Board Finance & Facilities Committee Minutes – August 17, 2020

District Mission: The Sioux City Community School District exists to educate students to believe in their talents and skills, achieve academic excellence, and succeed in reaching their potential.

Facilitator: Dr. Paul Gausman
Secretary: Patty Pageler

The Board Finance & Facilities Committee (BF&F) met on Monday, August 17, 2020 in the
Educational Service Center Board Room. Copies of the Agenda and the following Executive
Summaries were available:

  • Approximately $36,000,000 School Infrastructure Sales, Services and Use Tax Revenue Refunding Bonds: Consideration of Financing Proposals and Resolution Directing Sale
  • Contract for Transportation Services between the Sioux City Community School District and the City of Sioux City
  • Food and Nutrition Bids for Dry and Frozen Food Categories
  • Hunt Elementary School BP#4 Construction Project
  • Finance Report for July-Revenues and Expenditures

Committee Members Present: Dr. Paul Gausman, Patty Blankenship, Patty Pageler
(virtually), Brian Fahrendholz, Ron Colling, Dan Greenwell and Taylor Goodvin

Committee Members Absent: None

Guests / Visitors: Tim Oswald (Piper Sandler) (by phone), Rich Luze, Troy Thomas, Dr.
Buryanek, Matt Basye (FEH)

Call to Order: Dr. Paul Gausman called the meeting to order at 3:00 p.m.

Approximately $36,000,000 School Infrastructure Sales, Services and Use Tax Revenue Refunding Bonds, Consideration of Financing Proposals and Resolution Directing Sale: Patty Blankenship

  • Tim Oswald provided an update to the Committee.
  • Tim’s recommendation is to move the timing of the refinancing out further – potentially September.
  • The Committee agreed to take no action at the August 24, 2020 Board meeting.

Contract for Transportation Services between the Sioux City Community School District and the City of Sioux City: Brian Fahrendholz

  • The purpose of the contract is to supplement the busing of students with City transit services.
  • City transit will provide seven tripper bus routes to the District and five routes to transport Hunt Elementary students to the Crescent Park.
  • The total cost of the contract is $310,925.65.
  • Bus operating cost per mile is determined from the actual cost from the previous year. The cost per mile $2.11, a $0.04 increase.
  • The recommendation is that the Board of Directors approves the contract for $310,925.65 for the 2020-2021 school year.
  • This item will be included on the agenda of the August 24, 2020 Board meeting.

Food and Nutrition Bids for Dry and Frozen Food Categories: Brian Fahrendholz

  • US Foods submitted an unexpected termination letter to the District on July 15, 2020.
  • US Foods will terminate services effective October 2, 2020.
  • The District rebid the dry and frozen food categories for five years – subject to annual renewal.
  • The District received bids from Martin Brother’s and Cash-Wa Distributing. Martin Brother’s was the low bidder.
  • The recommendation is that the Board of Directors awards the bid and enters into a contract with Martin Brothers for $1,419,708.61.
  • This item will be included on the agenda of the August 24, 2020 Board meeting.

Hunt Elementary School BP#4 Construction Project: Brian Fahrendholz

  • Sealed bids for the Hunt Elementary School Construction Project were received and publicly read on August 11, 2020.
  • Six bids were received with Nelson Commercial Construction submitting the low bid of $14,135,000.
  • The architect’s estimate was $15,492,021.
  • The recommendation is that the Board of Directors accepts the low base bid and alternates A1 and A3 and awards the contract to Nelson Commercial Construction for $14,135,000.
  • This item will be included on the agenda of the August 24, 2020 Board meeting.

Finance Report for July-Revenues and Expenditures: Patty Blankenship

  • The July financial report was briefly reviewed.
  • The preliminary June (FY20) financial report was briefly reviewed.

Other Items for the Good of the Order:

  • As a follow up to the previous Board meeting, the June transaction detail was provided for several credits.

The next meeting of the Board Finance & Facilities Committee will be Tuesday, September 8,
2020 at 3:00 p.m. in the ESC Board Room.