School Building Authority
SCHOOL BUILDING AUTHORITY OF
To Be Held at Capital High School
1500 Greenbrier St.
Charleston, WV 25311
April 28, 2014
Note: To see the attachments referred to below please click the word 'Attachment' at the appropriate section and the information will be opened for your viewing.
CALL TO ORDER Mr.
ACKNOWLEDGMENTS AND RECOGNITIONS
APPROVAL OF MINUTES
SBA Meeting of March 17 and 18, 2014 - (Action) - ATTACHMENT A
EXECUTIVE DIRECTORS REPORT - Dr.
Mark A. Manchin
Overview of SBA Series 2014A
CONSTRUCTION COMMITTEE REPORT
& Procedures Handbook Revisions (Action) Mr. Steve Burton/Mr. Scott
Raines - ATTACHMENT B
December 9, 2013 SBA meeting, the SBA staff presented various revisions to the current SBA
Policy & Procedures Handbook for the Authoritys review and approval. The Authority reviewed the proposed changes and
voted to approve the revised Policy & Procedures Handbook to be filed with the
Secretary of States Office for a 30-day public comment period.
The SBA staff incorporated the approved changes into the SBA Policy & Procedure Handbook and filed it with the Secretary of States Office on January 27, 2014 for the 30-day public comment period. The deadline for receiving comments was March 3, 2014 and the staff reviewed all comments received. After careful consideration of all recommendations provided, the SBA staff has compiled a final draft of the revisions to the SBA Policy & Procedure Handbook and is presenting these to the Authority for approval.
Construction Committee will be reviewing the proposed policy revisions and a
recommendation will be provided at the December 9th meeting.
FINANCE COMMITTEE REPORTS
Current SBA Fund
Balances (Information) ATTACHMENT C
April 28, 2014
2. NEEDS Funds - Amount to be determined based on the distribution of Series 2014A Bond proceeds
VII. DELIBERATION AND SELECTION OF
NEEDs Funds Deliberation and Selection of Projections Dr. Mark A. Manchin/Mr. Scott Raines - (Action) ATTACHMENT D
For your study and deliberation, the SBA staff has provided staff comments regarding each of the projects submitted for NEED Funding. Mr. Scott Raines will provide a review of staff comments and answer any questions the Authority members may have regarding each project. At the conclusion of the review, the Authority will consider each project submitted and select those to be funded in the 2014 cycle.
Authority reserves the right to enter into executive session, based upon WV Code
§6-9A-4(2) (A) relating to matters of SBA personnel.
Series 2014A Bonds - Review and Approval of a Declaration of Official Intent to Issue
Bonds and Reimbursement Resolution - (Action)
A. Approval SBA Series 2014A Bond School Construction Project List
B. Review and
Approval of a proposed Resolution regarding: -
(i) Authorization of the
issuance of Lottery Capital Improvement Revenue Bonds to finance construction projects for
public schools in the State of West Virginia (the Construction Projects) and
costs of issuance of such Bonds; and
(ii) The reimbursement of funds spent in anticipation of the Construction Projects from obligations to be issued for the Construction Projects.
C. To consider and
act upon any measures related to the foregoing.
2014 summer quarterly meeting of the School Building Authority of West Virginia is
scheduled at 9:00 a.m. on June 16, 2014 with the meeting to be held at the Eastwood
Elementary School in Morgantown, WV. (This is one of the new Green Schools
funded by the SBA.)
2014 fall quarterly meeting of the School Building Authority of West Virginia is scheduled
at 9:00 a.m. on September 29, 2014 with the location to be determined.
2014 winter quarterly meeting of the School Building Authority of West Virginia is
scheduled at 9:00 a.m. on December15, 2014 at 2300 Kanawha Boulevard, East, Charleston.