Review Agenda Item
Meeting Date: 8/18/2021 - 6:30 PM
Category: FINANCE
Type: Action
Subject: 12.2 Approval of YIDA Financing of the New Community School
District Goals:
Enclosure See attached Resolution and documents.
File Attachment:
BOE Resolution 8.5.21 (revised).pdf
Yonkers 2021 Installment Sale Agreement (4841-7151-4854 3).pdf
Yonkers IDA - JSCB Schools 2021 Trust Indenture (4823-2297-8767 2).pdf
Yonkers JSCB 2021 Bonds POS 4147-6274-6416 4.pdf
Yonkers State Aid Trust Agreement (4826-0364-3359 3).pdf
Rationale: For the Board of Education to approve Financing of the New Community School
Funding:
Resolution: "WHEREAS the Board of Education wishes to approve the attached Resolution Authorizing the Transactions and Execution and Delivery of Certain Documents Contemplated in Connection with the Issuance of YIDA School Facility Revenue Bonds (New Community School Project) at the Request of the YJSCB to Finance a Portion of the Costs of the Yonkers School Construction and Modernization Plan" (the "Resolution");

NOW THEREFORE BE IT RESOLVED that the Board of Education hereby approves the attached Resolution and directs the Superintendent of Schools and those under his direction to take all steps necessary to effectuate and implement the Resolution.
Approvals:
Recommended By:
Signed By:
Finance Department - Finance Reviewer
Signed By:
John Liszewski - Commissioner
Signed By:
Dr. Edwin M. Quezada - Superintendent of Schools
Vote Results:

Original Motion
Member Gail Burns Moved, Member Sheila Greenwald seconded to approve the Original motion '"WHEREAS the Board of Education wishes to approve the attached Resolution Authorizing the Transactions and Execution and Delivery of Certain Documents Contemplated in Connection with the Issuance of YIDA School Facility Revenue Bonds (New Community School Project) at the Request of the YJSCB to Finance a Portion of the Costs of the Yonkers School Construction and Modernization Plan" (the "Resolution");

NOW THEREFORE BE IT RESOLVED that the Board of Education hereby approves the attached Resolution and directs the Superintendent of Schools and those under his direction to take all steps necessary to effectuate and implement the Resolution.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 6 Nay: 0.
The motion Carried 6 - 0
   
Lakisha Collins-Bellamy     Yes
Sheila Greenwald     Yes
Gail Burns     Yes
Kevin Cacace     Yes
Dr. Rosalba Corrado Del Vecchio     Yes
Andrea Brown     Yes