Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Board Votes Finance topic
No spam. Unsubscribe anytime.
Board approves consent agenda and two promissory-note resolutions; all votes unanimous
Summary
At its Feb. 25 meeting the Janesville School District Board unanimously approved the consent agenda and two resolutions authorizing the issuance and sale of general obligation promissory notes for amounts described on the meeting floor.
The Janesville School District Board of Education on Feb. 25 approved several routine and financing items by voice vote.
The board adopted the Feb. 25 meeting agenda by voice vote (motion moved and seconded; vote recorded as "passes unanimously 9 to 0"). The board then approved the consent agenda by voice vote (recorded as "passes unanimously 9 to 0").
Later in the meeting the board approved two resolutions authorizing the issuance and sale of general obligation promissory notes. The first resolution authorized the issuance and sale of not to exceed $12,500,000 in general obligation promissory notes (series details referenced in the meeting); the motion was seconded and the voice vote "passes unanimously 9 to 0." The board immediately approved a second resolution authorizing the issuance and sale of not to exceed $139,300,000 in general obligation promissory notes; that motion also passed by unanimous voice vote (9–0).
No individual mover or seconder was recorded in the meeting transcript for these motions. The board did not record roll-call tallies beyond the voice vote statements; all three items were announced as passing unanimously. The meeting minutes or official resolution documents should be consulted for formal numbered references, ordinances, or serial identifiers and for exact wording of each resolution.
Votes recorded in the meeting transcript: - Adoption of Feb. 25 meeting agenda — voice vote; outcome: approved; tally: unanimously 9–0; mover/second: not specified. - Approval of consent agenda — voice vote; outcome: approved; tally: unanimously 9–0; mover/second: not specified. - Resolution authorizing issuance and sale of not to exceed $12,500,000 general obligation promissory notes — voice vote; outcome: approved; tally: unanimously 9–0; mover/second: not specified. - Resolution authorizing issuance and sale of not to exceed $139,300,000 general obligation promissory note — voice vote; outcome: approved; tally: unanimously 9–0; mover/second: not specified.
The board did not provide additional detail on the use of proceeds for these notes in the public discussion segment captured in the transcript; the finance committee and related documents are likely to include the capital plan and intended allocations.
