001All right. Now that we have uh chairs settled, I will call the meeting to order. Um first, thank you everyone for coming um to the May meeting of the Three Lakes Board of Education. Um before I get started, I would just like to welcome Brian Fritz. This being his first meeting after elected office. Um we will get started with the pledge of allegiance. If everyone can please rise and face the pledge. I pledge allegiance to the flag of the United States of America and to the republic for which it stands. One nation under God, indivisible, with liberty and justice for all. Okay. Next, we move administrator report on the agenda posting and notification of the meeting to the media. The agenda was posted at Three Lake School and Sugar Camp School via email. The town
002of Three Lakes, Town of Monaco, Town of Sugar Camp, and the Denver Library. Media notified via email included the Vias County News, the Northwoods River News, WJO News, WXPR Radio, and media notified by mail, WACD, WATPK radio. Thank you. Next, we move to amendments in approval of agenda. We would like to make an amendment and remove 5H from the agenda. We would like to double check our figures and bring it back to the next board meeting. Um, if anyone is ready, I would take a motion. I'll make a motion to approve the amended agenda. Second. We have a motion by Stacy, second by Mitch. All those in favor of the motion signify by stating I. I. I. Opposed. None heard. Motion carries. Next to routine approvals to approve minutes of the April 16th, 2025 regular
003meeting. Any changes or concerns from the floor? Um, if they were, there are none. I will take a motion on the minutes. I'll make a motion to approve the minutes as presented. Second. We have a motion by Mitch, second by Stacy. All those in favor of the motion signify by stating I. I. I. Opposed? None heard. Motion carries. Next, we move in to the treasurer's report. I'll make a motion to approve the checks dated April 10th, 2025 through May 14th, 2025 for accounts payable checks number 24250244 through number 24250300 0 and regular check number 131042 through number 131163. Manual check numbers 5845,5866, 5956 and wire transfer numbers 202400214 through 202400241 in the amount of $779,814.73 and AC payroll checks number 90045527 through number 9 045776 and regular payroll checks number 59411 through 59413 in the
004amount of $370,51856 for a total amount of 1,50,33329. Second, just a record reflection on the payroll. Um the beginning numbers for both are a nine followed by three zeros. We have a motion by Mitch, second by Josh. All those in favor of the motion signify by stating I. I. I. I. Opposed. None heard. Motion carries. Next we move into public comments. Are there any comments from visitors regarding any of the agenda items? Okay. Hearing none, we will move into the administrator's report. Thank you. We're going to again do an update on the capital referendum where we have been since we got together last month. Um the executive committee team has been brought together to begin some preliminary design and process decision making included were representatives from admin both school buildings um the maintenance department and
005the nexus partners. Um it was a large group because it included a big group from Nexus as far as their architects and design team. Um we also then talked about this large group will be broken down into subgroups by the schools and then perhaps by like a maintenance group etc. But we will run everything back through the exec group before it would come to the board for consideration. Uh we had a kickoff meeting on April 28th and that's where we were able to meet all the people. Uh there was 17 people involved in that meeting and we had a follow-up meeting on May 13th. During the May 13th meeting, we were able to really focus in on the the um blueprints, the square footage, and talk about what was still listed and where we wanted
006to put the most focus. Um especially looking at sugar camp which took the majority of our time as planned because we wanted to see what we could do to expl uh expand some of the entryway in the secure entry and make more room for students coming in which wasn't reflected in the um conceptual design and we make good progress there. Um the feedback was taken by Nexus and the team. They also walk the grounds again and then when they come back together they're going to share some design updates with us and then we can look at that and see where we are next. Um we then again reviewed each of the projects that were listed at each of the buildings and reiterated this is what yes this is part of the referendum but some of
007this is going to be done at district level already within our regular scheduled maintenance program. So there's always a little bit of flexibility to what extent is going to be done in district and what will be done by the referendum dollars. Uh Caleb and I were able to meet with Rob Brown and um his boss at Nexus. We went over the agreements that will be going to our attorney for review. It's just a lot of the language to you know who's responsible for what completion of contracts if there was something wasn't done to satisfaction. and that's also right now in the process. Then we were able to talk with Kevin Mullen from Beard and he is here tonight. He's going to be sharing information with you this evening and he spent time with us giving
008us a rundown as to what our next steps are, how we want to share the information with you so you have a very good understanding at the board level before we bring it back next month for some actual decision making. Um Caleb has also been working with a couple of different c companies to discuss the investment process. Um he has met with PMA which is focused and re um connected with the WISC and we learned that about 706% of all districts in the state that are working through capital referendum right now are working with them. They um have a nice process asked lots and lots of questions. Um he also met with PMA which um they did a nice job too but there was um little bit more complication there as far as what they
009wanted to do um right now still gathering more information but it looks like probably favoring working with PMA at this point and more information to come on that. Uh, like I said, the designs are being formulated by the architects and they're going to get it back to us for feedback and direction. And last but not least, Jen met with Deb from Nexus, the lady who worked with us on our campaign um for public information and talked about how we're going to re-engage our website link, how we are going to start getting the messaging out so we have almost like a little I would call it a barometer of progress. This is what we're doing. This is what's completed. We're now 30%, we're now 50%, so we're giving timely information. Jen and I have also discussed
010additional ideas that we would like to do um like weekly or bi-weekly um video posts or chats just might be little snippets, but say this is what's happened so people don't wonder what happened to this referendum and try to get that all formulated out. So, we feel pretty good about that place as well. So, all in all, it didn't sound like a lot, but a whole lot's been happening behind the scenes in the past month to get ready for the next steps. Any questions that you might have for me or Caleb or Jen at this point? All right, more to come. All right, thank you for the update and the work behind the scenes. You bet. Next, we move on to new business. Um, because this is our May meeting, we have a requirement to
011elect the positions of the Three Lakeakes School Board. At this time, in accordance with Wisconsin statute 120.05 05 sub one subc. We will elect a school board president, vice president, treasurer, and clerk from among our members for a period of one year until a school board meeting is held on or within 30 days after the 4th Monday in April of 2026. A secret ballot procedure is authorized but not required under Wisconsin statute. At this time, are there any members present who would prefer the election of officers by secret ballot? Hearing none. At this time, we will proceed with the election of officers by voice vote after nominations from the floor. As a current president, I will serve as the chair for the duration of the election. If a new president is elected, that individual will
012take over the elected role immediately following this posted public meeting. This will also apply to all elected positions tonight. During the elections, I will open the floor to nominations. Any member of the board can make a nomination, but a member may not nominate more than one candidate for a single officer position. Nominations do not need a second. Once nominations have concluded, I will ask for any further nominations. I will then ask for a motion and second to close the nominations. The board will then vote to close the nominations. I will then ask for a vote for the officer position elected. If there is more than one nomination, the clerk will tally the results of the voice vote per nomination. Once a single nomination has been affirmed, I will ask the board for a final vote
013on the officer position. Are there any questions? Okay. Nominations are now open for the position of school board president. I'll nominate Alicia Williams as school board president. I will accept the nomination. Are there any further nominations? I'll nominate Stacy Klein as a vice president. That next. Are there any further nominations for president? At this time, I will need a motion from the floor to close nominations. I'll make a motion to close nominations. Okay. Confused. So, it'll run the same for each. So, we have nominations open. Once the nominations are in, I'll ask for a close. We will do a a motion in a second for the closure of the nominations and then a vote on that and a vote on the position just for clarity purposes. So, we'll need a second. I'll second. Okay. So,
014we have a motion to close the nominations for the position of school board president. Motion was made by Josh and we have a second by Stacy. I will abstain from vote. All those in favor of the motion signify by stating I. I. Opposed. Motion carries. Next I will open the nominations. Sorry. Um we need a second vote. So, at this time, we will vote for the position of president with one nomination. I know it's redundant, but um all those in favor of myself, Alicia Williams, for the position of president signify by stating I I opposed. None heard. Motion carries. Next, I will nom open the nominations for the position of school board vice president. I will nominate Stacy Klein as vice president, school board vice president. Are there any other nominations for the position of
015school board vice president? If not, I would take a motion to close the nominations. A motion to close. Do we have a second? I'll second. Okay, we have a motion by Brian, second by Mitch. All those in favor of the motion signify by stating I. I. I opposed. None heard. Motion carries. Now we'll need a vote because the nominations have been closed. Um a vote for the position of vice president for Stacy Klein. All those in favor signify by stating I. I. I. Opposed. None heard. Motion carries. Next, we'll open the floor for the position of school board treasurer. I'll make a motion to nominate Mitch Ellis for treasurer. School board treasurer. Are there any further nominations for the position of treasurer? If not, I would take a motion to close nominations. I'll make a
016motion to close nominations. I will second. We have a motion by Josh, second by Brian. All those in favor of the motion signify by stating I I I I opposed. None heard. Motion carries. We will now vote on the position of treasurer for Mitch Ellis. All those in favor signify by stating I I I I opposed. None heard. Motion carries. I'll now open the nominations for the position of school board clerk. I will nominate Josh Kra for the position of school board clerk. Are there any fur further nominations for the position of clerk? If not, I would take a motion to close nominations. I'll make a motion to close. Second. We have a motion to close nominations by Mitch, second by Stacy. All those in favor of the motion signify by stating I I I
017opposed. None heard. Motion carries. Who will now vote on the position of school board clerk being Josh Cray. All those in favor of the vote signify by stating I. I. I. I. Opposed. None heard. Motion carries. We'll now move in to CISA delegate as well as alternate. Um last year I did serve um as the de CISA delegate um for the board. I am uh willing to um however I am not opposed if anyone else is interested in serving in that capacity. Um right now the um notice of the annual convention is out. Um, we will need clarification because there is an error in CISA's report. Um, so it says August 4th, 2025 at 700 p.m. and they have it as a Wednesday in their official posting and it is not a Wednesday. Oh, okay.
018So 6. So if it is in fact a Wednesday or if it's actually Monday, we need to know which date. Correct. So knowing that we're looking at dates of the 4th or the 6th of August at 700 p.m. Um the meeting of the delegation is at 700 p.m. again in Tomahawk at CESA 9. I am out for either one of those dates. So, I would probably just bow out of doing any of that. That's convenient. I am also Madison at training both of those days. Okay. I'm fine. Stacy, I would like to choose to decline at this time. Okay. Okay. Mitch and I All right. I'm happy to take point if uh if someone's willing to make the nomination unless you would like it. Sir, uh it's all okay. So, for formality sake, um, can
019I I'll make an a nomination for Elicia to be the CISA delegate. Thank you, Brian. Okay. At this time, um, I will need a motion to close nominations. Make a motion to close nominations. Second. Second. Stacy wins on the tie. Okay. We have a motion on the floor by Josh, second by Stacy. All those in favor of the motion signify by stating I. I. Opposed. Then heard. Um motion carries. We'll now need a vote uh for myself, Alicia Williams, to be the CISA delegate for the Three Lakes School Board. All those in favor signify by stating I. I. Opposed. Unheard. Motion carries. Mitch, are you willing to be the alternate in case of emergency? No. Would you like a vote on that one? Yeah, I think we should. Okay. Um, I can nominate Mitch as
020the alternate CISA delegate for the Three Lake School District. Second. Do we need to close that nomination? Yep. I'll make a motion to close. I'll second. Okay. Motion by myself, second by Brian. All those in favor to close the nominations for um alternate delegate Mitch Ellis signify by stating I I I opposed. None heard. Motion carries. For the vote of Mitch Ellis to be the alternate delegate for CISA, all those in favor signify by stating I. I. I opposed. None heard. Motion carries. Thank you for bearing with us on that process. Okay. Um, next we'll move to consider approval of the personnel report of new hires and retirements. Very good. We have some new hires to report. Um Mark Busco for three legs elementary principal Matteline Suinsky for speech and language pathologist and deaf and
021heart of hearing teacher Susan Schmidt for Sugar Camp elementary second grade teacher Michelle Brown head girls basketball coach Leonard Perkins for part-time custodian and Adam Foresight for direct for um dishwasher and since Mr. Busco is with us Mr. Busco, would you like to have a few moments? Sure. He doesn't have any idea I was going to take this. Uh, I just want to say it's an honor to serve in this role uh to work with Steve and uh take over all the amazing work he's done over the years, and I'm excited to hang out with the Littles uh versus the high school. I think it's going to be an adjustment, but I'm excited. Uh the staff over there is absolutely incredible. So, I'm really looking forward to working with them and and uh kicking off
022the school year right in September. So, thank you and I appreciate uh all the support. Thank you. Um we also have a retirement. Lisa Running uh has driven school bus for us for 20 years and she will re be retiring as of June 4th. I also did have the opportunity to talk to Michelle Brown. um she was hoping to be here tonight, but it didn't work out and she wanted me to express her appreciation for hire of the um girls basketball coach and she followed up with an email to me. So, I'd just like to write read to you if it's okay with the board what she shared. Um she said she's very excited to have this opportunity to lead the girls program again. The entire group of girls as a whole has more potential
023ability and athleticism, I think, than any other group I've had a chance to work with in the last 15 years. Plus, they are all great student athletes, and they represent our community well. I can't wait to start working with them and instilling a team first concept that will bring success to all both on and off the court. And I can share that she was very pumped. So, I just thought it would be important for you to hear that. Thank you. Yeah, that's great. That program has been had its uh unfortunately had few more bumps and bruises than it needed. So, hopefully looking forward to the enthusiasm from that. So, very good. Build agreed. Any other feedback or items with regard to the personnel report? Hearing none, I would take a motion. I'll make a motion
024to approve the personnel report as presented. I'll second. We have a motion by Stacy, second by Mitch. All those in favor of the motion signify by stating I. I. I. I. Opposed and heard. Motion carries. Next, we move to June meeting dates. Our June meeting date will be scheduled for June 18th at 6:00 p.m. in Sugar Camp. Just as a reminder, we do two meetings a year at the Sugar Camp um building. And I also wanted to share with you all that that wonderful yearly evaluation is up again for me. So, um, we have generally done it as part of this meeting. Should you want to do it at a different time or a different evening, we would need to, uh, recognize that, make a motion this evening, um, to get that on the calendar
025as well. Does anyone have feedback on interest in doing a separate meeting? I personally just like knocking it all out at one. It's fine with me. Okay. If we are um accepting of having it be one meeting um because of the change in venue for the June meeting, we will still need an action item um in motion um for the meeting date being in sugar camp. I'll make a motion to have the June meeting on June 18th, 2025 at 6 p.m. in Sugar Camp. We have a motion by Stacy, second by Josh. All those in favor of the motion signify by stating I. I. I. Opposed? None heard. Motion carries. um to streamline um again being a month out um the the process and for Brian um just for your knowledge during the evaluation um
026the first year is a little rough as you haven't had um any contact or understanding of some of the inner workings but being part of the the process and the referendum gave you a little insight um into performance over the past year. Um but basically um we look at Terry's evaluation um and then add our um constructive comments to that. So um for the members of the board, if we can gather that information um between now and the June meeting, it allows the process to go a little bit more efficiently when we execute um that evaluation. Any questions on that? Okay, next we move to consider approval of prom 2026 offampus site proposal. Uh, good evening board. I'm Nolan Waltz. This is Avery Goorad and Brook Newman. We are here on behalf of the class
027of 2027 to, like President Williams said, propose a date and location for next year's prom. Our proposed location date is April 25th, 2026. We would like to host our junior prom for 2026 at the Kerski barn, which is where it was held this year. And I have been in contact with Carla, who helped organize the prom last year and is helping us organize the location for our prom next year. We have chosen this location because the Qatar skis have generously offered to let us use the space at no cost and the hosted here there this year went very well because of it being an excellent location. Any feedback? feedback is I would completely second the point that Brooks made that the prom this year was awesome in terms of decor. Um, from a principal standpoint,
028no issues uh that were negatives and from all accounts it was pretty well attended and students stayed there for a while which is not always typically the case at some of our dances. So, two thumbs up is my feedback. um truly appreciate the querskis being willing to provide that to the school. Um I was there this year. It is a beautiful venue um in a great place for our students um that's away from the school. Um so again, thank you to their family um for allowing us that opportunity to bring this forward. Any other feedback for the three of you? guys are really on top of your game. Another piece of feedback. That's pretty cool that they're here early prom. Is there anything significant with that date? Um, it's just like around the same time
029of year we've had it in previous years. It's kind of convenient before sports seasons start getting too serious, stuff like that. Okay. Thank you. Any other questions for them or feedback? Okay. Is anyone ready to make a motion? I'll make a motion to approve the request for prom 2026 to be held off campus at the Querski barn with the proposed date of August 25th, 2026. April. April. April. April. What did I say? August. Oh my gosh. April. Oh man. See, my kids say I do that all the time. I was Yeah, but you don't believe them. I know. Second. I'm thinking about warmth of August, too. All right. So, we have a motion on the floor by Stacy, second by Mitch. All those in favor of the motion signify by stating I. I. I. Opposed?
030None heard. Motion carries. Thank you to the three of you for coming in. I know it's a scary proposition to be in here. Um but it'll be that much better when you continue to attend these meetings. Thank you very much. Thank you. Yeah, whatever. Juniors. That's what I'm having a hard time. I know, right? How did that happen? No crying. No crying, Stacy. Next time. Thanks for coming. See you guys tomorrow. Have a good night. Okay. All right. Next, we'll move into um the referendum borrowing update with Baird. All right, we have Kevin Mullen here with us on site. Thank you, Kevin, for joining us this evening. He has um information that he has prepared for you. Like I said, this is kind of our our prep work to get us ready for next month
031when we do some serious decision making. So, Kevin, with that, you can have the floor. Well, great. Thanks. And again, congratulations on passing the referendum and uh thanks from welcoming me to your board meeting tonight. Um so as mentioned I put together a report and the reason for the purpose of this report is I wanted to talk with you about what the next steps are for the uh financing decisions for you as you proceed. Um next board meeting um there will be a resolution for the board to consider which is referred to as parameters resolution. At least that's my suggestion. And so I wanted to have an opportunity to talk about that with you with as a board prior to you seeing that at your next board meeting. Um so this presentation um basically touches
032on three things. The first is it's going to give you an update in terms of where interest rates are. Uh the second we're going to talk about the plan of finance and how that fits into the overall process of what you're trying to accomplish. And the third is to lay out a timeline of what needs to happen between now and the time the money um comes to fund the the project. Um so with that said, I'd like to just turn to the first page, which is um the interest rate chart. Um so when the school district uh gets ready to borrow, um because you are a public entity, a school district, and you're borrowing for public purposes, you can issue taxexempt debt. Tax exempt debt generally uh offers a lower cost of funds because the
033borrower or the investor that invests in your community, invests in the school district project does not pay interest on the uh interest income or does not pay taxes on the interest income um that you pay for the project. And so they're willing to give you a lower interest rate because they have this tax advantage to owning the bonds. It's a municipal bond, tax advantage, taxexempt municipal bond. Um, so this chart shows you where a 20-year borrowing rate for the highest rated borrowing of municipal bond that basket of AAA bonds has been for the last 30 years. So, it's the 20-year spot rate for looking back 30 years. And the reason that I wanted to show this to you is because it shows the general trend in that interest rate going down into the COVID years
034and then coming back up. And so if you were to look at the lens of interest rates just between, you know, the period of time when COVID ended and now, you would say that interest rates have gone up significantly, though they have, but from a historically low point in time. Looking back 30 years though, um we're at a very average interest rate environment right now. Um so that's the first takeaway that I'd like you you to have. The second in the box up above, uh it shows you what's happened to that interest rate over the last year. And you can see that interest rates have, you know, jumped around a little bit. They've, you know, kind of been in the range, uh right around 3 and a half to 4%. They were slightly higher um
035uh roughly a month ago and have come down. Um but there's been a lot of volatility especially in the last week around interest rates. Interest rates move um based on what's happening uh both with regard to the economy. So generally inflation and threats and uh fear of inflation are bad for interest rates because you know you're going to be issuing a fixed cost interest rate for a period of 20 years. If an investor feels that there's a lot of inflation in the economy, that erodess the value of that promise over the 20-year period of time. So, that's generally not a good condition for interest rates. Um, geopolitical uh happenings also have a big impact on that interest rate. And so generally speaking, when there are things that are unsettling in the geopolitical landscape, generally bonds
036are considered a safe investment, people, you know, move towards bonds. Um, so, you know, both of those things have been in play recently. Um, and it's created a fair amount of, uh, uncertainty and some, you know, uh, movement in interest rates. And so when we build a plan, one of the things that we want to do is to give you the flexibility to enter the bond market with flexibility um with you know to have some some decision making and some uh dexterity to make that decision as to when that timing is. So that's one of the things that we have um in the back of our mind as we're developing the plan. Any questions on that? Um I won't spend a lot of time on the second chart. If you turn that page, it takes
037the blue chart and adds a second component. Uh this pink line is actually um the 2-year Treasury investment, which is a taxable investment um or a taxable interest rate. So, uh as was alluded to earlier, when you borrow the funds, you're going to receive the money in. You'll probably work with an investment partner to reinvest that money between the time you get the bond uh proceeds and the time money is needed for construction. And so this pink line shows you generally where that reinvestment rate has been. Um recently it had been slightly higher than the borrowing rate, but that's kind of come together. Um so one of the things that we took into consideration when we were determining how much to borrow was what this relationship is. So generally speaking that interest income that you
038earn because it's taxable and you borrowed at a taxexempt rate is considered arbitrage income. It's, you know, money that you're making above that tax exempt interest cost. The federal government doesn't love the fact that we borrow at tax exempt rates and you're investing at a taxable rate. And so they have a lot of rules around how much interest you can earn during that period of time. Um, generally speaking, if you spend the money, if you borrow more than $15 million in a calendar year and you spend the money in a two-year period based on a schedule, you get to keep all that arbitrage income. And so that's one of the things that we had in mind when we built this plan. We'll talk about the plan in a minute. Um so generally speaking, looking at
039your draw schedule, we feel you can spend $17 million without hitting that arbitrage penalty comfortably. So first phase of the borrowing, we're suggesting a $17 million borrowing based on that. When the plan of finance was put together, we always assumed we would borrow two 20-year financings. The state allows you to borrow for up to 20 years. We know that this project is going to be constructed over a period of time that exceeds one year. So when the plan was put together, we assumed we would borrow a portion in 2025 for 20 years and a portion in 2026 for 20 years. So ultimately having a 21-year payback to keep the tax impact to your taxpayers down, spread that cost over a longer period of time. So we had to determine, you know, what was a reasonable
040split. We feel like, you know, with the threat of interest rates moving up, the more that we can get into this first phase of the borrowing, the better. And so we kind of dialed into that $17 million net amount as the first phase. Questions on that? So turn to the second page or third page here, which is um There we go. financing plan considerations. Um, so our goals when we put that plan of finance together, our first and foremost goal is to make sure that we hit the tax impact that was projected to the public. We said that it would be creating a 58 cent uh per thousand impact. We want to make sure that we're in a position to hit that number. Um, and then we also want to minimize your total interest cost.
041obviously, you know, put you in a position to get the lowest interest rate in the current interest rate environment um and minimize your interest rate risk uh and also give you the opportunity to maximize your reinvestment income. So, those were the kind of the four pillars, not necessarily in that order. Primarily, we want to make sure you hit your promise to the taxpayer. And then the other three pieces, we want to give that flexibility. So, in terms of minimizing your total interest cost, we suggest that you get a bond rating from a credit agency um for borrowing of this size and for the credit that you are, we think that that's worthwhile. Um, we've looked at both standard and pores and Moody's in terms of which credit agency would generally favor your location, your financial
042picture. And we feel strongly that Moody's would probably be a better direction than standard pores for a few different reasons. We put, you know, your credit into the metrics for both Moody's and standard cores to get like kind of a a good guesstimate as to where that credit rating would come in. and we feel like Moody's is going to give you the best path. So, we've actually started the process of reaching out to Moody's for that credit rating. We talked about the 20 year 21-year repayment structure. And then in phase one, we're suggesting $17 million uh of the total uh 20 or 21.6 that's been issued. Um so that'll allow us to begin investing the funds early. Um, the current interest rate, conservatively, slightly conservatively, is estimated to be 4.93% for that $17 million borrowed
043over a 20-year period of time, which is below the estimate that we had talked about during the um referendum process. We also assumed that the second phase of the borrowing would be borrowed at 5 and a quarter% because that's, you know, further out. So, we when we did the plan for the referendum, we had it split more evenly. I think we had uh 11.6 in the first phase and 10 million in the second phase. By moving more of it into the first phase, I think that that is one of those things that could, you know, guard against interest rates continuing to move up. So I I like that from my standpoint in terms of how that looks and feels. Um we also talk about a parameters resolution. So a parameters, the board can approve the
044bond sale in two different ways. Um, one way and kind of the more traditional way maybe, you know, 10 years ago was that we would schedule the bond sale to occur on the same date and time as a regularly scheduled board meeting. The bonds would be sold in the morning and then approved by the board in the evening. Works great because everyone gets the information on the bond sale at the same time. What doesn't work great is that, you know, a month and a half from the time that you're selling bonds, you pick the date and time when you're going to be selling those bonds. If things move, it doesn't give you much flexibility. So, we've suggested most school districts and other issuers switch to a parameters resolution. So, a parameters resolution is a resolution
045that describes generally what the bond issue will look like with amounts and interest rates and costs not to exceed. That's the type of resolution that you would be considering at your next board meeting. Then subsequent to that authorization, as soon as you're ready, you would have the authority to begin marketing the bonds. If the bonds could be marketed as described in the parameters resolution, you would have the authority to move forward with that sale. the school board um superintendent, board president would have the ability to sign off on those details and then report back to you that it met the parameters that were described. So that gives you a lot more flexibility. So that's another one of those tools when we talk about giving flexibility in terms of timing and entering the bond market. So
046I'll stop there for a second. That's a lot to absorb, but that's what the parameters resolution is. And then we would probably do exactly the same thing roughly early in January of next year, closing around March to then start that second 20-year borrowing for the 4.6 million, which is the balance of the project. Um, so we could have moved it all into this year, but that would have constricted everything into a 20-year borrowing as opposed to a 21-year borrowing, which would have put pressure on that 58 cent piece. But I also think we would have had trouble spending all that within the two-year parameters or within that two-year window, which only means that we'd give back the arbitrage income. But if we don't need to, yeah, I think that it's a good strategy. Um, and
047we have tools and you know, there you know, strategies that we can use next year if interest rates are significantly different than this year that still, you know, I think would leave us enough comfort to still follow through on the tax impact projection that we talked about. Um, so in terms of looking at your credit rating, we think that you'd probably end up in the double A3 to A1 credit category. Um, I'm guessing probably A1. Um, just, you know, given um your local economy being strong, your financials are really, really good. Um, but you're a relatively small school district, you can't change who you are. And that, you know, is one of the things that, um, is a slight drag on the credit quality, just absolute science. Um, but A1 is a very good rating
048and I think that's generally where we'll end up. Um, plan of finance assumes a 1 and a.5% growth in actual value each year, fair market value. You've had growth that's been much higher than that recently. But your growth in value has been very much much more inflationary growth than real growth. So when you look at like new stuff, real value, that value growth has been more like one and a half to 2%. So we just assume that one and a half%. So your payments go up slightly each year to accommodate that future growth. Um and so you know our hope is that the the tax impact is steady throughout. If you have growth that's higher than one and a half% your tax rate will actually go down. Um but if it's all inflationary growth you
049know the real field will be the same but not you know I think 58 cents is still very reasonable. So, next page is the numbers page. Just laying it out in terms of what that looks like with both phases rolled in together, assuming five and a quarter% for that second financing piece. Um, you can see if we have the $17 million locked in at 4.93 plus that uh second leg at 5 and a quarter%. Our target is still the 50, you know, right now it would be 57 cents but below that 58 cent per thousand that we had targeted to taxpayers. And so that's the goal. And then the last page and then I'll stop talking, promise. Um is the timeline in terms of what needs to happen. And you can see I've highlighted in
050yellow the two board and then really tonight's not an action uh item other than you know a general understanding of the plan and finance questions and then an acknowledgement or you know an okay to move forward with that. But then the real action item for the board would be at the 18th board meeting where the board would have a parameters resolution to consider. All the other pieces are really, you know, pieces where the administrative team, Jacob, Terry, and I, uh, and Baird would be working through the process of getting the financing ready to go, working with the attorneys, working with credit agencies, and getting the issue out to investors. So the goal would be to have funds in year end the first week of July for that first phase. So a lot of information. Um
051I didn't want to drop it all on you in June. So any questions as you digest it? That that tax-free rate of 49 seems a little high. I've seen rates as low as 42 pretty recently within the last month or as high as five and a quarter. Um how confident are you that 49 is confident? So, you know, that's uh when we put this together roughly a week ago, you know, that was had probably 30 basis points, you know, 463 compared to a 493 of cushion in it. Probably given up 10 basis points of that this week. Um part of it is is that you know when you look at that 17 million it's the average life of that is probably 12 to 14 years you know so it's a little longer um so you
052know that is really where the current market is for an insured A1 borrowing right now um feel very confident about that slightly conservative but not a lot conservative so you know the shorter the shorter the maturity the lower the interest rate the higher the credit quality to lower the interest rate. So this is assuming an A1 borrowing wrapped with bond insurance for double A rating and then the arbitrage rate that we could figure are we using like the LGIP rate or what would we be? So we haven't used a rate yet. Um but generally speaking that's probably in the high 3% range right now in terms of that reinvestment. Okay. for a two-year Treasury. And that's really not my domain, but you know, that's roughly what we've seen with uh bond issues that have been
053closing recently. I'm sorry to ask a bunch of qu. Is there is there any uh you you've laid it out pretty well. I'm I'm a banker. I mean that's um is there is there any um is there would there be any benefit to break up that 17 million into smaller chunks? Obviously you're we're playing an interest rate hedge right now counting that the interest rates are going to rise but the the income that we could save from borrowing would off I mean the arbitrage is not going to be that great even if there is an arbitrage at that point. Um it is can you walk us through that? Is is that a possibility? Yeah. So um the reason you know when you borrow like $17 million there's you know the cost of the rating bond
054uh the um uh bond council cost and the cost of disclosure council plus the underwriting cost. So those are the you know costs that are embedded in there. So, you know, we could do you could do a smaller loan that you know, you do a little bit in June, you do a little bit in, you know, December, you know, and just kind of chunk it out that way. Um, and then, you know, obviously that cuts down on the borrowing cost. Um, but then you're also, you know, those fixed costs. You're kind of having those fixed costs each time that occurs. Um, that's one aspect of it. really I think the 17 million getting that in the door right now even though you know we're we may not be earning exactly what the um uh cost
055of borrowing is because we're investing in two two years and you know borrowing for 20 everything that we earn can be used for the project and so it's a way to you know make sure that you know we've got enough funds uh for you know what is really a remodeling project. And if you know at the end of the project um you can either use that additional investment income to reduce the borrowing cost or to you know make sure that you get everything you want in the project. And so we've seen most school districts use that as a component of the project cost. And really yeah I think there's a benefit to doing more now as opposed to later. Okay. That makes sense because you're adding the 3% on the 17 million at a little
056and then that gets set aside and then reinvested into the project. And that 4.93% also includes you know we've included in that all the costs uh involved in the financing as like the all-in interest cost. Um and so you know rates that you may be seeing may be for just like traded investments that wouldn't necessarily reflect you know the original cost Any other questions, feedback? Terry, if we start drawing right away, I mean, if we if we start this in July, I mean, we are we to a point where We will be because we're already we'll be ready to go. We already will have bills. We already have the design process going on. Um the architects getting all of that in order. We should have that finalized for sure by October. So it would be
057right on schedule. It' be perfect timing. Actually, the other thing that I really like that Kevin was able to do in talking with Kevin and uh with Caleb and I is when you look back on page six, it was really important to us that we stayed at that rate of the 58 cents mill or less as we had promised to our public. And that I think is extremely important with our credibility to go ahead and make sure that we're living to the words that we put out there. So for the return in June for the meeting, will there be an update based on the current climate interest climate at the times on top of will there be additional information with regard to the parameters, resolution, and the expectation. Yep. So, actually in, you know, assuming
058that you're comfortable with moving forward with that timeline in June, we would have the parameters resolution pulled together. We'd likely have the credit rating at hand at that point in time. So, we'd actually be in a position to go into the bond market probably within a week or two of that decision. Um but I al also you know did not want it feels maybe like hey we just passed in April and here we are in you know May we're talking about you know what next steps are. Um I didn't want that parameters resolution to be the first thing that you saw in terms of what that information looked like. This is a completely separate question. Is there any impact to the volume of districts across the state who are going through this same process? Yeah.
059Uh in terms of investor appetite for the bonds, we've seen, you know, so thankfully, you know, these bonds are marketed not just here in Wisconsin, although, you know, we will offer them to, you know, local investors, local banks, banks, um, you know, will be probably part of, uh, the investment community that's interested in them. Um but it's also a national product and so you know there are mostly most buyers of municipal bonds especially above $10 million um are insurance companies and trust funds um that are buying nationally. And so you know they're looking at Wisconsin paper compared to other um pieces. So it's not necessarily just Wisconsin that we're keeping an eye on. There has been a lot of general municipal issuance nationally, but you know, it's not unusual, not you know, something where people
060are like, you know, stepping back from Wisconsin investments because there's a lot of them available. Any other questions? Um, really appreciate you coming in and offering information and answering our questions. My pleasure and great questions. Thanks. appreciate that. Thank you, Kevin. I'm sure you and Caleb will be talking very, very soon. Sounds good. Thanks. Have a good night. You, too. Okay. Um, next we'll move to consider approval of open enrollment applications. Every year at this meeting we have to come bring forward the open enrollment applications and share with the board what has been approved and what has been denied. Um this year there was 13 total applications. We have approved 11 and denied two. Um I have some information there for you because historically there has been an ask. Um there are let's see here
061my numbers through there but there are some that are new and there are some that are reapplications in the outgoing you will see that there um is one applying to Northland Pines and four applying to Rylander and I can't give you specific reasons as to why the outgoings are what they are um but we've watched this every year and historically it's family choice it's preference of daycare it's preference of a parent working there. Um so that is what is actually more of the motivator than you know ending a relationship with the district. Those were well aware of and we don't have anything reflected in this. Um like we looked at the beginning 11 are new. Remember this these numbers are very fluid. Um I would say by the start of school we will probably have
062a few more coming in. I would not expect that we would have more going out. Generally, we know what the path is, but sometimes there's a move in the family and that warrants it as well. Uh Caleb, did you want to share anything about the ratio in to out? Yeah. Uh we actually just got the uh data from uh this year and um here. So coming out the final out was um 77.6 students. So 78 total students and then um or sorry coming in with 78 students and going out with 66. And that'll end up um being a net positive about $100,000 for us which is above what we've been doing the last few years. So positive news there. Several of our open enrollment applications are for 4K. So again, when they start with us
063early, they stick with us. Um just a question. Um, so based on the the names of the denial and the accepted, is there a familial concern with we accepted one and denied the other child? Well, or is that a coinc? Because last name connection. Let me see what you So, for Three Lakes High School, what we have to do is base it on um if it's a special ed request and we don't have room within the program. That's what bases that denial. Carrie, is that that's correct? Yes, there was one that was a a sibling and that was explained to the parent. So, my question is, do we lose the high school student because of the denial for the incoming trial. I guess that's apparent decision based on that. I just didn't know if we
064had knowledge on that yet. The same question. Yeah, there was communication with the parent in explaining the process and I'm not sure where the decision was going to land. And we have had split situations before. Yeah, if we can make it happen, we can't we we do, but when we in January look at our programming um placement availability, we have some pretty strict guidelines that we have to go with. Absolutely. Any further questions or followup? Um, hearing none, I would take a motion when ready. I'll make a motion to approve the open enrollment applications that meet the criteria as presented. I'll second. We have a motion on the floor by Stacy, second by Mitch. All those in favor of the motion signify by stating I I I opposed. None heard. Motion carries. Okay. And next
065we move to consider approval of salaries and contracts for district staff including busing contracts for the 2026 school year. I think you're um familiar with what we do. We really watch closely um several factors when we're looking at um salary projections. Among those are what we have budgeted for and when we do our referendum which we passed we look at that 2% to 3% range. We like to try to stay within that. during COVID years. Um there was quite a bit of flexibility and volatility within there that we you know reflected at that time um to keep staffing to make sure that things were being done right. there was a big push for, you know, people big borrowing and stealing other other staff members and we really like the continuity of having a strong team
066here and that's really important to the board as well as to the administration and the community. Looking at where we are at, we felt we had to stick with the 2% increase with the planning. Um, also we've been getting our insurance projections right along and we have been running higher at a higher loss rate throughout the entire year. So that is something that will factor in when they finally get to us what those costs are going to be. We don't foresee that going down a lot which is going to chew into the overall budget. So we have to be very cognizant of that as well. Um, I would say also to share with you we are a very generously paying district. I always go on record in saying we don't want to be apologetic for
067that. We truly believe you invest in the best and the highest quality. But what that also means, if you're not part of the best or part of the highest quality, then we have to make sure that we're doing things to invest in those teachers or and staff, I should say, or help them move on because we have made a commitment to our public through their referendum support and what we do that we are presenting the very best, highest qualified um instructors and making sure our students get the best education that is at all possible out there. Um those are some of the three or four bigger considerations that I want you to keep in mind with this. Um Caleb, did you want to share anything as well as what we've talked about? Um just I
068would I would emphasize the um health insurance aspect of it. We're in a unique situation with a 91 renewal. So we're kind of always the last to most districts renew on 71. So we're always kind of like the last one to get our renewal there. So it would be nice to have those numbers before we start talking about compensation, but unfortunately it's just not an option for us. Um and then the other thing is remember we're still on the step and lane system here. So while it might be just a 2% increase when when you factor in those step and lane movements, most staff's looking at a four or 5% increase. Exactly. Thank you for remembering to mention that. And then we if we've had staff members who have actually completed programs, credits, they even
069see a more significant step up than um the the basic rate. So we feel that um we are meeting and exceeding what other districts are able to offer around us and proud to do so, but have to also be very aware of living within our budget. Has has there been conversation with the staff at the expected percentage? Uh not in recent months. Um there is an understanding I can say that we stick very closely with our rates that we put in the referendum. That's understood. Um, I wouldn't expect that they would you'd be looking for more of a higher increase because of the step in the lane, but I have not had a recent conversation with them in the last I would say last two to three months because overall the percentage comes in below
070the CPI. Yes. However, the CPI is on the decline as far as what it would be January 1st, 2026. So um I was just curious if there had been any feedback on and the CPI is total bargaining which we don't have a bargaining group here. We try to reflect that but also I believe that we have to include the benefits portion in that as well and if we wanted to go very closely to that our insurance could knock us right out of the even 2% increase. That is my concern. I know it's a lot of work. Have we ever talked about trying to switch from a 91 to a 71? It's Yeah, it's absolutely possible. We could just do a short renewal when we do our 91. And I if you give me the go-ahhead
071to do that, I would love to take that on. I mean, if it's I mean, it could benefit everybody. We've been talking with them since January. Yep. Yep. all for that. I know it's I know it's a little extra work, but but it might help to uh solidify our budget a little bit more. Yeah. and I brought it up and it's it's absolutely something Terry if we wanted to entertain that moving forward is that I mean is that just part of your discussions with the renewal process or do you need any sort of approval from us or I think we just from what we've gathered information wise in the past that we could just move to that It would mean a change for the staff. We'd have to educate them and inform them how that
072would, you know, look differently. The issue is is that deductible. You lose three months of when you meet that deductible. Mhm. You kind of lose that three months for everything. Any questions follow up on this hearing? None. Is anyone ready to make a motion? I will make a motion to approve the 2% increase of district staff salaries including busing contracts for the 2025 2026 school year as presented. Second. We have a motion on the floor by Mitch, second by Josh. All those in favor of the motion signify by stating I. I opposed. None heard. As always, Caleb, thank you for the work and putting that schedule together. Okay, we are moving past each into I. We'll next go to school forest camp 3 update report. All right. Um, if you've driven by, we have some
073wonderful work that's been accomplished. Thank you to Pitlick and Wick. And um it's beautiful to see the gravel down and the the grass poking up through the sides. It looks like it's ready or very close to ready to go. So, we are excited about that. Uh since we last met, we did have the hearing on um let's see when that was. That was Thursday last week. And um both Alicia and Mitch were there. Um what we learned was that um our judge heard both sides of the case again and the public argument and he voted he denied the um plaintiff's summary request and he also went ahead and um granted that three lakes based on the factual information um he granted full summary of judgment to us and speaking with um our attorney Ron Stadley
074following up, he said that he wanted me to share this with you. Um that the circuit court denied the plaintiff's motion and granted in favor of the district, finding there is nothing in Wisconsin law that prohibits a district from owning or operating a trap shooting range on school forest property. Both sides argued about whether a school must expel a student for having a gun on school grounds, but the judge stated that he did not um need to resolve that issue to rule whether or not the district could have a trap range. While the court did not rule on that issue, we had argued and continue to believe that there is no requirement that a student be expelled for conduct that has been approved by the district. The conversation actually got quite deep when the um
075judge was making his ruling and um he pretty much reiterated when comments were made that well if there's not guidance on what you can do with your property then you could put up a bus barn or you could do other kinds of development and he said it's your property you could do that. So, with that, I'd like Alicia or Mitch to share your thoughts as to the outcome of the um hearing. Um, first I guess from my opinion, um, this was before I was even on the board, but the amount of work and at some level heartache that went into fighting this battle, um, for a significant period of time, um, I think it was a big big win um, for the school district of Three Lakes as as well as our citizens who have
076waited um, for this resolution to come forward. Um, one of the things that the judge highlighted is that in the statute there are broad powers um by um the board um for the district and that's why the individuals on this board are elected um in Three Lakes to make those decisions. um and his intention was to keep that um power and control um in the board of education um versus making a ruling that would essentially um limit our powers of what we can do with property that is owned by the district. Um so again, appreciate all of the work um especially by Terry and Mr. Stadler that has gone in um to years of of fighting this battle. Um, I think it was a big big win for Three Lakes. I think it was a
077big win for the state. I mean, there's other districts that are looking at the same issue and Three Lakes didn't back down and wonderful. Yeah, as I had said, I appreciated the board's um direction and stamina because it does hit a point where you almost hit that fatigue of continuing forward when you come up with the same arguments. Um, I think we had very fine representation by u, Mr. Stad Stadler and his other attorney there, Don, and um, felt like they did a great job of supporting us. Um, they're still with us. We are waiting to hear what that final um, summary written by the judge is. We haven't received it yet, but we will be sharing that when we do receive that as well. right now. I would also remind the um board that
078our plans are not to develop that as a trap range. We are looking forward. We have been generously um given acceptance by you know the um all sagers and continue to pursue that path. But we also were very conscientious about we had to act within the school board authority powers and we can't necessarily speak for what another board in the future may choose to do should it not be us. So I thank all of you for your your guidance on this one. Um pardon the pun but we are not necessarily out of the woods yet. Um there is a chance possibility that they could choose to go to the appellet court um for a different decision. Um we won't know that until after the summary of judgment is signed by the judge. So both parties
079have to agree to that summary. It will be signed by the judge and then they will have an opportunity to appeal the ruling at the circuit court. I guess that being said, you know, just to hammer home what what Terry mentioned also that we have no plans at this time to develop that into a trap range. So whether that makes a decision or helps a decision on that depending on how that comes out at this time, I think that's a big part of public knowledge. Mhm. I guess just a quick edit on this. In the administrative content, it says May Thursday, May 21st. That was actually Thursday, May 14th. Yes, you're right. That's what threw me. Thank you, Josh. on this topic before we move on. Is it wise then to wait for the summary
080judgement to be received and to see whether or not there is any sort of appeal or both parties agree on it before we start to do minor things like connecting trails from the parking lot to the existing trail system etc. Or is it free to go on those things right now? Not not creating traffic range, but yeah, making the trails link up with what we've already exist the existing trails that were already out there from where the parking lot is now is the next project in the back of my mind for making it accessible in the fall for school children because we'll have a place to park the bus now. Exactly. and that development of the parking lot was such a project. Um, provided that we're not filling in wetlands or doing anything of that
081nature. We are not even developing a trap range, which is what this ruling said. But it is our property that we can be used as I would advise. We do not want to be doing any kind of moving of earth and dirt that we would potentially be infringing on wetland. We know our wetland areas pretty well and cutting trails or working within those parameters, I think we're absolutely fine to move forward. Be only with a steel chain. And the guidance from Mr. Stadler was that um with the trap range off of the table. The intent of this is to allow our staff and students to be using this as an educational area and that's the priority. So those projects should they should continue. Very good. Any other feedback? Great. It's been heavy. Let's get into
082district related positive happenings. Not everybody all at once. I uh speaking of trees and forest, um we we visited trees for tomorrow on Monday and uh it was it was a really neat experience. These kids got a chance to um do some environmental education, fit in well with our current curriculum. Um had a chance to, you know, see some animals, talk about some animals, talk about their habitats and how that works into uh the curriculum that they're currently working on, different trees, different tree types. Um so it it was a good experience. I I've never been there before, but I really enjoyed the class and I thought uh it was a really well done well done show. So, uh, also district happenings. I'm getting into the high school a little bit here, but, uh, I
083don't know if you knew this already, but last night, um, our girls softball team secured a conference championship outright, beating Leon Hino two games in a row. Uh, our boys track team also won conference last night in the track meet that we hosted. And coming up, um, our boys baseball team still has a shot. If Cranon beats uh Florence, we would have a three-way tie for a championship. So, things are going well. I just have one um the running club that Mr. Waltz and others started culminated I think Monday, right? But the the fun run. So, I I was talking to Jeff this morning. study had 32 students who participated in that ranging from I think there was a kindergarten student all the way up. Um I've watched that a few times. Kids were engaged,
084happy, and active out there and a lot of our staff helped out with that over those several weeks that that ran. So, it's really successful. That was uh super great that Jeff and people got that going because my daughter was hard to get off the couch and I mean that's all she talked about. It was the biggest thing she had going. So it was super nice that they did that for him. I can go. I got a busy couple weeks and then it's going to get busier in the next two. So uh we had our elementary spring concert. We had a junior high concert where sixth grade was involved in that on Monday. Uh, sixth grade also took a tour uh last week Thursday um before the rehearsal along with three legs tour um to
085the junior high to kind of see lockers and classrooms and stuff like that. Um we also kind of try to get the sixth grade groups together and we did a trip to the Pawatami Center. So, we played basketball, swimming, soccer, video games, all kind of stuff just to kind of unite the two groups um to prepare for next year. So, uh the SEO color run was two weekends ago. They raised over $8,000 um which will be used well for field trips and stuff like this. Um fourth grade went to Madison and Tree Haven as well. And then kind of following with Steve, we you guys, most of you know Mrs. the mo she always did the mile walk or fuel up to play 60. Um we kept that going and this year we walked over
0862,000 miles as a school. So we had our kind of end of the year raffle and we gave away a bunch of footballs and mini helmets and stuff like that. So I think that's it. Uh high school wise we had the YBS survey uh is all completed. I know there was certainly on my part of being able to get it done in the timeline in which we started the process this school year, but it's done in the books. Students have completed that. That's a good thing. Um, as the guys mentioned, uh, spring concert, performing arts have been busy since since our last meeting. Spring concert, uh, just happened this week. Uh, junior high high school. Uh, it was fantastic performance. Uh, good stuff. Uh, the drama club had their presentation end of April. uh that
087went well. State Soul Ensemble happened. We had a lot of great uh results there. And large group festival, we host that here every year and that went uh well um here and it's it's always a a major thing to pull off, but we're going to continue to do it because in talking with the Northern Lights conference principles Monday morning, nobody else has the facility to do it and in that our little crew. So, we'll keep on doing that. Um, ACT preliminary results are are in. They're they're embargoed yet. We're not supposed to share them publicly, so I can't speak to specifics. I'll give you a more official report with the data later. But uh, this principal is relatively happy uh, with the results we've received so far. And I want to point out uh, a
088really good thing. Typically, we get results uh, for our composite scores and all the specific subjects right away. And then shortly thereafter, we get the results from students who have accommodations approved for them. And in most places, in most years, you see a significant drop in your overall scores after the second round of scores are reported. And I'm happy to report this reflects very favorably, Mrs. Vulk, on the uh programming we have in place for our students with accommodations because it did not see a significant drop. So the the second score, the overall score is real similar to what it was originally reported. It's it's as tight as I've ever seen it anywhere. Um so that's really good. Really really reflects well on some of our 504s and IEPs and things like that. So uh
089good work there. Um uh last but certainly not least, uh our senior awards and scholarship night happened last week, Wednesday. um happy proud to to report $169,850 of scholarship support locally was uh shared with our senior class. So that's a huge number for a school our size for sure. That doesn't count the scholarships that kids are getting at their institutions or or colleges of choice. That's that's the local stuff, folks. So big deal. Uh I thank the community a lot in that program and I'd like to do that at the board level, too, for sure. Um that's That's a lot of community support for uh as we know who have kids in college. It's well needed. Postsecary education is not cheap. So, thank you to the community for that. Just to follow up, out of
090curiosity, was there any um adverse feedback um from the community or parents on the YBRS? YBS, I received none. Mr. Bach indicated that there was one or two students who opted out that I'm aware of. a junior high. Okay. But otherwise, nothing outside of the off. No. Okay. Because that has been an issue in the past about doing that survey. So, yes. Okay. That's not to say we couldn't get some tomorrow because it was fairly recently that kids took it, you know. And of the two in the junior high, what's that? One of those students, uh, the parent opts them out of most of those. Not just YBS but many any kind of testing stuff. So okay news is good news sometimes. Okay. Any other feedback? Okay. Um, if there are none, um, we'll move
091into WB correspondents and updates. Um, I put an admin content, uh, link for you. Uh, we haven't done this for a while, but I thought it would be nice if in the next couple of weeks, um, actually before June 30th, if you could go ahead and fill that out. And for someone like you, Brian, who's brand new, you're not going to be able to answer a lot of the questions or you're going to, you know, be at the very baseline. But I think it's really important that we get it done and then we start having some data to go forward comparing to where our strengths are, where we maybe are a little heavier stacked with our our knowledge and abilities and maybe some areas that we want to look at for future development. So, um,
092take a look at it. Uh, if you have any questions, please reach out to Nikki or I and we can help give you a little bit of guidance, but it's actually a matter of just getting into it and giving it a try. Okay. Okay. Anything else? All right. Next, we will move to adjourn to executive session pursuant to Wisconsin statute 19.85 85 sub1 subc to consider employment, promotion, compensation or performance evaluation data of any public employee over which the governmental body has jurisdiction or exercises responsibility specifically to consider individual staff contracts, hiring and or resignation, retirement of staff. When ready, I would take a motion from the floor. I'll make a motion to adjourn to executive session pursuant to Wisconsin stats 19.851c. Is that right? Mitch. Okay, we have a motion to adjourn to executive
093session by Josh, second by Mitch. All those in favor of the motion signify by stating I. I. I. opposed. None heard. Motion carries. Thank you for everyone for coming tonight.