12 PUBLIC NOTICES

112009_PT_ 11/18/09 2:37 PM Page 12

12 ? Vermillion Plain Talk ? November 20? 2009

PUBLIC NOTICES



Reporting Month: October 2009

FINANCIAL REPORT TO THE SCHOOL BOARD FROM THE BUSINESS MANAGER

VERMILLION SCHOOL DISTRICT #13-1

General

Capital

Special Ed

Pension

Bond

After School Food Service

Fund Outlay Fund

Fund

Fund

Red. Fund

Program

Fund

Internal Service Fund

T&A Fund

Beginning Cash Balance Local Sources

Taxes Other Local County Sources State Sources Federal Sources Grants IDEA Stimulus ARRA Dollars Miscellaneous NSF Checks Reversed

1,789,046.83

96,947.52 10,533.20 11,186.24 312,331.00

7,499.29

911,825.86 18,343.67

17.89

215,039.25 8,681.45 8.46

21,091.00

59,292.00

480,925.65 1,834.36 1.78

262,894.74 3,917.30 3.81

14,649.27 8,663.50

179,496.50 40,056.18

373.50

24,272.23

(80.00)

36,565.92

34,580.78 9,374.49

TOTAL RECEIPTS Claims Payroll

TOTAL DISBURSEMENTS Transfers/Voided Check

438,497.25 121,659.67 545,109.92 666,769.59

18,361.56 155,869.00

155,869.00

89,072.91 33,882.47 89,119.85 123,002.32

1,836.14

3,921.11

9,037.00 5,203.23 4,626.00 9,829.23

64,248.41 63,846.10

63,846.10 (116.10)

9,374.49 8,340.31

8,340.31 116.10

Other Financing Sources Ending Cash Balance

Bank Accounts: Checking Savings Certificates of Deposit CDARS Program

1,560,774.49

(1,659,252.20) 3,220,026.69

774,318.42 774,318.42

181,109.84 181,109.84

482,761.79 482,761.79

266,815.85 266,815.85

13,857.04

8,857.04 5,000.00

179,782.71 179,782.71

36,565.92 36,565.92

35,731.06 35,731.06

MINUTES OF THE

VERMILLION SCHOOL

BOARD

Regular Meeting

Unapproved Minutes

November 9, 2009

VERMILLION PUBLIC

SCHOOLS

Board members present:

Bottolfson, Girard, Fairholm,

Lavin, Stammer.

Presiding officer present:

Bottolfson-president.

Officer present: Beermann-

business manager.

Administrators present: Froke-

superintendent, Johnson-elemen-

tary principal/director of instruc-

tion, Upward-elementary princi-

pal, Cameron-high school princi-

pal.

School attorney present:

McCulloch.

Item #1-810

Motion by Girard, seconded by

Stammer, to approve the agenda as

presented with the following addi-

tion:

VII.A.1. H1N1 flu update.

Aye: Unanimous.

Item #2-810

Motion by Stammer, seconded

by Fairholm, to approve the min-

utes of the October 26, 2009 board

meeting as presented.

Aye: Unanimous.

Item #3-810

Motion by Lavin, seconded by

Girard, to accept the business

manager's report for the month

ending October 31, 2009 and

approve the payment of claims as

presented.

Aye: Unanimous.

Vermillion School District 13-1

BOARD REPORT FOR

NEWSPAPER

11/04/2009

A & B BUSINESS EQUIP-

MENT, INC., SUPPLIES, 2,628.94

ABILITATIONS/SPORTIME,

SUPPLIES, 336.96

ADELMAN, EMILY, SUP-

PLIES/SERVICES, 58.25

ALLIED INSURANCE, INSUR-

ANCE, 1,096.00

AMERICINN-SIOUX FALLS,

TRAVEL, 203.76

A-OX WELDING SUPPLY CO.,

INC., SUPPLIES, 148.49

APPLE COMPUTER, SUP-

PLIES, 119.96

ARAMARK UNIFORM SER-

VICES, INC, SUPPLIES, 41.69

ARGUS LEADER, MULTIME-

DIA HOLDINGS, INC., SUPPLIES,

155.53

AUTOMATIC DOOR GROUP,

SUPPLIES/SERVICES, 5,178.58

AVERA ST LUKE'S, SERVICES,

1,262.55

BARTON, AMANDA, SUP-

PLIES/SERVICES, 58.25

BERESFORD SCHOOL DIS-

TRICT, FEES, 81.38

BEST BUSINESS PRODUCTS,

SUPPLIES, 19.82

BEST BUSINESS PRODUCTS,

INC., SUPPLIES, 1,041.23

BIO CORPORATION, INC.,

SUPPLIES, 156.94

BLUE NOTE VOCAL MUSIC

BOOSTERS, FEES, 200.00

PARENT OF SPECIAL NEEDS

STUDENT, REIMBURSEMENT,

797.35

BRANDON VALLEY SCHOOL

DISTRICT, FEES, 2,642.00

BROADCASTER PRESS, INC.,

SERVICES, 269.84

BROWNE, KIMBERLEE, SUP-

PLIES/SERVICES, 58.25

BRUNICK SERVICE, INC.,

SERVICES, 1,356.00

CAMPBELL SUPPLY CO, INC.,

SUPPLIES/SERVICES, 78.64

CANTON SCHOOL DISTRICT,

FEES, 99.70

CEDAR SHORE RESORT, INC.,

TRAVEL, 149.90

CHEMCO INC, SUPPLIES,

1,690.94

CHILDREN'S CARE HOSPITAL

& SCHOOL, SERVICES, 6,148.20

CITY OF VERMILLION, SER-

VICES, 18,746.70

CLASSROOM DIRECT, INC.,

SUPPLIES, 71.01

CLAY COUNTY AUDITOR'S

OFFICE, SUPPLIES, 120.00

COMMERCE PROPERTIES,

LLC, LEASE, 1,700.00

CONNECTING POINT COM-

PUTER CENTER, INC.,

SUPPLIES, 5,867.00

CONSTELLATION NEWEN-

ERGY-GAS

DIVISION,LLC,

SERVICES, 1,504.38

CRAIG,

NANCY,

SUPPLIES/SERVICES, 15.00

DAKOTA PC WAREHOUSE,

SUPPLIES, 359.99

DAKOTA POTTERS/WEST

SIOUX CERAMICS, SUPPLIES,

221.94

DAYS INN-PIERRE, TRAVEL,

46.50

DE HEE-SOOK CHOI, REGIS-

TRATIONS, 120.00

DECKER, INC., SUPPLIES,

38.72

EAST DAKOTA EDUCATION-

AL COOP., SERVICES, 1,786.98

ELK POINT-JEFFERSON

SCHOOL, DUES/FEES, 50.00

EMC INSURANCE COMPA-

NIES, SERVICES, 544.61

ETA - CUISENAIRE, SUP-

PLIES, 34.70

FIRST BANK & TRUST, SER-

VICES/SUPPLIES, 235.79

FIRST NATIONAL BANK IN

SF, SERVICES, 500.00

FISHER, MERRICK, SUP-

PLIES/SERVICES, 43.25

FLEET SERVICES, SUP-

PLIES/SERVICES, 696.58

FOLLETT

LIBRARY

RESOURCES, SUPPLIES, 229.53

FOLLETT SOFTWARE COM-

PANY, INC., THE, SUPPLIES,

480.00

FORD, STEVEN, SUPPLIES/

SERVICES, 43.25

FRANKLIN COVEY PUBLICA-

TIONS, LLC, SUPPLIES, 31.96

GARRATT CALLAHAN COMPANY, INC., SUPPLIES, 500.00

GL SPORTS, SUPPLIES, 1,168.48

GOOD, AUTUMNE, SUPPLIES/SERVICES, 58.25

GRAINGER, INC., SUPPLIES, 478.84

GRAPHIC EDGE, INC., THE, SUPPLIES, 1,043.61

HARRIS, DON, SERVICES, 100.00

HEARTLAND GLASS COMPANY, LLC, SUPPLIES/SERVICES, 25,984.91

HENRY SCHEIN, INC., SUPPLIES, 33.29

HEWLETT-PACKARD CO., SUPPLIES, 48,243.00

HIGHSMITH, INC., SUPPLIES, 20.17

HILLYARD/SIOUX FALLS, INC., SUPPLIES, 763.74

HM RECEIVABLES CO LLC, SUPPLIES, 68.20

HOBART SALES & SERVICESIOUX CITY AGENCY, SERVICES, 377.25

HY-VEE, INC., SUPPLIES, 233.22

IDEKER, BECCA, SUPPLIES/SERVICES, 58.25

IMPREST FUND-TRUST & AGENCY, REFUND ACCOUNTS, 4,100.50

INGRAM LIBRARY SERVICES, INC., SUPPLIES, 2,312.67

J.W. PEPPER & SON, INC., SUPPLIES, 129.09

JIST PUBLISHING, SUPPLIES, 239.80

JOHNSON CONTROLS, INC., SUPPLIES/SERVICES, 31,634.50

JOHNSON CONTROLS, INC. AND, KRIER AND BLAIN, INC., SERVICES, 113,880.00

JOHNSON ELECTRIC, INC., SUPPLIES/SERVICES, 308.51

JOHNSON, SUZANNE, SUPPLIES/SERVICES, 45.00

JONES' ACE HARDWARE, INC., SUPPLIES, 571.49

JONES' FOOD CENTER OF VERMILLION LTD, SUPPLIES, 639.68

JOSTENS, INC., SUPPLIES, 802.71

K&N ELECTRIC, SUPPLIES, 61.09

KINETIC LEASING, INC., LEASES, 7,452.00

LAKEVIEW NEUROREHAB CENTER MIDWEST, INC., SERVICES, 7,888.32

LENNOX SCHOOL DISTRICT 41-4, DUES/FEES, 1,118.05

LINGUISYSTEMS, INC., SUPPLIES, 157.80

LUNCHTIME SOLUTIONS, INC., SERVICES, 6.10

MCCULLOCH, JAMES E, SERVICES, 1,531.20

MCGRAW-HILL COMPANIES, INC., SUPPLIES, 533.65

MID STATES SCHOOL BUS, INC., SERVICES, 33,213.49

MIDAMERICAN ENERGY CO., INC., SERVICES, 134.06

MILLARD WEST SOS, DUES, 30.00

MONOPRICE, INC., SUPPLIES, 30.64

NASCO, INC., SUPPLIES, 620.31

NCS PEARSON, INC., SUPPLIES, 4,200.00

NYGREN'S TRUE VALUE, SUPPLIES, 997.76

OFFICE OF WEIGHTS & MEASURES, SERVICES, 56.00

PARKSTON HIGH SCHOOL, FEES, 10.00

PAUL'S PLUMBING INC., SERVICES, 596.16

PIONEER VALLEY EDUCATIONAL, PRESS, SUPPLIES, 31.00

PLETTE, LISA, SERVICES, 14.95

PMB 0112, PHONE SERVICES, 205.34

PRESTO-X-COMPANY, LLC, SUPPLIES, 155.00

PRINT SOURCE BUSINESS CENTER, SUPPLIES/SERVICES, 754.13

QUILL CORPORATION, SUPPLIES, 183.23

QWEST CORPORATION, OFFICE RENT, 1,148.98

QWEST, INC., PHONE LINES, 483.07

RESOURCES FOR READING, INC., SUPPLIES, 47.93

RIDDELL/ALL AMERICAN SPORTS CORP, SUPPLIES, 8,706.53

RUSHMORE PLAZA HOLIDAY INN, LODGING, 128.00

SANFORD HEALTH PLAN, PREMIUMS, 255.84

SCHOOL NURSE SUPPLY, INC., SUPPLIES, 22.70

SCHOOL SPECIALTY, INC., SUPPLIES, 46.30

SCHWASINGER, PATTY, SUPPLIES/SERVICES, 108.90

SDAHPERD, FEES, 115.00 SESDAC, INC., SERVICES, 2,108.15 SOFTWARE HOUSE INTERNATIONAL, INC., SUPPLIES, 6,183.75 SOUTH DAKOTA INSURANCE POOL, FEES, 6,200.00 SOUTHEAST AREA COOPERATIVE, SERVICES, 180.00 SPORT SUPPLY GROUP, INC., SUPPLIES, 1,110.30 SPORTSGRAPHICS, INC., SUPPLIES, 5,995.00 SPORTSMAN'S, INC., SUPPLIES, 1,036.00 STANDARD STATIONARY SUPPLY CO, INC., SUPPLIES, 198.82 STURDEVANTS AUTO PARTS, INC., SUPPLIES, 92.87 SUPER 8 MOTEL-MADISON, TRAVEL, 520.00 SUPER DUPER PUBLICATIONS, SUPPLIES, 168.20 TAMARACK MATERIALS, INC., SUPPLIES, 141.08 TEACHER LEARNING CENTER, REGISTRATIONS, 597.00

THE MATH WORK SHEET

, SUPPLIES, 100.00

TREETOP PUBLISHING, SUP-

PLIES, 164.50

TURNER PLUMBING, INC.,

SERVICES, 1,263.59

UNIVERSITY CLEANERS,

SERVICES, 767.00

UNIVERSITY OF SOUTH

DAKOTA, SUPPLIES, 353.90

USD SPEECH & HEARING

CLINIC, SERVICES, 95.00

VERIZON WIRELESS, SUP-

PLIES, 24.99

VERIZON WIRELESS SER-

VICES LLC, SERVICES, 194.38

VERMILLION GARBAGE SER-

VICE, SERVICES, 2,280.00

VERMILLION PUBLIC TRAN-

SIT, TRAVEL, 92.50

VERMILLION SCHOOL DIS-

TRICT, MISC., 226.72

VERMILLION-CLAY CNTY

E.M.S, SERVICES, 108.00

VHS COOKS TRAINING

CLASS, SERVICES, 131.50

VIBORG SCHOOL DISTRICT,

FEES, 753.65

VIDEO SERVICE OF AMERI-

CA, SUPPLIES, 252.99

WAGNER, BRANDON, SUP-

PLIES/SERVICES, 58.25

WAL-MART COMMUNITY,

SUPPLIES, 874.88

WEIDNER, RHONDA, SUP-

PLIES/SERVICES, 58.25

WESTERN OFFICE PLUS,

INC., SUPPLIES, 69.95

WORKPLACE TECHNOLOGY

CENTER, INC., SUPPLIES,

24,030.00

YANKTON PRESS AND

DAKOTAN, SUPPLIES, 143.41

YANKTON SCHOOL DIS-

TRICT, FEES, 26.00

FIRST NATIONAL BANK IN

SF, SERVICES, 30,872.50

LUNCHTIME SOLUTIONS,

INC., SERVICES, 59,737.63

VERMILLION SCHOOL

DISTRICT #13-1

OCTOBER 20, 2009

GROSS PAYROLL REPORT

Administration

49,137.74

Alternative School,

Instruction/Classified 5,050.75

Instructional, General

Fund

281,593.59

Instructional, Special Education

Fund

40,066.30

Early Retirement Payment to

Instructional Staff

-

Total for Administration/

Instructional

Staff:

$375,848.38

Beyond School Adventure, Day Care

Director/Aides

4,147.01

Board Members

-

Co-Curricular

13,417.05

Classified, General

Fund

53,055.10

Classified, Special Education

Fund

23,149.04

Guidance,

Certified/Classified

22,169.51

Library,

Certified/Classified

9,549.64

Total for Certified/

Classified Staff: $125,487.35

Payment in Kind - Cell Phone

Useage

73.62

Grand Total of October's

Gross Payroll

$501,409.35

Item #4-810

Froke presented an update on

H1N1 flu, vaccination programs,

and impact on school attendance.

Item #5-810

Girard presented information

on the first meeting of the Dome

Agreement committee.

Item #6-810

Cameron and Len Griffith,

director of guidance, presented

information on the new state grad-

uation requirements.

Item #7-810

Upward and Johnson presented

information on the response to

intervention reading program.

Item #8-810

Johnson presented the 2009-

2010 committee assignments.

Item #9-810

Motion by Lavin, seconded by

Girard, to approve the curriculum

review cycle as presented by

Johnson.

Aye: Unanimous.

Item #10-810

Motion by Fairholm, seconded

by Girard, to approve the following

policies on first reading as amend-

ed or eliminated:

Amended-

Item LB: Relations with Non-

Public Schools

Item LB-E Textbook Loan Form

for Non-Public Students

Item LC: Educational Research

Agencies (Relations with)

Eliminate-

Item LEA: Student Teaching

and Internships

Item LG: Mentor-Teacher Plan

Aye: Unanimous.

Item #11-810

Motion by Lavin, seconded by

Fairholm, to approve the use of the

high school auditorium by Heart

and Soul for the dance recital on

May 16, 2010 at a cost of $50.00.

Aye: Unanimous.

Item #12-810

Motion by Girard, seconded by

Stammer, to approve the employ-

ment of Dan Hanson as head girl's

and boy's tennis coach at

$5,840.00.

Aye: Unanimous.

Item #13-810

Motion by Girard, seconded by

Lavin, to approve the two student's

early graduation requests as pre-

sented contingent upon completion

of graduation requirements.

Aye: Unanimous.

Item #14-810

Motion by Stammer, seconded

by Lavin, to approve Luis Deanda

and Todd North as adult wrestling

volunteers.

Aye: Unanimous.

Item #15-810

Motion by Lavin, seconded by

Girard, to go into executive session

at 7:58 p.m. for teacher negotiation matters. Aye: Unanimous. Item #16-810

Bottolfson declared the board out of executive session at 8:30 p.m. Item #17-810

Motion by Girard, seconded by Stammer, to implement the provisions of the school board's last best offer to the VEA as well as all tentative agreements pursuant to SDCL 3-18-8.2 and amend teacher contracts accordingly. Aye: Unanimous. Item #18-810

Motion by Lavin, seconded by Fairholm, to adjourn the meeting at 8:32 p.m. Aye: Unanimous.

________________________ Mark Bottolfson President

_______________________ Sheila R. Beermann Business Manager

Published once at the approximate cost of $165.69

Estimated publishing cost per circulated copy: $.09

Publish: November 20, 2009 ___

STATE OF SOUTH DAKOTA COUNTY OF CLAY: SS IN CIRCUIT COURT

FIRST JUDICIAL CIRCUIT CIV. 09-298

IN THE MATTER OF THE NAME CHANGE OF: MAELYNN DORA BACA

Petitioner NOTICE OF HEARING NOTICE IS HEREBY GIVEN that a petition has been filed by Maelynn Dora Baca to change his/her name to Maelynn Samantha Saldivar on the 16th day of December, 2009, at the hour of 3:00 PM said petition will be heard by this Court before the Honorable Steven R. Jensen Presiding, at the Court Room in the Clay County Courthouse, City of Vermillion, Clay County, South Dakota, at which time in open Court the Court will determine whether all allegations of the Petitioner are true and whether there exists proper and reasonable cause for changing the name of Maelynn Dora Baca to Maelynn Samantha Saldivar at the above listed time and place, anyone may come and appear and show cause, if any they have, why said name should not be changed as requested. Dated this 22nd day of October, 2009 at Vermillion, South Dakota.

Maelynn Dora Baca Petitioner

Published four weeks at the total approximate cost of $43.90

Estimated publishing cost per circulated copy: $.01

Publish: October 30, November 6, 13 & 20, 2009

___

NOTICE OF DRAINAGE PERMIT HEARING

Notice is hereby given that in accordance with the Clay County Drainage Permit Ordinance, Sections 106 and 107, the Clay County Commissioners sitting as the Clay County Board of Resolutions will conduct a hearing on drainage permit application for drainage into County ROW, in the Commissioners room at the Clay County Courthouse for the following applicant at 10:45 a.m. November 24, 2009.

#09-15 Joyce Lundquist 46812 Komstad St, Beresford, S.D. 57004 For Proposed drainage ditch in the SW1/4 of the SW1/4 of Section 16, Township 94 North, (Garfield Twp) Range 51 West, of the 5th p.m. to drain into Baptist Creek.

All interested persons are encouraged to attend the public hearing. Those interested persons not able to attend are invited and encouraged to send written comments prior to the hearing, to:

Clay County Commissioner 211 W. Main Street. Suite 200

Vermillion, SD 57069 Ruth A. Bremer

Clay County Auditor Published twice at the approximate cost of $21.00

Estimated publishing cost per circulated copy: $.01

Publish: November 3 & 20, 2009

___

ADVERTISEMENT FOR BIDS Sealed Bids will be received by

the Nebraska Game and Parks Commission at the Engineering Division Office, 2200 North 33rd Street, Lincoln, Nebraska, 68503, for the following projects at the times listed: BID DATE AND TIME: December 8th @ 2:30 P.M. PROJECT: Water and Sewer Extensions for Seven Cabins

And BID DATE AND TIME: December 8th @ 3:00 P.M. PROJECT: Seven Cabins LOCATION: Ponca State Park NEAR: Ponca, Nebraska COUNTY: Dixon

Bids will be publicly opened, read aloud, and tabulated at the time and place specified.

Bidding Documents are on file at the Engineering Division Office, Nebraska Game and Parks Commission, 2200 North 33rd Street, Lincoln, Nebraska, phone (402) 471-5548. Interested Prime Contractors/Bidders may obtain copies of the Bid Documents upon request to this office or visit website; ngpc.state.ne.us/admin/ bids.asp for downloadable PDF files.

The Nebraska Game and Parks Commission reserves the right to accept or reject any or all Bids and to waive any or all informalities or irregularities.

NEBRASKA GAME and PARKS COMMISSION

BY: REX AMACK - Director Published three times at the approximate cost of $37.86

Estimated publishing cost per circulated copy: $.01

Publish: November 13, 20 & 27, 2009

___

STATE OF SOUTH DAKOTA COUNTY OF CLAY: SS IN CIRCUIT COURT

FIRST JUDICIAL CIRCUIT Pro. 09-38

IN THE MATTER OF THE ESTATE OF

DEBRA LYNN PALMER, Deceased.

NOTICE TO CREDITORS Notice is given that on the 13th day of November, 2009, Pamela K. Palmer, whose address is 401 N. Mystic Circle, Sioux Falls, South Dakota 57110, was appointed as personal representative of the estate of Debra Lynn Palmer. Creditors of decedent must file their claim within four months after the date of the first publication of this notice or their claims may be barred. Claims may be filed with the personal representative or may be filed with the clerk, and a copy of the claim mailed to the personal representative. Dated this 13th day of November, 2009.

Pamela K. Palmer 401 N. Mystic Circle Sioux Falls, SD 57110

(605) 360-6537 Craig K. Thompson Craig K. Thompson Law Offices P.O. Box 295 Vermillion, SD 57069 (605) 624-2097 Published four weeks at the total approximate cost of $43.90

Estimated publishing cost per circulated copy: $.01

Publish: November 20, 27, December 4 & 11 2009

___

Unapproved Minutes Council Special Session

November 12, 2009 Thursday 5:15 p.m. The special session of the City Council, City of Vermillion, South Dakota was called to order on Thursday, November 12, 2009 at 5:15 p.m. by Mayor Christopherson at the City Hall large conference room. 1. Roll Call Present: Edelen, French, Hofman (arrived 5:15 p.m.), Osborne (arrived 6:10 p.m.), Powell, Ward, Willson, Mayor Christopherson Absent: Meins 2. Executive Session ? Legal Matters 369-09 Alderman Edelen moved to go into executive session at 5:16 p.m. for legal matters. Alderman French seconded the motion. Motion carried 6-0. Mayor Christopherson declared the Council in executive session. Alderman Hofman arrived at 5:18 p.m. Alderman French left at 6:04 p.m. Alderman Osborne arrived at 6:10 p.m. Mayor Christopherson declared the Council out of executive session at 6:16 p.m. 3. South Dakota Municipal League meeting with area Legislators Mayor Christopherson reported that the Legislators were not able to attend today. Mayor Christopherson reported that he was calling a special meeting for Monday, November 23rd at noon to review the City Manager and Finance Officer evaluation materials with Matt Fairholm. The Council members will complete the evaluations and return to Matt for tabulation. The Council will review the results at the noon meeting on December 21st and will schedule executive session for the meeting with the City Manager and Finance Officer. 4. Adjourn 370-09 Alderman Hofman moved to adjourn the Council Meeting at 6:18 p.m. Alderman Edelen seconded the motion. Motion carried 7 to 0. Mayor Christopherson declared the motion adopted. Dated at Vermillion, South Dakota this 12th day of November, 2009. THE GOVERNING BODY OF THE CITY OF VERMILLION, SOUTH DAKOTA BY__________________________ Dan Christopherson, Mayor

ATTEST: BY________________________

Michael D. Carlson, Finance Officer

Published once at the approximate cost of $23.24

Estimated publishing cost per circulated copy: $.01

Publish: November 20, 2009 ___

Extract of the Minutes of Meeting of the City Council

of the City of Vermillion, South Dakota

Pursuant to due call and notice thereof, a regular meeting of the City Council of the City of Vermillion, South Dakota, was duly held at City Hall in Vermillion, South Dakota, on Monday, the 16th day of November, 2009 at 7:00 p.m.

The following members were present: Edelen, French, Hofman, Osborne, Powell, Ward, Willson, Mayor Christopherson

And the following were absent: Meins

Item B. of New Business

Resolution authorizing Build

America Bonds.

Mike Carlson, Finance Officer,

reported that the resolution to

issue the electric revenue bonds

was adopted in October, 2008 and

was referred to a public vote at a

special election held in January

2009 where the voters approved

the resolution. Since then the

process has been proceeding with

the design and bid specifications

for the construction of the trans-

mission line, and the information

has been put together for the

issuance of bonds. Dougherty &

Company suggested that the City

could save some interest costs on

the issue if the bonds were rated,

and two weeks ago, following the

review of the financial information

and a conference call with the rat-

ing agency, the City was awarded

an "A" rating by Standards &

Poor's for this bond issue. Since the

receipt of the rating, Dougherty &

Company proposed to issue the

bonds as Build America Bonds.

The American Recovery and

Reinvestment Act of 2009 creates

the new Build America Bond pro-

gram, which authorizes state and

local governments to issue Build

America Bonds as taxable bonds in

2009 and 2010 to finance any capi-

tal expenditures for which they

otherwise could issue tax-exempt

governmental bonds. State and

local governments receive a direct

federal subsidy payment for a por-

tion of their borrowing costs on

Build America Bonds equal to 35%

of the total coupon interest paid to

investors. For the City to issue the

Build America Bonds, a resolution

would need to be adopted authoriz-

ing the change in the bond issue. It

is projected by Dougherty &

Company that the conversion of

this bond issue to a Build America

Bond would save the City over one

million dollars during the 27 year

life of the bond issue. If the bond

issue were switched to Build

America Bonds, the principal and

interest payments would increase

and be offset by the 35% refund

from the Federal Government. The

bond resolution calls for the sur-

charge rate to generate revenue at

least equal to 125% of the annual

principal and interest payments.

The 35% refund is not considered

surcharge revenue in this compu-

tation, thus the surcharge portion

of the electric rate would need to be

increased with the remainder of

the rate reduced so the total rate

would be unchanged. The 35%

interest refund from the Federal

Government would be placed into

the electric fund to offset this

change in the rate allocation. If the

Build America Bond resolution

were adopted, a revised electric

rate resolution would be prepared

for consideration at the first meet-

ing in December.

After reading the same once,

Alderman Hofman moved adoption

of the following:

A RESOLUTION AUTHORIZ-

ING THE DESIGNATION OF

CERTAIN ELECTRIC

REVENUE BONDS AS "BUILD

AMERICA BONDS"

BE IT RESOLVED by the City

Council of the City of Vermillion,

South Dakota (the City), as fol-

lows:

Section 1. Recitals.

1.1. By a resolution adopted by

this Council on October 6, 2008,

the City has authorized the

issuance and sale to Dougherty &

Company, LLC (the "Underwriter")

of its electric revenue bonds (the

"Bonds") for the purpose of financ-

ing the cost of acquiring and con-

structing improvements to its

municipal electric utility, funding a

reserve fund and paying costs of

issuance of the Bonds, pursuant to

the terms set forth in an Indenture

of Trust to be entered into with The

First National Bank of Sioux Falls,

Sioux Falls, South Dakota, as

Trustee.

1.2. The Underwriter has

advised this Council that the City

could realize a significant debt

service savings by designating all,

or a portion, of the Bonds as "Build

America Bonds."

Section 2. Build America Bonds

Designation. It is hereby found,

determined and declared to be in

the best interest of the City to

authorize the City Finance Officer

to irrevocably designate all, or a

portion, of the Bonds as "Build

America Bonds," electing to have

Section 54AA of the Internal

Revenue Code of 1986, as amended

(the "Code"), apply to the Bonds,

and irrevocably electing to have

Section 54AA(g) of the Code apply

to the Bonds, with the result that

the City shall be entitled to the

credit provided in Section 6431 of

the Code.

Section 3. Effective Date. This

resolution shall take effect 20 days

following the publication.

Dated at Vermillion, South

Dakota this 16th day of November,

2009.

THE GOVERNING BODY OF

THE CITY OF VERMILLION,

SOUTH DAKOTA

____________________________

Dan Christopherson, Mayor

ATTEST:

__________________________

Michael D. Carlson,

Finance Officer

The motion was seconded by

Alderman French. Discussion fol-

lowed and the question of the adop-

tion of the Resolution was present-

ed for a vote of the Governing

Body. 8 members voted in favor of

and 0 members voted in opposition

to the Resolution.

Mayor

Christopherson declared that the

Resolution was adopted.

Dated this 16th day of

November, 2009.

Michael D. Carlson

Finance Officer

Published once at the approximate

cost of $53.92

Estimated publishing cost per circulated copy: $.03

Publish: November 20, 2009

___

NOTICE TO BIDDERS Notice is hereby given that the Governing Body of the City of Vermillion, South Dakota will meet at the City Hall meeting room of said City on the 2nd day of December, 2009, at 11:00 a.m. at which time bids and proposals will be received, publicly opened and read at that time. The bids will be acted upon by the City Council at City Hall on the 7th day of December, 2009 at 7:00 p.m. The equipment required is as follows: New Trencher with Backhoe Copies of the specifications may be obtained at the office of the Utilities Engineer, 25 Center Street, Vermillion, South Dakota, 57069.

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