The New Bremen Local Board of Education met in special session at 7:00 a.m. in the Community Room.

Roll Call:  Mrs. Michele Bambauer, Mr. Scott Bertke, Mr. Cory Suchland, and Mrs. Suzanne Wells. Also present were Superintendent Jason Schrader and Treasurer Jill Ahlers.  , Mrs. Shelly Busse was absent.

Each Board Member indicated verbally that each had received proper notice of the special board meeting.  

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.

18-66		Motion by Wells second by Suchland that the board approve the resolution as presented. Upon the call of the roll, the vote was as follows: Bambauer, yes; Bertke, yes; Suchland, yes; Wells, yes. Motion Carried.

18-67	         Motion by Bambauer, second by Bertke to adjourn the meeting at 7:09 a.m. Motion carried unanimously.

				
			President							Treasurer