June 22, 2017 NOTICE TO RESIDENTS OF THE MILWAUKEE AREA TECHNICAL COLLEGE DISTRICT, WISCONSIN

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1 June 22, 2017 Addition: Item H-1- Compensation Study Update NOTICE TO RESIDENTS OF THE MILWAUKEE AREA TECHNICAL COLLEGE DISTRICT, WISCONSIN A regular open meeting* of the MILWAUKEE AREA TECHNICAL COLLEGE DISTRICT BOARD, WISCONSIN, FINANCE, PERSONNEL, AND OPERATIONS COMMITTEE will be held in the BOARD ROOM, ROOM M210, of MILWAUKEE AREA TECHNICAL COLLEGE, 700 WEST STATE STREET, MILWAUKEE, WISCONSIN on THURSDAY, June 22, 2017, beginning at 4:00 P.M.* The agenda** for said meeting is presented as follows: A. Roll Call B. Compliance with the Open Meetings Law C. Approval of Minutes, May 18, Attachment 1 D. Comments from the Public E. Approval of Consent Agenda Items 1. Board Bills List Attachment 2 a. In Order by Check Number b. In Order by Payee c. Checks Exceeding $2,500 d. Channels 10/36 e. Voided Checks 2. Financial Report Attachment 3 3. Human Resources Report Attachment 4 4. Procurement Report Attachment 5 I. External Contracts None II. Procurements 1. I.T. Instructional/Administrative Microcomputer Systems, Printers, Network, Hardware & System Software See Background Information Sheet for Detail $5,000,000.00

2 2. Fire Alarm Panel and Monitoring Devices Upgrade North Campus Honeywell Building Solutions Oak Creek, WI $228, Furniture, Carpeting and Miscellaneous Furnishings See Background Information Sheet for Detail $2,000, (Estimate actual will be based on budgetary funds and project needs) 4. Milwaukee PBS Sole Source Media Providers See Background Information Sheet for Detail $3,015, Milwaukee PBS FY2018 Independent Television Production Contracts See Background Information Sheet for Detail $135, III. IV. Contracts for Services None Construction Contracts None G. Action Items V. Lease Agreements None 1. Resolution (F ) Authorizing the Sale of $1,500, General Obligation Promissory Notes, Series A of Milwaukee Area Technical College District, Wisconsin Attachment 6 2. Resolution (F ) Authorizing the Issuance and establishing the Parameters for the Sale of not to exceed $1,500, General Obligation Promissory Notes, Series B of Milwaukee Area Technical College District, Wisconsin Attachment 7 3. Resolution (F ) Authorizing The Issuance of $22,500, General Obligation Promissory Notes, Series C of Milwaukee Area Technical College District, Wisconsin Attachment 8 4. Resolution (F ) to Adopt Fiscal Year Activity Plan and Budget Attachment 9 5. Resolution(F ) to Establish Reserves for Fiscal Year Attachment Resolution (F ) Authorizing Contingency Payment of Bills and Awarding of Contracts Attachment 11

3 7. Resolution (F ) to Approve Renewal of Insurance Coverages through Districts Mutual Insurance and the Wisconsin Technical College Insurance Trust Attachment Resolution (F ) to Approve Fiscal Year Renovation / Remodeling (Capital) Projects Attachment Approval of FY Administrative Personnel Annual Contracts Attachment 14 H. Discussion Items 1. Compensation Study Update I. Information Item 1. Annual Report on Remission of Out-of-State Tuition, School Year Attachment 15 J. Miscellaneous Items K. Old Business/New Business 1. Date of Next Meeting: TBD Committee Members: Ali, Dull, Foley, Maizonet, and Wachholz * Other members of the MATC Board may be present, although they will not be participating as members of this committee. This meeting may be conducted in part by telephone. Telephone speakers will be available to allow the public to hear those parts of the proceedings that are open to the public. ** Action may be taken on any agenda item, whether designated as an action item or not. Agenda items may be moved into Closed Session for discussion when it becomes apparent that a Closed Session is appropriate under Section of the Wisconsin Statutes. The board may return into Open Session to take action on any item discussed in Closed Session. Reasonable accommodations are available through the ADA Office for individuals who need assistance. Please call to schedule services at least 48 hours prior to the meeting.

4 Attachment FPO - 1 MILWAUKEE AREA TECHNICAL COLLEGE DISTRICT BOARD FINANCE, PERSONNEL AND OPERATIONS May 18, 2017 CALL TO ORDER The regular monthly meeting of the Finance, Personnel, and Operations Committee of the Milwaukee Area Technical College District Board was held in open session on Thursday, May 18, 2017, and called to order by Director David Dull, at 4:02 p.m. in the Board Room, Room M210, at the Downtown Milwaukee Campus of Milwaukee Area Technical College. ITEM A. ROLL CALL Present: Abdulhamid Ali, David Dull, Grace Maizonet (phone), Kurt Wachholz, Mr. Foley joined the meeting at 4:20 PM. ITEM B. COMPLIANCE WITH THE OPEN MEETINGS LAW The Finance, Personnel and Operations Committee meeting was noticed in compliance with the Wisconsin Open Meetings Law. ITEM C. APPROVAL OF MINUTES, April 20, 2017 Attachment 1 Motion: It was moved by Mr. Wachholz, seconded by Mr. Ali, to approve the April 20, 2017 meeting minutes. Action: ITEM D. Motion approved. COMMENTS FROM THE PUBLIC None. ITEM E. Discussion: ADVISORY AUDIT COMMITTEE REPORT Mr. Jeff Hollow noted that the Audit Advisory Committee met prior to this committee and approved the addition of Ms. Katherine Reilly, manager, at Reilly Penner & Benton, LLP to replace Mr. Thomas Weiland also from Reilly Penner & Benton, LLP. as a committee board member.

5 Finance, Personnel, and Operations Minutes of May 18, 2017 Page 2 ITEM E. APPROVAL OF CONSENT AGENDA ITEMS E-1 Board Bills List Attachment 2 In Order by Check Number In Order by Payee Checks Exceeding $2,500 Channels 10/36 Voided Checks E-2 Financial Report Attachment 3 E-3 Human Resources Report Attachment 4 E-4 Procurement Report Attachment 5 E-5 Quarterly Affirmative Action Report Attachment 6 Motion: Action : ITEM F. It was moved by Mr. Wachholz, seconded by Mr. Foley, to approve the consent agenda. Motion approved. ACTION ITEMS F-1 Resolution (F ) Authorizing the Sale of $1,500,000 General Obligation Promissory Notes, Series L of Milwaukee Area Technical College District, Wisconsin Attachment 7 Motion: Action: It was moved by Mr. Dull, seconded by Mr. Wachholz, to approve Resolution (F ) Authorizing the Sale of $1,500,000 General Obligation Promissory Notes, Series K of Milwaukee Area Technical College District, Wisconsin Attachment 7. Motion approved. F-2 Resolution (F ) Authorizing the Issuance of $1,500,000 General Obligation Promissory Notes, Series A of Milwaukee Area Technical College District, Wisconsin Attachment 8 Motion: Action: It was moved by Mr. Dull, seconded by Mr. Wachholz, to approve Resolution (F ) Authorizing the Issuance of $1,500,000 General Obligation Promissory Notes, Series A of Milwaukee Area Technical College District, Wisconsin Attachment 7 Motion Approved.

6 Finance, Personnel, and Operations Minutes of May 18, 2017 Page 3 F-3 (F ) Approval of Class 1 Legal Notice and Preliminary FY Activity Plan and Budget Attachment 9 Motion: Action: Discussion: It was moved by Mr. Wachholz, seconded by Mr. Ali, to Approve the (F ) Class I Legal Notice and Preliminary FY Activity Plan and Budget. Motion Approved. Mr. Jeffrey Hollow, interim vice president, Finance, gave a brief overview of the Preliminary FY Activity Plan and Budget book including the Class I Legal Notice (page 28 & 29 of Activity Plan and Budget book). F-4 Resolution (F ) to Approve Offer to Purchase Milwaukee PBS Auction Facility Located at West Townsend Road, Brookfield, WI. Motion: Action: Discussion: It was moved by Mr. Wachholz, seconded by Mr. Ali, to Approve Offer to Purchase Milwaukee PBS Auction Facility Located at West Townsend Road, Brookfield, WI. Motion Approved. Ms. Janice Falkenberg, general counsel, briefly explained the resolution handed out at the meeting. F-5 Resolution (F ) to Approve Property Easement at Humboldt Avenue and Capitol Drive and to waive Requirements Regarding Appraisals Attachment 10. Motion: Action: Discussion: It was moved by Mr. Foley, seconded by Mr. Wachholz, to Approve Property Easement at Humboldt Avenue and Capital Drive and to Waive Requirements Regarding Appraisals Attachment 10. Motion Approved. Mr. Ali abstained from the vote. There was a discussion related to the improvements being made to the property related to this easement. F-6 Approval of New Audit Advisory Committee Board Member Motion: Action: Discussion: It was moved by Mr. Wachholz, seconded by Mr. Ali, to Approve Addition of New Audit Advisory Committee Member. Motion Approved. Mr. Jeff Hollow noted that the Audit Advisory Committee met prior to this committee and is seeking approval of the addition of Ms. Katherine Reilly, manager, at Reilly Penner & Benton, LLP to replace Mr. Thomas Weiland also

7 Finance, Personnel, and Operations Minutes of May 18, 2017 Page 4 from Reilly Penner & Benton, LLP. as an Audit Advisory committee board member. ITEM G. DISCUSSION ITEMS G-1 Tentative Fiscal Year Bond Financing Timetable Attachment 11 Discussion: This is a standard agenda item for this time of year. G-2 Policy Review a. Policy A Internal Audit Attachment 12 Motion: Action: Discussion: ITEM H. It was moved by Mr. Wachholz, seconded Mr. Ali, to Approve Sending Policy A Internal Audit on to the Full Board for the first review. Motion Approved. Mr. Hollow noted that procedures associated with this policy will be reviewed by the Audit Advisory Committee in August, INFORMATION ITEMS H-1 Quarterly Consultants Report Attachment 13 H-2 Quarterly Workforce Solutions Report Attachment 14 H-3 Quarterly Grants Report Attachment 15 H-4 Quarterly Sustainability Report Attachment 16 Discussion: Ms. Ginny Routhe, manager, Sustainability, briefly reviewed the attached report and Mr. Mark Felsheim, vice president, Oak Creek Campus highlighted the 2017 Sustainability Summit. H-5 Outcome Based Funding Selection for Fiscal Year Attachment 17 Discussion: ITEM I. Mr. Hollow briefly reviewed the report. Mr. Dull and Ms. Falkenberg noted that the distribution of funds and the formula used to make the calculations are not expected to change. MISCELLANEOUS ITEMS

8 Finance, Personnel, and Operations Minutes of May 18, 2017 Page 5 ITEM J. OLD BUSINESS/NEW BUSINESS Date of Next Meeting: Thursday, June 22, 2017, 4:00 P.M., M210 ADJOURNMENT The meeting adjourned at 5:18 p.m. Respectfully submitted, ` v{xäx `A VÉÇÜÉç Executive Assistant to the Provost

9 Attachment FPO - 2 BOARD BILLS LIST The following bills are to be presented for approval at the meeting of the Milwaukee Area Technical College District Board, State of Wisconsin, to be held on Check No. Company For Amount BILLS PAYABLE RECAPITULATION Month of May 2017 Payments for encumbrances and monthly expenditures were made for the following funds: General Fund 6,986, Special Revenue Fund-Operational 153, Special Revenue Fund-Non Aidable 144, Enterprise Fund 137, Capital Projects Fund 2,121, Debt Service Fund 52, Internal Service Fund 3,445, Public Television Fund 371, Total Expenditures $ 13,412,798 Secretary Chair Page 1

10 BOARD BILLS LIST The following bills are to be presented for approval at the meeting of the Milwaukee Area Technical College District Board, State of Wisconsin, to be held on Bank Transfer Payments May 2017 Delta Dental Insurance Claims $ 111, We-energies $ 526, UMR Health Insurance Claims $ 2,449, Bank Service Charges $ Merchant Service Credit Card Fees $ 13, Wisconsin Retirement System $ 1,321, OPEB Trust Transfers $ 50, Federal Payroll Tax $ 3,414, State Payroll Tax $ 754, State, County, and Stadium Sales Tax $ 9, Debt Service Fund Wire Payments May-17 General Obligation Debt Series Interest Principal None Page 2

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39 Attachment FPO - 3 MILWAUKEE AREA TECHNICAL COLLEGE DEPOSITS AND INVESTMENTS FOR THE MONTH OF MAY 2017 ALLOCATION RATE OF AMOUNT % RETURN BMO HARRIS BANK 945, % 0.01%. J P MORGAN CHASE BANK ACCOUNTS 115,545, % 0.30% WISCONSIN LOCAL GOVERNMENT INVESTMENT POO 19, % 0.12% 116,509, %

40 CASHFLOW ALL FUNDS Fiscal Year 2017 Millions FY15 16 ACTUAL FY16 17 PROJECTED FY16 17 ACTUAL

41 SHEET-ALL FY15-16 FY16-17 FY16-17 ACTUAL PROJECTED ACTUAL JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER JANUARY FEBRUARY MARCH APRIL MAY JUNE Page 1

42 CASHFLOW -- OPERATING FUNDS Fiscal Year Millions FY15-16 ACTUAL FY16-17 PROJECTED FY16-17 ACTUAL

43 SHEET-OP FUNDS FY15-16 FY16-17 FY16-17 ACTUAL PROJECTED ACTUAL JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER JANUARY FEBRUARY MARCH APRIL MAY JUNE Page 1

44 CASHFLOW -- CAPITAL PROJECTS FUND Fiscal Year Millions FY15-16 ACTUAL FY16-17 PROJECTED FY16-17 ACTUAL

45 SHEET-CAP FUNDS FY15-16 FY16-17 FY16-17 ACTUAL PROJECTED ACTUAL JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER JANUARY FEBRUARY MARCH APRIL MAY JUNE Page 1

46 CASHFLOW -- DEBT SERVICE FUND Fiscal Year Axis Title FY15-16 ACTUAL FY16-17 PROJECTED FY16-17 ACTUAL

47 SHEET-DEBT SERV FY15-16 FY16-17 FY16-17 ACTUAL PROJECTED ACTUAL JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER JANUARY FEBRUARY MARCH APRIL MAY JUNE Page 1

48 Attachment FPO - 4 matc HUMAN RESOURCES REPORT June transactions are included in the report for June. Appointments 19 appointments occurred during the reporting period, six of which are faculty appointments and thirteen are staff appointments. The faculty appointments are four part-time regular, one full-time regular and one part-time limited term position. Included in the staff appointments are six part-time regular, three full-time regular, two full-time specially funded and two part-time limited term positions. Nine females and ten males comprise the appointments. Represented in that total are three black females, two black males, one Asian female and one Asian male. Fiscal year-to-date, total appointments are 241. Included in that total are 112 males (46.5%) and 129 females (53.5%). Minority hires total 97 (40.2%), including 60 black (24.9%). White Black Hispanic Asian Native American Total Male Femal Male Female Male Female Male Female Male Female Male Female e This Month Year-to-date YTD Percent 58.1% 24.9% 7.5% 7.5% 0.0% 46.5% 53.5% 2 or More Races Other Male Female Male Female % 1.2% Changes in Status The 17 changes in status during this reporting period represent nine promotions, two acting, five extension of assignments and one transfer position. Eight females and nine males comprise the changes in status. Included in that total are one black female, two black males and one Hispanic female.

49 Separations The 15 separations represent three retirements, ten resignations, one death and one end of assignment. Ten females and five males comprise the separations. Included in that total are one black female, one Asian female and one Hispanic female.

50 TRANSACTION SUMMARY REPORT FOR June 2017 DIVISION OR SCHOOL APPOINTMENTS CHANGES IN STATUS SEPARATIONS **AA TOTAL BUSINESS 0 1 3(1) 4(1) HEALTH SCIENCES 2 1(1) 0 3(1) LIBERAL ARTS & SCIENCES 3(1) 1 1 5(1) MEDIA & CREATIVE ARTS PRE-COLLEGE 0 0 1(1) 1(1) TECHNOLGY & APPLIED 4 5(1) 4 13(1) SCIENCES ACADEMIC SERVICES 1(1) 0 0 1(1) DISTRICT ADMINISTRATION EMPLOYEE AND LEGAL 2(2) 2(1) 1 5(3) SERVICES FINANCE 3 3(1) 1 7(1) INFORMATION TECHNOLOGY 1(1) 0 0 1(1) PUBLIC TELEVISION STUDENT SERVICES 3(2) 2 4(1) 9(3) WORKFORCE & ECONOMIC DEVELOPMENT TOTALS BY CATEGORY 19(7) 17(4) 15(3) 51(14) TOTAL TRANSACTIONS FOR THE MONTH 51(14) **Affirmative Action totals in parentheses.

51 Non-represented Salary Schedule Effective January 1, 2017 Exempt Salary Grade Title Minimum Mid-Point Maximum 917 Vice President $ 135,434 $ 174,638 $ 213, Associate Vice President, Dean $ 94,223 $ 127,419 $ 160, Associate Dean, Director $ 83,466 $ 113,181 $ 142, Assistant Dean, Manager $ 67,061 $ 90,935 $ 114, Coordinator $ 58,981 $ 79,977 $ 100, Senior Specialist, Supervisor $ 48,723 $ 66,069 $ 83, Specialist $ 43,595 $ 59,112 $ 74,629 Non-Exempt Salary Grade Title Minimum Mid-Point Maximum 904 Senior Technician $ 46,322 $ 62,815 $ 79, Administrative Specialist $ 40,281 $ 54,619 $ 68, Assistant $ 35,025 $ 47,494 $ 59, Aide $ 25,364 $ 34,393 $ 43,422

52 Division or School Employee Name Employee Status Job Title Human Resources Report June 2017 Appointments Type of Transaction Start Date End Date Salary Education Business None Health Sciences Watson, Derek Part-Time Regular Instructor, Nursing New 08/24/17 $54,057/Annual M.A. - Indiana State York, Karen Full-Time Regular Instructor, Nursing New 08/24/17 $54,057/Annual M.A. - Concordia University Liberal Arts & Sciences Klingler, Rebekah Part-Time Regular Educational Assistant Replacement 06/19/17 $25.76/Hour PhD - Colorado State Loredo, Carren Part-Time Regular Instructor, Anatomy New 08/24/17 $27.45/Hour M.A. - University of Nebraska Kearne Wineinger, Brent Part-Time Regular Instructor, Anatomy & Physiology New 06/12/17 $27.45/Hour M.A. - Vanderbilt University Media & Creative Arts Pre-College None None Technology & Applied Batien, Kristi Part-Time Regular Educational Assistant New 05/30/17 $22.27/Hour A.A. - MATC Sciences Herro, Steven Full-time Specially Funded Manager, Transportation New 7/3/ /03/22 $100,000/Annual M.A. - Edgewood College Noll, William Part-Time Regular Instructor, Electricity New 08/24/17 $27.45/Hour A.A. Wilson, Craig Part-Time LTE Instructor (PT SUB) Temporary 05/08/17 06/30/17 B.A. - Valdosta State University Academic Services Baylor, Aza Full-Time Specially Funded Coordinator Replacement 06/05/17 09/30/17 $67,000/Annual PhD - UW-Milwaukee District Administration None Employee & Legal Services Landon, Artis Part-Time Regular Public Safety Specialist Replacement 06/22/17 $23.98/Hour B.A. - Springfield College Vang, Porchoua Part-Time Regular Public Safety Specialist Replacement 06/22/17 $23.98/Hour B.A. - UW-Milwaukee Finance Kuss, Valerie Full-Time Regular Child Development Specialist Replacement 06/19/17 $20.72/Hour B.A. - UW-Whitewater Roberts, Lisa Full-Time Regular Child Development Specialist Replacement 07/31/17 $20.72/Hour B.A. - UW-Stevens Point Schwager, Gerald Part-Time Regular Office Associate (Seasonal) Replacement 08/01/17 $16.09/Hour HSD Information Technology Madison, Jeffery Full-Time Regular Manager, Information Security New 05/30/17 $85,000/Annual PhD - Northcentral University Public Television None Student Services Booker, Angie Part-Time LTE Tutor Temporary 06/12/17 06/30/18 $14.00/Hour A.A. Genovesi, Gabriel Part-Time Regular Assistant Coach Women's Soccer (Seasonal) Replacement 07/01/17 $4,000/Annual Lucas, Carol Part-Time LTE Tutor Temporary 06/12/17 06/30/18 $14.00/Hour A.A. Workforce & Economic Development None

53 Human Resources Report June 2017 Changes In Status Division or School Employee Name Personnel Action Job Title Type of Transaction Start Date End Date Salary Business Miller, Martha Extension of LTE Word Processing Technician New 05/22/17 12/31/18 $21.51/Hour Health Sciences Little, Lantha Promotion Associate Dean Replacement 07/05/17 $96,900/Annual Liberal Arts & Sciences Imperiale, Joseph Extension of LTE Instructor, English Temporary 08/24/17 12/22/17 $80,670/Annual Media & Creative Arts Ghalib, Shireen Promotion Educational Assistant Replacement 07/10/17 $25.76/Hour Pre-College None Technology & Applied Sciences Elertson, Matthew Promotion Instructor, Electricity New 08/24/17 $70,023/Annual Kern, Tyre Extension of LTE Instructor, Welding Temporary 08/24/17 12/22/17 $62.52/Hour Lockett, Gordon Extension of LTE Instructor, Welding Temporary 08/24/17 12/22/17 $64.89/Hour Ogren, Erik Promotion Instructor, Steamfitting New 08/24/17 $70,023/Annual Spangenberg, Mark Extension of LTE Instructor, Emergency Medical Services Temporary 08/24/17 12/22/17 $62.52/Hour Academic Services None District Administration Hollow, Jeffrey Promotion Vice President, Finance Replacement 07/01/17 $170,000/Annual Employee & Legal Services Kaesermann, Kathryn Acting Appointment Acting Director, Public Relations Temporary 06/05/17 $86,000/Annual Kernan, Donald Promotion Lieutenant, Public Safety Replacement 06/19/17 $70,000/Annual Finance Magestro, Jeremy Promotion Food & Beverage Services Supervisor Replacement 06/19/17 $52,000/Annual Vargas, Martha Promotion Word Processing/Key Technician Replacement 06/05/17 $20.40/Hour Verhaeghe, Neil Transfer Stores Specialist Replacement 05/22/17 $20.74/Hour Information Technology Public Television None None Student Services Dunkelberger, Roxanne Promotion Student Service Specialist Replacement 07/01/17 $30.87/Hour Kohel, Laurie Acting Appointment Acting Director, Counseling Advising and Career Services Temporary 03/20/17 $94,000/Annual Workforce & Economic Development None

54 Division or School Employee Name Ending Reason Job Title Human Resources Report June 2017 Separations Effective Date Business Ajibola, Abbie Resignation Instructor, Barber/Cosmetology 05/17/17 Hanson, Liane Retirement Transcription Technician 06/30/17 Miller, Mark Resignation Instructor, IT Networking 05/29/17 Health Sciences None Liberal Arts & Sciences O'Brien, Ellen Resignation Instructor, English 06/02/17 Media & Creative Arts None Pre-College Vasquez, Vanessa M. Resignation Coordinator 06/23/17 Technology & Applied Sciences Gutknecht, Roland Resignation Instructor, Renewable Energy 04/18/17 Marinkovich, Dragomir Resignation Associate Dean 06/14/17 Porter, Kevin Resignation Instructor, Police Technology 05/10/17 Taczala, Lyn Resignation Instructor, EMS 06/10/17 Academic Services District Administration None None Employee & Legal Services Hohl, Kathleen Resignation Director, Public Relations 06/02/17 Finance Roehsner, Vicki Resignation Child Development Specialist 07/28/17 Information Technology Public Television None None Student Services Esche. Linda Retirement Office Tech Class Scheduling 08/11/17 Kurth, Robert Retirement Guidance Counselor 06/30/17 Rath, Maria Death Student Service Specialist 06/04/17 Schmidt, Jennifer End of Assignment Student Service Specialist 06/30/17 Workforce & Economic Development None

55 The Procurement report consists of: Part I External Contracts Part II Procurements Part III Contracts for Services Part IV Construction Contracts Part V Lease Agreements Attachment FPO 5 PROCUREMENT REPORT JUNE 2017 Each month, the Board approves contracts, procurements and services related to the operation of the College. The current items for Board approval are: I. External Contracts None II. Procurements 1. I.T. Instructional/Administrative Microcomputer Systems, Printers, Network, Hardware & System Software See Background Information Sheet for Detail $5,000, Fire Alarm Panel and Monitoring Devices Upgrade North Campus Honeywell Building Solutions Oak Creek, WI $228, Furniture, Carpeting and Miscellaneous Furnishings See Background Information Sheet for Detail $2,000, (Estimate actual will be based on budgetary funds and project needs) 4. Milwaukee PBS Sole Source Media Providers See Background Information Sheet for Detail $3,015, Milwaukee PBS FY2018 Independent Television Production Contracts See Background Information Sheet for Detail $135, III. IV. Contracts for Services None Construction Contracts None V. Lease Agreements None

56 Part II: Item 1: PROCUREMENTS I.T. INSTRUCTIONAL/ADMINISTRATIVE MICROCOMPUTER SYSTEMS, PRINTERS, NETWORK, HARDWARE & SYSTEM SOFTWARE Background Information As part of the Capital Equipment Plan to upgrade equipment throughout the district, each instructional division, administrative division and Information Technology prepares a list of proposed computer and printer acquisitions as part of their fiscal year equipment budgets. Approximately desktop, laptops, multimedia devices and file server computer systems have been proposed for acquisition. Displaced equipment will be used to upgrade other areas within MATC with the oldest early technology systems being disposed of. Information Technology is also engaged in a multi year project to continue the expansion and upgrade of the district computer network to classrooms, faculty offices and staff offices. This will provide the appropriate infrastructure to support the continued expansion of the network while allowing for new and emerging technologies to become functional on the network. These acquisitions are part of the total MATC capital equipment budget for FY2018 presented to the Board for approval. The proposed equipment would be purchased under State of Wisconsin Statutes (s16.73) which allows for cooperative purchasing from suppliers by qualified entities. Equipment required with associated referencing document will be as follows: Hewlett Packard, IBM, Dell and Toshiba computers and printers will be purchased from Paragon Development Systems, Oconomowoc, WI referencing State Contract # , # and/or Dell Computers, Roundrock, TX referencing State contract # and UW System contract # and/or Vanguard Computers, Inc., Brookfield, WI referencing State Contract # , and/or AE Business Solutions, Madison, WI referencing UW System Contract #MD Oracle software and services will be purchased from Oracle Corporation, Blemont, CA referencing Wisconsin Technical College System Consortium agreement and UW System Contract # Hewlett Packard servers, systems/backup software, storage, support and services and Hitachi storage will be purchased from AE Business Solutions, Madison, WI referencing UW System contract # , , MD , State Contract # and DOA Contract # , and/or Paragon Development Systems, Oconomowoc, WI referencing State Contracts , and/or CDW, Inc, Vernon Hills, IL referencing State Contract # and NJPA contract CDW. IDM and Linux system software and services will be purchased from Concensus Consulting, Crandberry Twp, PA and/or Paragon Development Systems, Oconomowoc, WI; referencing State Contracts , Business Objects software and implementation / project management services will be purchased from AE Business Solutions, Madison, WI referencing State Contract numbers and and/or SAP America and/or Fujitsu Consulting Inc. Milwaukee, WI referencing State DOA contracts, and Procurement Report June 2017 Page 2 of 10

57 ImageNow software and implementation / project management services will be purchased from Perceptive Software, Shawnee, KS referencing UW contract # Broadband / Internet Services will be purchased from WiscNet, Madison, WI referencing UW contract # and/or Time Warner Business Systems (Spectrum Communications), Milwaukee, WI and/or ATT, Waukesha, WI referencing UW contract # and Sun file servers will be purchased from Sun Microsystems, Waukesha, WI referencing UW System contract # EDV and/or AE Business Solutions, Madison, WI referencing State Contract # 0308 BIS SB, A & B. Cisco network & video hardware, software and services will be purchased from Cisco Systems, Des Plaines, IL referencing State Contracts # , and/or CDW Inc, Vernon Hills, IL referencing State Contract # and NJPA contract CDW and/or Presidio, Inc, Waukesha, WI referencing State Contract # , NJPA contract , UW Contract 505ENT M16 DATACOMMUN 01and/or PDS, Inc., Oconomowoc, WI referencing State Contract # X. Networking and Security Solutions and consulting will be purchased from CDW Inc, Vernon Hills, IL referencing State Contract # and NJPA contract CDW and/or Dell/SecureWorks, Chicago, IL referencing the MHEC (Midwest Higher Education Commission) contract MHEC , State Contract O014 ITSECCONSL 00 and/or AE Business Solutions, Madison, WI referencing State Contract X, , , , MD Microsoft and other software packages and/or licenses will be purchased from CDW, Vernon Hills, IL referencing the WTCS Information & Telecommunication Systems Consortium Contract, and/or Insight Public Sector, Inc. referencing State Contract #505ENT M 16 VARSOFTWARE 02. Fiber Optic Network Equipment & Services will be purchased from Midwest Fiber Networks, Glendale, WI referencing State Contract # EX and UW System Contract # WAN / Intercampus elan Transport Services will be purchased from Spectrum Enterprise (Charter / Time Warner Communications), Milwaukee, WI referencing State DOA Contract # and UW System Contract # VMware software and/or licenses will be purchased from AE Business Solutions., Madison, WI referencing UW System Contract # , , MD and/or PDS, Inc., Oconomowoc, WI referencing State Contract # X, and/or CDW, Vernon Hills, IL referencing the NJPA contract #CDW. Blackboard Learning Management Systems and Blackboard Campus Card hardware, software and services will be purchased from Blackboard Systems, Inc. Washington D.C., and/or Blackboard Transaction, Inc. Phoenix, AZ, referencing the MHEC (Midwest Higher Education Consortium) contract and UW System Contract # Network backup / Archive hardware and software will be purchased from AE Business Solutions, Madison, WI referencing UW System Contract # , MD and/or PDS, Inc., Procurement Report June 2017 Page 3 of 10

58 Oconomowoc, WI referencing State Contract # X, , and/or Media Distributors, Elmhurst, IL and/or Messaging Architects, Inc. Champlain, NY referencing State Contract # Emergency Notification Systems will be purchased from Rave Wireless, Inc, Farmingham, PA referencing WTCS Purchasing Consortium Contract. Apple computers will be purchased from Apple Computer, Inc., Austin, TX referencing the Collegiate Partnership Program (CPP) offered to all higher education institutions and/or Vanguard Computers, Inc., Brookfield, WI. Positive action by the Board will result in the issuance of purchase orders to any or all of these companies. Actual expenditures to respective suppliers could vary depending on changing requirements, and additional suppliers may be added as new State of Wisconsin, UW system, and WTCS IT Consortium contracts are awarded. However, total expenditures will not exceed the proposed IT capital budget allocation currently set at $5,000, AE Business Solutions Apple Computer, Inc AT&T Blackboard Learning Systems, Inc Blackboard Transact, Inc CDW, Inc Cisco Systems, Inc Dell Computers, Inc Dell/Secureworks Fujitsu Consulting, Inc Insight Public Sector, Inc. Media Distributors Messaging Architects Midwest Fiber Networks Oracle Corp Paragon Development Systems (PDS) Perceptive Software Presidio, Inc Rave Wireless SAP America Spectrum Enterprise Time Warner Business Vanguard Computers, Inc UW Madison / Wiscnet Madison, WI Austin, TX Brookfield, WI Washington, DC Washington, DC Vernon Hills, IL Des Plains, IL Roundrock, TX Chicago, IL Milwaukee, WI Bloomingdale, IL Elmhurst, IL Champlain, NY Glendale, WI Belmont, CA Oconomowoc, WI Shawnee, KS Waukesha, WI Farmingham, MA Newton Square, PA Milwaukee, WI Milwaukee, WI Wauwatosa, WI Madison, WI Information Technology will purchase hardware, software and services from the following vendors, based on existing multi year MATC RFP / Bids that were awarded to the following vendors: AllCon Construction Ellucian, Inc NorthWest Communications Butler, WI Fairfax, VA Milwaukee, WI Procurement Report June 2017 Page 4 of 10

59 In addition, Information Technology has standard vendors for hardware, software and services which may not be currently covered by an existing state contract. Pursuant to MATC purchasing requirements, we may purchase items under the $50,000 limit and/or upon successful bid, RFP or proof of Sole Source agreements. AV Design Group CollegeNet, Inc Concensus Consulting Eduserve, Inc Eaton Corp Fabco, Inc Graybar Electrical, Inc Google, Inc Idera Software MalwareBytes, Inc Oberon Paperthin, Inc Robert Half and Associates SHI International Solarwinds.Net, Inc TeamDynamix Virtru Corp Verisign, Inc Unknown at this time: Ellucian, Inc. (Datatel) Thiensville, WI Portland, OR Cranberry Twp, PA New Lenox, IL Raleigh, NC Milwaukee, WI West Allis, WI Mountain View, CA Austin, TX San Jose, CA State College, PA Quincy, MA Milwaukee, WI Somerset, NJ Austin, TX Columbus, OH Washington, DC Mountain View, CA Fairfax, VA Procurement Report June 2017 Page 5 of 10

60 Part II: Item 2: PROCUREMENTS FIRE ALARM PANEL AND MONITORING DEVICES UPGRADE NORTH CAMPUS Background Information Milwaukee Area Technical College Facilities Operations is requesting the upgrade of obsolete FS 90 Fire Alarm Panels and fire alarm monitoring devices. The upgrade affects the communication of our fire alarms, fire suppression system monitoring, door security and controls at the North Campus which has recently suffered communication breakdowns between the alarms and MATC s system due to the age of the existing system. An upgraded system was installed at the Education Center at the Walker Square location and has worked extremely well. When this upgrade is complete, the North Campus will be functioning using current Fire Alarm Panel and device technology. This purchase will be made under the guidelines of GSA Purchasing Cooperative Contract Number GS 07F 0063H, which meets all state of Wisconsin Procurement requirements. Positive action by the MATC Board will result in a purchase from Honeywell Building Solutions of Oak Creek, WI for the cost of $228, Procurement Report June 2017 Page 6 of 10

61 Part II: Item 3: PROCUREMENTS FURNITURE, CARPETING AND MISCELLANEOUS FURNISHINGS Background Information The Construction Services Department outlines the requirements for furniture purchases for classroom and office needs. These are based upon project scopes, budget and college guidelines for standardization of furniture. In addition they provide carpeting for new construction and remodeling as well as miscellaneous furnishings. These commodities are purchased utilizing a number of sources that have been approved by the WTCS State office. The contracts that we purchase off of are competitively bid and awarded. Our FY2018 estimated budget is approximately $2,000,000. These expenditures will be made from one of the following sources: E & I Cooperative State Contract Other Co Op contracts as approved by the WTCS State office All purchases are done in lots and are approved by the Construction Services Department prior to any purchase order being issued. Approval from the Board will allow for these purchases to be made from the sources indicated above for FY2018. Procurement Report June 2017 Page 7 of 10

62 Part II: Item 4: PROCUREMENTS MILWAUKEE PBS SOLE SOURCE MEDIA PROVIDERS Background Information During FY2018, Milwaukee PBS will be acquiring various programming rights and media services from many different and varied sources. Due to copyright laws, most programs must be obtained from holders of said copyrights and as such would be classified as Sole Source procurements. These providers are, but may not be limited to: American Public Television $140,000 (estimate) After PBS, this is our second largest supplier of programming, including Create, World, Premium Service and Exchange. Some of the programs on our schedule that come to us from APT include documentaries, movie packages, and travel shows. BBC Worldwide Americas $100,000 (estimate) Major syndicator of British programming with the emphasis on comedies and dramas. A.C. Nielsen Company $101,000 (per contract) Nielsen provides Milwaukee PBS with viewership numbers and audience research used in program acquisition, scheduling and underwriting. Public Broadcasting Service $2,150,000 (estimate projected increase, pending PBS Board action) This covers fees associated with the National Program Service ( signature public television series ), pledge fundraising programs that are specifically produced for membership drives, PBS Plus, specialty programming such as AUSTIN CITY LIMITS, THIS OLD HOUSE, CHARLIE ROSE, administrative, promotion, copyright, engineering and distribution fees. Executive Program Service $90,000 Syndication of program material generally in the entertainment and documentary field, past acquisitions included: SHERLOCK HOLMES, RED GREEN SHOW, and INSPECTOR MORSE. Trac Media $16,250 Audience research for Public Television. The Association of Public Television Stations $43,600 Our national advocacy organization, which also undertakes planning and research projects. National Educational Television Association $14,938 The national association that provides most of the public television system s professional development service and also gives us low cost access to distribute our local programming to other stations on NETA s satellite uplink. RJL Entertainment (Acorn) $20,000 (estimate) Newer syndicator for public television pledge and general audience programming including mysteries, drama, and high profile specials. DOC MARTIN, AGATHA CHRISTIE S POIROT and FOYLE S WAR are examples of these programs. Procurement Report June 2017 Page 8 of 10

63 Public Television Major Market Group $9,000 (estimate) A consortium of 30 stations that represents the large market stations in policy debates within the public television system and looks for entrepreneurial opportunities utilizing new technologies that are available primarily to larger market stations including Milwaukee PBS. Various Independent Distributors and Syndicators $80,000 There are a number of independent acquisitions that are made through the programming department throughout the fiscal year. This past year, such programs acquired included LAWRENCE WELK, WISCONSIN FOODIE, and MARKET TO MARKET. Blackbaud $125,000 (estimate) Milwaukee PBS donor database management of 184,000 accounts, statistical reporting, analytic tools (donorcentrics reports) and recording of all individual, corporate and foundation contributions, and online e marketing and fundraising tools the latter of which yields over $500,000 in revenues per year. DMW Worldwide $120,000 (estimate) Sustaining Partner Conversion Program and Donor Benefits Administration Conversion campaigns to convert Milwaukee PBS donors from annual donors to ongoing, monthly donors, yielding more $$ annually. Campaigns done with DMW helped to grow this segment of donors significantly each year. DMW also provides a proprietary newsletter, the Milwaukee PBS Member Insider as a benefit to donors. This benefit along with the Sustainer Conversion campaigns raise at least $275,000 a year for Milwaukee PBS. TracMedia $5,500 (estimate) Audience research and analytics for Pledge Drive campaigns to maximize scheduling and $$ raised. ACTION Positive action by the Committees and the Board will result in purchase orders issued to the above Sole Source media providers in the amount of $3,015,288 for FY2018. Procurement Report June 2017 Page 9 of 10

64 Part II: Item 5: PROCUREMENTS MILWAUKEE PBS FY2018 INDEPENDENT TELEVISION PRODUCTION CONTRACTS Background Information Independently contracted television production staff services are hired on an annual contract basis. The college s purchasing department, in cooperation with the television station General Manager, prepares these contracts. Over a multi year period, such vendors have or may receive compensation that exceeds $50,000. The total FY2018 compensation for services is not anticipated at this time to exceed the amounts below. Issuance of Independent Television Production Contracts with the below individuals is contingent on the Board s final approval and passage of a FY2018 budget, and Milwaukee PBS final approval of below indicated projects. NAME/ASSIGNMENT AND PROGRAM FY2018 Dan Small $22,000 Producer/Host OUTDOOR WISCONSIN Planning, appearance, and emceeing the OUTDOOR WISCONSIN Banquet and additional promotional appearances $10,000 Partially funded by Production Underwriting Debra Wisniewski $5,000 Closed captioning for locally produced Milwaukee PBS productions as per FCC mandate Susan Rascon $2,600 Spanish/English Translation for ADELANTE Partially funded by Production Underwriting John McGivern $82,500 Host/co producer for AROUND THE CORNER WITH JOHN McGIVERN Partially funded by Production Underwriting John McGivern plus approx. five appearances on Milwaukee PBS 10thirtysix each. John Gurda $21,000 Segment research / appearances on AROUND THE CORNER WITH JOHN McGIVERN Partially funded by Production Underwriting ACTION Positive action by the Committees and the Board will result in purchase orders issued to the above Sole Source media providers in the amount of $135,600 for FY2018. Procurement Report June 2017 Page 10 of 10

65 Attachment FPO - 06 $1,500, Milwaukee Area Technical College District, Wisconsin General Obligation Promissory Notes, Series A RESOLUTION AUTHORIZING THE SALE OF $1,500, GENERAL OBLIGATION PROMISSORY NOTES, SERIES A WHEREAS, pursuant to Section 67.12(12) of the Wisconsin Statutes, as amended (the Act ), the Milwaukee Area Technical College District, Wisconsin (the District ), is authorized to issue notes of the District in the aggregate amount of $1,500, for the public purpose of financing building remodeling and improvement projects, consisting of projects included in the District's building remodeling and improvement program (the public purpose projects described above are hereafter referred to as the Public Purposes ); and WHEREAS, on May 23, 2017, the District authorized the issuance of $1,500, General Obligation Promissory Notes, Series A (the Notes ) for the Public Purposes; and WHEREAS, the District has prepared and distributed a Preliminary Official Statement, dated June, 2017 (the Preliminary Official Statement ), describing the Notes and the security therefor; and WHEREAS, the District has examined proposed documentation for the Notes (collectively, the Note Documents ), as follows: (a) an Official Notice of Sale issued by the District and a Parity Bid Form (the Note Purchase Agreement ) to be entered into between the District and the Underwriter, providing for the sale of the Notes; and (b) the Preliminary Official Statement. WHEREAS, it is now expedient and necessary for the District to issue its general obligation promissory notes in the amount of $1,500, for the Public Purposes; NOW, THEREFORE, the District hereby resolves as follows: Section 1. Definitions. The following terms shall have the following meanings in this Resolution unless the text expressly or by implication requires otherwise: Act shall mean Section 67.12(12) of the Wisconsin Statutes; Code shall mean the Internal Revenue Code of 1986, as amended;

66 Continuing Disclosure Agreement shall mean the Continuing Disclosure Agreement, executed and delivered by the Issuer, dated July 10, 2017 (the Continuing Disclosure Agreement ), delivered by the District for the purpose of complying with the requirements of Rule 15c2-12 promulgated by the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended; Dated Date shall mean July 10, 2017; Debt Service Fund shall mean the Debt Service Fund of the District, which shall be the special redemption fund as such term is defined in the Act; District shall mean the Milwaukee Area Technical College District, Wisconsin; Fiscal Agent shall mean the Treasurer of the District; Governing Body shall mean the Board of the District, or such other body as may hereafter be the chief legislative body of the District; Initial Resolution shall mean the Resolution Authorizing the Issuance of $1,500, General Obligation Promissory Notes, Series A of Milwaukee Area Technical College District, Wisconsin, adopted by the Governing Body on May 23, 2017; Note Registrar means the Secretary of the District; Notes shall mean the $1,500, General Obligation Promissory Notes, Series A, of the District; Public Purposes shall mean the public purpose of financing $1,500, of building remodeling and improvement projects, consisting of projects included in the District's building remodeling and improvement program; Purchase Price shall mean $ ($1,500, par amount of Notes, plus premium of $, less underwriter's discount of $ ); Record Date shall mean the close of business on the fifteenth day of the calendar month next preceding any principal or interest payment date; Securities Depository means The Depository Trust Company, New York, New York, or its nominee; and Underwriter means. Section 2. Authorization of the Notes. For the purpose of financing the Public Purposes, there shall be borrowed on the full faith and credit of the District the sum of $1,500,000.00; and fully registered general obligation promissory notes of the District are authorized to be issued in evidence thereof. 2

67 Section 3. Sale of the Notes. To evidence such indebtedness, (i) the Chairperson or the Vice Chairperson and (ii) the Secretary of the District are hereby authorized, empowered and directed to make, execute, issue and sell to the Underwriter for, on behalf of and in the name of the District, general obligation promissory notes in the aggregate principal amount of One Million Five Hundred Thousand Dollars ($1,500,000.00) for the Purchase Price, plus accrued interest to the date of delivery. Section 4. Terms of the Notes. The Notes shall be designated General Obligation Promissory Notes, Series A ; shall be dated the Dated Date; shall be numbered one and upward; shall bear interest as shown on the Maturity Schedule below; shall be issued in denominations of $5,000 or any integral multiple thereof; and shall mature on the dates and in the amounts as set forth below. Interest on the Notes shall accrue from the Interest Accrual Date and shall be payable semi-annually on June 1 and December 1 of each year, commencing on. MATURITY SCHEDULE Maturity Date Principal Amount Interest Rate June 1, 2019 $350,000 June 1, 2020 $500,000 June 1, 2021 $500,000 June 1, 2022 $150,000 The Notes of this issue shall not be subject to call and payment prior to maturity. Section 5. Form, Execution, Registration and Payment of the Notes. The Notes shall be issued as registered obligations in substantially the form attached hereto as Exhibit A and incorporated herein by this reference. The Notes shall be executed in the name of the District by the manual signatures of (i) the Chairperson or the Vice Chairperson and (ii) the Secretary, and may be sealed with its official or corporate seal, if any. The principal of, premium, if any, and interest on the Notes shall be paid by the Fiscal Agent. Both the principal of and interest on the Notes shall be payable in lawful money of the United States of America by the Fiscal Agent. Payment of principal of the final maturity on the Notes will be payable upon presentation and surrender of the Notes to the Fiscal Agent. Payment of principal on the Notes (except the final maturity) and each installment of interest shall be made to the registered owner of each Note who shall appear on the registration books of the District, maintained by the Note Registrar, on the Record Date and shall be paid by check or draft of the Fiscal Agent and mailed to such registered owner at 3

68 the address appearing on such registration books or at such other address may be furnished in writing to such registered owner to the Note Registrar. Section 6. Note Proceeds. The sale proceeds of the Notes (exclusive of accrued interest, printing distribution and filing fees, and any premium received) shall, forthwith upon receipt, be placed in and kept by the District Treasurer as a separate fund to be known as the Promissory Notes, Series A, Borrowed Money Fund (hereinafter referred to as the Borrowed Money Fund ). Moneys in the Borrowed Money Fund shall be used solely for the purposes for which borrowed or for transfer to the Debt Service Fund as provided by law. Section 7. Tax Levy. In order to provide for the collection of a direct annual tax sufficient in amount to pay and for the express purpose of paying the interest on the Notes as it falls due and also to pay and discharge the principal thereof at maturity, there is hereby levied upon all of the taxable property in the District, in addition to all other taxes, a nonrepealable, direct, annual tax in an amount sufficient for that purpose. This tax shall be from year to year carried into the tax roll of the District and collected in addition to all other taxes and in the same manner and at the same time. Said tax is to be for the following years and in the following minimum amounts: Year of Levy Amount of Tax 2016 $ 2017 $ 2018 $ 2019 $ 2020 $ 2021 $ The District shall be and continue without power to repeal such levy or obstruct the collection of said tax until all such payments have been made or provided for. After the issuance of the Notes, said tax shall be carried into the tax rolls of the District and collected as other taxes are collected, provided that the amount of tax carried into said tax rolls with respect to the Notes may be reduced by the amount of any surplus money in the Debt Service Fund created pursuant to Section 8 below. If there shall be insufficient funds from the tax levy to pay the principal of or interest on the Notes when due, the said principal or interest shall be paid from other funds of the District on hand, said amounts to be returned when said taxes have been collected. There be and there hereby is appropriated from taxes levied by the District in anticipation of the issuance of the Notes and other funds of the District on hand a sum sufficient to be deposited in the Debt Service Fund to meet payments with respect to debt service due for the year. Section 8. Debt Service Fund. Within the debt service fund previously established within the treasury of the District, there be and there hereby is established a separate and 4

69 distinct fund designated as the Debt Service Fund for $1,500, General Obligation Promissory Notes, Series A, dated July 10, 2017 (the Debt Service Fund ), and such fund shall be maintained until the indebtedness evidenced by the Notes is fully paid or otherwise extinguished. The District Treasurer shall deposit in such Debt Service Fund (i) all accrued interest received by the District at the time of delivery of and payment for the Notes; (ii) the taxes herein levied for the specific purpose of meeting principal of and interest on the Notes when due; (iii) such other sums as may be necessary at any time to pay principal of and interest on the Notes when due; (iv) any premium which may be received by the District above the par value of the Notes and accrued interest thereon; (v) surplus moneys in the Borrowed Money Fund for the Notes; and (vi) such further deposits as may be required by Section of the Wisconsin Statutes. No money shall be withdrawn from the Debt Service Fund and appropriated for any purpose other than the payment of principal of and interest on the Notes until all such principal and interest has been paid in full and canceled; provided (i) the funds to provide for each payment of principal of and interest on the Notes prior to the scheduled receipt of taxes from the next succeeding tax collection may be invested in direct obligations of the United States of America maturing in time to make such payments when they are due or in other investments permitted by law; and (ii) any funds over and above the amount of such principal and interest payments on the Notes may be used to reduce the next succeeding tax levy, or may, at the option of the District, be invested by purchasing the Notes as permitted by and subject to Section 67.11(2)(a) of the Wisconsin Statutes in interestbearing obligations of the United States of America, in other obligations of the District or in other investments permitted by law, which investments shall continue as a part of the Debt Service Fund. When all of the Notes have been paid in full and canceled, and all permitted investments disposed of, any money remaining in the Debt Service Fund shall be deposited in the general fund of the District, unless the District Board directs otherwise. Section 9. Deposits and Investments. The Debt Service Fund shall be kept apart from moneys in the other funds and accounts of the District and the same shall be used for no purpose other than the prompt payment of principal of and interest on the Notes as the same becomes due and payable. All moneys therein shall be deposited in special and segregated accounts in a public depository selected under Chapter 34 of the Wisconsin Statutes and may be temporarily invested until needed in legal investments subject to the provisions of Sections (1m) and 67.10(3) of the Wisconsin Statutes. All income derived from such investments shall be regarded as revenues of the District. No such investment shall be in such a manner as would cause the Notes to be arbitrage bonds within the meaning of Section 148 of the Code or the Regulations of the Commissioner of Internal Revenue thereunder. The District Treasurer shall, on the basis of the facts, estimates and circumstances in existence on the date of closing, make such certifications as are necessary to permit the conclusion that the Notes are not arbitrage bonds under Section 148 of the Code or the Regulations of the Commissioner of Internal Revenue thereunder. 5

70 Section 10. Sale of Notes. The terms, conditions and provisions of the Notes and the Note Documents are, in all respects, authorized and approved. The form of the Note Purchase Agreement is hereby approved. The Notes shall be sold and delivered in the manner, at the Purchase Price, plus interest accrued from the Interest Accrual Date to the closing date, pursuant to the terms and conditions set forth in the Note Purchase Agreement. The preparation of the Preliminary Official Statement and the Final Official Statement, and their use as contemplated in the Note Purchase Agreement, are hereby approved. The Preliminary Official Statement is deemed final as of its date, except for omissions or subsequent modifications permitted under Rule 15c2-12 of the Securities and Exchange Commission. The Chairperson, the Vice Chairperson and Secretary of the District are authorized and directed to do any and all acts necessary to conclude delivery of the Notes to the Underwriter, as soon after adoption of this Resolution as is convenient. Section 11. Book-Entry Only Notes. The Notes shall be transferable as follows: (a) Each maturity of Notes will be issued as a single Note in the name of the Securities Depository, or its nominee, which will act as depository for the Notes. During the term of the Notes, ownership and subsequent transfers of ownership will be reflected by book entry on the records of the Securities Depository and those financial institutions for whom the Securities Depository effects book entry transfers (collectively, the Participants ). No person for whom a Participant has an interest in Notes (a Beneficial Owner ) shall receive bond certificates representing their respective interest in the Notes except in the event that the Securities Depository or the District shall determine, at its option, to terminate the book-entry system described in this Section. Payment of principal of, and interest on, the Notes will be made by the Fiscal Agent to the Securities Depository which will in turn remit such payment of principal and interest to its Participants which will in turn remit such principal and interest to the Beneficial Owners of the Notes until and unless the Securities Depository or the District elect to terminate the book entry system, whereupon the District shall deliver bond certificates to the Beneficial Owners of the Notes or their nominees. Note certificates issued under this Section may not be transferred or exchanged except as provided in this Section. (b) Upon the reduction of the principal amount of any maturity of Notes, the Registered Noteowner may make a notation of such redemption on the panel of the Note, stating the amount so redeemed, or may return the Note to the District for exchange for a new Note in a proper principal amount. Such notation, if made by the Noteowner, may be made 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 Note Outstanding, unless the Note Registrar initialed the notation on the panel. (c) Immediately upon delivery of the Notes to the purchasers thereof on the delivery date, such purchasers shall deposit the bond certificates representing all of the Notes with the Securities Depository. The Securities Depository, or its nominee, will be the 6

71 sole Noteowner of the Notes, and no investor or other party purchasing, selling or otherwise transferring ownership of any Notes will receive, hold or deliver any bond certificates as long as the Securities Depository holds the Notes immobilized from circulation. (d) The Notes may not be transferred or exchanged except: (1) To any successor of the Securities Depository (or its nominee) or any substitute depository ( Substitute Depository ) designated pursuant to (ii) below, provided that any successor of the Securities Depository or any Substitute Depository must be a qualified and registered clearing agency as provided in Section 17L of the Securities Exchange Act of 1934, as amended; (2) To a Substitute Depository designated by or acceptable to the District upon (a) the determination by the Securities Depository that the Notes shall no longer be eligible for depository services or (b) a determination by the District that the Securities Depository is no longer able to carry out its functions, provided that any such Substitute Depository must be qualified to act as such, as provided in subparagraph (1) above; or (3) To those persons to whom transfer is requested in written transfer instructions in the event that: (i) The Securities Depository shall resign or discontinue its services for the Notes and, only if the District is unable to locate a qualified successor within two months following the resignation or determination of noneligibility, or (ii) Upon a determination by the District that the continuation of the book entry system described herein, which precludes the issuance of certificates to any Noteowner other than the Securities Depository (or its nominee) is no longer in the best interest of the Beneficial Owners of the Notes. (e) The Depository Trust Company, New York, New York, is hereby appointed the Securities Depository for the Notes. Section 12. Undertaking to Provide Continuing Disclosure. The (i) Chairperson or the Vice Chairperson and (ii) Secretary of the District are hereby authorized and directed to execute on behalf of the District, the Continuing Disclosure Agreement in connection with the Notes for the purpose of complying with the requirements of Rule 15c2-12 promulgated by the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended. 7

72 Section 13. Compliance with Federal Tax Laws. (a) The District represents and covenants that the project financed by the Notes and their ownership, management and use will not cause the Notes to be private activity bonds within the meaning of Section 141 of the Code, and the District shall comply with the provisions of the Code to the extent necessary to maintain the tax-exempt status of the interest on the Notes. (b) The District also covenants to use its best efforts to meet the requirements and restrictions of any different or additional federal legislation which may be made applicable to the Notes, provided that in meeting such requirements the District will do so only to the extent consistent with the proceedings authorizing the Notes and the laws of Wisconsin, and to the extent there is a reasonable period of time in which to comply. Section 14. Rebate Fund. If necessary, the District shall establish and maintain, so long as the Notes are outstanding, a separate account to be known as the Rebate Fund for the purpose of complying with the rebate requirements of Section 148(f) of the Code. The Rebate Fund is for the sole purpose of paying rebate to the United States of America, if any, on amounts of bond proceeds held by the District. The District hereby covenants and agrees that it shall pay from the Rebate Fund the rebate amounts as determined herein to the United States of America. The District may engage the services of accountants, attorneys, or other consultants necessary to assist it in determining rebate amounts. Amounts held in the Rebate Fund and the investment income therefrom are not pledged as security for the Notes and may only be used to pay amounts to the United States. The District shall maintain or cause to be maintained records of such determinations until six (6) years after payment in full of the Notes and shall make such records available upon reasonable request therefor. Section 15. Defeasance. When all Notes have been discharged, all pledges, covenants and other rights granted to the owners thereof by this Resolution shall cease. The District may discharge all Notes due on any date by irrevocably depositing in escrow with a suitable bank or trust company a sum of cash and/or bonds or securities issued or guaranteed as to principal and interest of the U.S. Government, or of a commission, board or other instrumentality of the U.S. Government ( Government Obligations ), or of securities wholly and irrevocably secured as to principal and interest by Government Obligations and rated in the highest rating category of a nationally recognized rating service, maturing on the dates and bearing interest at the rates required to provide funds sufficient to pay when due the interest to accrue on each of said Note to its maturity or, at the District's option, if said Note is prepayable to any prior date upon which it may be called for redemption, and to pay and redeem the principal amount of each such Note at maturity, or at the District's option, if said Note is prepayable, at its earliest redemption date, with the premium required for such redemption, if any, provided that notice of the redemption of all prepayable Notes on such date has been duly given or provided for. 8

73 Section 16. Resolution a Contract. The provisions of this Resolution shall constitute a contract between the District and the owner or owners of the Notes, and after issuance of any of the Notes no change or alteration of any kind in the provisions of this Resolution may be made, except as provided in Section 18, until all of the Notes have been paid in full as to both principal and interest. The owner or owners of any of the Notes shall have the right in addition to all other rights, by mandamus or other suit or action in any court of competent jurisdiction, to enforce such owner's or owners' rights against the District, the Governing Body thereof, and any and all officers and agents thereof including, but without limitation, the right to require the District, its Governing Body and any other authorized body, to fix and collect rates and charges fully adequate to carry out all of the provisions and agreements contained in this Resolution. Section 17. General Authorizations. The Chairperson, the Vice Chairperson and the Secretary of the District and the appropriate deputies and officials of the District in accordance with their assigned responsibilities are hereby each authorized to execute, deliver, publish, file and record such other documents, instruments, notices and records and to take such other actions as shall be necessary or desirable to accomplish the purposes of this Resolution and to comply with and perform the obligations of the District under the Notes. The execution or written approval of any document by the Chairperson, the Vice Chairperson or Secretary of the District herein authorized shall be conclusive evidence of the approval by the District of such document in accordance with the terms hereof. In the event that said officers shall be unable by reason of death, disability, absence or vacancy of office to perform in timely fashion any of the duties specified herein (such as the execution of Notes), such duties shall be performed by the officer or official succeeding to such duties in accordance with law and the rules of the District. Any actions taken by the Chairperson, the Vice Chairperson and Secretary consistent with this Resolution are hereby ratified and confirmed. Section 18. Amendment to Resolution. After the issuance of any of the Notes, no change or alteration of any kind in the provisions of this Resolution may be made until all of the Notes have been paid in full as to both principal and interest, or discharged as herein provided, except: (a) the District may, from to time, amend this Resolution without the consent of any of the owners of the Notes, but only to cure any ambiguity, administrative conflict, formal defect, or omission or procedural inconsistency of this Resolution; and (b) this Resolution may be amended, in any respect, with a written consent of the owners of not less than two-thirds (2/3) of the principal amount of the Notes then outstanding; provided, however, that no amendment shall permit any change in the pledge of tax revenues of the District or the maturity of any Note issued hereunder, or a reduction in the rate of interest on any Note, or in the amount of the principal obligation thereof, or in the amount of the redemption premium payable in the case of redemption thereof, or change the terms upon which the Notes may be redeemed or make any other modification in the terms of the payment of such principal or interest without the written consent of the owner of each such Note to which the change is applicable. 9

74 Section 19. Illegal or Invalid Provisions. In case any one or more of the provisions of this Resolution or any of the Notes shall for any reason be held to be illegal or invalid, such illegality or invalidity shall not affect any other provision of this Resolution or of the Notes. Section 20. Conflicting Resolutions. All ordinances, resolutions, or orders, or parts thereof heretofore enacted, adopted or entered, in conflict with the provisions of this Resolution, are hereby repealed and this Resolution shall be in effect from and after its passage. [SIGNATURE PAGE TO FOLLOW] 10

75 Adopted: June 27, Kurt D. Wachholz Chairperson of the District Attest: Graciela Maizonet Secretary of the District Recorded on June 27, Graciela Maizonet Secretary of the District [Signature Page of Sale Resolution] $1,500, Milwaukee Area Technical College District, Wisconsin General Obligation Promissory Notes, Series A

76 EXHIBIT A UNITED STATES OF AMERICA STATE OF WISCONSIN MILWAUKEE AREA TECHNICAL COLLEGE DISTRICT GENERAL OBLIGATION PROMISSORY NOTE, SERIES A Number Interest Rate Maturity Date Dated Date Principal Amount CUSIP R- % June 1, 20 $ FOR VALUE RECEIVED, Milwaukee Area Technical College District, Wisconsin, promises to pay to CEDE & CO., or registered assigns, the principal sum of ($ ) on the maturity date specified above, together with interest thereon from or the most recent payment date to which interest has been paid, unless the date of registration of this Note is after the 15th day of the calendar month immediately preceding an interest payment date, in which case interest will be paid from such interest payment date, at the rate per annum specified above, such interest being payable on June 1 and December 1 of each year, with the first interest on this issue being payable on. The Notes of this issue shall not be subject to call and payment prior to maturity. Both principal hereof and interest hereon are hereby made payable to the registered owner in lawful money of the United States of America, and for the prompt payment of this Note with interest thereon as aforesaid, and the levying and collection of taxes sufficient for that purpose, the full faith, credit and resources of the District are hereby irrevocably pledged. The principal of this Note shall be payable only upon presentation and surrender of this Note to the District Treasurer at the principal office of the District. Interest hereon shall be payable by check or draft dated as of the applicable interest payment date and mailed from the office of the District Treasurer to the person in whose name this Note is registered at the close of business on the fifteenth day of the calendar month next preceding each interest payment date. This Note is transferable only upon the books of the District kept for that purpose by the District Secretary at the principal office of the District, by the registered owner in person or his duly authorized attorney, upon surrender of this Note together with a written instrument of transfer (which may be endorsed hereon) satisfactory to the District Secretary duly executed by the registered owner or his duly authorized attorney. Thereupon a new Note or Notes of the same aggregate principal amount, series and maturity shall be issued A-1

77 to the transferee in exchange therefor. The District may deem and treat the person in whose name this Note is registered as the absolute owner hereof for the purpose of receiving payment of or on account of the principal or interest hereof and for all other purposes. The Notes are issuable solely as negotiable, fully registered Notes without coupons in authorized denominations of $5,000 or any whole multiple thereof. This Note is one of an issue aggregating $1,500, issued pursuant to the provisions of Section 67.12(12) of the Wisconsin Statutes, for the public purpose of financing $1,500, building remodeling and improvement projects, consisting of projects included in the District's building remodeling and improvement program (the public purpose projects described above are hereafter referred to as the Public Purposes ) and is authorized by a resolution of the District Board of the District, duly adopted by said District Board at its meeting duly convened on, which resolution is recorded in the official book of its minutes for said date. It is hereby certified and recited that all conditions, things and acts required by law to exist or to be done prior to and in connection with the issuance of this Note have been done, have existed and have been performed in due form and time; that the aggregate indebtedness of the District, including this Note and others authorized simultaneously herewith, does not exceed any limitations imposed by law or the Constitution of the State of Wisconsin; and that the District has levied a direct, annual irrepealable tax sufficient to pay this Note, together with interest thereon when and as payable. No delay or omission on the part of the owner hereof to exercise any right hereunder shall impair such right or be considered as a waiver thereof or as a waiver of or acquiescence in any default hereunder. A-2

78 IN WITNESS WHEREOF, the District Board of Milwaukee Area Technical College District, Wisconsin, has caused this Note to be signed on behalf of said District by its duly qualified and acting Chairperson and Secretary, and its corporate seal to be impressed hereon, all as of the date of original issue specified above. MILWAUKEE AREA TECHNICAL COLLEGE DISTRICT, WISCONSIN By: Chairperson of the District Attest: Secretary of the District A-3

79 (Form of Assignment) FOR VALUE RECEIVED the undersigned hereby sells, assigns and transfers unto (Please print or typewrite name and address, including zip code, of Assignee) (Please print or typewrite Social Security or other identifying number of Assignee) the within Note and all rights thereunder, hereby irrevocably constituting and appointing (Please print or type name of Attorney) Attorney to transfer said Note on the books kept for the registration thereof with full power of substitution in the premises. Dated: NOTICE: The signature to this assignment must correspond with the name as it appears upon the face of the within Note in every particular without alteration or enlargement or any change whatever. Signature(s) guaranteed by: \ A-4

80 Attachment FPO - 07 Milwaukee Area Technical College District, Wisconsin General Obligation Promissory Notes, Series B RESOLUTION AUTHORIZING THE ISSUANCE AND ESTABLISHING THE PARAMETERS FOR THE SALE OF NOT TO EXCEED $1,500, GENERAL OBLIGATION PROMISSORY NOTES, SERIES B WHEREAS, Milwaukee Area Technical College District (the "District") is presently in need of $1,500, for the public purpose of financing building remodeling and improvement projects, consisting of projects included in the District's building remodeling and improvement program (the public purpose projects described above are hereafter referred to as the Public Purposes ); WHEREAS, it is in the best interest of the District that the monies needed for such purpose be borrowed through the issuance of general obligation promissory notes pursuant to Section 67.12(12) of the Wisconsin Statutes, as amended (the Act ); WHEREAS, pursuant to the Act, the District is authorized to issue notes of the District in the aggregate amount of not to exceed $1,500, for the Public Purposes; and WHEREAS, the District seeks to authorize the issuance of not to exceed $1,500, General Obligation Promissory Notes, Series B (the Notes ) for the Public Purposes and set forth the parameters for the sale of such Notes; and WHEREAS, it is now expedient and necessary for the District to issue its general obligation promissory notes in the amount of not to exceed $1,500, for the Public Purposes; NOW, THEREFORE, the District hereby resolves as follows: Section 1. Definitions. The following terms shall have the following meanings in this Resolution unless the text expressly or by implication requires otherwise: Act shall mean Section 67.12(12) of the Wisconsin Statutes; Code shall mean the Internal Revenue Code of 1986, as amended; Continuing Disclosure Agreement shall mean the Continuing Disclosure Agreement, executed and delivered by the District, dated the date of issuance of the Notes (the Continuing Disclosure Agreement ), delivered by the District for the purpose of complying with the requirements of Rule 15c2-12 promulgated by the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended;

81 Dated Date shall mean the date of issuance of the Notes; Debt Service Fund shall mean the Debt Service Fund of the District, which shall be the special redemption fund as such term is defined in the Act; District shall mean the Milwaukee Area Technical College District, Wisconsin; Fiscal Agent shall mean the Treasurer of the District; Governing Body shall mean the Board of the District, or such other body as may hereafter be the chief legislative body of the District; Initial Resolution shall mean the Resolution Authorizing the Issuance and Establishing the Parameters for the Sale of Not to Exceed $1,500, General Obligation Promissory Notes, Series B of Milwaukee Area Technical College District, Wisconsin, adopted by the Governing Body on June 27, 2017; Note Registrar means the Secretary of the District; Notes shall mean the General Obligation Promissory Notes, Series B, of the District; Public Purposes shall mean the public purpose of financing not to exceed $1,500, of building remodeling and improvement projects, consisting of projects included in the District's building remodeling and improvement program; Purchase Price shall mean the purchase price for the Notes as set forth in the Final Approval; Record Date shall mean the close of business on the fifteenth day of the calendar month next preceding any principal or interest payment date; and Securities Depository means The Depository Trust Company, New York, New York, or its nominee. Section 2. Authorization of the Notes; Parameters. For the purpose of financing the Public Purposes, there shall be borrowed from an underwriter (the Underwriter ) selected through a competitive sale with the assistance and counsel of the District s financial advisor, Robert W. Baird & Co. Incorporated, on the full faith and credit of the District the sum of not to exceed $1,500,000.00; and fully registered general obligation promissory notes of the District are authorized to be issued in evidence thereof, provided that: (i) the price paid by the Underwriter for the Notes shall not be less than % of the par amount of the Notes, (ii) the true interest cost to be paid on the Notes shall not exceed 4.00%; (iii) the Notes shall mature no later than June 1, 2022; and (iv) the Notes shall comply in all other respects with the terms provided herein. The District Secretary shall, within ten (10) days hereafter, cause public notice of the adoption of this resolution to be 2

82 given to the electors of the District by publishing a notice thereof in the Milwaukee Journal Sentinel, a newspaper published and having general circulation in the District, which newspaper is found and determined to be likely to give notice to the electors, such notice to be in substantially the form set forth in Exhibit A to this resolution. Section 3. Sale of the Notes; Delegation of Authority with Respect to Final Approval. Subject to such Final Approval (defined below), to evidence such indebtedness, the District is hereby authorized, empowered and directed to make, execute, issue and sell to the Underwriter for, on behalf of and in the name of the District, general obligation promissory notes in the aggregate principal amount of not to exceed One Million Five Hundred Thousand Dollars ($1,500,000.00). The issuance and sale of the Notes to the Underwriter is subject to final approval by the Interim Vice President, Finance. Such final approval shall be evidenced by a certificate of the Interim Vice President, Finance. The approval of such issuance and sale, and the execution of said certificate shall comprise and be referred to collectively herein as the Final Approval. The Governing Body of the District hereby delegates the authority to provide such Final Approval to the Interim Vice President, Finance. Said Interim Vice President, Finance, may act for the Governing Body of the District to provide such Final Approval with respect to the Notes. Section 4. Terms of the Notes. The Notes shall be designated General Obligation Promissory Notes, Series B ; shall be dated the Dated Date; shall be numbered one and upward; shall be issued in denominations of $5,000 or any integral multiple thereof; and shall bear interest and mature on the dates and in the amounts as set forth in the Final Approval. Redemption provisions relating to the Notes shall be set forth in the Final Approval. Section 5. Form, Execution, Registration and Payment of the Notes. The Notes shall be issued as registered obligations in substantially the form attached hereto as Exhibit B and incorporated herein by this reference. The Notes shall be executed in the name of the District by the manual signatures of (i) the Chairperson or the Vice Chairperson and (ii) the Secretary, and may be sealed with its official or corporate seal, if any. The principal of, premium, if any, and interest on the Notes shall be paid by the Fiscal Agent. Both the principal of and interest on the Notes shall be payable in lawful money of the United States of America by the Fiscal Agent. Payment of principal of the final maturity on the Notes will be payable upon presentation and surrender of the Notes to the Fiscal Agent. Payment of principal on the Notes (except the final maturity) and each installment of interest shall be made to the registered owner of each Note who shall appear on the registration books of the District, maintained by the Note Registrar, on the Record Date and shall be paid by check or draft of the Fiscal Agent and mailed to such registered owner at the address appearing on such registration books or at such other address may be furnished in writing to such registered owner to the Note Registrar. 3

83 Section 6. Note Proceeds. The sale proceeds of the Notes (exclusive of accrued interest, printing distribution and filing fees, and any premium received) shall, forthwith upon receipt, be placed in and kept by the District Treasurer as a separate fund to be known as the Promissory Notes, Series B, Borrowed Money Fund (hereinafter referred to as the Borrowed Money Fund ). Moneys in the Borrowed Money Fund shall be used solely for the purposes for which borrowed or for transfer to the Debt Service Fund as provided by law. Section 7. Tax Levy. In order to provide for the collection of a direct annual tax sufficient in amount to pay and for the express purpose of paying the interest on the Notes as it falls due and also to pay and discharge the principal thereof at maturity, there is hereby levied upon all of the taxable property in the District, in addition to all other taxes, a nonrepealable, direct, annual tax in an amount sufficient for that purpose. This tax shall be from year to year carried into the tax roll of the District and collected in addition to all other taxes and in the same manner and at the same time. Said tax shall be in the years and in the minimum amounts as set forth in the Final Approval. The District shall be and continue without power to repeal such levy or obstruct the collection of said tax until all such payments have been made or provided for. After the issuance of the Notes, said tax shall be carried into the tax rolls of the District and collected as other taxes are collected, provided that the amount of tax carried into said tax rolls with respect to the Notes may be reduced by the amount of any surplus money in the Debt Service Fund created pursuant to Section 8 below. If there shall be insufficient funds from the tax levy to pay the principal of or interest on the Notes when due, the said principal or interest shall be paid from other funds of the District on hand, said amounts to be returned when said taxes have been collected. There be and there hereby is appropriated from taxes levied by the District in anticipation of the issuance of the Notes and other funds of the District on hand a sum sufficient to be deposited in the Debt Service Fund to meet payments with respect to debt service due for the year Section 8. Debt Service Fund. Within the debt service fund previously established within the treasury of the District, there be and there hereby is established a separate and distinct fund designated as the Debt Service Fund for General Obligation Promissory Notes, Series B (the Debt Service Fund ), and such fund shall be maintained until the indebtedness evidenced by the Notes is fully paid or otherwise extinguished. The District Treasurer shall deposit in such Debt Service Fund (i) all accrued interest received by the District at the time of delivery of and payment for the Notes; (ii) the taxes herein levied for the specific purpose of meeting principal of and interest on the Notes when due; (iii) such other sums as may be necessary at any time to pay principal of and interest on the Notes when due; (iv) any premium which may be received by the District above the par value of the Notes and accrued interest thereon; (v) surplus moneys in the Borrowed 4

84 Money Fund for the Notes; and (vi) such further deposits as may be required by Section of the Wisconsin Statutes. No money shall be withdrawn from the Debt Service Fund and appropriated for any purpose other than the payment of principal of and interest on the Notes until all such principal and interest has been paid in full and canceled; provided (i) the funds to provide for each payment of principal of and interest on the Notes prior to the scheduled receipt of taxes from the next succeeding tax collection may be invested in direct obligations of the United States of America maturing in time to make such payments when they are due or in other investments permitted by law; and (ii) any funds over and above the amount of such principal and interest payments on the Notes may be used to reduce the next succeeding tax levy, or may, at the option of the District, be invested by purchasing the Notes as permitted by and subject to Section 67.11(2)(a) of the Wisconsin Statutes in interestbearing obligations of the United States of America, in other obligations of the District or in other investments permitted by law, which investments shall continue as a part of the Debt Service Fund. When all of the Notes have been paid in full and canceled, and all permitted investments disposed of, any money remaining in the Debt Service Fund shall be deposited in the general fund of the District, unless the District Board directs otherwise. Section 9. Deposits and Investments. The Debt Service Fund shall be kept apart from moneys in the other funds and accounts of the District and the same shall be used for no purpose other than the prompt payment of principal of and interest on the Notes as the same becomes due and payable. All moneys therein shall be deposited in special and segregated accounts in a public depository selected under Chapter 34 of the Wisconsin Statutes and may be temporarily invested until needed in legal investments subject to the provisions of Sections (1m) and 67.10(3) of the Wisconsin Statutes. All income derived from such investments shall be regarded as revenues of the District. No such investment shall be in such a manner as would cause the Notes to be arbitrage bonds within the meaning of Section 148 of the Code or the Regulations of the Commissioner of Internal Revenue thereunder. The District Treasurer shall, on the basis of the facts, estimates and circumstances in existence on the date of closing, make such certifications as are necessary to permit the conclusion that the Notes are not arbitrage bonds under Section 148 of the Code or the Regulations of the Commissioner of Internal Revenue thereunder. Section 10. Sale of Notes. The District is authorized to prepare and distribute the following documentation for the Notes (collectively, the Note Documents ) (i) a Preliminary Official Statement (the Preliminary Official Statement ), describing the Notes and the security therefor; (ii) an Official Notice of Sale issued by the District and a Parity Bid Form (the Note Purchase Agreement ) to be entered into between the District and the Underwriter, providing for the sale of the Notes; and (iii) a Final Official Statement dated the date of sale of the Notes describing the Notes and the security therefor. 5

85 The Notes shall be sold and delivered in the manner, at the Purchase Price, pursuant to the terms and conditions set forth in the Note Purchase Agreement. The Chairperson, the Vice Chairperson, the Vice President, Finance and Secretary of the District are authorized and directed to do any and all acts necessary to conclude delivery of the Notes to the Underwriter, as soon after adoption of this Resolution as is convenient. Section 11. Book-Entry Only Notes. The Notes shall be transferable as follows: (a) Each maturity of Notes will be issued as a single Note in the name of the Securities Depository, or its nominee, which will act as depository for the Notes. During the term of the Notes, ownership and subsequent transfers of ownership will be reflected by book entry on the records of the Securities Depository and those financial institutions for whom the Securities Depository effects book entry transfers (collectively, the Participants ). No person for whom a Participant has an interest in Notes (a Beneficial Owner ) shall receive bond certificates representing their respective interest in the Notes except in the event that the Securities Depository or the District shall determine, at its option, to terminate the book-entry system described in this Section. Payment of principal of, and interest on, the Notes will be made by the Fiscal Agent to the Securities Depository which will in turn remit such payment of principal and interest to its Participants which will in turn remit such principal and interest to the Beneficial Owners of the Notes until and unless the Securities Depository or the District elects to terminate the book-entry system, whereupon the District shall deliver bond certificates to the Beneficial Owners of the Notes or their nominees. Note certificates issued under this Section may not be transferred or exchanged except as provided in this Section. (b) Upon the reduction of the principal amount of any maturity of Notes, the Registered Noteowner may make a notation of such redemption on the panel of the Note, stating the amount so redeemed, or may return the Note to the District for exchange for a new Note in a proper principal amount. Such notation, if made by the Noteowner, may be made 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 Note Outstanding, unless the Note Registrar initialed the notation on the panel. (c) Immediately upon delivery of the Notes to the purchasers thereof on the delivery date, such purchasers shall deposit the Note certificates representing all of the Notes with the Securities Depository. The Securities Depository, or its nominee, will be the sole Noteowner of the Notes, and no investor or other party purchasing, selling or otherwise transferring ownership of any Notes will receive, hold or deliver any bond certificates as long as the Securities Depository holds the Notes immobilized from circulation. 6

86 (d) The Notes may not be transferred or exchanged except: (1) To any successor of the Securities Depository (or its nominee) or any substitute depository ( Substitute Depository ) designated pursuant to (ii) below, provided that any successor of the Securities Depository or any Substitute Depository must be a qualified and registered clearing agency as provided in Section 17A of the Securities Exchange Act of 1934, as amended; (2) To a Substitute Depository designated by or acceptable to the District upon (a) the determination by the Securities Depository that the Notes shall no longer be eligible for depository services or (b) a determination by the District that the Securities Depository is no longer able to carry out its functions, provided that any such Substitute Depository must be qualified to act as such, as provided in subparagraph (1) above; or (3) To those persons to whom transfer is requested in written transfer instructions in the event that: (i) The Securities Depository shall resign or discontinue its services for the Notes and, only if the District is unable to locate a qualified successor within two months following the resignation or determination of noneligibility, or (ii) Upon a determination by the District that the continuation of the book-entry system described herein, which precludes the issuance of certificates to any Noteowner other than the Securities Depository (or its nominee) is no longer in the best interest of the Beneficial Owners of the Notes. (e) The Depository Trust Company, New York, New York, is hereby appointed the Securities Depository for the Notes. Section 12. Undertaking to Provide Continuing Disclosure. The (i) Chairperson or the Vice Chairperson and (ii) Secretary of the District are hereby authorized and directed to execute on behalf of the District, the Continuing Disclosure Agreement in connection with the Notes for the purpose of complying with the requirements of Rule 15c2-12 promulgated by the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended. Section 13. Compliance with Federal Tax Laws. (a) The District represents and covenants that the project financed by the Notes and their ownership, management and use will not cause the Notes to be private activity bonds within the meaning of Section 141 of the Code, and the District shall comply with the provisions of the Code to the extent necessary to maintain the tax-exempt status of the interest on the Notes. 7

87 (b) The District also covenants to use its best efforts to meet the requirements and restrictions of any different or additional federal legislation which may be made applicable to the Notes, provided that in meeting such requirements the District will do so only to the extent consistent with the proceedings authorizing the Notes and the laws of Wisconsin, and to the extent there is a reasonable period of time in which to comply. Section 14. Rebate Fund. If necessary, the District shall establish and maintain, so long as the Notes are outstanding, a separate account to be known as the Rebate Fund for the purpose of complying with the rebate requirements of Section 148(f) of the Code. The Rebate Fund is for the sole purpose of paying rebate to the United States of America, if any, on amounts of bond proceeds held by the District. The District hereby covenants and agrees that it shall pay from the Rebate Fund the rebate amounts as determined herein to the United States of America. The District may engage the services of accountants, attorneys, or other consultants necessary to assist it in determining rebate amounts. Amounts held in the Rebate Fund and the investment income therefrom are not pledged as security for the Notes and may only be used to pay amounts to the United States. The District shall maintain or cause to be maintained records of such determinations until six (6) years after payment in full of the Notes and shall make such records available upon reasonable request therefor. Section 15. Defeasance. When all Notes have been discharged, all pledges, covenants and other rights granted to the owners thereof by this Resolution shall cease. The District may discharge all Notes due on any date by irrevocably depositing in escrow with a suitable bank or trust company a sum of cash and/or bonds or securities issued or guaranteed as to principal and interest by the U.S. Government, or of a commission, board or other instrumentality of the U.S. Government ( Government Obligations ), or of securities wholly and irrevocably secured as to principal and interest by Government Obligations and rated in the highest rating category of a nationally recognized rating service, maturing on the dates and bearing interest at the rates required to provide funds sufficient to pay when due the interest to accrue on each said Note to its maturity or, at the District's option, if said Note is prepayable to any prior date upon which it may be called for redemption, and to pay and redeem the principal amount of each such Note at maturity, or at the District's option, if said Note is prepayable, at its earliest redemption date, with the premium required for such redemption, if any, provided that notice of the redemption of all prepayable Notes on such date has been duly given or provided for. Section 16. Resolution a Contract. The provisions of this Resolution shall constitute a contract between the District and the owner or owners of the Notes, and after issuance of any of the Notes no change or alteration of any kind in the provisions of this Resolution may be made, except as provided in Section 18, until all of the Notes have been paid in full as to both principal and interest. The owner or owners of any of the Notes shall have the right in addition to all other rights, by mandamus or other suit or action in any court of competent jurisdiction, to enforce such owner's or owners' rights against the District, the Governing Body thereof, and any and all officers and agents thereof including, 8

88 but without limitation, the right to require the District, its Governing Body and any other authorized body, to fix and collect rates and charges fully adequate to carry out all of the provisions and agreements contained in this Resolution. Section 17. General Authorizations. The Chairperson, the Vice Chairperson and the Secretary of the District and the appropriate deputies and officials of the District in accordance with their assigned responsibilities are hereby each authorized to execute, deliver, publish, file and record such other documents, instruments, notices and records and to take such other actions as shall be necessary or desirable to accomplish the purposes of this Resolution and to comply with and perform the obligations of the District under the Notes. The execution or written approval of any document by the Chairperson, the Vice Chairperson or Secretary of the District herein authorized shall be conclusive evidence of the approval by the District of such document in accordance with the terms hereof. In the event that said officers shall be unable by reason of death, disability, absence or vacancy of office to perform in timely fashion any of the duties specified herein (such as the execution of Notes), such duties shall be performed by the officer or official succeeding to such duties in accordance with law and the rules of the District. Any actions taken by the Chairperson, the Vice Chairperson and Secretary consistent with this Resolution are hereby ratified and confirmed. Section 18. Amendment to Resolution. After the issuance of any of the Notes, no change or alteration of any kind in the provisions of this Resolution may be made until all of the Notes have been paid in full as to both principal and interest, or discharged as herein provided, except: (a) the District may, from to time, amend this Resolution without the consent of any of the owners of the Notes, but only to cure any ambiguity, administrative conflict, formal defect, or omission or procedural inconsistency of this Resolution; and (b) this Resolution may be amended, in any respect, with a written consent of the owners of not less than two-thirds (2/3) of the principal amount of the Notes then outstanding; provided, however, that no amendment shall permit any change in the pledge of tax revenues of the District or the maturity of any Note issued hereunder, or a reduction in the rate of interest on any Note, or in the amount of the principal obligation thereof, or in the amount of the redemption premium payable in the case of redemption thereof, or change the terms upon which the Notes may be redeemed or make any other modification in the terms of the payment of such principal or interest without the written consent of the owner of each such Note to which the change is applicable. Section 19. Illegal or Invalid Provisions. In case any one or more of the provisions of this Resolution or any of the Notes shall for any reason be held to be illegal or invalid, such illegality or invalidity shall not affect any other provision of this Resolution or of the Notes. Section 20. Conflicting Resolutions. All ordinances, resolutions, or orders, or parts thereof heretofore enacted, adopted or entered, in conflict with the provisions of this 9

89 Resolution, are hereby repealed and this Resolution shall be in effect from and after its passage. [SIGNATURE PAGE TO FOLLOW] 10

90 Adopted: June 27, Chairperson of the District Attest: Secretary of the District Recorded on June 27, Secretary of the District [Signature Page of Initial and Parameters Resolution] $1,500, Milwaukee Area Technical College District, Wisconsin General Obligation Promissory Notes, Series B

91 EXHIBIT A NOTICE TO THE ELECTORS OF: Milwaukee Area Technical College District, Wisconsin NOTICE IS HEREBY GIVEN that the District Board of the above-named District, at a meeting duly called and held on June 27, 2017, adopted, pursuant to the provisions of Section 67.12(12) of the Wisconsin Statutes, a resolution entitled, "RESOLUTION AUTHORIZING THE ISSUANCE AND ESTABLISHING THE PARAMETERS FOR THE SALE OF NOT TO EXCEED $1,500, GENERAL OBLIGATION PROMISSORY NOTES, SERIES B," which provides that the sum of $1,500, be borrowed through the issuance of the District's general obligation promissory notes for the public purpose of financing building remodeling and improvement projects, consisting of projects included in the District's building remodeling and improvement program. A copy of said resolution is on file in the District Office, 700 West State Street, Milwaukee, Wisconsin, and is available for public inspection weekdays, except holidays, between the hours of 8:00 A.M. and 4:00 P.M. The District Board need not submit the resolution authorizing this borrowing to the electors for approval unless within 30 days after the publication of this Notice there is filed with the Secretary of the District Board a petition meeting the standards set forth in Sec (12), Wis. Stats., requesting a referendum thereon at a special election. Dated: June 27, BY ORDER OF THE DISTRICT BOARD: District Secretary A-1

92 EXHIBIT B UNITED STATES OF AMERICA STATE OF WISCONSIN MILWAUKEE AREA TECHNICAL COLLEGE DISTRICT GENERAL OBLIGATION PROMISSORY NOTE, SERIES B Number Interest Rate Maturity Date Dated Date Principal Amount CUSIP R- % June 1, 20, 2017 $ FOR VALUE RECEIVED, Milwaukee Area Technical College District, Wisconsin, promises to pay to CEDE & CO., or registered assigns, the principal sum of ($ ) on the maturity date specified above, together with interest thereon from, 2017 or the most recent payment date to which interest has been paid, unless the date of registration of this Note is after the 15th day of the calendar month immediately preceding an interest payment date, in which case interest will be paid from such interest payment date, at the rate per annum specified above, such interest being payable on June 1 and December 1 of each year, with the first interest on this issue being payable on. The Notes of this issue shall not be subject to call and payment prior to maturity. Both principal hereof and interest hereon are hereby made payable to the registered owner in lawful money of the United States of America, and for the prompt payment of this Note with interest thereon as aforesaid, and the levying and collection of taxes sufficient for that purpose, the full faith, credit and resources of the District are hereby irrevocably pledged. The principal of this Note shall be payable only upon presentation and surrender of this Note to the District Treasurer at the principal office of the District. Interest hereon shall be payable by check or draft dated as of the applicable interest payment date and mailed from the office of the District Treasurer to the person in whose name this Note is registered at the close of business on the fifteenth day of the calendar month next preceding each interest payment date. This Note is transferable only upon the books of the District kept for that purpose by the District Secretary at the principal office of the District, by the registered owner in person or his duly authorized attorney, upon surrender of this Note together with a written instrument of transfer (which may be endorsed hereon) satisfactory to the District Secretary duly executed by the registered owner or his duly authorized attorney. Thereupon a new Note or Notes of the same aggregate principal amount, series and maturity shall be issued B-1

93 to the transferee in exchange therefor. The District may deem and treat the person in whose name this Note is registered as the absolute owner hereof for the purpose of receiving payment of or on account of the principal or interest hereof and for all other purposes. The Notes are issuable solely as negotiable, fully registered Notes without coupons in authorized denominations of $5,000 or any whole multiple thereof. This Note is one of an issue aggregating $1,500, issued pursuant to the provisions of Section 67.12(12) of the Wisconsin Statutes, for the public purpose of financing $1,500, building remodeling and improvement projects, consisting of projects included in the District's building remodeling and improvement program (the public purpose projects described above are hereafter referred to as the Public Purposes ) and is authorized by a resolution of the District Board of the District, duly adopted by said District Board at its meeting duly convened on June 27, 2017, which resolution is recorded in the official book of its minutes for said date. It is hereby certified and recited that all conditions, things and acts required by law to exist or to be done prior to and in connection with the issuance of this Note have been done, have existed and have been performed in due form and time; that the aggregate indebtedness of the District, including this Note and others authorized simultaneously herewith, does not exceed any limitations imposed by law or the Constitution of the State of Wisconsin; and that the District has levied a direct, annual irrepealable tax sufficient to pay this Note, together with interest thereon when and as payable. No delay or omission on the part of the owner hereof to exercise any right hereunder shall impair such right or be considered as a waiver thereof or as a waiver of or acquiescence in any default hereunder. B-2

94 IN WITNESS WHEREOF, the District Board of Milwaukee Area Technical College District, Wisconsin, has caused this Note to be signed on behalf of said District by its duly qualified and acting Vice Chairperson and Secretary, and its corporate seal to be impressed hereon, all as of the date of original issue specified above. MILWAUKEE AREA TECHNICAL COLLEGE DISTRICT, WISCONSIN By: Chairperson of the District Attest: Secretary of the District B-3

95 (Form of Assignment) FOR VALUE RECEIVED the undersigned hereby sells, assigns and transfers unto (Please print or typewrite name and address, including zip code, of Assignee) (Please print or typewrite Social Security or other identifying number of Assignee) the within Note and all rights thereunder, hereby irrevocably constituting and appointing (Please print or type name of Attorney) Attorney to transfer said Note on the books kept for the registration thereof with full power of substitution in the premises. Dated: NOTICE: The signature to this assignment must correspond with the name as it appears upon the face of the within Note in every particular without alteration or enlargement or any change whatever. Signature(s) guaranteed by: \ B-4

96 Attachment FPO - 08 RESOLUTION AUTHORIZING THE ISSUANCE OF $22,500, GENERAL OBLIGATION PROMISSORY NOTES, SERIES C OF MILWAUKEE AREA TECHNICAL COLLEGE DISTRICT, WISCONSIN WHEREAS, Milwaukee Area Technical College District (the "District") is presently in need of $22,500, for the public purposes of (a) financing $21,000, of purchases of movable equipment, consisting of projects for future equipment needs, that are anticipated to occur in , and (b) financing $1,500, of building remodeling and improvement projects, consisting of projects included in the District's building remodeling and improvement program that are anticipated to occur in ; and WHEREAS, it is in the best interest of the District that the monies needed for such purpose be borrowed through the issuance of general obligation promissory notes pursuant to Section 67.12(12), Wis. Stats.; now therefore be it RESOLVED, that the District shall issue general obligation promissory notes in the amount of $22,500, for the public purposes of (a) financing $21,000, of purchases of movable equipment, consisting of projects for future equipment needs, that are anticipated to occur in , and (b) financing $1,500, of building remodeling and improvement projects, consisting of projects included in the District's building remodeling and improvement program that are anticipated to occur in ; and be it FURTHER RESOLVED, that the District Secretary shall, within 10 (ten) days hereafter, cause public notice of the adoption of this resolution to be given to the electors of the District by publishing a notice thereof in the Milwaukee Journal Sentinel, a newspaper published and having general circulation in the District, which newspaper is found and determined to be likely to give notice to the electors, such notice to be in substantially the form set forth in Attachment A to this resolution. Adopted: June 27, Attest: Chairperson District Secretary Recorded on June 27, District Secretary

97 Attachment A NOTICE TO THE ELECTORS OF: Milwaukee Area Technical College District, Wisconsin NOTICE IS HEREBY GIVEN that the District Board of the above-named District, at a meeting duly called and held on June 27, 2017, adopted, pursuant to the provisions of Section 67.12(12) of the Wisconsin Statutes, a resolution entitled, "RESOLUTION AUTHORIZING THE ISSUANCE OF $22,500, GENERAL OBLIGATION PROMISSORY NOTES, SERIES C, OF MILWAUKEE AREA TECHNICAL COLLEGE DISTRICT, WISCONSIN," which provides that the sum of $22,500, be borrowed through the issuance of the District's general obligation promissory notes for the public purposes of (a) financing $21,000, of purchases of movable equipment, consisting of projects for future equipment needs, that are anticipated to occur in , and (b) financing $1,500, of building remodeling and improvement projects, consisting of projects included in the District's building remodeling and improvement program that are anticipated to occur in A copy of said resolution is on file in the District Office, 700 West State Street, Milwaukee, Wisconsin, and is available for public inspection weekdays, except holidays, between the hours of 8:00 A.M. and 4:00 P.M. The District Board need not submit the resolution authorizing this borrowing to the electors for approval unless within 30 days after the publication of this Notice there is filed with the Secretary of the District Board a petition meeting the standards set forth in Sec (12), Wis. Stats., requesting a referendum thereon at a special election. Dated: June 27, BY ORDER OF THE DISTRICT BOARD: District Secretary \

98 FY July 1, June 30, 2018 Activity Plan and Budget MILWAUKEE AREA TECHNICAL COLLEGE DISTRICT MILWAUKEE, WISCONSIN Final 6/27/17

99 Final 6/27/17

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