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Board approves hires, stipends and a sale of long-held Sun Life stock to convert an inaccessible investment to cash
Summary
The board accepted three resignations, amended a coaching hire, approved several staff hires, authorized $5,000 stipends, and authorized selling old Sun Life stock expected to yield roughly $55,000—60,000 after vendor fees.
Speaker 1 recommended accepting three resignations and the board accepted them by voice vote. The board approved hiring recommendations, including Nolan Winchell for junior-high baseball and a recommendation to hire Derek Brockman for high-school science and a paraprofessional (Camilla Morales). The board also amended a coaching contract to move Tyroneka Brown from head girls basketball to head girls softball.
On a separate agenda addition, the board discussed long-held Sun Life insurance stock certificates that the district cannot currently access. Speaker 9 said the district holds roughly 904 shares and that a vendor offered to locate or replace missing certificates and sell the stock for the district for a fee (about 10% of value plus certificate-replacement fees); the vendor'assisted sale was authorized to convert that investment into operating cash, with an estimated net of about $55,000—60,000 depending on market value at sale.
