JEFFERSON CITY BOARD OF EDUCATION

MINUTES OF MEETING

APRIL 13, 2004

THE JEFFERSON CITY BOARD OF EDUCATION MET IN A CALLED SESSION ON APRIL 13, 2004, AT 5 P.M. IN THE BOARDROOM.  THE PURPOSE OF THE MEETING WAS TO GRANT APPROVAL TO A BOND RESOLUTION AND EXECUTE A BOND PLACEMENT AGREEMENT  REGARDING  THE 2000 BOND.  THE FOLLOWING MEMBERS WERE PRESENT:  MR. RONALD K. HOPKINS, CHAIRMAN; MRS. GUY DEAN BENSON, MR. DERRELL CROWE, MR. STEVE HIX, AND MRS. ANGELA MCKINNEY.  ALSO PRESENT WERE:  DR. JOHN JACKSON, SUPERINTENDENT; MR. BILL FUSSELL, MORGAN KEEGAN REPRESENTATIVE; MR. ALAN LUTON, THE JACKSON HERALD REPORTER; AND MRS. KIM NAVAS, MINUTE RECORDER.

CALL TO ORDER

THE CHAIRMAN CALLED THE MEETING TO ORDER.

ADOPTION OF AGENDA

BY UNANIMOUS CONSENT, THE AGENDA FOR THE APRIL 13, 2004, MEETING WAS APPROVED.

ACTION ITEM

APPROVE BOND RESOLUTION AND

EXECUTE BOND PLACEMENT AGREEMENT

THE SUPERINTENDENT INTRODUCED MR. BILL FUSSELL FROM MORGAN KEEGAN.  MR. FUSSELL UPDATED THE BOARD ON THE REQUIREMENTS TO REFINANCE THE 2000 BONDS.  THE SUPERINTENDENT RECOMMENDED THE APPROVAL OF THE BOND REFINANCING. THE RECOMMENDATION INCLUDED THE APPROVAL OF THE RESOLUTION; AN INTERCEPT AGREEMENT, A BOND PLACEMENT AGREEMENT; AND AN ESCROW DEPOSIT. ON MOTION BY MRS. MCKINNEY AND SECOND BY MR. HIX, THE RECOMMENDATION WAS UNANIMOUSLY APPROVED.

THERE BEING NO FURTHER BUSINESS TO COME BEFORE THE BOARD, THE MEETING WAS ADJOURNED.

_______________________________

RONALD K. HOPKINS, CHAIRMAN

_______________________________

JOHN M. JACKSON, SUPERINTENDENT