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					                                    OFFICIAL MINUTES
                       GENESEE VALLEY CENTRAL SCHOOL
                    REGULAR BOARD OF EDUCATION MEETING &
                            BUDGET WORK SESSION
                        MONDAY, MARCH 12, 2012 - 7:00 P.M.
                         MIDDLE/HIGH SCHOOL LIBRARY

The meeting was called to order at 7:00 p.m. by Brett Gallmann, President presiding.
Roll Call was taken by District Clerk:
Members Present:            Brett Gallmann, President; Amber Christensen, Vice-President; Steve
                            Presutti, Dean McKnight, Fred Grusendorf, Deryle Baker, Joshua Shannon
District Personnel Present: Ralph Wilson, Superintendent; Brian Edmister, Principal; Mia O’Brien,
                            Principal; Lynn Manning, District Treasurer; Penny Miller, District Clerk
Staff Members Present:      Carol McCarville (BOCES), Jean Vallance, Chris Chamberlain, John
                            Pierce, Lisa Schneider
Guests:                     Approximately 50 guests in attendance (budget cut concerns)
The Pledge of Allegiance was recited. The meeting was moved to the auditorium at 7:02 p.m. due to
large number of guests; returned to library at 8:45 p.m.
Persons to Address the Board:
           Dean & Kirsten Salyer discussed the art/music programs at GV and asked board members
             and administrators to reconsider cutting back staff in those areas.
           Chelsey Halbert, student, addressed the Board about concerns with cuts in sports and
             art/music.
BUDGET WORK SESSION: Mr. Wilson gave a power point presentation highlighting proposed
budget cuts for the 2012-2013 school year, noting causes for budget deficit include flat state aid,
insurance, retirement, contractual salaries, GEA, ARRA, EIF funding, etc. The following areas have
proposed cuts: athletics, clubs, driver education summer program, summer school, newsletter, cafeteria
monitors, library assistant replaced with aide, .6FTE guidance counselor, music teacher, art teacher,
LOTE teacher, special education area, and teacher team leaders. He also noted savings in 3 Tier Drug
Formulary and scheduling changes. There was a very lengthy question and answer session. The Board
will further review the budget on Monday, March 19th.
APPROVE MINUTES: Motion made by Deryle Baker, seconded by Joshua Shannon - BE IT
RESOLVED that the Board of Education of Genesee Valley Central School approves the Board of
Education minutes of the Regular Meeting dated February 13, 2012, and the minutes of the Special
Meeting dated February 16, 2012 as submitted.
VOTE: Yes 7, No 0, Abs. 0 Motion carried.
ADMINISTRATORS REPORTS:
        7-12 Principal’s Report by Ms. Mia O’Brien – No report
        PK-6 Principal’s Report was given by Mr. Brian Edmister on: scheduling, Chinese
         musician, Marvelous Monday, Science Fair, student teachers, Gr. 5/6 team meeting, APPR
         update, spring sports, sports banquet, lifeguarding course, swimming championship, and
         mock schedule.
        Curriculum Coordinator’s Report was given by Mrs. Carol McCarville on progress
         monitoring.
        CSE Chairperson’s Report was given by Ms. Jean Valance on special education
         information - students (116), 8 special education teachers, teacher aides, teacher assistants
         and BOCES costs.

FINANCIAL REPORTS:
        Business Office/District Treasurer’s Report was given by Mrs. Lynn Manning on health
       insurance premiums, property tax cap, QUESTAR III BOCES State Aid Workshop, vehicle
       replacement schedule, bond anticipation notes, and library tax levy increases.
ACCEPT TREASURER’S REPORTS: Motion made by Steve Presutti, seconded by Amber
Christensen - BE IT RESOLVED that the Board of Education of Genesee Valley Central School accepts
the following Treasurer’s Reports as submitted: Agency Account 1/1-1/31/12, Payroll Account 1/1-
1/31/12, Special Aid Account 1/1-1/31/12, Special Aid Account 12/1-12/31/11.
VOTE: Yes 7, No 0, Abs. 0 Motion carried.
APPROVE BOCES UNIT METHODOLOGY: Motion made by Steve Presutti, seconded by Fred
Grusendorf - BE IT RESOLVED that the Board of Education of Genesee Valley Central School approves
the proposed basis of service charges of the Cattaraugus-Allegany-Erie-Wyoming BOCES for the 2012-
13 fiscal year.
VOTE: Yes 7, No 0, Abs. 0 Motion carried.

ACCEPT WARRANT REPORTS: Motion made by Joshua Shannon, seconded by Fred Grusendorf -
BE IT RESOLVED that the Board of Education of Genesee Valley Central School accepts the following
Accounts Payable Warrant Reports as submitted: General Fund #8, Federal Fund #9, School Lunch Fund
#8.
VOTE: Yes 7, No 0, Abs. 0 Motion carried.

ACCEPT EXTRA-CURRICULAR ACTIVITY REPORT: Motion made by Steve Presutti, seconded
by Amber Christensen - BE IT RESOLVED that the Board of Education of Genesee Valley Central
School accepts the Extra-Curricular Activity Treasurer’s Report dated January 2012 as submitted.
VOTE: Yes 7, No 0, Abs. 0 Motion carried.

APPROVE BOND REFUNDING RESOLUTION: Motion made by Steve Presutti, seconded by Dean
McKnight - BE IT RESOLVED that the Board of Education of Genesee Valley Central School approves
the following Bond Refunding Resolution:

               A REFUNDING BOND RESOLUTION DATED MARCH 12, 2012
               AUTHORIZING THE ISSUANCE OF REFUNDING BONDS IN AN
               AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $24,000,000
               OF THE GENESEE VALLEY CENTRAL SCHOOL DISTRICT,
               ALLEGANY COUNTY, NEW YORK, PURSUANT TO THE LOCAL
               FINANCE LAW AND PROVIDING FOR OTHER MATTERS IN
               RELATION THERETO.
        WHEREAS, the Genesee Valley Central School District, Allegany County, New York (the
“District”) heretofore issued its School District Serial Bonds - 2002 in the original aggregate principal
amount of $28,415,000, with $22,770,000 of such bonds being scheduled to mature in the years 2013
through 2030, inclusive (collectively, the “Refunded Bonds”); and

        WHEREAS, in order for the District to realize the potential for certain long-term debt service
savings with respect to the Refunded Bonds, the Board of Education of the District (the “Board”) has
determined, after consultation with the District’s Superintendent of Schools and Business Official, and the
financial advisory and bond counsel firms retained by the District, that it would be prudent for the District
to consider the current refunding of the Refunded Bonds; and

      WHEREAS, the Refunded Bonds are, by their terms, subject to the possibility of call for
redemption (at 101% of par) on June 15, 2012, and the District has determined to conduct such a call; and

       WHEREAS, the Refunded Bonds were issued pursuant to a refunding bond resolution that was
adopted by the Board on March 13, 2000 (the “Bond Resolution”), authorizing the issuance of bonds to
refinance certain bonds of the District that were issued in 2002 to pay the costs of certain objects or
purposes in and for the District, as more fully set forth in the Bond Resolution, the terms of which are
incorporated herein by this reference; and

       WHEREAS, the District has the power and authority to issue refunding bonds of the District for
the purpose of refunding and thereby refinancing the Refunded Bonds at more favorable rates of interest,
including provision for incidental costs of issuance in connection therewith, pursuant to the provisions of
Section 90.00 and/or 90.10 of the Local Finance Law (the “Refunding Law”); and

       WHEREAS, the District has received a draft refunding financial plan, updated as of January 18,
2012 (the “Refunding Financial Plan”), from Jefferies & Company, Inc. (the “Underwriter”) in connection
with the proposed refunding of the Refunded Bonds and such Refunding Financial Plan is attached hereto
as Exhibit A; and

       WHEREAS, the Board has reviewed and considered the Refunding Financial Plan in consultation
with the Superintendent of Schools and the Business Official of the District, and the financial advisory
and bond counsel firms retained by the District; and

        WHEREAS, the District desires to refund the Refunded Bonds by issuing certain refunding bonds
and selling such bonds at private sale to the Underwriter; and

         WHEREAS, Sections 90.00 and 90.10 of the Local Finance Law require that the District adopt a
refunding bond resolution which includes a refunding financial plan setting forth all of the pertinent
details in connection with the proposed refunding transaction;
       NOW, THEREFORE, BE IT RESOLVED, by the Board (by the favorable vote of not less than
two-thirds of all the members of the Board) as follows:

      SECTION 1. Based on the recommendation of Municipal Solutions, Inc., the financial advisory
      firm retained by the District, the Board hereby determines to undertake a current refunding of the
      Refunded Bonds, through the issuance of refunding bonds of the District, such refunding bonds to
      be offered and sold at private sale to the Underwriter.

      SECTION 2. For the object or purpose of refunding all of the Refunded Bonds, including
      providing moneys which, together with the interest earned from the investment of certain of the
      proceeds of the refunding bonds herein authorized, shall be sufficient to pay (A) the outstanding
      principal amount of the Refunded Bonds, (B) the aggregate amount of unmatured interest payable
      on the Refunded Bonds to and including the date(s) on which the Refunded Bonds mature or are
      redeemed in accordance with the Refunding Financial Plan, (C) redemption premiums, if any,
      payable on the Refunded Bonds as of such redemption date(s) and (D) the costs and expenses
      incidental to the issuance of the refunding bonds herein authorized, including, but not limited to,
      the fees and costs of the financial advisory and bond counsel firms retained by the District, there
      are hereby authorized to be issued the School District Refunding Bonds, 2012 of the District in an
      aggregate principal amount not to exceed $24,000,000 pursuant to the provisions of Section 90.00
      and/or 90.10 of the Local Finance Law (the “Refunding Bonds”), it being anticipated that the
      principal amount of Refunding Bonds actually to be issued will be approximately $22,560,000, as
      described in the Refunding Financial Plan and in Section 5 hereof. The Refunding Bonds shall be
      dated such date as shall hereafter be determined by the President of the Board of Education
      pursuant to Section 5 hereof, shall be of the denominations of $5,000 or any integral multiple
      thereof not exceeding the principal amount of each respective maturity, and shall mature annually
      and shall bear interest semi-annually thereafter on such dates as shall be determined by the
      President of the Board of Education pursuant to Section 5 hereof, at the rate or rates of interest per
      annum as may be necessary to sell the same, all as shall be determined by the President of the
      Board of Education.

      SECTION 3. The Refunding Bonds shall be executed in the name of the District by the manual
      or facsimile signature of the President of the Board of Education, and a facsimile of its corporate
      seal shall be imprinted thereon and attested by the District Clerk. The Refunding Bonds shall
      contain the recital required by Section 90.00(g)(4) and Section 90.10(j)(4) of the Local Finance
      Law and the recital of validity clause provided for in Section 52.00 of the Local Finance Law and
      shall otherwise be in such form, and contain such recitals, as the President of the Board of
      Education shall determine.

      SECTION 4. It is hereby determined that:

              The maximum amount of the Refunding Bonds authorized to be issued pursuant to this
      resolution does not exceed the limitation imposed by the Local Finance Law;

              The maximum period of probable usefulness permitted by law at the time of the issuance
      of the Refunded Bonds for each of the objects or purposes for which the Refunded Bonds were
      issued is as shown upon Exhibit B; and

             The last installment of the Refunding Bonds will mature not later than the expiration of the
      maximum period of probable usefulness of each of the objects or purposes for which the Refunded
      Bonds were issued, or in the alternative, the weighted average remaining period of probable
      usefulness of the objects or purposes (or classes of objects or purposes) financed with the
      Refunded Bonds or the weighted average remaining period of probable usefulness of all objects or
      purposes (or classes of objects or purposes) financed with the Refunded Bonds, in accordance with
      the provisions of the Local Finance Law.

      SECTION 5. The Refunding Financial Plan, showing the sources and amounts of all moneys
      required to accomplish such refunding, the estimated present value of the total debt service
      savings (if any) and the basis for the computation of the aforesaid estimated present value of total
      debt service savings, are set forth in Exhibit A attached hereto and made a part of this resolution.
      The Refunding Financial Plan has been prepared based upon the assumption that the Refunding
      Bonds will be issued in the principal amount of $22,560,000 and that the Refunding Bonds will
      mature, be of such terms, and bear interest as set forth in Exhibit A. This Board recognizes that
      the amount of the Refunding Bonds, and the maturities, terms, and interest rate or rates borne by
      the Refunding Bonds to be issued by the District will most probably be different from such
      assumptions and that the final Refunding Financial Plan will also most probably be different from
      that attached hereto as Exhibit A. The President of the Board of Education is hereby authorized
      and directed to determine the amount of the Refunded Bonds to be refunded, the details as to the
      redemption of the Refunded Bonds, including the date and the amount of such redemption or
redemptions, the amount of the Refunding Bonds to be issued, the date of such bonds and the date
of issue, maturities and terms thereof, the provisions relating to any redemption of the Refunding
Bonds prior to maturity, whether the Refunding Bonds will be insured by a policy or policies of
municipal bond insurance or otherwise enhanced by a credit enhancement facility or facilities, the
escrow arrangements (if any) to be entered into with respect to the proceeds of the Refunding
Bonds, the terms of the private sale of the Refunding Bonds to the Underwriter, the amount of the
annual installments of the Refunding Bonds to be paid pursuant to the Local Finance Law,
whether the Refunding Bonds shall be sold at a discount in the manner authorized by Section
57.00(e) of the Local Finance Law, and the rate or rates of interest to be borne thereby, and to
prepare, or cause to be prepared, a final Refunding Financial Plan for the Refunding Bonds, and
all powers in connection therewith are hereby delegated to the President of the Board of
Education; provided, that the terms of the Refunding Bonds to be issued, including the rate or
rates of interest borne thereby, shall comply with the requirements of the Refunding Law. The
President of the Board of Education shall file a copy of his or her certificate determining the
details of the Refunding Bonds and the final Refunding Financial Plan with the District Clerk not
later than ten (10) days after the delivery of the Refunding Bonds, as herein provided.

SECTION 6. The President of the Board of Education is hereby delegated all powers of this
Board with respect to agreements for credit enhancement, derived from and pursuant to Section
168.00 of the Local Finance Law, for such Refunding Bonds, including, but not limited to the
determination of the provider of such credit enhancement facility or facilities and the terms and
contents of any agreement or agreements related thereto.

SECTION 7. The faith and credit of the District are hereby irrevocably pledged for the payment
of the principal of and interest on the Refunding Bonds as the same respectively become due and
payable. An annual appropriation shall be made in each year sufficient to pay the principal of and
interest on such Refunding Bonds becoming due and payable in such year. There shall annually
be levied on all the taxable real property of the District a tax sufficient to pay the principal of and
interest on such Refunding Bonds as the same become due and payable.

SECTION 8. That portion of such proceeds from the sale of the Refunding Bonds, together with
interest earned thereon, which shall be required for the payment of the principal of and interest on
the Refunded Bonds, including any redemption premiums, in accordance with the Refunding
Financial Plan, shall be irrevocably committed and pledged to such purpose and the holders of the
Refunded Bonds shall have a lien upon such moneys and the investments thereof. All interest
earned from the investment of such moneys not required for such payments on the Refunded
Bonds shall be irrevocably committed and pledged to the payment of the principal of and interest
on the Refunding Bonds, or such portion thereof as shall be required by the Refunding Financial
Plan, and the holders of such Refunding Bonds shall have a lien upon such moneys. The pledges
and liens provided for herein shall become valid and binding upon the issuance of the Refunding
Bonds and the moneys and investments representing proceeds of the Refunding Bonds held by the
District (or its designated escrow holder, if one is appointed to hold the proceeds of the Refunding
Bonds) shall immediately be subject thereto without any further act. Such pledges and liens shall
be valid and binding against all parties having claims of any kind in tort, contract or otherwise
against the District irrespective of whether such parties have notice thereof. Neither this
resolution nor any other instrument relating to such pledge and liens need be filed or recorded.

SECTION 9. In accordance with the provisions of Sections 50.00 and 53.00 of the Local Finance
Law, the Board hereby authorizes and directs the President of the Board of Education to call in
and redeem all of the Refunded Bonds which are subject to prior redemption according to their
terms on their earliest allowable redemption date in accordance with the terms of the Refunding
Financial Plan. The sum to be paid therefor on such redemption date shall be the par value
thereof, the accrued interest to the redemption date and the required redemption premiums (if any).
The President of the Board of Education is further authorized and directed to cause notice of such
call for redemption in the name of the District by mailing such notice to the registered holders of
the Refunded Bonds not less than thirty (30) days prior to such redemption date. Such notice shall
provide that the call for redemption is to be conditioned upon the issuance of the Refunding Bonds
on or prior to the redemption date. Upon the issuance of the Refunding Bonds, the election to call
in and redeem the outstanding Refunded Bonds shall become irrevocable and the provisions of
this Section shall constitute a covenant with the holders, from time to time, of the Refunding
Bonds, provided that this Section may be amended from time to time as may be necessary to
comply with the requirements of paragraph a of Section 53.00 of the Local Finance Law, as the
same may be amended from time to time.

SECTION 10. The President of the Board of Education is further authorized to take such actions
and execute such documents as may be necessary to ensure the continued status of the interest on
the Refunding Bonds as excludable from gross income for federal income tax purposes pursuant to
      Section 103 of the Internal Revenue Code of 1986, as amended (the “Code”) and, if applicable, to
      designate the Refunding Bonds authorized by this resolution as “qualified tax-exempt obligations”
      in accordance with Section 265 of the Code.

      SECTION 11. The President of the Board of Education is further authorized to enter into a
      continuing disclosure agreement with the initial purchaser of the Refunding Bonds authorized by
      this resolution, if required, containing provisions which are satisfactory to such purchaser in
      compliance with the provisions of Rule 15c2-12, promulgated by the Securities and Exchange
      Commission pursuant to the Securities Exchange Act of 1934.

      SECTION 12. In the absence or unavailability of the President of the Board of Education, the Vice
      President of the Board of Education is hereby specifically authorized to exercise the powers
      delegated to the President of the Board of Education in this resolution.

      SECTION 13. The District hereby determines that the issuance of the Refunding Bonds is a Type
      II action that will not have a significant effect on the environment and, therefore, no other
      determination or procedures under the State Environmental Quality Review Act (“SEQR”) is
      required.

      SECTION 14. Subject to compliance with the provisions of the Refunding Law, the Refunding
      Bonds shall be sold at private sale to the Underwriter, and the President of the Board of Education
      is hereby authorized to conduct such private sale in accordance with the provisions of the
      Refunding Law and all other applicable statutes and regulations, and to make all final decisions
      with respect to or arising out of such private sale. The President of the Board of Education is
      hereby authorized to execute and deliver a bond purchase agreement with the Underwriter for the
      Refunding Bonds, in the name and on behalf of the District, providing the terms and conditions for
      the sale and delivery of the Refunding Bonds to the Underwriter. After the Refunding Bonds have
      been duly executed, they shall be delivered by the President of the Board of Education to the
      purchaser of such Refunding Bonds, in accordance with the terms of such bond purchase
      agreement, upon the receipt by the District of the applicable purchase price, including any
      premium or accrued interest.

      SECTION 15. The President of the Board of Education and the District Clerk and all other
      officers, employees and agents of the District are hereby authorized and directed for and on behalf
      of the District to execute and deliver all certificates and other documents, perform all acts and do
      all things required or contemplated to be executed, performed or done by this resolution or any
      document or agreement approved hereby.

      SECTION 16. All other matters pertaining to the terms and manner and details of issuance of the
      Refunding Bonds shall be determined by the President of the Board of Education and all powers in
      connection therewith are hereby delegated to the President of the Board of Education.

      SECTION 17. The District Clerk is hereby authorized and directed to publish this resolution, or a
      summary thereof, together with a notice in substantially the form provided by Section 81.00 of
      such Local Finance Law, in the official newspaper(s) of the District for such publication. The
      validity of the Refunding Bonds may be contested only if:

      (1) (a).       Such obligations are authorized for an object or purpose for which such District is
          not authorized to expend money, or

          (b).        The provisions of law which should be complied with at the date of publication of
      this resolution are not substantially complied with, and an action, suit or proceeding contesting
      such validity is commenced within twenty days after the date of such publication; or

      (2)   Such obligations are authorized in violation of the provisions of the Constitution of New
      York.

      SECTION 18. This resolution rescinds and replaces, in its entirety, the prior refunding bond
      resolution that was adopted by this Board of Education on December 12, 2011. This resolution
      shall take effect immediately upon its adoption.

      VOTE: Yes 7, No 0, Abs. 0 Motion carried.

APPROVE CAPITAL PROJECT BOND RESOLUTION: Motion made by Steve Presutti, seconded
by Deryle Baker - BE IT RESOLVED that the Board of Education of Genesee Valley Central School
approves the following Capital Project Bond Resolution:
       A BOND RESOLUTION, DATED MARCH 12, 2012, OF THE BOARD OF
       EDUCATION OF THE GENESEE VALLEY CENTRAL SCHOOL DISTRICT,
       ALLEGANY COUNTY, NEW YORK (THE “DISTRICT”), AUTHORIZING AND
       CONFIRMING (I) A 2012 CAPITAL IMPROVEMENTS PROJECT IN THE
       District AT A MAXIMUM ESTIMATED COST OF $7,200,000, (II) THE
       ESTABLISHMENT OF A NEW CAPITAL RESERVE FUND OF THE DISTRICT,
       (III) THE TRANSFER OF $1,100,000 OF FUNDS ON HAND IN THE DISTRICT’S
       1996 REPAIR RESERVE FUND TO THE NEW CAPITAL RESERVE FUND, (IV)
       THE EXPENDITURE OF $1,100,000 FROM THE NEW CAPITAL RESERVE
       FUND TOWARD THE COST OF THE PROJECT AND (V) THE ISSUANCE OF
       SERIAL BONDS OF THE DISTRICT IN AN AGGREGATE PRINCIPAL
       AMOUNT NOT TO EXCEED $6,100,000 TO FINANCE THE BALANCE OF THE
       COST OF THE PROJECT, AND DELEGATING THE POWER TO ISSUE BOND
       ANTICIPATION NOTES IN ANTICIPATION OF THE SALE OF SUCH BONDS
       TO THE PRESIDENT OF THE BOARD OF EDUCATION OF THE DISTRICT.


                 WHEREAS, at the special school district meeting and vote of the qualified voters of the
Genesee Valley Central School District, Allegany County, New York (the “District”), held on February
15, 2012, a proposition (the “Proposition”) was duly adopted authorizing the Board of Education of the
District (i) to undertake a 2012 Capital Improvements Project consisting of the reconstruction and
renovation, in part, and the construction of improvements and additions to various District buildings and
facilities (and the sites thereof) and the purchase of original furnishings, equipment, machinery and
apparatus required in connection with the purposes for which such buildings and sites are used, and all
ancillary or related work required in connection therewith, including preliminary costs and costs
incidental thereto and to the financing thereof (collectively, the “Project”), at a maximum estimated cost
of $7,200,000, (ii) to establish a new capital reserve fund of the District (the “2012 Capital Reserve
Fund”) for certain specified purposes, with the ultimate amount of such fund being not greater than $2.5
million (plus interest earned thereon) and with the probable term of such fund being not longer than ten
(10) years, (iii) to transfer $1,100,000 of funds on hand in the District’s 1996 Repair Reserve Fund to the
2012 Capital Reserve Fund, (iv) to expend $1,100,000 from the 2012 Capital Reserve Fund toward the
cost of the Project and (v) to levy a tax to finance the balance of the cost of the Project, with such tax to
be collected in annual installments and with obligations of the District to be issued in anticipation thereof;
and

               WHEREAS, it is now desired to authorize the expenditure of $7,200,000 for the Project
and to provide for the financing thereof in accordance with the Proposition;

               NOW, THEREFORE,

                BE IT RESOLVED, by the Board of Education of the District (by a favorable vote of at
least two-thirds of all the members of the Board), as follows:

                The class of objects or purposes to be financed pursuant to this resolution is a District-wide
capital improvements project consisting of the reconstruction, renovation and reconfiguration, in part, and
the construction of improvements and additions to various District buildings and facilities (and the sites
thereof), to implement various health, safety, accessibility and code compliance measures required by the
State Education Department in connection with any significant capital project, and various other measures
generally described in (but not to be limited by) a plan prepared by the District with the assistance of
Clark Patterson Lee that is on file with the District Clerk, such work to include the purchase of original
furnishings, equipment, machinery and apparatus required in connection with the purposes for which such
District buildings, facilities and sites are used, and all ancillary or related work required in connection
therewith, including preliminary costs and costs incidental thereto and to the financing thereof.
                The maximum estimated cost of such class of objects or purposes is determined to be
$7,200,000, which expenditure is hereby authorized. The plan for the financing of the Project is by (i) the
transfer of $1,100,000 of funds on hand in the District’s 1996 Repair Reserve Fund to the District’s
newly-established 2012 Capital Reserve Fund, and the subsequent expenditure of $1,100,000 toward the
Project from the 2012 Capital Reserve Fund and (ii) the issuance of up to $6,100,000 of serial bonds of
the District, hereby authorized to be issued pursuant to the Local Finance Law. The District’s 2012
Capital Reserve Fund is hereby formally established for the purpose of funding the acquisition,
construction, reconstruction, expansion, renovation, alteration and improvement of District buildings,
facilities, grounds and real property, including the acquisition of original furnishings, equipment,
machinery and apparatus required in connection therewith; the ultimate amount of the Fund shall be not
greater than $2,500,000, plus interest earned thereon; the probable term of the Fund shall be not longer
than ten (10) years; and the source of monies for the Fund shall be (a) the amount authorized hereby to be
transferred thereto from the District's 1996 Repair Reserve Fund (in which monies have been set aside for
several years for building and site work in the District), (b) amounts from unappropriated fund balance of
the District as may be directed by this Board of Education from time to time and (c) such other sources as
this Board of Education or the voters of the District may direct from time to time, all as permitted by law.
The funds transfers that were approved by the District's voters pursuant to the Proposition are hereby
specifically authorized, and are directed to be made prior to the completion of the District's current fiscal
year.

               It is hereby determined that the period of probable usefulness of the aforesaid class of
objects or purposes is 30 years, pursuant to subdivision 97 of paragraph a of Section 11.00 of the Local
Finance Law.

                 Subject to the provisions of this resolution and of Sections 21.00, 30.00, 50.00 and 56.00 to
60.00 of the Local Finance Law, the powers and duties of the Board of Education relative to (i)
authorizing the issuance of bond anticipation notes and (ii) prescribing the terms, form and contents and
details as to the sale and issuance of the bonds herein authorized and of any bond anticipation notes issued
in anticipation of such bonds, and any renewals of such notes, are hereby delegated to the President of the
Board of Education, as the chief fiscal officer of the District.

                The temporary use of available funds of the District, not immediately required for the
purpose or purposes for which the same were borrowed, raised or otherwise created, is hereby authorized
pursuant to Section 165.10 of the Local Finance Law, for the purpose or purposes described in Section 1
of this resolution. The District then reasonably expects to reimburse any such expenditures (to the extent
made after the date hereof or within 60 days prior to the date hereof) with the proceeds of the bonds
authorized by Section 2 of this resolution (or with the proceeds of any bond anticipation notes issued in
anticipation of the sale of such bonds). This resolution shall constitute the declaration of the District’s
“official intent” to reimburse the expenditures authorized by Section 2 hereof with such bond or note
proceeds, as required by United States Treasury Regulations Section 1.150-2.

                Each of the bonds authorized by this resolution, and any notes issued in anticipation of the
sale of such bonds, shall contain the recital of validity as prescribed by Section 52.00 of the Local Finance
Law, and such bonds and notes shall be general obligations of the District, payable as to both principal
and interest by a general tax upon all the taxable real property within the District, without limitation as to
rate or amount. The faith and credit of the District is hereby irrevocably pledged for the payment of the
principal of and interest of such bonds and notes, and provision shall be made annually in the budget of
the District by appropriation for (i) the amortization and redemption of any such bonds or notes to mature
in such year and (ii) the payment of interest on any such bonds or notes to be due and payable in such
year.

               The President of the Board of Education is further authorized to take such actions and
execute such documents as may be necessary to ensure the continued status of the interest on the bonds
authorized by this resolution, and any notes issued in anticipation thereof, as excludable from gross
income for federal income tax purposes pursuant to Section 103 of the Internal Revenue Code of 1986, as
amended (the “Code”) and to designate the bonds authorized by this resolution, and any notes issued in
anticipation thereof, if appropriate, as “qualified tax-exempt obligations” within the meaning of Section
265(b)(3)(B)(i) of the Code.

               The President of the Board of Education is further authorized to enter into a continuing
disclosure agreement with the initial purchaser of the bonds (or any bond anticipation notes issued in
anticipation of the sale of such bonds), containing provisions which are satisfactory to such purchaser in
compliance with the provisions of Rule 15c2-12, promulgated by the Securities and Exchange
Commission pursuant to the Securities Exchange Act of 1934.

               In the absence or unavailability of the President of the Board of Education of the District,
the Vice President of the Board of Education is hereby specifically authorized to exercise the powers
delegated to the President of the Board of Education in this resolution.
               The District Clerk is hereby authorized and instructed to publish this resolution, or a
summary thereof, together with a notice in substantially the form provided by Section 81.00 of the Local
Finance Law, in the official newspaper(s) of the District, or if no newspaper(s) have been so designated,
then in a newspaper having general circulation in the District, which newspaper shall be designated by the
Board of Education in a separate resolution. The validity of the serial bonds authorized hereby, or of any
bond anticipation notes issued in anticipation of the sale of such serial bonds, may be contested only if:

                 (1)    (a)     such obligations are authorized for an object or purpose for which the
District is not authorized to expend money, or

                        (b)     if the provisions of law which should be complied with at the date of
publication of this resolution (or a summary thereof) are not substantially complied with,

and an action, suit or proceeding contesting such validity is commenced within twenty days after the date
of such publication; or

              (2)     such obligations are authorized in violation of the provisions of the Constitution of
New York.

             This resolution is effective immediately and shall be placed in the official minutes of the
Board of Education of the District as an official action of the Board.

VOTE: Yes 7, No 0, Abs. 0 Motion carried.

APPOINT SENIOR STAND COOK: Acting on the recommendation of the Superintendent - Motion
made by Joshua Shannon, seconded by Fred Grusendorf - BE IT RESOLVED that the Board of Education
of Genesee Valley Central School appoints Veronica Phillips as Senior Stand Cook for the July 2012
Fair Season, pay shall be $1,200.
VOTE: Yes 7, No 0, Abs. 0 Motion carried.
APPROVE SECOND READING/ADOPTION OF BOARD POLICIES: Motion made by Amber
Christensen, seconded by Joshua Shannon - BE IT RESOLVED that the Board of Education of Genesee
Valley Central School approves the second reading/adoption of the following Board of Education
Policies, as submitted:
             Policy #6410 – Staff Use of Computerized Information Resources
             Policy #5730 – School Bus Safety Program
             Policy #7315 – Student Use of Computerized Information Resources (Acceptable Use
                Policy)
             Policy #8380 – Animals in the School (Instructional Purposes)
             Policy #5230 – Acceptance of Gifts, Grants, and Bequests to the School District
             Policy #7515 – Pediculosis (Head Lice)
             Policy #5511 – Reserve Funds
             Policy #3420 – Non-Discrimination and Anti-Harassment in the School District
             Policy #7560 – Notification of Sex Offenders
             Policy #7552 – Bullying: Peer Abuse in the Schools
             Policy #7222 – Credential Options for Students with Disabilities
             Policy #5410 – Purchasing
             Policy #7580 – Suicide
             Policy #8271 – Internet Safety/Internet Content Filtering Policy
             Policy #7610 – Special Education: District Plan
             Policy #7512 – Student Physicals
             Policy #6510 – Health Insurance
             Policy #5630 – Facilities: Inspection, Operation and Maintenance
             Policy #1510 – Regular Board Meetings and Rules (Quorum and Parliamentary Procedure)
             Policy #4515 – Energy Conservation in the School District
        VOTE: Yes 7, No 0, Abs. 0 Motion carried.

APPROVE VOLUNTEERS: Motion made by Deryle Baker, seconded by Joshua Shannon - BE IT
RESOLVED that the Board of Education of Genesee Valley Central School approves the following
volunteer for the 2011-12 school year:
            Veronica Phillips of Angelica under the supervision of Lynn Kunz (Odyssey of the Mind).
            Jacob Maxcy of Belmont under the supervision of Rollie Duttweiler (Varsity Track)
            Andy Mountain of West Almond under the supervision of Lisa Schneider (Softball)
            Chris McElhenny of Hornell under the supervision of Adam Wightman (Varsity Baseball)
            Shawn Clancy of Hornell under the supervision of Rollie Duttweiler (Varsity Track)
VOTE: Yes 7, No 0, Abs. 0 Motion carried.
APPROVE OUT OF DISTRICT STUDENT ATTENDANCE: Motion made by Joshua Shannon,
seconded by Steve Presutti - BE IT RESOLVED that the Board of Education of Genesee Valley Central
School approves out of district student attendance for the 2012-13 school year as follows:
           Evan Turybury (Wellsville Central School District), Grade Kindergarten with no tuition
              charge as per board policy, parent is an employee of the district, hired prior to 12/1/07.
VOTE: Yes 7, No 0, Abs. 0 Motion carried.

NOMINATE BOCES BOARD MEMBER: Motion made by Dean McKnight, seconded by Steve
Presutti - BE IT RESOLVED that the Board of Education of Genesee Valley Central School nominates
Sue Potter for the Area 2 seat on the BOCES Board of Education for a three-year term commencing on
7/1/12.
VOTE: Yes 7, No 0, Abs. 0 Motion carried.

APPROVE ANGELICA FREE LIBRARY REQUEST: Motion made by Steve Presutti, seconded by
Fred Grusendorf - BE IT RESOLVED that the Board of Education of Genesee Valley Central School
approves the request of the Trustees of the Angelica Free Library, for the amount of money annually
appropriated from taxes for the town library, be increased from $28,000 to $28,700 and authorize that a
proposition to that effect be placed before the voters at the annual meeting/vote of the Genesee Valley
Central School District to be held on Tuesday, May 15, 2012.
VOTE: Yes 7, No 0, Abs. 0 Motion carried.

APPROVE BELMONT FREE LIBRARY REQUEST: Motion made by Steve Presutti, seconded by
Joshua Shannon - BE IT RESOLVED that the Board of Education of Genesee Valley Central School
approves the request of the Trustees of the Belmont Free Library, for the amount of money annually
appropriated from taxes for the town library, be increased from $30,000 to $31,000 and authorize that a
proposition to that effect be placed before the voters at the annual meeting/vote of the Genesee Valley
Central School District to be held on Tuesday, May 15, 2012.
VOTE: Yes 7, No 0, Abs. 0 Motion carried.

APPROVE MEMORANDUM OF AGREEMENT: Motion made by Joshua Shannon, seconded by
Deryle Baker- BE IT RESOLVED that the Board of Education of Genesee Valley Central School
approves the Memorandum of Agreement with the GV Administrators Association agreeing to the three-
tier prescription plan effective July 1, 2012.
VOTE: Yes 7, No 0, Abs. 0 Motion carried.

APPROVE MEMORANDUM OF AGREEMENT: Motion made by Deryle Baker, seconded by
Joshua Shannon - BE IT RESOLVED that the Board of Education of Genesee Valley Central School
approves the Memorandum of Agreement with the GVEA for retirement benefits (for member on leave),
agreement to commence 3/1/12 until 3/19/12 for only the member on leave.
VOTE: Yes 7, No 0, Abs. 0 Motion carried.

APPROVE CPSE/CSE RECOMMENDATIONS: Acting on the recommendation of the CSE/CPSE
Committee – Motion made by Steve Presutti, seconded by Amber Christensen - BE IT RESOLVED that
the Board of Education of Genesee Valley Central School approves the CSE/CPSE recommendations as
submitted.
VOTE: Yes 7, No 0, Abs. 0 Motion carried.

APPOINT VOTE INSPECTORS: Motion made by Steve Presutti, seconded by Deryle Baker - BE IT
RESOLVED that the Board of Education of Genesee Valley Central School appoints the following vote
inspectors for the May 15, 2012 Budget Vote, working from 11:30 – 8:30 p.m., rate of pay shall be $8.50
per hour:
       - Belmont Town Hall Site – Charles Smith (Chief Inspector), Karen Morgan, Maureen Smith,
            Cindy Pierce, Alternate – Pat Schmelzer
       - Angelica Grange Hall Site – Marilyn Warner (Chief Inspector), Carol Gallmann, Louise Ross,
            Janet Harrington, Alternate – Norine Ryan
VOTE: Yes 6, No 0, Abs. 1 (Brett Gallmann) Motion carried.

APPROVE CALENDAR CHANGE: Motion made by Joshua Shannon, seconded by Amber
Christensen - BE IT RESOLVED that the Board of Education of Genesee Valley Central School approves
the following two changes in the 2011-2012 school year calendar: hold a Staff Development Day on
Thursday, May 24, 2012 (no student attendance) and close school on Friday, May 25, 2012 due to excess
snow days (extends the Memorial Day holiday weekend).
VOTE: Yes 7, No 0, Abs. 0 Motion carried.
APPROVE SUBSTITUTES: Acting on the recommendation of the Superintendent – Motion made by
Amber Christensen, seconded by Deryle Baker - BE IT RESOLVED that the Board of Education of
Genesee Valley Central School approves the following substitutes for the 2011-12 school year:
          Leslie Teagarden of Alfred Station as non-certified substitute teacher in K-8 area, pending
             fingerprint clearance.
          Ashley Crowe of Belmont as substitute in the areas of teacher aide, clerical and custodial,
             pending fingerprint clearance.
          Luke Ellsessor of Angelica as substitute in the custodial area, pending fingerprint clearance
     VOTE: Yes 7, No 0, Abs. 0 Motion carried.

ACCEPT RESIGNATION: Acting on the recommendation of the Superintendent – Motion made by
Joshua Shannon, seconded by Deryle Baker - BE IT RESOLVED that the Board of Education of Genesee
Valley Central School accepts the resignation, due to retirement, of Gloria Villa as cleaner effective
February 27, 2012.
VOTE: Yes 7, No 0, Abs. 0 Motion carried.

ACCEPT RESIGNATION: Acting on the recommendation of the Superintendent – Motion made by
Steve Presutti, seconded by Joshua Shannon - BE IT RESOLVED that the Board of Education of Genesee
Valley Central School accepts the resignation, due to retirement, of Carol Bush as Spanish Teacher
effective July 1, 2012.
VOTE: Yes 7, No 0, Abs. 0 Motion carried.

ACCEPT LETTER OF INTENT: Acting on the recommendation of the Superintendent – Motion
made by Steve Presutti, seconded by Fred Grusendorf - BE IT RESOLVED that the Board of Education
of Genesee Valley Central School accepts the letter of intent to retire for Maureen Kelley as elementary
teacher effective at the end of the 2012-2013 school year.
VOTE: Yes 7, No 0, Abs. 0 Motion carried.

APPOINT CLEANER: Acting on the recommendation of the Superintendent – Motion made by Amber
Christensen, seconded by Dean McKnight - BE IT RESOLVED that the Board of Education of Genesee
Valley Central School appoints Kimberly Layman as full-time cleaner effective March 13, 2012. There
is a ten-month probationary period beginning March 13, 2012 and concluding January 12, 2013. The rate
of pay shall be $8.15 per hour, in accordance with the CSEA contract.
(Replaces Bonnie Matteson).
VOTE: Yes 7, No 0, Abs. 0 Motion carried.

APPOINT CLEANER: Acting on the recommendation of the Superintendent – Motion made by Steve
Presutti, seconded by Deryle Baker - BE IT RESOLVED that the Board of Education of Genesee Valley
Central School appoints Patrick Fleming as full-time cleaner effective March 13, 2012. There is a ten-
month probationary period beginning March 13, 2012 and concluding January 12, 2013. The rate of pay
shall be $8.15 per hour, in accordance with the CSEA contract.
(Replaces Gloria Villa).
VOTE: Yes 7, No 0, Abs. 0 Motion carried.

APPROVE LEAVE OF ABSENCE: Acting on the recommendation of the Superintendent – Motion
made by Deryle Baker, seconded by Joshua Shannon - BE IT RESOLVED that the Board of Education of
Genesee Valley Central School approves the request for a Family Medical Leave for Lynn Hayes for the
period of 3-4 weeks beginning March 1, 2012.
VOTE: Yes 7, No 0, Abs. 0 Motion carried.

APPROVE MEMORANDUM OF AGREEMENT: Motion made by Joshua Shannon, seconded by
Deryle Baker - BE IT RESOLVED that the Board of Education of Genesee Valley Central School, upon
the recommendation of the Superintendent and in consideration of the current financial situation of the
state and district, Ralph Wilson, Superintendent’s contractual salary for the 2012-2013 school year be
amended to reflect a zero increase over the current year.
VOTE: Yes 7, No 0, Abs. 0 Motion carried.

ACCEPT RESIGNATION: Acting on the recommendation of the Superintendent – Motion made by
Joshua Shannon, seconded by Steve Presutti - BE IT RESOLVED that the Board of Education of Genesee
Valley Central School accepts the resignation of Kim Stack from the positions of Middle School
Marching Band Advisor, Grade 4 Band Advisor and Middle School Band Advisor effective immediately.
VOTE: Yes 7, No 0, Abs. 0 Motion carried.
INFORMATIONAL/DISCUSSION:
       Informational / Discussion: Mr. Wilson discussed Legislative Breakfast and NHS
         Induction Ceremony.
       Informational: Reservations for the annual BOCES dinner meeting are due by March 23.
         The meeting is scheduled for Wednesday, April 4 at 7:00 p.m. at Olean BOCES.
       Informational: Letter to Ms. Lohnes re: NHS


SET DATE FOR SPECIAL MEETING: Motion made by Steve Presutti, seconded by Joshua Shannon
– BE IT RESOLVED that the Board of Education of Genesee Valley Central School sets the date of
Monday, March 19, 2012 at 7:00 p.m. in the library for a special Board of Education meeting for the
purpose of a budget work session.
VOTE: Yes 7, No 0, Abs. 0 Motion carried.

EXECUTIVE SESSION: Motion made by Dean McKnight, seconded by Steve Presutti – BE IT
RESOLVED that the Board of Education of Genesee Valley Central School suspends the regular order of
business at 9:25 p.m. to enter into executive session for the purpose of personnel discussion.
VOTE: Yes 7, No 0, Abs. 0 Motion carried.

RESUME REGULAR ORDER OF BUSINESS: Motion made by Fred Grusendorf, seconded by
Amber Christensen – BE IT RESOLVED that the Board of Education of Genesee Valley Central School
resumes the regular order of business at 10:30 p.m.
VOTE: Yes 7, No 0, Abs. 0 Motion carried.
ADJOURNMENT: Motion made by Joshua Shannon, seconded by Deryle Baker - BE IT RESOLVED
that the Board of Education of Genesee Valley Central School adjourns the regular meeting at 10:31 p.m.
VOTE: Yes 7, No 0, Abs. 0 Motion carried.

                                                          Respectfully submitted:


                                                          Penny L. Miller
                                                          District Clerk

				
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