Title: Annual Election of Officers of the Palm Beach School Board Leasing Corp

Recommendation:

I recommend the Palm Beach School Board Leasing Corp consider the annual election of officers.

Description:

The Palm Beach School Board Leasing Corp is a Florida not-for-profit corporation that has as its sole member the School Board of Palm Beach County, Florida.  The corporation facilitates the School District’s lease purchase financing of school facilities, commonly referred to as COPs (or Certificates of Participation).

The bylaws of the Leasing Corp require an annual meeting of the Board of Directors to elect corporate officers.  Palm Beach School Board Members or School District Staff may be elected to serve as officers.

 The Current Officers are as follows:

      President                      Thomas Lynch, School Board Chairman

      Vice President              William Graham, School Board Vice-Chairman

      Secretary                      Dr. Art Johnson, Superintendent

       Assistant Secretary       Joseph Moore, Chief Operating Officer

       Treasurer                      Leanne Evans, Treasurer

The Proposed Officers are as follows:

       President                     William Graham, School Board Chairman

       Vice President             Dr. Monroe Benaim, School Board Vice-Chairman

       Secretary                    Dr. Art Johnson, Superintendent

       Assistant Secretary     Joseph Moore, Chief Operating Officer

       Treasurer                    Leanne Evans, Treasurer

Financial Impact:
There is no financial impact.

For Additional Information, contact:

Joseph M. Moore (moorej@palmbeach.k12.fl.us)

Michael J. Burke (burkem@palmbeach.k12.fl.us) 

Leanne Evans (evansl@palmbeach.k12.fl.us)