--- title: ISD 287 Member District LTFM Board Resolution - FY 2028.docx --- ## EXTRACT OF MINUTES OF MEETING ## OF SCHOOL BOARD OF ## SCHOOL DISTRICT No. 284 ## (Wayzata Public Schools) ## STATE OF MINNESOTA Pursuant to due call and notice thereof, a School Board meeting of School District No. 284, State of Minnesota, was held on ________________, at ________ _ m., for the purpose, in part, of approving the Intermediate School District No. 287's Long-Term Facility Maintenance budget and authorizing the inclusion of a proportionate share of Intermediate School District's long-term facility maintenance projects and related debt service payments in the district's application for long-term facility maintenance. ______________ introduced the following resolution and moved its adoption: ## RESOLUTION APPROVING INTERMEDIATE SCHOOL DISTRICT ## NO. 287'S LONG-TERM FACILITY MAINTENANCE PROGRAM ## BUDGET AND AUTHORIZING THE INCLUSION OF A ## PROPORTIONATE SHARE OF THOSE PROJECTS IN THE DISTRICT'S ## APPLICATION FOR LONG-TERM FACILITY MAINTENANCE ## REVENUE BE IT RESOLVED by the School Board of District No. 284, State of Minnesota, as follows: 1. The School Board of Intermediate School District 287 has approved a long-term facility maintenance program budget for its facilities for the 2027-28 (fiscal year 2028) school year in the amount of $1,652,875.01 of which District No. 284’s proportionate share is $171,634.71, consisting of $90,471.21 for pay as you go projects and $81,163.50 for debt service payments on the 2017B Facilities Maintenance Bonds and the 2022A Facilities Maintenance Bonds. The various components of this program budget are attached as Exhibit A hereto and are incorporated herein by reference. Said budget is hereby approved. (Exhibit A) 2. Minnesota Statutes, Section 123B.53, Subdivision 1, as amended, provides that if an intermediate school district's long-term facility maintenance budget is approved by the school boards of each of the intermediate school district's member school districts, each member district may include its proportionate share of the costs of the intermediate school district program in its long-term facility maintenance revenue application. 3. The proportionate share of the costs of the intermediate school district's long term facility maintenance program for each member school district to be included in its application shall be determined by multiplying the total cost of the intermediate school district long-term facility maintenance program times a three year weighted average adjusted pupil units formula. For 2027-28, (FY 2028) the long-term facility maintenance costs shall be funded through annual levy. The inclusion of this proportionate share in the district's long-term facility maintenance revenue application for FY 2028 is hereby approved, subject to approval by the Commissioner of Education. Upon receipt of the proportionate share of long-term facility maintenance revenue attributable to the intermediate school district program, the district shall promptly pay to the intermediate school district the applicable aid or levy proceeds. 4. Pursuant to Minnesota Statutes Section 123B.595, Subdivision 3, the intermediate district issued $5,065,000 Facilities Maintenance Bonds, Series 2017B. Such bonds are payable from long-term maintenance revenue transferred by each member district. This district hereby covenants to adopt in each fiscal year during the term of such bonds, a resolution authorizing the inclusion in the application for long-term facilities maintenance revenue the District’s proportionate share for such fiscal year of debt service on such bonds. 5. Pursuant to Minnesota Statutes Section 123B.595, Subdivision 3, the intermediate district issued $4,750,000 Facilities Maintenance Bonds, Series 2022A. Such bonds will be payable from long-term maintenance revenue transferred by each member district. This district hereby covenants to adopt in each fiscal year during the term of such bonds, a resolution authorizing the inclusion in the application for long-term facilities maintenance revenue the District’s proportionate share for such fiscal year of debt service on such bonds. The motion for the adoption of the foregoing resolution was duly seconded by _________________ and, upon vote being taken thereon, the following voted in favor thereof: And the following voted against the same: Whereupon said resolution was approved and adopted by the school board of Independent School District No. 284. ## STATE OF MINNESOTA ## COUNTY OF HENNEPIN I, the undersigned, being the duly qualified and acting Clerk of School District No. 284, State of Minnesota, hereby certify that I have carefully compared the attached and foregoing extract of minutes of a meeting of School District No. 284, held on the date therein indicated, with the original of said minutes on file in my office, and the same is a full, true and complete transcript insofar as the same relates to the approval of Intermediate School District No. 287's long-term facility maintenance program budget and authorizing the inclusion of a proportionate share of the Intermediate School District's long-term facility maintenance projects in the district's application for long-term facility maintenance revenue. WITNESS MY HAND officially as such Clerk this _____ day of _________, 2026. _______________________ ## Clerk ## School District No. _________