PRESENT: John Barton, President

THE BOARD OF EDUCATION OF INDEPENDENT DISTRICT I-20, MUSKOGEE COUNTY, OKLAHOMA, MET IN SPECIAL SESSION, MAY 20, 2015 AT 12:00 PM Noon BOARD OF EDUCATION SERVICES AND TECHNOLOGY (B.E.S.T.) CENTER, 202 WEST BROADWAY, MUSKOGEE, OKLAHOMA. REQUIREMENTS OF TITLE 25, O.S. (1977 SUPP) SS 311, WERE MET AS FOLLOWS: ON APRIL 20, 2015 THE DATE, TIME AND PLACE OF THIS SPECIAL MEETING WAS FILED IN THE OFFICE OF THE COUNTY CLERK OF MUSKOGEE COUNTY, OKLAHOMA, AND BY POSTING THE AGENDA AND RECOMMENDATIONS OF THE SUPERINTENDENT OF SCHOOLS IN THE FRONT ENTRANCEWAY OF SAID B.E.S.T. CENTER AND ON THE DISTRICT WEB SITE, PRIOR TO NOON ON MAY 19, 2015.

PRESENT: John Barton, President Keith Biglow, Clerk Danny Shiew, Member Larry Stewart, Member ABSENT: Mike Ebert, Vice President

Others present were Superintendent Mike Garde, Jim Wilson, and John Little.

1. Call meeting to order at 1:00 p.m.

2. Roll call.

Roll call listed four members present: John Barton, Keith Biglow, Danny Shiew and Larry Stewart. Mike Ebert was absent.

3. Motion made by Keith Biglow seconded by Larry Stewart to APPROVE the employment of Stephen H. McDonald & Associates, Inc., as Financial Consultant to the School District.

VOTES: AYES; BARTON, BIGLOW, EBERT, SHIEW & STEWART. MOTION CARRIED

4. Board to discuss annual review of existing or consider and take action on the adoption of written policies and procedures for post-issuance compliance. NO ACTION. Policies are in place.

5. Board to discuss continuing disclosure obligations. Discussion.

6. Motion made by Larry Stewart seconded by Keith Biglow to receive bids for the $5,040,000 General Obligation Combined Purpose Bonds of this school district and award bonds to the lowest bidder. Lowest Bid of $264,600 with an average rate of 1.50% from Mabrey Bank was accepted.

7. Motion made by Keith Biglow seconded by Larry Stewart Board to APPROVE a resolution providing for the issuance of General Obligation Combined Purpose Bonds in the sum of $5,040,000 by this school district, authorized at an election called and held for such purpose; prescribing form of bonds; providing for registration thereof; providing for levy of an annual tax for the payment of principal and interest on the same; and fixing other details of the issue.

8. Motion made by Larry Stewart seconded by Keith Biglow to APPROVE a resolution designating the general obligation bonds of 2015 as “Qualified Tax-Exempt Obligations” pursuant to Section 265(b)(3)(B) of the Internal Revenue Code of 1986.

9. Motion to adjourn meeting made by Keith Biglow seconded by Larry Stewart.

Meeting adjourned at 1:25 p.m. STATE OF OKLAHOMA ) ) ss: COUNTY OF MUSKOGEE )

I, THE UNDERSIGNED minutes clerk of the Board of Education of Muskogee Public Schools District I-20, Muskogee County, Oklahoma do certify the above to be the true and correct minutes of the Board of Education Special Meeting, May 20, 2015 (12:00 p.m. noon) with proper notification of meeting given as stated on Page 1 of these minutes.

Witness my hand and seal of this District this _____ day of ______, 2015.

______Board Minutes Clerk Muskogee Public Schools District I-20

(District Seal)

BOARD OF EDUCATION: ______John Barton, President

ATTEST:

______Keith Biglow, Clerk