Information for Meeting of QRSD School Committee
Friday March 08, 2013 4:30 PM EST

QUABBIN REGIONAL SCHOOL 
DISTRICT COMMITTEE 
THURSDAY, March 7, 2013 postponed to:
***FRIDAY, MARCH 8, 2013 @ 4:30 P.M.***
EDUCATIONAL SUPPORT CENTER

1.	MEETING CALLED TO ORDER 

2.	APPROVAL OF MINUTES 
	February 14, 2013

3. 	ADMINISTRATIVE REPORTS 
a) Superintendent of Schools 
Superintendent’s Report
b) Assistant Superintendent
	Assistant Superintendent Report
c) Director of Administrative Services 
Presentation of Warrants 
Director’s Report 
d) Teacher Advisory Council 
e) Student Advisory Council 

4. 	SUBCOMMITTEE REPORTS 
a)	Ad Hoc Food Services
b)	Administrative Review 
c)	Audit
d)	Barre Building 
e)	Budget 
	FY14 Budget Development Process
f)	Central Office
g)	Collective Bargaining 
h)	Plant & Facilities 
i)	Policy Review/Reform
j)	Special Education
k)	Technology 

5. 	UNFINISHED BUSINESS
	a)	Acceptance of bond bid

6. 	PUBLIC COMMENT 

7. 	SCHOOL COMMITTEE CONCERNS 

8. 	NEW BUSINESS
	School Choice 2013 – 2014 – Openings at most grade levels
	Appointment of District Representative to CAPS Education Collaborative Board
9.    ADJOURNMENT	

 
QUABBIN REGIONAL SCHOOL 
DISTRICT COMMITTEE 
THURSDAY, March 7, 2013 POSTPONED TO:
***FRIDAY, MARCH 8, 2013 @ 4:30 P.M.***
EDUCATIONAL SUPPORT CENTER

ADDENDA TO AGENDA
 
5. 	UNFINISHED BUSINESS
	a)	Acceptance of bond bid - I move:

		That we hereby determine, in accordance with G.L. c. 70B, that the amount of the cost of the $4,000,000 school remodeling project authorized by a vote of the District School Committee on May 13, 2010 not being paid by the school facilities grant is $1,485,077, and we hereby approve of the issuance of notes and bonds in such amount under said G.L. c. 70B.

		Further:  that the sale of the $1,485,077 General Obligation School Bonds of the District dated March 15, 2013 (the “Bonds”), to Robert W. Baird & Co., Inc. at the price of $1,535,390.35, is hereby approved and confirmed.  The Bonds shall be payable on March 15 of the years and in the principal amounts and bear interest at the respective rates, as follows:


Year	
Amount	Interest
   Rate   	
Year	
Amount	Interest
   Rate   

2014	$110,077	2.00%	2020	$105,000	3.00%
2015	110,000	2.00	2021	105,000	3.00
2016	110,000	2.00	2023	210,000	2.00
2017	105,000	2.00	2025	210,000	3.00
2018	105,000	4.00	2027	210,000	3.00
2019	105,000	3.00			

	Further:  that the Bonds maturing on March 15 in the years 2023, 2025 and 2027 (each a “Term Bond”) shall be subject to mandatory redemption or mature as follows:  

Term Bond due March 15, 2023
Year	Amount
2022	$105,000
2023*	105,000
	
*Final Maturity

Term Bond due March 15, 2025
Year	Amount
2024	$105,000
2025*	105,000
	
*Final Maturity

Term Bond due March 15, 2027
Year	Amount
2026	$105,000
2027*	105,000
	
*Final Maturity

	Further:  that in connection with the marketing and sale of the Bonds, the preparation and distribution of a Notice of Sale and Preliminary Official Statement dated February 13, 2013, and a final Official Statement dated February 27, 2013 (the “Official Statement”), each in such form as may be approved by the District Treasurer, be and hereby are ratified, confirmed, approved and adopted.

Further:  that the Bonds shall be subject to redemption, at the option of the District, upon such terms and conditions as are set forth in the Official Statement.

Further: that the District Treasurer and the Regional District School Committee be, and hereby are, authorized to execute and deliver a continuing disclosure undertaking in compliance with SEC Rule 15c2-12 in such form as may be approved by bond counsel to the District, which undertaking shall be incorporated by reference in the Bonds for the benefit of the holders of the Bonds from time to time.

Further: that we authorize and direct the Director of Administrative Services to establish post issuance federal tax compliance procedures in such form as the Director of Administrative Services and bond counsel deem sufficient, or if such procedures are currently in place, to review and update said procedures, in order to monitor and maintain the tax-exempt status of the Bonds.

Further:  that each member of the Regional District School Committee, the District Secretary and the District Treasurer be and hereby are, authorized to take any and all such actions, and execute and deliver such certificates, receipts or other documents as may be determined by them, or any of them, to be necessary or convenient to carry into effect the provisions of the foregoing votes.