VIGO COUNTY SCHOOL CORPORATION

BOARD OF SCHOOL TRUSTEES MEETING

ADMINISTRATION BUILDING – 686 WABASH AVENUE

MONDAY, APRIL 25, 2005

7:00 P.M.

M I N U T E S

A meeting of the Board of School Trustees of the Vigo County School Corporation was held at the Administration Building, 686 Wabash Avenue, Terre Haute, Indiana, on the 25^th day of April 2005 at 7:00 P.M.

The following Board Members were present: Mr. Lower, Mr. Cox, Dr. Minnis, Mr. Lockhart, Mr. Burks, and Mr. Shike. Mr. Tom was ill and unable to attend the meeting.

Pledge of Allegiance

Dr. Minnis led the Pledge of Allegiance.

Resolutions of Memoriam

Mr. Shike read Resolutions of Memoriams for Mrs. Claudine Butts and Mr. Howard Sharpe.

Information from Superintendent Tanoos

Mr. Tanoos reviewed several items of interest that took place during the past two weeks.

First Call For Citizen Comments

No comments were received.

Consent Agenda

Mr. Burks moved for approval of the Consent Agenda. Dr. Minnis seconded the motion. The motion passed unanimously.

The following Consent Agenda items were approved:

1. Minutes – Monday, April 11, 2005

2. Accounts Payable Docket – April 25, 2005

3. Financial Status Report – Month Ending March 2005

4. Encumbrance Report – Period Ending March 31, 2005

5. Stipend Authorization

6. Professional Leave Requests

7. Gifts

a. Otter Creek Middle School – Monetary gift of $900.00 to

offset costs for a spring field trip for the 8^th grade purple

team – Terre Haute Savings Bank.

b. Sarah Scott Middle School – Monetary gift of $1,500.00

to assist with the academic competition teams – Vectren

New Business

Personnel Report

Mr. Tanoos presented the Personnel Report for approval.

Dr. Minnis moved for approval. Mr. Lockhart seconded the motion. The motion passed unanimously.

Tuition Support Anticipation Warrants

Mr. Thornton remarked that at the April 11, 2005 Board Meeting, the Board of School Trustees granted permission to seek a temporary loan to cover anticipated cash flow deficits in the General Fund during the 2005 budget year.

Mr. Thornton recommended that the Board of School Trustees approve the sale of Tuition Support Anticipation Warrants for the General Fund in the amount of $5,500,000 to NatCity Investments, Inc., Cleveland, Ohio at a coupon rate of 3.25% with a premium of $15,850 for a net interest rate of 2.8207%. He stated that the loan would be closed on April 28, 2005 with repayment due on December 29, 2005.

Mr. Burks moved for approval. Dr. Minnis seconded the motion. The motion passed unanimously.

Science Textbook Adoption

Mr. Tanoos requested permission to adopt science textbooks for general and special education. He noted that these textbooks were presented to the Board for discussion at the April 11^th Board Meeting.

Dr. Minnis moved for approval. Mr. Lower seconded the motion. The motion passed unanimously.

(See Proceedings)

Comments/Correspondence/Information

Second Call for Citizen Comments

No comments were received

Information and Proposals from Board Members

On the state level, Mr. Shike expressed concern about the possible 27 million dollar allotment for Charter schools while public schools are facing a 27 million dollar shortfall.

Mr. Lower complimented Mr. Ireland on the newly adopted science textbooks, and thanked Mr. Lisby for furnishing the Board with updated calendar of events.

Mr. Cox commended the South Vigo High School SkillsUSA members for bringing back 17 medals to our city, receiving more awards than any other school represented.

Adjournment: 7:25 P.M.

Approved:

_____________________________President ______________________________

_____________________________Vice Pres. ______________________________

_____________________________Secretary ______________________________

_____________________________Dep. Secy.