MINUTES OF MEETING

Facilities and Capital Improvement Committee

(Jointly with Budget Advisory Committee)

June 16, 2008

Present: Jack Bell, Roland Doig, Don Gerlach, Jim Marean, Chris Miller, Mary Rader, Ralph Schuldt, Dr. Renee Stalma, Gerardo Tagliaferri, Jan Young, Brian Horton; BCK representatives Bob Costello and Ed Bernhauer.
* Focus of meeting is to discuss June 5 presentation to board of education and receive update from BCK.
* Scope of project has been reduced from approximately $27.9 million to approximately $27.5 million.
* BCK provides updated summary comparisons and priority tabulation information.
* Group reviewed and discussed adjustments made by BCK.
* Committee requested updated debt service and tax impact information based on BCK's revised cost estimates.
* Committee verifies from board of education meeting that FAC has the green light to continue pursuing a capital improvement project of this magnitude.
* Group discussed some items that were above cost allowances and reviewed items to determine aid eligibility.
Next meeting of the FAC is July 1, 2008, 6:30 p.m.