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Good afternoon and welcome to the work session for the Gley Evans School District 6 Board of Educations. Call this to order. Uh, Miss Lemon, will you take a roll call? >> Director Zari, >> present. >> Director Bentley, >> present. Director Campus Spitzy >> present. >> Director Mash, Director Matthews,
>> Director Norwood >> present. >> Four board members present. >> Thank you. >> Um, just one thing real quick to note. We're going to on our, if you're looking at our agenda, we're going to swap 2.05 and 2.06. So, we're going to do the review of the facility
uh the facility review and district site and civic center first. So, just FYI as we get going. Um, >> um, just one thing real quick to know. We're going to >> That's me. Very awkward. >> Um,
>> it would see if YouTube's working. >> I would guess YouTube is working. That's a good sign. >> Hate listening to myself talk. Just FYI. Um, >> calendar review and community engagement's next. Um,
>> well, Community Foundation spread the good lunchon. Looks like tomorrow 11:30. I think we've had that for a while on our calendars. Um, 10:29, that's Wednesday, Gly West High School. Um, I found out the other day I'm not
going to be able to attend that, but I changed my RSVP. I don't know if you guys saw that. So, hope you guys can make it to that. Another board meeting and work session. JOTC Marine Corps Ball at Northridge on
11:15. I think that's a Saturday, right? Yep. 50th anniversary night celebration at Shasheen and then the kickoff. Is this the kickoff one of the district 6 academy? >> Is that the first one or we add one? >> This is the second one. >> This second one.
>> We we just had them uh this past week. Went really well. And then the special board meeting to confirm new board members on the second. Is there anything you guys know about that's not on there? Needs to be easy peasy. Um
on to board member comments and reports. Mr. Zara, we'll start with you if you don't mind. >> Uh no, no problem. Thank you, Vice President Bentley. I'll just report out on three items that I attended um since the last board meeting. The first is uh
uh the business partners uh breakfast. Just a shout out to all our business partners and other community organizations that support our district regarding our district's internship programs. It was again a a a great event and special thanks to Lisa Hudson and Julie Hill for
putting that together. Uh I enjoy talking to so many people in the community. I also attended Gley West High School Culture Day. Uh this is an opportunity uh for students at that high school to celebrate and explore the
multiple cultures at Gley West. As we all know, we have several different cultures u that are celebrated throughout our district. I shouldn't say several, I should say probably many, many, many cultures. And their
vision at Gley West is just is to support students, classes, clubs, teams, and organizations in their goal of creating projects and showcasing them. So, I had the opportunity to walk around and engage with students as they it was kind of like a science fair where they
would then talk to me about uh their culture and where they came from. I got to experience, for instance, Guatemalan kite making and ballet folklorico lessons. Not much of a dancer, but it was fun to to to witness all of that.
And then some culinary experiences from Germany and France. And they also had an art exhibit. So, it was really it was a great day to be over there at Gley West. And finally, I also went to the Fred Chartist School of Innovations night at the museum. Again, this is the second
time I've been to that event. And as we all know from a previous school visit there, they created a forest in their basement and that turned out to be pretty phenomenal. I tried to capture that on my phone, but it just didn't do
it justice. It was very interesting. I don't know if anybody had been to the old Casabonita restaurant, but very similar uh feeling tone inside that library room with trees all over the place. And um again, the students were
the ones that delivered the presentations and they were outstanding presentations. I learned from one student in particular who had a very scientific mindset. He presented on parasitic plants and that just went about over my
head. It was almost university level. But I did find out that mistletoe is a parasitic plant. So be careful of that one. So there you go. That's all I've got. Vice President Bentley. Thank you. >> Um Mr. Norwood.
>> Thank you. Um had an opportunity to go out and watch a couple of UNCC soccer games. Um one of my former students plays for the UNCC women's soccer team. So had an opportunity to go out and take in a couple of games and sure enjoyed watching them this season. Uh also had the opportunity to go to a couple of
classrooms, a second grade and a fourth grade classroom and read Halloween stories and talk about the history of Halloween. And the kids were extremely interested in my own personal experiences with ghosts, which I've had a few.
>> Which school, Mr. Norwood? >> Pardon me. >> Which school? Uh there were a couple schools outside of our district, but there was one inside, but outside. But um and also I want to remind everybody too that um Trick-or- Treat Street is Wednesday night the 29th at Northridge from 6:00 to 8:00 p.m. So
>> Dr. Campbell Spitzy. >> Um so one of the highlights of my last week was also getting to go to Gley West's culture day. Um and director Azari already highlighted some of the fun activities. Um, another one I'll mention, they had a kinera dress runway
fashion show. Um, so that was pretty fun. They were struting their stuff to Selena. Um, and then I really enjoyed the culinary experiences. U, my favorite one, well, um, the MAN booth had tamales and papas with like spices on them. Um,
but the German tapioca pudding that was special. Um, the kiddo was bragging that his grandmother had finally given him his great grand her great-g grandandmother's recipe. Um, and it was delicious tapioca pudding. Um, but uh,
another presentation I did get to go to at the culture day, um, they have a medical club, um, at Gley West and so a couple of their students did a presentation on Asian and African contributions to medicine. Um, so it was fun to hear kind of about herbal remedies in other cultures. Um, and
while I was there, a lot of the Fulbright teachers were were attending the event and I got to corner them. Um, because usually, um, after the Fulbrights visit us. Um, we get to have a Q&A with them after their six week
experience to kind of hear what they love about our District and how we can grow and how we can improve. And so I had a mini session impromptu um with a few of the Fulbrights asking them um what what constructive feedback they could give us after doing six weeks
in our secondary classrooms. Um and I'll share and so one of them said she would have liked to or he would have liked to see teachers um showcase their the aces they had up their sleeves with regards to teaching strategies. So wanted like specific for the teachers to be more
specific about like cool ticks and tricks and of the trade kind of stuff. Another said she felt a lot of our teachers weren't really good at summarizing learning points at the end of the class. So she said teachers would introduce the concept, students would break up into groups, but then they were
dismissed at the end of the class rather than kind of wrapping it up. Um so that was some constructive feedback. And then um this was my favorite maybe and it was the first person to pipe up but it was one teacher who talked about her experience in Mr. Steven Pollson's
classroom. So this comment may be a little unfair because he happens to be the Colorado teacher of the year. Um but she mentioned that comparing him his teaching strategies to other teachers and I didn't ask her for this. She just um
volunteered this. She said he used the least amount of technology in his classroom which seemed to contribute to more authentic student engagement. And so I I wasn't too surprised by that. Um but just some feedback from the Fulbrights. Let's see.
Um on Thursday night I got to go watch the Wildcats soccer team. So they are having a historic season right now. Um they have 12 wins, two ties, and no losses. They are undefeated. They're ranked fourth in the state. Um and this
week they start their journey in the state playoffs. So um unfortunately on Thursday night was one of the ties they played against Timnith and uh the game final score was zero to zero. So it was an exciting game. Um
nonetheless and our our players played wonderfully. Um, I also, you know, I I don't get out to a lot of sporting events and was really um impressed by the team spirit that our schools have and how many teachers come out for the games. Like I felt like I was sitting in
the teacher section. It was and I don't think that's mandatory. I think our teachers are out there supporting kids because they they love them and believe in them. So I just it was very heartwarming. Um, this last weekend I got to be a judge for LUAC's first annual chili
cookoff. Um, and LULUAC, for those of you who aren't familiar, it's the League of United Latin American Citizens. Um, was established in 1929 and is the oldest, um, Hispanic kind of, um, civic engagement organization in the country.
Um, and anyway, the event was to help fund youth event um, or youth council programs for LUAC. Um, and I got to taste 10 really good chilies. uh and then got to find out I didn't realize how many youth councils LUAC has in
District 6. So they're actually at Meer, at Twiton, at Brentwood, Prairie Heights, Franklin, Heath, Frontier, Northridge, Gley Central, Gley West, and Salida, which is pretty awesome. They have a presence in D6. Um and their three core values are education,
cultural pride, and leadership. Um couple other things. November 4th, as we all know, is the last day to vote and um please practice your civic engagement and please vote. Um local elections especially really do matter. Um and
there's a a couple of state ballot issues that that do matter um for get continuing to give free healthy meals to our kiddos in District 6. But also on November 4th, you can get free tacos from 4:30 to 7:30 at Ames Community
College Welcome Center um while helping your student complete their FAFSA. And so um after you submit your ballot, head to Ames Community College if you have a senior in high school and who's looking to go to university and get some help.
um because the fast and capsa they are complicated forms and so um district 6 is partnering with UNC and as in providing student support on November 4th and then very lastly open enrollment. So, this Saturday, so two days, no. O, I'm bad at math. This
Saturday, at the end of this week, November 1st, right after Halloween, um, open enrollment opens. And so, if you want your child to go to an out of school or your out of your school boundary, neighborhood boundary area, you have to submit your application
starting November 1st. Um, and open enrollment stays open until December 18th. Um, and as a reminder, the only fully open enrollment schools that don't have boundaries are Chapelo, Fred Chartis, um, School of Innovation, as well as the Maker Dual Language
Immersion Program. Um, and so for those, you you have to submit open enrollment to get into one of those programs. Um, but otherwise, you can try to open enroll into other schools as well. Um, starting this Saturday. >> And Dr. Dr. Campospitzy, I'll just add
to that about open enrollment uh is that all of our charter schools are fully open enrolled as well in the district and don't have a set boundary assigned to them. Um we are doing a mailing uh to all parents of middle school students um
very soon about our high school offerings. um feeling like, you know, that's a time when a lot of families do a lot of open enrollment and really felt like we needed to to share all the the offerings at the multiple high schools. So, I love that. Thanks. See how that
goes. Maybe do more in the future. >> Perfect. Thank you. Um Mr. Matthews, you have anything to add? We're doing comments and reports. You you excused yourself. I forgot to tell everybody he was going to be late, but >> um yeah, thank you. Uh, no, just um also
got to go to the to the business I don't know if anybody mentioned this yet, but the business partnership appreciation breakfast and uh that was a as always a fantastic event. We we could not do what we do as a district without the partners that we have in this community and there
are so many business partners uh who provide in opportunities for internships for our students. Um and again that that is just a a great event that we get to that we get to attend and and see what all is happening and how many people are
investing in the students and the high school students in this district. Um uh Mr. Dr. Bentley and I went to the Evans the next day the Evans state of the city and uh we we hear often about Gley and how much Gley is growing but
but Evans is growing too and it was great to hear all the exciting things that are that are happening in Evans and so they they do they do a great job. I also got to go to the first discovered district 6 academy um and encourage you guys to to join in some of those. It's
always good to to have a few people in the room who can answer questions. So, if you get a chance to go to one of those, that's a that's a great way to engage the community. We had a number of parents, parents from Miker and parents from Shasheen. But this room was just
full of of people who who want to know more about the district and what's happening in the district. And um then finally, one one announcement. Uh and uh maybe all of our high schools do this. My kids go to Central, so I just have the one from Central, but uh Thursday,
October 30th, uh 5:30 to 7:30, there's uh trick-or-treating at the castle, and Castle can be a spooky place. So if you um Yeah. >> Yes. And I believe Northridge has one. Gley West has one. Um, Central and Franklin, I think this year is joining
in on trunk and trunk or treat. >> Well, there you go. >> Lots of lots of opportunities for candy >> around. >> All right, that's all I got, Mr. Bentley. >> Uh, yeah. I like Michael said, uh, with the partner breakfast is amazing. It's pretty pretty cool to watch all these businesses engage with that internship
program and and just watch the explosive growth it's had over the last four or five years. um just is pretty amazing just to hear their stories and the things they've been doing and and um all the all the details there. Uh the Evans City State of the City was was good to just kind of keep in mind our our
partners to the south, you know, that our inner boundaries and and exponentially growing. I attended a um it was a comedian charity event this summer and u his opening line was, "Hey, thanks for having me at Greley. I didn't know you guys were doing the festival of
detours." and uh it just it just kind of you know solidifies the fact that we we are growing and and there is a lot of detours and a lot of construction and and Evans is a big part of that. So good to hear that they've got a lot of exciting things going on and you know paying attention to to you know the
outlook of growth and everything like that. So exciting things going down. >> Um >> Mr. family. Yes. There was one other um activity that both Brenda and I from my knowledge Brenda and I attended that was the women's gayla annual women women's
gayla where our former board member Terry Papus was inducted into that uh group a distinguished group of women and uh just a kudos and a shout out to her. >> Yes. And she was highlighted for her legacy in caring for children. >> Awesome.
>> Yeah. Thank you. legacy for caring for children and kicking me under the table. Um, all right. We're going to move into the review of the facility uh district site and civic center project. I think Kent's leading this,
Mr. Henson. So, we'll just um I'll just kick this off and then turn it over to Mr. Henson, our assistant superintendent of support services. Um, but I think uh all of you are aware that you have received all of this information um now a a couple of
times and formally received it on at the August 11th work session. Um we do have Adam Frasier with us tonight from Richmark. I don't I think that's it. So, um, he can also assist us if there's there are additional questions, but we
thought it would be good after feedback from a couple of the board members to bring this back again tonight just to remind everybody since it's been a couple of months um of really what the project is and then go into the conversation around the funding for the project. Y
>> um, Vice President Bentley and Dr. Coach Board of Education. So, thank you for letting me kind of go back through this again. It's a good time to do this. We did also talk about the facility, this facility plan in May. Um, so we've been through this a couple times, but what
I'd like to do is kind of remind you of the kind of why we are where we are and how we got to where we're going. And then the third part will be kind of what's up, like what's going on right now cuz there's a lot that's happening right now. um with this project
citywide. And so going back to the site assessment that was done um back in 2019, um you know, this was just kind of a physical assessment. We didn't spend any bond money on this building, but we just kind of noted some things that were um
needed to be fixed, which was quite a quite a few things. Um and so this building um is 70 years old basically. And when you step back and think about that, that's a long time. The castle is going to be 100 next year. And you know,
they're closer in age than this building in a lot of our schools. So that's kind of a you don't think about that, but that's kind of a good uh barometer. Um so um kind of areas of need uh that we talked about you know bathroom numbers
you know bathroom being ADA compliant um or not being compliant. Uh the envelopes in poor condition um with water intrusion around windows and woodpeckers love the stucco uh which adds to more water intrusion. uh the
glass um in terms of uh thermal regulation of the building uh pretty non-existent on there. So we get a lot of uh temperature swings in this building especially if you're you're near windows the mechanical and HVA system
just needs to be totally totally replaced and uh we also need to add fire suppression. Uh, one of the reasons there is no real fire suppression here right now is um there's a lot of asbests here
which was a fire suppressor. Um, so safety and security upgrades, you know, just like our school buildings, uh, we need to do upgrades to this site and our elevator replacement. Our elevators are old. Um, we had, remember,
the two elevators down, uh, I think it was last spring for quite some time, and trying to find parts for these elevators is, uh, pretty difficult to do. Um, and then, uh, a year ago, we hired
HCM to do kind of a quantitative study to put dollar amounts to what needs to be fixed in this building. So we could measure, sit back and say, "Okay, should we replace this building or fix this uh building?"
And so that um replacement value came in about $36 million and uh repair estimate was about $23 million. But that repair estimate didn't
improve the status of the building. the inefficiencies in the layout of the building, how offices are organized, how space is organized, um it it was simply like replacing parts, but it it still wouldn't function
the way we want to want it to function. And so with that renovation estimate, you know, um you know, we talked last time about uh the FCI score um indicates that it needs to be replacement anytime you get over a 0.5 in a building. And
then we charted the number of ban hours that we've been here just doing work orders over the last couple years. And that's enough to put one person here full-time um just just to take care of those. And then going back to this number here of 36 million versus 23
million, you know that repairs are 60% of the cost of a replacement building. And I think Rob, you mentioned that last time that, you know, when you get over 50% in the business world, you you really need to make a move. So this is an um excellent time for us to do this.
Um, and then these are things, you know, versus renovate. Still what we're we would be left with is a 70-year-old building that has a lot of inefficient space. If you look at this floor, this room is efficient use of space for people. Look down the
hallway, there's air and what really nothing on this floor. Um, so we could you better utilize square footage. Um, let's see. That looks a duplicate sign.
Um, also, uh, renovation is very risky, uh, because this building has been renovated so many times. There used to be a dentist office up here someplace, a doctor's office, it was a bank, it was all sorts of things. Um, what's behind
the walls? And so if you go to say, "Oh, we'll put a doorway in this wall." Well, what's behind that wall? Sometimes you don't know. And that's added cost. And we found that out as we went through and renovated our school building. So if you can build new, you eliminate a lot of
risk and you get an opportunity to kind of start over. Um, also what that renovation cost wouldn't do would allow us to bring the family center and student information um services back into this building um
because they're across the street. So, building uh new is a good long-term investment um we'll have because we're going to design it as an office building to be an office building. So, we'll actually
start with a building with the intent, you know, built for what it should be. Um, we'll see decreased energy costs, um, which could be substantial. Um, it'll keep our administration building downtown and allow us to bring in the
family center, um, and student information um, group into this building and allow us to start from the beginning and create a safe safe environment for all. When I say safety, I mean physical safety, but also a safer environment in
terms of air quality um for our employees. Um the advantage of working within this group with the civic development group um is that we do not have to purchase land to start this process. So that cost
right away um is a savings to the district. Um there's not a lot of space to just start to build in the downtown area as you know and all of us that are in this project are in the same boat. We're relying on property swaps to get a
new start on demolition and then build uh to kind of hopscotch uh through the city. So that's an advantage to all of us. Um the other thing that we can do with this project is we can build right out the window. we
can build. Everybody here can work here and then there's going to be a date that comes and we will just move across the street and then we'll demolish this. Very efficient in terms of our um we don't have to stop work. Um we don't have to
find another place to move all of our employees which there's a cost to that. You have to usually renovate those spaces which downtown um you know that could be up to $3 million to renovate to put in your own phone system, bring in
your own um you know network and then to make office spaces useful and etc. And then also we'd have to pay rent on that. So all that money we would put into a place we'd lose when the lease was up. So, as part of the civic campus uh
project, uh these are the four main parties um that you know about Adam Frasier's here in the back and he's a member of the Richmark uh group and you heard him in I believe it was May
May he was here in front of you and each of us has our own goals for this the city and the county and ourselves and also for the greater good of the city of Greley. We are going to end up with a great kind of civic downtown 4 and a half blocks
here uh that will be all tied together with a huge emphasis on pedestrian uh traffic moving about through the city. And so the overall project covers about four and a half city blocks which is
about uh 16 acres. And like I mentioned, um, our advantage to doing this is that we are going to get real estate. So this property over here is actually owned by the county. The county is going to be in a property swap agreement with the city. And so
that piece of property will be transferred to the city and then we will swap this spot um for that spot with the city. So, the the transaction is really it's a two-step process, but it will be between
ourselves and the city. And so, there's the the spots. There we go. Woo. Do you know where on that lot the building will be? >> Uh, that's what we're working on right
now is the footprint um of that bu building. Um, so we have in the back we have Adam and Kitty. Adam is with FCI Construction and Kitty's with Cunningham Architects. So, our design team we hired last week and we're already moving and
so we will have um a footprint somewhere within that yellow. And um and so that's what one of the first things that we have to figure out. And so in that spot, it's won't be the whole yellow thing, but in that spot um will become our new
district 6 administration building. Um on the top half will be the city hall directly to the north of the yellow and then over to the right will be a boutique hotel. And so they will each have um footprints within that space.
And then kind of the idea with this being a a city project is what's not footprint of a building, we will enter into an agreement to have that as common space that will be utilized, you know, for this block and then carry through um
to the rest of the city. So that uh those conversations are starting, but we all need to get our footprints in place. And then this part um our part here after we demo de demo it bait it and
then demo it will become the parking garage uh that will be city-owned. Um timeline um we're moving. So, um, we are in a for the juror block, which is the yellow, and then the large block on
the top. Uh, we have an agreement where we're going to turn in one civil plan um to the city for review. uh instead of all three of us working independently on that, which takes a lot of time, um we've all agreed that we're going to do that together, uh which will save all of
us cost and also save us uh time. And so that's in motion. Um the these are the timelines that we have kind of proposed. Um we're on pretty close to on track on the left. Um you
know our hope is you see construction start in August of 26 and then substantial completion which means when this building is done is in we have it as February. Uh it's aggressive. Um things could slide a bit because we
have multiple parties involved in this and you know who knows what happens when you start digging in the ground. We do know that um in the past there were dry cleaners here and there, gas stations here and there uh which in the 50s I'm
not sure they were sites were cleaned up as to today's standards. Maybe that's an assumption. Uh so there might be some additional work that has to be done in those places. But um anyway, we're working really hard to make sure we're hitting
the front end of this and then we understand that the the uh backside might slide a little bit. What we our goal is to have this building demolished before we get into the summer demolition
period when all schools are having abatement work done that we can beat that. Um we know that from experience. Um so here's um we had for this project we had 17 teams
um apply to this project um when we put it out for bid. We have never had that for a school. I mean for any of the work that we did we did a heck of a lot of interviewing but we never had 17 submittals. >> Not Yep.
>> Mr. And I'll just um remind the board that in your agenda tonight on consent is consideration for approval for FCI and Cunningham. Um since we're not doing a formal presentation in the business meeting, we wanted to share a little bit
with you about them here. Um so you can see uh the folks that we're proposing to build >> the new building. >> Yep. So we went through the interview last Friday and interviewed five groups out of 17. And so, um, we've already,
um, had meetings this week. Uh, we've introduced our team to the, uh, civic team that is doing the whole block. And so, we're off to a pretty good start. So, you see Adam on the left is here. And then Kitty is here from Cunningham
and they're in the back. And then here's our project cost. Um, uh, construction cost is $38 million. And that's cost to construct the new building. And then our total cost that we have set aside, as you mentioned, is
$50 million, which includes the cost of uh the parking lot. And then how we're funding this project, Dr. Pilch? >> Well, and that's what we're about to get into next. Uh and this is uh our plan is to use certificates of participation.
So, we've been working with Stiffl um Mandy and uh director of finance and Nate legal counsel and working with an outside attorney as well to begin to develop the plan for the certificates of participation. And so, we'll walk through tonight with you again tonight on exactly how those work um and what
you can expect. But we're planning on a 25-y year for repayment on those and that that would be an annual payment of approximately 3.25 25 million um that the district would incur uh in order to lease back our properties that are being
held as part of the certificates of participation. Um really ready cash. So, we'll we'll get into that next, but we'll be happy to take any questions you might have right now about uh the the
the project and then we'll we'll take the questions on certificates of participation following that presentation. So, I have a question um with the 17 bids. So, when the project was presented
um to the design and construction people, like did they know they're going to be working collaborative collaboratively with the city and the county? >> Yes, that was all put out in our um submitt that we put out there. >> Yeah, we're because I do think that's pretty well I don't know unique um that
it's that it is this collaborative effort. Um I think uh Director Matthews at one of our meetings um we were kind of talking about the importance of having it be a cohesive vision uh between the three, the county, the city, and the district. Um that it's an
opportunity to for the aesthetic to be aligned and um and yeah, and so so I'm glad that that is something that's definitely being considered and that we're not just, you know, three entities working in three silos and and have a hodgepodge of It's actually four four
four entities with the private group vertical. >> Okay. Yes. Four entities. Um yeah. I Who is the civic team? So you said the civic team is in in charge of the whole block. The civic team that we're hiring is the
CI are the civil engineers that are going to be >> working with all of us >> working with all three of us on where utilities will go and then working with the city planning department. Um so that's one thing we have to figure out is what is our where's our footprint
because one of the first things we have to do is figure out where will the utilities >> go to the building. Well, that where the utilities are on the whole block is kind of dependent on that. So, >> there are we've been having regular
standing meetings that Mr. Henson and Mr. Curtley are part of along with staff from the city and the county and um Richmond Vertical. >> Yeah, we've been meeting for four months. >> Yeah. On a weekly at least basis. >> Three times a week.
>> Yeah. Three times a week. And I love to hear that rather than every entity, you know, recreating the wheel, that there is collaboration for time and cost savings. So, I think that's really cool and important. >> Um, but yeah, those were my big things. Um, I'm cur This is more not my
schoolboard hat, but just um a lover of downtown Gley hat. Um, I would love for the the floor level, um, the first floor to have more restaurant and retail rather than office space because on the weekends, you know, I'm not necessarily
hyped about going into a school admin building, but would love to to visit this area and and see more than just empty office space on the floor level. >> Well, as a comment, >> our our building will not have retail in in the building for safety and security
reasons. That makes sense. So we will start on ground level. So unfortunately our our building probably will be empty on the weekends. Um as I would presume the city building will be as well. But the the intent if if you remember the renderings the intent is to have some
retail some that that boutique hotel um right there readily available also in the same area. But we won't we won't share our building with other entities for safety and security reasons.
>> Can you speak a little bit about the parking situation um when the new building is constructed and the folks from this building move over into it and this building will be demolished for a parking garage. What
happens in the interim? Well, we have worked with with Richark. Stephanie from Richmark has counted every parking space in this city. And you have to remember this isn't the only parking lot that's being built. There are others to
accommodate. Uh be like a swing parking lot over here for the county to use. Uh because the county has to have parking before they leave this. So there those are the many pieces that are moving in this project because they still are going to have court
>> and you know it is going to be complex Mr. Rosari and it's going to be difficult. There's no question about it. Parking will not um be comfortable during that time while that parking garage is being built. That's just a reality. >> They mentioned the the lot that they own over across the street by Austin's,
right? that would be used. >> Yeah, there there are there are spaces available and it's not going to be nearly as comfortable for employees >> for any of us as it is right now, but we'll we'll work through that and >> that'll be our bumpy. >> Yeah, we'll work hard in the beginning,
>> but but we do have we own a lot across the street that hardly anybody parks in. >> We rent a little lot over here next to the ch this church, which hardly anybody parks in. So there's >> and there is a lot of street parking
that is not used. So for the people that work in this building, >> how many people work in this building? >> Uh it's we got we're figuring about 135 to 150. >> 150 maximum
>> and that's why the 150 spaces. >> Yeah. Dedicated uh spaces. >> Okay. >> And then there'll be other public parking in the garage. There'll be county parking. they'll be counting for the the hotel will be parking there. Uh
the city will be parking there. Um so we we kind of haven't talked a lot about the parking garage yet, but it's coming. There's been a lot of talk about parking to get to this point was probably
one of the things that was talked about the most in terms of counts to ensure that everybody had the right kind of count around in the city within these blocks in order for us to even get to this point. Adam, is that a fair assessment?
>> Yeah, >> maybe that's why it's on my mind. >> Yeah. No, it's a big big deal with a fleet as big as ours. I think we could figure out a shuttle system if we had to, too. There's a lot of options. >> Yeah. >> What other questions can we answer for
you >> about square foot versus square foot? Do you have that in there? Current versus new? >> Yeah, I think we we are looking about the same like not necessarily more, but there's a lot of inefficiencies in this building. >> There's a big safe room that we can't use. you know, we're hope Yeah, there's
that. And then if you go on the third floor, it's kind of things are just really spread out. And so that's why we've got architects. And Kitty is a workplace specialist in designing office um buildings. And so um we hope to get
rid of some of those inefficiencies, but at the same time, we'd like the board room to be bigger and flexible, flexible space where we could maybe do a professional development in it. we could use it more than every other Monday. Um, you know, at what is it 6 or 7:00,
whatever it start, you know, for 2 hours every two weeks, we could use it on a daily basis. >> And I'll also just remind you that the family center staff and the enrollment center staff will all come into this new building as well. So, those are the folks that are all in lease space across the street. It's
>> raining outside. >> Yeah. >> How how tall is this building going to be in terms of floors? >> We don't know yet. >> We don't know yet. We don't know yet. It'll be >> three or four depends on how >> three or four floors >> wide it is. We've um given uh uh the
design team kind of what we thought needed to be on the first floor bases based on community interaction in and out. Obviously the family center, you know, is a lot lot of that. And then um then we'll go up from there. Um and then
we'll see. Um like I said, there's a lot of inefficiencies in this building. how can it be more efficient? So that's why we have design team. >> I just wanted to add a comment on the facility condition index. Um you were
quoting that over 50% means replacement. Um but actually even above 30% is already poor condition potentially requiring major investment and then above 40% is accelerated aging with vulnerable infrastructure. Um, we're seeing it rain outside right now and I
know I've texted Dear Drew after storms, did did we flood? Did the admin building flood? So, um, yes, I think it's it's due time obviously that we replace the building and um, it's fertuitous that the city and the county also need upgrades.
>> Yep. We're getting right now also doing our facility master plan all of our schools again prior to a next bond. So, we're re-evaluating our buildings after the bond to see where they are. And a lot of their FCI scores went up, which is should have
>> I'm sorry, went down by the way. Went down, improved, [Music] >> other comments or questions that you all have? >> Just thanks for the work on all this in advance. >> Yeah, appreciate it.
>> Adam, did we miss anything that you want to add, Adam Frasier? Oh, I to just tell the board that you have an amazing staff. >> You guys should The community is very very fortunate to have the staff that you guys have here and I congratulate you on doing a great
job as a school staff and board. Thank you. >> Thank you. Thank you. >> Thank you, Mr. Hansen. >> You're welcome. >> Go check if we need sandbags. with my car. >> You were just You were just talking about flooding.
>> I know. >> Raining pretty hard. >> Yeah, it's coming down. >> All right, we'll go on to the certificates of participation presentation. >> Yes. And I'll invite Nate up as well um should we we need uh legal counsel to
weigh in on on any of the questions you might have um or add additional comments. So, I think all of you know Mandy Haidok, our director in finance. And I just as we start out, I want to give a shout out to Mandy and Megan's absence with um Megan being on FMLA to
to be able to support uh her husband who has a terminal illness, Mandy has really stepped up and really taken the reigns, not only with this work, but lots of other work here in the district. and I she is she's working night and day to support the district and and help keep
us together financially. So, I just I just want to give a shout out to her. >> Thank you, Dr. Pilch. Um I have Amy Canfield from Stifle Public Finance with us this evening. Um there are underwriters that are advising us through the um certificates of
participation. We've also engaged them previously on our bond issuances and had wonderful success and Amy's extremely knowledgeable in in her field. So fortunate to have her here this evening to share more about cops with you.
>> Thank you so much. Thank you to the board of education and Dr. Pilch for having me here today. Um, and just want to echo that Mandy has been amazing and taking the reigns on this and um, she did a great job presenting to the rating agency a couple weeks ago and yeah,
overall I think everything is going great, but just want to give you an overview of the transaction and where we stand currently and happy to answer um, any questions. So just to provide an overview of where we are. So as you are
familiar um on the civic campus pro uh project this will finance the the new administration building and the demolition of this current building. The coops are going to be structured with fixed rates over 25 years and then they
will also be callable either at 10 years or at an earlier determined date um that we will decide if we stay on schedule on our pricing date in a little over a week. >> Can you actually um explain what callable means? So callable. So with a
25-year financing term, if we have that st that standard 10-year park call after 10 years, we can pay off the balance with no penalty. Um so if we have 40 million outstanding, you can pay off 40 million and walk away from that without
any interest owed. Or you can also refinance. So if interest rates have gone um down over time, you can refinance and capture those savings by lowering those annual payments. Um, and also wanted to add that we are structuring this with with level
payments through through the life of the the 25-y year term. >> And Amy, I'll just add this is new that is new information over what we shared with you all when we met one-on-one. Um, but in order to get, you know, to make this work and to get the best rates, that has changed a little bit where we
thought we could pay off at any time, it's actually at the 10-year mark. And the aster >> there's an asterisk that does say or an earlier date. >> Yes. So, so we are evaluating that currently with finance staff. Um, you know, we we can have that date a little
earlier. Um, and it just, you know, depending on the goals of the district that, um, that may make sense to kind of move that up a few years, um, just depending on, um, where we arrive before pricing date, but at least 10 years or earlier, but it's not an any date. It
can't be, you know, right after issuing the the debt. Um, and I also want to add that, you know, this is a lease financing, so it is subject to annual appropriation by the board. So each year as part of the budget process, you'll be given this
payment and you'll approve that um just like the the standard budget process. And then I wanted to just touch on the maximum parameters that are in front of you in the authorizing resolution. So that um these are maximum. So everything
um must be within these maximum amounts. Um we do have on here the 3.25 million annual payment. We are actually projecting that that payment will be less than that but um that is the maximum. So just to go through those um 43 million of principal amount. The
final lease term is 25 years. to the end of 2050. Final sight lease term is 10 years beyond that at 35 years um ending in 2060. The maximum net interest rate of 6% and the maximum annual payment of
3.25 million. So that is what is in front of you this evening to approve those maximums and then delegating to district staff to ultimately sign off on the terms of the financing. And then there are also additional
drafts of documents for your review. These are in draft form and will be continued to be updated as we finalize the the financing terms after the sale. And that's the preliminary official statement. That is the document that we use to market the bonds to investors.
And then um the main financing documents that outline the the details of the lease or the site lease, the lease purchase agreement and the indenture. And then the certificate purchase of agreement is the the document that is executed on the day of sale. So
finalizing those those financing terms and then this is just giving you a look at what our current estimated financing structure is. So you can see our annual payment is um under 3.1 million um 3,85,000
from 2026 through 2050. Um and again there this will have a call date. So, there will be um you know, if we go with the most conservative 10-year park call, there will be at least two times that the district can refinance this and capture a lower interest rate
or pay it off entirely if um the district has the desire and means to. So, something that is different about a a certificate of participation is that it does require leased assets. So um generally we try to find leased assets
that are valued at approximately the same amount of the borrowing of the the coop. So we have worked very hard with district staff and the legal teams to find the best assets that kind of um got us as close to the 43 million and also
didn't have any other concerns um or to or significant bond proceeds spent on them. Um so we have identified Wowgrad and Maplewood to be our two collateral properties. Um we are also planning on having a release schedule if if the
insurer allows to release one you know partway through the life of the loan um just to you know make that asset unencumbered as early as possible. Um and something that we are also working on um that we have deemed to be in the
best interest of the district is to um substitute the project as collateral. Um so once the project is constructed and occupied the new admin building can be substituted as collateral. those two um schools, Winterrad and Maplewood, could
be released. Um and and that way if the district had any future plans for those school sites, um it is just a little cleaner to move forward with that >> and that could be um with our optimistic timeline could be as early as February of 2028.
>> Looking at Kent, but he's looking at his phone. >> Yes. So, um, >> the requirement is just a certificate >> on on like the optimistic timeline for the substitution of the lease property, um, from the slides you gave us before would be February of 2028. If we stay on
schedule, I know it's being a bit optimistic, but we could, um, in theory, if we were really done and occupied by February of 2028, then substitute the new D6 admin building for Winterrad and Maplewood. >> That's for these guys, not Mr.
Okay. Only he knows the completion dateish. >> Yeah. So, we'll have to wait till we're at completion and then we'll have to work through that substitution process. >> Yeah. So, they require a a certificate of occupancy. >> Um and then there are just a few little
paperwork things to get signed off and um bond council can assist with with that process. >> In 2028 hopefully. And then I just wanted to give an update on our rating. So the district presented to standard and pores on October 13th.
Um the district currently had a rating an underlying rating on their general obligation bonds of double A minus. Um and that was affirmed. So um no change to the rating, but coops are rated a little differently than GEO bonds. So typically it's one notch lower because
it doesn't have that unlimited um tax pledge and it also requires that annual appropriation. So because of that it is one notch lower. So A+ rating on the coops and we have been working over the last couple weeks to evaluate adding insurance. So there are a couple
insurers that will insure municipal bonds at a double A rating and there is a fee um to add that onto the deal. But in a in a lot of cases for an A+ credit, if you compare the pricing results for
an A+ credit on its own versus that double A insured credit with that um additional fee, it usually is is better for the district to do so. So we have determined that by adding that insurance and that double A rating, it can lower our annual payment and cost of
borrowing. So we are planning on moving forward with that approach. And then just a quick timeline. So obviously we the the board is reviewing this today. If the resolution is approved, then we are hoping to post the
offering document tomorrow and then spend the next week marketing this credit and financing to investors. Um targeting a pricing date of November 5th. So, at that point, we will finalize the rates and know all of the exact
terms of the financing and um you know, finalized documents to close on November 19th. And on that date, the district will receive the receive those COP proceeds. And then this is just a a little snapshot at where we are in the
municipal bond market. So, municipal bonds um price, you know, similarly to the treasury yield, but we actually have our own index called the municipal market data. Um and it basically tracks what a perfect AAA credit would price
at. So, that's what these um these charts are graphing on the left hand side is that MMD chart. Um so, of course, we're not at the yields that we were at in 2021. rates have increased um since that postcoid era. But if you look
at that bottom left chart um we have the gray bars that represent a 20-year history of that MMD range and those dotted lines are the highs and lows of 2025. So we are actually kind of
hovering over those lows for the year currently um with the exception of of the short end. um as we have had some some Fed action that have in increased rates over the last year or so. Um but but I feel um like we are close to those
those annual lows. So that so that is helping with um with timing. Um so yeah we are we did present to you that maximum rate of 6% but we are estimating that the total borrowing rate
is going to be um under 5% currently >> but that that is all of the slides so happy to answer any other questions. >> Um this question I'll I'll ask it at the business meeting too just for the sake of transparency but if either you or um
Mr. fall could explain why Winrad and Maplewood were chosen as the collateral schools. >> I'll just go back up here. Um yes. So when when we issue coops, generally we want to have the the leased property um
equal to about 90% to 110% of the value of the coops. So it's it's kind of walking that fine line of not having too little collateral and not having too much collateral. Um so that was part of the decision- making. And then um
another big piece is that we don't want to pledge assets that have a lot of bond proceeds in them because then if anything um and this is more of a legal concern, but if um for example, if the district didn't appropriate and didn't
make their cop payments, it could um and and there were significant bond proceeds in this financing and say that asset got taken over by the trustee. it could be a tax concern for the bonds. So, we just don't want to coingle um bond proceeds
on a leased property. So, so those were really the main reasons. Um you know, just trying obviously the district did improve a lot of buildings as part of the the last bond in the 2020 and 2021 geo bond offering. So, we were
really trying to avoid avoid using any of those um properties that had major bond dollars invested. We also needed to avoid properties that could be potential for uh being demoed and rebuilt in a future bond.
>> And speaking of the future bond, um I know we have this 10-year uh period or maybe earlier um to be able to pay it pay it all back earlier than the 25-y year um term. Could we use bond future bond proceeds to pay this off earlier?
We would we would have to it would depend on how the bond language is written. So when we do write language for a future bond, we will write language in such a manner that allows us to utilize bond dollars. Could also be included in the actual bond, right?
Wouldn't have to be proceeds. Is that correct? >> Well, and that's that's a lot of why we are um taking a look at that call option. um just to make sure that based on the district's plans over the next u several years that we have the right
flexibility in in this coop financing. >> There's a lot of moving parts in this. I I've come to understand um not only from Amy and Mandy, but also from talking with other superintendents who've used coops that you you want to have the right cops at the beginning and or or
the right language in the beginning. You want to have your bond language just right. So, uh, fortunately we have a really strong team on this. >> Amy, I just had a quick question and maybe I missed it somewhere. Are there minimum and maybe I'm off base here.
Minimum and maximum values to the cops like there are to bonds like $1,000, 10,000. Um, are they sold in those kind of increments or they just random numbers? >> Yes. So, they are in 5,000 increments.
Um, do you mean for like an an investor to participate? Um, yes. So, we can if so, so like an individual investor can participate. We call that a retail order. Um, and they would just have to
work through Stiffl and a Stifl broker to to participate in the bond sale or the certificate sale. Any other questions? Great. Anything I missed? >> No, you did great. Thank you. >> Perfect. Thank you so much.
>> Thank you so much. >> Did you want uh Mr. Rosari, did you want Mr. fall to >> well I I thought it might be wise just for the record um it's more basic than anything we've talked about but just for the record to um to make sure that folks
listening in on this uh if they have any concerns at all that we have considered uh the essential legal requirements um in regards to cops from a Taber perspective and uh that we do understand the risk and how we're trying to
minimize that. So, if you could just address that very quickly. >> Yeah, thank you, Director Aari. So, um let me see how to best phrase this. So, there's the Colorado has the taxpayer bill of rights. Uh and as a governmental entity, we're prohibited from entering
into multi-fiscal year obligations uh or indebtedness without voter approval. Um and so the way a certificate of participation works is we're not taking on any debt. What we're doing is we're entering into a long-term site lease with a trustee. in this case, US Bank, uh, who's then going to enter back into
a lease purchase agreement with us. Um, and so we're not incurring any debt by doing this. We're not, um, making a pledge of credit to the voters for taxes for the purposes of financing the construction of this building. We're simply just entering into a long-term
lease purchase agreement. uh with the caveat that if we ever default meaning if we don't ever pay that money uh if the board doesn't appropriate funds then the lease holder in this case US bank would have the right to relet the property so we'd have to be evicted from
our own property and then US bank would be able to relet that property but we never lose ownership of that property which is important for the purposes of tabor when we're talking about indebtedness because we're still we still are the owner of the property, we don't actually give up any of our rights
of ownership. Uh we would just have to evict it for a temporary period of time, which uh as uh Miss Canfield pointed out is going to be until 2050. So the the way that the um documents are structured is they all contain annual appropriation
clauses, meaning this board uh on an annual basis is going to be appropriating the the the amount of money uh to enter into that one-year lease. And then we'll just continue doing that for 25 years and you'll be appropriating funds. Um and so that will
take care of the Taber related issues. Um again, we're not pledging any credit um any additional obligations to levy taxes for future payments. This is something that we're committing to do. And then just again making sure that all documents have explicit disclaimers
around uh Tabor and annual appropriations and things of that nature. So, I don't know if that exactly answered your question. I can answer more specifically if that helpful. >> It's fine. I just needed another explanation on that for the for the record.
>> Okay. And I don't know if I said >> there's just one. So, one thing I want to mention. Um, so the lease term is through 2050. Um, the site lease term is actually what dictates that um, you know, if the trustee did take over the
property. So the site lease is longer than the lease term um by 10 years just in case they needed more time to make investors whole. So, another another thing that I didn't mention earlier, but when we think about collateral is is we really do want to find properties that
are considered essential to the district, that's really important to um investors and the rating agency and the insurance agency as well to kind of give that good faith pledge that, you know, the district certainly does not intend or want to default on this and you know,
they want to keep these assets in place and these are very important assets to the district. So that that's a consideration as well. So um and if it gives you any comfort to know this is a very commonly used financing tool um through throughout the country but
especially in Colorado with school districts, cities, counties. Um, I think with with school districts, especially if there is a project like this that comes up and there's an opportunity and it doesn't fit in a timeline with with the bond financing or maybe it doesn't
fit in the scope of what you want to go to the voters for for a bond financing. I think we we do see um you know a lot of large school districts in Colorado that use these tools often and it's probably more unusual to have no cops
like um this district does currently but you know I know that um DPS Aurora public schools Colorado Springs D11 um Westminster schools like if you look at a list of the the largest districts in the state most of them do use cops And
um you know, QTA Rock and Butler Snow are are both working on this financing. Um they they represent a lot of districts throughout Colorado and um you know, have a lot of expertise and experience working on these types of credits.
>> Well, thank you. Appreciate that. >> Yeah. >> Anything else for these guys before we wrap up? >> All right. Thank you guys. >> Thank you. >> Appreciate it. >> All right. We'll debrief the work session. We'll start with Matthews this
time. >> Yeah. Thank you, Vice President Bentley. And uh thank you to everyone for for the presentations and not not just for us. We've been through some of these uh presentations before, but for the public and to make sure that Thank you for those questions. Uh that last question,
Mr. just so that so that people understand what this is and um the security that we have in the district. So, uh it's very exciting. We we're super excited about being a participant in this and um uh
not only a new administration building for uh for us, but also the larger development and what this means for downtown Gley. So, thank you everyone. >> Thank you, Mr. Zary. Well, I agree and thank you um to
everybody in the room who is engaging in this project. This is a special time in our school district. I think we're all going to look back on that um where three, actually four entities are working together uh to improve
uh the lives of all the people involved in these projects. folks from the county, the city, the school district, and um the downtown uh Greenley area. Um so it's I I'm I'm really excited about
the future here and and again, I want to thank everybody who's participating in on this and for their time. >> Thank you, Mr. Norwood. >> I think we're blessed with uh Mr. Hansen and you councelor Fall and all the
people that are involved in this, the time and the effort that they put into this is really amazing and um looking forward to seeing the whole project start to develop. I think this is really exciting for the district and um you know I I think about if you had to take
everybody if you're going to redo this building, you had to take everybody to remote offices, how uneffective that would be to our students and to our teachers. So, I think this is a great move and I look forward to seeing it uh get started. >> Thank you, Dr. Campbell Spitzy.
>> Yeah. Also, just wanted to thank you all for both presentations. Um and um the purpose of school board meetings is transparency. um you know, we're all elected officials here and represent um different constituents in Gley and um so it's just important for all the
information to lay out and I thought um both of the presentations were very clear. Um yeah, I'm excited about the promise of this civic campus um having more walkability, more public gathering spaces, and a stronger link between the
civic campus um and our existing downtown businesses. Um, I also love the idea of 500 potentially 500 more employees in this area. Um, which will be awesome for our existing businesses and hopefully will attract new business as well. Um, so excited to be part of
revitalizing downtown in Gley. Thank you. >> Yeah, I'll just uh kind of echo what everybody said. It's it's very exciting. I I would probably be impressed to to find out if there's ever been a collaboration such as complex and as exciting as this one with three public
entities and and a private entity. Um it really is a once in probably a generational type type project and uh you it'll it'll make a long-standing difference on Gley for for future generations as well. So thank you guys for all your hard work. Um with that
we'll adjourn and we'll see you back at 6 pm for the business meeting. >> Thank you. [Applause] [Music] [Applause] [Music] [Applause]
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Good evening. Welcome to the business meeting for the board of education. I didn't do that. of October 27th for the Gley Evans School District 6. I'd like to call this meeting to order. Please join me in the pledge of allegiance.
I pledge allegiance to the flag of the United States of America and to the republic for which it stands, one nation under God, indivisible, with liberty and justice for all. >> Miss Le, can we get a roll call, please? >> Director Zari,
>> present. Director Bentley >> present. >> Director Campo Spitzy >> present. >> Director Mash, >> Director Matthews, >> present. >> Director Norwood >> present. >> Five board members present. >> Thank you. Um, for my announcements tonight, we only have a couple things
that we worked on in the uh work session earlier. We got updated on the uh review of the Civic Center project. Um, for you guys that don't know or reminder for you that do, that's the collaboration between city, the county, the school district, and Richart Vertical as a
private entity. Um, doing a land swap and a redevelopment of the downtown area. Um, we we ran back through the the financial picture and placement of um of where uh our current administration
building is. and um the the differences in renovation and and replacement and all those good things. So, um very excited about that. Um you'll see some stuff later on the consent agenda. Um we're actually going to enter into a
contract if approved with FCI who um who has partnered with Cunningham for an architect in a design build of the building. And we're we're very excited about the the future potential of all that. So um we also heard about the the process we're going to use to
finance it certificates of participation and all the details there. Um it's very common uh avenue for for government entities to to finance uh with the the tabor laws and everything that we have to adhere to here in Colorado. So, uh,
just big thank you to the community for all their support, uh, the other entities, this county for staying downtown, the city for their their collaboration, and obviously Richart Vertical. Um, that's all I have. We'll move to uh, four, approval of
agenda. It's a action item that needs a motion. >> I move that the board of education of Gleam School District 6 approves the agenda as presented. >> Second. >> Thank you. Vote. Is there any discussion? Seeing none, m give us a vote. >> Director Ozari, >> I.
>> Director Bentley, >> I. >> Director Campos Fitzy, >> I. >> Director Matthews, >> I. >> Dr. Norwood, >> I. >> Motion carries 5. >> Thank you. We'll move on to special items. Superintendent Honor role. >> Thank you, Vice Who Vice President
Bentley. Um, I appreciate that. I'm excited to have two different uh recognitions tonight for the superintendent's honor role. Of course, I want to recognize some students. And unfortunately, not all the students are able to be here tonight because they're doing what all very high achieving
students do. They're taking college classes and and other things like that tonight, but I I'm still going to announce them to for you. Um, we're recognizing six students from Gley West High School who scored in the top 10% of business students nationwide for the
2024 25 high school of business final exams. And I'm sure you all remember that they um the high school business students from Girley West, different students than these, but have been in front of us uh many times in the past to be recognized. This is really an honor
to to receive this recognition um throughout the nation. These rigorous exams are part of the school's high school of business program which is one of the focus programs at Girley West High School. Um this is a national accelerated business administration
program of MBA research and um curriculum center. So over 7,000 students from across the nation participated in the program during the 2425 school year and our six students were in the top 10% um of business
students nationwide. So, I'm excited to recognize tonight um Helen Bohanan who is not able to be here but who is with us tonight is Ivon Haimey Figereroa. Ivon, you're here, right? We're going to have you come up here. So, you might as
well come up and let everybody start um recognizing you, Ivonne. Um they scored in the top 10% on two tests um the principles of business and the business economics test. So, congratulations, Ivonne. And then Ruben Flores. He scored
in the top 10% on the principles of business test. Ruben's not able to be with us tonight, but also with us tonight is Alana Hill. And Alana um is being recognized for scoring in the top 10% on the principles of business and finance. Alana, do you want Oh, you're
already up here. Good job, Alana. You knew you were coming. And then finally, I want to recognize two more students who each scored in the top 10% on the wealth management test who couldn't be here tonight. Eli Aguilera and Freddy Madera Nunees. Um, and then I want to
recognize our our fine fine instructure instructor at Griley West High School in uh the High School of Business and that is Julie Ratliff. So Julie uh please feel free to come to the microphone and be recognized and recognize these students and then I'll come join you all.
>> Okay, great. Good evening everybody. Thanks for having us. Like Dr. Pelch said, some of our students are actually taking Ames classes tonight. So, they prioritized their time and felt like they needed to be in class instead of being here. But, uh, we're super I am super proud to
share a little bit about the high school business program and the incredible students who make it shine. The curriculum gives students a true head start in the world of business, combining college level concepts with hands-on projects, teamwork, and leadership opportunities. Our students don't just learn about marketing,
management, and finance. They apply those skills through realworld experiences that prepare them for the future. This year, I'm especially thrilled to recognize our students who scored in the top 10% of the nation on their final exams, especially Alana Hill, who is in her she's a senior this
year. And as she's, what are you five for six? I think she's five for six of the finals that she's taken. So, of scoring in the top 10% and I think she had to have been in the 15% of the one she didn't get the full recognition for.
And so their achievement reflects not only their hard work and dedication but also their ability to think critically, solve problems creatively and cor collaborate effectively. So I'll let each of them share a little bit.
So high school of business was uh personally one of my favorite classes that I took my sophomore year. Unfortunately, I can't take it uh my junior year because I am aiming to major in electrical engineering. So, that requires a lot of math classes. But, uh
from what I can say is that the high school classes, the high school business classes are very um interactive. They're very self-driven. So, if you're a very self-driven student, it was um it was very good for you because like um
although a lot of people uh weren't able to like score that highly comparatively, uh if you're very um self-driven, if you're very independent as a person, you're able to uh really represent yourself throughout these classes and
throughout these courses. So, >> um, I have to agree with Ivonne. These classes were really, if you wanted to shine and you wanted to learn and practice these, you had the resources, too. Um, I had a great teacher. I've
known her my whole life. So, like being back here my freshman year is really full circle and it it's just proud. Like I'm it's a good feeling to be back here. I'm really grateful. Um, these classes teach you a lot even outside of the curriculum like you said. It's time
management. You have to be motivated by yourself. It's nobody's going to force you to do it. And I think that's also an introduction to college classes, especially because these are concurrent enrollment. I just think it's good exposure no matter what the subject is. And I'm really grateful to have had Miss
Ratliff my last year with it. [Laughter] [Applause] And for our second recognition tonight, I am honored to recognize one of our community partners and leaders in our community. Uh we have with us tonight
from UC Health, Joanna Frerieded. And um she she has really just taken on our program around teaching CPR um to our staff and and also some additional wellness initiatives here in the district. And with her tonight to honor
her is her supervisor uh and the president of the the Gley Hospital, Marilyn Shock. And so I'd like to introduce first Jen Clark, who is our coordinator for health services, to come up and tell us a little bit more about this recognition. And uh Joanna, you should join Jen also. And uh Marilyn,
you're more than welcome to to come up if you'd like as well. while they're making their way up to the podium. I will just say uh we we are so grateful for the relationship and the partnership we have with UC Health. We could not do all that we are doing for our staff and our students here in the
district without this partnership and just really really grateful for it. I I will tell you a little bit more about um some of our our work um in my superintendent remarks tonight. >> Thank you, Dr. Pilch. Um yeah, we're very excited to have this partnership
with UC Health. It's going on two years now. Um, and it's going strong and we keep getting stronger every day. So, um, as Dr. Piltch said, I was going to introduce what it is that Joanna does. Um, and I'm honored to give this introduction and to recognize her and our UC Health Partnership. It's been
really impactful for the health initiatives that they provide to our district. Um, in fall of 2023, the president of UC Health's Greedy Hospital, Marilyn Chock, who's present present with us tonight, um, had a big meeting with a lot of stakeholders here
in the district, um, and how to bring American Heart Association CPR to our staff, um, which meets um, both position specific training for our staff and then it also meets board policy as well to have CPR, certified staff at a lot of
our events and district um, field trips and all of the afterchool and before school programs that we offer. Um and so UC Health was more than happy to join this partnership with us and it's gone extremely well. Um since
this partnership began, Joanna Fre um has be has been um the leader in this program. She's um provided us with exceptional dedication, leadership, and clear comm commitment to life-saving education. To date, she's issued over,00
um certifying staff members with CPR, first aid, and AED certification, and that includes our district 6 staff members and charter schools in the district. Um this greatly enhances the safety and preparedness within our schools. Um, in addition, Joanna also
coordinates our healthy hearts and minds partnership through UC Health, which promotes healthy heart habits to and life-saving handsonly CPR education for students in fourth, fifth, 7th, and 9th grade. Over the past few years, this
engaging initiative is already making a positive impact on 14 of our school districts in district 6 and and our charter schools have um also been included in that as well. Um and we've got additional schools joining this year
through Joanna's continued outreach and community with outreach in our community and staff wellness events. and we're deeply deep deeply grateful for this impactful partnership with Joanna and UC Health and their ongoing commitment to supporting the health and safety of our
students and staff. Thank you. >> It's the podium. If I may, uh, Vice President Mintley, while we still have Marilyn Shock here from UC Health, if I could just share a little bit of what I was going to share in my superintendent remarks. Um I think you all are aware of the program we have
with UC health around the project search where our students the students in our transitions programs some of them have the opportunity to go on to the UC health gley hospital and to actually uh serve in internship positions there and and learn skilled trades there at the
hospital. Well, I've had the opportunity to see our former students there at the hospital. This past week, I was with my mother for a procedure she had over at the Pter Valley Hospital. And while I was leaving, um, up pulled the, uh, Pter school district small, one of their wide
activity buses, and out came, uh, their teacher who had visited us, uh, Marilyn, out at out at your hospital a couple of years ago to look at what you were doing. And so because of the work that uh that Mishach allowed us to bring into her hospital and because of the
partnership between our special education team and her team there, we have we we laid the groundwork for other programs here in the state of Colorado. And so I was so proud to see their teacher get off and then their students get off and I thought I know that teacher cuz she came and visited to to
see what we were doing out there. So uh thank you so much to our partnership with UC Health. We appreciate you. We appreciate all you do and Joanna. We really appreciate your work with our staff and our students. Thank you. >> Thank you, Dr. Pil. It looks like we might have a couple of comments.
No. No. All right. Maybe they were accidental discharges of the Did you Did you request to speak? Yes. Okay. Go ahead then. Sorry. >> Thank you, Vice President Bentley. I
just wanted to say quick kudos to our Gly West students who are just doing absolutely outstanding. They are representing our district so amazingly being in the top 10 of the nation. I mean that is just absolutely impressive and I'm sure all those students are such
great leaders that have so much more classes on top of just the business class that they're taking. And so just amazing work and they truly show the determination and dedication from all of our students in district 6. Thank you. >> Thank you.
Uh we're now going to move on to 502, our council of student representatives report. I think uh Mr. Northridge principal Aaron Allen's here and I believe he's got Edwin Power and
Aaliyah Medina with him. >> All right. Good evening board. Good evening Dr. Pilch. Uh I'm Aaron Allen, principal at Northridge High School. Thank you for inviting us here tonight to present to you about the successes of Northridge. Uh we have such a wonderful staff. They provide amazing
opportunities for our students. Uh and we just have a great student body. And I'm very lucky that I've got the two students standing behind me to present some of the opportunities that they've been able to experience at Northridge. So I'll start by introducing you to Aaliyah Medina. Good evening members of the board and
Dr. Pilch. My name is Aliyah Medina and I'm a junior at Northridge High School. At Northridge, every year begins and ends with a special tradition called the right of passage, where we welcome our new Grizzlies at the start of the year and celebrate our seniors as they prepare to graduate. It's one of my favorite traditions because it
represents the community that Northridge provides and it's something that Northidge has made a point to preserve every year to keep our school spirit alive and well. And as a student, I had the chance to explore both my academic and creative sides. I'm currently taking calculus, AP research, and AP
environmental science, but I've also been in art classes all three years. And I'm proud to say that art and all of Mrs. Fernandez's classes have become one of my favorite parts of high school. I really appreciated it when Armando Silva, a Northridge alum, Northridge
alumnist and artist who created the Einstein mural downtown, completed a week-long artist and residence program at Northridge last spring. He worked side by side with students and created a three canvas mural that now hangs in our upstairs hallway. It's a great reminder that learning at Northridge isn't
limited to textbooks. It's about creativity, collaboration, and connection with our community. Even though I focused on art, I've seen friends find their place in other programs, too. Our culinary students earn college credit through our ProStar classes and professional certifications
like Serave Manager. And our JROTC program teaches leadership and teamwork while serving the community. This year, Northridge is piloting a new partnership with Winterrad K through8, welcoming 10 eighth graders who join Northridge each day to participate in JOTC.
They've been incredible additions to our Grizzly family and are already showing the leadership and dedication necessary for high school. Beyond academics, our school culture is something we are very proud of. In October, our LUAC club hosted a wonderful celebration for Hispanic Heritage Month filled with food
and music. And later this week, we'll hold our annual trick-or- treat street where hundreds of families from across Gley come to our campus for games, costumes, and our famous haunted hallway. These events bring people together and remind us that Northridge is a big family. To share more about our academic pathways and the STEM
opportunities that make Northridge unique, I'd like to introduce my classmate Edwin Power. Uh, good evening. My name is Edwin Power and I'm also a junior at Northridge. One of the things that makes Northridge truly unique in District 6 is our STEM program which offers three distinct pathways: information technology, math
and science, as well as engineering. I've chosen to be part of all three pathways and through them, I've been able to take challenging college level classes such as AP research, calculus, AP computer science, solid works, robotics, and project lead the ways civil and architectural engineering. Next year, I'll be taking aerospace engineering and completing my STEM
capstone project. I will also be part of our work-based learning program, which helps students prepare for life after high school through resume building, internships, and real world career skills. One of the experiences that stood out most to me was getting the opportunity to take the CSWA or the certified Solid Works associate test in
my Solid Works class, which earned me the certificate that proves my understanding of using the 3D modeling program. It gave me a glimpse into what my future career could look like and helped me realize how much I enjoy solving problems to connect to the real world. In the STEM program, we get opportunities that go far beyond the
classroom. Miss Norris, our STEM coordinator, ensures that we get a wide range of experiences from industry field trips and discovery days to volunteering at community science events. These experiences help us connect what we learn to real jobs and real people. And before our senior year, every STEM student participates in an internship in
their chosen field, which is one of the most valuable parts of this program. However, finding enough internships placements has become increasingly challenging. Many of our students are ready and eager for those opportunities, but we need more local businesses and community partners to open their doors. So, tonight we want to ask you for your
continued support in helping Northridge build and strengthen those partnerships. Your connections can ensure that every student gets the chance to apply what they've learned in Northridge in the real world. At Northridge, we believe that every experience, whether in arts, STEM, athletics, or community events, help us grow into better learners and
better people. Northridge is a community that believes in you, supports you, and celebrates your success. Thank you for your time, and thank you for continuing to support your the students and programs that make Northridge High School a truly special place to learn. Do you have any questions for us? >> Thank you guys. Looks like Dr. Cample
Spitzy has a question or comment. >> Yeah, so it's um we're coming up to Saturday, November 1st, which is the first day of open enrollment. And so we have a lot of middle schoolers, eighth graders whose families are looking at which high school is the right fit for
them. Are they going to be Wildcats, Grizzlies, Spartans, or one of our other high schools? Um, so if you were talking to an eighth grade parent or an eighth grader, what would you say makes Northridge stand out from the other high
schools? Okay. So, my mom actually did something like that. She went around and called all the schools and she wanted to know like what they offered, like why should I go to your school? And the main difference that my mom took into
consideration was the front desk. Um the front desk at West and Central, they responded with little enthusiasm. um they didn't know off the top of their heads like the best things about their school, but at Northridge um the receptionist answered with like
enthusiasm and she was so excited to share about their school and their opportunities. So that's what really swayed my mom to enroll me in Northridge. Uh just to add on to that a little bit more academically based the the the reason that my parents wanted me
to go to Northridge was the fact that they have a lot of different like like the the STEM program which gives us a huge head start on college if we want to go to anything like engineering or anything math and science based. So that's the reason that I ended up going to Northridge. >> Thank you both. And I love your mom and
all that research she did. And I love the just to highlight that front desk staff matters, right? Um we're we're all a team in this. Um and then I just wanted to end by my comments by congratulating you both. You're both obviously outstanding. Um I was very
impressed with Aaliyah. You are in calculus, environmental science, research, and art for three years. So talk about well-rounded. Um, and then Edwin, thank you for pointing out the need um to have our graduate our graduating seniors leave high school
with what used to be called soft skills. I've learned the new term is durable skills, meaning job readiness and career readiness. And it's really what employers in the workforce wants. And so, um, we are on it trying to get you guys more of those.
>> Thank you guys. Um, looks like Miss Tobar, is that you? Yep. I just wanted to add on to what um Edwin was touching on about like the internship program uh from a different perspective I guess because I'm not involved in STEM, but I think that the
value of internships is like truly truly high. Um with my internship over the summer, I was with the communications department and it offered like a lot of like real experience kind of like helping gear me more towards what career I want to go into. So to add on to what
you said, I think that um a variety of internships is really cool and specifically with mine, I got to go see like a bunch of different internships and the pool is already pretty large, but the other day we were at the business appreciation partner breakfast and um we're sitting in front of a bunch
of businesses asking them for um more partnerships. So I think that you guys are already on board with uh getting more internships and I think that that's really cool. you recognize the need for that. So, yeah. Thank you. >> Thank you. Thank you guys. I think
that's it. >> Uh we'll move on to the superintendent report. Bill, >> thank you, Vice President Bentley. I'm just going to add on to what Abby and Edwin were just saying about uh internships and and just thank everyone
who was a part of the business and community partnership breakfast last week. Uh we had, you know, several hundred people there at the at that breakfast, both from the district as well as from business and um industry here in our community and around our community. And as Abby and Edwin have
both said, we want an internship experience for every student who is desiring one. and we turned students away last year. And so I I would just encourage folks if you've thought about having an intern and wondered what that was was like that you would reach out to us and and give us a chance to talk with
you about that or or let us let you visit with some of these students who have served in the internships. Um you you will benefit having had an intern. I I promise you that. So thank you to all of our our community members who are part of that breakfast and who continue to support us here in District 6. And
then um I just wanted to to share that with the the current situation with the government shutdown uh we know that we may have families and other community members who are losing some of their access to food benefits. Those benefits
that are called SNAP benefits. We have over 25,000 individuals in Greedley and Evans who qualify for those food benefits. Um and and many of those individuals are probably uh in our schools as students in our schools and and some of our staff. And so I I just
want to remind everyone that the World Food Bank is doing um everything they can and I know they are more than happy to take our monetary donations or our food donations uh to build up their reserves. Uh they also on the Weld food bank website they have a link that is um
called find food right now and uh Miss Meyers showed me our communication chief showed me last week if you go in there uh you will see you know many resources for getting food um in this area. I'd also encourage you to reach out to your
school and and your school food pantry if if you have needs. And then a special reminder that we do not charge students for for breakfast or lunch. So this is a good time for you to to count on us to feed your children um at a time where
maybe you you need to kind of um conserve the food in your own home. So um thank you to all of you who do so much for our students here in District 6. Uh parents, you will be receiving a letter from your principles with some of this information in it. uh and we'll make sure that that we're helping you as
best we can to get you access to to food um during this time where your benefits might be cut off. Uh and then finally, I want to announce that the last meeting and the reception for our outgoing board members will be Monday, November 10th.
Um so the election is held next Tuesday and then the following Monday is um those those board members last meeting and that night we will do a reception from 5:15 to 5:45 here um in the lobby out here. We we will gather and it's
open to the public for folks who'd like to come and honor our outgoing board members on that evening. Um, and then on December 2nd at 4 pm, we will have our new board members uh take their oath of office on December 2nd at 4 pm. Uh,
which is not a an typical board meeting night, but we do need to add a special meeting uh because of the the deadline on uh dates and requirements for for having these events take place following an election. So, uh I hope to see you all on November 10th to come and honor
our outgoing board members. And then on December 2nd at 4 p.m. uh for the oath of office for our new board members. Thank you. President Vice President Mintley. >> Thank you. Uh we'll move on to a public participation portion. As a board, we welcome the comments of community
members and we dedicate a portion of each business meeting to provide an opportunity for the community to present brief comments. All speakers are limited to two minutes for comments. Our board members typically will not respond, but we may ask our district staff to do so. All written testimony and handouts must be submitted to the board secretary,
Miss Amy Lemon. We ask all speakers and those in attendance to conduct themselves in a dignified and non-disruptive manner. Cheering, snapping, clapping, and other distractions are not permitted. Anyone who disturbs order may be required to sit down and to leave and or to leave the boardroom. Speakers are responsible for their own speech and should be
refrained from profane and obscene remarks. All remarks must be suitable for an audience that includes kindergarten through 12th grade students. This board is committed to providing a safe environment where all members of the school community are treated with dignity, respect, and we expect all speakers to exercise their speech rights responsibly.
Got two speakers tonight. I'll start with Mr. David Meek. >> Thank you, Mr. M. You have two minutes. >> Thank you. Thank you all of you. Uh especially Dr. Pilch keeps everything going. I really just want to try to help you. I mean, this is so amazing.
Everything you do is so amazing and so awesome, you know. It's just mind-boggling what you've been able to do and what we do do. All the STEM stuff and all the partnerships, you know, with all the businesses and stuff, it just amazing. I'm Air Force veteran, so I'm
really happy for the Marines at I think Northridge, so I'm really happy about that. I am FFA alumni, so I like the FFA. Most of you seen me on that tractor in the Fourth of July parade. I grew up on that in Missouri.
The reason why I'm so good-looking because I ate oatmeal for breakfast and most of the other stuff I ate came out of my garden. My older brother is only five months older than I am. Now, he's not my older brother, but I claim he is. That's Tommy Lee Jones.
Yeah, I'm still trying to make movies. But anyway, just so I I'll just try to help you because I think if we got real truth, you know, in our schools, you'd be a great big help. You'd have less crime and a low morale and all that stuff. And so that's how I'm here to
help you. But uh Oh, Teresa, the list for food. Have you got the churches, you know, list and all that? Okay, good. And I thought you probably did. I want to make sure. A separation of church and state. Anyway, I want to thank you all for what you've done, especially Michael
Matthews, you're going off and Bob Nor, I guess, is going off and I don't know about Kyle yet or you're up. Anyway, anyway, I want to thank you all and the Lord bless you and everything. I'm sorry. Sorry the pastors, you didn't get more help, brother Bob. I'm sorry about
the pastors. We're not very good. So, anyway, bless you, Father. Lord, bless them. Open their blind eyes so they help them get the Bible back in schools, Lord. And we ask it in Jesus name. Amen. >> Thank you, Mr. Meek. Next up, we have Mr. Josh Waynecott.
Thank you for coming, Mr. Wayne Scott. You'll have two minutes. >> Thank you. Good evening, board. Good evening, everyone in attendance and everything everyone watching and listening online. Uh, I hope what we get to talk about tonight stays on the record. My name is Josh Wayne Scott. I am an educational specialist, a master
teacher, union strong, a proud father, a professional educator, a target of power, and a soontobe disgruntled employee. I want you to ask yourself a question. Who is in charge? How do they keep power? And what does the money say?
They might have media control. They might find a way to focus large dollars into a whole department and branding. They might only show pictures of happy, smiley faces compared to how they use the media against other people.
They might use consensus. Unions were designed to improve employees working conditions, not just their dollar amount. I wonder how long the classroom behavior working on it list will continue to be in our contract. It might
even be used to ensure that anyone who disagrees with them could never truly be heard. And that consensus model certainly helps with that. Whoever is in charge of this could be the third highest paid person in the state at their job, only behind DPS, who has five
times the amount of schools they do. They might have seen their salary increase 81% over their reign, which would be second in pay per building, only behind Mapleton number one. Look at the financials. Read them. Ask questions
like, "Where does Gley Evans School District 6 rank in student behaviors?" Use CDE results for assistance. Ask yourself, "Why did you not know the answer to that question?" Ask yourself, "Where should the money go?" If you have
questions, please feel free to reach out. I'm not that hard to find. People have been messaging me with death threats since this last year. By the way, next year's an election year. guarantee you she's going to ask you for money. >> Thank you, Mr. Wayne Scott. We'll now
move on to the consent agenda portion of our meeting. This is an action item that needs a motion. I move that I move that the board of education of Gley Evans School District 6 approves items as presented on the consent agenda and authorizes the
officers to sign any and all contracts. >> Second. >> There any discussion on the consent? Any discussion? Seeing none, Miss Lemon, you give us a quick vote. >> Director Ozari, >> I. >> Director Bentley, >> I.
>> Director Campus Spitzy, >> I. >> Director Mash, >> excuse me. Director Matthews, >> I. >> Director Norwood, >> I. >> Motion carries 5-0. >> Thank you. On to section nine, board priorities. Uh, first up is the superintendent's contract. This is also
a action item that needs a motion. I move that the board of education of Wel County School District 6 approves the superintendent's contract amendment as presented. >> Second. >> Is there any discussion on Dr. Pilch's contract extension?
>> Dr. Campos Spitzy, >> I just wanted to brag about our superintendent of the year. Um so um Dr. Dearra Pilch um has decided to stay with us. This will be her 11th year. The
average amount of time that a school board um or a superintendent, sorry, stays in a district is three years. So she has tripled and I hope will quadruple that average with us. Um I am so proud that she is ours and that
we get to brag about Dr. Dr. Dearra Pilch, it seems like um wherever I go in the different circles that I'm in, I was um recently at a at an event with somebody from the joint budget committee at the state level and and they knew Dr.
Dearra Pilch. Um last last board meeting, we had a work session with some of our state legislators and they pointed out to us that when the state of Colorado was um changing the school finance act that uh Dr. Dr. Dear Pilch
was the only superintendent to testify. Um, and we have 178 school districts in the state and Dr. Dear Pilch was the one um to stand up for that and to really make it happen. If you haven't seen this awesome sheet that's got all of our bragging rights on
it. Um, I I love to look at it. We are the 13th largest district in the state of Colorado. Um, we have 23,000 students with 3,800 employees. Um and we are pioneers in career pathways in things
like the transitions program and um all of that has really happened under Dr. Dear Dra Pilch and so I just I I know we just heard public comment and and everyone is allowed their opinion. Um,
but I I very much believe this contract amendment is so deserved and um I can't wait to see what we get to do together for the next four or five more years and anyway excited to vote on your
contract. >> Thank you Dr. Campos Pitzy. Uh Mr. Matthews. Yeah, I I will certainly echo what Dr. Kempo Spitzy said, but but I will say this as well. of all the things that we do as a board of all the decisions that
we make um approving budgets and um all all the different things. The thing that get I get comments on the most is is the every year we renew this this contract and and it makes the paper and and I bet
I get more people congratulating and thanking me for for this uh than anything else that we do. And so it it's an honor to get to to vote for this once again and to extend your contract. Dr. Pilch, >> thank you both.
I just have to agree it's uh been an honor to work with you and and get to know you and we're excited to continue this work that you've started over the last 10 11 years. So with no other comments, uh we'll get a vote. Miss Lemon. >> Director Ozari. >> I. >> Director Bentley.
>> Hi. >> Director Campos Spitzy. I, >> Director Matthews, >> I, >> Director Norwood, >> I. >> Motion carries 5-0. >> Thank you guys. Uh, now on to item number 10.1, business finance,
certificates of participation. It's an action item that will also need a motion. I move that the board of education of Wel County School District 6 approves the resolution authorizing the execution and delivery of a site lease
and a lease purchase agreement and all contracts related to the civic campus project for the construction of a new administration building as presented. >> Second. >> Thank you both. Dr. Pilter, we we got a presentation on
this, right? Yes, you were gi uh were given a a pretty thorough presentation during the work session, but um I've got Miss Haidok here, our director of finance, who uh is prepared to share a another short presentation, and uh Mr. Nate Fall, our legal counsel. Uh we do
we do want it read into the record of our business meetings. I felt like it was important to bring them back forward in front of you all um prior to your final vote on this. Thank you, Miss Haidok. Good evening, Vice President Bentley, members of the board, and Dr.
Coach. Um, tonight we're discussing the financing plan for the new administration building. Um, as you know, the project is to replace the current administration building as well as demo um the current building and the reclamation of the land. Um the project
is part of a downtown um initiative between the city of Gley, Weld County um and private developers um Richmark Vertical. The total amount of the financing will be um 43 million over a
term of 25 years. Um the payment structure will be level annual payments. Certificates of participation or coops are a common financing tool for public entities um specifically school districts in Colorado. Um instead of
issuing traditional voterapproved bonds, the district leases property to investors through a trustee. Um the key differences of coops is that we do not require voter approval and we rely on lease payments um not general obligation
taxes. As security, the district um will collateralize um two of our buildings, in this case, Winterrad and Maplewood, until the coops are repaid. Um we take property we own and lease it
to a trustee. So, in this case, we will lease it to US Bank. We worked with US Bank on our bonds. Um, US Bank then leases the same properties back to the district through a lease purchase agreement, which is one of those documents that you're voting for
approval this evening. Uh, the structure includes annual appropriation through language to comply with Taber. Um, as mentioned, we'll collateralize two buildings, um, Winrad and thank you, um, Maplewood for a net pledged value of
39.7 million. Um this is the these are the two buildings that we could get the closest to the $43 million um for the cops. Um currently once the new building um administration building is completed
these two schools um will be released um as collateral and the new building will be substituted for collateral. Um so cops have um a few benefits. Um it helps give flexibility with financing
major capital projects without having to um go to voters for tax increases. Um it avoids the delay of cost for costs and ele in time for election. um payments are subject to annual appropriation
and then payments become a part of our annual operating budget where we'll have that um level payment each year. So Nate's going to talk about more about the documents we've brought before you this evening.
[Music] Thank you board directors and Dr. Pilch. Uh so there's a number of um documents that you are approving as part of this agenda item. So just briefly and I know we've already talked about this. The first document is this site lease
agreement. This is the agreement where we are leasing uh Winterrad and Maplewood to US Bank who is going to be acting as a trustee over the properties. It's a long-term lease agreement that runs until60 and then US Bank as trustee is going to
lease that property back to us. So, they get a leaseholder interest of the properties. They're not actually going to become owners of the property. Um, and so as part of the lease purchase agreement, we have annual payments that we will be making appropriations for on an annual basis. We're not committing
any long-term funds for this. This is something that the board of education will have to approve on a on a yearly and annual basis uh for us leasing the property back from US Bank. Uh there's also the indenture of trust which is another document. It's more of
an FYI just so you understand what exactly um how the funds are going to be used um and establishes all the duties and limitations of the trustee US bank what they can and can't do with the funds uh as well as any amendments that may occur um either with the properties
or with the documents. The indenture of trust is contained all that information. Uh the primary official statement is essentially uh prospectus. It's something for investors to review and it just gives a financial outlook or summary of the school district
themselves so that investors know uh that they're making a sound investment if they are end up if they end up purchasing the certificates of participation as part of this. So the official statement contains really all of the district specific information. And it's a very long- winded document,
but um really explains very thoroughly kind of all the risks that potential investors would be taking on if they were to purchase. And then of course you have the board resolution. Uh that is not something that you have to read into the whole record. I'm sure you've all reviewed it. Um but that gives uh the public the
opportunity to know about this financing decision. Um you know, mentions why this is in the best best interest of the district to make this transaction. Um and it is also authorizing uh district staff, the superintendent um to make um
enter into agreements to continue on with this transaction so that we don't have to come to the board for everything. Of course, we will uh if it needs to be ratified uh or if it does require board approval, those will all come before the board. That's it. Did I miss anything?
>> Okay. So the annual rep pre repayment schedule um as talked about the an the level payments will be approximately 3.1 million as of today. Once we go to market which will be on November 5th for pricing we'll have a better idea of
exactly what that payment is but we don't anticipate it being more than 3.25 million annually um which at this point would be 33.8 million in principal and um 76.8 8 million in interest with
payments beginning in December of 2026 and will continue through December 1st of 2050. There any questions? >> Thank you both. Any questions, discussions? >> Dr. Campositzy.
>> Um not really questions. Um I wanted to highlight some things that were talked about during the work session um that I think are important. Um, so one, and it was mentioned in this presentation as well, is that as soon as the new D6 admin building is finished and occupied,
which is as early as February of 2028, we will be able to swap Winterrad and um, Maplewood for the new D6 admin building. So, I think that's an important thing to note. Um and also that um the interest rate being at 6% is
a max and um according to um I forget Amy Canfield um who was um briefing us on this earlier it might be much lower than that even down to maybe 5.5%. >> Um and then similarly um the 3.25 annual
the million annually that we will be paying um over the next 25 years might be less than 3.25 25 and the projection that it might be even less than 3.1 million. Um, and then that we do have the opportunity um to pay everything off
in 10 years as opposed to the full 25 and then we'd be able to pay much less interest that way. So, just highlighting a few things there. >> Thank you. Anyone else? I'll just uh mention that we're very excited about this project. Um very
thankful for all you guys' hard work. This is a ton of paperwork. Um I don't think even as many meetings as we've had about it that we kind of fully grasp what you guys have done here. So we really appreciate your hard work and and thank you for everything. Um Miss Lemon, give us a vote. >> Director >> I. >> Director Bentley.
>> Hi. >> Director Campos Spitzy. >> Hi. >> Director Matthews >> I. >> Director Norwood >> I. >> Motion carries 5. >> That's all the business we have for tonight. Thank you guys for everything and we'll see you in a couple weeks. Some meetings adjourned
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