SUPERINTENDENT'S REPORT AND AGENDA. Regular Meeting of the Board of Education Independent School District No. 280, Richfield, Minnesota

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1 SUPERINTENDENT'S REPORT AND AGENDA Regular Meeting of the Board of Education Independent School District No. 280, Richfield, Minnesota Richfield Public Schools inspires and empowers each individual to learn, grow and excel Monday, February 5, :00 Study Session - Legislators 7:00 pm Regular School Board Meeting Richfield Middle School Presenting I. CALL TO ORDER II. REVIEW AND APPROVAL OF THE AGENDA note the January 22, 2018 school board meeting was cancelled due to weather III. INFORMATION AND PROPOSALS -- NON-ACTION ITEMS Public Comment A. Reports and Information from School Sources Richfield Middle School Get Ready Program B. Superintendent Update 1. Construction Project Update 2. Where We Are In Enrollment 3. Budget Update C. Commendations IV. CONSENT AGENDA A. Routine Matters 1. Minutes of the regular meeting held January 8, General Disbursements as of January 22, 2018 in the amount of $1,531, General Disbursements as of February 5, 2018 in the amount of $ December 2017 Investments February 5, 2018 School Board Meeting Agenda

2 B. Personnel Items V. OLD BUSINESS A. Adopt-a-School Assignments B. Board Liaison Assignments C. Board Policy Review 402 D. Board Policy Review 405 E. Board Policy Review 481 F. 2018A & 2018B General Obligation School Building & Facilities Maintenance Bond Bid Awards VI. NEW BUSINESS A. Board Policy Review 525 Pledge of Allegiance B. Board Policy Review 583 DNR-DNI C. Board Policy 801 and Student Use of Secondary School Facilities D. District Calendar E. Outreach Worker Contract F. Donations VII. ADVANCE PLANNING A. Legislative Update B. Information and Questions from Board C. Future Meeting Dates :00 pm Regular Board Meeting (Tuesday) :00 pm Regular Board Meeting, RDLS presenting D. Suggested/Future Agenda Items VIII. ADJOURNMENT February 5, 2018 School Board Meeting Agenda

3 FOR INFORMATION Agenda Item III.B.1 Board of Education Independent School District 280 Richfield, Minnesota Regular Meeting, February 5, 2018 Subject Capital Facilities Project Update (Prepared by Craig Holje) Background Information Craig Holje, Richfield Public Schools Chief Human Resources and Administrative Officer along with Ryan Hoffman and Andy Faulkner from ICS and Vaughn Dierks from Wold Architects will present information regarding planning and preparation for the upcoming capital facilities projects approved through the recent voter approved bond referendum as well as the long-term facilities maintenance plan.

4 Richfield Public Schools ISD #280 Facilities Improvement Plan Update

5 General Schedule Overview Per Building RICHFIELD HIGH SCHOOL DESIGN: JANUARY 2018 OCTOBER 2018 CONSTRUCTION: DECEMBER 2018 AUGUST 2020 CENTRAL EDUCATION CENTER DESIGN: JANUARY 2018 SEPTEMBER 2018 CONSTRUCTION: JUNE 2019 AUGUST 2019 STEM SCHOOL DESIGN: APRIL 2018 NOVEMBER 2018 CONSTRUCTION: MAY 2019 AUGUST 2020 RDLS DESIGN: APRIL 2018 NOVEMBER 2018 CONSTRUCTION: APRIL 2019 JANUARY 2020

6 General Schedule Overview - Per Building CENTENNIAL ELEMENTARY DESIGN: JANUARY 2019 NOVEMBER 2019 CONSTRUCTION: JUNE 2020 NOVEMBER 2020 SHERIDAN HILLS ELEMENTARY DESIGN: JANUARY 2019 NOVEMBER 2019 CONSTRUCTION: APRIL 2020 AUGUST 2020 RICHFIELD MIDDLE SCHOOL DESIGN: JANUARY 2019 SEPTEMBER 2019 CONSTRUCTION: MAY 2020 AUGUST 2021

7 Design Process & Stakeholder Input Schematic Design: Core Planning Groups (CPG) For larger projects where significant plan changes occur Members each Meet every other week for 4-6 Meetings Big Picture Criteria and Floor Plan Design Development: User Groups 3-5 Members per Area Meet 1-3 times (or more if needed) Detailed layouts and requirements for functional use of spaces including furniture, equipment, etc.

8 Design Process & Stakeholder Input: SD To Be Effective, a Core Planning Group (CPG) must: Represent stakeholders & community Be empowered to make decisions Be willing to make decisions Request information, not a decision, from input givers Be a manageable size Typically Members per Building Project

9 Design Process & Stakeholder Input: DD User Group Process: Confirms Details with Staff Gives Staff Ownership in Decisions + Design Documents Key Decisions During Design Graphically + Verbally Typically 3-5 Representatives per Area

10 Design Process & Stakeholder Input Schematic Design: Core Planning Groups (CPG) For larger projects where significant plan changes occur Members each Meet every other week for 4-6 Meetings Big Picture Criteria and Floor Plan Design Development: User Groups 3-5 Members per Area Meet 1-3 times (or more if needed) Detailed layouts and requirements for functional use of spaces including furniture, equipment, etc.

11 General Building Scopes Each building includes: Kitchen and serving renovations ADA restroom improvements Mechanical improvements indoor air quality Secure Entry improvements Special Education space improvements Long term facilities maintenance needs identified

12 Centennial Elementary

13 Central Education Center

14 Sheridan Hills Elementary

15 Richfield Dual Language School

16 Richfield STEM School

17 2 nd Floor Richfield STEM School

18 Richfield Middle School

19 2 nd Floor Richfield Middle School

20 3 rd Floor Richfield Middle School

21 POTENTIAL Richfield High School

22 Richfield High School

23 3 rd floor Richfield High School

24 Next Steps Design overview meetings to take place for all buildings. Determine timelines for gathering of information at all buildings. o Develop core planning groups and user groups for the projects being designed in 2018

25 Questions?

26 FOR INFORMATION Agenda Item III.B.2 Board of Education Independent School District 280 Richfield, Minnesota Regular Meeting, February 5, 2018 SUBJECT: WHERE WE ARE: ENROLLMENT AND CLASS SIZE REPORT (Prepared by Craig Holje) The attached report reviews the enrollment and class size as of October 1, The report includes the Power Point presentation in the beginning of the report followed by the statistical detail.

27 Where We Are Enrollment and Class Size Report Richfield Public Schools October 1, 2017 Presented to the Richfield Board of Education January 22, 2018

28 RICHFIELD PUBLIC SCHOOLS ENROLLMENT COUNT - October 2, RCEP GRADE ECSE* 2-Oct Oct 1 RMS 1-Oct 2-Oct SEC RDLS CENT SHER STEM RMS RHS RCEP ACTUAL PROJ RDLS CENT SHER STEM RHS change ACT ACT Variance ECSE ECSE SEC SEC PreK PreK K K ACTUAL PROJECTION DIFFERENCE CURR. DIFF CURR. DIFF CURR. DIFF PreK-12 Projection 10/1/ Prekindergarten Elem. K Trans PreK-12 Actual 10/2/ Kindergarten Middle Kinder Projection Variance 86 Grades S.H Grds Grades K-12 Total Grds Last Year Enrollment 10/1/ Change From Last Year 20 Note: The enrollment counts include an average of the part time PSEO & home school students *ECSE is down 11 students due to enrollment in Voluntary Pre-K Prepared by the Business Office 10/2/2017 Multi-Year Analysis 2

29 4,401 Students District-wide 4,231 Traditional Count 2,025 Elementary (K-5) 936 Middle (6-8) 1,168 High (9-12) 86 Pre-kindergarten 16 Transition Voluntary Pre-Kindergarten (VPK) 62 Students more than projection (86 with VPK) 4 Students less than (20 more with VPK) District Overview 3

30 Overall Up 20 students (Down 4 students traditional count) ECSE Up 5 students Elementary Down 74 students Centennial Down 38 students RDLS Up 2 students RSTEM Down 19 students Sheridan Hills Down 19 students PreK VPK Up 24 students Richfield Middle School Up 45 students Richfield High School Up 13 students Richfield Career Education Program Up 4 students Transition+ - Up 3 students to comparison 4

31 Multi-Year Analysis 5

32 K-5 Average Class Size Trend Elementary Class Size 6

33 Class Size Trend by School RDLS Centennial Sheridan RSTEM Elementary Class Size 7

34 Average Class Size RDLS Centennial Sheridan RSTEM 2017 Elementary Class Size 8

35 6-8 Average Class Size Trend Middle School Class Size 9

36 9-12 Average Class Size Trend High School Class Size 10

37 25 Number of Sections per Class Size Middle School Class Size 11

38 250 Class Size Trend by School Less than 20 Less than 25 Less than Middle School Class Size 12

39 Number of Sections per Class Size < High School Class Size 13

40 300 Class Size Trend by School Less than 20 Less than 25 Less than High School Class Size 14

41 80.00% 70.00% 60.00% 50.00% 40.00% 30.00% 20.00% 10.00% 0.00% 65.30% 67.20% 68.10% 69.21% 69.15% 70.31% 71.48% 72.59% 72.10% 34.70% 32.80% 31.90% 30.79% 30.85% 29.69% 28.52% 27.41% 27.90% Students of Color White Student Diversity 15

42 80.00% 70.00% 60.00% 50.00% 40.00% 30.00% 20.00% 10.00% 0.00% 73.51% 73.57% 69.60% 68.60% 69.05% 66.90% 68.15% 67.08% 67.39% 30.40% 31.40% 33.10% 30.95% 31.85% 32.92% 32.61% 26.49% 26.43% ELL Non-ELL English Language Learner 16

43 70.00% 60.00% 50.00% 60.80% 62.50% 65.10% 65.10% 63.10% 66.60% 63.55% 63.84% 64.21% 40.00% 30.00% 20.00% 10.00% 39.20% 37.50% 34.90% 34.90% 36.90% 33.40% 36.45% 36.16% 35.79% 0.00% Free/Reduced Other Free/Reduced Enrollment 17

44 Major Districts In Out Net In Out Net Change Bloomington Burnsville Edina Minneapolis Rosemount St. Paul SEC* Overall* Includes additional districts not listed above Enrollment Options 18

45 150 Enrollment Options Impact Enrollment Options 19

46 Non-Public Schools 440 Total Students (increase of 19 from 16-17) Blessed Trinity (146), Homeschool (97), Holy Angels (73) and Cristo Rey (39) are largest Charter Schools 638 Total Students (increase of 37 from 16-17) Seven Hills Prep (280), Partnership Academy (116), Eagle Ridge (64), Hiawatha Academies (34) and MN Transitions (24) are largest Non-Public and Charter 20

47 Open Enrollment (out) Charter + Non Public (out) ,022 1,078 TOTAL Resident OUT 1,365 1,291 1,305 1,231 1,410 1,459 1,525 1,686 1,805 RPS Enrollment 3,980 4,112 4,282 4,388 4,405 4, Open Enrollment (in) (411) (424) (471) (573) (540) (592) (588) (617) (657) TOTAL Richfield Resident Students IN RPS 3,569 3,688 3,811 3,815 3,865 3,804 3,714 3,764 3,744 TOTAL Richfield Resident Students 4,934 4,979 5,116 5,046 5,275 5,263 5,239 5,450 5,549 "Market Share" 72.33% 74.07% 74.49% 75.60% 73.27% 72.28% 70.89% 69.06% 67.47% Retain Richfield 21

48 Questions 22

49 RICHFIELD PUBLIC SCHOOLS ENROLLMENT COUNT - October 2, RCEP GRADE ECSE* 2-Oct Oct 1 RMS 1-Oct 2-Oct SEC RDLS CENT SHER STEM RMS RHS RCEP ACTUAL PROJ RDLS CENT SHER STEM RHS change ACT ACT Variance ECSE ECSE SEC SEC PreK PreK K K ACTUAL PROJECTION DIFFERENCE CURR. DIFF CURR. DIFF CURR. DIFF PreK-12 Projection 10/1/ Prekindergarten Elem. K Trans PreK-12 Actual 10/2/ Kindergarten Middle Kinder Projection Variance 86 Grades S.H Grds Grades K-12 Total Grds Last Year Enrollment 10/1/ Change From Last Year 20 Note: The enrollment counts include an average of the part time PSEO & home school students *ECSE is down 11 students due to enrollment in Voluntary Pre-K Prepared by the Business Office 10/2/2017 PAGE 23

50 RICHFIELD PUBLIC SCHOOLS Elementary & Voluntary PreK Enrollment By School, Grade, and Class Size GRADE GRADE RDLS CENTENNIAL SHERIDAN HILLS STEM TOTALS K VPK SCHOOL TOTALS STUDENT TO CLASSROOM TEACHER RATIO BY SCHOOL (VPK not included) GRADE RDLS CENTENNIAL SHERIDAN STEM TOTALS SCHOOL TOTALS CLASSROOM TEACHERS STU/TCHR RATIO RATIO CLASS SIZE BREAKDOWN BY GRADE (VPK not included) STUDENT TEACHER STU/TCHR GRADE TOTAL TOTAL RATIO LEVEL K PAGE 24

51 AVERAGE SUBJECT/CLASS SIZE < STU / SESS CLASS SIZE ART / Art, Gr / Art, Gr 7 1@35 35 / Art, Gr 8 2 1@ / BUSINESS / Business, Gr / Business, Gr / Business, Gr / MEDIA / Media, Gr / Media, Gr / Media, Gr / SPANISH / Spanish, Gr / Spanish, Gr / Spanish, Gr / STEM / STEM, Gr / Intro to Eng, Gr / STEM, Gr / Intro to Engr, Gr / Intro to Engr, Gr / LANGUAGE ARTS / Lang. Arts, Gr / Span Lang. Arts, Gr / Lang. Arts, Gr / Span Lang. Arts, Gr / Lang. Arts, Gr / Span Lang. Arts, Gr 8 1 1@35 67 / MATHEMATICS / Math, Gr / Pre Algebra, Gr / Acc Algebra, Gr 7 1@35 35 / Found Algebra, Gr 7 1 1@35 69 / Math, Gr / Found Algebra, Gr / Geometry, Gr / Inter Algebra, Gr / PHYSICAL EDUCATION / Phy Ed, Gr / Phy Ed, Gr @ / Phy Ed, Gr @ / HEALTH / Health, Gr / Health, Gr / Health, Gr @35 99 / SCIENCE / Science, Gr / Science, Gr / Science, Gr / SOCIAL STUDIES / Social Studies, Gr / Span Social Studies, Gr / Social Studies, Gr / Span Social Studies, Gr / Social Studies, Gr @ / Span Social Studies, Gr 8 1 1@35 69 / TOTAL MIDDLE SCHOOL AVERVAGE ENROLL Students / Sessions CLASS SIZE COUNT 5173 / THE CLASSES LISTED BELOW ARE NOT INCLUDED IN AVERAGE CLASS SIZE GRADE / Spartan Time 910/32 = 28.4 Band 102/3 = 34 Special Ed 295/36 = 8.2 Read Tier Choir 95/2 = 47.5 RICHFIELD PUBLIC SCHOOL MIDDLE SCHOOL - NUMBER OF CLASSES BY SUBJECT AND CLASS SIZE - T1 STUDENTS/SESSIONS = AVG CLASS SIZE Gift/Talented 95/3 = 31.7 ESL/ALD 75/6 = /10 = 17.9 GRADE / GRADE / Ext Campus 21/7 = 3 Math Tier 273/17 = / Music 174/6 = 29 Span 1&2 87/3 = 29 GRADE / GRADE / PAGE 25 GRADE /

52 RICHFIELD PUBLIC SCHOOLS SENIOR HIGH - NUMBER OF CLASSES BY SUBJECT AND CLASS SIZE - S1 SUBJECT < STU / SESS CLASS SIZE ART / Art Found / Drw & Paint I & II 1@ / Photo I & II / Pottery I & II / BUSINESS ED / Graphic Design 1@35 35 / Intro to Apps 1 1@36 64 / Mktg Sm Bus 1 15 / Personal Finance 1 1@39 70 / Sport&Entr Mktg 1 17 / GLOBAL LANG / French Cul & Arts 1 34 / French / French / French / French 4 1@9 9 / Ger Flncy & Arts 1 31 / German / German 2 1@36 36 / German / CIS German / Culture-Rrifico 1 29 / Spanish @ / Spanish 2 1 1@37 67 / Spanish / Spanish 4 1@9 9 / CIS Spanish 5 1@9 9 / FACS / Fashion / Child Development 1 20 / Culinary Arts @ / Culinary Arts / Culinary Arts / Living on Own 1 1@35 64 / TECH ED / Metals 1 27 / Woodworking 1 1 1@36 95 / LANG.ARTS / Aurean 1@37 37 / AP Eng Sem 1 34 / AP Lang & Comp / CIS Eng / Creative Wrtg 1 33 / Early Coll Sem / English @ / English @35,1@ / English @36,1@ / English @35,1@36,1@ / Honors Eng @37 84 / Honors Eng / Mythology / Span Lang Arts / Spch & Debate 1 22 / PAGE 26 MATH / Algebra Sem 1 17 /

53 RICHFIELD PUBLIC SCHOOLS SENIOR HIGH - NUMBER OF CLASSES BY SUBJECT AND CLASS SIZE - S1 SUBJECT < STU / SESS CLASS SIZE AP Stats 1 15 / Adv Algebra / Adv Alg Sem 1 29 / CIS Calculus / CIS Calc Sem 1 15 / CIS Statistics / CIS Stats Sem 1 15 / Early Coll Sem / Geometry @37,1@ / Geometry Sem / Hon Adv Algebra @35,1@ / Hon Geometry 1@37,1@39 76 / Honors Pre Calc / Intmdt Algebra @ / Pre Calculus 1 1@39 67 / MUSIC / Music Appre 1 1@35 63 / PHYSICAL ED / Adv Basketball 1 1 1@36 92 / Adv Soccer / Adv Team Sprts 1 1 1@35 87 / Adv Volleyball 1 23 / First Aid CPR 1 32 / Health 1 1 1@38,1@ / Life Act/Self Df / Strength 2 46 / Team Sports 1 1 2@35,1@ / Ultimate Games 1 17 / VolleyBall/LA 1@38 38 / SCIENCE / AP Biology / Biology @35,1@ / Biology Sem 1 25 / CIS Physlgy 1 25 / CIS Physics / CIS Physics Inq / CIS Physics Sem 1@8 8 / Col Prep Chem 1 1@36,2@ / CP Chem Sem 1@37 37 / Col Prep Biology 1 1 1@36, 1@ / CP Bio Sem 1@37 37 / ELD Biology 1 18 / Forensics 1 1@35 65 / Gen Chemistry @ / Gen Chem Sem 1 33 / Gen Physics 1 30 / Life Sci Sem 1 22 / Outdoor Env Sci 1 29 / Phy Science @35,1@ / PAGE 27

54 RICHFIELD PUBLIC SCHOOLS SENIOR HIGH - NUMBER OF CLASSES BY SUBJECT AND CLASS SIZE - S1 SUBJECT < STU / SESS CLASS SIZE SOCIAL STUDIES / American Gov't 2 2@37,1@ / AP Human Geo @38,2@39,2@ / AP Hum Geo Sem / AP Psychology 1 18 / AP World Hist 2 1@37 99 / AP W Hist Sem 1@39 39 / CIS Am Hist I / CIS Am Hist Sem 1 25 / CIS Pol Science 1 1@40 56 / ELD Geography 1 14 / History Thru Film 1 34 / Psychology 1 34 / US History 1 1@40,1@41,1@ / World History 3@40,2@ / World Hist Sem 1 12 / Stu Sess Class Size TOTAL SENIOR HIGH / THE CLASSES LISTED BELOW ARE NOT INCLUDED ABOVE: Class Student/Se Class Size Stu Sess Class Size Special Education 557/ / ESL 118/ DLI Elective 88/ Acc English 52/ Acc Math 33/ Independent Study 16/2 8.0 Band 38/ Inst Studio 16/ Jazz 16/ Symp Winds 26/ Choir 42/ Study Hall 167/ Ext Campus at SEC 51/ PSEO 15 full time, 12 part time Student Aide Genesys Works Hennepin Tech PAGE 28

55 SCHOOL by Student Grade ALASKAN ASIAN HISPANIC BLACK HAWAIIAN RACES WHITE Total Total Count ECSE (Pre K) M F M F M F M F M F M F M F M F M F 1-Oct Total Percent 0.00% 13.95% 25.58% 16.28% 0.00% 6.98% 37.21% 62.79% 67.44% 32.56% RDLS M F M F M F M F M F M F M F M F M F 1-Oct Total VPK K Percent 0.00% 0.88% 69.25% 2.21% 0.22% 4.20% 23.23% 76.77% 45.13% 54.87% CENTENNIAL M F M F M F M F M F M F M F M F M F 1-Oct Total VPK K Percent 2.51% 3.97% 51.98% 20.25% 0.00% 7.93% 13.36% 86.64% 54.91% 45.09% SHERIDAN M F M F M F M F M F M F M F M F M F 1-Oct Total VPK K Percent 0.39% 9.06% 22.24% 21.06% 0.20% 12.80% 34.25% 65.75% 52.17% 47.83% STEM M F M F M F M F M F M F M F M F M F 1-Oct Total AMER IND Gender and Ethnic Enrollment - ESCE, Elementary & Voluntary PreK RICHFIELD PUBLIC SCHOOLS VPK K NUMBER OF STUDENTS BY ETHNICITY OR MORE Percent 1.19% 7.80% 24.47% 17.20% 0.26% 11.90% 37.17% 62.83% 55.82% 44.18% Minority TOTALS Gender PRE K - Grade Total Percent % % % % % % % % 53.13% 46.87% PAGE 29 Gender and Ethnic Enrollment - SEC, RCEP, Secondary & District-Wide

56 RICHFIELD PUBLIC SCHOOLS SCHOOL by AMER IND NUMBER OF STUDENTS BY ETHNICITY 2 OR MORE Minority TOTALS Gender Student Grade ALASKAN ASIAN HISPANIC BLACK HAWAIIAN RACES WHITE Total Total Count SEC-TRAN/CONN M F M F M F M F M F M F M F M F M F 1-Oct Total Percent % % % % % % % % 62.50% 37.50% RMS M F M F M F M F M F M F M F M F M F 1-Oct Total Percent % % % % % % % % 52.99% 47.01% RHS M F M F M F M F M F M F M F M F M F 1-Oct Total Percent % % % % % % % % 51.16% 48.84% RCEP M F M F M F M F M F M F M F M F M F 1-Oct Total Percent % % % % % % % % 54.17% 45.83% Grade Total Percent % % % % % % % % 52.12% 47.88% PRE-K to Grade TOTAL PERCENT % % % % % % % % 52.65% 47.35% The minority student enrollment has decreased from 72.6% to 72.1%, a decrease.5% since October 1, PAGE 30

57 SCHOOL by Student Grade ALASKAN ASIAN HISPANIC BLACK HAWAIIAN RACES WHITE Total Count ECSE (Pre K) M F M F M F M F M F M F M F M F Total 1-Oct Total Percent % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% RDLS M F M F M F M F M F M F M F M F Total 1-Oct Total Percent VPK K % 0.22% 46.68% 0.00% 0.00% 0.00% 0.00% 46.90% CENTENNIAL M F M F M F M F M F M F M F M F Total 1-Oct Total Percent VPK K % 2.51% 41.54% 2.51% 0.00% 0.00% 0.21% 46.76% SHERIDAN M F M F M F M F M F M F M F M F Total 1-Oct Total Percent VPK K STEM M F M F M F M F M F M F M F M F Total 1-Oct Total Percent AMER IND VPK K % 4.50% 14.15% LEP Enrollment - Elementary RICHFIELD PUBLIC SCHOOLS NUMBER OF STUDENTS BY ETHNICITY OR MORE LEP 0.00% 6.10% 15.94% 6.10% 0.00% 0.79% 0.98% 5.42% 0.00% 0.00% 0.66% PRE K - Grade Total Percent % % % % % % % 34.02% PAGE % 24.87%

58 SCHOOL by AMER IND 2 OR MORE LEP Student Grade ALASKAN ASIAN HISPANIC BLACK HAWAIIAN RACES WHITE Total Count SEC-TRAN/CONN M F M F M F M F M F M F M F M F Total 1-Oct Total Percent RMS M F M F M F M F M F M F M F M F Total 1-Oct Total Percent RHS M F M F M F M F M F M F M F M F Total 1-Oct Total Percent RCEP M F M F M F M F M F M F M F M F Total 1-Oct Total Percent Grade Total Percent % % % % % % % 18.25% PRE-K to Grade TOTAL PERCENT % 0.96% % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.36% 13.21% % 0.00% LEP Enrollment - Secondary & District-Wide RICHFIELD PUBLIC SCHOOLS NUMBER OF STUDENTS BY ETHNICITY 18.48% 1.60% 0.00% 0.00% % 4.17% 2.77% 0.00% % % 2.07% 20.93% 3.00% 0.00% % % 0.00% % 0.00% % 0.32% 0.00% 21.37% 16.34% 8.33% 26.43% The LEP student enrollment has decreased from 26.49% to 26.43%, a decrease of.06% since October 1, PAGE 32

59 Compensatory Enrollment Summary Richfield Public Schools School Years October 1, 2017 Applications SCHOOL YEAR Free Reduced Total F/R Enrolled Richfield High % 63.3% 61.2% Richfield Middle % 64.4% 64.9% STEM % 56.6% 58.4% Centennial % 86.4% 85.8% Sheridan Hills % 58.0% 58.6% RDLS % 61.4% 57.9% RCEP % 75.0% 70.0% ECSE % 42.0% 60.4% SEC Transitions % 53.8% 50.0% District Totals % 63.8% 63.6% PAGE 33

60 SCHOOL by Grade ALASKAN ASIAN HISPANIC BLACK HAWAIIAN RACES WHITE Total Count ECSE (Pre K) FR RE FR RE FR RE FR RE FR RE FR RE FR RE FR RE Total 1-Oct Total Percent RDLS FR RE FR RE FR RE FR RE FR RE FR RE FR RE FR RE Total 1-Oct Total Percent VPK K CENTENNIAL FR RE FR RE FR RE FR RE FR RE FR RE FR RE FR RE Total 1-Oct Total Percent VPK K SHERIDAN FR RE FR RE FR RE FR RE FR RE FR RE FR RE FR RE Total 1-Oct Total Percent VPK K STEM FR RE FR RE FR RE FR RE FR RE FR RE FR RE FR RE Total 1-Oct Total Percent 2.71% % 6.68% 10.86% VPK K Compensatory Enrollment - Elementary RICHFIELD PUBLIC SCHOOLS NUMBER OF STUDENTS BY ETHNICITY - FR = FREE LUNCH, RE = REDUCED LUNCH AMER IND % 2.33% % 0.00% 0.00% 56.64% 1.33% % % 16.49% 97 2 OR MORE % 3.94% 19.09% 17.91% 0.20% 8.27% 9.06% 0.79% 4.76% 19.44% 8.14% % % % 0.26% 6.48% 2.33% 5.81% 2.65% % % Compensatory 36.05% 63.94% 82.46% 58.66% 55.95% MDE PRE K - Grade Total Percent % 3.11% % 12.76% 0.18% 6.01% 8.42% 62.95% PAGE 34 Compensatory Enrollment - Secondary & District-Wide

61 RICHFIELD PUBLIC SCHOOLS SCHOOL by AMER IND 2 OR MORE Compensatory Student Grade ALASKAN ASIAN HISPANIC BLACK HAWAIIAN RACES WHITE Total Count SEC-TRAN/CONN FR RE FR RE FR RE FR RE FR RE FR RE FR RE FR RE Total 1-Oct Total Percent RMS FR RE FR RE FR RE FR RE FR RE FR RE FR RE FR RE Total 1-Oct Total Percent RHS FR RE FR RE FR RE FR RE FR RE FR RE FR RE FR RE Total 1-Oct Total Percent RCEP FR RE FR RE FR RE FR RE FR RE FR RE FR RE FR RE Total 1-Oct Total Percent Grade Total Percent % % % % % % % 65.57% PRE-K to Grade TOTAL PERCENT NUMBER OF STUDENTS BY ETHNICITY - FR = FREE LUNCH, RE = REDUCED LUNCH % 0.00% 12.50% 25.00% % 3.31% 41.45% % % 0.00% % 0.11% 4.49% % 34.82% 16.34% 0.09% 3.48% 5.36% 29.17% 14.58% 0.00% 0.00% 25.00% 0.00% % 3.07% 34.45% 13.72% 0.14% 5.00% % 4.17% 2.08% 7.09% 62.50% 68.16% 64.11% 50.00% 64.21% The percent of students on Free/Reduced lunch has increased from 63.8% to 64.2%, an increase of.4% since October 1, PAGE 35

62 R I C H F I E L D P U B L I C S C H O O L S Enrollment Options - Summary by District and by Grade Level DISTRICT PreK K TOTAL IN OUT IN OUT IN OUT IN OUT IN OUT IN OUT IN OUT IN OUT IN OUT IN OUT IN OUT IN OUT IN OUT IN OUT IN OUT Anoka Bloomington Brooklyn Center Burnsville Central Columbia Hgts Eastern Carver Eden Prairie Edina Farmington Fergus Falls Hopkins Houston Inver Grove Hghts Lakeville Minneapolis Minnetonka Moundsview Osseo Robbinsdale Rosemount Roseville SEC Academy Shakopee South Wash Count Spring Lk Park St Cloud St Louis Park St Paul St Paul - North St Paul - West Wayzata Westonka Worthington "In" means a student coming in from another district - attending Richfield. "Out" means a Richfield student attending another district. PAGE 36

63 R I C H F I E L D P U B L I C S C H O O L S Enrollment Options History School Years IN OUT IN OUT IN OUT IN OUT IN OUT IN OUT IN OUT IN OUT IN OUT Pre-K - Grade 2 Total Difference, "In" minus "Out" Grade 3-5 Total Difference, "In" minus "Out" Grade 6-8 Total Difference, "In" minus "Out" Grade 9-12 Total Difference, "In" minus "Out" Total Difference NOTES: (A) "In" means a student coming in from another district - attending Richfield. (B) "Out" means a Richfield resident attending another district. PAGE 37

64 RICHFIELD RESIDENTS ATTENDING NON-PUBLIC SCHOOLS - School Years Name of School City PreK K Benilde-St. Margaret St. Louis Pk Bethany Academy Bloomington Blake Hopkins Blessed Trinity Richfield Bloomington Lutheran Bloomington Breck Minneapolis Calvin Christian Edina Chapel Hill Academy Chanhassen City Lakes - Waldorf Minneapolis Concordia Academy Minneapolis Convent of the Visitation Mendota Hgt Cristo Rey Minneapolis Crown of Life Eagan First Baptist Rosemount Golden Years Edina Groves Academy St. Louis Pk Hand in Hand Montessori Rosville Holy Angels Richfield Holy Spirit St Paul Homeschool Richfield Hope Academy Minneapolis The International School Eden Prairie Lake Country Minneapolis Life Academy Bloomington Maplewood Academy Hutchinson Maranatha Christian Brooklyn Park Mayer Lutheran Mayer Minnehaha Academy Minneapolis New Life Academy Woodbury Oak Hill Montessori Shoreview Pilgrim Lutheran Church Minneapolis Providence Academy Plymouth Ramalynn Academy Bloomington Southwest Christian High Chaska St. Agnes St. Paul St. Croix Lutheran W St Paul St. John's Lutheran Stillwater Sunny Hollow Montessori St Paul Total Students PAGE 38

65 RICHFIELD RESIDENTS ATTENDING CHARTER SCHOOLS - School Years Name of School City PreK K Augsburg Fairview Academy Minneapolis Aurora Charter School Minneapolis Avalon School St Paul Best Academy Golden Valley Bdote Learning Center Minneapolis Blue Sky Charter St.Paul Cyber Village Academy St. Paul Discovery Charter Inver Grove Hgts Eagle Ridge Academy Eden Prairie EdVisions Off Campus Henderson El Colegio Charter School Minneapolis Flex Academy Richfield Closed June Harvest Prep School Minneapolis Hennepin Elementary Minneapolis Higher Ground Academy St. Paul Hiawatha Academies Minneapolis High Schl For Recording Arts St.Paul Intl Spanish Lang Academy Minnetonka Jennings Comm School St. Paul Lincoln International School Minneapolis Lionsgate Academy Crystal Main Street School Hopkins Metro Ed For Employment Minneapolis Minneapolis Academy Minneapolis Closed June MN International Middle Minneapolis MN Internship Center Minneapolis MN Transitions Charter Minneapolis Nasha Shkola St. Paul Nova Classical Academy St.Paul Paideia Academy Apple Valley Partnership Academy Richfield Prodeo Academy Minneapolis Sabathani Campus Minneapolis Seven Hills Prep Academy Bloomington Spero Academy Minneapolis St. Paul City School St. Paul St. Paul Conservatory St. Paul Step Academy Charter Inver Grove Hgts StoneBridge World School Minneapolis Summit Charter Minneapolis Twin Cities Academy HS St. Paul Twin Cities German Imm St. Paul Twin Cities Intl Elem Minneapolis Ubah Medical Academy Minneapolis Upper Mississippi Academy St Paul Venture Academy Minneapolis Watershed Academy Richfield Yinghua Academy Minneapolis Total Student PAGE 39

66 FOR INFORMATION Agenda Item III.A.3 Board of Education Independent School District 280 Richfield, Minnesota Regular Meeting, February 5, 2018 SUBJECT: Budget Update (Prepared by Craig Holje and Jim Gilligan) Attached is a draft of a new report showing budget to actual expenditures for year to date through December 31, As part of our improved financial processes, we are working on strategies for increased review and budgetary reporting. We will continue to refine this report and provide regular updates to the board regarding potential impacts on the fiscal position of the district. As the tool is developed with the new finance system, we will be able to add year-to-year comparisons which will provide additional insight and perspective. Year to date expenditures show 41% of budgeted expenditures in the general fund and 31% overall have been realized as of December 31, Thirty-two percent of general fund budgeted revenue and 34% of revenue in all funds was received as of December 31, 2017.

67 RICHFIELD PUBLIC SCHOOLS Revenues Year to Date Summary December 31, 2017 FUND FY18 BUDGET REVENUES as of DEC 2017 REMAINING as of DEC 2017 % RECEIVED GENERAL FUND GENERAL Insurance Recovery, Judgements ,881 (67,781) % Local Revenue, Property Tax 13,409,404 6,011,738 7,397, % Local Revenue, Other 1,018, , , % State Revenue 41,863,045 13,110,820 28,752, % Federal Revenue Through MDE 2,044,051 (86) 2,044, % TRANSPORTATION Insurance Recovery, Judgements - 2,571 (2,571) Local Revenue, Other 7,750 15,324 (7,574) % State Revenue 1,808,322 (175,156) 1,983, % STUDENT ACTIVITIES Local Revenue, Other 175, , % GENERAL FUND TOTAL 60,325,865 19,468, % FOOD SERVICE FUND Insurance Recovery, Judgements and 428, , , % Local Revenue, Other 35,000 10,001 24, % State Revenue 150,000 57,167 92, % Federal Revenue Through MDE 2,114, ,668 1,437, % FOOD SERVICE TOTAL 2,727, ,321 1,759, % COMMUNITY SERVICES FUND Local Revenue, Property Tax 454, , , % Local Revenue, Other 327, , , % State Revenue 772, , , % COMMUNITY SERVICES TOTAL 1,554, , , % DEBT REDEMPTION FUND Local Revenue, Property Tax 4,063,607 1,867,325 2,196, % State Revenue - 73 (73) DEBT REDEMPTION TOTAL 4,063,607 1,867,398 2,196, % TRUST FUND Local Revenue, Other - 47,448 (47,448) SELF INSURANCE FUND Local Revenue, Other 6,558,404 2,674,382 3,884, % OPEB TRUST FUND Local Revenue, Other - (81,832) 81,832 OPEB DEBT SERVICE FUND Local Revenue, Property Tax 1,774, ,178 1,321, % ALL FUNDS REVENUES TOTAL 77,004,711 26,258,030 9,889, % Ppd:Finance Printed 1/19/2018

68 RICHFIELD PUBLIC SCHOOLS Expenditures Year to Date Summary December 31, 2017 FUND FY18 BUDGET EXPENDITURES as of DEC 2017 ENCUMBERED as of DEC 2017 REMAINING as of DEC 2017 % EXPENDED & ENC GENERAL FUND GENERAL Capital Expenditures 2,469,181 1,680,145 50, , % Employee Benefits 12,802,950 4,891,835-7,911, % Other Expenditures, Dues & Memberships 144,196 70,214 1,806 72, % Purchased Services 6,374,712 3,114, ,054 2,933, % Salaries & Wages 33,675,320 12,634,096-21,041, % Supplies and Materials 2,339, ,012 70,959 1,354, % TRANSPORTATION Employee Benefits 353, , , % Other Expenditures, Dues & Memberships % Purchased Services 1,101, ,439 4, , % Salaries & Wages 854, , , % Supplies and Materials 297,235 48, , % STUDENT ACTIVITIES Supplies and Materials 175,000 (13,521) , % GENERAL FUND TOTAL 60,587,005 24,509, ,846 35,622, % FOOD SERVICE FUND Capital Expenditures 75,000 79,901 5,260 (10,161) % Employee Benefits 364, , , % Other Expenditures, Dues & Memberships 3, , % Purchased Services 101,500 45,444 88,880 (32,824) % Salaries & Wages 777, , , % Supplies and Materials 1,378, , , , % FOOD SERVICE TOTAL 2,700,327 1,099, ,778 1,144, % COMMUNITY SERVICES FUND Capital Expenditures 3,800 1,250-2, % Employee Benefits 409, , , % Purchased Services 228, ,129 2, , % Salaries & Wages 803, , , % Supplies and Materials 116,154 83,134 3,509 29, % COMMUNITY SERVICES TOTAL 1,560, ,891 5, , % DEBT REDEMPTION FUND Debt Service 4,063, ,544-3,644, % Other Financing Uses 6,340, ,340, % DEBT REDEMPTION TOTAL 10,403, ,544-9,984, % TRUST FUND Other Expenditures, Dues & Memberships - 47,150 - (47,448) SELF INSURANCE FUND Purchased Services 6,057,770 2,736,833-3,320, % OPEB TRUST FUND Employee Benefits 610, , % Purchased Services % OPEB TRUST TOTAL 610, , % OPEB DEBT SERVICE FUND Debt Service 1,774, ,258-1,562, % Other Financing Uses 13,840, ,840, % OPEB DEBT SERVICE TOTAL 15,614, ,258-15,402, % ALL FUNDS EXPENDITURE TOTAL 97,534,625 29,697, ,569 66,919, % Ppd:Finance printed 1/19/2018

69 For Information Agenda Item III.C Board of Education Independent School District 280 Richfield, Minnesota Regular Meeting, February 5, 2018 Subject: Commendations This from the Hintermeister Family was shared with the RDLS Staff: Hello, We just wanted to send a note to share a recent experience affirming how grateful our family has been to have our two daughters Hannah and Madalyn in the Dual Language Immersion program in Richfield. In November our family traveled to Guatemala for 10 days. During this time we participated in 2 ministry projects and visited many sights. Unlike other Spanish speaking countries we ve visited in which we were just tourists, the benefits and long term advantages of being bilingual were especially apparent on this trip. Our daughters Hannah (10th grade) and Madalyn (8th grade) have both participated in the DLI program since kindergarten at RDLS. The advantages we noticed of the girls being fluent in Spanish were: Playing games and participating in activities with Guatemalan youth of all ages Communicating with adults while shopping in the market, using transportation, visiting restaurants, etc. Leading & teaching a Bible lesson and activities to 60 students. This was planned and taught entirely in Spanish by the girls. Reading information at various places (menus, instructions for travel, directions, etc.) Translating an entire guided tour of the National Palace because there wasn t an English speaking guide available. Straightening out communication mix-ups, like when Dave asked to have a hot tub turned on at 10:00 am and instead a ride to the airport arrived. Bottom line is our girls weren t just touring the country, but they were able to get to know the children and the their families in a real way. When we returned Hannah mentioned she would really enjoy a job translating once she is out of college as a means to travel and learn from different cultures. We want you to know how rewarding & valuable this trip was for our family. It put into perspective the importance of all the hard work the district has done to start and continue a DLI program. It s because of your efforts & diligence we were able to experience the country at a deeper level. Our daughters will have opportunities in their lives they may never have had otherwise. Thank you again for being open to feedback on improving the program and allowing the families to be part of the process as it continues to develop. Please feel for free to forward this to anyone else (teachers, school board, prospective families, etc.). Sincerely, Lisa & Dave Hintermeister

70 SUPERINTENDENT'S REPORT AND MINUTES Regular Meeting of the Board of Education Independent School District No. 280, Richfield, Minnesota Richfield Public Schools inspires and empowers each individual to learn, grow and excel CALL TO ORDER Monday, January 8, :00pm Organizational School Board Meeting Minutes The regular meeting of the Board of Education of ISD 280, Hennepin County, Richfield, Minnesota was held on Monday, January 8, 2018, in the District Board Room, 7001 Harriet Avenue South, Richfield, Minnesota. The Organizational Board Meeting was called to order at 7:00 pm by Chair Christine Maleck with the following school board members in attendance: John Ashmead, Crystal Brakke, Paula Cole, Timothy Pollis, and Peter Toensing. Absent: None Administrators present were Superintendent Steven Unowsky, Assistant Superintendent Leadriane Roby, Chief Human Resources and Administrative Officer Craig Holje Chair Maleck called this Organizational Meeting to order AGENDA APPROVAL Motion by Pollis, seconded by Ashmead and unanimously carried, the Board of Education approved the agenda. ELECTION OF OFFICERS Election of Chair Christine Maleck Nominated by Toensing, seconded by Pollis, and Unanimously carried Election of Vice-Chair Crystal Brakke Nominated by Maleck, seconded by Ashmead, and Unanimously carried Election of Clerk John Ashmead Nominated by Pollis, seconded by Brakke, and Unanimously carried Election of Treasurer Tim Pollis Nominated by Ashmead, seconded by Cole, and Unanimously carried January 8, 2018 School Board Meeting Minutes

71 SET HONORARIUM FOR BOARD MEMBERS AND BOARD OFFICERS Motion by Toensing, seconded by Pollis and unanimously carried, the Board of Education has set the Board honorarium at $500 per month, with an additional $300 per year for the Clerk and $600 per year for the Chair. Since 2006, the Board honorarium has been set at $500 per month, with an additional $300 per year for the Clerk and $600 per year for the Chair. REPORTS AND INFORMATION FROM SCHOOL SOURCES R-STEM Principal Amy Winters and Teacher Marissa Flanders updated the board on what the new administration has been working on so far this school year. Amy has done individual listening sessions with the staff. Each staff member created a Selfie Biography Poster to share with their colleagues and the posters are now posted outside each classroom. The school is working on a Needs Assessment. The Leadership Team has representation from every grade level and every department. They are updating collaborative spaces and have started Math Rocks accelerated math programming. Two videos were shown and can be viewed on school board meeting video channel (on the RPS website). SUPERINTENDENT UPDATE Every Student Succeeds Act (ESSA) Update State report is available in the board packet CONSENT AGENDA Motion by Ashmead, second by Brakke and unanimously carried, the Board of Education approved the consent agenda. Routine Matters Minutes of the regular meeting December 22, 2017 General Disbursements as of January 8, 2018, in the amount of $478, Personnel Items Management Team Position for Employment Cory Klinge Director of Technology Certified Full Time Position for Employment 1st Year Probation Wendy Andersen Science/Phy. Ed./Health RCEP Certified Position for Employment Early Learning Christina McDaniels Pre-School Teacher RSTEM Certified Part Time Position for Employment Temporary January 8, 2018 School Board Meeting Minutes

72 Jacqueline Seitl Mathematics Senior High Certified Full Time Request for Leave of Absence Child Care Helder Monette-Weil Dual Immersion Language Arts Senior High Certified Full Time Request for Leave of Absence - Other Rosella Pregler Elementary Education RSTEM Certified Full Time Request to Revise Leave of Absence - Career Development Jennifer Kotsmith Krause Art Senior High Classified Part Time Position for Employment Facilities & Transportation Bruce Baird approx. 10 hr/wk Bus Driver Garage Classified Part Time Termination Facilities & Transportation Lon Sellentine approx.34 hr/wk Bus Driver Garage OLD BUSINESS None NEW BUSINESS ADOPT-A-SCHOOL ASSIGNMENTS Board members conduct a yearly review of Adopt-A-School Assignments. Members will review the proposed list for the 2018 calendar year. The Board of Education will take action on Adopt-A-School assignments at the January 22 meeting. Adopt-A-School Assignments Centennial Sheridan Hills RSTEM RDLS Middle School High School Central Education / RCEP January 2017 Appointments John Ashmead Tim Pollis (Crystal Brakke) Paula Cole Paula Cole and Peter Toensing Crystal Brakke (Tim Pollis) Christine Maleck Peter Toensing BOARD LIAISON ASSIGNMENTS Board members conduct a yearly review of Board Liaison Assignments. Members will review the proposed list for the 2018 calendar year. The Board of Education will take action on Board Liaison Assignments at the January 22 meeting. January 8, 2018 School Board Meeting Minutes

73 BOARD POLICY REVIEW 402 EQUAL EMPLOYMENT OPPORTUNITY First read for review of this policy BOARD POLICY REVIEW EMPLOYEE PUBLICATIONS, INSTRUCTIONAL MATERIALS, INVENTIONS AND CREATIONS First read for review of this policy BOARD POLICY REVIEW LEAVES OF ABSENCE FOR CLASSIFIED PERSONNEL First read for review of this policy ICS CONTRACT OWNER S REPRESENTATIVE ICS CONTRACT COMPREHENSIVE PROJECT REPRESENTATION AND MANAGEMENT SERVICES Motion by Toensing, seconded by Ashmead, and unanimously carried, the Board of Education authorized the District to enter into an agreement with ICS Consulting, Inc.to perform comprehensive project representation and management services as part of the voter approved bond referendum and Long-Term Facilities Maintenance improvements. In the board packet is an agreement for comprehensive project representation and management services with ICS for the voter-approved bond referendum and long-term facilities maintenance projects. The agreement provides additional information regarding background of the work in Richfield along with a summary of the development, design, pre-construction, and post-construction services. There is a fixed fee of $3,073,800 for these services related to the anticipated $119,000,000 project. This represents 3.11% of the anticipated $98,800,000 construction costs which excludes the furniture, fixtures, and equipment along with the other fees, permits and services related to the project. DONATIONS Motion by Toensing, seconded by Brakke and unanimously carried, the Board of Education accepted the following donations with gratitude. Christopher A Carlson sent a donation of $250 to the Ellen Carlson Scholarship Fund. This scholarship is in memory of Ellen M. Carlson. Ellen worked as a Special Education paraprofessional at Richfield High School from January 8, 2018 School Board Meeting Minutes

74 The scholarship is awarded to a graduating senior student from Richfield High School who has been served by a Special Education Individualized Education Plan. The Upper Room Community in Edina donated $1300 to the Richfield STEM School to be used for Media Center books. Tina Lavin donated a saxophone to the Richfield Middle School band department. ADVANCE PLANNING Legislative Update a copy of the Minnesota School Board Association (MSBA) Legislative Platform is included in the board packet INFORMATION AND QUESTIONS FROM THE BOARD None FUTURE MEETING DATES :00 pm Regular Board Meeting :00 pm Study Session with State Legislators 7:00 pm Regular Board Meeting, RMS Presenting SUGGESTED/FUTURE AGENDA ITEMS The district is hosting a community-wide Reimagine Richfield event on January 29 from 6:00 9:00 pm in the high school cafeteria. February - Reimagine Richfield update ADJOURN REGULAR MEETING Motion by Ashmead, seconded by Toensing and unanimously carried, the Board of Education approved adjourning the regular meeting at 8:38 pm. January 8, 2018 School Board Meeting Minutes

75 CHECK RUNS FOR 01 / 22 / 2018 BOARD MEETING BANK 04 STUDENT ACTIVITY ACCT DATE AMOUNT , CHECK REGISTER BANK 04 TOTAL = $ 11, BANK 05 DATE AMOUNT $ 7, E-PAY , $ 87, E-PAY $ 2, , , WIRES , CHECK REGISTER BANK 05 TOTAL = $ 1,519, BANK 07 P - CARD DATE AMOUNT - CHECK REGISTER BANK 07 TOTAL = $ - TOTAL = $ 1,531, ACCT# BREAKDOWN $ 1,404, , , , , , , BANK TOTAL = $ 1,531,693.34

76 FUND CHECK NUMBER ISSUE DATE VENDOR CHECK STATUS TOTAL /16/2018 PAINTERS GEAR V (730.97) /03/2018 TAFFE SARAH ANN R /05/2018 AMAZON.COM GECRB/AMAZON R /05/2018 APPLE INC. R /05/2018 AUTO ELECTRIC OF BLOOMINGTON INC R /05/2018 BARNES & NOBLE BOOK R /05/2018 BAYADA R /05/2018 BAYFIELD FRUIT COMPANY LLC R /05/2018 BEN FRANKLIN ELECTRIC INC R /05/2018 BENCHMARK R /05/2018 BUSINESS ESSENTIALS R /05/2018 BIX FRUIT COMPANY R /05/2018 BOILER SERVICES INC R /05/2018 BSN SPORTS R /05/2018 CAPSTONE PRESS R /05/2018 CARE CAB LLC R /05/2018 CARQUEST AUTO PARTS R /05/2018 CDI COMPUTER DEALERS INC R /05/2018 CEDAR SMALL ENGINE R /05/2018 CHILDRENS THEATRE COMPANY R /05/2018 CITY OF RICHFIELD R /05/2018 COMMERCIAL KITCHEN R /05/2018 CONTINENTAL RESEARCH CORP R /05/2018 CULLIGAN SOFT WATER R /05/2018 DEAN FOODS NORTH CENTRAL LLC V /05/2018 DEAN FOODS NORTH CENTRAL LLC V /05/2018 DEAN FOODS NORTH CENTRAL LLC V /05/2018 DEAN FOODS NORTH CENTRAL LLC V /05/2018 DEAN FOODS NORTH CENTRAL LLC V /05/2018 DEAN FOODS NORTH CENTRAL LLC R /05/2018 DELL MARKETING LP R /05/2018 DEMCO MEDIA R /05/2018 DICKS LAKEVILLE SANITATION INC R /05/2018 DIGI INTERNATIONAL R /05/2018 DIGITAL INSURANCE INC R /05/2018 EARLYCHILDHOOD LLC R /05/2018 DIVERSIFIED SNACK DISTRIBUTION R /05/2018 DOOR SERVICE COMPANY OF THE TWIN CI R 40

77 FUND CHECK NUMBER ISSUE DATE VENDOR CHECK STATUS TOTAL /05/2018 EASYPERMIT POSTAGE R /05/2018 ECM PUBLISHERS INC R /05/2018 ECOLAB INC R /05/2018 EHLERS & ASSOCIATES R /05/2018 ELECTRIC MOTOR REPAIR R /05/2018 ELECTRONIC MUSICAL R /05/2018 FAIRCON SERVICE COMPANY R /05/2018 FASTENAL INDUSTRIAL R /05/2018 FLICEK WELDING R /05/2018 GROUP MEDICAREBLUE RX R /05/2018 HENNEPIN COUNTY TREASURER R /05/2018 HENRY SIBLEY DANCE TEAM BOOSTER R /05/2018 IDEAL ENERGIES LLC R /05/2018 LANGUAGE LINE SERVICE R /05/2018 LVC COMPANIES INC R /05/2018 MINNESOTA WORKWEAR INC R /05/2018 HOFF ANNE R /05/2018 U OF MN SCHOOL OF MUSIC R /05/2018 ALLSTATE PETERBILT OF S ST PAUL R /05/2018 WILSON LANGUAGE TRAINING CORP R /10/2018 ABER NICHOLE R /10/2018 ARVIG ENTERPRISES INC R /10/2018 BAHNEMANN ANDREW JAMES R /10/2018 BAYADA R /10/2018 BEN FRANKLIN ELECTRIC INC R /10/2018 BOTHUN DYLAN R /10/2018 BUCK HILL INC. R /10/2018 CARQUEST AUTO PARTS R /10/2018 CATALYST BUYING GROUP LLC R /10/2018 CHEATHAM REAME M R /10/2018 CITY OF CHASKA R /10/2018 CITY OF RICHFIELD R /10/2018 CONTEMPORARY TRANSPORTATION LLC R /10/2018 CONTINENTAL RESEARCH CORP R /10/2018 CUB FOODS R /10/2018 DAKOTA ACADEMIC CONSULTING INC R /10/2018 DOOR SERVICE COMPANY OF THE TWIN CI R /10/2018 DORNFELD MATTHEW R 76

78 FUND CHECK NUMBER ISSUE DATE VENDOR CHECK STATUS TOTAL /10/2018 ECM PUBLISHERS INC R /10/2018 ECOLAB INC R /10/2018 EDUCATORS BENEFIT CONSULTANTS R /10/2018 FAISON JOHN R /10/2018 FATH CUTTER, NOELLA R /10/2018 FINANGER PHILLIP J R /10/2018 FLICEK WELDING R /10/2018 FLOYD LOCK AND SAFE R /10/2018 G&K SERVICES R /10/2018 GRIFFITHS DANNY W R /10/2018 GSSC-GENERAL SECURITY SERVICE R /10/2018 HAWKINS INC R /10/2018 HERITAGE CRYSTAL CLEAN INC R /10/2018 HERLING RILEY R /10/2018 HILLYARD R /10/2018 HOERNING CODY R /10/2018 ZACKS INC R /10/2018 HOGAN ASSESSMENT SYSTEMS INC R /10/2018 HOGLUND BODY & EQUIPMENT INC R /10/2018 HOGLUND BUS CO INC R /10/2018 HOME DEPOT U.S.A. R /10/2018 HONDA FINANCIAL SERVICES R /10/2018 HONEYWELL INTERNATIONAL R /10/2018 IDENTISYS INC R /10/2018 IIX INSURANCE INFORMATION EXCHANGE R /10/2018 INDOFF INC R /10/2018 INSPEC INC R /10/2018 INTEGRATED FIRE & SECURITY INC R /10/2018 INTERMEDIATE DISTRICT 287 R /10/2018 INTERSTATE POWER SYSTEMS R /10/2018 ISD 625 PRINT CENTER R /10/2018 JOHNSON OK HARDWARE R /10/2018 JW PEPPER & SON INC R /10/2018 KELLEY FUELS INC R /10/2018 KIEFFER ROBERT JOHN R /10/2018 KINECT ENERGY INC R /10/2018 KREMER SERVICES LLC R /10/2018 LAKESHORE LEARNING R

79 FUND CHECK NUMBER ISSUE DATE VENDOR CHECK STATUS TOTAL /10/2018 LANGUAGE TESTING INTERNATIONAL INC R /10/2018 LESSONPIX INC R /10/2018 LOFFLER COMPANIES R /10/2018 MADISON NATIONAL LIFE INS CO INC R /10/2018 MADSEN JOHN C R /10/2018 MALLOY MONTAGUE KARNOWSKI & RADO R /10/2018 MAVO SYSTEMS INC R /10/2018 METROPOLITAN MECHANICAL CONTRACTORS R /10/2018 MIDWEST BUS PARTS INC R /10/2018 MINNEAPOLIS SOUTH HIGH SCHOOL R /10/2018 MINNESOTA BOARD OF EDUCATION R /10/2018 MINNESOTA CLAY COMPANY R /10/2018 MINNESOTA WORKWEAR INC R /10/2018 TDRF INC R /10/2018 MIRA R /10/2018 MOORE KENAN R /10/2018 NCS PEARSON INC R /10/2018 NOODLE TOOLS INC R /10/2018 NORTH CENTRAL BUS R /10/2018 NORTHERN STAR COUNCIL / BSA R /10/2018 NYS CHILD SUPPORT PROCESSING CENTER R /10/2018 OCCUPATIONAL MEDICINE CONSULTANTS R /10/2018 ODONNELL BAYLEE ANN R /10/2018 OKEY CHRIS R /10/2018 PAN O GOLD BAKING CO R /10/2018 PATTERSON JAMES R /10/2018 PIONEER RIM AND WHEEL R /10/2018 OLYMPIC POOLS R /10/2018 PLASTIC BAGMART R /10/2018 PRAXAIR DISTRIBUTION R /10/2018 PREMIUM WATERS INC R /10/2018 VOLMCO ENTERPRISES R /10/2018 PUMP & METER SERVICE R /10/2018 RICHFIELD CHAMBER OF COMMERCE R /10/2018 RICHFIELD GIRLS SWIM & DIVE BOOSTER R /10/2018 RICHFIELD GYMNASTICS CLUB R /10/2018 RICHFIELD ICE ARENA R /10/2018 ROSENQUIST CONSTRUCTION INC R

80 FUND CHECK NUMBER ISSUE DATE VENDOR CHECK STATUS TOTAL /10/2018 RUPP ANDERSON SQUIRES & WALDSPURGER R /10/2018 RYAN JEANNIE M R /10/2018 SCHOOL SERVICE EMPLOYEES R /10/2018 SCHOOL SPECIALTY INC R /10/2018 SCHUMACHER ELEVATOR COMPANY R /10/2018 HAMMER SPORTS LLC R /10/2018 SELLARS JASON R /10/2018 SHERWIN WILLIAMS CO R /10/2018 SHIFFLER EQUIPMENT R /10/2018 ST CROIX FENCE INC R /10/2018 STRATEGIC EQUIPMENT & SUPPLY R /10/2018 STREET FACTORY MEDIA INC R /10/2018 STURGES SHANE R /10/2018 SUBURBAN TIRE WHOLESALE R /10/2018 TEAMWORKS INTERNATIONAL INC R /10/2018 THREE RIVERS PARK DISTRICT R /10/2018 TIRE TOWN INC R /10/2018 TOLL COMPANY R /10/2018 TRANSFINDER CORPORATION R /10/2018 TRIO SUPPLY COMPANY R /10/2018 TRISTATE BOBCAT INC R /10/2018 UHL COMPANY INC R /10/2018 UNITED STATES TREASURER R /10/2018 UPPER LAKES FOODS V /10/2018 UPPER LAKES FOODS R /10/2018 VERIZON WIRELESS R /10/2018 VOSS ELECTRIC CO R /10/2018 ALLSTATE PETERBILT OF S ST PAUL R /10/2018 WET TECHNOLOGY INC R /10/2018 WOLTER STORFF, RIK R /10/2018 MUSICIANS FRIEND INC R /10/2018 WOOT MATH INC R /10/2018 WW GRAINGER INC V /10/2018 WW GRAINGER INC R /10/2018 XCEL ENERGY R /10/2018 CITY OF RICHFIELD R /17/2018 AMPLIFIED IT LLC R /17/2018 BIX FRUIT COMPANY R

81 FUND CHECK NUMBER ISSUE DATE VENDOR CHECK STATUS TOTAL /17/2018 BLUE CROSS BLUE SHIELD OF MINNESOTA R /17/2018 LOFFLER R V /04/2018 DAVID M BOIE R V /04/2018 JEAN A CADY R V /04/2018 MARY L CLARKSON R V /04/2018 TIA B CLASEN R V /04/2018 LATANYA R DANIELS R V /04/2018 GEORGE A DENNIS R V /04/2018 RYAN D FINKE R V /04/2018 MICHAEL L FRANKENBERG R V /04/2018 TERESA M FREEMAN R V /04/2018 JAMES A GILLIGAN R V /04/2018 CHRISTINA M GONZALEZ R V /04/2018 PAM A HAUPT R V /04/2018 CRAIG D HOLJE R V /04/2018 CAROL A HUTTNER R V /04/2018 DANIEL E KRETSINGER R V /04/2018 MELANIE R LAWRENCE-SMITH R V /04/2018 DOUG R MCMEEKIN R V /04/2018 CAROLE R MCNAUGHTON-COMMERS R V /04/2018 KENT D MEYER R V /04/2018 EVELYN D MILLER R V /04/2018 JOEL R MILTEER R V /04/2018 BETH A PICARD R V /04/2018 LEADRIANE L ROBY R V /04/2018 TERESA L ROSEN R V /04/2018 MAUREEN E RUHLAND R V /04/2018 MARTA I SHAHSAVAND R V /04/2018 BRADLEY J SHURTS R V /04/2018 NANCY J STACHEL R V /04/2018 STEVEN P UNOWSKY R V /04/2018 CARRIE A VALA R V /04/2018 REBECCA S WALD R V /04/2018 MICHAEL J WALLUS R V /04/2018 KASYA L WILLHITE R V /04/2018 AMY J AHSENMACHER WINTER R V /04/2018 LEE ANN WISE R V /04/2018 BRIAN J ZAMBRENO R 70

82 FUND CHECK NUMBER ISSUE DATE VENDOR CHECK STATUS TOTAL 01 V /12/2018 CAROLINA J ANAYA-GENNRICH R V /12/2018 PHOEBE L ANDERSON R V /12/2018 LISA M BAIRD R V /12/2018 SHARON L BROCKBERG R V /12/2018 TERESA M FREEMAN R V /12/2018 MELISSA L GLAVAS R V /12/2018 GUADALUPE P HERNANDEZ-BALBUENA R V /12/2018 JENNIFER B HECHT R V /12/2018 JONATHAN W HEYER R V /12/2018 MELISSA M HUSABY R V /12/2018 ANNE-MARIE KILSTOFTE R V /12/2018 JENNIFER KOTSMITH KRAUS R V /12/2018 KATIE A M KROULIK R V /12/2018 KATHLEEN M LAMBERGER R V /12/2018 JENNIFER K LEWIS R V /12/2018 CHRISTI JO MACE R V /12/2018 ANGELA M MARYN R V /12/2018 SHERRI L MEDVEC R V /12/2018 MARY M MEYER R V /12/2018 YURI MORALES-LOPEZ R V /12/2018 JODI A NICKELL R V /12/2018 AMY M PONCE R V /12/2018 DEBORAH A RODGERS R V /12/2018 MAUREEN E RUHLAND R V /12/2018 LYNN A SAINATI R V /12/2018 RUTH L SHELDON R V /12/2018 JUDY L VAILLANCOURT-YERHOT R V /12/2018 MELISSA J WILLIAMS R V /05/2018 EDUCATION RICHFIELD R V /05/2018 EDUCATORS BENEFIT CONSULTANTS R V /05/2018 INTERNAL REVENUE SERVICE R V /05/2018 MINNESOTA CHILD SUPPORT R V /05/2018 MINNESOTA DEPARTMNT R V /05/2018 PUBLIC EMPLOYEE RETIREMENT ASSOCIAT R V /05/2018 TEACHERS RETIREMENT ASSOCIATION R V /05/2018 TRUST POINT INC R /08/2018 ANDERSON JOSH R /16/2018 ANDERSON JOSH V (68.00)

83 FUND CHECK NUMBER ISSUE DATE VENDOR CHECK STATUS TOTAL /16/2018 BENZ ZACHARY V (15.00) /08/2018 BENZ ZACHARY R /08/2018 BOLDT DAVID V (95.20) /08/2018 BOLDT DAVID R /08/2018 BOWERS JAMES R /08/2018 BOWERS JAMES V (46.40) /08/2018 BRAULT SHANNON V (673.56) /08/2018 BRAULT SHANNON R /08/2018 CORDERO ANA R /08/2018 CORDERO ANA V (457.45) /08/2018 CUMIGAD CAITLIN V (566.51) /08/2018 CUMIGAD CAITLIN R /08/2018 DAHL CASEY R /08/2018 DAHL CASEY V (372.76) /08/2018 DAHLIEN DRAKE V (63.40) /08/2018 DAHLIEN DRAKE R /08/2018 FAMODU OLAYINKA JAMES R /08/2018 FAMODU OLAYINKA JAMES V (71.00) /08/2018 GREAT AMERICAN OPPORTUNITY V (167.10) /08/2018 GREAT AMERICAN OPPORTUNITY R /08/2018 HAAR RAYMOND V (27.20) /08/2018 HAAR RAYMOND R /08/2018 HALL EVYNN V (471.26) /08/2018 HALL EVYNN R /08/2018 HILE ALEXIS R /08/2018 HILE ALEXIS V (493.96) /08/2018 HUGHES MATTHEW V (52.20) /08/2018 HUGHES MATTHEW R /08/2018 HUTTNER TYANNAH V (55.20) /08/2018 HUTTNER TYANNAH R /08/2018 JAGDEO SABEENA R /08/2018 JAGDEO SABEENA V (773.41) /08/2018 KNIPP LANDON V (107.76) /08/2018 KNIPP LANDON R /08/2018 LAMPRON JOSEPH R /08/2018 LAMPRON JOSEPH V (74.26) /08/2018 LEE REBECCA V (44.40) /08/2018 LEE REBECCA R 44.4

84 FUND CHECK NUMBER ISSUE DATE VENDOR CHECK STATUS TOTAL /08/2018 LENNON MADELINE V (580.81) /08/2018 LENNON MADELINE R /08/2018 LUNDEEN RYAN R /08/2018 LUNDEEN RYAN V (401.71) /08/2018 MARKET DISTRIBUTION INC V (694.80) /08/2018 MARKET DISTRIBUTION INC R /08/2018 MCCARTAN PHOEBE R /08/2018 MCCARTAN PHOEBE V (554.36) /08/2018 MELENDEZ JAMES V (154.26) /08/2018 MELENDEZ JAMES R /08/2018 O'DONNELL BRIANNA V (383.01) /08/2018 O'DONNELL BRIANNA R /08/2018 PEARCE KATHERINE R /08/2018 PEARCE KATHERINE V (476.21) /08/2018 REINHARDT HALEY V (39.20) /08/2018 REINHARDT HALEY R /08/2018 RICHFIELD ISD #280 R /08/2018 RICHFIELD ISD #280 V (1,100.25) /08/2018 SCHAEFER JOEL V (445.96) /08/2018 SCHAEFER JOEL R /08/2018 TEABOUT NYAH R /08/2018 TEABOUT NYAH V (410.26) /08/2018 TENZIN DEKYI V (160.80) /08/2018 TENZIN DEKYI R /08/2018 TENZIN TSETEN V (25.40) /08/2018 TENZIN TSETEN R /08/2018 VERBRUGGE SAMUEL V (275.26) /08/2018 VERBRUGGE SAMUEL R /08/2018 VOIGT WILLIAM R /08/2018 VOIGT WILLIAM V (832.81) /08/2018 WALLACE LEANMARIA R /08/2018 WALLACE LEANMARIA V (98.76) /08/2018 WIGDAHL ALEXANDER V (321.46) /08/2018 WIGDAHL ALEXANDER R /08/2018 ANDERSON JOSH R /08/2018 BENZ ZACHARY R /08/2018 BOLDT DAVID R /08/2018 BOWERS JAMES R 46.4

85 FUND CHECK NUMBER ISSUE DATE VENDOR CHECK STATUS TOTAL /08/2018 BRAULT SHANNON R /08/2018 CORDERO ANA R /08/2018 CUMIGAD CAITLIN R /08/2018 DAHL CASEY R /08/2018 DAHLIEN DRAKE R /08/2018 FAMODU OLAYINKA JAMES R /08/2018 GREAT AMERICAN OPPORTUNITY R /08/2018 HAAR RAYMOND R /08/2018 HALL EVYNN R /08/2018 HILE ALEXIS R /08/2018 HUGHES MATTHEW R /08/2018 HUTTNER TYANNAH R /08/2018 JAGDEO SABEENA R /08/2018 KNIPP LANDON R /08/2018 LAMPRON JOSEPH R /08/2018 LEE REBECCA R /08/2018 LENNON MADELINE R /08/2018 LUNDEEN RYAN R /08/2018 MARKET DISTRIBUTION INC R /08/2018 MCCARTAN PHOEBE R /08/2018 MELENDEZ JAMES R /08/2018 O'DONNELL BRIANNA R /08/2018 PEARCE KATHERINE R /08/2018 REINHARDT HALEY R /08/2018 RICHFIELD ISD #280 R /08/2018 SCHAEFER JOEL R /08/2018 TEABOUT NYAH R /08/2018 TENZIN DEKYI R /08/2018 TENZIN TSETEN R /08/2018 VERBRUGGE SAMUEL R /08/2018 VOIGT WILLIAM R /08/2018 WALLACE LEANMARIA R /08/2018 WIGDAHL ALEXANDER R /12/2018 SPRINGER ERIN R /12/2018 TAMKO ZAMARA R TOTAL DISBURSEMENTS 1,531,693.34

86 CHECK RUNS FOR 02 / 05 / 2018 BOARD MEETING BANK 04 STUDENT ACTIVITY ACCT DATE AMOUNT No checks - CHECK REGISTER BANK 04 TOTAL = $ - BANK 05 DATE AMOUNT 1/26/2018 $ 206, E-PAY 2/1/2018 4, /29/2018 1, /30/ /1/2018 $ 252, CHECK REGISTER BANK 05 TOTAL = $ 465, BANK 07 P - CARD DATE AMOUNT No checks - CHECK REGISTER BANK 07 TOTAL = $ - TOTAL = $ 465, ACCT# BREAKDOWN 465, BANK TOTAL = 465,521.67

87 FUND CHECK NUMBER ISSUE DATE VENDOR CHECK STATUS TOTAL /26/2018 BEN FRANKLIN ELECTRIC INC R /26/2018 CANON USA R /26/2018 CARE CAB LLC R 3, /26/2018 CARQUEST AUTO PARTS R /26/2018 CENTURYLINK R /26/2018 CEP ART & DESIGN R 1, /26/2018 COMMERCIAL ROOFING& SHEET METAL INC R 33, /26/2018 DIGI INTERNATIONAL R /26/2018 FASTENAL INDUSTRIAL R /26/2018 FORBES PAULA R 6, /26/2018 FREEWAY FORD R /26/2018 G&K SERVICES R /26/2018 GEARITY PHD ANNE R /26/2018 GOMEZ GERARDA ANNE FRANCIS R /26/2018 GROTH MUSIC COMPANY R /26/2018 GROUP MEDICAREBLUE RX R 5, /26/2018 GSSC-GENERAL SECURITY SERVICE R /26/2018 HAWKINS INC R 1, /26/2018 HILLYARD R 8, /26/2018 HOGLUND BUS CO INC R /26/2018 HONEYWELL INTERNATIONAL R 60, /26/2018 HOUSE OF PRINT R 4, /26/2018 INSTITUTE FOR ENVIROMENTAL R 1, /26/2018 INTEGRATED FIRE & SECURITY INC R /26/2018 MASA R /26/2018 MESPA-MN ELEMENTARY R /26/2018 METRO SALES INC. R /26/2018 MINNESOTA CLAY COMPANY R /26/2018 MINNESOTA COMMUNITY ED ASSOC R 1, /26/2018 MINNESOTA UI FUND R 12, /26/2018 MINVALCO INC R /26/2018 MNIAAA R /26/2018 OCCUPATIONAL MEDICINE CONSULTANTS R 78.50

88 /26/2018 YOUTH LENS 360 R 1, /26/2018 PEG STAINER R /26/2018 PILGRIM CLOTHING CARE CENTER R /26/2018 PRAXAIR DISTRIBUTION R /26/2018 SANTOS KHAMVONGSA R /26/2018 SHERWIN WILLIAMS CO R /26/2018 PARK ADAM TRANSPORTATION R 52, /26/2018 SUBURBAN TIRE WHOLESALE R /26/2018 SURVEYMONKEY.COM R /26/2018 TAHO SPORTSWEAR INC R /26/2018 TIRE TOWN INC R /26/2018 TOLL COMPANY R /26/2018 TRUSTED EMPLOYEES R /26/2018 UHL COMPANY INC R /26/2018 WW GRAINGER INC R /26/2018 BREKKE ERIC R /26/2018 BUSBY TREVOR R /26/2018 CARLSON NELSON R /26/2018 FINANGER PHILLIP J R /26/2018 GREEN RICHARD KENN R /26/2018 KEVIN DEBEZELLE R /26/2018 KIEFFER ROBERT JOHN R /26/2018 MCGOLDRICK BRIAN R /26/2018 OKEY CHRIS R /26/2018 ROLL JENNIFER EVELYN R /26/2018 SELLARS JASON R /26/2018 TIMOTHY WEHR R /26/2018 WALL DARLAN R /29/2018 RYAN JEANNIE M R /29/2018 UNITED HEALTHCARE R /29/2018 UNITED HEALTHCARE V (572.62) /29/2018 RYAN JEANNIE M R /29/2018 UNITED HEALTHCARE R

89 FUND CHECK NUMBER ISSUE DATE VENDOR CHECK STATUS TOTAL /30/2018 UNITED HEALTHCARE R /30/2018 UNITED HEALTHCARE V (193.60) /30/2018 UNITED HEALTHCARE INSURANCE CO R /30/2018 UNITED HEALTHCARE M /01/2018 BAYADA R 2, /01/2018 BLUE CROSS BLUE SHIELD OF MINNESOTA R 5, /01/2018 BRICKMAN JACQUYLYN R 1, /01/2018 CARDONA IVAN R /01/2018 CITY OF RICHFIELD R 6, /01/2018 GROTH MUSIC COMPANY R /01/2018 HENNESSY CATHERINE R /01/2018 INSTITUTE FOR ENVIROMENTAL R /01/2018 INTERMEDIATE DISTRICT 287 R /01/2018 MADISON NATIONAL LIFE INS CO INC R 11, /01/2018 MINNESOTA DEPARTMENT OF PUBLIC R /01/2018 OCCUPATIONAL MEDICINE CONSULTANTS R /01/2018 SUNBELT STAFFING R 1, /01/2018 TAFFE SARAH ANN R 7, /01/2018 UNIVERSITY OF MINNESOTA R 7, /01/2018 STUDENT ACTIVITY ACCOUNT R 207, V /01/2018 DAVID M BOIE R V /01/2018 JEAN A CADY R V /01/2018 MARY L CLARKSON R V /01/2018 TIA B CLASEN R V /01/2018 LATANYA R DANIELS R V /01/2018 GEORGE A DENNIS R V /01/2018 RYAN D FINKE R V /01/2018 PETER J FITZPATRICK R V /01/2018 MICHAEL L FRANKENBERG R V /01/2018 TERESA M FREEMAN R V /01/2018 JAMES A GILLIGAN R V /01/2018 CHRISTINA M GONZALEZ R V /01/2018 DIRK C GUSTAFSON R

90 FUND CHECK NUMBER ISSUE DATE VENDOR CHECK STATUS TOTAL 01 V /01/2018 KYLE L GUSTAFSON R V /01/2018 PAM A HAUPT R V /01/2018 CRAIG D HOLJE R V /01/2018 CAROL A HUTTNER R V /01/2018 CORY J KLINGE R V /01/2018 DANIEL E KRETSINGER R V /01/2018 ANOOP KUMAR R V /01/2018 MELANIE R LAWRENCE-SMITH R V /01/2018 DANIEL P MCGINN R V /01/2018 DOUG R MCMEEKIN R V /01/2018 CAROLE R MCNAUGHTON-COMMERS R V /01/2018 KENT D MEYER R V /01/2018 EVELYN D MILLER R V /01/2018 JOEL R MILTEER R V /01/2018 ROBERT G OLSON R V /01/2018 BETH A PICARD R V /01/2018 KEITH D RIEF R V /01/2018 LEADRIANE L ROBY R V /01/2018 TERESA L ROSEN R V /01/2018 MAUREEN E RUHLAND R V /01/2018 MARTA I SHAHSAVAND R V /01/2018 RUTH L SHELDON R V /01/2018 BRADLEY J SHURTS R V /01/2018 NANCY J STACHEL R V /01/2018 PATRICK M SURE R V /01/2018 IAN D TOLENTINO R V /01/2018 STEVEN P UNOWSKY R V /01/2018 CARRIE A VALA R V /01/2018 RYAN WAGNER R V /01/2018 REBECCA S WALD R V /01/2018 MICHAEL J WALLUS R V /01/2018 KASYA L WILLHITE R 70.00

91 FUND CHECK NUMBER ISSUE DATE VENDOR CHECK STATUS TOTAL 01 V /01/2018 LEE ANN WISE R V /01/2018 BRIAN J ZAMBRENO R /26/ /01/2018 Total Disbursements 465,451.67

92 Richfield Public Schools Statement of Investments December 2017 Purchase Maturity Principal Date Date Instrument Maturity Yield General Fund $ 12,711, Dec Jan-18 MN TRUST TERM SERIES PMA Financial 10,000, % 03-Aug Jan-18 CAPITAL BANK NA PMA Financial 247, % 03-Aug Jan-18 EAST BOSTON SAVINGS BANK PMA Financial 247, % 06-Jun Jun-18 CIT BANK / ONEWEST BANK, NA PMA Financial 244, % 17-Jun Jun-18 Wells Fargo Bank, NA - Sd Certificate of Deposit PMA Financial 249, % 27-Feb Jul-18 CFG COMMUNITY BANK PMA Financial 246, % 27-Feb Jul-18 FIRST INTERNET BANK OF INDIANA PMA Financial 246, % 28-Sep Sep-18 BANK OF CHINA PMA Financial 246, % 01-Nov Jan-19 PACIFIC WESTERN BANK PMA Financial 245, % 01-Nov Jan-19 BANK OF THE OZARKS PMA Financial 245, % 01-Nov Jan-19 FIELDPOINT PRIVATE BANK & TRUST PMA Financial 245, % 01-Nov Jan-19 CORPORATE ONE FEDERAL CREDIT UNION PMA Financial 245, % Ruth Johnson Scholarship Trust Fund $ 210, Jul Jul-19 CD-CIT Bank, UT Morgan Stanley 210, % OPEB Trust Fund $ 10,612, Jun Feb-18 Brainerd Minn Indpt Sch Dist #181 Taxable OPEB Ser A PMA Financial 1,496, % 07-Oct Oct-18 FARMERS & MERCHANTS UNION BANK PMA Financial 240, % 14-Oct Oct-18 Goldman Sachs Bank USA Certificate of Deposit PMA Financial 247, % 14-Oct Oct-18 American Express Centurion Bank Certificate of Deposit PMA Financial 247, % 14-Oct Oct-18 Keybank NA Certificate of Deposit PMA Financial 105, % 02-Feb Feb-19 STEARNS BANK NA (N) PMA Financial 240, % 02-Feb Feb-19 METROPOLITAN COMMERCIAL BANK PMA Financial 240, % 02-Feb Feb-19 UNITED BANK PMA Financial 1,796, % 02-Feb Feb-19 FIRST NATIONAL BANK PMA Financial 240, % 02-Feb Feb-19 T BANK, NA PMA Financial 240, % 02-Feb Feb-19 GESA CREDIT UNION PMA Financial 240, % 19-May May-19 SONABANK PMA Financial 241, % 04-Oct Jun-19 ELMIRA CITY NY SCHOOL DISTRICT PMA Financial 416, % 01-Oct Dec-19 MONROE TWP NJ MIDDLESEX CNTY PMA Financial 1,379, % 10-Jan Jan-20 PENTAGON FEDERAL CREDIT UNION (183 day and out) PMA Financial 1,700, % 19-May May-20 SOUTHSIDE BANK PMA Financial 238, % 13-Oct Oct-20 KS STATEBANK / KANSAS STATE BANK OF MANHATTAN PMA Financial 235, % 13-Oct Oct-20 KEMBA FINANCIAL FCU PMA Financial 236, % 13-Oct Oct-20 MAINSTREET BANK PMA Financial 237, % 31-Oct Oct-20 SECURITY STATE BANK PMA Financial 236, % 31-Oct Oct-20 FIRST CENTRAL BANK MCCOOK PMA Financial 236, % 18-Dec Dec-20 GREAT MIDWEST BANK PMA Financial 115, %

93 Board of Education Independent School District 280 Richfield, Minnesota Agenda Item IV.B Regular Meeting, February 5, 2018 Subject: PERSONNEL ITEMS (Recommended by Superintendent) That the Board of Education approve the following personnel items: Management Team Retirement Carol Huttner Director of Early Learning Certified Full Time Position for Employment Temporary Amberly Mobley Elementary Education RSTEM Certified Full Time Requests for Extended Leave of Absence Christina Conrad Special Education Centennial Debra Pflipsen-Krinkie Math Senior High Certified Full Time Request for Disaster Leave Benefit Rachael Millet Elementary Education RDLS Certified Full Time Retirements Diane Erdmann Elementary Education RSTEM Teresa Freeman ECSE Central Mary Paulson Grade 6 Middle School Susan Peploe Elementary Education RSTEM Sandra Stone Math Intervention RSTEM Susan Szczukowski Special Education SEC Certified Full Time Resignations Dean Breuer Business/Marketing currently on leave of absence Anne Hillman ESL Sheridan Hills Certified Part Time Position for Employment 1 of 3 Prob./Temporary John Gallagher Language Arts Senior High Certified Part Time Retirements Kay Chambers Math Intervention Centennial Ann Dougherty Literacy Intervention RSTEM

94 Classified Full Time Position for Employment Facilities & Transportation Kyle Grose-Thompson Building Cleaner Senior High Classified Full Time Resignation Office Personnel Carol Jensen Senior Clerk District Office Classified Full Time Termination Paraprofessional Jared Noonan Campus Supervisor Middle School Classified Part Time Positions for Employment Facilities & Transportation Daniel Forcier approx. 30 hr/wk Bus Driver Garage Ferdinand Rieck approx. 30 hr/wk Bus Driver Garage Jerome Zeigler approx. 30 hr/wk Bus Driver Garage Classified Part Time Position for Employment Outreach Najma Abdille 20 hr/wk Bilingual Outreach Worker Central Classified Part Time Positions for Employment Paraprofessionals Edgar Galvan Contreras hr/wk Special Ed. Para SEC Gursharan Kaur 20 hr/wk Instructional Assessment Para RSTEM Sharla Michalik hr/wk Special Ed. Para Senior High Marguerite Sauer hr/wk Special Ed. Para Middle School Susan Westvig 30 hr/wk Special Ed. Para Centennial Classified Part Time Retirement Paraprofessional Jan Nordstrom 35 hr/wk Instructional (Health) Para Holy Angels Classified Part Time Resignation Facilities & Transportation Antoinette King approx. 25 hr/wk Bus Driver Garage Classified Part Time Resignation Food & Nutrition Services Sharon Brockberg 25 hr/wk Kitchen Assistant Senior High

95 OLD BUSINESS- FOR REVIEW Agenda Item V.A Board of Education Independent School District 280 Richfield, Minnesota Regular Meeting, February 5, 2018 Subject: Board Member Adopt-A-School Recommended by Superintendent that the board approve this updated list of Adopt-A- School Assignments. Board members conduct a yearly review of Adopt-A School Assignments. Adopt-A-School Assignments Centennial Sheridan Hills RSTEM RDLS Middle School High School Central Education / RCEP January 2018 Appointments John Ashmead Crystal Brakke Paula Cole Paula Cole and Peter Toensing Tim Pollis Christine Maleck Peter Toensing

96 NEW BUSINESS- FOR REVIEW Agenda Item VI.B Board of Education Independent School District 280 Richfield, Minnesota Regular Meeting, February 5, 2018 Subject: Board Liaison Assignments Recommended by Superintendent that the board approve this updated list of Board Liaison Assignments. Board members conduct a yearly review of Board Liaison Assignments. ORGANIZATION PURPOSE MEETING SCHEDULE & LOCATION 2018 APPOINTMENTS Association of Metropolitan School Districts (AMSD) Board Representatives Negotiations & District Insurance Committee Community Education Advisory Council Continuing Education Relicensure Committee District Construction Committee District Curriculum Committee AMSD s primary task is to lobby at the state level for the needs of metropolitan school districts. Advisory role The mission of Community Ed is to bring together school and community services. Community Representative 1 st Friday of the month - TIES in Roseville 2 nd Wednesday of the month 2 nd Monday of the month at Central from 6:00-7:30pm Morning meetings spring/summer Wednesdays 5 times per year Peter Toensing/ Christine Maleck Superintendent Tim Pollis Peter Toensing Crystal Brakke Linda Boyd John Ashmead Christine Maleck Paula Cole District Health, Safety & Wellness Committee District Technology Committee Quarterly Meets 5 times per year John Ashmead Christine Maleck (ECSU) Metropolitan Educational Cooperative Service Unit Metro ECSU helps schools and other government agencies fulfill their missions by 3 rd Wednesday of the 3:30pm Peter Toensing

97 Fiscal Planning Advisory Committee Friends of Wood Lake (FOWL) Headway Emotional Health Services Hennepin South Services Collaborative Richfield Community Council/Alliance for Families & Children delivering high quality services while reducing costs through collaboration. Advocacy and fundraising group in support of the nature center. Experienced emotional and mental health care professionals HSSC invests in and collaborates with community partners to ensure quality services to children, youth, and families in the Bloomington, Eden Prairie, and Richfield communities. 2 nd Monday of the month 3 rd Thursday of the month 4:30pm Christine Maleck Tim Pollis rotate with Superintendent Christine Maleck Carole McNaughton- Commers Intermediate District 287 MSBA Delegate Assembly Metro South Adult Basic Education Educational partner providing innovative specialized services to meet the unique learning needs students. MSBA supports, promotes and enhances the work of public school boards and public education. Educational partner providing basic adult education. Meets once yearly (December) Crystal Brakke Paula Cole Carole McNaughton- Commers Minnesota State High School League Richfield Chamber of Commerce Provides opportunities for athletics and fine arts competition Brings together the business and professional people of the city to create a better business climate. Meets monthly Dave Boie, AD Tim Pollis Superintendent Craig Holje

98 Richfield City Council and Planning Commission Richfield Community Services Advisory Commission Richfield Foundation Richfield Historical Society Richfield Human Rights Commission RPS Foundation Richfield Spartan Foundation TIES Work Experience Advisory Committee Guides Richfield development City issues related to recreation, parks, public works Partners with nonprofit and neighborhood organizations to support Richfield community, families, and children. Collects, preserves and shares the story of Richfield Helps to secure human rights and equal opportunity for residents of Richfield Supports RPS with educational grants for enrichment Supports the youth of Richfield Golf Tournament, Scholarships Educational technology solutions collaborative Advises RPS workbased learning program 2nd and 4th Tuesday each 3 rd Tuesday of the month 1 st Tuesday of the 6:30 pm at Richfield City Hall Quarterly on a Thursday at 6:30 pm Meet on an as needed basis Contact Bill Davis rd Wednesday of the month 7am-9am Monthly on a Friday Paula Cole Christine Maleck Dan Kretsinger Peter Toensing Superintendent Paula Cole Student Rep Tim Pollis Paula Cole Superintendent Tim Pollis Cory Klinge Crystal Brakke Tim Pollis

99 OLD BUSINESS - FOR ACTION Agenda Item V.C Board of Education Independent School District 280 Richfield, Minnesota Regular Meeting, February 5, 2018 Subject: Superintendent recommends approval of updates to this board policy. Background Information School Board policies are reviewed in a 5 year cycle. See policies attached Board Policy 402 Equal Employment Opportunity For comparison MSBA Model Policy Equal Employment Opportunity is also attached.

100 Section 400 Board Policy 402 Employees/Personnel page RICHFIELD PUBLIC SCHOOLS EQUAL EMPLOYMENT OPPORTUNITY I. PURPOSE The purpose of this policy is to provide equal employment opportunity for all applicants for school district employment and school district employees. II. GENERAL STATEMENT OF POLICY A. The policy of the school district is to provide equal employment opportunity for all applicants and employees. The school district does not unlawfully discriminate on the basis of race, color, creed, religion, national origin, sex, gender, marital status, status with regard to public assistance, disability, sexual orientation, age, family care leave status or veteran status. The school district also makes reasonable accommodations for the known disabilities of its employees and qualified applicants for employment. B. The school district prohibits the harassment of any individual for any of the categories listed above. For information about the types of conduct that constitute impermissible harassment and the school district's internal procedures for addressing complaints of harassment, please refer to Board Policy Racial, Religious, and Sexual Harassment and Violence. C. This policy applies to all areas of employment including hiring, discharge, promotion, compensation, facilities or privileges of employment. D. It is the responsibility of every school district employee to follow this policy. Every School district employee shall be responsible for following this policy. E. Any person having any questions regarding this policy should discuss it with the Director of Human Resources and Administrative Services, Superintendent, or designee. Legal References: MSA 363 (A) (Minnesota Human Rights Act) 29 U.S.C. 621 et. seq. (Age Discrimination in Employment Act) 29 U.S.C (Family and Medical Leave Act) 38 U.S.C et seq. (Vietnam Era Veterans Readjustment Assistance Act) 38 U.S.C et. seq. (Veterans Reemployment Rights Act) 42 U.S.C. 2000e et seq. (Title VII of the Civil Rights Act) 42 U.S.C et seq. (Americans with Disabilities Act) Cross Reference: Board Policy Racial, Religious, and Sexual Harassment and Violence Policy ADOPTED BY THE BOARD OF EDUCATION: December 18, 1995

101 Section 400 Board Policy 402 Employees/Personnel page AMENDED BY THE BOARD OF EDUCATION: November 6, 2000; October 4, 2004, June 11, 2012, January 22February 5, 2018

102 Adopted: MSBA/MASA Model Policy 401 Orig Revised: Rev EQUAL EMPLOYMENT OPPORTUNITY [Note: School districts are not required by statute to have a policy addressing these issues. However, the Equal Employment Opportunity Commission strongly encourages the adoption of a policy and will look for such a policy during accreditation visits, audits, or investigations.] I. PURPOSE The purpose of this policy is to provide equal employment opportunity for all applicants for school district employment and school district employees. II. GENERAL STATEMENT OF POLICY A. The policy of the school district is to provide equal employment opportunity for all applicants and employees. The school district does not unlawfully discriminate on the basis of race, color, creed, religion, national origin, sex, gender, marital status, status with regard to public assistance, disability, sexual orientation, age, family care leave status, or veteran status. The school district also makes reasonable accommodations for disabled employees. B. The school district prohibits the harassment of any individual for any of the categories listed above. For information about the types of conduct that constitute impermissible harassment and the school district s internal procedures for addressing complaints of harassment, please refer to the school district s policy on harassment and violence. C. This policy applies to all areas of employment including hiring, discharge, promotion, compensation, facilities, or privileges of employment. D. Every school district employee shall be responsible for following this policy. E. Any person having a question regarding this policy should discuss it with (specify, e.g., the Personnel Manager). Legal References: Minn. Stat. Ch. 363A (Minnesota Human Rights Act) 29 U.S.C. 621 et seq. (Age Discrimination in Employment Act) 29 U.S.C (Family and Medical Leave Act) 38 U.S.C et seq. (Employment and Training of Veterans) 38 U.S.C et seq. (Employment and Reemployment Rights of Members of the Uniformed Services) 42 U.S.C. 2000e et seq. (Title VII of the Civil Rights Act) 401-1

103 42 U.S.C et seq. (Equal Opportunity for Individuals with Disabilities) Cross References: MSBA/MASA Model Policy 402 (Disability Nondiscrimination) MSBA/MASA Model Policy 405 (Veteran s Preference) MSBA/MASA Model Policy 413 (Harassment and Violence) 401-2

104 OLD BUSINESS - FOR ACTION Agenda Item V.D Board of Education Independent School District 280 Richfield, Minnesota Regular Meeting, February 5, 2018 Subject: Superintendent recommends approval of updates to this board policy. Background Information School Board policies are reviewed in a 5 year cycle. See policies attached Board Policy 405 Employee Publications, Instructional Materials, Inventions and Creations For comparison MSBA Model Policy Equal Publications, Instructional Materials, Inventions, and Creations is also attached.

105 Section 400 Board Policy 405 Personnel page RICHFIELD PUBLIC SCHOOLS EMPLOYEE PUBLICATIONS, INSTRUCTIONAL MATERIALS, INVENTIONS AND CREATIONS I. PURPOSE The purpose of this policy is to identify and reserve the proprietary rights of the school district to certain publications, instructional materials, inventions, and creations which employees may develop or create, or assist in developing or creating, while employed by the school district. II. GENERAL STATEMENT OF POLICY Unless the employee develops, creates or assists in developing or creating a publication, instructional material, computer program, invention or creation entirely on the employee s own time and without the use of any school district facilities or equipment, the employee shall immediately disclose and, on demand of the school district, assign any rights to publications, instructional materials, computer programs, materials posted on websites, inventions or creations which the employee develops or creates or assists in developing or creating during the term of employee s employment. In addition, employees shall sign such documents and perform such other acts as may be necessary to secure the rights of the school district relating to such publications, instructional materials, computer programs, inventions and/or creations, including domestic and foreign patents and copyrights III. NOTICE OF POLICY. The school district shall give employees notice of this policy by such means are reasonably likely to inform them of this policy. Legal References: Minn. Stat ( Agreements; Terms Relating to Inventions) 17 U.S.C. 101 et seq. (Copyrights) Cross References: ADOPTED BY THE BOARD OF EDUCATION: October 21, 1996 REAFFIRMED BY THE BOARD OF EDUCATION: January 7, 2002 REVISED: June 17, 2008, January 22, 2018February 5, 2018

106 Adopted: MSBA/MASA Model Policy 409 Orig Revised: Rev EMPLOYEE PUBLICATIONS, INSTRUCTIONAL MATERIALS, INVENTIONS, AND CREATIONS I. PURPOSE The purpose of this policy is to identify and reserve the proprietary rights of the school district to certain publications, instructional materials, inventions, and creations which employees may develop or create, or assist in developing or creating, while employed by the school district. II. GENERAL STATEMENT OF POLICY Unless the employee develops, creates or assists in developing or creating a publication, instructional material, computer program, invention or creation entirely on the employee s own time and without the use of any school district facilities or equipment, the employee shall immediately disclose and, on demand of the school district, assign any rights to publications, instructional materials, computer programs, materials posted on websites, inventions or creations which the employee develops or creates or assists in developing or creating during the term of employee s employment and for [school district should select time] thereafter. In addition, employees shall sign such documents and perform such other acts as may be necessary to secure the rights of the school district relating to such publications, instructional materials, computer programs, materials posted on websites, inventions and/or creations, including domestic and foreign patents and copyrights. III. NOTICE OF POLICY The school district shall give employees notice of this policy by such means as are reasonably likely to inform them of this policy. Legal References: Minn. Stat (Agreements; Terms Relating to Inventions) 17 U.S.C. 101 et seq. (Copyrights) Cross References: 409-1

107 OLD BUSINESS - FOR ACTION Agenda Item V.E Board of Education Independent School District 280 Richfield, Minnesota Regular Meeting, February 5, 2018 Subject: Superintendent recommends approval of the review of this board policy. Background Information School Board policies are reviewed in a 5 year cycle. See policies attached Board Policy 481 Leaves of Absence for Classified Personnel There is not an equivalent MSBA policy for this RPS policy.

108 Section 400 Board Policy 481 Personnel page RICHFIELD PUBLIC SCHOOLS LEAVES OF ABSENCE FOR CLASSIFIED PERSONNEL Military Leave Any classified employee who is a member of an armed forces reserve organization and who is called up for training or active duty shall be paid the difference between the pay received for such military duty and the rate regularly paid by the district, for a period of up to fifteen days in any calendar year. Moreover, the employee shall not lose seniority status, vacation, sick leave, or any benefits while engaged in such period of training or active service. This payment will be limited to fifteen days per year and will be paid upon presentation of a certificate of satisfactory performance of said duties. Longer leaves of absence without pay and reinstatement rights for an employee called to active service in time of war or other emergency declared by proper authority, shall be governed by state law. Emergency Leave An employee may request a leave of absence, without pay, in cases of prolonged illness or other emergencies. An employee granted an emergency leave of absence shall suffer no loss of seniority or job rights and shall return at the same salary status as prevailed when the leave was granted. Jury Duty Classified personnel absent from their duties because of jury duty shall be paid the difference between their normal salary and that remuneration received for such jury duty. The continuation of normal salary is subject to the reimbursement to the district of the amount paid by the court for services rendered. Other Leaves Requests for unpaid leaves of absence other than those described above shall be considered pursuant to Board Policy Leave of Absence. Legal References: Minn. Stat , Subd. 1: State and Municipal officers and employees not to lose pay while on military duty. Minn. Stat (Leaves of Absence) Cross Reference: Board Policy Leaves of Absence ADOPTED BY THE BOARD OF EDUCATION: January 22, 1991 AMENDED BY THE BOARD OF EDUCATION: March 15, 1999, June 14, 2004 REVIEWED BY THE BOARD OF EDUCATION: January 22, 2018February 5, 2018

109 FOR ACTION-OLD BUSINESS Agenda Item V.F Board of Education Independent School District 280 Richfield, Minnesota Regular Meeting, February 5, 2018 SUBJECT: 2018A & 2018B General Obligation School Building and Facilities Maintenance Bond Bid Awards Recommended by the Superintendent that the Board of Education approve the attached resolutions and the bid awards for the 2018A General Obligation School Building Bonds and the 2018B General Obligation Facilities Maintenance Bonds. Background Information (Prepared by Craig Holje and James Gilligan) Our consultants from Ehlers & Associates will be present to report on the bid openings regarding the bid awards for the 2018A General Obligation School Building Bonds and the 2018B General Obligation Facilities Maintenance Bonds and will provide the School Board with the bid tabulations and recommendations. The draft resolutions for the bid awards is attached for your review. The finalized document reflecting the recommendations will be presented at the School Board meeting.

110 CERTIFICATION OF MINUTES RELATING TO GENERAL OBLIGATION SCHOOL BUILDING BONDS, SERIES 2018A ISSUER: INDEPENDENT SCHOOL DISTRICT NO. 280 (RICHFIELD PUBLIC SCHOOLS) RICHFIELD, MINNESOTA BODY: SCHOOL BOARD KIND, DATE, TIME AND PLACE OF MEETING: A regular meeting held on February 5, 2018, at 7:00 o'clock p.m., in the District. MEMBERS PRESENT: MEMBERS ABSENT: Documents Attached: Extract of Minutes of said meeting. RESOLUTION AWARDING THE SALE, DETERMINING THE FORM AND DETAILS, AUTHORIZING THE EXECUTION, DELIVERY, AND REGISTRATION, AND PROVIDING FOR THE PAYMENT OF GENERAL OBLIGATION SCHOOL BUILDING BONDS, SERIES 2018A I, the undersigned, being the duly qualified and acting recording officer of the public corporation issuing the obligations referred to in the title of this certificate, certify that the documents attached hereto, as described above, have been carefully compared with the original records of said corporation in my legal custody, from which they have been transcribed; that said documents are a correct and complete transcript of the minutes of a meeting of the governing body of said corporation, and correct and complete copies of all resolutions and other actions taken and of all documents approved by the governing body at said meeting, so far as they relate to said obligations; and that said meeting was duly held by the governing body at the time and place and was attended throughout by the members indicated above, pursuant to call and notice of such meeting given as required by law WITNESS MY HAND officially as such recording officer this day of February, School District Clerk

111 EXTRACT OF MINUTES OF A MEETING OF THE SCHOOL BOARD OF INDEPENDENT SCHOOL DISTRICT NO. 280 (RICHFIELD PUBLIC SCHOOLS) STATE OF MINNESOTA HELD: FEBRUARY 5, 2018 Pursuant to due call and notice thereof, a regular meeting of the School Board of Independent School District No. 280, State of Minnesota, was duly held on February 5, 2018, at 7:00 o'clock p.m. It was reported that proposals for the purchase of the General Obligation School Building Bonds, Series 2018A of the District had been received prior to 11:00 o'clock a.m., Central Time, pursuant to the Terms of Proposal contained in the Official Statement; that the proposals had been opened, read and tabulated; and that the best proposal of each proposal maker was determined to be as follows: SEE ATTACHED

112 adoption: Member introduced the following resolution and moved its RESOLUTION AWARDING THE SALE, DETERMINING THE FORM AND DETAILS, AUTHORIZING THE EXECUTION, DELIVERY AND REGISTRATION, AND PROVIDING FOR THE PAYMENT OF GENERAL OBLIGATION SCHOOL BUILDING BONDS, SERIES 2018A BE IT RESOLVED by the School Board of Independent School District No. 280, State of Minnesota, as follows: Section 1. Authorization and Sale Authorization. At a meeting held December 18, 2017, this Board determined to sell and issue general obligation bonds of Independent School District No. 280 (the "Issuer" or the "District") in the total aggregate principal amount of $84,725,000 (the "Bonds"), which were authorized by the voters of the District at the special election held November 7, 2017, for the acquisition and betterment of school sites and facilities. In the Terms of Proposal, the District reserved the right, after proposals were opened and prior to award, to increase or decrease the principal amount of the Bonds offered for sale or the amount of any individual maturity, with the increase or decrease to occur in multiples of $5,000 in any of the maturities Sale. The Board, having been advised by Ehlers & Associates, Inc., its independent municipal advisor, has determined that this issue shall be privately sold after receipt of written proposals, as authorized pursuant to Minnesota Statutes, Section , Subdivision 2, as amended. The Board has publicly received and considered all proposals presented in conformity with the Terms of Proposal contained in the Official Statement, which are hereby ratified and confirmed in all respects and are incorporated herein by reference as though fully specified in this paragraph. The most favorable of such proposals is ascertained to be that of (the "Purchaser") to purchase the Bonds at a price of $, plus interest accrued to settlement, and upon the further terms and conditions set forth in the Terms of Proposal contained in the Official Statement and this resolution. Said proposal is hereby accepted and the sale of the Bonds is hereby awarded to said Purchaser Execution of Documents; Return of Good Faith Deposits. The Chair and Clerk are authorized and directed to endorse an acceptance on both copies of the most favorable proposal and to send one copy to the Purchaser.

113 1.04 Compliance with Law. All acts, conditions and things required by the Constitution and laws of the State of Minnesota to be done, to happen and to be performed precedent to the issuance of the Bonds having been done, having happened and having been performed in regular and due form, time and manner as required by law, it is necessary for this Board to establish the form and terms of the Bonds, to provide for the security thereof, and to provide for the issuance of the Bonds forthwith Minnesota School District Credit Enhancement Program. (a) The District hereby covenants and obligates itself to notify the Commissioner of Education of a potential default in the payment of principal and interest on the Bonds and to use the provisions of Minnesota Statutes, Section 126C.55 to guarantee payment of the principal and interest on the Bonds when due. The District further covenants to deposit with the Bond Registrar or any successor paying agent three (3) days prior to the date on which a payment is due an amount sufficient to make that payment or to notify the Commissioner of Education that it will be unable to make all or a portion of that payment. The Bond Registrar for the Bonds is authorized and directed to notify the Commissioner of Education if it becomes aware of a potential default in the payment of principal or interest on the Bonds or if, on the day two (2) business days prior to the date a payment is due on the Bonds, there are insufficient funds to make that payment on deposit with the Bond Registrar. The District understands that as a result of its covenant to be bound by the provisions of Minnesota Statutes, Section 126C.55, the provisions of that section shall be binding as long as any Bonds of this issue remain outstanding. (b) The District further covenants to comply with all procedures now or hereafter established by the Departments of Management and Budget and Education of the State of Minnesota pursuant to Minnesota Statutes, Section 126C.55, subdivision 2(c) and otherwise to take such actions as necessary to comply with that section. Section 2. Bond Terms Designation; Registration; Denomination; Maturities. The $ aggregate principal amount of general obligation bonds sold on this date shall be designated General Obligation School Building Bonds, Series 2018A, shall be dated March 1, 2018, as the date of original issue, and shall be issued forthwith on or after such date using a global book-entry system. The Bonds shall be issued as fully registered bonds and shall be numbered R-1 upward, in the denomination of $5,000 each or any integral multiple thereof of a single maturity. The Bonds shall mature on February 1 in the years and amounts set forth below, and shall bear interest from the most recent Interest Payment Date to which interest has been paid or duly provided for, or, if no interest has been paid or provided for, from the date of original issue until paid or duly called for redemption at the rates per annum set forth below opposite such years and amounts, as follows: 2

114 Interest Interest Year Amount Rate Year Amount Rate In the Terms of Proposal, the District reserved the right, after proposals were opened and prior to award, to increase or decrease the principal amount of the Bonds offered for sale or the amount of any individual maturity, with the increase or decrease to occur in multiples of $5,000 in any of the maturities. The amounts specified above are hereby adopted and approved as so adjusted. The Bonds maturing in the years and are term bonds subject to mandatory redemption in the years and principal amounts as specified in paragraph 2.04(b). These maturities, together with the maturities of all other outstanding general obligation bonds of the Issuer, meet the requirements of Minnesota Statutes, Section Interest Payments. Interest shall be payable semiannually on each February 1 and August 1 to maturity (each an "Interest Payment Date"), commencing August 1, Interest will be calculated on the basis of a 360-day year of twelve 30-day months and will be rounded pursuant to the rules of the MSRB. Interest will be payable in the manner set forth in the form of Global Certificate or Replacement Bond and Paragraph 4.06 of this resolution Use of Global Book-Entry System. (a) Description of System. In order to issue obligations in "global book-entry form", the obligations are issued in certificated form in large denominations, are registered on the books of the Issuer in the name of a depository or its nominee, and are immobilized and held in safekeeping by the depository. The depository, as part of the computerized National Securities Clearance and Settlement System (the "National System"), registers transfers of ownership interests in the obligations by making computerized book entries on its own books and distributing payments on the obligations to its participants shown on its books as the owners of such interests. These participants, which include financial institutions for whom the depository effects book-entry transfers of securities deposited and immobilized with the depository, and other banks, brokers and dealers participating in the National System will do likewise if not the beneficial owners of the obligations. (b) Designation of Depository; Approval of Blanket Issuer Letter of Representations. The Depository Trust Company ("DTC") of New York, New York, a Securities and Exchange Commission designated depository, a limited purpose New York trust company, a member of the Federal Reserve System, and a "clearing corporation" within 3

115 the meaning of the New York Uniform Commercial Code, is hereby designated as the depository (the "Depository") with respect to the Bonds issued hereunder in global bookentry form. There has been submitted to this Board a form of letter of representations (the "Blanket Issuer Letter of Representations") between the Issuer and the Depository setting forth various matters relating to the Depository and its role with respect to the Bonds. This Blanket Issuer Letter of Representations is hereby approved. The Chair or the Clerk is hereby authorized and directed to execute the Blanket Issuer Letter of Representations in substantially the form attached hereto as EXHIBIT C, if such a letter of representations has not already been executed, with only such variations therein as may be required to complete the Blanket Issuer Letter of Representations, or which are not, in the opinion of Bond Counsel, materially adverse to the interests of the Issuer. Execution of the Blanket Issuer Letter of Representations by such official shall be conclusive evidence as to the necessity and propriety of such changes and their approval by Bond Counsel. So long as DTC is the Depository or it or its nominee is the Holder of any Global Certificate, the District shall comply with the provisions of the Blanket Issuer Letter of Representations, as it may be amended or supplemented by the District from time to time with the agreement or consent of DTC. (c) Global Certificates. Upon their original issuance, the Bonds will be issued in the form of a single Global Certificate for each maturity which shall represent the aggregate principal amount of the Bonds due on a particular maturity date (the "Global Certificates"). The Global Certificates will be originally issued and fully registered as to principal and interest in the name of Cede & Co., as nominee of DTC. The Global Certificates will be deposited with the Depository by the Purchaser and will be immobilized as further provided herein. No beneficial owners of interest in the Bonds will receive certificates representing their respective interests in the Bonds except as provided below in clause (e) of this Paragraph Except as so provided, during the term of the Bonds, beneficial ownership (and subsequent transfers of beneficial ownership) of interests in the Global Certificates will be reflected by book entries made on the records of the Depository and its participants and other banks, brokers, and dealers participating in the National System. The Depository's book entries of beneficial ownership interest are authorized to be in integral increments of $5,000, despite the larger authorized denominations of the Global Certificates. Payment of principal of, premium, if any, and interest on the Global Certificates will be made to the Bond Registrar as paying agent, and in turn by the Bond Registrar to the Depository or its nominee as registered owner of the Global Certificates. The Depository, according to the laws and rules governing it, will receive and forward such payments on behalf of the beneficial owners of the Global Certificates. (d) Immobilization of Global Certificates by the Depository. Pursuant to the request of the Purchaser to the Depository, immediately upon the original delivery of the Bonds the Purchaser will deposit the Global Certificates representing all of the Bonds with the Depository. The Global Certificates shall be in typewritten form or otherwise as acceptable to the Depository, shall be registered in the name of the Depository or its nominee and shall be held immobilized from circulation at the offices of the Depository on behalf of 4

116 the Purchaser and subsequent Bondholders. The Depository or its nominee will be the sole Holder of record of the Global Certificates and no investor or other party purchasing, selling or otherwise transferring ownership of interests in any Bond is to receive, hold or deliver any Global Certificates so long as the Depository holds the Global Certificates immobilized from circulation, except as provided below in clause (e) of this Paragraph (e) Transfer or Exchange of Global Certificates; Substitute Depository; Replacement Bonds. Global Certificates evidencing the Bonds may not, after their original delivery, be transferred or exchanged except: (i) Upon exchange of a Global Certificate after a partial redemption, if authorized in Paragraph 2.04 of this resolution; (ii) To any successor of the Depository (or its nominee) or any substitute depository (a "Substitute Depository") designated pursuant to subclause (iii) of this clause (e); provided that any successor of the Depository or any Substitute Depository must be both a "clearing corporation" as defined in the Minnesota Uniform Commercial Code, Minnesota Statutes, Section , and a qualified and registered "clearing agency" as provided in Section 17A of the Securities Exchange Act of 1934, as amended; (iii) To a Substitute Depository designated by and acceptable to the Issuer upon (a) the determination by the Depository that the Bonds shall no longer be eligible for its depository services or (b) a determination by the Issuer that the Depository is no longer able to carry out its functions; provided that any Substitute Depository must be qualified to act as such, as provided in subclause (ii) of this clause (e); or (iv) In the event that (a) the Depository shall resign or discontinue its services for the Bonds or be declared no longer able to carry out its functions and the Issuer is unable to locate a Substitute Depository within two (2) months following the resignation or discontinuance or determination of noneligibility, or (b) the Issuer determines in its sole discretion that (1) the continuation of the book-entry system described herein might adversely affect the interests of the beneficial owners of the Bonds, or (2) it is in the best interests of the beneficial owners of the Bonds that they be able to obtain certificated Bonds, then the Issuer shall notify the Holders of its determination and of the availability of Replacement Bonds to Holders. The Issuer, the Bond Registrar and the Depository shall cooperate in providing Replacement Bonds to Holders requesting the same and the registration, transfer and exchange of such Bonds shall thereafter be conducted as provided in Paragraph 4.04 of this resolution. In the event of the designation of a Substitute Depository as authorized by this clause (e), the Bond Registrar, upon presentation of the Global Certificates, shall register their transfer to the Substitute Depository, and the Substitute Depository shall be treated as the 5

117 Depository for all purposes and functions under this resolution. The Blanket Issuer Letter of Representations shall not apply to the Substitute Depository unless the Issuer and the Substitute Depository so agree, and the execution of a similar agreement is hereby authorized Redemption. (a) Optional Redemption. The Issuer may elect on February 1, 2027, and on any date thereafter, to prepay Bonds due on or after February 1, 2028, at a price of par plus accrued interest. Redemption may be in whole or in part of the Bonds subject to prepayment. If redemption is in part, the Issuer shall determine the order of redemption of Bonds; and if only part of the Bonds having a common maturity date are called for prepayment, the Global Certificates to be prepaid may be prepaid in $5,000 increments of principal and, if applicable, the specific Replacement Bonds to be prepaid shall be chosen by lot by the Bond Registrar as provided below. Bonds or portions thereof called for redemption shall be due and payable on the designated redemption date, and interest thereon shall cease to accrue from and after the redemption date. (b) Mandatory Redemption. (1) The Bonds maturing in the year shall be subject to mandatory redemption at a redemption price equal to the principal amount of the Bonds to be so redeemed plus interest accrued thereon to the date fixed for redemption, on February 1 in the years and principal amounts set forth below: Year Amount $ The procedures for such mandatory redemption shall be the same as specified in this Paragraph 2.04 for optional redemption. In the event that any Bonds maturing in the year are optionally redeemed pursuant to Paragraph 2.04(a) above and cancelled by the Bond Registrar and not reissued, the Bonds maturing in the year so redeemed and cancelled may be applied by the Issuer as a credit against the Bonds to be mandatorily redeemed pursuant to this Paragraph 2.04(b), such credit to be equal to the principal amount of the Bonds maturing in the year so optionally redeemed or cancelled. The Issuer may apply these Bonds so optionally redeemed and cancelled as a credit against the Bonds to be mandatorily redeemed pursuant to this Paragraph 2.04 only if it has notified the Bond Registrar not less than thirty-five (35) days prior to the applicable mandatory redemption date of its election to apply such Bonds as a credit and designating the redemption date to which it is to apply. 6

118 (2) The Bonds maturing in the year shall be subject to mandatory redemption at a redemption price equal to the principal amount of the Bonds to be so redeemed plus interest accrued thereon to the date fixed for redemption, on February 1 in the years and principal amounts set forth below: Year Amount $ The procedures for such mandatory redemption shall be the same as specified in this Paragraph 2.04 for optional redemption. In the event that any Bonds maturing in the year are optionally redeemed pursuant to Paragraph 2.04(a) above and cancelled by the Bond Registrar and not reissued, the Bonds maturing in the year so redeemed and cancelled may be applied by the Issuer as a credit against the Bonds to be mandatorily redeemed pursuant to this Paragraph 2.04(b), such credit to be equal to the principal amount of the Bonds maturing in the year so optionally redeemed or cancelled. The Issuer may apply these Bonds so optionally redeemed and cancelled as a credit against the Bonds to be mandatorily redeemed pursuant to this Paragraph 2.04 only if it has notified the Bond Registrar not less than thirty-five (35) days prior to the applicable mandatory redemption date of its election to apply such Bonds as a credit and designating the redemption date to which it is to apply. (c) Redemption of Global Certificates. Upon a partial redemption in the aggregate principal amount of a Global Certificate which results in the stated amount thereof being reduced, the Holder may in its discretion make a notation of such redemption on the panel provided on the Global Certificate stating the amount so redeemed, or may return the Global Certificate to the Bond Registrar in exchange for a new Global Certificate authenticated by the Bond Registrar, in proper principal amount. Such notation of redemption, if made by the Holder, shall be for reference only, and may not be relied upon by any other person as being in any way determinative of the principal amount of such Global Certificate outstanding, unless the Bond Registrar has signed the appropriate column of the panel. (d) Redemption of Replacement Bonds. To effect a partial redemption of Replacement Bonds having a common maturity date, the Bond Registrar, prior to giving a notice of redemption, shall assign to each Replacement Bond having a common maturity date a distinctive number for each $5,000 of the principal amount of such Replacement Bond. The Bond Registrar shall then select by lot from the numbers so assigned to such Replacement Bonds, using such method of selection as it shall deem proper in its discretion, 7

119 as many numbers as, at $5,000 for each number, shall equal the principal amount of such Replacement Bonds to be redeemed. The Replacement Bonds to be redeemed shall be the Bonds to which were assigned numbers so selected; provided, however, that only so much of the principal amount of each such Replacement Bond of a denomination of more than $5,000 shall be redeemed as shall equal $5,000 of principal amount for each number assigned to it and so selected. If a Replacement Bond is to be redeemed only in part, it shall be surrendered to the Bond Registrar (with, if the Issuer or the Bond Registrar so requires, a written instrument of transfer in form satisfactory to the Issuer and the Bond Registrar duly executed by the Holder thereof or the Holder's attorney duly authorized in writing) and the Issuer shall execute (if necessary) and the Bond Registrar shall authenticate and deliver to the Holder of such Replacement Bond, without service charge, a new Replacement Bond or Bonds of the same series having the same stated maturity and interest rate and of any authorized denomination or denominations, as requested by such Holder, in aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Replacement Bond so surrendered. (e) Notice of Redemption of Global Certificates and Replacement Bonds. The Bond Registrar shall call Bonds for redemption and payment as herein provided upon receipt by the Bond Registrar of a request of the Issuer. The request shall be in written form. The request shall specify the principal amount of Bonds to be called for redemption, the redemption date and the redemption price. Published notice of redemption shall in each case be given in accordance with law, and mailed notice of redemption shall be given to the paying agent and to each affected Holder. If and when the Issuer shall call any of the Bonds for redemption and payment prior to the stated maturity thereof, the Bond Registrar shall give written notice in the name of the Issuer of its intention to redeem and pay such Bonds at the office of the Bond Registrar. The Notice of Redemption shall be given by first class mail, postage prepaid, mailed not less than thirty (30) days prior to the redemption date, to each Holder of Bonds to be redeemed, at the address appearing in the records of the Bond Registrar. For the purpose of giving notice of the redemption of Global Certificates, the Holder of the Global Certificates shall be the Depository or its nominee. In connection with any such notice, the "CUSIP" numbers assigned to the Bonds shall be used. All notices of redemption shall state: (i) (ii) The redemption date; The redemption price; (iii) If less than all outstanding Bonds are to be redeemed, the identification (and, if the case of partial redemption, the respective principal amounts) of the Bonds to be redeemed; 8

120 (iv) That on the redemption date, the redemption price will become due and payable upon each such Bond, and that interest thereon shall cease to accrue from and after said date; and (v) The place where such Bonds are to be surrendered for payment of the redemption price (which shall be the office of the Bond Registrar). Section 3. Form of Bonds. The Bonds to be issued hereunder shall be in the form of Global Certificates unless and until Replacement Bonds are made available as provided herein Global Certificates. The Global Certificates to be issued hereunder, together with the Bond Registrar's Certificate of Authentication, the Register of Partial Payments, the form of Assignment, and the registration information thereon, shall be in substantially the form set forth in EXHIBIT A hereto, which exhibit is incorporated herein by reference as though fully specified in this paragraph, and may be typewritten rather than printed Replacement Bonds. If the Issuer has notified Holders that Replacement Bonds have been made available as provided in Paragraph 2.03(e) of this resolution, then for every Bond thereafter transferred or exchanged (including an exchange to reflect the partial prepayment of a Global Certificate not previously exchanged for Replacement Bonds), the Bond Registrar shall deliver a bond in the form of a Replacement Bond rather than a Global Certificate, but the Holder of a Global Certificate shall not otherwise be required to exchange the Global Certificate for one or more Replacement Bonds since the Issuer recognizes that some Holders may prefer the convenience of the Depository's registered ownership of the Bonds even though the entire issue is no longer required to be in global book-entry form. The Replacement Bonds, together with the Bond Registrar's Certificate of Authentication, the form of Assignment and the registration information thereto, shall be in substantially the form set forth in EXHIBIT B hereto, which exhibit is incorporated herein by reference as though fully specified in this paragraph. Section 4. Execution; Delivery; Registration Appointment of Registrar. Bond Trust Services Corporation, Roseville, Minnesota, is appointed to act as the bond registrar and transfer agent (the "Bond Registrar") and shall do so until a successor Bond Registrar is duly appointed, all pursuant to a contract the Issuer and the Bond Registrar shall execute which is consistent herewith and which the chair and clerk are hereby authorized to execute and deliver. A successor Bond Registrar shall be a bank or trust company eligible for designation as bond registrar pursuant to Minnesota Statutes, Chapter 475. The terms of the appointment of the successor Bond Registrar and its duties shall be specified in a contract between the Issuer and such successor Bond Registrar that is consistent herewith and that the Chair and Clerk are hereby authorized to execute and deliver. The Bond Registrar, which may act through an agent, shall also serve 9

121 as paying agent until and unless a successor paying agent is duly appointed. The Bond Registrar shall pay principal and interest on the Bonds to the registered Holders (or record Holder) of the Bonds in the manner set forth in the form of Global Certificate or Replacement Bond, as applicable, and Paragraph 4.06 of this resolution. The Issuer agrees to pay the reasonable and customary charges for the services of such Bond Registrar Execution of Bonds. The Bonds shall be executed on behalf of the Issuer by the manual signatures of the Chair and Clerk of the School Board; provided, however that both of such signatures may be printed facsimiles, in which event the Bonds shall also be executed manually by the authenticating agent as provided in Minnesota Statutes, Section In the event of disability or resignation or other absence of either such officer, the Bonds may be signed by the manual or facsimile signature of that officer who may act on behalf of such absent or disabled officer. In case either such officer whose signature or facsimile of whose signature shall appear on the Bonds shall cease to be such officer before the delivery of the Bonds, such signature or facsimile shall nevertheless be valid and sufficient for all purposes, the same as if that officer had remained in office until delivery. If the Issuer has adopted a corporate seal, it shall be omitted on the Bonds as permitted by law Authentication; Date of Registration. No Bond shall be valid or obligatory for any purpose or be entitled to any security or benefit under this resolution unless and until a Certificate of Authentication on such Bond, substantially in the form set forth in the form of Global Certificate or Replacement Bond, shall have been duly executed by the manual signature of an authorized representative of the Bond Registrar. Certificates of Authentication on different Bonds need not be signed by the same person. The Bond Registrar shall authenticate each Bond by execution of the Certificate of Authentication on the Bond and shall date each Bond in the space provided as of the date on which the Bond is registered. For purposes of delivering the original Bonds (Global Certificates) to the Purchaser, the Bond Registrar shall insert as the date of registration the date of original issue; and the executed Certificate of Authentication on each Bond shall be conclusive evidence that it has been authenticated and delivered under this resolution Transfer or Exchange. The Issuer will cause to be kept at the principal office of the Bond Registrar a bond register in which, subject to such reasonable regulations as the Bond Registrar may prescribe, the Bond Registrar shall provide for the registration of ownership of Bonds and the registration of transfers and exchanges of Bonds entitled to be registered, transferred or exchanged as herein provided. A Global Certificate shall be registered in the name of the payee on the books of the Bond Registrar by presenting the Global Certificate for registration to the Bond Registrar, whose representative will endorse his or her name and note the date of registration opposite the name of the payee in the certificate of registration on the Global Certificate. Thereafter a Global Certificate may be transferred by delivery with an assignment duly executed by the Holder or the Holder's legal representative, and the Issuer and Bond Registrar may treat the Holder as the person exclusively entitled to exercise all the rights and powers of an owner 10

122 until a Global Certificate is presented with such assignment for registration of transfer, accompanied by assurance of the nature provided by law that the assignment is genuine and effective, and until such transfer is registered on said books and noted thereon by the Bond Registrar, all subject to the terms and conditions provided in this resolution and to reasonable regulations of the Issuer contained in any agreement with, or notice to, the Bond Registrar. Upon surrender for transfer of any Bond at the principal office of the Bond Registrar, the Issuer shall execute (if necessary), and the Bond Registrar shall authenticate, date (in the space designated Date of Registration) and deliver, in the name of the designated transferee or transferees, one or more new Bonds of any authorized denomination or denominations of a like aggregate principal amount, having the same stated maturity and interest rate, as requested by the transferor; provided, however, that no Bond may be registered in blank or in the name of "bearer" or similar designation. When any Bond is presented to the Bond Registrar for transfer, the Bond Registrar may refuse to transfer the same until it is satisfied that the endorsement on such Bond or separate instrument of transfer is valid and genuine and that the requested transfer is legally authorized. The Bond Registrar shall incur no liability for the refusal, in good faith, to make transfers which it, in its judgment, deems improper or unauthorized. At the option of the Holder of a Replacement Bond, Replacement Bonds may be exchanged for Replacement Bonds of any authorized denomination or denominations of a like aggregate principal amount and stated maturity, upon surrender of the Replacement Bonds to be exchanged at the principal office of the Bond Registrar. Whenever any Replacement Bonds are so surrendered for exchange, the Issuer shall execute (if necessary), and the Bond Registrar shall authenticate, date (in the space designated Date of Registration) and deliver the Replacement Bonds which the Holder making the exchange is entitled to receive. Global Certificates may not be exchanged for Global Certificates of smaller denominations. All Bonds surrendered upon any exchange or transfer provided for in this resolution shall be promptly canceled by the Bond Registrar and thereafter disposed of as directed by the Issuer. All Bonds delivered in exchange for or upon transfer of Bonds shall be valid general obligations of the Issuer evidencing the same debt, shall be entitled to the same benefits under this resolution as the Bonds surrendered for such exchange or transfer, and shall carry all the rights to interest accrued and unpaid, and to accrue, which were carried by such other Bonds. Transfer of a Bond may be made on the Issuer's books by the registered owner in person or by the registered owner's attorney duly authorized in writing. Every Bond presented or surrendered for transfer or exchange shall be duly endorsed or be accompanied by a written instrument of transfer, in form satisfactory to the Bond Registrar, duly executed 11

123 by the registered owner thereof, with signature guaranteed, or by the registered owner's attorney duly authorized in writing, and shall include written instructions as to the details of the transfer of the Bond. The Bond Registrar may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection with the transfer or exchange of any Bond and any legal or unusual costs regarding transfers and lost bonds. Transfers shall also be subject to reasonable regulations of the Issuer contained in any agreement with, or notice to, the Bond Registrar, including regulations which permit the Bond Registrar to close its transfer books between record dates and payment dates Mutilated, Lost, Stolen or Destroyed Bonds. In case any Bond shall become mutilated or be lost, stolen or destroyed, the Bond Registrar shall deliver a new Bond of like amount, number, maturity date and tenor in exchange and substitution for and upon cancellation of any such mutilated Bond or in lieu of and in substitution for any such Bond lost, stolen or destroyed, upon payment of the reasonable expenses and charges of the Bond Registrar in connection therewith; and, in the case of a Bond lost, stolen or destroyed, upon filing with the Registrar of evidence satisfactory to it that such Bond was lost, stolen or destroyed, and of the ownership thereof, and upon furnishing to the Bond Registrar of an appropriate bond or indemnity in form, substance and amount satisfactory to it, in which both the Issuer and the Bond Registrar shall be named as obligees. All Bonds so surrendered to the Bond Registrar shall be canceled by it and evidence of such cancellation shall be given to the District. If the mutilated, lost, stolen or destroyed Bond has already matured, it shall not be necessary to issue a new Bond prior to payment Interest Payments; Record Dates. Interest on any Global Certificate shall be paid as provided in the first paragraph thereof and interest on any Replacement Bond shall be paid on each Interest Payment Date by check or draft mailed to the person in whose name the Bond is registered (the "Holder") on the registration books of the Issuer maintained by the Bond Registrar and in each case at the address appearing thereon at the close of business on the fifteenth day of the calendar month next preceding such Interest Payment Date (the "Regular Record Date"). Any such interest not so timely paid or duly provided for shall cease to be payable to the person who is the Holder thereof as of the Regular Record Date, and shall be payable to the person who is the Holder thereof at the close of business on a date fixed for the payment of such defaulted interest (the "Special Record Date"). The Special Record Date shall be fixed by the Bond Registrar whenever money becomes available for payment of the defaulted interest, and notice of the Special Record Date shall be given by the Bond Registrar to the Holders not less than ten (10) days prior thereto. The term "Holder" shall also include those lawfully entitled to take actions on behalf of the beneficial owners of the Bonds for purposes of any consent or approvals given by Holders. 12

124 If the date for payment of the principal of, premium, if any, or interest on this Bond shall be a Saturday, Sunday, legal holiday or a day on which banking institutions in the City of New York, New York, or the city where the principal office of the Bond Registrar is located are authorized by law or executive order to close, then the date for such payment shall be the next succeeding day which is not a Saturday, Sunday, legal holiday or a day on which such banking institutions are authorized to close, and payment on such date shall have the same force and effect as if made on the nominal date of payment Persons Deemed Owners. The Issuer and the Bond Registrar may treat the person in whose name any Bond is registered as the owner of such Bond for the purpose of receiving payment of principal of and premium, if any, and interest (subject to the payment provisions in Paragraph 4.06 above), on such Bond and for all other purposes whatsoever, whether or not such Bond shall be overdue, and neither the Issuer nor the Bond Registrar shall be affected by notice to the contrary. For the purposes of all actions, consents and other matters affecting Holders of Bonds issued under this Resolution as from time to time supplemented, other than payments, redemptions, and purchases, the Issuer may (but shall not be obligated to) treat as the Holder of a Bond the beneficial owner of the Bond instead of the person in whose name the Bond is registered. For that purpose, the Issuer may ascertain the identity of the beneficial owner of the Bond by such means as the Bond Registrar in its sole discretion deems appropriate, including but not limited to a certificate from the Depository or other person in whose name the Bond is registered identifying such beneficial owner Delivery. The Bonds when so prepared and executed shall be delivered by the Treasurer of the Issuer to the Purchaser thereof upon receipt of the purchase price, and the Purchaser shall not be obliged to see to the proper application thereof. Section 5. Debt Redemption Fund and Tax Levies Debt Redemption Fund. The Bonds and the interest thereon shall be payable from the Debt Redemption Fund of the Issuer, which shall be maintained by the Treasurer separate and apart from all other funds of the Issuer so long as any Bonds issued hereunder may be outstanding and unpaid. Money in the Debt Redemption Fund shall be used for no purpose other than payment of principal and interest on obligations of the Issuer, including Bonds issued pursuant to this resolution. If any payment of principal or interest on the Bonds shall become due when there is not sufficient money in the Debt Redemption Fund to make such payment, the Treasurer shall pay the same from the General Fund of the Issuer, and the General Fund shall be reimbursed for such advances out of the proceeds of the taxes levied for the payment of such Bonds. The proceeds of all taxes levied pursuant to this resolution, $ of premium received from the Purchaser of the Bonds, and all other moneys received for or appropriated to the payment of the Bonds and interest thereon shall be paid into the Debt Redemption Fund. 13

125 5.02 Pledge of Full Faith and Credit; Tax Levies. For the prompt and full payment of the principal of and interest on the Bonds as the same respectively become due, the full faith and credit and taxing powers of the Issuer shall be and are hereby irrevocably pledged. In order to provide the moneys for the payment thereof required by Minnesota Statutes, Section , there is hereby levied upon all of the taxable property in the Issuer a direct annual ad valorem tax which shall be spread upon the tax rolls, as a part of other general taxes of the Issuer, for collection in the years and in the amounts as specified on the levy computation sheet attached hereto as EXHIBIT D and incorporated herein by reference as though fully specified in this paragraph. The tax levies provided in this paragraph are such that, if collected in full they, together with estimated collections of other revenues pledged for the payment of the Bonds, will produce at least five percent (5%) in excess of the amounts needed to meet when due the principal and interest payments on the Bonds. Said tax levies shall be irrevocable as long as any of said Bonds are outstanding and unpaid, provided that the Issuer reserves the right and power to reduce the levies in the manner and to the extent permitted by Minnesota Statutes, Section Investment Restrictions. No portion of the proceeds of the Bonds shall be used directly or indirectly to acquire higher yielding investments or to replace funds which were used directly or indirectly to acquire higher yielding investments, except (1) for a reasonable temporary period until such proceeds are needed for the purpose for which the Bonds were issued and (2) in addition to the above in an amount not greater than the lesser of five percent (5%) of the proceeds of the Bonds or $100,000. To this effect, any proceeds of the Bonds and any sums from time to time held in the Construction Fund or Debt Redemption Fund (or any other District account which will be used to pay principal or interest to become due on the Bonds payable therefrom) in excess of amounts which under then applicable federal arbitrage restrictions may be invested without regard to yield shall not be invested at a yield in excess of the applicable yield restrictions imposed by said arbitrage regulations on such investments after taking into account any applicable "temporary periods" or "minor portion" made available under the federal arbitrage regulations. Money in those funds shall not be invested in obligations or deposits issued by, guaranteed by or insured by the United States or any agency or instrumentality thereof if and to the extent that such investment would cause the Bonds to be "federally guaranteed" within the meaning of Section 149(b) of the Internal Revenue Code of 1986, as amended (the "Code") Construction Fund. The proceeds of the bonds not appropriated to the Debt Redemption Fund as provided in Paragraph 5.01 shall be credited to the Issuer's Construction Fund and be used to pay costs incurred in the acquisition and betterment of the school sites and facilities authorized by the electors. 14

126 Section 6. Rebate to the United States Calculation and Payment. The Issuer acknowledges and confirms that maintenance of the tax-exempt status of interest on the Bonds is dependent, among other things, on compliance with the arbitrage requirements set forth in Section 148 of the Code and regulations promulgated thereunder. The Issuer agrees to make such calculations and to make such rebate payments to the United States as and when required by said Section 148 and the regulations promulgated thereunder. In construing this Section 6, all terms used herein shall have the meanings provided in Section 148 of the Code and the regulations promulgated thereunder Opinion of Counsel. Notwithstanding any other provision of this Section 6, any requirement imposed hereunder or under Paragraph 5.03 hereof may be deemed inapplicable and of no force or effect if an opinion of Counsel is rendered to the Issuer by nationally recognized bond counsel to the effect that the failure to impose such requirement will not adversely effect the tax-exempt status of interest on the Bonds. Section 7. Certifications, Designations, Defeasance, Arbitrage, Reporting Filing of Resolution; County Auditor Certificate. The Clerk is hereby authorized and directed to file with the County Auditor of each county in which the Issuer is located in whole or in part a certified copy of this resolution, together with such other information as said County Auditor shall require, and to obtain from said County Auditor a certificate that the tax required by law for the payment of said Bonds has been levied, and that said Bonds have been entered upon the County Auditor's Bond Register Defeasance. When all of the Bonds have been discharged as provided in this paragraph, all pledges, covenants and other rights granted by this resolution shall cease. The Issuer may discharge its obligations with respect to any Bonds which are due on any date by depositing with the Bond Registrar on or before that date a sum sufficient for the payment thereof in full with interest accrued from the due date to the date of such deposit. The Issuer may also discharge all Bonds of said issue at any time by irrevocably depositing in escrow with the Bond Registrar, for the purpose of paying all principal and interest due on such Bonds to maturity, or if prepayable, to an earlier date on which they may be called for redemption, a sum of cash or securities of the types described in Minnesota Statutes, Section , as amended, in such aggregate amount, bearing interest at such rates and maturing or callable at the Issuer's option on such dates as shall be required to provide funds sufficient for this purpose Nondesignation as Qualified Tax-Exempt Obligations. The Board finds that the reasonably anticipated amount of qualified tax-exempt obligations (other than private activity bonds) which will be issued by the Issuer during calendar year 2018 will exceed $10,000,000. Thus, the Bonds of this issue are not designated as "Qualified Tax-Exempt 15

127 Obligations" for the purposes of Section 265 of the Code relating to the deduction of interest expenses allocable to the Bonds by financial institutions Authentication of Transcript. The officers of the Issuer and each said County Auditor are hereby authorized and requested to prepare and furnish to the Purchaser of said Bonds, and to the attorneys approving legality of the issuance thereof, certified copies of all proceedings and records of the Issuer relating to said Bonds and to the financial condition and affairs of the Issuer, and such other affidavits, certificates and information as may be required to show the facts relating to the legality and marketability of said Bonds as they appear from the books and records under their custody and control or as otherwise known to them, and all such certified copies, certificates and affidavits, including any heretofore furnished, shall be deemed representations of the Issuer as to the facts recited therein Covenant to Continue Tax Exemption. The Issuer covenants and agrees with the Holders from time to time of the Bonds herein authorized, that it will not take, or permit to be taken by any of its officers, employees or agents, any action which would cause the interest payable on the Bonds to become subject to taxation under the United States Internal Revenue Code, the regulations promulgated thereunder, or any other applicable federal tax law or regulation; and that it will take, or it will cause its officers, employees or agents to take, all affirmative actions within its powers which may be necessary to ensure that such interest will not become subject to taxation under the Internal Revenue Code. The term "Internal Revenue Code" or "Code" as used herein includes the Internal Revenue Code of 1986, as amended, and all regulations, amended regulations and proposed regulations issued thereunder, as now existing or as hereafter amended or proposed Arbitrage Certification. The Chair and School District Clerk, being the officers of the Issuer charged with the responsibility for issuing the Bonds pursuant to this resolution, are authorized and directed to execute and deliver to the Purchaser an arbitrage certification in order to satisfy the provisions of the Code and the regulations promulgated thereunder Official Statement. The Official Statement relating to the Bonds, on file with the Clerk and presented to this meeting, is hereby approved and deemed final, and the furnishing thereof to prospective purchasers of the Bonds is hereby ratified and confirmed, insofar as the same relates to the Bonds and the sale thereof Information Reporting. For purposes of compliance with the provisions of Section 149(e) of the Code, the Issuer shall submit to the Secretary of the Treasury, not later than the 15th day of the second calendar month after the close of the calendar quarter in which the Bonds are issued, a statement concerning the Bond issue which meets the requirements of Section 149(e) (2). 16

128 7.09. Payment of Issuance Expenses. The District authorizes the Purchaser to forward the amount of Bond proceeds allocable to the payment of issuance expenses to KleinBank, Chaska, Minnesota, on the closing date for further distribution as directed by the District's municipal advisor, Ehlers & Associates, Inc Temporary Period. The board hereby determines and declares that a period longer than the three year temporary period authorized by Treas. Reg (e)(2)(i) is necessary to complete the capital projects funded by the Bonds. The School District has received a letter from the project architect certifying to this fact. Therefore, pursuant to Treas. Reg (e)(2)(ii), the board declares that a five year temporary period is necessary and shall be applicable to the expenditure of Bond proceeds from this issue Payment of Issuance Expenses. The District authorizes the Purchaser to forward the amount of Bond proceeds allocable to the payment of issuance expenses to KleinBank, Chaska, Minnesota, on the closing date for further distribution as directed by the District's municipal advisor, Ehlers & Associates, Inc Continuing Disclosure. The Chair and the School District Clerk are authorized and directed to execute and deliver a Continuing Disclosure Certificate to assist the Participating Underwriters in complying with SEC Rule 15c2-12(b)(5) for full disclosure (The "Rule"). The Continuing Disclosure Certificate shall be entered into for the benefit of the Holders of the Bonds and shall constitute the written undertaking required by the Rule to provide or cause to be provided to the MSRB, in an electronic format through the use of the Electronic Municipal Market Access system ( EMMA ), the annual financial information specified therein and to give notice of the occurrence of the Listed Events specified therein, each in the manner specified therein, as required by the Rule. The provisions of the Continuing Disclosure Certificate are incorporated herein as though fully specified in this paragraph Nonbook-Entry Option. Notwithstanding any contrary provision of this resolution, if the option to allow the Bonds to be issued in a nonbook-entry format was included in the Terms of Proposal and if the Purchaser specified on the proposal form that the Bonds are not to be issued in global book-entry form, they shall then be issued in nonbook-entry format in registered form in the name of the Purchaser. 17

129 The motion for the adoption of the foregoing resolution was duly seconded by Member, and upon vote being taken thereon, the following voted in favor thereof: and the following voted against the same: whereupon said resolution was declared duly passed and adopted. 18

130 EXHIBIT A (FORM OF GLOBAL CERTIFICATE) UNITED STATES OF AMERICA STATE OF MINNESOTA HENNEPIN COUNTY INDEPENDENT SCHOOL DISTRICT NO. 280 (RICHFIELD PUBLIC SCHOOLS) R- $ GENERAL OBLIGATION SCHOOL BUILDING BOND, SERIES 2018A INTEREST RATE MATURITY DATE DATE OF ORIGINAL ISSUE CUSIP MARCH 1, 2018 REGISTERED OWNER: PRINCIPAL AMOUNT: CEDE & CO., AS NOMINEE OF THE DEPOSITORY TRUST COMPANY, NEW YORK, NEW YORK DOLLARS KNOW ALL PERSONS BY THESE PRESENTS that Independent School District No. 280, State of Minnesota, a duly organized and existing independent school district, whose administrative offices are located in Richfield, Minnesota (the "Issuer"), certifies that it is indebted and for value received promises to pay to the registered owner specified above or on the Certificate of Registration attached hereto, or registered assigns, in the manner hereinafter set forth, the principal amount specified above, on the maturity date specified above or, if this Bond is redeemable as stated below, on a date prior thereto on which it shall have been duly called for redemption, and to pay interest thereon semiannually on February 1 and August 1 of each year (each, an "Interest Payment Date") commencing August 1, 2018, at the rate per annum specified above, calculated on the basis of a 360-day year of twelve 30- day months, until the principal sum is paid or has been provided for. This Bond will bear interest from the most recent Interest Payment Date to which interest has been paid or duly provided for, or, if no interest has been paid or provided for, from the date of original issue hereof. The principal of and premium, if any, on this Bond are payable by wire transfer (or other agreed means of payment) on each payment date no later than 12:00 noon (New York, New York time) upon presentation and surrender hereof at the principal office of Bond Trust Services Corporation in Roseville, Minnesota (the "Bond Registrar"), acting as paying agent, or any successor paying agent duly appointed by the Issuer; provided, however, that upon a partial redemption of this Bond which results in the stated amount hereof being reduced, the Holder may in its discretion be paid without presentation of this Bond, and may make a notation on the panel provided herein of such redemption, stating the amount so redeemed, or A-1

131 may return the Bond to the Bond Registrar in exchange for a new Bond in the proper principal amount. Such notation of redemption, if made by the Holder, shall be for reference only, and may not be relied upon by any other person as being in any way determinative of the principal amount of this Bond outstanding, unless the Bond Registrar has signed the appropriate column of the panel. Interest on this Bond will be paid on each Interest Payment Date (by 12:00 noon, New York, New York time) by wire transfer (or other agreed means of payment) to the person in whose name this Bond is registered (the "Holder" or "Bondholder") on the registration books of the Issuer maintained by the Bond Registrar and at the address appearing thereon at the close of business on the fifteenth day of the calendar month next preceding such Interest Payment Date (the "Regular Record Date"). Any interest not so timely paid or duly provided for shall cease to be payable to the person who is the Holder hereof as of the Regular Record Date, and shall be payable to the person who is the Holder hereof at the close of business on a date fixed for the payment of such defaulted interest (the "Special Record Date"). The Special Record Date shall be fixed by the Bond Registrar whenever money becomes available for payment of the defaulted interest, and notice of the Special Record Date shall be given by the Bond Registrar to the Holders not less than ten (10) days prior thereto. The principal of and premium, if any, and interest on this Bond are payable in lawful money of the United States of America. Date of Payment Not Business Day. If the date for payment of the principal of, premium, if any, or interest on this Bond shall be a Saturday, Sunday, legal holiday or a day on which banking institutions in the City of New York, New York, or the city where the principal office of the Bond Registrar is located are authorized by law or executive order to close, then the date for such payment shall be the next succeeding day which is not a Saturday, Sunday, legal holiday or a day on which such banking institutions are authorized to close, and payment on such date shall have the same force and effect as if made on the nominal date of payment. Optional Redemption. The Issuer may elect on February 1, 2027, and on any date thereafter, to prepay Bonds due on or after February 1, 2028, at a price of par plus accrued interest. Redemption may be in whole or in part of the Bonds subject to prepayment. If redemption is in part, the Issuer shall determine the order of redemption of Bonds; and if only part of the Bonds having a common maturity date are called for prepayment, Bonds shall be prepaid in $5,000 increments of principal. Bonds or portions thereof called for redemption shall be due and payable on the designated redemption date, and interest thereon shall cease to accrue from and after the redemption date. Mandatory Redemption. The Bonds maturing in the year shall be subject to mandatory redemption, pursuant to the procedures specified herein and at a redemption price equal to the principal amount of the Bonds so redeemed plus interest accrued on the principal amount to be redeemed to the date fixed for mandatory redemption, on February 1 in the years and in the principal amounts set forth below (subject to certain credits as provided in the Resolution): A-2

132 Year Amount $ The Bonds maturing in the year shall be subject to mandatory redemption, pursuant to the procedures specified herein and at a redemption price equal to the principal amount of the Bonds so redeemed plus interest accrued on the principal amount to be redeemed to the date fixed for mandatory redemption, on February 1 in the years and in the principal amounts set forth below (subject to certain credits as provided in the Resolution): Year Amount $ Notice of Redemption. Published notice of redemption shall in each case be given in accordance with law, and mailed notice of redemption shall be given to the paying agent and to each affected Holder of the Bonds. For this purpose, the Depository shall be the "Holder" as to Bonds registered in the name of the Depository or its nominee. In the event any of the Bonds are called for redemption, written notice thereof will be given by first class mail, postage prepaid, mailed not less than thirty (30) days prior to the redemption date to each Holder of Bonds to be redeemed, at the address appearing in the records of the Bond Registrar. In connection with any such notice, the "CUSIP" numbers assigned to the Bonds shall be used. Replacement or Notation of Bonds after Partial Redemption. Upon a partial redemption of this Bond which results in the stated amount hereof being reduced, the Holder may in its discretion make a notation on the panel provided herein of such redemption, stating the amount so redeemed. Such notation of redemption, if made by the Holder, shall be for reference only, and may not be relied upon by any other person as being in any way determinative of the principal amount of this Bond outstanding, unless the Bond Registrar has signed the appropriate column of the panel. Otherwise, the Holder may surrender this Bond to the Bond Registrar (with, if the Issuer or the Bond Registrar so requires, a written instrument of transfer in form satisfactory to the Issuer and the Bond Registrar duly executed by the Holder thereof or the Holder's attorney duly authorized in writing) and the Issuer shall execute (if necessary) and the Bond Registrar shall authenticate and deliver to the Holder of this Bond, without service charge, a new Bond of the same Issue having the same stated maturity and interest rate and of the authorized denomination in aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Bond so surrendered. A-3

133 Issuance; Purpose. This Bond is one of an issue in the total aggregate principal amount of $. The Bonds are all of like date of original issue and tenor, except as to number, denomination, maturity, redemption privilege and interest rate. All are issued to finance the acquisition and betterment of school sites and facilities, and all are issued pursuant to resolutions duly adopted by the School Board and authority conferred by more than the requisite majority vote of the qualified electors of the Issuer voting on the question of their issuance at an election duly and legally called and held therein on November 7, 2017, and pursuant to and in full conformity with the Constitution and laws of the State of Minnesota thereunto enabling. General Obligation. This Bond constitutes a general obligation of the Issuer, and to provide moneys for the prompt and full payment of the principal and interest when the same become due, the full faith and credit and taxing powers of the Issuer have been and are hereby irrevocably pledged. Minnesota School District Credit Enhancement Program. The Issuer has covenanted and obligated itself to be bound by the provisions of Minnesota Statutes, Section 126C.55 and to use the provisions of that statute to guarantee the payment of the principal and interest on the Bonds when due. Denominations; Exchange; Resolution. The Bonds are issuable originally only as Global Certificates in the denomination of the entire principal amount of the issue maturing on a single date. Global Certificates are not exchangeable for fully registered Bonds of smaller denominations except in the event of a partial redemption as above provided or in exchange for Replacement Bonds if then available. Replacement Bonds, if made available as provided below, are issuable solely as fully registered Bonds in the denomination of $5,000 and integral multiples thereof of a single maturity and are exchangeable for fully registered Bonds of other denominations in equal aggregate principal amounts and in authorized denominations at the principal office of the Bond Registrar, but only in the manner and subject to the limitations provided in the Resolution. Reference is hereby made to the Resolution for a description of the rights and duties of the Bond Registrar. Copies of the Resolution are on file in the principal office of the Bond Registrar. Replacement Bonds. Replacement Bonds may be issued by the Issuer in the event that (a) The Depository Trust Company ("DTC") of New York, New York (the "Depository") shall resign or discontinue its services for the Bonds or be declared no longer able to carry out its functions and the Issuer is unable to locate a Substitute Depository within two (2) months following the resignation or discontinuance or determination of noneligibility, or (b) the Issuer determines in its sole discretion that (1) the continuation of the book-entry system described in the Resolution might adversely affect the interests of the beneficial owners of the Bonds, or (2) it is in the best interest of the beneficial owners of the Bonds that they be able to obtain certificated Bonds. The Issuer shall notify the Holders of its determination and of the availability of Replacement Bonds to Holders. A-4

134 Transfer. This Bond shall be registered in the name of the payee on the books of the Issuer by presenting this Bond for registration to the Bond Registrar, whose representative will endorse his or her name and note the date of registration opposite the name of the payee in the certificate of registration attached hereto. Thereafter this Bond may be transferred by delivery with an assignment duly executed by the Holder or the Holder's legal representative, and the Issuer and Bond Registrar may treat the Holder as the person exclusively entitled to exercise all the rights and powers of an owner until this Bond is presented with such assignment for registration of transfer, accompanied by assurance of the nature provided by law that the assignment is genuine and effective, and until such transfer is registered on said books and noted hereon by the Bond Registrar, all subject to the terms and conditions provided in the Resolution and to reasonable regulations of the Issuer contained in any agreement with, or notice to, the Bond Registrar. Fees Upon Transfer or Loss. The Bond Registrar may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection with the transfer or exchange of this Bond and any legal or unusual costs regarding transfers and lost Bonds. Treatment of Registered Owner. The Issuer and Bond Registrar may treat the person in whose name this Bond is registered as the owner hereof for the purpose of receiving payment as herein provided and for all other purposes whatsoever, whether or not this Bond shall be overdue, and neither the Issuer nor the Bond Registrar shall be affected by notice to the contrary. Authentication. This Bond shall not be valid or become obligatory for any purpose or be entitled to any security unless the Certificate of Authentication hereon shall have been executed by the Bond Registrar by the manual signature of one of its authorized representatives. Not Qualified Tax-Exempt Obligations. The Bonds of this issue have not been designated by the Issuer as "qualified tax-exempt obligations" for purposes of Section 265(b) (3) of the Internal Revenue Code of 1986, as amended, relating to the deduction of interest expenses allocable to the Bonds by financial institutions. IT IS HEREBY CERTIFIED AND RECITED that all acts, conditions and things required by the Constitution and laws of the State of Minnesota to be done, to happen and to be performed, precedent to and in the issuance of this Bond in order to make it a valid and binding general obligation of the Issuer enforceable in accordance with its terms, have been done, have happened and have been performed in regular and due form, time and manner as required by law, and this Bond, together with all other debts of the Issuer outstanding on the date of original issue hereof and the date of its actual original issuance and delivery, does not exceed any constitutional or statutory limitation of indebtedness. A-5

135 IN WITNESS WHEREOF, Independent School District No. 280 (Richfield Public Schools), State of Minnesota, by its School Board, has caused this Bond to be executed in its behalf by the facsimile signatures of the Chair and Clerk, the Issuer having no seal or said seal having been intentionally omitted as permitted by law. Date of Registration: March 1, 2018 Registrable by: BOND TRUST SERVICES CORPORATION ROSEVILLE, MINNESOTA BOND REGISTRAR'S CERTIFICATE OF Payable at: AUTHENTICATION BOND TRUST SERVICES CORPORATION This Bond is one of ROSEVILLE, MINNESOTA the Bonds described in the within mentioned Resolution. INDEPENDENT SCHOOL DISTRICT NO. 280 (RICHFIELD PUBLIC SCHOOLS) RICHFIELD, MINNESOTA BOND TRUST SERVICES CORPORATION Bond Registrar /s/ (Facsimile) Chair By Authorized Signature /s/ (Facsimile) Clerk A-6

136 CERTIFICATE OF REGISTRATION The transfer of ownership of the principal amount of the attached Bond may be made only by the registered owner or the registered owner's legal representative last noted below. Date of Registration Registered Owner Signature of Bond Registrar March 1, 2018 Cede & Co. P.O. Box 222 Bowling Green Station New York, NY A-7

137 REGISTER OF PARTIAL PAYMENTS The principal amount of the attached Bond has been prepaid on the dates and in the amounts noted below: Date Amount Signature of Bondholder Signature of Bond Registrar If a notation is made on this register, such notation has the effect stated in the attached Bond. Partial payments do not require the presentation of the attached Bond to the Bond Registrar, and a Holder could fail to note the partial payment here. A-8

138 ABBREVIATIONS The following abbreviations, when used in the inscription on the face of this Bond, shall be construed as though they were written out in full according to applicable laws or regulations. TEN COM - as tenants in common TEN ENT - as tenants by the entireties JT TEN - as joint tenants with right of survivorship and not as tenants in common UTMA - CUSTODIAN (Cust) (Minor) Under Uniform Transfers to Minors Act (State) Additional abbreviations may also be used though not in the above list. A-9

139 ASSIGNMENT FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto the within Bond and does hereby irrevocably constitute and appoint attorney to transfer the Bond on the books kept for the registration thereof, with full power of substitution in the premises. Dated NOTICE: The assignor's signature to this assignment must correspond with the name as it appears upon the face of the within Bond in every particular, without alteration or any change whatever. Signature Guaranteed: Signature(s) must be guaranteed by a national bank or trust company or by a brokerage firm having a membership in one of the major stock exchanges or any other "Eligible Guarantor Institution" as defined in 17 CFR 240 Ad-15(a)(2). The Bond Registrar will not effect transfer of this Bond unless the information concerning the assignee requested below is provided. Name and Address: Please insert Social Security or other Tax Identification Number of Transferee. (Include information for all joint owners if the Bond is held by joint account.) A-10

140 EXHIBIT B (FORM OF REPLACEMENT BOND) UNITED STATES OF AMERICA STATE OF MINNESOTA HENNEPIN COUNTY INDEPENDENT SCHOOL DISTRICT NO. 280 (RICHFIELD PUBLIC SCHOOLS) R- $ GENERAL OBLIGATION SCHOOL BUILDING BOND, SERIES 2018A INTEREST RATE MATURITY DATE DATE OF ORIGINAL ISSUE CUSIP MARCH 1, 2018 REGISTERED OWNER: PRINCIPAL AMOUNT: DOLLARS KNOW ALL PERSONS BY THESE PRESENTS that Independent School District No. 280, State of Minnesota, a duly organized and existing independent school district, whose administrative offices are located in Richfield, Minnesota (the "Issuer"), certifies that it is indebted and for value received promises to pay to the registered owner specified above, or registered assigns, in the manner hereinafter set forth, the principal amount specified above, on the maturity date specified above or, if this Bond is redeemable as stated below, on a date prior thereto on which it shall have been duly called for redemption, and to pay interest thereon semiannually on February 1 and August 1 of each year (each, an "Interest Payment Date") commencing August 1, 2018, at the rate per annum specified above, calculated on the basis of a 360-day year of twelve 30-day months, until the principal sum is paid or has been provided for. This Bond will bear interest from the most recent Interest Payment Date to which interest has been paid or duly provided for, or, if no interest has been paid or provided for, from the date of original issue hereof. The principal of and premium, if any, on this Bond are payable upon presentation and surrender hereof at the principal office of Bond Trust Services Corporation in Roseville, Minnesota (the "Bond Registrar"), acting as paying agent, or any successor paying agent duly appointed by the Issuer. Interest on this Bond will be paid on each Interest Payment Date by check or draft mailed to the person in whose name this Bond is registered (the "Holder" or "Bondholder") on the registration books of the Issuer maintained by the Bond Registrar and at the address appearing thereon at the B-1

141 close of business on the fifteenth day of the calendar month next preceding such Interest Payment Date (the "Regular Record Date"). Any interest not so timely paid or duly provided for shall cease to be payable to the person who is the Holder hereof as of the Regular Record Date, and shall be payable to the person who is the Holder hereof at the close of business on a date fixed for the payment of such defaulted interest (the "Special Record Date"). The Special Record Date shall be fixed by the Bond Registrar whenever money becomes available for payment of the defaulted interest, and notice of the Special Record Date shall be given by the Bond Registrar to the Holders not less than ten days prior thereto. The principal of and premium, if any, and interest on this Bond are payable in lawful money of the United States of America. REFERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS OF THIS BOND SET FORTH ON THE REVERSE SIDE HEREOF, WHICH PROVISIONS SHALL FOR ALL PURPOSES HAVE THE SAME EFFECT AS IF SET FORTH HERE. This Bond shall not be valid or become obligatory for any purpose or be entitled to any security until the Certificate of Authentication hereon shall have been executed by the Bond Registrar by the manual signature of one of its authorized representatives. IT IS HEREBY CERTIFIED AND RECITED that all acts, conditions and things required by the Constitution and laws of the State of Minnesota to be done, to happen and to be performed, precedent to and in the issuance of this Bond in order to make it a valid and binding general obligation of the Issuer enforceable in accordance with its terms, have been done, have happened and have been performed in regular and due form, time and manner as required by law, and this Bond, together with all other debts of the Issuer outstanding on the date of original issuance and delivery, does not exceed any constitutional or statutory limitation of indebtedness. B-2

142 IN WITNESS WHEREOF, Independent School District No. 280 (Richfield Public Schools), State of Minnesota, by its School Board, has caused this Bond to be executed in its behalf by the facsimile signatures of the Chair and the Clerk, the Issuer having no seal or said seal having been intentionally omitted as permitted by law. Date of Registration: Registrable by: BOND TRUST SERVICES CORPORATION ROSEVILLE, MINNESOTA BOND REGISTRAR'S CERTIFICATE OF Payable at: AUTHENTICATION BOND TRUST SERVICES CORPORATION This Bond is one of ROSEVILLE, MINNESOTA the Bonds described in the within mentioned INDEPENDENT SCHOOL DISTRICT NO. 280 Resolution. (RICHFIELD PUBLIC SCHOOLS) RICHFIELD, MINNESOTA BOND TRUST SERVICES CORPORATION Bond Registrar /s/ (Facsimile) Chair By: Authorized Signature /s/ (Facsimile) Clerk B-3

143 ON REVERSE OF BOND Issuance; Purpose. This Bond is one of an issue in the total aggregate principal amount of $. The Bonds are all of like date of original issue and tenor, except as to number, denomination, maturity, redemption privilege and interest rate. All are issued to finance the acquisition and betterment of school sites and facilities, and all are issued pursuant to resolutions duly adopted by the School Board and authority conferred by more than the requisite majority vote of the qualified electors of the Issuer voting on the question of their issuance at an election duly and legally called and held therein on November 7, 2017, and pursuant to and in full conformity with the Constitution and laws of the State of Minnesota thereunto enabling. General Obligation. This Bond constitutes a general obligation of the Issuer, and to provide moneys for the prompt and full payment of the principal and interest when the same become due, the full faith and credit and taxing powers of the Issuer have been and are hereby irrevocably pledged. Minnesota School District Credit Enhancement Program. The Issuer has covenanted and obligated itself to be bound by the provisions of Minnesota Statutes, Section 126C.55 and to use the provisions of that statute to guarantee the payment of the principal and interest on the Bonds when due. Date of Payment Not Business Day. If the date for payment of the principal of, premium, if any, or interest on this Bond shall be a Saturday, Sunday, legal holiday or a day on which banking institutions in the City of New York, New York, or the city where the principal office of the Bond Registrar is located are authorized by law or executive order to close, then the date for such payment shall be the next succeeding day which is not a Saturday, Sunday, legal holiday or a day on which such banking institutions are authorized to close, and payment on such date shall have the same force and effect as if made on the nominal date of payment. Optional Redemption. The Issuer may elect on February 1, 2027, and on any date thereafter, to prepay Bonds due on or after February 1, 2028, at a price of par plus accrued interest. Redemption may be in whole or in part of the Bonds subject to prepayment. If redemption is in part, the Issuer shall determine the order of redemption of Bonds; and if only part of the Bonds having a common maturity date are called for prepayment, Bonds shall be prepaid in $5,000 increments of principal. Bonds or portions thereof called for redemption shall be due and payable on the designated redemption date, and interest thereon shall cease to accrue from and after the redemption date. Published notice of redemption shall, in each case, be given in accordance with law, and mailed notice of redemption shall be given to the paying agent and to each Registered Holder of the Bonds. B-4

144 To effect a partial redemption of the Bonds having a common maturity date, the Bond Registrar, prior to giving a notice of redemption, shall assign to each Bond having a common maturity date a distinctive number for each $5,000 of the principal amount of such Bond. The Bond Registrar shall then select by lot from the numbers so assigned to such Bonds, using such method of selection as it shall deem proper in its discretion, as many numbers as, at $5,000 for each number, shall equal the principal amount of such Bonds to be redeemed. The Bonds to be redeemed shall be the Bonds to which were assigned numbers so selected; provided, however, that only so much of the principal amount of each such Bond of a denomination of more than $5,000 shall be redeemed as shall equal $5,000 for each number assigned to it and so selected. If a Bond is to be redeemed only in part, it shall be surrendered to the Bond Registrar (with, if the Issuer or the Bond Registrar so requires, a written instrument of transfer in form satisfactory to the Issuer and the Bond Registrar duly executed by the Holder thereof or the Holder's attorney duly authorized in writing) and the Issuer shall execute and the Bond Registrar shall authenticate and deliver to the Holder of such Bond, without service charge, a new Bond or Bonds of the same series having the same stated maturity and interest rate and of any authorized denomination or denominations, as requested by such Holder, in aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Bond so surrendered. Mandatory Redemption. The Bonds maturing in the year shall be subject to mandatory redemption, pursuant to the procedures specified herein and at a redemption price equal to the principal amount of the Bonds so redeemed plus interest accrued on the principal amount to be redeemed to the date fixed for mandatory redemption, on February 1 in the years and in the principal amounts set forth below (subject to certain credits as provided in the Resolution): Year Amount $ The Bonds maturing in the year shall be subject to mandatory redemption, pursuant to the procedures specified herein and at a redemption price equal to the principal amount of the Bonds so redeemed plus interest accrued on the principal amount to be redeemed to the date fixed for mandatory redemption, on February 1 in the years and in the principal amounts set forth below (subject to certain credits as provided in the Resolution): Year Amount $ B-5

145 Not Qualified Tax-Exempt Obligations. The Bonds of this issue have not been designated by the Issuer as "qualified tax-exempt obligations" for purposes of Section 265(b) (3) of the Internal Revenue Code of 1986, as amended, relating to the deduction of interest expenses allocable to the Bonds by financial institutions. Denominations; Exchange; Resolution. The Bonds are issuable solely as fully registered Bonds in the denomination of $5,000 and integral multiples thereof of a single maturity and are exchangeable for fully registered bonds of other denominations in equal aggregate principal amounts and in authorized denominations at the principal office of the Bond Registrar, but only in the manner and subject to the limitations provided in the Resolution. Reference is hereby made to the Resolution for a description of the rights and duties of the Bond Registrar. Copies of the Resolution are on file in the principal office of the Bond Registrar. Transfer. This Bond is transferable by the Holder in person or by the Holder's attorney duly authorized in writing at the principal office of the Bond Registrar upon presentation and surrender hereof to the Bond Registrar, all subject to the terms and conditions provided in the Resolution and to reasonable regulations of the Issuer contained in any agreement with the Bond Registrar. Thereupon the Issuer shall execute (if necessary) and the Bond Registrar shall authenticate and deliver, in exchange for this Bond, one or more new fully registered bonds in the name of the transferee (but not registered in blank or to "bearer" or similar designation), of an authorized denomination, in aggregate principal amount equal to the principal amount of this Bond, of the same maturity, and bearing interest at the same rate. Fees Upon Transfer or Loss. The Bond Registrar may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection with the transfer or exchange of this Bond and any legal or unusual costs regarding transfers and lost Bonds. Treatment of Registered Owner. The Issuer and Bond Registrar may treat the person in whose name this Bond is registered as the owner hereof for the purpose of receiving payment as herein provided and for all other purposes whatsoever, whether or not this Bond shall be overdue, and neither the Issuer nor the Bond Registrar shall be affected by notice to the contrary. B-6

146 ABBREVIATIONS The following abbreviations, when used in the inscription on the face of this Bond, shall be construed as though they were written out in full according to applicable laws or regulations. TEN COM - as tenants in common TEN ENT - as tenants by the entireties JT TEN - as joint tenants with right of survivorship and not as tenants in common UTMA - CUSTODIAN (Cust) (Minor) Under Uniform Transfers to Minors Act (State) Additional abbreviations may also be used though not in the above list. B-7

147 ASSIGNMENT FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto the within Bond and does hereby irrevocably constitute and appoint attorney to transfer the Bond on the books kept for the registration thereof, with full power of substitution in the premises. Dated NOTICE: The assignor's signature to this assignment must correspond with the name as it appears upon the face of the within Bond in every particular, without alteration or any change whatever. Signature Guaranteed: Signature(s) must be guaranteed by a national bank or trust company or by a brokerage firm having a membership in one of the major stock exchanges or any other "Eligible Guarantor Institution" as defined in 17 CFR 240 Ad-15(a)(2). The Bond Registrar will not effect transfer of this Bond unless the information concerning the assignee requested below is provided. Name and Address: Please insert Social Security or other Tax Identification Number of Transferee. (Include information for all joint owners if the Bond is held by joint account.) B-8

148 EXHIBIT C DTC Letter of Representations C-1

149 EXHIBIT D LEVY COMPUTATION SHEET Levy Year Collection Year Amount $ D-1

150 STATE OF MINNESOTA ) )SS COUNTY OF HENNEPIN ) SIGNATURE AND NONLITIGATION CERTIFICATE We, the undersigned, being respectively the duly qualified and acting Chair and Clerk of Independent School District No. 280 (Richfield Public Schools), Hennepin County, Minnesota (the "District"), DO HEREBY CERTIFY that we did on the date of this certificate, in our official capacities as such officers, cause our signatures and the manual signature of a duly authorized representative of Bond Trust Services Corporation, Roseville, Minnesota, as authenticating agent, to be affixed upon the $ General Obligation School Building Bonds, Series 2018A of the District, dated March 1, 2018, as the date of original issue (the "Bonds"), said Bonds being numbered R-1 upward, each in the denomination of $5,000, or any integral multiple thereof, and being originally issued using a global book-entry system. Said Bonds mature on February 1 in the years and amounts set forth below, and bear interest at the annual rate set forth opposite such years and amounts, as follows: Interest Interest Year Amount Rate Year Amount Rate $ $ The District may elect on February 1, 2027, and on any date thereafter, to prepay Bonds due on or after February 1, 2028, at a price of par plus accrued interest.

151 The Bonds maturing in the year shall be subject to mandatory redemption at a redemption price equal to the principal amount of the Bonds so redeemed plus interest accrued on the principal amount to be redeemed to the date fixed for mandatory redemption, on February 1 in the years and in the principal amounts set forth below (subject to certain credits as provided in the Resolution): Year Amount $ The Bonds maturing in the year shall be subject to mandatory redemption at a redemption price equal to the principal amount of the Bonds so redeemed plus interest accrued on the principal amount to be redeemed to the date fixed for mandatory redemption, on February 1 in the years and in the principal amounts set forth below (subject to certain credits as provided in the Resolution): Year Amount $ Interest is payable semiannually on each February 1 and August1, commencing August 1, Principal and interest will be payable in the manner specified in the form of Global Certificate or Replacement Bond, as applicable, to the Registered Holder of the Bond at the Holder's address as it appears on the books of the Registrar on each Regular or Special Record Date. 2

152 We further certify that we are now and were on the date of executing such Bonds the duly qualified and acting officers indicated therein and duly authorized to execute the same; and we hereby ratify, confirm and adopt our facsimile signatures on such Bonds as the true and proper signatures for the execution thereof. We further certify and confirm the signature hereunto subscribed as the true and correct signature of the Treasurer of said District. We further certify that Bond Trust Services Corporation has been authorized to execute and authenticate the Bonds on behalf of the District upon receipt of notification of Bond Counsel for the District that all procedures required to be taken to authorize the issuance of the Bonds have been completed and that upon execution thereof the Bonds will be valid and binding general obligations of the District enforceable in accordance with their terms. We further certify that said Bonds have been in all respects duly executed pursuant to authority conferred upon us as such officers; that no Bonds other than those above-described have been issued pursuant to such authority; that none of the proceedings or records which have been certified to the purchasers of said Bonds or to the attorneys approving said Bonds have been in any manner repealed, amended, or changed, except as shown by the proofs furnished; and that there has been no material change in the financial condition of the District or the facts affecting said Bonds except as shown by the proofs so furnished. 3

153 We further certify that the Official Statement relating to the Bonds, dated January 25, 2018, including any Addendum thereto, did not as of the date thereof and does not as of the date hereof, contain any untrue statement of a material fact or omit to state any material fact necessary to make the statements therein not misleading under the circumstances. We further certify that there is no litigation threatened or pending questioning the organization or boundaries of said District or the right of any of us to our respective offices, or in any manner questioning our right and power to execute and deliver said Bonds, or otherwise questioning the validity of said Bonds or the levy of any tax to pay the principal thereof and interest thereon. [The remainder of this page has been left blank intentionally] 4

154 WITNESS our hands officially as such officers, this 1st day of March, Chair School District Clerk Treasurer [Signature Page for Signature and Nonlitigation Certificate] 5

155 STATE OF MINNESOTA ) TREASURER'S CERTIFICATE )SS AND RECEIPT COUNTY OF HENNEPIN ) I, the undersigned, being the duly qualified and acting Treasurer of Independent School District No. 280 (Richfield Public Schools), Hennepin County, Minnesota, HEREBY CERTIFY and acknowledge that on the date of this instrument I received from of, as Purchaser thereof, the purchase price of the General Obligation School Building Bonds, Series 2018A of said District dated March 1, 2018 as the date of original issue, said purchase price being computed as follows: Principal Amount $ Premium $ Discount $( ) Subtotal $ Accrued Interest on Bonds from March 1, 2018 to the date hereof $ Total $ and that I thereupon delivered said Bonds to said Purchaser.

156 WITNESS my hand officially as Treasurer this 1st day of March, Treasurer

157 CERTIFICATE OF REGISTRAR AND AUTHENTICATING AGENT GENERAL OBLIGATION SCHOOL BUILDING BONDS, SERIES 2018A INDEPENDENT SCHOOL DISTRICT NO. 280 (RICHFIELD PUBLIC SCHOOLS) HENNEPIN COUNTY, MINNESOTA 1. I,, do hereby certify that I am a duly appointed and acting as such, of Bond Trust Services Corporation, Roseville, Minnesota (the "Registrar"). 2. Pursuant to authorization by, and direction of, Independent School District No. 280, certain of the authorized officers listed on the attached EXHIBIT "A" have this day authenticated each of the bonds of the above issue, being fully registered bonds in the denominations of $5,000 or any integral multiple thereof and bearing the numbers of R-1 and upward and have caused each of said bonds to be registered in the name of a "person" as defined in Section of the Uniform Commercial Code, all in accordance with the provisions of that certain resolution adopted February 5, 2018, by the School Board of Independent School District No. 280, State of Minnesota (the "Resolution"). 3. The authorized officers who have signed the bonds have been duly authorized to sign said bonds on behalf of the Registrar acting as authenticating agent. 4. The provisions of any bond registrar's agreement entered into between the Issuer and the Bond Registrar do not conflict with the provisions of the Resolution with respect to the duties and responsibilities of the Registrar set forth herein. 5. The CUSIP number for the final maturity is. WITNESS my hand this day of, By: Authorized Officer

158 SIGNATURE CERTIFICATE We, the undersigned, hereby certify that we are the duly qualified Chair, Clerk and Treasurer of Independent School District No. 280 (Richfield Public Schools), Hennepin County, Minnesota (the District ). IN WITNESS WHEREOF, we have executed this Certificate in our respective official capacities. Chair Clerk Treasurer STATE OF MINNESOTA ) )SS COUNTY OF HENNEPIN ) Signed or attested before me by the Chair, Clerk and Treasurer of Independent School District No. 280, Hennepin County, Minnesota. Dated this day of, Notary Public, State of Minnesota My Commission expires

159 STATE OF MINNESOTA ) COUNTY AUDITOR'S CERTIFICATE AS ) TO TAX LEVY AND BOND REGISTRATION COUNTY OF HENNEPIN ) I, the undersigned, being the duly qualified and acting County Auditor of Hennepin County, Minnesota, hereby certify that there has been filed in my office a certified copy of a resolution of the School Board of Independent School District No. 280 (Richfield Public Schools), setting forth the form, details and security of an issue of General Obligation School Building Bonds, Series 2018A of the District dated March 1, 2018 as the date of original issue, and levying taxes for the payment of principal of and interest on said Bonds. I further certify that said bond issue has been entered on my Bond Register and that the tax required by law for payment of said bonds has been levied and filed as required by Minnesota Statutes, Sections and WITNESS my hand and official seal this day of, (SEAL) County Auditor

160 CERTIFICATE OF PURCHASER [TO BE PROVIDED AFTER SALE]

161 STATE OF MINNESOTA ) NONARBITRAGE CERTIFICATE )SS GENERAL OBLIGATION COUNTY OF HENNEPIN ) SCHOOL BUILDING BONDS, SERIES 2018A INDEPENDENT SCHOOL DISTRICT NO. 280 (RICHFIELD PUBLIC SCHOOLS) RICHFIELD, MINNESOTA The undersigned are the duly qualified and acting Chair and Clerk of Independent School District No. 280 (Richfield Public Schools), Hennepin County, Minnesota (the "District") charged, either alone or with others, with the responsibility of issuing the District's $ General Obligation School Building Bonds, Series 2018A, dated March 1, 2018 as the date of original issue (the "Bonds"). This Certificate is being executed in accordance with the income tax regulations relating to arbitrage bonds (the "Regulations") and may be relied upon as a certification under the Regulations now applicable to Section 148 of the Internal Revenue Code of 1986, as amended (the "Code"). The undersigned, having made an investigation of the facts, circumstances and estimates pertaining to and in connection with the Bonds, hereby certify and reasonably expect as follows with respect to the Bonds: 1. Employer Identification Number. The District's employer identification number is Purpose. The Bond proceeds (less unused discount, if any, and premium and accrued interest) will be used to finance the acquisition and betterment of school sites and facilities in the District (the "Project").

162 3. Proceeds and Uses. The Bonds were delivered and paid for on the date of this certificate and the total proceeds received ($ ) by the Treasurer on behalf of the District on the sale of the Bonds plus estimated investment earnings thereon ($ ) does not exceed the total of: (i) $, the estimated total financeable costs of constructing the Project, including $ of premium deposited in the Construction Fund; (ii) $, capitalized interest on the Bonds to be paid from Bond proceeds or earnings thereon, to be deposited in the Debt Redemption Fund; (iii) $, the expenses anticipated to be incurred in connection with the issuance of the Bonds; and (iv) $, of accrued interest, premium and unused discount, if any, to be deposited in the Debt Redemption Fund. 4. Governmental Purposes; No Overissuance. The stated purposes of the Bonds are governmental purposes within the meaning of applicable laws and regulations. Bond proceeds in an amount equal to the face amount of the Bonds (less the amount of any discount and other issuance expenses) and estimated investment proceeds resulting from investment of the Bond proceeds will not exceed the estimated dollar cost of constructing said Project, less all other funds to be expended for paying such costs. Any portion (if any) of the issue that is to be used to finance restricted working capital expenditures will not be outstanding longer than two (2) years and any portion that is to be used to finance capital projects has a weighted average maturity that does not exceed 120 percent of the average reasonably expected economic life of the financed capital projects as determined in accordance with the Code. 2

163 5. Use. The Project has not been and is not expected during the term of the Bonds to be sold or otherwise disposed of by the District. The District will not make use of the proceeds of the Bonds or of the Project in a manner which would cause the Bonds to be "private activity bonds" pursuant to Section 141 of the Code. 6. Time Test. Binding contracts or commitments obligating the expenditures for the actual work of constructing the Project of not less than $ have heretofore been entered into or made or will be entered into or made within six (6) months from the date of this Certificate; 7. Due Diligence Test. The construction of the Project has proceeded and will continue to proceed with due diligence to completion. It is estimated that the Project will be completed by, Expenditure Test. Any contract or commitment for the construction of the Project heretofore or hereafter executed has provided or will provide for the construction of the Project in less than five years from the date hereof; and Bond proceeds in an amount equal to at least 85% of the face amount of the Bonds will be spent in paying the cost of the construction of the Project within five (5) years hereof. In the resolution awarding the sale of the Bonds, the school board of the District has determined that a five year temporary period is necessary to complete the project and has received a letter from the project architect certifying to that fact in compliance with Treas. Reg (e)(2)(ii). The letter is attached as EXHIBIT A hereto. 3

164 9. Debt Redemption; Investments. The Bonds and the interest thereon have been made payable from the Debt Redemption Fund of the District. The moneys appropriated to said Fund are estimated to be at least sufficient to pay the principal of and interest on all such Bonds when due. It is not expected that any such Bonds and interest will be paid from any other fund of the District and there is no other fund or account of cash or securities which the District has set aside and expects to invest or maintain at a yield greater than the yield on the Bonds for the purpose of paying debt service on the Bonds. Any sums from time to time held in said Fund in excess of amounts which, under the applicable federal arbitrage regulations, may be invested without regard to yield (after taking into account all temporary periods), shall not be invested at a yield in excess of the applicable yield restrictions imposed by the Code and said arbitrage regulations on such investments, based upon their issue price to the public ( %). The Bonds and the Issuer s General Obligation Facilities Maintenance Bonds, Series 2018B shall be treated as a single issue for purposes of calculation of yield and this number reflects the combined offering price to the public of both issues. 10. Yield Determination; Materially Higher. The District shall, for purposes of determining the yield on the Bonds and yields which are materially higher than such yield, make calculations on the basis of the issue price of the Bonds within the meaning of Section 1273 or 1274 of the Code. A "materially higher" yield is understood to be one-eighth of one percent (0.125%), in most circumstances. 4

165 11. Intentional Acts. The District shall not intentionally use any portion of the proceeds of the Bonds directly or indirectly to acquire higher yielding investments or to replace funds which were used directly or indirectly to acquire higher yielding investments except to the extent such investments would not have caused the Bonds to be arbitrage bonds if reasonably expected on the date hereof. 12. Rebate. The District will make such calculations and such rebate payments at such times and in such manner as required to comply with Section 148 of the Code and the applicable Regulations pertaining thereto. In addition, the District has covenanted in the resolution authorizing the Bonds to take all actions necessary to ensure that the interest on the Bonds will not become subject to taxation under the Code and the applicable Treasury regulations and to comply with such additional legislative and administrative requirements as may be imposed by law. 13. Qualified Issuer. The District has not been notified of any listing or proposed listing of it by the Internal Revenue Service as an issuer whose arbitrage certificates may not be relied upon. 14. No Other Facts. To the best of the knowledge and belief of the undersigned, there are no other facts, estimates or circumstances which would materially change the foregoing facts and conclusions. 15. Familiarity; Conclusion. We are generally familiar with the requirements of the federal arbitrage regulations, and nothing has been called to our attention to cause us to believe that the proceeds of the Bonds will be used in a manner which would cause the Bonds to be arbitrage bonds within the meaning of Section 148 of the Code. 5

166 WITNESS our hands officially as such officers, this 1st day of March, Chair School District Clerk [Signature Page for Nonarbitrage Certificate] 6

167 EXHIBIT A ARCHITECT S LETTER REGARDING FIVE YEAR TEMPORARY PERIOD 7

168 CONTINUING DISCLOSURE CERTIFICATE (Full Disclosure) This Continuing Disclosure Certificate (the "Disclosure Certificate") is executed and delivered by Independent School District No. 280 (Richfield Public Schools), State of Minnesota (the "District"), in connection with the issuance of its General Obligation School Building Bonds, Series 2018A (the "Bonds"). The Bonds are being issued pursuant to a Resolution adopted by the School Board on February 5, 2018 (the "Resolution"). The District has covenanted and obligated itself to be bound by the provisions of Minnesota Statutes, Section 126C.55 (the "State Payment Law" described in the Official Statement for the Bonds) which provides for payment by the State of Minnesota in the event of a potential default of a District obligation. The District covenants and agrees as follows: SECTION 1. Purpose of the Disclosure Certificate. This Disclosure Certificate is being executed and delivered by the District for the benefit of the Bondholders or beneficial owners, if different, and in order to assist the Participating Underwriters in complying with SEC Rule 15c2-12(b)(5). This Disclosure Certificate constitutes the written Undertaking required by the Rule. SECTION 2. Definitions. In addition to the definitions set forth in the Resolution, which apply to any capitalized term used in this Disclosure Certificate unless otherwise defined in this Section, the following capitalized terms shall have the following meanings: "Annual Report" shall mean any Annual Report provided by the District pursuant to, and as described in Sections 3 and 4 of this Disclosure Certificate. "Audited Financial Statements" shall mean the financial statements of the District audited annually by an independent certified public accounting firm and prepared in accordance with generally accepted accounting principles or as otherwise required by Minnesota law for the preceding Fiscal Year, including a balance sheet and statement of revenues, expenditures and changes in fund balances. "Dissemination Agent" shall mean the District, or any successor Dissemination Agent which has been designated in writing by the District and which has filed with the District a written acceptance of such designation. "EMMA" shall mean the Electronic Municipal Market Access system: established by the MSRB and which contains a component that includes a continuing disclosure service for the receipt and public availability of continuing disclosure documents and related information to be submitted by issuers, obligated persons, and their agents pursuant to continuing disclosure undertakings entered into consistent with the Rule. "Fiscal Year" shall mean the fiscal year of the District.

169 "Listed Events" shall mean any of the events listed in Section 5(a) of this Disclosure Certificate. "MSRB" shall mean the Municipal Securities Rulemaking Board. "Participating Underwriter" shall mean any of the original underwriters of the Bonds required to comply with the Rule in connection with the offering of the Bonds. "Rule" shall mean Rule 15c2-12(b)(5) adopted by the Securities and Exchange Commission (the "SEC") under the Securities Exchange Act of 1934, as the same may be amended from time to time, and including written interpretations thereof by the Securities and Exchange Commission. SECTION 3. Provision of Annual Reports. (a) The District shall provide, or shall cause the Dissemination Agent to provide not later than June 30, 2019, and twelve (12) months after the end of each Fiscal Year during which the Bonds are outstanding, to the MSRB, in an electronic format through the use of EMMA, an Annual Report which is consistent with the requirements of Section 4 of this Disclosure Certificate. The Annual Report may be submitted as a single document or as separate documents comprising a package, and may cross-reference other information as provided in Section 4 of this Disclosure Certificate. If audited financial statements are not available by the date specified above, the District shall submit unaudited financial statements by that date to the MSRB and will submit the audited financial statements as soon as they are available. (b) If the District is unable to provide to the MSRB an Annual Report by the date required in subsection (a) above, the District shall send a timely notice to the MSRB. (c) The Dissemination Agent shall: (i) determine each year prior to the date for providing the Annual Report the required method of submission to the MSRB and (if the Dissemination Agent is other than the District) (ii) file a report with the District certifying that the Annual Report has been provided pursuant to this Disclosure Certificate and stating the date it was provided. SECTION 4. Content of Annual Reports. The District's Annual Report shall contain or incorporate by reference the following: 1. An annual Audited Financial Statement. 2

170 2. Updates of the operating and financial data included in the Official Statement under headings substantially similar to the following or containing financial information directly relating to the following: "Current Property Valuations", "Tax Levies & Collections", "Student Body", "Direct Debt", and "Employment/Unemployment." All documents provided to the MSRB shall be accompanied by identifying information as prescribed by the MSRB. Any or all of the items listed above may be incorporated by reference from other documents, including official statements of debt issues of the District or related public entities, which have been submitted to the MSRB or the Securities and Exchange Commission. If the document incorporated by reference is a final official statement, it must also be available from the Municipal Securities Rulemaking Board (MSRB). The District shall clearly identify each such other document so incorporated by reference. SECTION 5. Reporting of Significant Events. (a) This Section 5 shall govern the giving of notices of the occurrence of any of the following events, with respect to the Bonds: 1. Principal and interest payment delinquencies; 2. Non-payment related defaults, if material; 3. Unscheduled draws on debt service reserves reflecting financial difficulties; 4. Unscheduled draws on credit enhancements reflecting financial difficulties; 5. Substitution of credit or liquidity providers, or their failure to perform; 6. Adverse tax opinions, the issuance by the Internal Revenue Service of proposed or final determinations of taxability, Notices of Proposed Issue (IRS Form 5701-TEB) or other material notices or determinations with respect to the tax status of the security, or other material events affecting the tax status of the security; 7. Modifications to rights of security holders, if material; 8. Bond calls, if material, and tender offers; 9. Defeasances; if material; 10. Release, substitution, or sale of property securing repayment of the securities, 11. Rating changes; 3

171 12. Bankruptcy, insolvency, receivership or similar event of the obligated person; 13. The consummation of a merger, consolidation, or acquisition involving an obligated person or the sale of all or substantially all of the assets of the obligated person, other than in the ordinary course of business, the entry into a definitive agreement to undertake such an action or the termination of a definitive agreement relating to any such action, other than pursuant to its terms, if material; 14. Appointment of a successor or additional trustee or the change of name of a trustee, if material. (b) Whenever a Listed Event occurs, the District shall in a timely manner not in excess of ten business days after the occurrence of the Listed Event file a notice of such occurrence with the MSRB. SECTION 6. Termination of Reporting Obligation. The District's obligations under this Disclosure Certificate shall terminate upon the legal defeasance, prior redemption or payment in full of all the Bonds. SECTION 7. Dissemination Agent. The District may, from time to time, appoint or engage a Dissemination Agent to assist it in carrying out its obligations under this Disclosure Certificate, including but not limited to its duties under Sections 3 and 5 hereof, and may discharge any such Agent, with or without appointing a successor Dissemination Agent. SECTION 8. Amendment; Waiver. Notwithstanding any other provision of this Disclosure Certificate, the District may amend this Disclosure Certificate, and any provision of this Disclosure Certificate may be waived, if such amendment or waiver is supported by an opinion of counsel expert in federal securities laws, to the effect that such amendment or waiver would not, in and of itself, cause the undertakings herein to violate the Rule if such amendment or waiver had been effective on the date hereof but taking into account any subsequent change in or official interpretation of the Rule. If this Disclosure Certificate is amended, the District will disclose such amendment, together with a narrative explanation of that amendment, to the MSRB with its annual financial information disclosure. SECTION 9. Additional Information. Nothing in this Disclosure Certificate shall be deemed to prevent the District from disseminating any other information, using the means of dissemination set forth in this Disclosure Certificate or any other means of communication, or including any other information in any Annual Report or notice of occurrence of a Listed Event, in addition to that which is required by this Disclosure Certificate. If the District chooses to include any information in any Annual Report or notice of occurrence of a Listed Event in addition to that which is specifically required by this Disclosure Certificate, the District shall have no obligation under this Disclosure Certificate to update such information or include it in any future Annual Report or notice of occurrence of a Listed Event. 4

172 SECTION 10. Default. In the event of a failure of the District to comply with any provision of this Disclosure Certificate, any Bondholder or beneficial owner may take such actions as may be necessary and appropriate, including seeking mandate or specific performance by court order, to cause the District to comply with its obligations under this Disclosure Certificate. A default under this Disclosure Certificate shall not be deemed an Event of Default under the Resolution or with respect to the Bonds, and the sole remedy under this Disclosure Certificate in the event of any failure of the District to comply with this Disclosure Certificate shall be an action to compel performance. SECTION 11. Duties, Immunities and Liabilities of Dissemination Agent. The Dissemination Agent shall have only such duties as are specifically set forth in this Disclosure Certificate, and the District agrees, to the extent permitted by law, to indemnify and save the Dissemination Agent, its officers, directors, employees and agents, harmless against any loss, expense and liabilities which it may incur arising out of or in the exercise or performance of its powers and duties hereunder, including the costs and expenses (including attorney fees) of defending against any claim of liability, but excluding liabilities due to the Dissemination Agent's negligence or willful misconduct. The obligations of the District under this Section shall survive resignation or removal of the Dissemination Agent and payment of the Bonds. SECTION 12. Beneficiaries. This Disclosure Certificate shall inure solely to the benefit of the District, the Dissemination Agent, the Participating Underwriters and Holders from time to time of the Bonds or the beneficial owners, if different, and shall create no rights in any other person or entity. SECTION 13. Reserved Rights. The District reserves the right to discontinue providing any information required under the Rule if a final determination should be made by a court of competent jurisdiction that the Rule is invalid or otherwise unlawful or to modify the Undertaking under this Disclosure Certificate if the District determines that such modification is required by the Rule, or by a court of competent jurisdiction. SECTION 14. District Contact Information. Title: Superintendent Name of District: Independent School District No. 280 (Richfield Public Schools) Address: 7001 Harriet Avenue South Richfield, MN Telephone No. (612)

173 Dated as of this 1st day of March, INDEPENDENT SCHOOL DISTRICT NO. 280 RICHFIELD, MINNESOTA By: Chair And: Clerk [Signature Page for Continuing Disclosure Certificate] 6

174 INFORMATION REPORT FORM GENERAL OBLIGATION SCHOOL BUILDING BONDS, SERIES 2018A INDEPENDENT SCHOOL DISTRICT NO. 280 (RICHFIELD PUBLIC SCHOOLS) HENNEPIN COUNTY, MINNESOTA For purposes of completing the information return for tax exempt governmental obligations required under Section 149(e) of the Internal Revenue Code of 1986, as amended, for the above entitled transaction, we hereby certify as follows: 1. Description of Transaction. The final maturity date for this issue is. The issue price for this entire issue is $, the stated redemption price at maturity is $, the average weighted maturity is years and the yield is. The issue prices specified above are based on the reoffering costs to the public as certified by the Purchaser. 2. The Original Proceeds of the Transaction will be used as follows: (a) Proceeds used for accrued interest $ (b) Issue price of entire issue $ (c) Proceeds used for bond issuance costs $ (including underwriter's discount) (d) Proceeds used for credit enhancement $ (e) Proceeds allocated to reasonably required $ reserve or replacement fund (f) Proceeds used to refund prior issues $ (g) Total (add lines c, d, e and f) $ (h) Nonrefunding proceeds of the issue (line b minus line g) $ 3. The amount of bonds designated by the Issuer as qualified tax-exempt obligations. 4. Written Procedures. Has the District established written procedures to ensure that nonqualified bonds are remediated and to monitor the requirements of Section 148? $ Yes No

175 5. If some portion of the proceeds was used to reimburse expenditures, check here Q and enter the amount of reimbursement Enter the date the official intent was adopted. $ EHLERS & ASSOCIATES, INC. Municipal Advisor By: Its: 2

176 KNUTSON, FLYNN & DEANS, P.A Centre Pointe Drive, Suite 10 Mendota Heights, MN fax $84,725,000* GENERAL OBLIGATION SCHOOL BUILDING BONDS, SERIES 2018A INDEPENDENT SCHOOL DISTRICT NO. 280 (RICHFIELD PUBLIC SCHOOLS) HENNEPIN COUNTY, MINNESOTA We have acted as Bond Counsel in connection with the issuance by Independent School District No. 280 (Richfield Public Schools), Hennepin County, Minnesota (the "District"), of its General Obligation School Building Bonds, Series 2018A (the "Bonds"), in the aggregate principal amount of $84,725,000*, bearing a date of original issue of March 1, The Bonds are fully registered as to principal and interest and are originally issued using a global book-entry system. We have not been engaged or undertaken to review the accuracy, completeness, or sufficiency of the Official Statement or other offering material relating to the Bonds (except to the extent, if any, stated in the Official Statement) and we express no opinion relating thereto (excepting only the matters set forth as our opinion in the Official Statement). We have examined the law and such certified proceedings and other documents as we have deemed necessary to render this opinion. As to questions of fact material to our opinion, we have relied upon the certified proceedings and other affidavits and certificates of public officials furnished to us without undertaking to verify such facts by independent investigation. Based upon our examination of these materials, assuming the authenticity of all documents submitted to us as originals, the conformity to original documents of all documents submitted to us as certified or photostatic copies and the authenticity of the originals of such documents, and based upon present Minnesota and federal laws, regulations, rulings and decisions, it is our opinion that: (1) The Bonds are in due form and the proceedings show lawful authority for their issuance according to their terms under the Constitution and laws of the State of Minnesota now in force.