Governing Board Meeting

October 2, 2018 6:30 p.m.

The Mission of the Wright Technical Center is “To partner with member school districts and industry to prepare students for careers, post-secondary education and lifelong learning.”

AGENDA 1.0 Call to Order 2.0 Roll Call 3.0 Pledge of Allegiance 4.0 Agenda Approval 5.0 Approval of Consent Items - Action required

5.1 Approval of Minutes - Sept. 4 Regular Meeting 5.2 Bills for Payment 5.3 Approval of the 2018-2019 Seniority List 5.4 Approval of the contract for Phy Ed Instructor

Background: 5.1 & 5.2 - Approval of the minutes from previous meeting and bills, Recommendation: Approve the consent agenda as presented. 5.3 - Annual requirement. This has been shared and reviewed. 5.4 - Fills the open position from the resignation received last month. 6.0 Facility Tour 7.0 Financial Report - Kathy Miller

7.1 Approval of the financial Report. 8.0 Committee Reports

8.1 Principal’s Report - Mr. Karson 8.2 Director’s Report - Mr. Koslofsky

9.0 New Business - Action required 9.1 Resolution approving Policy 750 - School District System Accountability

Background: Districts are required to have post issuance compliance policies and procedures When issuing bonds compared to our lease that was refinanced in March. In recent years, the IRS has increased its efforts to enforce federal rules related to tax-exempt debt. Their efforts have focused on “post-issuance compliance” with rules related to arbitrage, use of proceeds, reimbursement of prior expenditures, and related topics. The IRS has urged that all issuers of tax-exempt debt (including school districts) have written procedures regarding compliance with federal rules. Recommendation: Approve as presented.

9.2 Approve of an increase in sub pay as presented. Background: The increase in sub pay may entice more subs and keeps us competitive with area districts. Recommendation: Approve as presented.

9.3 Approve the insurance renewal with EMC and SFM for 2018-2019 as presented. Background: This is an annual renewal for property, general liability and workmans comp. There is an increase of $2,448 from last year. Recommendation: Approve as presented.

10.0 Adjournment

Next meeting Monday, November 13, 2018 Please call if you have questions or cannot make the meeting. My office number is 763-684-2200.

WRIGHT TECHNICAL CENTER School District 966 

The meeting of the Governing Board of Wright Technical Center, School District 966, was held on Tuesday September 4, 2018 at 1405 3rd Ave. NE, Buffalo, Minnesota 55313.

Members Present: Diers, Peyerl, Lee, Curtis, McAlpine, Sixberry, Holthaus, Briesemeister

Others Present: Brian Koslofsky-Executive Director, Shaun Karson-Principal, Kathy Miller-Finance Officer, Kelly Kosloski-Staff Representative, Dana Watters-Administrative Assistant.

The meeting was called to order by Member Diers at 6:33 p.m. followed by the Pledge of Allegiance.

Agenda Review On motion by Member Lee, second by Member McAlpine, the agenda was approved as presented. Motion carried by unanimous vote. Consent Agenda On motion by Member McAlpine, second by Member Peyerl, to approve consent agenda as presented. Motion carried by unanimous vote. 5.1 August 7 regular meeting, 5.2 Bills for Payment, 5.3 Agreement with B-H-M Schools for Special Education Director, 5.4 Resignation from Phy Ed teacher, 5.5 Accept lumber bid for 18-19 construction trades house, 5.6 Agreement with Studio 55 Architects. Financial Report Officer Miller reported on the current finances. On motion by Member McAlpine, second by Member Sixberry, to approve the financial report as presented. Motion carried by unanimous vote.

Principal Report Principal Karson reported on meetings, conferences, current enrollment, Career and College Fair, student activities, current opening for Phy Ed instructor, and program highlights. Director’s Report Director Koslofsky reported on the staff in-service, house sale, substitute rates, facility updates, safe schools grant, attended/upcoming meetings, and future board meeting. On motion by Member Peyerl second by Member Lee to change Board meeting November 6th to November 14th. Motion carried by unanimous vote. New Business On motion by Member McAlpine, second by Member Lee to approve the second and final reading of Policy 616 – School District System Accountability as presented. Motion carried by unanimous vote. On motion by Member McAlpine, second by Member Briesemeister to approve the first reading of Policy 750 - Post-Issuance Debt Compliance as presented. Motion carried by unanimous vote. On motion by Member Sixberry, second by Member Peyerl to approve the quotes for life and long term disability awarding the bid to UNUM Insurance Company as presented. Motion carried by unanimous vote. On motion by Member Lee, second by Member McAlpine to approve the contract for the Wright Technical Center Principal for the 2018-2020 contract period as presented. Motion carried by unanimous vote. On motion by Member Briesemeister, second by Member Lee to amend without reading the resolution. Motion carried by unanimous vote. On motion by Member Sixberry, second by Member Briesemeister to approve the Resolution establishing procedures for reimbursement of certain expenditures from proceeds of future bond issues or other borrowings as presented. Motion carried by unanimous vote. The Roll Call vote: Lee-yes, Sixberry-yes, Holthaus-yes, Curtis-yes, Briesemeister-yes, Peyerl-yes, McAlpine-yes, Diers-yes. Resolution passed. On motion by Member Sixberry, second by Member McAlpine to approve Resolution stating the intention of the governing board to issue bonds to finance certain projects included in the WTC’s revised ten-year facility plan as presented. Motion carried by unanimous vote. The Roll Call vote: Lee-yes, Sixberry-yes, Holthaus-yes, Curtis-yes, Briesemeister-yes, Peyerl-yes, McAlpine-yes, Diers-yes. Resolution passed. On motion by Member Peyerl, second by Member McAlpine for adjournment. Motion carried by unanimous vote. Meeting was adjourned at 7:36PM.

Continuing Contract Teacher Seniority List 2018-19

No.

Name

Current Valid Licensure Area(s)

Expiration

Date

Contract

Date

Current Assignment

1 Helling, Hans

Social Studies-All,

Teacher/Coordinator Work Experienced Disadvantaged

2021 08/21/97

Social Studies

2 Anderson, Michael Construction Occupations 2019 06/08/00 Construction Technology

3 Hagberg, Craig Life Sciences 2019 08/17/00 Life Science

4 Bieringer, Michael Vehicle Services Occupations 2023 07/29/03 Automotive Technology

5 Broker, Paris

Emotional/Behavior Disorders, Teacher/Coordinator

Work based Learning, Career Accommodation Specialist

2021 07/22/04 PAES Instructor

6 Alberg, Susie Non Licensure Area 2019 07/07/05 Cosmetology

Careers

7 Hillesheim, Duane Non Licensure Area 2019 07/24/07 Law

Enforcement/EMR

8 Carlen, Brittany Mathematics 2023 06/07/12 Mathematics

9 McLain, Michael Communications Technology Careers, Visual Arts 2019 08/22/12

Art & Graphic Communications

10 Parks, Todd Transportation Careers 2019 12/05/12 Auto Careers

11 Lee, Mark Business,

Coord Work Based Learning, Keyboarding for Computer Appl

2021 02/03/14 Work Based Learning

Coord/CEO

12 Sewald, Hannah Visual Arts

Communication Arts/Lit 2019 05/06/14 English

13 Sinkel, James Social Studies-All 2019 08/05/14 Social Studies

14 Kosloski, Kelly Business

Work Based Learning Keyboarding for Comp Appl

2022 06/07/16 Work Based Learning

Coordinator

Probationary Teacher List 2018-19

No.

Name

Continuing

Contract Year (As of 07/01)

Current Valid

Licensure Area(s)

Expiration

Date

Contract

Date

Current Assignment

1

Glewwe, Scott

2019

Manufacturing Careers

2019

08/29/16

Welding

2

Anderson, John

2020

Emotional Behavior Disorders,Coord Work

Based Learning

2022

04/26/17

Work Based Learning

Coordinator

4

Flugum, Dan

2020

Elementary Education,

Academic and Behavior Strategist

2021

04/28/17

Special Education

Instructor

5

Olinger, Lyndsi

2021

Elementary Education,

Early Childhood Careers

2019

12/14/17

Elementary Education

6

Zubrod, Scott

2021

Transportation Careers

2020

08/27/18

Auto Technology

7

Segerstrom, Kelsey

2021

School Counselor

2023

08/27/18

Counselor

8

Oquist, Cindy

2021

Medical Careers

2019

08/28/18

Health Science

1. This list reflects the date of Board action pursuant to employment with the school district and the major and minor

licenses of record with the school district office as of January 1, 2004. For future reference, the contract date will match the date and time that the employee signed their first contract

2. Time off for Board authorized leaves, with the exception of child care leave, shall not be deemed to be a break in continuous service.

3. Expiration refers to license expiration. A license expires July 1 in the year indicated, unless otherwise indicated.

4. Continuing contract year indicates when the named teacher will acquire continuing contract rights in the district (effective 7/1), if not notified or non-renewal on or before June 30, of the year shown.

Revised 9/20/18

Wright Technical Center Employment Recommendation Form

Date: September 28, 2018

Name of Applicant: John Haskell Jr. Recommended By: Shaun Karson

Title of Position: Physical Education Instructor

Position Supervised By: Shaun Karson

Position Term Description (part time, full time, year-round, school year, etc)

.4 FTE - 2018-2019 School Year (160 days)

Top Priorities for the Position:

1. Experience working a diverse student population

2. Supporting student academic, social & emotional needs

3. Ability to connect and build genuine relationships with students

Number of Applicants: 2 Number of Candidates Interviewed: 1

Interview Team: Brian Koslofsky & Shaun Karson

Educational Background of Candidate:

Bachelor of Science - University of Minnesota -Physical Education

Employment Background of Candidate:

John has been teaching students 40+ years in a variety of educational settings, roles and grades.

Salary Scale Placement: Step 14 - Lane 7

REVENUESeptember

30, 2018

September

30, 2017

September

30, 2016

REVENUE CATEGORIES June 30, 2017 June 30, 2018 Adopted Budget Received YTD

Budget

Remaining

% of Budget

Received

% of Actuals

Received

% of Actuals

Received

September

30, 2017

September

30, 2016

STATE 381,836 541,731 446,682 523,746 (77,064) 117.3% 10.5% 3.0% 56,761 11,606

FEDERAL 333,251 341,090 381,505 160,588 220,917 42.1% 0.1% -20.2% 340 (67,375)

TUITION 2,696,937 2,733,899 2,934,377 399,306 2,535,071 13.6% 18.2% 12.1% 498,132 326,327

LOCAL (FEES, INTEREST, ETC.) 194,544 87,228 187,850 109,425 78,425 58.3% 1.8% 4.2% 1,584 8,165

TOTALS 3,606,568 3,703,948 3,950,414 1,193,064 2,757,350 30.2% 15.0% 7.7% 556,817 278,723

EXPENDITURESSeptember

30, 2018

September

30, 2017

September

30, 2016

OBJECT SERIES June 30, 2017 June 30, 2018 Adopted Budget Expended YTD

Budget

Remaining

% of Budget

Expended

% of Actuals

Expended

% of Actuals

Expended

September

30, 2017

September

30, 2016

SALARIES & WAGES 1,706,590 1,794,315 1,865,624 131,261 1,734,363 7.0% 16.4% 9.1% 295,153 155,528

EMPLOYEE BENEFITS 615,682 673,702 710,528 51,588 658,940 7.3% 14.5% 8.4% 97,634 51,537

PURCHASED SERVICES 647,140 703,107 869,418 161,687 707,732 18.6% 7.4% 6.0% 52,174 38,523

SUPPLIES 233,643 259,078 252,880 60,779 192,101 24.0% 10.0% 3.6% 25,884 8,366

FACILITIES & EQUIPMENT 294,680 678,211 1,008,376 139,242 869,134 13.8% 3.9% 0.0% 26,336 -

OTHER EXPENDITURES 12,253 1,210 13,400 218 13,182 1.6% 71.9% 5.4% 870 663

TOTALS 3,509,989 4,109,622 4,720,226 544,775 4,175,451 11.5% 12.1% 7.3% 498,051 254,618

September

30, 2018

September

30, 2017

September

30, 2016

PROGRAM SERIES June 30, 2017 June 30, 2018 Adopted Budget Expended YTD

Budget

Remaining

% of Budget

Expended

% of Actuals

Expended

% of Actuals

Expended

September

30, 2017

September

30, 2016

SITE ADMINISTRATION 127,526 140,702 145,659 22,350 123,310 15.3% 27.7% 16.6% 38,977 21,179

DISTRICT ADMINISTRATION 7,989 10,454 8,000 59 7,941 0.7% 1.0% 0.4% 101 35

SUPPORT SERVICES 226,226 258,646 271,472 59,165 212,307 21.8% 29.2% 23.5% 75,412 53,121

REGULAR INSTRUCTION 428,466 460,060 518,311 5,407 512,904 1.0% 17.3% 10.8% 79,741 46,279

VOCATIONAL INSTRUCTION 1,864,514 1,970,491 2,040,853 227,317 1,813,535 11.1% 7.0% 4.5% 137,620 83,444

SPECIAL EDUCATION 97,846 146,810 101,436 15,408 86,028 15.2% 14.1% 1.6% 20,713 1,525

INSTRUCTIONAL SUPPORT 80,967 120,967 115,811 12,636 103,175 10.9% 51.5% 12.9% 62,303 10,437

PUPIL SUPPORT SERVICES 32,790 34,285 33,888 2,323 31,565 6.9% 11.9% 4.2% 4,078 1,379

FACILITIES 615,396 937,782 1,450,157 200,033 1,250,124 13.8% 7.8% 5.1% 73,420 31,591

OTHER FINANCING USES 28,271 29,425 34,639 78 34,561 0.2% 19.3% 19.9% 5,687 5,629

TOTALS 3,509,989 4,109,622 4,720,226 544,775 4,175,451 11.5% 12.1% 7.3% 498,051 254,618

WRIGHT TECHNICAL CENTER

#966

REVENUE & EXPENDITURE

SUMMARY BY SOURCE, OBJECT

SERIES & PROGRAM SERIES September 30, 2018

Principal’s Report – October 2nd, 2018 Mr. Shaun Karson

General Information

● Meetings & Events:

● CTE Principals Meeting - (9/28)

● League of MN Cities - WTC Presentation - St. Cloud - (10/4)

● WTC Principals Meeting - (10/24)

● Career & College Fair - (10/15)

● Parent/Teacher Conferences - (10/15)

● Skills USA - (10/16)

● CTE Works Conference - (10/30 & 10/31)

Wright Technical Center

● Registration 2018-2019 - *566 Students (please see enrollment sheet)

● Program Field Trips

○ Manufacturing Day – Thursday (10/4) – Touring Millerbernd Manufacturing in Winsted.

○ NDSCS College Visit – Thursday (11/15) - North Dakota State College of Science

● Career Fair – Information has been sent out to businesses, post-secondary partners for our Annual Career

Fair on Monday, October 15th from 8:00am – 2:00pm. We are expecting 60+ exhibitors. Over 54 exhibitors

have already committed to attend.

● Skills USA - Will be presenting to the tech staff on CTE student organizations (10/16).

● Program Highlights

● Automotive Technology - New Hunter Tire Balancer

● Cosmetology Careers - WTC received a clean yearly inspection by MN Board of Cosmetology

Wright Learning Center

● Physical Education - .4 FTE -John Haskell

● Student Activities

○ Guthrie Theater

■ Frankenstein (10/24) - 30 students

■ Christmas Carol (12/12) - 55 students

● Night School/Independent Study - started Monday (9/17)

● Enrollment = 84 Day Students, 14 Independent Study, 11 Night School = 109 students

○ 10 students on the waitlist

Enrollment 2018/19Enrollment 2018/19

Program Target Ann Big Lake Buff Del HLWW MP LK Monti STMA WLC Corner Other TotalBlock One 7:55 - 9:20

Auto Career Sk 10 1 1 3 6 11Auto Tech 48 4 6 5 4 1 20

CEO 20 1 7 1 1 4 14Constr. Trds. 18 3 4 5 12Cosmetology 20 6 5 2 2 15

ECEC 24 3 2 9 1 15Health Science 20 8 4 4 16

Horticulture 0 0Law Enfor/EMR 25 7 4 8 1 20

PAES 10 6 2 4 5 17Welding Tech. 18 5 2 4 2 13

Totals 213 1 37 13 29 0 0 6 46 15 2 4 153

Program Target Ann Big Lake Buff Del HLWW MP LK Monti STMA WLC Corner Other TotalBlock Two 10:25 - 11:25

Auto Career Sk 10 2 2Auto Tech 48 31 31

Constr. Trds. 18 18 18Cosmetology 20 17 17

ECEC 24 12 12Health Science 20 17 17

Horticulture 22 0Law Enfor/EMR 25 22 22

PAES 10 9 9Welding Tech. 18 12 12

Totals 215 0 0 140 0 0 0 0 0 0 0 0 140

Enrollment 2018/19Program Target Ann Big Lake Buff Del HLWW MP LK Monti STMA WLC Corner Other Total

Block Three 12:35 - 2:20Auto Career Sk 10 2 1 5 8

Auto Tech 24 11 2 7 20Auto - 2nd year 16 7 1 8

Constr. Trds. 18 6 2 5 13Cosmetology 20 6 2 1 4 1 2 16

ECEC 24 2 1 3 6 1 13Graphics 18 2 1 2 3 2 10

Health Science 20 5 3 4 12Horticulture 22 0

Law Enfor/EMR 25 3 1 3 7OJT 100 14 28 8 27 28 105

PAES 10 1 3 1 5PLTW 20 1 5 6

Welding Tech. 18 7 1 2 8 18Youth Apprent 50 9 13 6 2 2 32

Totals 395 45 24 49 0 5 36 77 31 4 2 0 273

All Blocks PREREGISTRATION 2018-19Program Target Ann Big Lake Buff Del HLWW MP LK Monti STMA WLC Corner Other Total

Auto Career Sk 30 2 1 2 0 0 1 6 3 6 0 0 21Auto Tech 120 11 4 31 6 0 2 7 5 4 1 0 71

Auto - 2nd year 16 7 1 8CEO 20 1 7 1 1 4 14

Constr. Trds. 54 6 3 18 4 0 2 5 5 0 0 0 43Cosmetology 60 6 6 17 5 2 1 4 2 3 2 0 48

ECEC 72 2 3 12 2 1 3 6 9 2 0 0 40Graphics 18 2 1 2 3 2 10

Health Science 60 5 8 17 4 0 3 4 4 0 0 0 45Horticulture 0 0

Law Enfor/EMR 75 3 7 22 4 1 0 3 8 0 1 0 49OJT 100 14 28 8 27 28 105

PAES 30 1 0 15 2 0 0 7 6 0 0 0 31PLTW 20 1 5 6

Welding Tech. 54 7 5 12 2 1 2 8 4 2 0 0 43Youth Apprent 50 9 13 6 2 2 32Grand Totals 823 46 61 202 29 5 36 83 77 19 4 4 566

779 566

Wright Technical Center, ISD 966 Brian Koslofsky, Executive Director

Director’s Report October 2, 2018

5. General Information a. The member district superintendents conducted our annual SW-ETC Sherburne-Wright Educational

Technology Cooperative meeting. The officers were elected and the finance is approved. WTC’s revenue this year is $42,853 received from Sprint for the lease of FCC licenses. This is recognized as funds for our Capital and should be earmarked for technology when possible.

b. The “Leadership Team” Committee has met to develop a draft of District Goals to share with the Governing Board.. The committee will also be developing a “Wright Way for staff. The LT is comprised of Administration, WLC teachers, WTC teachers, and support staff.

c. Year in Review

6. Facilities a. Exterior wall restoration project continues. b. Finishing touches are being done on the other interior areas remodeled this summer. c. Facility Map

7. Finance

a. We have received all the individual resolutions from the member districts which have been submitted to MDE.

8. Meetings attended/upcoming

a. HLWW Board Meeting - Sept. 10, Howard Lake b. Great River Perkins Consortium Meeting - Sept. 11, St. Cloud c. WTC Com. Ed. Directors Tour - Sept. 18, WTC d. CEO Board Meeting - Sept. 20, WTC e. WCEDP Board Meeting - Sept. 21, Cokato f. Delano Board Meeting - Sept. 24, Delano g. WTC Advisory Board (Supt’s) Meeting - Sept. 26, WTC h. Big Lake Board Meeting - Sept. 27, Big Lake i. Manufacturing Day (Millerbernd) - Oct. 4, Winsted j. Little Falls Community Schools Tour - Oct. 8, WTC k. WCEDP (WTC - Mark Lee Workforce Presentation) - Oct. 11, Otsego l. STMA Board Meeting - Oct. 15, St. Michael m. MASBO Fall Conference - Oct. 24-26, Bloomington

Wright Technical Center Year in Review ● Facilities

○ OSHA Compliance ■ SDS Updates ■ Machine Guarding ■ Emergency Lighting Update

○ Facility Assessment ■ Exterior wall restoration ■ Welding lab remodel ■ Flooring updates ■ Classroom remodeling projects

● PAES, Independent Living, Construction Graphics, Auto Careers ■ Staff and Student Parking Lot Repairs

○ Replacement schedules ■ Roofs ■ Parking lots ■ Flooring ■ Maintenance Equipment

● Instructional Programs

○ Law Enforcement - ■ Laser Shot Simulator

○ Health Science - ■ Z-Space Virtual Reality ■ Chromebook Lab (10)

○ Graphic Communications ■ Sublimation Printer ■ Mug Press ■ Heat Press

○ Cosmetology ■ Salon Chairs

○ Welding ■ CNC Plasma Torch ■ Pulse Welders

○ Construction Trades ■ Scaffolding

○ PLTW (Project Lead the Way ■ CNC Mill ■ New Computers

○ WLC/WTC ■ Chromebook Carts (3- Mobile Computer Labs)

● Finance ○ Debt Refinance -

■ 5.47% t0 2.6% ■ $17,000 Annual Savings ■ Increase of $17,000 from $150K to $167K on LTFM with no additional tax increase.

● Capital Facility Bond of $650K for the repair of the exterior walls.

● Community Relations ○ Chamber memberships ○ Community Ed - Our hope is to utilize the WTC for satellite sites for Community Education and Adult

Basic Ed opportunities.

Independent School District No. 966 (Wright Technical Center), Minnesota

Member________________moved the adoption of the following Resolution

Resolution Adopting Post-Issuance Debt Compliance Policy for Tax-exempt and Tax-advantaged Governmental Bonds

WHEREAS, the District from time to time will issue tax-exempt and tax-advantaged

governmental bonds; and

WHEREAS, under the Internal Revenue Code of 1986, as amended (the “Code) and related

regulations, the District is required to take certain actions after bond issuance to ensure that

interest on those bonds remains in compliance with Code; and

WHEREAS, the District has determined to adopt a policy regarding how the District will carry

out its compliance responsibilities via written procedures, and to that end, has caused to be

prepared documents titled Post-Issuance Debt Compliance Policy and Post-Issuance Debt

Compliance Procedures; and

WHEREAS, the Board has reviewed the Post-Issuance Debt Compliance Policy in connection

with the Post-Issuance Debt Compliance Procedures and has determined that it is in the best

interest of the District to adopt the Policy.

NOW THEREFORE, BE IT RESOLVED BY THE INDEPENDENT SCHOOL DISTRICT NO. 966 (WRIGHT

TECHNICAL CENTER), MINNESOTA; the Board approves Policy 750 as shown in the form

attached; and

BE IT FURTHER RESOLVED; the District staff is authorized to take all actions necessary to carry

out the Post-Issuance Debt Compliance Policy and Post-Issuance Debt Compliance Procedures.

The motion for the adoption of the foregoing resolution was duly seconded by

Member________________, and upon vote being taken thereon, the following voted in favor

thereof:

And the following voted against the same:

Whereupon said resolution was declared duly passed and adopted by the Independent School

District No. 966 (Wright Technical Center), Minnesota this 2nd day of October, 2018.

STATE OF MINNESOTA ) )SS

COUNTY OF __________ ) I, the undersigned, being the fully qualified and acting Clerk of Independent School District No.

_____, State of Minnesota, do hereby certify that I have carefully compared the attached and

foregoing extract of minutes of a meeting of the School Board held on the _____day of_______,

2018, with the original thereof on file in my office, and the same is a full, true and complete

transcript insofar as the same relates to the adoption of a resolution adopting Post-Issuance

Debt Compliance Policy for Tax-exempt and Tax-advantaged Governmental Bonds.

WITNESS MY HAND officially as such Clerk this________day of________, 2018.

________________________________ Clerk

Current Sub paySchool Dist #Annandale 876Big Lake 727 $110 (1-30 days) $120 (31-60 days) $130 (60+ days)Buffalo-Hanover-Montrose 877 $115 (1-20 days) $130 (21-50 days) $140 (51-80 days) $150 (80+ days)Delano (Teachers on Call) 879 $100 (1-10 days) $110 (11-20 days) $115 (21-40 days) $120 (41+ days)Howard Lake-Waverly-Winsted 2687 $120Maple Lake 881 $110 Daily rate after 10Monticello 882 $115 (1-20 days) $120 (21-49 days) $130 (50+ days)St. Michael-Albertville 885 $115 (1-20 days) $125 (21-60 days) $135 (61+ days)

WTC 966 $1152018-2019 Proposed WTC Sub Pay

WTC 966 $115 (1-20 days) $130 (21+days)

Bkoslofsky

Typewritten Text

9.3

Wright Technical Center No. 966 September 27, 2018

2018A Facilities Maintenance Bond

Comparison of Proposals

Monticello, MN Corrales, NM

Estimated Issuance Costs

Municipal Advisor $12,555 $12,555Issuer Bond Counsel 2,000 2,000Post Issuance Compliance Policy 500 500

Total $15,055 $15,055

Bond Amount $650,000 $650,000

Interest Rate 3.49% 3.65%

Average Annual Payment Amount 1 $78,797 $79,430

Total Payments 1 $787,971 $794,297

Other Fees/Requirements None Annual audit reporting within 270 days of year end

Escrow Account Not Required Not required

1 Payments, and savings calculations based on those payments, are approximate, and subject to verification by bank.

RiverWood Bank Capital One

Callable in whole on 2/1/24, at par on any interest payment

date

Prepayable at any time without PenaltyPrepayment Options