Spring Break has arrived, although I’m not sure Mother Nature is on the same page! I hope students and their families, along with teachers, can take time to relax and refresh this coming week! This edition is chalk full of information, so be sure to scroll all the way through. I wish you a safe and happy week!
March 20th – Beginning of 4th Qtr.
March 21st – School Board meeting, Conference Center
March 21st & 23rd K-4 Parent/Teacher Conferences
March 23rd PAT All Star Night
March 27th-31st K-4 NWEA Assessments
April 5th- Grade Check/Progress Reports send home
April 6th – Spring Pictures
April 7th — A Day In K
April 10-11- Parent/Teacher Conferences
April 14th – NO SCHOOL
Choir Performs at SWCL Musical Festival
This Saturday, the choir students performed at the SWCL music festival in Spokane. We took 14 solos and ensembles. Their results are listed below. We also competed as a choir. The choir received a 1 rating from both judges on not only their prepared performance, but on sight-singing as well! Please congratulate the students when you see them.
Darrick, Brittany, Alison – 2
Band Participates in the SWCL Competition
Congrats, choir students! The band also participated in the SWCL Competition on Saturday. Here are our results:
Clever PTA Penny Wars
CLEVER R-V SCHOOL DISTRICT APPROVES
GENERAL OBLIGATION BOND REFUNDING
WITH A NET SAVINGS OF ABOUT $315,657
The Clever R-V School District recently closed a refinancing on February 28, 2017 to refund the Series 2007 and Series 2010 Bonds, saving $315,657 of interest expense. The Board of Education approved a resolution on Tuesday, November 8, 2016, that established a final terms committee consisting of Marla Shuler, Board President, Steve Carvajal, Superintendent of Schools, and Larry J. Hart, President and CEO of L.J. Hart & Company, for the purpose of setting the interest rates on the refunding bonds. On February 1, 2017 the final terms committee was able to lock in the interest rates for $3,465,000 General Obligation Refunding Bonds at an average of about 2.49%, compared to the remaining Series 2007 and Series 2010 Refunded Bonds which carry an average interest rate of approximately 4.09%. This $315,657 plus the savings of $1,008,953 from two previous refundings means that the District has saved $1,324,610 of interest expense since beginning its relationship with its bond underwriter, L.J. Hart & Company, in 2015. The Superintendent of Schools, Steve Carvajal, expressed enthusiasm and support for the refunding option selected by the Board of Education. “This plan reduces our existing annual debt service payments, while preserving considerable flexibility for the District to bring a no tax levy increase Bond issue in the future,” Mr. Carvajal remarked.
The Board President, Marla Shuler, pointed out that the $315,657 of interest savings for the Series 2017 refunding is not all the District may realize due to the Series 2017 Refunding Bonds having a call feature in March 1, 2022 at no penalty. “If interest rates are lower in 2022 or later, we can take advantage of that. Meanwhile we are locking in these levels that are about one and a half percent (1.60%) lower than they were in 2007 and 2010,” stated Ms. Shuler. L.J. Hart & Company of St. Louis, Missouri prepared the refunding proposal and Brad M. Wegman, Vice President with the firm, explained how it can fit into the long range plans of the District. Mr. Wegman mentioned that the three significant factors making the Series 2017 refunding possible were the lower interest rates than in 2007 and 2010, the fact that the $1,465,000 portion of the Series 2007 Bonds are currently callable and the $2,000,000 portion of the Series 2010 Bonds are subject to prepayment on March 1, 2020 at no penalty; along with the District’s ability to participate in the State of Missouri’s Direct Deposit Program. This program makes it possible for the District to receive a “AA+” rating from Standard & Poor’s Corporation on the refunding bonds. L.J. Hart & Company complimented Mr. Carvajal for his prompt and thorough preparations to supply the data necessary for the rating application and official statement, as well as the Board of Education for their foresight in making the Series 2010 and Series 2007 Bonds callable in ten years.
The $2,000,000 portion of bond proceeds for the purpose of advance refunding the Series 2010 Bonds will be placed in an escrow account with the UMB Bank in Kansas City and reinvested in U.S. Treasury Securities. The earnings from this escrow account will cover the interest payments on the $2,000,000 portion of the Series 2017 refunding bonds through March 1, 2020 and will prepay the Series 2010 Bonds on that date. The $1,465,000 portion refunded the Series 2007 Bonds on March 1, 2017. The Series 2017 Refunding Bonds were underwritten by L.J. Hart & Company of St. Louis, Missouri, as well as being offered to local financial institutions. Several board members commended Mr. Carvajal and L.J. Hart & Company for developing the attractive refunding plan. “It is nice to be able to save $315,657 of our taxpayers’ money by reacting to a favorable interest rate environment while boosting our total savings to over $1,324,610 in the past two years,” commented Rex Maples, Vice President of the Board of Education.
Join the Clever Theatre Department for it’s first ever One-Act Festival directed by students!
Under 4 are free
Clever Bands Car Show-Mark Your Calendars!
Victor Lane Fundraiser
Tuesday night April 25th, we will have a spectacular night at the High School ball fields with both softball, and baseball games. We will have vendors (booths available), concessions, games in between (including our dizzy bat competition and a duck throw) and a lantern lighting ceremony at the end. We may also have our wish kid there!!!
One difference from last year is that we will be selling shirts to the public. We have two different options available. You can order through a link to a google form, or you can order with our online store (which will be a slightly higher cost, but you can use a credit card to purchase that way). We will have those links available to you within the week!! We will have several different options for you to choose from also.
CCBA Promotes Clever Garage Sale Day April 29th
The Clever Community Betterment Association (CCBA) invites you to visit the neighborhoods and businesses of Clever on Saturday, April 29th. We encourage local residents who are considering a spring garage sale to hold their sale on this day. An April 29th garage sale will also help residents sell items they want out of their homes prior to the Clever Clean Up Days during the first week of May. Clever businesses are encouraged to hold special promotions on April 29th while many customers from surrounding areas are visiting Clever garage sales. Clever Garage Sale Day is a great day to get out, meet your neighbors, and find several treasures. Plus, you can put a few extra dollars in your pockets from your own spring cleaning! We are looking forward to seeing you around Clever on April 29th. NEW FOR 2017— In March we will announce a location for Clever community members who live outside of town to bring their items to and sell in town. We will begin compiling a list of garage sale addresses during March and April.
Born Again Trio
Born Again is a gospel trio based in Clever Mo. If you have a special event, special church service or just want to hear some good old gospel music. Give us a call.
Ron brings his multi-genre acoustic blend back to Clever’s favorite eatery on Saturday, March 25th from 6-9p. If you’ve yet to partake, Ron does a little bit of everything: rock/country/blues/folks/gospel/soul. Ron has appeared with some of the all-time greats. Danny’s has good eats for not a lot of money and is kid friendly. Hope to see you then and there…