On The Agenda: Levittown BOE Special Meeting

The Levittown Board of Education holds a special meeting on Wednesday, March 20 at 7:30 p.m. at the Levittown Memorial Education Center.

Here's a look at what's on the agenda for the meeting:

III. New Business: Action Items

Refunding of Certain Bonds. (Inclusive)

Recommended Motion:  “RESOLVED, that the Board of Education of the Levittown Union Free School District does, hereby, resolve (by a majority vote of all the members of said Board) as follows:

Section 1.  The District received three (3) proposals for the refunding of all or a portion of the outstanding balance of the district’s $12,500,000 School District (Serial) Bonds-2003 and $12,000,000 School District (Serial) Bonds-2006, and based upon the advice received from the District’s Financial Advisor, New York Municipal Advisors Corp., it is hereby determined that the proposal of Roosevelt & Cross, Inc., is accepted and such firm is appointed to serve as underwriter.

Section 2.  This resolution shall take effect immediately.”

2. Capital Reserve Fund Proposition.    (Inclusive)           
   
Recommended Motion:  “RESOLVED, that upon the recommendation of the Superintendent of Schools, it is hereby resolved that the following proposition be placed before the voters for approval at the May 21, 2013 Annual Election and that said proposition be inserted into the previously approved Public Notice as Proposition No. 2:

PROPOSITION No. 2

ESTABLISHMENT OF 2013 CAPITAL RESERVE FUND"

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