GCMS sets public hearing on bond sale for Thursday night

GIBSON CITY — Immediately prior to its regular monthly meeting Thursday, the Gibson City-Melvin-Sibley school board will hold a special meeting to discuss a student disciplinary case.

Most of the special meeting, which begins at 5:45 p.m., will be held in closed session, according to its agenda.

The regular monthly meeting will follow at 6:15 p.m. Among the items on the meeting’s agenda is a public hearing that begins at 6:30 p.m. concerning the board’s intent to sell $1 million in working cash fund bonds.

The board is expected to set a special meeting for either Jan. 28, Feb. 2 or Feb. 3 for the purpose of approving a related “bond resolution.”

In December, the board approved its intent to issue a $500,000 working cash bond for 2015, with the ability to issue a second $500,000 bond the following year. Board members agreed that the second bond would only be issued if needed.

The measure is being done to increase the district’s borrowing capacity ahead of the state likely placing tax caps on public bodies. Kevin Heid of the Bloomington office of Stifel, Nicolaus and Company, the financial firm issuing the bonds, told the board its maximum bonding limit is currently $2 million.

Also at Thursday’s meeting, the board is expected to:

— Vote on staff resignations and hirings, plus leave requests. Among the actions expected is the approval of a contract, salary and benefits for Jeremy Darnell, who will take over as the district’s superintendent July 1.

— Vote on the destruction of closed session recordings dating through the end of July 2014.

— Approve field trip requests.

— Accept donations totaling $17,198. Less than $3,000 of that amount is for the high school wrestling program, while the rest is for the John Cowell Scholarship Fund.

— The board will hear a report from its building, grounds and transportation committee. Among the topics to be discussed is seeking bids for a new transportation provider. The district is in the fifth and final year of its contract with Midstate Transportation.

— The board will hear a report from the personnel and finance committee, which plans to meet soon to discuss fees for the 2016-17 school year. Approval of the fees would occur in March.

— The board will hear reports from each school’s principal, plus Curriculum Director Erin Nuss.

— The board will hear a report from Superintendent Anthony Galindo.

— The board will hear that the Illinois Secretary of State’s Office has announced it will award a $750 library grant to GCMS.

— The board will vote on whether to approve a cooperative team agreement for middle school wrestling for the 2016-17 and 2017-18 school years. The proposed co-op would be between GCMS Middle School and Fisher Junior High School.

— The board will be presented with a proposed school calendar for 2016-17, with approval coming in March.

Both the special meeting and regular monthly meeting will be held in the board room at the unit office, 307 N. Sangamon Ave., Gibson City.

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