District picks AC Root
The decision came Wednesday when the
Prior to the vote, Superintendent
"You have before you two very high-quality companies that have come forward with their desire to work for you. I think I should make sure that our public knows that," Olson said. "They are both from our community, and each one will do an exceptional job."
"The process has been a fiasco; the RFP process is a mockery of it," Vens said. "Regardless of how big a piece of business this is, how prestigious or how lucrative from a financial standpoint this piece of business may be, we maintain our moral and our ethical compass."
The process of selecting an agent of record has not been a smooth one for the school board.
The topic first reached the voting level during a
Board member
"I guess I have a hard time understanding how you guys (the committee) sit in a meeting and look at all the facts and then you come here and you can't make a decision," said Wenzel, at the
That indecision led to the group tabling the final vote until the
With the absence of board member
During the special meeting, AC Root owner
As a member of the board when the district decided to stray from the appointment of
"I served on the board when the change was made from Core-Vens to AC Root. Once I understood the reasons for the change I felt it was warranted," Wolf said. "In the years since the change the district has been well served by AC Root. I fail to understand why a change would be made unless there was some failure of service. Your foremost consideration should be the best protection for the district and the use of taxpayer dollars; AC Root has provided that."
Bray herself made that same argument during the
At the time it was enough to sway board members, and committee members,
When Wednesday's meeting arrived, it was board member
While Gettes didn't shed any light on his decision, school board President
"This is not about one versus the other. As Superintendent Olson said, these are two highly qualified people who were asked to do an RFP," McGraw said. "It came out significantly different than what the vote is coming out; it's hard to understand how that happens."
Assistant Editor
___
(c)2015 the Clinton Herald (Clinton, Iowa)
Visit the Clinton Herald (Clinton, Iowa) at clintonherald.com
Distributed by Tribune Content Agency, LLC.


Md. Attorney General Seeks To Shut Down ‘The Money Guys’
Advisor News
- House panel advances CLEAR Forms Act backed by IRI
- Modifying life insurance based on evolving needs
- Gen X faces ‘pension envy’ as they head into retirement
- Your client wants to cash out an annuity. Here’s what to consider
- How student loan debt impacts 401(k) balances
More Advisor NewsAnnuity News
- A-Cap strikes back with lawsuit accusing SC regulators of sloppy process, leaking secrets
- AM Best to Discuss Its Views on Private Credit Surge and Risks at 2026 NAIC/NIPR Insurance Summit
- OID recovers $260M in life insurance benefits
- NUNN BILLS TO COMBAT PAYMENT SCAMS, CUT FINANCIAL RED TAPE PASS FINANCIAL SERVICES COMMITTEE
- SS&C Black Diamond Expands Annuities & Insurance Marketplace with New Insurance Capabilities and Carriers
More Annuity NewsHealth/Employee Benefits News
Life Insurance News