AGENDA

SCHOOL ADMINISTRATIVE UNIT NO. 12

Office of the Superintendent of Schools

Londonderry, New Hampshire 03053

The meeting of the Londonderry School Board will be held on Tuesday, September 10, 2019 at 7:00PM

at the Londonderry Town Office, Moose Hill Conference Room, 268B Mammoth Road, Londonderry, NH.

7:00 PM 1. Call To Order

2. Pledge of Allegiance

7:05 PM 3. Questions, Announcements and Presentations

3.1 Freshmen Science Proposal Presentation - Shawn Flynn and science teachers

7:25 PM 4. Consent Agenda

4.1 Retirement(s):

Donna Bever S/L Pathologist Moose Hill

4.2 Resignation(s):

Laura Farmakis Dining Services North School

Carolyn Hoyt SPED Assistant Matthew Thornton

4.3 Minutes: August 27, 2019

4.4 Meetings:

September 24, 2019 Regular Meeting 7:00PM Town Offices

October 8, 2019 Regular Meeting 7:00PM Town Offices

October 22, 2019 Regular Meeting 7:00PM Town Offices

7:30 PM 5. Committee Reports

5.1 Student Council – Erin Batchelor

5.2 Teacher Liaison – Mary Wing Soares

5.3 School Board Liaison Reports

September 10, 2019

7:40 PM 6. Deliberations

6.1 To see what action(s) the Board will take regarding a resolution for adopting

capital leases

6.2 To see what action(s) the Board will take regarding approval of the interest rate

for the capital lease

6.3 To see what action(s) the Board will take regarding approval for a Dining

Services Equipment Grant

8:00 PM 7. Superintendent’s Report

7.1 Update on Kindergarten Study - Scott Laliberte and Dan Black

8. Adjournment

1

Londonderry High School

Memo To: Scott Laliberte and the Londonderry School Board

From: Shawn Flynn Copy:

Date: September 6, 2019

Re: Moving Towards More Advanced Science Opportunities for Londonderry High School Learners

Good afternoon colleagues,

Attached please find the PowerPoint on Moving Towards More Advanced Science Opportunities for Londonderry High School Learners. We will be presenting the idea of revising the science program at Londonderry High School in order to provide learners opportunities to take more advanced science courses.

Sincerely,

Shawn Flynn

Curriculum Coordinator

Moving Towards More Advanced Science Opportunities for

Londonderry High School Learners

PurposeLearners at Londonderry High School deserve opportunities to take more

advanced science courses in high school

In order to provide for our learners, changes need to be made to our science program

Rationale

9th Grade Science Honors PhysicsHonors Biology Honors

Chemistry

9th Grade Science CP Biology A

GRADE 9 GRADE 10 GRADE 11 GRADE 12

9th Grade Science

CP Chemistry A

CP Biology B CP Chemistry B

CP Physics A

CP Physics B

RationaleExamples of AP Offerings at

Other Southern NH High Schools:

AP BiologyAP ChemistryAP Physics 1AP Physics 2

AP Physics C: Mechanics

And IB equivalents

Current LHS Advanced Placement Offering:

AP Environmental Science

RationaleGraduation Requirement at

Other Southern NH High Schools:

Exeter High School: Recommended 3 Years

Bedford High School: 3 YearsConcord High School: 3 YearsPinkerton Academy: 3 Years

Souhegan High School: 3 Years Windham High School: 3 Years

Current LHS Graduation Requirement:

2 Years of Science(9th Grade Science & Biology)

RationaleExamples of Electives at Other

Southern NH High Schools:Anatomy & Physiology

BiochemistryBotany

Computer Science CoursesEcology Courses

Engineering CoursesEnvironmental Science

Exercise ScienceForensics

Marine BiologyOceanographySustainability

Current LHS Elective Offerings:

Advanced Topics in ChemistryAnatomy & Physiology

ForensicsMicrobiology/Biomedical Science &

Technology

RationaleAdmissions Requirements at

NH Colleges:

University of New Hampshire: 3 Years

Plymouth State University: 3 Years

Keene State College:2 Years, but strongly recommends 3 years

Current LHS Graduation Requirement:

2 Years of Science(9th Grade Science & Biology)

Rationale

Percentage of Class of 2020 Enrolled During their Junior Year

In One Science Course:80% (About 281 Students)

In Two Science Courses:12% (About 43 Students)

Percentage of Class of 2019 Enrolled During their Senior Year

In One Science Course:75% (About 263 Students)

In Two Science Courses:18% (About 64 Students)

Percentage of Class of 2020 Enrolled During their Senior Year

In One Science Course:60% (About 209 Students)

In Two Science Courses:13% (About 44 Students)

PilotHigh performing 8th graders interested in science

were given the opportunity to place out of 9th grade science for the 2019-2020 school year

These learners are currently taking a biology course and will be able to take a wider variety of science

courses in the future

Example Course Progression Because of the Proposed Change

Honors Biology AP PhysicsHonors Chemistry Honors Physics

AP Biology Marine Biology

GRADE 9 GRADE 10 GRADE 11 GRADE 12

Benefits and Outcomes

More learners will be better prepared for college admission

Our learners will have the opportunity to take more

science courses

Our learners will have the opportunity for a variety of

science experiences, making them more well-rounded

Our learners will be better-prepared for 21st

century demands

Next Steps

Proposal at December Program of Studies

Meeting

Map out updated ninth grade science curriculum.

Proposal at FY 2020-2021 Budget Meeting

Any increased costs to changing the ninth grade science curriculum will be presented at this meeting.

Further Down the Road: Develop New Advanced Courses

Potential Future LHS Advanced Placement Offerings:

AP BiologyAP Environmental Science

AP Physics

Dual enrollment

Policy Consideration:Graduation Requirement

If we are heading down the road, would the School Boardconsider increasing the

graduation requirements from2 to 3 years of science?

Questions?

SCHOOL ADMINISTRATIVE UNIT NO. 12 5 Office of the Superintendent of Schools Londonderry, New Hampshire 03053

The meeting of the Londonderry School Board was held on Tuesday, August 27, 2019 at 7:00PM at the Londonderry Town Office, Moose Hill Conference Room, 268B Mammoth Road, Londonderry, NH. In 10 attendance were School Board members: Ms. Ganem, Mrs. Hendricks, Mr. Lekas, Mr. Saucier and Mr. Young. Also in attendance were Superintendent, Mr. Laliberte, Business Administrator, Mr. Curro and School Board Secretary, Lisa Muse. 1. Call To Order : The meeting was called to order at 7:00PM by Mrs. Hendricks. 15 2. Pledge of Allegiance : The Pledge of Allegiance was led by Sandra Mack and William Van Bennekum. 3. Questions, Announcements and Presentations 3.1 Principals’ and Kindergarten Coordinator’s Opening Day Reports: Mr. Dutton mentioned that Sanborn Road was paved. He discussed the orientations and step up day and mentioned 20 September 3rd and September 4th were Open Houses. Mrs. Small thanked Brush and Hammer Remodeling who did the paintings on the doors. Parent nights are September 4th and September 18th. Mrs. Boyd appreciated all the veteran drivers being on the same busses. They all thanked the IT and custodial staff. Mrs. Mack said the orientation for parents and students was yesterday and they met the teachers and took a drive on the bus. LEEP students had drop in day. She thanked the bus company with 25 all the last minute changes. Theresa Bertrand is thanked for all the hard work with registrations. Mr. Van Bennekum thanked the building leadership team for making the first day a success. Mr. Parent thanked building and grounds for all their hard work and the finishing touches are being put on the outdoor classroom. Teacher workshops days were very productive. September 6th is the first home football game. September 10th is picture day and September 26th is Parent Night. Mrs. Carpinone 30 thanked STA for their first opening for special ed population. Bob Slater, 1 Stonehenge Road: He thanked the principals and staff for the tours and found them very informative and eye opening. Gun Shot Awareness got rave reports. Mr. Curro and Mrs. Carpinone handled the situation and community and teachers gave great feedback. Mr. Curro thanked the faculty for their cooperation with the Gun Shot Awareness program and 35 only six members opted out. He gave a short review on how the day was handled by the police and fire departments. The teachers were in groups and went over the ADD protocol and the police fired off four blanks. There was a brief debriefing after each event to answer questions. Mrs. Carpinone mentioned they got a lot of positive feedback. Mr. Laliberte said he is grateful for the EOP team and the cooperation with the Town was great. He appreciated how difficult this was for a lot of staff. 40 4. Consent Agenda : Ms. Ganem made a motion to accept the Consent Agenda. Mr. Lekas seconded the motion and the motion passed by a vote of 5-0. 4.1 Retirement(s): Robert Couture HVAC Technician District Wide 4.2 Resignation(s):Payton Broadhurst SPED Assistant South School 45 Kerin Brown Office Assistant High School Jacy DeMarco SPED Assistant Middle School Melissa Fox SPED Assistant South School Maribeth Geraghty SPED Assistant Moose Hill Melissa Goedde Library/Media Assistant High School 50 Leah Hunt SPED Assistant Middle School Krystal Munroe Teacher Moose Hill 4.3 Minutes: August 6, 2019 4.4 Meetings: September 10, 2019 Regular Meeting 7:00PM Town Offices

August 27, 2019

2

September 24, 2019 Regular Meeting 7:00PM Town Offices 5 October 8, 2019 Regular Meeting 7:00PM Town Offices October 22, 2019 Regular Meeting 7:00PM Town Offices 5. Committee Reports 5.1 Student Council – Erin Batchelor: With the new school year starting, the student 10 council has many ideas we would like to pursue. We are beginning to plan our homecoming dance and recently hosted Applestock on the town commons. We are excited to see what the year will bring and we will bring our best efforts to making the year as enjoyable as possible for our fellow students

5.2 Teacher Liaison – Mary Wing Soares: None 5.3 School Board Liaison Reports: Mr. Saucier attended the August 14th Planning Board 15 meeting to talk about the CIP and school business. The next meeting is September 11th at 6:00PM. Mr. Young talked about the school tours and mentioned our oldest school Matthew Thornton had the most polish in it. He thanked all the custodians. He mentioned that a citizen asked about the North School parking lot and the forced main. He asked if that is in the Town right of way. Mr. Curro said the Town doesn’t like the forced main in their right of way and that’s why we acted. He asked if our parking lot is 20 not in the right of way and Mr. Curro said it is off the Town right of way and not by much. Mr. Young asked why didn’t the school district charge for it and for that privilege. Mr. Curro said in order for the development the blasting would have to take place. We didn’t give anything away. The next C3 meeting is Thursday, September 19th in the High School library with a 4:00PM start time. 25

6. Deliberations 6.1 To see what action(s) the Board will take regarding the third reading to amend the following policies:

Policy JICD Student Conduct, Discipline and Due Process Policy JG Student Behavior Standards/Student Code of Conduct 30 Policy JG-R Student Code of Conduct Chart Policy JICFA Hazing Policy JFCH Drug, Alcohol and Tobacco Use By Students Policy JFCI Life of a Lancer Policy JIH Student Searches and Their Property 35 Policy JIH-R Searches of Students Policy JFCL Breathalyzer Policy Policy JFCL-R Use of Breathalyzer Policy JFCL-E Breath Test Decision Flowchart

Mrs. Carpinone mentioned there have been no changes. Mr. Young thought in some way public 40 comment on this section should be considered. Mr. Lekas made a motion to accept the third reading of the listed Policies as previously read. Mr. Saucier seconded the motion. The motion passed by a vote of 5-0. 6.2 To see what action(s) the Board will take regarding the third reading to rescind the following policies: 45

Policy JFCK (JFCB) Care of School Property Policy JFC Student Conduct Policy JI Student Rights and Responsibilities Policy JFCH/JFCI-R Student Alcohol Use/Drug Abuse Policy JFCH/JFCI-R Student Suspension Readmission Contract 50 Policy JFCH/JFCI-E Student Suspension Readmission Contract Policy JICFA-R Hazing Complaint Procedure

Mr. Saucier made a motion to rescind the policies listed above for the third reading, Mr. Lekas seconded the motion. The motion passed by a vote of 5-0.

August 27, 2019

3

Mrs. Carpinone mentioned that the new policies will be online by the end of the day tomorrow. 5 Mr. Curro announced the school district has received $16,000 from a local organization. Those

funds will cover all the outstanding lunch accounts as of June 3rd. All accounts have been adjusted. This is a one-time good faith. 6.3 To see what action(s) the Board will take regarding the transfer of funds to the unassigned fund balance: Mr. Curro mentioned that in order to transfer the operating surplus of FY19 10 and reserve fund balance the law requires the Board approve the transfer. The undesignated fund balance from Fiscal Year operations is $184,261 from the auditors. He is recommending an additional $100,000 be added to the unreserved fund balance of the school district $384,261 will then be used as revenue to offset the December 2019 property tax for local education. That will bring us just over $900,000 in this fund. The maximum amount of funds the School District can retain in its unassigned 15 fund balance as of June 30, 2019 is $1,500,000. Ms. Ganem asked at one point the town was holding money for us and they determined they don’t have to do that anymore around $2 million. Mr. Curro said the amount was somewhere in that area. It wasn’t our money it was being held for an emergency fund. Mr. Young noted that the bond people didn’t look at that as our money, but now our fund is our money and the bond agencies look at that and our rating should improve. Ms. Ganem made a motion to 20

transfer $100,000 to the unassigned fund balance. Mr. Saucier seconded the motion. The motion passed by a 5-0 vote. 7. Superintendent’s Report 7.1 Preliminary Enrollment Report - Scott Laliberte: As of August 23rd these are the 25 numbers enclosed in the packet. The numbers K-12 are at 4249 which is up 15 from last year. There were two large classes that moved up: 5th to 6th grade and 8th to 9th grade. The Kindergarten class last year was very low. 22 students are still outstanding who have not officially registered. LEEP numbers continue to change. Moose Hill is at 261. Mr. Young cautioned everyone that you have to wait until the end of September to get a feel for the real numbers. 30

7.2 Update on Facilities Study Committee - Scott Laliberte: He mentioned that there is a meeting September 4th at 6:00PM at the Moose Hill sensory motor room. Two other meetings are scheduled for September 18th at 4:00 and October 2nd at 6:00PM. The web page was created specifically to the Facilities Study Committee and the public can view this. Mrs. Hendricks asked Mr. Laliberte about full day kindergarten. Mr. Laliberte mentioned that two presentations have been given and a 35 survey. They started with those families that have children and intend to use that to get some community feedback. This is something that we believe should be a deliberate and purposeful decision as a community. It has considerable costs attached to it and before anything is put out we need to have that decision made.

Mr. Young asked about Page 1 of the packet they are signing regarding the school district profile 40 are all listed as 0. Mr. Curro said the DOE hasn’t calculated that yet. This is a school financial report to be turned in by September 1st.

8. Non-Public Session: Non-Public Session requested under RSA 91-A:3, Section II (b) and (c). Ms. Ganem made a motion to move into Non-Public session requested under RSA 91-A:3, Section 45 II (b) and (c). Mr. Lekas seconded the motion. The motion passed by roll call vote. 9. Adjournment: The meeting was adjourned at 7:57PM. Respectfully submitted, 50 Lisa Muse School Board Secretary

Londonderry School Board Non-Public Minutes Tuesday, August 27, 2019 PRESENT: Board Members: Ms. Ganem, Mrs. Hendricks, Mr. Lekas, Mr. Saucier and Mr. Young Superintendent of Schools: Mr. Laliberte Assistant Superintendent: Mr. Black Director of Business Administration: Mr. Curro 5 Director of Human Resources: Mrs. Swenson Ms. Ganem moved, seconded by Mr. Lekas and passed unanimously (5-0) to enter non-public session under RSA 91-A:3, Section II (b) and (c) at 7:58PM 10 Mr. Lekas moved, seconded by Mr. Saucier and passed unanimously (5-0) to approve administration’s recommendations for 4 teachers and 2 guidance counselors Mr. Saucier moved, seconded by Mr. Lekas and passed unanimously (5-0) to approve administration’s recommendations for several support staff nominations 15 Discussion regarding a teacher resignation Mr. Lekas moved, seconded by Mr. Young and passed unanimously (5-0) to approve administration’s recommendations for several co-curricular nominations 20 Mr. Saucier moved, seconded by Ms. Ganem and passed unanimously (5-0) to approve administration’s recommendations to release a teacher from their contract Mr. Lekas moved, seconded by Mr. Young and passed unanimously (5-0) to approve 25 administration’s recommendations for 2 coaching nominations Ms. Ganem moved, seconded by Mr. Saucier and passed unanimously (5-0) to approve administration’s recommendation for Destination Imagination nominations 30 Mr. Lekas moved, seconded by Ms. Ganem and passed unanimously (5-0) to approve administration’s recommendation for a designation of manifestation of educational hardship for student presented along with a non-disclosure agreement with another school district and the family involved 35 Mr. Lekas moved, seconded by Ms. Ganem and passed unanimously (5-0) to exit non-public session at 8:30PM Mr. Lekas moved, seconded by Ms. Ganem and passed unanimously (5-0) to adjourn public session at 8:30PM 40 Respectfully submitted, 45 Scott A. Laliberte Superintendent of Schools

Page 1

Memo To: Superintendent Scott Laliberte

From: Peter Curro

CC:

Date: 9/5/2019

Re: FY20 Capital Lease

During the budget process, we identified various capital equipment, to be funded via a capital lease. The equipment designed to be funded through the capital lease are:

Equipment Description Estimated Cost

Bobcat $64,630

One Ton Truck with Plow $45,273

Exmark Mower $13,089

Field Groomer $26,388

The total gross for the above capital equipment is $149,388. Working with Municipal Leasing Corp [MLC]out of Vermont, they have provided us a rate of 3.87% for a three-year capital lease. Based on the cost estimates, interest rate, the annual payments for the lease is calculated at $53,302, with the first payment due in July 2020 [FY2021]. MLC acts as our fiscal agent and markets our capital lease request for the best tax exempt rate.

Londonderry School District Business Office “Giving Wings to Children’s Dreams”

A RESOLUTION OF THE LONDONDERRY SCHOOL DISTRICT

AUTHORIZING THE EXECUTION AND DELIVERY OF A MASTER

EQUIPMENT LEASE PURCHASE AGREEMENT WITH RESPECT TO THE

ACQUISITION, PURCHASE, FINANCING AND LEASING OF CERTAIN

EQUIPMENT OR CAPITAL ITEMS FOR THE PUBLIC BENEFIT;

AUTHORIZING THE EXECUTION AND DELIVERY OF DOCUMENTS

REQUIRED IN CONNECTION THEREWITH; AND AUTHORIZING ALL

OTHER ACTIONS NECESSARY TO THE CONSUMMATION OF THE

TRANSACTIONS CONTEMPLATED BY THIS RESOLUTION

WHEREAS, the Londonderry School District, a body politic and corporate duly organized and existing

as a political subdivision of the Londonderry School District (the “Lessee”), is authorized by the laws of the

State of New Hampshire to purchase, acquire and lease personal property for the benefit of the Lessee and its inhabitants and to enter into contracts with respect thereto; and

WHEREAS, the Lessee desires to purchase, acquire, finance and lease certain equipment with a cost

not to exceed $ 149,000.00 constituting personal property necessary for the Lessee to perform essential

governmental functions (the “Equipment”); and

WHEREAS, the Lessee proposes to enter into that certain Master Lease Purchase Agreement and

Schedule No. 1 thereto (the “Lease”), with Municipal Leasing Consultants, LLC and/or its assigns (or one of

its affiliates) (the “Lessor”), the form of which has been available for review by the governing body of the Lessee prior to this meeting; and

WHEREAS, the Equipment is essential for the Lessee to perform its governmental functions; and

WHEREAS, the funds made available under the Lease will be deposited with pursuant to the terms of that certain Escrow Agreement, among the Lessee, the Lessor and an escrow agent satisfactory to the Lessor

and the Lessee (the “Escrow Agreement”; and together with the Lease, the “Financing Documents”) and will

be applied to the acquisition of the Equipment in accordance with said Escrow Agreement; and

WHEREAS, the Lessee has taken the necessary steps, including those relating to any applicable legal bidding requirements, to arrange for the acquisition of the Equipment; and

WHEREAS, the governing body of the Lessee deems it for the benefit of the Lessee and for the

efficient and effective administration thereof to enter into the Financing Documents and any other documentation necessary, convenient or appropriate for the purpose of the financing the Equipment on the

terms and conditions described therein;

NOW, THEREFORE, BE IT RESOLVED BY THE GOVERNING BODY OF THE LESSEE AS

FOLLOWS:

Section 1. The Lessee is hereby authorized to execute and deliver the Financing Documents with

principal components of rental payments in an aggregate amount not to exceed $ 149,380.00.

Section 2. The Financing Documents and the acquisition and financing of the Equipment under the terms and conditions as described in the Financing Documents are hereby approved. The Chief Financial

Officer of the Lessee and any other officer of the Lessee with the power to execute contracts on behalf of the

Lessee be, and each of them hereby is, authorized to execute, acknowledge and deliver the Financing Documents and any and all instruments, documents and certificates which may be required by or provided

for in the Financing Documents or as may otherwise be required for or necessary, convenient or appropriate

to the financing described in this resolution together with any changes, insertions and omissions therein as

may be approved by the officers who execute the Financing Documents, such approval to be conclusively evidenced by such execution and delivery of the Financing Documents. The C. F. O. of the Lessee and any

other officer of the Lessee with the power to do so be, and each of them hereby is, authorized to affix the official

seal of the Lessee to the Financing Documents and attest the same.

Section 3. The proper officers of the Lessee be, and each of them hereby is, authorized and directed to execute and deliver any and all papers, instruments, opinions, certificates, affidavits and other documents and

to do or cause to be done any and all other acts and things necessary or proper for carrying out this resolution

and the Financing Documents.

Section 4. Pursuant to Section 265(b) of the Internal Revenue Code of 1986, as amended (the “Code”),

the Lessee hereby specifically designates the Lease as a “qualified tax-exempt obligation” for purposes of

Section 265(b)(3) of the Code.

Section 5. Nothing contained in this resolution, the Lease nor any other instrument shall be construed

with respect to the Lessee as incurring a pecuniary liability or charge upon the general credit of the Lessee or

against its taxing power, nor shall the breach of any agreement contained in this resolution, the Lease or any

other instrument or document executed in connection therewith impose any pecuniary liability upon the Lessee or any charge upon its general credit or against its taxing power, except to the extent that the rental payments

payable under the Lease are special limited obligations of the Lessee as provided in the Lease.

Section 6. If any section, paragraph, clause or provision of this Resolution shall for any reason be held to be invalid or unenforceable, the invalidity or unenforceability of such section, paragraph, clause or provision shall not affect any of the remaining provisions of this Resolution.

Section 7. All bylaws, orders and resolutions or parts thereof, inconsistent herewith, are hereby repealed to the extent only of such inconsistency. This repeal shall not be construed as reviving any bylaw,

order, resolution or ordinance or part thereof.

Section 8. This resolution shall take effect immediately.

Adopted and approved by the governing body of the Lessee this 17 day of July 2018.

SCHOOL DISTRICT [SEAL]

By:___________________________ Name: Title: ATTEST:

By: Name: Title:

PAGE | 1

T: 802.372.8435 F: 802.372.4775 powerofleasing.com powerofenergyfinancing.com

September 3, 2019 Peter Curro Business Administrator Londonderry School District 268C Mammoth Road Londonderry, NH 03053 Dear Peter, Municipal Leasing Consultants, an independent woman-owned business, is pleased to present the following proposal to lease certain capital equipment pursuant to the following terms and conditions: LESSOR: Municipal Leasing Consultants, its Agents or Assignee LESSEE: Londonderry School District, NH EQUIPMENT: One (1) Bobcat, One (1) Truck with Plow and Sander, One (1) Mower and One (1) Groomer EQUIPMENT COST: $149,380.00 Approximately

PAYMENT STRUCTURES: Tax-Exempt Lease Purchase

Five (5) Years – Annual/ Advance

First payment of $33,314.39 due 7/1/2020 followed by four (4) annual payments

thereafter

*See attached payment schedule

RATE: 3.98%

As part of the proposal process, we encourage you to contact us to discuss the intricacies of our proposal and your specific

goals. There are many variations available to our proposed financing structure, which can be “fine tuned” as our dialog

progresses.

The preceding costs are estimates and thus, the payment amount would be changed in proportion to the actual cost. The

Vendor(s) will be paid upon the Lessee’s authorization and the execution of mutually acceptable documentation.

THE ABOVE QUOTES ARE FIXED FROM SEPTEMBER 3, 2019 TO OCTOBER 3, 2019 IN ANTICIPATION OF CLOSING /

FUNDING BY THIS DATE. THEREAFTER, THE RATE WILL FLOAT AND NOT BE LOCKED IN UNTIL DOCUMENTS ARE PREPARED

FOR CLOSING AND WILL BE BASED ON THE LIKE TERM SWAP RATES.

EQUIPMENT ACCEPTANCE DATE:

This proposal is based on both the assumption and the condition that any and all equipment will be delivered to and

accepted by Lessee prior to September 3, 2020.

Municipal Leasing Consultants T: 802.372.8435 F: 802.372.4775

PAGE | 2

OPTION AT LEASE EXPIRATION:

At the lease expiration, the Lessee shall have the right to purchase the equipment for One dollar ($1.00), assuming the

lease is not in default and all terms and conditions of the lease have been met.

NET LEASE:

This lease will be a net lease transaction with maintenance, acceptable insurance coverage, taxes and any legal fees the

responsibility of the Lessee.

LEASE AMORTIZATION SCHEDULE:

Amortization schedules with separate principal and interest cost breakdown will be provided with the final

documentation.

WARRANTIES:

Lessor is bidding only as to the provision of lease purchase financing for the purchase cost of the equipment and will have

no responsibility to the Lessee or any other person for the selection, furnishing, delivery, servicing or maintaining of the

equipment. All equipment manufacturer or vendor warranties will be passed to the Lessee under the agreement.

NON-APPROPRIATION:

The lease payments shall be subject to annual appropriation for each fiscal year.

BANK OR NON-BANK QUALIFICATION:

Lessee reasonably anticipates the total amount of tax-exempt obligations (other than private activity bonds) to be issued

by Lessee during calendar year 2019, will not exceed ten million ($10,000,000.00) dollars.

FINANCIAL STATEMENTS:

If applicable, Lessee shall furnish Lessor with its financial statement for the last three (3) fiscal years and its current year

fiscal budget.

AUTHORIZED SIGNORS:

The Lessee’s governing board shall provide MLC with its resolution or ordinance authorizing this Agreement and shall

designate the individual(s) to execute all necessary documents used therein.

LEGAL OPINION:

The Lessee’s counsel shall furnish MLC with an opinion of counsel letter covering this transaction and the documents used

herein.

REIMBURSEMENT:

If Lessee intends to be reimbursed for any equipment cost associated with this agreement, intent for reimbursement from

the proceeds of this Agreement must be evidenced, and must qualify under the Treasury Regulation Section 1.150.2.

DOCUMENTATION:

All documentation will be provided by Lessor, its Agents or Assignee, and must be satisfactory to all parties concerned.

ESCROW FUNDING:

• If applicable, an interest-bearing escrow account will be established to make disbursements. The proceeds of the lease will be deposited into an Escrow Account at a fee of $250.00.

Municipal Leasing Consultants T: 802.372.8435 F: 802.372.4775

PAGE | 3

We will need the following prior to disbursements from escrow:

1. Payment Request and Acceptance Certificate signed by authorized signer 2. Vendor Invoice with payment instructions (wire or check) 3. W-9 for Vendor 4. Vehicles – Front and Back of Certificate of Origin listing the bank as lien holder (This will be given to the customer

and vendor after final credit approval. 5. Serial numbers for any attachments/ equipment 6. Insurance Certificate – Listing the applicable property and liability coverage and listing the lease number,

equipment and any VIN/ serial numbers.

PREPAYMENT OPTION:

The Lessee will have the option to prepay on any payment date for 102% of the remaining balance.

BASIS OF PROPOSAL:

This proposal is based upon financing being provided by Lessor and should not be construed nor relied upon as a

commitment. Such a commitment is subject to formal credit review, approval and execution of mutually acceptable

documentation. The contract, and not the proposal, will set forth the agreement between the parties.

We appreciate the opportunity to provide this proposal and look forward to working with you in the future. If the

foregoing meets with the School’s approval, please date and sign the acceptance below and return the signed proposal to

the undersigned via email or fax to 802-372-4775 and subsequently remit payment of $695.00 for the Documentation

Fee. Failure to consummate the transaction after credit approval will result in a $695.00 cancellation fee. Formal credit

approval will be pursued upon receipt of the signed proposal and complete credit package. Credit approval normally

takes ten (10) to fourteen (14) business days.

If you have any questions or need further information, please do not hesitate to contact me at 802-372-8435.

The foregoing is acknowledged and accepted as of the ________ day of ______________________, 2019.

Londonderry School District, NH

By: _________________________________

Title: ________________________________

Sincerely,

Reneé Piche

Reneé M. Piché

President

09/03/2019 11:39:30 AM Page

1 Londonderry SD, NH - 5 years

Compound Period: Annual

Nominal Annual Rate: 3.980 %

CASH FLOW DATA

Event Date Amount Number Period End Date

1 Loan 09/03/2019 149,380.00 1

2 Payment 07/01/2020 33,314.39 5 Annual 07/01/2024

AMORTIZATION SCHEDULE - Normal Amortization

Date Payment Interest Principal Balance

Loan 09/03/2019 149,380.00

2019 Totals 0.00 0.00 0.00

1 07/01/2020 33,314.39 4,919.14 28,395.25 120,984.75

2020 Totals 33,314.39 4,919.14 28,395.25

2 07/01/2021 33,314.39 4,815.19 28,499.20 92,485.55

2021 Totals 33,314.39 4,815.19 28,499.20

3 07/01/2022 33,314.39 3,680.92 29,633.47 62,852.08

2022 Totals 33,314.39 3,680.92 29,633.47

4 07/01/2023 33,314.39 2,501.51 30,812.88 32,039.20

09/03/2019 11:39:30 AM Page

2 2023 Totals 33,314.39 2,501.51 30,812.88

5 07/01/2024 33,314.39 1,275.19 32,039.20 0.00

2024 Totals 33,314.39 1,275.19 32,039.20

Grand Totals 166,571.95 17,191.95 149,380.00

Memo

To: Londonderry School Board

From: Scott Laliberte

Date: September 5, 2019

Re: Update on Kindergarten Study

The efforts continue throughout the District to bring about the outcomes discussed in our

presentation on the Moose Hill facility and prospect of Full-Day K. Progress has continued to be

made on the following areas:

1. Re-Charged Facility Study Committee

a. As has been reported, the FSC met on Wednesday September 4th at Moose Hill School. The

group reviewed the outcomes and materials collected to this point, and discussed ways to

address several of the variables to consider under each outcome. Our next meeting will be

Wednesday 9/18, which will be focused on developing a list of facility requirements needed

to support a full day program.

2. Kindergarten Program Review

a. Staff members worked with Dan this summer to conduct an analysis of the last three years’

data from Kindergarten students, including subsequent growth measured in the first and

second grade in two years after for each cohort. Conclusions and analysis are still in

progress, and will be reviewed at an upcoming Board meeting.

3. Community Information Sessions

a. Work has begun to develop a program for a community presentation regarding the

advantages and challenges of full day kindergarten. That presentation will be offered to the

public in a variety of different venues including C3, PTA Meetings, and a video for

distribution on community access TV and YouTube. We are exploring other options for

venues and communication. The intent is to complete these presentations prior to February

vacation, ahead of a possible referendum in March.

4. Surveys to determine support level for Full Day Kindergarten

a. We have designed an initial survey, which was tested with parents in last year’s

Kindergarten group. We are studying the survey results in order to validate further use of the

format, and will be administering it to a wider group this fall. We intend to widen

participation to include both families of current students K-12 and community members who

do not have children enrolled in our schools. Results will be presented at a subsequent Board

meeting.

Londonderry School District

Superintendent of Schools

“Giving Wings to Children’s Dreams”