Gilbert Community School District Special Meeting of the Board of Education for Sales Tax Revenue and Refunding Bonds, Series 2025 09/10/2025 05:30 PM District Office Conference Room103 Mathews Drive, Gilbert, IA 50105 MEETING MINUTES

Gilbert Community School District Special Meeting of the Board of Education for Sales Tax Revenue and Refunding Bonds, Series 2025 09/10/2025 05:30 PM District Office Conference Room103 Mathews Drive, Gilbert, IA 50105 MEETING MINUTES Call to Order The Special Meeting was called to order at 5:33 p.m. by President Josh Bennett. Roll Call The following members of the board answered the roll call: Josh Bennett, Nathan Kerns, Mindy Rash, Melissa Pearson and Andrew Ricklefs. Staff: Adam Davis, FFA Advisor & AgEd Instructor Visitors: Travis Squires, Piper Sandler (via Zoom) Approval of Agenda Motion made by: Andrew Ricklefs Motion seconded by: Mindy Rash Voting: Unanimously Approved NEW BUSINESS Travis Squires, Piper Sandler, (via Zoom) addressed the board on the events that happened throughout the day regarding the bond pricing process. We received great investor feedback and interest. With the decrease in interest rates and investor feedback, we were able to secure $19.4M instead of the estimated $18.64M, with the same payment schedule. A motion to approve the Resolution DIRECTING THE SALE OF $19,400,000 school infrastructure sales, services and use tax revenue AND REFUNDING bondS, SERIES 2025, AND APPROVAL OF BOND PURCHASE AGREEMENT was made. Motion made by: Andrew Ricklefs Motion seconded by: Mindy Rash Voting: Josh Bennett - Yes Nathan Kerns - Yes Melissa Pearson - Yes Mindy Rash - Yes Andrew Ricklefs - Yes The President declared the Resolution adopted. A motion was made to approve the RESOLUTION AUTHORIZING THE REDEMPTION OF OUTSTANDING TAXABLE School Infrastructure Sales, Services and Use Tax Revenue bond anticipation project noteS, SERIES 2025, DATED August 20, 2025, OF THE gilbert Community School District, STATE OF IOWA, AND DIRECTING NOTICE BE GIVEN. Motion made by: Mindy Rash Motion seconded by: Nathan Kerns Voting: Josh Bennett - Yes Nathan Kerns - Yes Melissa Pearson - Yes Mindy Rash - Yes Andrew Ricklefs - Yes The President declared the Resolution adopted. Consider/Approve FFA Trip to Greece Adam Davis, FFA Advisor & AgEd Instructor, informed the board of an invitation from the American Farm School in Thessaloniki, Greece, to assist in establishing an FFA-like student leadership program. Student participation will include 4 FFA alumni past presidents and vice presidents, 2–3 current FFA members, and chaperones: Adam Davis (FFA Advisor & AgEd Instructor), Kent Schwartz (Advisory Council Member & Veterinarian), and Kacey Davis (Educator and female chaperone). The experience will be completely free to students thanks to community and program support. The tentative date for the trip is October 3 through October 12, 2025. Motion made by: Andrew Ricklefs Motion seconded by: Nathan Kerns Voting: Unanimously Approved ADJOURNMENT Motion made by: Nathan Kerns Motion seconded by: Mindy Rash Voting: Unanimously Approved The special meeting adjourned at 5:49 p.m. Josh Bennett, Board President Gail Hopkins, Board Secretary September 16 2025 LIOW0369926