APPROVAL OF QUALITY ZONE ACADEMY BOND (QZAB) RESOLUTION (#04-06a) AND FINANCING DOCUMENTS - (Continued)
Jim Buckley, Director of Finance, presented information regarding this item and answered questions of the Board. He also announced a special meeting of the Manatee School Board Leasing Corporation on Wednesday, June 23, 2004 at 5:30 p.m. for the matter of approving the QZAB.
Mr. Kinnan moved, with a second by Mr. Miller, to approve the Quality Zone Academy Bond Resolution (#04-06a) and Financing Documents. Motion carried 5-0. (Copy of the Resolution and Documents can be found in the Supplemental Minute Book.)
APPROVAL OF REIMBURSEMENT RESOLUTION (#04-06b)
The School Board has a tax-exempt debt issue as part of the 2004-05 finance plan in order to fund certain capital outlay projects. Under certain circumstances, the federal government will allow school districts to reimburse themselves from tax-exempt debt issues to facilitate the financing of capital outlay projects.
The reimbursement resolution drafted by Mr. John Stokes, Nabors, Giblin, Nickerson, PA of Tampa, the Board's bond attorney, will allow the School District to reimburse itself for capital outlay projects listed in Exhibit A. This reimbursement capability will provide flexibility in the funding of capital projects in order to meet the Board's requirements on the capital projects plan.
Mrs. Harvey moved, with a second by Mr. Miller, to approve the Reimbursement Resolution (#04-06b). Motion carried 5-0. (Copy of Resolution may be found in the Supplemental Minute Book.)
APPROVAL OF AMENDMENT TO THE SUPERINTENDENT'S CONTRACT
On April 22, 2003, the Board approved a contract with Dr. Roger Dearing as Superintendent of Manatee County Schools. Article 9. Performance Based Contract of the Superintendent's contract states:
“The Superintendent's evaluation, annual salary and reemployment will be based on performance of the Superintendent and the achievement of district goals. If desired and allowed by law, in the sole and exclusive discretion of the School Board, the School Board and the Superintendent may work together to prepare an additional provision to this agreement whereby the Superintendent may be eligible for a merit adjustment payment upon the successful completion of measurable goals and objectives, to be completed or attained by the Superintendent during the 2003-2004 fiscal year, or any fiscal year thereafter. Any such performance-based merit payment will be characterized as a supplement and is not intended to be, and shall not be a permanent adjustment to base salary. If desired by the School Board, any agreed upon terms for the performance-based merit adjustment will be determined at a regular meeting of the School Board, and reduced to writing as an amendment to this employment contract.”
The School Board of Manatee County and the Superintendent agreed to the terms and conditions of this Article 9 Contract Amendment, as stipulated in the Contract Language of the Superintendent's Employment Contract. Any of the provisions, contained herein, may be adjusted and / or modified upon mutual agreement of the School Board and the Superintendent.
The fiscal impact is up to five percent of the superintendent's contract amount.
Superintending Dearing requested extending the date in Section A., C., G., and H. to a one-month later date, in the event the district were to submit an appeal for an FCAT (Florida Comprehensive Assessment Test) Grade. He said he is not asking for this supplement to be paid for this year, but this process would serve as a dry run for future occurrences of this contract issue.
Mr. Brunner said that September is when we approve the annual budget, and that time would be the best time for the Board to look at dollars available in the budget for the approval of that “final bonus” for the Superintendent based on the previous year's performance.
Mr. Barnebey said that with the additional language that makes the contract amendment contingent upon the Superintendent receiving a satisfactory job performance rating overall to be eligible for the five percent supplement, and language that indicates eligibility for the first set of supplements will not occur until 2004-05 fiscal year, the Board can take action.
Mrs. Harvey moved, with a second by Mr. Brunner, to accept the Superintendent's recommendation for the Superintendent's Contract with the identified amendments (see below) Motion carried 5-0. (Copy of Signed Amendment to the Superintendent's Contract Renewal Article 9 “Performance Based Contract” can be found in the Supplemental Minute Book.)
A. On an annual basis, but no later than October 1st, the School Board and the Superintendent will establish measurable goals for the District, which will be overseen by the Superintendent during the fiscal year.
B. These goals will be reduced to writing and approved by the School Board at a regular School Board Meeting.