIII

      d.   Bonnie Condry – East IAT member                Cl VIII

      e.   Tracey Dammeyer – East IAT member          Cl VIII

      f.   Elaine Eichenauer – East IAT member                        Cl VIII

      g.    Karen Hays – East IAT member                    Cl VIII

                     h.  Beth Heiby – East IAT member                      Cl VIII

                     i.    Lisa Sheppard – DECA Club advisor50%        Cl VIII 06 yrs  

                     j.    Jason Luebke – 7^th girls basketball                   Cl IV    00 yrs

                     k.   Carolyn Dammeyer – 9^th volleyball                  Cl IV    12 yrs  

               5.   Recommend one-year contract for Michelle Houts: 50% FTE: SLP Tutor/early Childhood Intervention Specialist: MS degree: 7 year exp.

   04-60   On a motion by Mrs. Hoyng, seconded by Mr. Gilmore, approved the consensus agenda as presented.

               VOTE: Mr. Gilmore: Aye, Mrs. Hoyng: Aye, Mrs. Lehman: Aye, Mr. Rable: Aye,

                           Mr. Fetters: Aye. Approved.

               In other business, the following items were presented:

04-61         A RESOLUTION PROVIDING FOR THE ISSUANCE OF NOT TO EXCEED

   $13,745,000 SCHOOL IMPROVEMENT REFUNDING BONDS

   Mr. Gilmore introduced the following resolution and moved its adoption:

WHEREAS, the Celina City School District (the “District) issued $17,517,923.20 School Improvement Bonds, dated April 1, 1996 (the “Original Bonds”) for the purpose of construction, improving and make additions to school buildings and site development related thereto (the “Project”) by virtue of a requisite majority vote of the electors of said school district voting upon the proposition at an election held November 7, 1995 and a resolution adopted by this Board of Education on March 21, 1996; and

WHEREAS, $14,152,923 principal amount of said Original Bonds remains outstanding; and

WHEREAS, it is in the best interest of the District to advance refund a portion of those Original Bonds currently outstanding, pursuant to and as permitted by Section 133.34 of the Ohio Revised Code in order to reduce net debt service charges payable by the District.

NOW, THEREFORE, BE IT RESOLVED by the Board of Education of the Celina City School District, County of Mercer, Ohio:

SECTION 1.  That it is necessary to issue bonds of the District in a principal amount of not to exceed $13,745,000 consisting of Current Interest Bonds as to which interest is payable on each Interest Payment Date (as defined herein) (the “Current Interest Bonds”) and Capital Appreciation Bonds as to which interest is (a) compounded semiannually on the dates (each an “Interest Accretion Date”) established as such in the Bond Purchase Agreement (the “Bond Purchase Agreement”) and (b) payable only at maturity (the “Capital Appreciation Bonds”) in such respective principal amounts as shall be set forth in the Bond Purchase Agreement to advance refund certain Original Bonds consisting of current interest bonds maturing in the years 2007, 2011, 2016 and 2020 or as otherwise stated in the Bond Purchase Agreement (the “Refunded Bonds”) and to pay costs of issuance of the Bonds and costs related to the refunding of the Refunded Bonds.

SECTION 2.  That the Bonds shall be issued in such principal amount for the purpose aforesaid.  The Current Interest Bonds shall be dated September 1 or such other date stated in the Bond Purchase Agreement, numbered from R-1 upwards in order of issuance, of the denominations of $5,000 or any integral multiple thereof.  The Capital Appreciation Bonds shall be dated the date of closing of the Bonds, shall be in  the aggregate principal amount as set forth in the Bond Purchase Agreement and shall be numbered from CAB-1 upwards in order of issuance, of the denominations equal to the principal amounts that, when interest is accrued and compounded thereon from their respective dates on each Interest Accretion Date, will equal a $5,000 Maturity Amount (which means, with respect to a Capital Appreciation Bond, the principal and interest due and payable at the stated maturity of this Capital Appreciation Bond) and any integral multiples thereof.  Each Bond shall be of a single maturity, and shall bear interest at rates per annum indicated in the Bond Purchase Agreement which the Treasurer is hereby authorized to sign.  Interest shall be payable on the Current Interest Bonds on the first day of June and the first day of December of each year commencing December 1, 2004, or as designated in the Bond Purchase Agreement, (the “Interest Payment Date”), until the principal sum is paid.  The Bonds shall mature on December 1in each year and in such amounts as designated in the Bond Purchase Agreement.  It is determined by the Board of Education that the issuance of the Bonds in one lot as provided herein is necessary and will be in the best interest of the Board of Education.  The last maturity of the Bonds shall not be later than the year of last maturity permitted by law for the Original Bonds

The total interest on each Capital Appreciation Bond as of any date shall be an amount equal to the difference between the Compound Accreted Amount of such Capital Appreciation Bond as of such date and the principal amount of such Capital Appreciation Bond.  “Compound Accreted Amount” means with respect to any Capital Appreciation Bond, the principal amount thereof plus interest accrued and compounded on each Interest Accretion Date to the date of maturity or other date of determination, as set forth in the Exhibit to the Bond Purchase Agreement as of any Interest Accretion Date of the respective Capital Appreciation Bonds, and as determined in accordance with this section as of any other date.

The Compound Accreted Amount of the Capital Appreciation Bonds of each maturity as of each Interest Accretion Date shall be set forth in the Exhibit to the Bond Purchase Agreement.  The Compound Accreted Amount of any Capital Appreciation Bond for each maturity as of any other date shall be (a) the Compound Accreted Amount for such Capital Appreciation Bond on the immediately preceding Interest Accretion Date plus (b) the product of (i) the difference between (A) the Compound Accreted Amount of that Capital Appreciation Bond on the immediately preceding Interest Accretion Date and (B) the Compound Accreted Amount of that Capital Appreciation Bond on the immediately succeeding Interest Accretion Date, times (ii) the ratio of (C) the number of days from the immediately preceding Interest Accretion Date to (but not including) the date of determination (determined on the basis of a 360-day year comprised of twelve 30-day months) to (D) the number of days from that immediately preceding Interest Accretion Date to (but not including) the immediately succeeding Interest Accretion Date (determined on the basis of a 360-day year comprised of twelve 30-day months); provided, however, that in determining the Compound Accreted Amount of a Capital Appreciation Bond as of a date prior to the first Interest Accretion Date, the closing date of the Bonds shall be deemed to be immediately preceding the Interest Accretion Date and the original principal amount of that Capital Appreciation Bond shall be deemed to be the Compound Accreted Amount on the closing date of the Bond Issue.

The Bonds shall be initially issued only to a securities depository that is a clearing agency under federal law operating and maintaining, with its participants or otherwise, a book entry system to record ownership of beneficial interests in Bonds, and to effect transfers of beneficial interests in Bonds, and includes and means initially The Depository Trust Company (a limited purpose trust company) New York, New York (“Depository”) for use in a form or system under which the physical Bond certificates in fully registered form are issued only to a Depository or its nominee as registered owner, with the certificated Bonds held and “immobilized” in the custody of the Depository, and the book entry system, maintained by and the responsibility of the Depository and not maintained by or the responsibility of the Board of Education, is the record that identifies, and records the transfers of the beneficial interests of the owners of the Bonds (the “Book Entry System” or “Book Entry Form” and: (i) those Bonds shall be registered in the name of the Depository or its nominee as registered owner, and immobilized in the custody of the Depository; and (ii) those Bonds shall be transferable or exchangeable in accordance with this resolution, provided that so long as a Book Entry System is used for the Bonds, the bonds may only be transferred to another Depository or to another nominee of a Depository without further action by the Board of Education pursuant to this section.  The Board of Education may, and may require the paying agent and registrar as identified in the Bond Purchase Agreement (the “Paying Agent and Registrar”) to transfer the Bonds from one Depository to another Depository at any time.

Notwithstanding any other provision of this Resolution or any Bond to the contrary, with the approval of the Board of Education, the Paying Agent and Registrar may enter into an agreement with a Depository, or the nominee of a Depository, that is the registered owner of a Bond in the custody of that Depository providing for making all payments to the registered owner of principal of and interest and any premium on that Bond or any portion of that Bond (other than any payment of its entire unpaid principal amount) at a place and in a manner (including wire transfer of federal funds) other than as provided above in this Resolution, without prior presentation or surrender of the Bond, upon any conditions which shall be satisfactory to the Paying Agent and Registrar and the Board of Education.  That payment in any event shall be made to the person who is the registered owner of that Bond on the date that principal and premium is due, or, with respect to the payment of interest, as of the applicable Interest Payment Date or other date agreed upon, as the case may be.  The Paying Agent and Registrar will furnish a copy of each of those agreements, certified to be correct by an officer of the Paying Agent and Registrar to the Board of Education.  Any payment of principal, premium or interest pursuant to such an agreement shall constitute payment thereof pursuant to, and for all purposes of, this Resolution

If any Depository determines not to continue to act as a Depository for the Bonds in a Book Entry System, the Board of Education may attempt to have established a securities depository/Book Entry System relationship with another qualified Depository under this Resolution.  If the Board of Education does not or is unable to do so, the Board of Education and the Paying Agent and Registrar, after the Paying Agent and Registrar has made provision for notification of the beneficial owners by appropriate notice to the then Depository, shall permit withdrawal of the Bonds from the Depository, and authenticate and deliver Bond certificates in fully registered form, in denominations of $5,000 or integral multiples thereof, to the assigns of the Depository or its nominee, all at the cost and expense (including costs of printing or otherwise preparing, and delivering, replacement Bonds) of those persons requesting that authentication and delivery, unless Board of Education action or inaction shall have been the cause of the termination of the Book Entry System, in which event such cost and expense shall be borne by the Board of Education.

SECTION 3.  The Current Interest Bonds maturing on December 1, 2015 and thereafter shall be subject to optional redemption prior to maturity, on or after December 1, 2014, in whole or in part at any time at a redemption price of 100% of the par value thereof, plus accrued interest.

SECTION 4.  That the current Interest Bonds maturing on December 1, in the years, if any, designated in the Bond Purchase Agreement, may be subject to mandatory sinking fund redemption at a redemption price of 100% of the principal amount to be redeemed plus accrued interest to the date of redemption on December 1 in the years and in the respective principal amounts as set forth in the Bond Purchase Agreement.

SECTION 5.  That the Bonds shall express upon their faces the purpose for which they are issued and that they are issued in pursuance of this Resolution.  The Bonds shall be in fully registered form and shall bear the signatures of the President and Treasurer of the Board of Education, provided that either or both of such signatures may be facsimile signatures, and shall bear the manual authenticating signature of an authorized officer of the Paying Agent and Registrar for the Bonds.  The principal amount of each Current Interest Bond shall be payable at the principal office of the Paying Agent and Registrar and interest thereon shall be mailed on each interest payment date to the person whose name appears on the record date (May 15 and November 15 for June 1 and December 1 interest, respectively) on the Bond registration records as the registered holder thereof, by check or draft mailed to such registered holder at his address as it appears on such registration records.

The Bonds shall be transferable by the registered holder thereof in person or by his attorney duly authorized in writing at the principal office of the Paying Agent and Registrar upon presentation and surrender thereof to the Paying Agent and Registrar.  The Board of Education and the Paying Agent and Registrar shall not be required to transfer any Bond during the 15-day period preceding any interest payment date, and no such transfer shall be effective until entered upon the registration records maintained by the Paying agent and Registrar.  Upon such transfer, a new Bond of Bonds of authorized denominations of the same maturity and for the same aggregate principal amount will be issued to the transferee in exchange therefor.

The Board of Education and the Paying Agent and Registrar may deem and treat the registered holders of the Bonds as the absolute owners thereof for all purposes, and neither the Board of Education nor the Paying Agent and Registrar shall be affected by any notice to the contrary.

The Treasurer may execute the letter of representations with the Depository and the Paying Agent and Registrar Agreement in connection with the issuance of the Bonds.

SECTION 6.  That the Bonds shall be sold in the aggregate to Butler Wick & Co., Inc., Columbus, Ohio (the “Underwriter”) at not less than ninety-seven percent (97%) of their principal amount and accrued interest, in accordance with the Bond Purchase Agreement to be executed by the Treasurer, and the proceeds from such sale, except any premium or accrued interest thereon, shall be used for the purpose aforesaid and for no other purpose, which shall include payment of the outstanding principal amount of any redemption premium on the Refunded Bonds and may include any expenses relating to the refunding of the Refunded Bonds or the issuance of the Bonds, and for which purpose said proceeds are hereby appropriated.  Any premium and accrued interest shall be transferred to the bond retirement fund to be applied to the payment of principal and interest of the Bonds in the manner provided by law.  There is hereby created  an Escrow Fund (the “Escrow Fund”) to be held by the bank designated as Escrow Trustee (the “Escrow Trustee”) pursuant to an Escrow Agreement, (the “Escrow Agreement”) signed by the Treasurer and the Escrow Trustee.  Proceeds of the Bonds in the amount determined necessary shall be deposited in the Escrow Fund and invested in direct obligations of, or obligations guaranteed as to payment by the United States to retire the Refunded Bonds pursuant to the terms of the Escrow Agreement.  An independent public accounting firm or nationally recognized bond counsel shall be retained as verification agent to determine the sufficiency of the Escrow Fund deposit and interest earnings thereon for the payment of debt charges on the Refunded Bonds.

SECTION 7.  That the Bonds shall be the full general obligations of the Board of Education and the full faith, credit and revenue of the Board of Education are hereby pledged for the prompt payment of the same.  Any excess fund resulting from the issuance of the Bonds, shall to the extent necessary be used only for the retirement of the Bonds at maturity, together with interest thereon and is hereby pledged for such purpose.

SECTION 8.  That during the period which the Bonds run, there shall be levied upon all of the taxable property in the Board of Education, in addition to all other taxes, a direct tax annually within the limitations of Section 2 of Article XII of the Constitution of Ohio, in an amount sufficient to pay the principal of and interest on the Bonds when and as the same fall due.  Said tax shall be and is hereby ordered computed, certified, levied and extended upon the tax duplicate and collected by the same officers in the same manner and at the same time that taxes for general purposes for each of said years are certified, extended and collected.  Said tax shall be placed before and in preference to all other items and for the full amount thereof.

The funds derived from said tax  levy hereby required shall be placed in a separate and distinct fund and, together with interest collected on the same, shall be irrevocably pledged for the payment of the principal and interest of the Bonds, when and as the same fall due.

SECTION 9.  That this Board of Education hereby covenants that it will restrict the use of the proceeds of the Bonds hereby authorized in such manner and to such extent, if any, and take such other actions as may be necessary, after taking into account reasonable expectations at the time the debt is incurred, so that they will not constitute obligations the interest on which is subject to Federal income taxation or “arbitrage bonds” under Sections 103(b)(2) and 148 of the Internal Revenue Code of 1986, as amended (the “Code”), and the regulations prescribed thereunder , and will, to the extent possible, comply with all other applicable provisions of the Code and the regulations thereunder in order to retain the Federal income tax exemption for interest on the Bonds.  The Treasurer or any other officer having responsibility with respect to the issuance of the Bonds is authorized and directed to give and appropriate certificate on behalf of the Board of Education on the date of delivery of the Bonds for inclusion in the transcript of proceedings, setting forth the facts, estimates and circumstances and reasonable expectations pertaining to the use of the proceeds thereof and the provisions of the Code and the regulations thereunder.

SECTION 10.  That the Treasurer is hereby directed to forward a certified copy of this Resolution to the County Auditor.

SECTION 11.  That it is hereby determined and recited that all acts, conditions and things necessary to be done precedent to and in the issuing of the Bonds in order to make the same legal, valid and binding obligations of the Board of Education have happened, been done and performed in regular and due form as required by law; and that no limitation of indebtedness or taxation, either statutory or constitutional, will have been exceeded in the issuance of said Bonds.

SECTION 12.  That it is found and determined that all formal actions of this Board of Education concerning and relating to the adoption of this Resolution were taken in open meetings of this Board of Education, and that all deliberations of this Board of Education and of any of its committees that resulted in such formal action, were taken in meetings open to the public, in compliance with the law.

SECTION 13.  That this Board of Education hereby authorizes the Treasurer to prepare, correct, revise, execute together with the President and deliver, on behalf of the Board of Education, to appropriate persons, preliminary and final drafts of a Preliminary Official Statement deemed final for purposes of Securities and Exchange Commission Rule 15c2-12 and an Official Statement relative to the sale of the Bonds and copies thereof are hereby authorized to be furnished to the Underwriter for distribution to prospective purchasers of the Bonds and other interested persons.

SECTION 14.  That this Board of Education hereby authorizes the Treasurer to take all steps necessary to obtain one or more municipal bond ratings and a policy of municipal bond insurance for the Bonds.  The Board of Education hereby agrees to and shall be bound by all terms and conditions of said policy (and the commitment issued therefore) if purchased by the Board of Education pursuant to the recommendation of the Underwriter.

SECTION 15.  That this Board of Education hereby covenants and agrees that it will execute, comply with and carry out all of the provisions of a continuing disclosure certificate dated the date of issuance and delivery of the Bonds (the “Continuing Disclosure Certificate”) in connection with the issuance of the Bonds.  Failure to comply with any such provisions of the Continuing Disclosure Certificate shall not constitute a default on the Bonds; however, any holder of the Bonds may take such action as may be necessary and appropriate, including seeking specific performance, to cause this Board of Education to comply with its obligations under this section and the Continuing Disclosure Certificate.

Mr. Rable seconded the motion and the roll being called upon the question of adoption of the resolution, the vote resulted as follows:

               AYE:  Mrs. Hoyng, Mrs. Lehman, Mr. Rable,  Mr. Fetters,  Mr. Gilmore

               NAY:

               ADOPTED this 16^th day of August, 2004

   04-62  Recommend one-year administrative contract for Jerry Harris, Celina Middle School Asst. Principal; Level 3 administrative compensation plan.

               Motion by Mr. Gilmore, seconded by Mr. Rable.

               VOTE: Mrs. Lehman: Aye, Mr. Rable: Aye, Mr. Fetters: No, Mr. Gilmore: Aye,

                            Mrs. Hoyng: Aye. Approved.

   04-63  Recommend one-year teaching contract for John Roth; MS+30; Step 10 teachers’ salary schedule.       

               Motion by Mr. Gilmore, seconded by Mr. Rable.

               VOTE: Mr. Rable: Aye, Mr. Fetters: No, Mr. Gilmore: Aye, Mrs. Hoyng: Aye,

                           Mrs. Lehman: Aye. Approved.

   04-64  Recommend one-year teaching contract for Jack Clouse; MS+30; Step 10 teachers’ salary schedule.

               Motion by Mrs. Hoyng, seconded by Mr. Gilmore.

               VOTE: Mr. Fetters: No, Mr. Gilmore: Aye, Mrs. Hoyng: Aye, Mrs. Lehman: Aye

                           Mr. Rable: Aye. Approved.

               The Board was extended an invitation to attend a TIF district informational meeting; Thursday, August 19 @ 7:00 p.m.; Education Complex Auditorium.

  04-65    Mr. Rable moved, Mr. Gilmore seconded, that the following resolution be adopted:

               WHEREAS, as a public board of education may hold an executive session only after a majority of the quorum of this board determines by a roll call vote to hold such a session and only at a regular or special meeting for the sole purpose of the consideration of any of the following matters:

A.     To consider one or more, as applicable, of the  items with respect to a public employee or official:

1.            Appointment.

2.        Employment.

3.        Dismissal.

4.        Discipline.

5.        Promotion.

6.        Demotion.

7.        Compensation.

8.        Investigation of charges/complaints (unless public hearing requested).

B.     To consider the purchase of property for public purposes or for the sale of property at competitive bidding.

C.     Conferences with an attorney for the public body concerning disputes involving the public body that are the subject of pending or imminent court action.

D.     Preparing for, conducting, or reviewing negotiations or bargaining sessions with public employees concerning their compensation or other terms and conditions of their employment.

E.      Matter required to be kept confidential by federal law or rules or state statutes.                   

F.      Specialized details of security arrangements where disclosure of the matters discussed might reveal information that could be used for the purpose of committing or avoid prosecution for a violation of the law.

               NOW, THEREFORE, BE IT RESOLVED, that the Celina City School District Board of Education, by a majority of the quorum present at this meeting, does hereby declare its intention to hold an executive session on item D as listed above.

               And the roll being called on its adoption, the vote resulted as follows:

               Mr. Gilmore: Aye, Mrs. Hoyng: Aye, Mrs. Lehman: Aye, Mr. Rable: Aye, Mr. Fetters: Aye.

               Thereupon, the President declared the resolution adopted.

               At 6:42 p.m., the Board went into executive Session with the following persons present:

               The Board Members, Mr. Wiswell, Mr. McKirnan, Mr. Marbaugh and district  legal counsel.

               The President declared the meeting back into regular session at 8:27 p.m.

               With no other business, the meeting adjourned at 8:28 p.m.

               ________________________________     __________________________________

               Board President                                             Treasurer                     

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