MINUTES OF THE MARGARETTA BOARD OF EDUCATION (BOE) WORK SESSION OF MAY 23, 2024.

The Margaretta BOE met in a special work session at 7:00 p.m. on Thursday, May 23, 2024 at the Margaretta Elementary School, 5906 Bogart Road, Castalia, Ohio. All five Board members were present.

Mrs. Tucker, Mrs. Keegan, and Mr. Kurt covered the following informational topics:

Mrs. Angie Tucker, Board President, welcomed our guests

Mr. Edward Kurt, Superintendent covered the following topics:
-	Margaretta Local Schools will have an Emergency Levy (Renewal) on the Ballot in November - no new taxes - holds tax levels where they are - NEXUS responsibility remains the same.

-	Timetable Regarding Our New PK-12 Facility

-	Tax Commissioner/Nexus negotiated a settlement

-	Ground Breaking

-	Settlement Agreement Appealed - Lorain County Auditor

-	Oral Arguments Ohio Supreme Court

-	No ruling from the Ohio Supreme Court as of today

June, 2022

July 11, 2022

September 13, 2022

October 24, 2023

Mrs. Diane Keegan, Treasurer, covered the following financial overview: -	Over 2 year delay

-	Cost of the construction and the financing of the project has Increased

-	Need OFCC 38% share of the project locked in

-	Looking for a possible bond issue in November 2024 or May 2025 to allow us to move forward if Settlement of Nexus Agreement is not in place

Mrs. Angie Tucker, did closing remarks

Adjourned at 7:45 p.m.

Next BOE Regular Meeting is scheduled for June 24, 2024 at 6:30pm at The Margaretta Board of Education office, 305 S. Washington St. Castalia, Oh 44824

Respectfully Submitted

_________________________ Angie Tucker
Board President

______________________ Diane Keegan
Treasurer

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