MAPLE VALLEY-ANTHON OTO COMMUNITY SCHOOL SPECIAL BOARD MEETING Date: Wednesday, August 12th, 2026 Time: 7:00 PM Place: Board Room, Central Office, 501 South 7th Street, Mapleton, Iowa 51034 Present: Wimmer, Streck, Paulsen, Hamann, and Schram via google meet. Absent: None Others: One guest AGENDA: I. Opening of Meeting – President Wimmer called the meeting to order and declared a quorum at 7:01pm. II. Communications - none III. Action Items A. Resolution Supporting the Proposed Issuance of Approximately $4,700,000 School Infrastructure Sales, Services, and Use Tax Revenue Bonds. The Board of Directors of the Maple Valley-Anthon Oto Community School District, State of Iowa, met in open session, in the Central Office Board Room, 501 South 7th Street, Mapleton, Iowa, at 7:00 P.M., on the above date. The Board of Directors provided a hybrid option for members of the Board to participate in the meeting. There were present President Wimmer in the chair, and the following named Board Members: Streck, Paulsen, Hamann, and Schram Absent: none. Vacant: none. Paulsen introduced the following Resolution and moved its adoption. Director Hamann seconded the motion to adopt. The roll was called, and the vote was: AYES: Wimmer, Streck, Hamann, Schram, and Paulsen. NAYS: none. The President declared the Resolution adopted as follows: RESOLUTION SUPPORTING THE PROPOSED ISSUANCE OF APPROXIMATELY $4,700,000 SCHOOL INFRASTRUCTURE SALES, SERVICES AND USE TAX REVENUE BONDS WHEREAS, the School District receives revenue from the State of Iowa Secure an Advanced Vision for Education Fund ("SAVE Revenue") pursuant to Iowa Code Section 423F.2; and ‘WHEREAS, on July 8, 2026, the Board of Directors adopted a Resolution approving a new Revenue Purpose Statement and ordered an election be held on September 8, 2026 on the new Revenue Purpose Statement to authorize expenditures from SAVE Revenue; and WHEREAS, the Board of Directors is in need of funds for the following school infrastructure project(s): to build, furnish, and equip athletic facilities, including a new track, restrooms, and for accessibility and other site improvements, including costs of issuance and a debt service reserve fund if required by the purchaser; and WHEREAS, the Board of Directors has deemed it necessary and advisable that the District issue School l to issue such Bonds: NOW, THEREFORE, it is resolved: 1. The Board of Directors supports the proposal to issue approximately $4,700,000 School Infrastructure Sales, Services and Use Tax Revenue Bonds, which may be issued in one or more series over multiple fiscal years pursuant to Iowa Code Sections 423F.2 and 423F 4, for the purpose of providing funds to build, furnish, and equip athletic facilities, including a new track, restrooms, and for accessibility and other site improvements, including costs of issuance and a debt service reserve fund if required by the purchaser. Any bond proceeds remaining after completion of this project will be used for other school infrastructure projects as authorized by the School District's Revenue Purpose Statement. 2. Eligible electors of the school district have the right to file with the Board Secretary a petition pursuant to Iowa Code Section 423F.4(2)(b), on or before close of business on August 17, 2026, for an election on the proposed bond issuance. The petition must be signed by eligible electors equal in number to not less than one hundred or thirty percent of those voting at the last preceding election of school officials under Iowa Code Section 277.1, whichever is greater. 3. In the event a petition containing the required number of valid signatures is filed with the Secretary of the Board on or before close of business on August 17, 2026, the President shall call a meeting of the Board to consider withdrawing the proposed Bond issuance, or directing that the question of the proposed Bond issuance be submitted to the qualified electors of the School District. If the Board determines to submit the question to the electors, the proposition to be submitted shall be as follows: Shall the Board of Directors of the Maple Valley-Anthon Oto Community School District in the Counties of Monona, ‘Woodbury, Ida and Crawford, State of Iowa, be authorized to issue approximately $4,700,000 School Infrastructure Sales, Services and Use Tax Revenue Bonds, which may be issued in one or more series, the undersigned Secretary of the Board of Directors of the Maple Valley-Anthon Oto Community School District, in the Counties of Monona, Woodbury, Ida and Crawford, State of Iowa, do hereby certify that attached is a true and complete copy of the portion of the corporate records of the School District showing proceedings of the Board, and the same is a true and complete copy of the action taken by the Board with respect to the matter at the meeting held on the date indicated in the attachment, which proceedings remain in full force and effect, and have not been amended or rescinded in any way; that the meeting and all action was duly and publicly held in accordance with a notice of meeting and a tentative agenda, a copy of which was timely served on each member of the Board and posted on a bulletin board or other prominent place easily accessible to the public and clearly designated for that purpose at the principal office of the Board pursuant to the local rules of the Board and the provisions of Chapter 21, Code of Iowa, upon reasonable advance notice to the public and media at least twenty-four hours prior to the commencement of the meeting as required by law and with members of the public present in attendance; I further certify that the individuals named therein were on the date thereof duly and lawfully possessed of their respective offices as indicated therein, that no board vacancy existed except as may be stated in the proceedings, and that no controversy or litigation is pending, prayed or threatened involving the incorporation, organization, existence or boundaries of the School District or the right of the individuals named therein as officers to their respective positions. WITNESS my hand this 12th day of August 2026. B. Resolution Supporting the Proposed Use of SAVE Revenue for an Athletic Facility Infrastructure Project. The board of directors of the Maple Valley – Anthon Oto Community School District, State of Iowa, met in open session, in the Central Office Board Room, 501 South 7th Street, Mapleton, Iowa, at 7:00 P.M., on the above date. The Board of Directors provided a hybrid option for members of the Board to participate in the meeting. There were present President Wimmer, in the chair, and the following named Board Members: Streck, Paulsen, Hamann, and Schram. Absent: none. Vacant: none. Director Streck introduced the following Resolution and moved its adoption. Director Paulsen seconded the motion to adopt. The roll was called, and the vote was: AYES: Wimmer, Streck, Paulsen, Hamann, and Schram. NAYS: none. Vacant: none. The President declared the Resolution adopted as follows: RESOLUTION SUPPORTING THE PROPOSED USE OF SAVE REVENUE FOR AN ATHLETIC FACILITY INFRASTRUCTURE PROJECT WHEREAS, the School District receives revenue from the State of Iowa Secure an Advanced Vision for Education Fund ("SAVE Revenue") pursuant to Iowa Code § 423F.2; and WHEREAS, on July 8, 2026, the Board of Directors adopted a Resolution approving a new Revenue Purpose Statement and ordered an election be held on September 8, 2026 on the new Revenue Purpose Statement to authorize expenditures from SAVE Revenue; and WHEREAS, the Board of Directors has considered potential uses of the District's SAVE Revenue including use for secure entries for the District's attendance centers and has determined that it is necessary and advisable for the District to use SAVE Revenue for the following athletic facility infrastructure project that is not physically attached to a student attendance center: to build, furnish, and equip athletic facilities, including a new track, restrooms, and for accessibility and other site improvements; and WHEREAS, that any petition pursuant to Iowa Code § 423F.4(2)(b), on or before close of business on August 17, 2026, for an election on the proposed use of SAVE Revenue. The petition must be signed by eligible electors equal in number to not less than one hundred or thirty percent of those voting at the last preceding election of school officials under Iowa Code § 277.1, whichever is greater. In the event a petition containing the required number of valid signatures is filed with the Secretary of the Board on or before close of business on August 17, 2026, the President shall call a meeting of the Board to consider rescinding this Resolution supporting the proposed use of SAVE Revenue or directing that the question of the proposed use of SAVE Revenue be submitted to the qualified electors of the School District. If the Board determines to submit the question to the electors, the proposition to be submitted shall be as follows: Shall the Board of Directors of the Maple Valley-Anthon Oto Community School District in the Counties of Monona, Woodbury, Ida and Crawford, State of Iowa, be authorized to use revenue from the State of Iowa Secure an Advanced Vision for Education Fund to build, furnish, and equip athletic facilities, including a new track, restrooms, and for accessibility and other site improvements, with the estimated cost of construction being $3,700,000. PASSED AND APPROVED this 12th day of August, 2026. President of the Board of Directors ATTEST: STATE OF IOWA ) )SS COUNTY OF WOODBURY ) I, the undersigned Secretary of the Board of Directors of the Maple Valley-Anthon Oto Community School District, in the Counties of Monona, Woodbury, Ida and Crawford, State of Towa, do hereby certify that attached is a true and complete copy of the portion of the corporate records of the School District showing proceedings of the Board, and the same is a true and complete copy of the action taken by the Board with respect to the matter at the meeting held on the date indicated in the attachment, which proceedings remain in full force and effect, and have not been amended or rescinded in any way; that the meeting and all action was duly and publicly held in accordance with a notice of meeting and a tentative agenda, a copy of which was timely served on each member of the Board and posted on a bulletin board or other prominent place easily accessible to the public and clearly designated for that purpose at the principal office of the Board pursuant to the local rules of the Board and the provisions of Chapter 21, Code of Iowa, upon reasonable advance notice to the public and media at least twenty-four hours prior to the commencement of the meeting as required by law and with members of the public present in attendance; I further certify that the individuals named therein were on the date thereof duly and lawfully possessed of their respective offices as indicated therein, that no board vacancy existed except as may be stated in the proceedings, and that no controversy or litigation is pending, prayed or threatened involving the incorporation, organization, existence or boundaries of the School District or the right of the individuals named therein as officers to their respective positions. WITNESS my hand this 12th day of August 2026. Shona Klingensmith, Secretary of the Board of Directors of the Maple Valley - Anthon Oto Community School District. IV. Adjourn – President Wimmer adjourned the meeting at 7:35pm. MP9-3-26
