NEW BREMEN LOCAL SCHOOL DISTRICT
Board of Education Agenda
Tuesday, October 9, 2018
7:00 a.m.

I.  Call to Order: Mr. Cory Suchland, President
II.  Roll Call of Board Members: Mrs. Jill Ahlers, Treasurer
      
Bambauer _____ Bertke _____ Busse _____ Suchland _____ Wells _____

Each Board Member should indicate verbally that each had received proper notice of the Special Board Meeting.  The Treasurer should note same in the minutes:

Bambauer _____ Bertke _____ Busse _____ Suchland _____ Wells _____

III.	Public Participation At Board Meetings: (Board Policy 1.15)
A.  Request to be made in writing in advance of the meeting
B.  Limited to 15 minutes per board meeting unless waived by the majority of the Board
C.  Presentations by:
	1.	

IV.	New Business:
A. Resolution

APPROVING COMMERCIAL SURETY GENERAL INDEMNITY AGREEMENT INCLUDING ADDENDUM TO GENERAL INDEMNITY AGREEMENT BETWEEN THE BOARD OF EDUCATION OF THE NEW BREMEN LOCAL SCHOOL DISTRICT AND RLI INSURANCE COMPANY, AND THE PERFORMANCE BOND BETWEEN THE BOARD OF EDUCATION OF THE NEW BREMEN LOCAL SCHOOL DISTRICT AND RLI INSURANCE COMPANY

The Superintendent recommends approval of the Commercial Surety General Indemnity Agreement including Addendum to the General Indemnity Agreement between the Board of Education of the New Bremen Local School District (the “Board”) and RLI Insurance Company (attached hereto as Exhibit A) and the Performance Bond between the Board and RLI Insurance Company (attached hereto as Exhibit B).

Rationale:
1.	The Board is engaged in a capital improvements program to build a new PK-8 school building (“New School”), which is being constructed in partnership with the Ohio Facilities Construction Commission (the OFCC) as a Classroom Facilities Assistance Program project (the “Project”).

2.	As part of the Project, the Board entered into the Exchange Agreement with Crown Equipment Corporation (“Crown”) dated June 20, 2018 under which the Board and Crown will exchange certain real property.
3.	Under Section 5(b) of the Exchange Agreement, the Board is required to provide Crown a surety bond (the “Surety Bond”) under which a surety company guarantees completion of the Demolition Work (as defined in the Exchange Agreement), which cost for such Demolition Work is based on the Project Agreement between the Board and the Ohio Facilities Construction Commission effective October 6, 2017.
4.	The Board wishes to approve the Commercial Surety General Indemnity Agreement including Addendum to the General Indemnity Agreement and the related Performance Bond.
The Board of Education of the New Bremen Local School District resolves as follows:
1.	The Treasurer, the Superintendent, and the Board President, or any of them individually, are authorized to execute on behalf of the Board the attached Performance Bond and Commercial Surety General Indemnity Agreement including the Addendum to the General Indemnity Agreement. Further, the Treasurer, Superintendent and the Board President, or any of them individually, are authorized to execute any other documents necessary in order to effectuate these documents or to effect any non-material change to these documents.

2.	The Board hereby ratifies and confirms all prior actions taken consistent with and related to the Commercial Surety General Indemnity Agreement including Addendum to the General Indemnity Agreement and Performance Bond.

Motion by: ___________________, second by: ________________________ that the board approve the items of resolution as presented.

Roll Call:
Bambauer _____ Bertke _____ Busse _____ Suchland _____ Wells _____

VIII.	Adjournment:

Action Taken:
  Motion: __________  Second: ___________ Vote: ________ Time: ______