School Board Agenda & Packet Summary – LCSD – June 22, 2026

Meeting Information

• Public Body: Le Mars Community School District
• Organization Type: school-district
• Government Body: school-boards
• Meeting Title: Board of Education Special Meeting
• Meeting Date: 2026-06-22
• City: Le Mars
• County: Plymouth County
• State: iowa
• Meeting Source URL: https://drive.google.com/file/d/1CGvJ6IHKj1ao_BiYcKMZ0LJp12gjj1sP/view
• Meeting Listing URL: https://drive.google.com/drive/folders/1XNdWc4lr7-OH7RXAqpDiWxemJUFjFfRK
• Public Body Website: https://www.lemarscsd.org/school-board
• Meeting Video URL: https://www.youtube.com/channel/UCQbZp3XNNX95p1Kv-uox8Ig/streams
• Video Channel URL: https://www.youtube.com/channel/UCQbZp3XNNX95p1Kv-uox8Ig

What Community Members Should Know

The June 22, 2026 special meeting of the Le Mars Community School District Board of Education was a narrowly focused meeting dedicated almost entirely to completing the legal and financial steps required to issue School Infrastructure Sales, Services and Use Tax (SAVE) revenue bonds. According to the meeting agenda, the board was scheduled to consider a package of bond issuance resolutions prepared by bond counsel Ahlers & Cooney.

The most significant action before the board was authorization of approximately $24,275,000 in School Infrastructure Sales, Services and Use Tax Revenue Bonds, Series 2026. These bonds are backed by Iowa's SAVE revenue authorized under Chapter 423F of the Iowa Code rather than by a traditional property tax levy, according to the agenda materials.

Because this was a special meeting, the agenda did not include the wide range of reports, personnel actions, curriculum discussions, or operational updates that often appear at regular board meetings. Instead, the meeting concentrated on completing the required legal documents so the financing could move forward, including appointment of a paying agent, approval of tax and disclosure certificates, and adoption of the bond issuance resolution.

For residents, taxpayers, students, and employees, the primary takeaway is that the district was moving ahead with a major infrastructure financing package. While the packet does not describe the specific projects that will be funded, the bond authorization represents a significant capital financing action intended to support district infrastructure through SAVE revenue.

Major Discussion and Action Items

Bond Issuance for School Infrastructure Projects

The central purpose of the special meeting was consideration of resolutions authorizing the issuance of $24,275,000 in School Infrastructure Sales, Services and Use Tax Revenue Bonds, Series 2026. The proposed financing is to be issued under Chapter 423F of the Iowa Code and secured through SAVE revenues. The agenda identifies this as the principal business of the meeting.

Appointment of Bond Administration Services

The board was asked to appoint UMB Bank, N.A. of West Des Moines, Iowa as the district's paying agent, bond registrar, and transfer agent. Approval also included the associated agreement authorizing the bank to administer these responsibilities during the life of the bonds. These administrative functions help ensure accurate payment processing, recordkeeping, and bond ownership transfers.

Tax Exemption Certificate

Board members were scheduled to approve placement of a tax exemption certificate on file. Such certificates are commonly required as part of municipal bond transactions to document compliance with federal tax requirements associated with tax-exempt borrowing. The packet identifies approval of this certificate as one of the required issuance documents.

Continuing Disclosure Certificate

The agenda also included approval of a continuing disclosure certificate. This document establishes the district's ongoing commitment to provide required financial information to bond investors after the bonds are issued. Continuing disclosure supports transparency throughout the life of the financing.

Authorization of Bond Terms

The board was scheduled to approve the resolution establishing the terms of the bonds and providing for payment and security of the debt. This action authorizes the legal framework governing the Series 2026 bonds and completes one of the final steps needed before issuance.

Adjournment and Return to Regular Business

Because the meeting was dedicated to bond financing, the agenda concluded with adjournment after the financing actions were considered. The next regular meeting of the Board of Education was identified as July 13, 2026 at 6:00 p.m.

Financial Matters

The principal financial matter before the board was authorization of $24,275,000 in School Infrastructure Sales, Services and Use Tax Revenue Bonds, Series 2026.

The financing is identified as SAVE revenue bonds issued under Chapter 423F of the Iowa Code. The agenda indicates these bonds are secured through School Infrastructure Sales, Services and Use Tax revenues rather than describing a property tax financing mechanism.

Additional financial actions included:

• Appointment of UMB Bank, N.A. as paying agent, bond registrar, and transfer agent.
• Approval of the paying agent, bond registrar, and transfer agent agreement.
• Approval of the tax exemption certificate.
• Approval of the continuing disclosure certificate.
• Approval of the bond issuance resolution establishing payment terms and security for the bonds.

The packet does not identify the individual capital projects, construction activities, vendors, repayment schedule, interest rates, or project allocations supported by this financing.

Policies, Ordinances, Resolutions, and Governance

The meeting agenda focused on adoption of several formal board resolutions required for issuance of the Series 2026 SAVE bonds.

These governance actions included:

• Resolution appointing UMB Bank, N.A. as paying agent, bond registrar, and transfer agent.
• Resolution approving the related administration agreement.
• Approval of the tax exemption certificate.
• Approval of the continuing disclosure certificate.
• Resolution authorizing issuance of the $24,275,000 School Infrastructure Sales, Services and Use Tax Revenue Bonds and establishing the method for payment and security.

No additional policy revisions, student handbook changes, governance restructuring, or legal disputes are described in the available packet.

Reports, Presentations, and Informational Updates

The available packet contains no superintendent report, financial report, enrollment update, curriculum presentation, facilities presentation, audit, or committee report.

Instead, the meeting materials are limited to the agenda and references to legal bond documents prepared for board consideration.

Personnel, Appointments, and Organizational Matters

No employee hiring, resignations, retirements, appointments, employment contracts, recognitions, or board membership changes are identified in the available materials.

The only appointment listed is the proposed designation of UMB Bank, N.A. to perform administrative functions associated with the bond issuance.

Projects, Facilities, Infrastructure, and Operations

The bond authorization indicates the district is pursuing a significant infrastructure financing initiative supported through Iowa SAVE revenues.

Although the packet does not identify individual construction projects, renovations, equipment purchases, or facility improvements, authorization of more than $24 million in infrastructure bonds represents an important capital financing step that may support future school facility investments.

No project schedule, contractor information, construction timeline, or implementation phases are included in the available source material.

Public Hearings and Opportunities for Community Input

The agenda identifies the meeting as a public special meeting of the Board of Education.

The available materials do not identify a formal public hearing, public comment period, survey, or additional community engagement opportunity related to the bond issuance.

Community members interested in the financing could attend the special meeting and may also follow future discussions at the board's next regular meeting scheduled for July 13, 2026.

Community Impact

The proposed financing could affect several community groups.

Students and families may ultimately benefit from infrastructure investments supported through the bond proceeds, although the packet does not identify specific projects.

District employees may be affected by future facility improvements financed through the bonds.

Taxpayers have an interest in the district's long-term capital financing strategy and use of SAVE revenues, even though the agenda does not discuss changes in local tax rates.

Residents may wish to monitor future meetings for information describing how the authorized bond proceeds will be allocated among district infrastructure projects.

Because the packet focuses on legal financing actions, broader operational impacts are not described.

Questions Community Members May Want to Ask

• Which facility or infrastructure projects will receive funding from the $24.275 million bond issue?
• What criteria were used to determine the size of the financing?
• What is the anticipated timeline for spending the bond proceeds?
• How will SAVE revenues support repayment of the bonds?
• What improvements will students notice first?
• Will projects be completed in phases or simultaneously?
• Are additional bond issuances anticipated in future years?
• What reporting will the district provide as projects move forward?
• How will construction activities affect school operations, if at all?
• When will the public receive detailed project budgets and schedules?

Important Dates, Deadlines, and Next Steps

• June 22, 2026: Special Board of Education meeting to consider bond issuance resolutions and related financing documents.
• June 22, 2026: Consider appointment of UMB Bank, N.A. as paying agent, bond registrar, and transfer agent.
• June 22, 2026: Consider approval of tax exemption and continuing disclosure certificates.
• June 22, 2026: Consider authorization of $24,275,000 in Series 2026 SAVE revenue bonds.
• July 13, 2026, 6:00 p.m.: Next regular meeting of the Le Mars Community School District Board of Education.

Key Takeaways

• The special meeting focused almost exclusively on bond financing.
• The board considered issuance of $24,275,000 in SAVE revenue bonds.
• The bonds are identified as Series 2026 School Infrastructure Sales, Services and Use Tax Revenue Bonds.
• The financing is authorized under Chapter 423F of the Iowa Code.
• UMB Bank, N.A. was proposed as paying agent, bond registrar, and transfer agent.
• The board considered approval of required tax exemption documentation.
• The board considered approval of a continuing disclosure certificate.
• Legal bond documents were prepared by Ahlers & Cooney.
• The packet does not identify specific construction projects funded by the bonds.
• The next regular board meeting was scheduled for July 13, 2026.

Official Sources

• Meeting source: https://drive.google.com/file/d/1CGvJ6IHKj1ao_BiYcKMZ0LJp12gjj1sP/view
• Meeting listing: https://drive.google.com/drive/folders/1XNdWc4lr7-OH7RXAqpDiWxemJUFjFfRK
• Public body website: https://www.lemarscsd.org/school-board
• Meeting video: https://www.youtube.com/channel/UCQbZp3XNNX95p1Kv-uox8Ig/streams
• Video channel: https://www.youtube.com/channel/UCQbZp3XNNX95p1Kv-uox8Ig

About the Public Body

• Name: Le Mars Community School District
• Organization type: school-district
• Government body: school-boards
• Location: Le Mars, iowa
• County: Plymouth County
• Provider: google-drive

Keywords

Le Mars Community School District, Board of Education, special meeting, June 22 2026, SAVE bond, School Infrastructure Sales Services and Use Tax, Series 2026 bonds, Chapter 423F, $24,275,000, Ahlers & Cooney, UMB Bank, paying agent, bond registrar, transfer agent, continuing disclosure certificate, tax exemption certificate, infrastructure financing, capital projects, Iowa school district, Bulldogs, Education Service Center, Lincoln Street SW, Board governance, public finance, July 13 2026 meeting