Global Academy of South Carolina
Minutes
K-8 GASC Board of Directors Meeting
Date and Time
Thursday May 30, 2024 at 12:00 PM
Location
9768 Warren H Abernathy Hwy, Spartanburg, SC 29301
Directors Present
L. Kovalevich, L. Leahey, M. Aulick (remote), R. Lyubar (remote), V. Sulakov (remote)
Directors Absent
V. Georgiyev
Guests Present
Alkan Cevik (remote), I. Soroka, N. Panasiuk, Y. Degtyareva (remote)
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
II. Consent Agenda
A.
Approve Minutes 04-17-24
B.
Approve Minutes 04-27-24
C.
Approval of Insurance Policies Renewals
D.
Approval of 2nd half of the payment to Service Provider (Outreach Education)
Alkan Cevik presented the second half of the Service Provider Invoice and recommends approval to proceed with payment.
III. Approval of Consent Agenda
A.
Approval of Consent Agenda
IV. Discussion
A.
Townhome Entrance conflict and solution
Ilya Soroka presented the part of the front field sale the school released Star Center Properties and Upward from obligations on the back fields. The intended use has always been townhomes. Due to steep elevations the best access to the back fields require the school to give up some land at the developers cost. The site-plan and proposed improvements and plat changes are attached. The school benefits by keeping traffic on Tyger Lake Dr.
The Board approved a motion for Star Center Properties to pursue documentation and plat for the improvements shown in the site plan, which include deeding land to Star Center Properties as part of the road improvements. The following conditions and restriction are conditions:
- Improvements must be paid for by others
- Construction can not disrupt school operations, arrival and dismissal
- A deed restriction that prohibits Star Center Properties or assignees from selling land for the use as a Charter School or Daycare without written consent of GASC Board.
B.
Approval of CSP Implementation Grant Year 2 Budget
Alkan Cevik presented the CSP budget and recommends approval for the authority to the principal and the Senior Finance Manager to amend based as needed within the allowable grant expenses.
C.
Approval of School Furniture Purchase and New Vendor
Alkan Cevik presented the 3 quotes for the furniture options and recommends Alphaterra Inc for purchase.
Ilya Soroka presented the 3 quotes for the playground options that were researched for better discounts by the Florida team and recommends BYO Inc for purchase.
D.
Approval of Opening a SWEEP Account to be in Compliance with Audit for FDIC Requirements
Alkan Cevik presented the recommendation to open of a SWEEP Account to be in Compliance with Audit for FDIC Requirements.
E.
GASC Draft Operations Support and Services Agreement
Ilya Soroka presented The GASC Draft Operations Support and Service Agreement adds services such Academic Compliance with Cognia, Operations, Marketing, and Outreach Services for your review, consideration, and comments. Margaret opted to keep this a separate agreement given that the existing one was specifically referenced during the bond process. The Agreement includes a provision in Paragraph 10 that payment of any fees will at all times comply with the bond requirements.
One difference in the two agreements is this one has a 90 day notice termination provision, and the other has a 180 day notice termination provision. The Exhibit A detailing the services needs to also be flushed out and finalized.
Alkan Cevik presented the Global Academy of SC insurance policies (property, general liability, auto, student accident and etc.) and recommends board approval for renewal.