Board of Directors, Leasing Corporation Meeting

2 Tuesday, August 12, 2025 Board of Directors, Leasing Corporation Meeting An Equal Opportunity School District MEETING TIME AND LOCATION:5:00 P.M. - 1614 E. Ft. King Street, Ocala, Florida 34471 ADA ASSISTANCE: Anyone needing special assistance at the meeting of the Marion County School Board due to a disability should contact Ms. Elena Martinez-Young, Executive Assistant, 352-671-7707, at least 72 hours prior to the meeting. Student and public speakers do not reflect the endorsement, sponsorship, position, or expression of the Marion County School District. 1. Call to Order Subject 1.1 Call to Order - Board of Directors, Leasing Corporation Meeting Meeting Aug 12, 2025 - Board of Directors, Leasing Corporation Meeting Type Procedural Rationale and Methodology Financial History and Term/Time Frame: Effect of Action/Results: Board Policy, Florida Statutes, Admin. Code: File Attachments 2. Proof of Publication Subject 2.1 Proof of Publication Meeting Aug 12, 2025 - Board of Directors, Leasing Corporation Meeting Type Procedural Rationale and Methodology: Prior Board Action Date (s): Financial History and Term/Time Frame: Effect of Action/Results: File Attachments Proof of Publication 250812 Board Leasing.pdf (528 KB) 3. Purpose of Meeting Subject 3.1 Resolution 25-09 Authorizing the Execution and Delivery of a Non-Exclusive Perpetual Easement - Project 24-102 Meeting Aug 12, 2025 - Board of Directors, Leasing Corporation Meeting Type Action Fiscal Impact No Budgeted No Recommended Action Approve Resolution 25-09 Authorizing the Execution and Delivery of a Non-Exclusive Perpetual Easement - Project 24-102 Goals Strategic Plan Key Priority 4 - Fiscal Responsibility Rationale and Methodology: Resolution 25-09 is needed to obtain authorization for a Non-Exclusive Perpetual Easement on a portion of real property contained in Resolution of the Marion County School Board Leasing Corporation, Supplemental Resolution No. 24-03 relating to the Lease-Purchase of Certain Educational Facilities and Equipment. The Non-Exclusive Perpetual Easement with the City of Ocala will provide the City of Ocala ingress and egress to place, construct, repair, maintain, relocate, and replace an electric transmission and/or distribution line or system and all associated appurtenances in connection with above-ground or underground facilities. Prior Board Action Date(s): Leasing Corporation Meeting: 02/27/2024 Approved Leasing Corporation Meeting: 01/28/2025 Approved Financial History and Term/Time Frame: The Certificates of Participation, Series 2024, were issued on April 24, 2024. Effect of Action/Results: If approved, the Non-Exclusive Perpetual Easement will provide benefits to the New School "X" (Winding Oaks Elementary), does not prohibit or materially interfere with New School "X" (Winding Oaks Elementary) or the use of the School Property as security for the financing described in the 2024 Ground Lease and shall constitute a "Permitted Encumbrances" thereunder. Board Policy, Florida Statutes, Admin. Code: Chapter 1001, 1011, 1013, and Sections 215.421, 1011.71, and 1013.15, Fla. Stats. (2024) File Attachments 24-102 2J Resolution - Corporation - v1 - Series 2024 - Utility Easement.pdf (696 KB) Motion & Voting Approve Resolution 25-09 Authorizing the Execution and Delivery of a Non-Exclusive Perpetual Easement - Project 24-102 Motion by Sarah James, second by Allison Campbell. Final Resolution: Motion Carries Yea: Allison Campbell, Eric Cummings, Lori Conrad, Nancy Thrower, Sarah James 4. Adjournment of Meeting Subject 4.1 Closure of the Meeting Meeting Aug 12, 2025 - Board of Directors, Leasing Corporation Meeting Type Action, Procedural Budget Source N/A Recommended Action Adjourn the meeting. Rationale and Methodology: Formal closure of the meeting through a motion, second, and vote by Board members. Financial History and Term/Time Frame: The chair requests a motion for adjournment. Effect of Action/Results: Obtain approval for adjournment of the meeting. Board Policy, Florida Statute, Admin. Code: Board Policy 0165.5 File Attachments Motion & Voting