Special Meeting of the Financing Corporation for the School Board of Lake County, Florida

1 Monday, April 13, 2020 Special Meeting of the Financing Corporation for the School Board of Lake County, Florida 5:45 P.M. Board Room Lake County School District Office 201 W. Burleigh Blvd., Tavares, FL "We are 5,000 strong serving 42,000 students." 1. OPENING ITEMS Subject 1.01 Call to Order - Followed by a Moment of Silence and the Pledge of Allegiance (Kristi Burns, Chairman of the School Board) Meeting Apr 13, 2020 - Special Meeting of the Financing Corporation for the School Board of Lake County, Florida Type File Attachments 2. PUBLIC INPUT: The meeting can be viewed online and the District will comply with current CDC guidelines for groups of 10 people in a room at a time. Comments will be limited to 3 minutes. 3. TOPICS Subject 3.01 Annual Election of Officers for the Financing Corporation for the School Board of Lake County, Florida (FCSBLC) (Scott Ward, Treasurer) Meeting Apr 13, 2020 - Special Meeting of the Financing Corporation for the School Board of Lake County, Florida Type Action BACKGROUND AND RATIONALE: This is the annual meeting of the Financing Corporation for the School Board of Lake County, Florida. This corporation exists for the sole purpose of facilitating the financing of facilities and equipment through the Certificates of Participation (COP’s). We are required to have an annual meeting and appoint the President, Vice-President, Secretary and Treasurer. Historically, the Board Chair and Vice-Chair serve as the President and Vice-President, the Superintendent serves as the Secretary and the Assistant Superintendent Business Services serves as the Treasurer. The last meeting was held February 11, 2019 and the elected officers were: President – Sandy Gamble Vice-President – Kristi Burns Secretary – Diane Kornegay Treasurer – Scott Ward The Board of Directors will need to appoint or reappoint the officers. ALTERNATIVES: 1. Elect the School Board Chairman as President of the Corporation, the School Board Vice-Chairman as the Vice-President of the Corporation, the Superintendent as the Secretary of the Corporation, and the Assistant Superintendent Business Services as the Treasurer for the corporation. 2. Recommend and elect some other slate of officers for the Financing Corporation of the School Board of Lake County, Florida. RECOMMENDATION: I recommend the election of the School Board Chairman as President of the Corporation, the School Board Vice-Chairman as the Vice-President of the Corporation, the Superintendent as the Secretary of the Corporation, and the Assistant Superintendent Business Services as the Treasurer for the Corporation. FISCAL IMPACT: This item represents no cost to the District. This is an annual requirement of the Financing Corporation of the School Board of Lake County, Florida. DATA SOURCE: This item was prepared and presented to the Board for approval by Scott Ward, Treasurer. Questions may be directed to him at 352-253-6566. File Attachments Motion & Voting motion by Bill Mathias to elect Kristi Burns as President and Bill Mathias as Vice President of the Financing Corporation Motion by Bill Mathias, second by Stephanie Luke. Final Resolution: Motion Carries Yea: Bill Mathias, Stephanie Luke, Marc Dodd, Sandy Gamble, Kristi L Burns 4. BOARD MEMBER COMMENTS 5. ADJOURNMENT