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Tuesday Churn: DPS seeks pension advice


What’s churning:

Denver Public Schools’ complex 2008 pension transaction is back in the spotlight, as three board members today interview financial adviser candidates.

The transaction – hailed by some, criticized by others – is up for potential restructuring this spring and board members are seeking the services of an independent financial adviser to help them figure out their next steps.

Three board members – Mary Seawell, the board’s treasurer, along with Bruce Hoyt and Jeanne Kaplan – initially met Friday to interview financial adviser candidates. But they canceled the meeting after some confusion about whether the interviews should be conducted in public or not. They’re rescheduled the interviews, in public, for 9 a.m. to noon today at 900 Grant St.

Here’s today’s agenda and here are links to the cover letter and request for professional services issued in December.

The DPS board voted 7-0 in support of the $750 million deal but at least one board member –  Kaplan – has since said that she didn’t fully understand the complicated agreement and another board member who voted for it, Arturo Jimenez, has raised questions about its success.  DPS Superintendent Tom Boasberg, meanwhile, continues to tout savings earned from the transaction, citing it as one factor in the district’s proposed budget increase for 2011-12.

What’s on tap:

The Boulder Valley school board is scheduled to meet at 6 p.m. in the Board Room of the Education Center at 6500 East Arapahoe Road, Boulder. Agenda & documents (large PDF).

The Mapleton school board meets at 6 p.m. at its district administration building, 591 E. 80th Ave. in Denver. There’s no agenda posted but those interested can call 303-853-1000 to learn more.

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