Mountain View votes to refinance bond


Mt. View school board reconvened its Sept. 19 meeting the next night and its first order of business was to hire an investment banker to refinance $7.1 million in bonds.

The board voted unanimously, 8-0, with board member Jay Wescott absent,  to appoint Henry Sallusti of RBI Capital Markets LLC as its investment banker for the refunding of the 2007 bond issue.

The board, however, voted down, 5-3, the appointment of a financial adviser  in the matter at a fee not to exceed $12,000.

Superintendent Andrew Chichura said he and business manager James Mirabelli could advise the banker on behalf of the board where appropriate.

Chichura said the board would likely formalize an acceptable note on which the board could vote on in October or November, and, if approved, it would go into effect in 2012.

The board also voted 5-3 not to approve  a 2011-2012 salaries schedule. Chichura said after the meeting the board’s vote would not affect the salary of anyone presently on the payroll.

In other business, the board approved, 8-0, the creation and posting of two additional paraprofessional positions. It voted 6-2 not to delete a “clerical position by attrition for the elementary and high school libraries.”

Clifford resident Joy Bognatz thanked the board “for not taking the library from our children.” She acknowledged that had they deleted the position it would have meant that one of the district’s libraries would have to remain closed if there was no one paid to staff it.

Also, the board voted 8-0 to approve an additional classroom for students with special needs, and to staff it they approved 5-3 the recall of furloughed teacher Brian Stone.

Resident Roy Twining raised an issue about Stone’s qualifications to teach special needs students.

Apparently Stone’s certification is in math, and Twining said that the district already had two highly not qualified teachers in the special needs area.

“Wouldn’t it be right to bring one highly qualified person in?” he asked.

A discussion ensued about the difficulty of finding such persons who can teach special needs students this far into the school year.

The board also acknowledged that former assistant high school principal Michael Beamish was to be compensated for unused vacation days and any other matters that needed to take place to conclude his employment atMountain Viewincluding the rescinding of a previous motion that allowed for the right to recall him.

Finally, the board approved a settlement agreement dating back to work conducted in the 2001-2 school year by Standard Iron Works and Mar-Paul Company. The agreement obligated the district to make a one-time payment of $10,000.

The Mountain View School Board’s next meeting – a work session – is scheduled for Oct. 10 at7 p.m.