Vantage looking to save millions on bond re-issue
Friday, June 06, 2014 12:00 AM
Vantage Rotary Interact Club President Cailah Rickard (left) and advisor Matt Miller (right) tell the Vantage Board about their recent trip to visit the school in Haiti sponsored by the district. (DHI Media/Ed Gebert)
VAN WERT — The Vantage Career Center Board of Education Thursday learned how it may potentially save around $4 million with the re-issue of its bonds. Omar Ganoom of Ross Sinclair & Associates went over the details with board members. The opportunity, according to Ganoom the sequestration cuts of the guarantees of the Building America bonds and the current market situation has opened up the opportunity to shave almost seven years off the indebtedness from the schools expansion and renovation project. The re-issue will probably come near the end of June with closing coming about two weeks later.
At the meeting’s outset, Interact Club President Cailah Rickard and advisor Matt Miller briefed the board on the recent trip made to visit the carpentry school in Haiti that Vantage sponsors. The school graduated five this spring.
The treasurer’s report was passed, along with an acknowledgment of informed consent, and investment report.
Superintendent Staci Kaufman reported that the district should be informed within the next 6-8 weeks it’s final LEED Rating for the renovation and expansion project. Vantage will receive either a gold or platinum rating, but clarification of the specifics of the school’s solar field needs to be completed. The district was required to reach a silver certification, which it managed easily. Vantage still has an excellent chance of obtaining the hard-to-earn platinum certification, which shows how environmentally-friendly the building now is.
The board approved supplemental contracts for Michelle Knippen and Daniel Joyce, as well as for adult education instructors for: Kip Wright, Keith WIlliamson, Ted Tumbleson, Kevin Taylor, Glen Schenk, Robert Miller, Matthew McDougal, James Loughrie, Shane Lee, Ed Klausing, Jeffrey Hammons, Kevin Fehres, Kyle Fittro, Mark Figert, Patrick Elking, Shawn Cook, Bruce Showalter, Pete Weir, Kristie Jones, Shirley Jarvis, Cynthia Krizan, Carol Schaefer, Connie Drakes, Jean Steele, Robert Garcia, Pan Knodel, Carolyn Fast, Mike Miller, Larry Ray, Jourdan Tomlinson, Justin Cornewell, Katherine Wehres, Linda Hartman, Annette Klinger, Pat Vogel, Mark Ernst, and Brian Ankney.
In other action, the board approved Ohio Teacher Evaluation System certified evaluators Ben Winans, Mike Knott, Mary Ann Hall, and Ted Verhoff. Board members passed a resolution backing the “Thorough and Efficient” provision of the Ohio Constitution, and accepted donations from Kennedy Manufacturing, Eaton, Crown Equipment Corporation. Also accepted were resolutions to approved fees for Vantage Preschool for the next school year, the Avantage Salon and Spa price list, the 2014-15 preschool fees, and the Rothacker Lampe Bequest equipment list. Approval was given to enter into a contract to build a carpentry house for Andy and Katie Drurup, and to contract with Perry Pro Tech for copier services. A resolution supporting the Community Reinvestment Area Agreement with JJK Kahle LLC (B-K Tool and Design of Kalida was passed. Vantage will receive payments in lieu of taxes as part of that agreement.