11-22-2016 Leasing Corporation Time Certain Meeting


The School Board of Brevard County, Florida met for the Leasing Corporation meeting on Tuesday, November 22, 2016, at the Educational Services Facility, 2700 Judge Fran Jamieson Way, Viera, Florida. Notice of the meeting was advertised in the Eagle newspaper on Thursday, November 10, 2016. The affidavit of publication with a copy of the ad attached is filed in the Affidavit File in the Board Office.

Action
1. Election of Officers

Minutes: The meeting was convened at 7:14 p.m.

Motions:

Elect the following officials as officers of the Brevard County School Board Leasing Corporation:

  • President: The Chairperson of the School Board
  • Vice-President: The Vice-Chairperson of the School Board
  • Secretary: Dr. Desmond K. Blackburn
  • Treasurer: Pennie L. Zuercher
- PASS
 
Vote Results
Motion: John Craig
Second: Tina Descovich
John Craig- Aye
Tina Descovich- Aye
Misty Haggard-belford- Aye
Matthew Susin- Aye
Andrew Ziegler- Aye

2. Refunding of the District's 2007A and 2007B Certificates of Participation (COP)
Attachment: Brevard Co. SB 2017B Corporation Resolution - Agenda (01166952).pdf
Attachment: Resolution - SB 2017A Corporation (01167458).pdf
Minutes: Dr. Blackburn asked for Pennie Zuercher, Chief Financial Officer, to provide information to the Board.

Motions:
Approve the delegation of the Chief Financial Officer to move forward with the refunding of Series 2007B certificates and the forward direct purchase of the Series 2007A certificates at the optimum time that allows the District to achieve at least a 3% net present value savings. Approve the attached resolutions and other legal documents and approve members of the Financing Team, to include the Financial Advisor, Bond and Disclosure Counsel, Underwriting Team, and Lending Bank as delineated above.
- PASS
 
Vote Results
Motion: Andrew Ziegler
Second: John Craig
John Craig- Aye
Tina Descovich- Aye
Misty Haggard-belford- Aye
Matthew Susin- Aye
Andrew Ziegler- Aye


Discussion
Adjournment
3. Adjournment

Minutes: Chairperson Belford adjourned the meeting at 7:25 p.m.

For further details pertaining to this meeting, please refer to the published video on the School Board of Brevard County's website (www.brevardschools.org).








Secretary

Chair