SMS Board Work Session

BOD Work Session

Friday, May 12 3p – 5pm

5th Grade Classroom

Public Welcome

No public comment will be taken

Written comment may be submitted

Agenda:

1.) Directors Presentation of the Budget
2.) Line item review of v5 budget

3.) Consideration of college of teacher proposal and impact on v5 budget

4.) Motion to approve 4/19/17 BOD Minutes

5.) Motion to approve 5/4/17 Work Session Minutes

6.) Motion to approve additional $175k USDA loan increase –  $175,000 over 30 years at 3.375% would amount to $776 per month with a reserve requirement (for the 1^st 10 years) of $78 per month.  Total of $9,312 per year and $932 per year for the reserve.

7.) Motion to notice award of the contractor Century Contracts and their revised estimate for the 3 part project of $404,000.

1.) So $175,000 over 30 years at 3.375% would amount to $776 per month with a reserve requirement (for the 1^st 10 years) of $78 per month.  Total of $9,312 per year and $932 per year for the reserve.