The School Board of Escambia County, Florida, convened in Special Meeting at 9:00 a.m., in the

Board Room, at the Dr. Vernon McDaniel (Administration) Building, 215 West Garden Street, Pensacola, Florida, with the following present:

Chairman:   Dr. John DeWitt                 Vice Chairman:   Ms. Linda Finkelstein

Board Members:     Mr. Gary L. Bergosh (was not present)

Mrs. Cary Stidham

Dr. Elmer Jenkins

School Board Attorney:   Mr. Francisco M. Negron, Jr.

Superintendent of Schools:  Mr. Jim Paul

I.   CALL TO ORDER

Dr. DeWitt called the Special Meeting to order at 9:04 a.m.

II.  ADOPTION OF AGENDA

There being no objection, the agenda was adopted by unanimous consent.

III.  FINANCE

1.  Refunding Certificates of Participation, Series 2002

(Supporting Documents are located in the Finance and Business Affairs office)

Mr. Richard Lott, Bond Counsel, Miller, Canfield, Paddock and Stone and Mr. Mitch Owens, Insurance Underwriter, William R. Hough and Company, reviewed the backup information provided to the Board regarding “Refunding Certificates of Participation, Series 2002.”  Motion was made by Dr. Jenkins, seconded by Mrs. Stidham, to approve “Refunding Certificates of Participation, Series 2002”, as presented.  Motion was approved 4 to 0, with Mr. Bergosh absent for vote.

IV.  ADJOURNMENT

There being no further business, the Special Meeting adjourned at 9:30 a.m.

Attest:

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Approved:

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Superintendent    

Chairman