HomeMy WebLinkAbout2022_04_26 Board MinutesIDAHO FALLS SCHOOL DISTRICT #91
BOARD WORK SESSION (Tuesday,April 26, 2022)
Generated by Jessica Means
Board Members present: Administration Present:
Elizabeth Cogliati, Trustee Dr. Jim Shank, Superintendent
Hillary Radcliffe, Vice Chair Margaret Wimborne, Director of Communication
Lara Hill, Chair Jessica Means, Deput y Clerk, Recording
Larry Wilson, Treasurer
Paul Haacke, Clerk
IFEA present:
Julie Nawrocki, President
Work Session called to order at 4:00 PM by Chairwoman Lara Hill.
ADOPT AGENDA
Chairman Hill requested a motion to adopt the agenda.
Motion by Hillary Radcliffe, second by Elizabeth Cogliati.
Final Resolution: Motion Carried Voting Aye:
Elizabeth Cogliati, Hillary Radcliffe, Lara Hill, Larry Wilson, Paul Haacke
WORK SESSION
A. Update on Current Bond/Debt Agreements
B. Discussion on Potential Bond Payoff
C. Bond/Levy Election Timelines
D. Master Facilities Plan
Eric Heringer, Managing Director from Piper Sandler presents a Power point, which is attached to board agenda. The Power
point includes the discussion of FY 2023 Bond Levy potential decision with refinancing existing bond to potentially pa y off in
2023. Eric provides a future bond analysis summary in his Power point and states that the district is in a good position to be
thinking about another bond because the older bonds will be paid off. He states the pay off timeline will depend on the voters.
The Board asks if Eric could also include in the analysis summary a breakdown of $25 million increments to review the
numbers and do without the 30-year bond summary. Trustee Haacke asks if we can have the pay off of a bond to end and the
start of new bond to be seamless with each other. The Board discusses whether to do a bond for the August election date or
the November election date. Nicholas Miller from Hawley Troxell states a decision needs to be made by mid July to make the
August election date. Trustee Cogliati states the August election date is after school starts which could benefit the district,
providing information goes out to families in that time frame.
Nicholas Miller and Chelsea Porter from Hawley Troxell presents a Power point, which is attached to board agenda. Chelsea
presents information on the Tax impact disclosure and changes with the legislature. They provide examples of potential bond
language. Trustee Haacke states if we wait till November election and use the updated increased valuation it could lower the
numbers. Nicholas agrees with him. The Board discusses the ballot disclosure examples Ha wley Troxell provided.
Superintendent Shank asks the representatives from both Hawley Troxell and Piper Sandler if they have seen a district in the
state build four schools at the same time. Eric Heringer states West Ada and Boise school district have done something similar.
Trustee Hill states we had one bond and built four schools. Trustee Radcliffe asks about the next steps of the Master Facilities
Plan. Superintendent Shank states he is measuring what the Board consensus is and if there is a desire to bond, if so then
when to go to bond; August or November. He states if there is a disposition to pass a referendum in the next few months and
move forward with a bond, we would move forward sooner than later.
Trustee Haacke asks about potential recession or other possibilities, how does that effect a bond. Nicholas states that the
proceeds can be held. Trustee Radcliffe states that we will need numbers to talk about how to move forward. Superintendent
Shank states Mike Clements from Bateman-Hall will provide that information later this week. Nicholas Miller states that the
sooner they know what the timeline for going to a bond is, the better it will be for them. Eric Heringer states the sooner it is,
it will help with the bank rates and they would ideally like to get started the middle of July.
ACTION ITEMS
A. May 24th Board Work Session
Superintendent recommends cancelation of May 24th Board Work Session, due to High School Graduations.
Motion by Hillary Radcliffe, second by Larry Wilson.
Final Resolution: Motion Carried Voting Aye: Elizabeth Cogliati, Hillary Radcliffe, Lara Hill, Larry Wilson, Paul Haacke
ADJOURN
A. Adjourn
Chairman Hill requested a motion to adjourn. Meeting adjourned at 6:00 pm.
Motion by Larry Wilson, second by Paul Haacke.
Final Resolution: Motion Carried Voting Aye: Elizabeth Cogliati, Hillary Radcliffe, Lara Hill, Larry Wilson, Paul Haacke