Ashland School District No. 5, Jackson County, Oregon - The Capital Project Advisory Committee met in a work session Monday, July 2, 2007 at 7:00 p.m. in the District Board Room. Present were:
Juli Di Chiro
I. Call to Order
The meeting was called to order at 7:00 p.m. by
II. Roll Check
All members were present with the exception of Greg Abel, William Anderson, Karen Clarke, Kate Kennedy,
III. Bond Sale Information
Dave Taylor, Vice-President of Seattle Northwest gave a report on the bond sale for the district that occurred on June 19. He discussed the net proceeds for the sale, the true interest cost and the arbitrage held. Mr. Taylor also reviewed historical municipal bond rates and compared them to the conditions for our bond sale. He gave an overview of the distribution of the sale among various types of accounts. Mr. Taylor reviewed the district’s ongoing obligations related to the sale of bonds.
IV. General Update on Bond Projects
The monthly project status report prepared by Heery was distributed. That report included an executive summary, a revised master program schedule, a revised program cost summary and projected status at each of the various sites. Gary DeCock responded to questions from committee members about the various projects.
V. Schedule Future Meetings
The next meeting was confirmed for August 9 at 7:00 p.m. in the District Board Room. The agenda will include: investment report; update on contracts awarded; regular monthly project review.
There being no further business, the meeting adjourned at 9:00 p.m.