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I recommend the School Board authorize the administration to have <br />legal counsel prepare a purchase agreement addendum which will <br />permit a temporary suspension of purchase payments by Mr. <br />Kaufhold until closing on the property on October 3, 1988. <br />D. 916 Lease. Commentary by Mr. Paul Borg. <br />Enclosed is a proposed document for the lease of Lexington <br />Elementary School to Northeast Metropolitan Intermediate School <br />District 916 for the months of August and September, 1988. <br />I recommend the School Board approve and execute the enclosed <br />lease agreement. <br />E. Sale of Spooner Park. Commentary by Mr. Paul Borg. <br />Enclosed is a letter from City of Little Canada Mayor, Mr. Mike <br />Fahey, in which he describes recent actions by the City of Little <br />Canada Council on the sale of property known as Spooner Park. <br />I recommend the School' Board authorize the sale of Spooner Park <br />without the proposed deed restriction, but with the <br />"understandings" clearly in focus as specified in Mr. Fahey's <br />letter. <br />F. Canvass of Ballots, School Board Election. Commentary by Mr. <br />Edward Fick. <br />Mr. Edward Fick, Clerk of the Roseville Area Schools' Board, will <br />furnish a report on the canvass of the ballots for the School <br />Board election of May 17, 1988. <br />I recommend the School Board certify the results of the School <br />Board election of Tuesday, May 17 and execute any and all <br />documents related thereto. <br />N. Final Budget, 1987-1988. Commentary by Mr. Paul Borg. <br />Enclosed is the final budget for the Roseville Area Schools <br />for the 1987-1988 school year. <br />Mr. Paul Borg, Assistant Superintendent for Business Services, <br />will furnish an overview of salient features of 1987-1988 <br />revenues and expenditures and, along with members of the <br />Executive Council staff and Superintendent of Schools, respond to <br />questions School Board members may have. <br />I recommend the School Board adopt the final budget for the <br />1987-1988 organizational year. <br />H. Direct Deposit of Net Par. Prepared by Mr. E. Keith Smelser. <br />Roseville Area Schools will offer its staff members the <br />opportunity to participate,voluntarily, in the direct deposit of <br />net pay to banking institutions by electronic means. <br />3 <br />