Paramount Schools of Excellence
Minutes
Board of Directors
Date and Time
Wednesday September 2, 2020 at 7:00 PM
Location
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Meeting ID: 702 256 528
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Public Meeting Notice of Paramount Schools of Excellence Board of Directors
Board of Directors Meeting
Sep 2, 2020
7:00-7:30 PM
Topic: PSOE Board Meeting - Keystone Project Funding
Time: September 2, 2020 7:00PM PM Indiana (East)
Meeting ID
meet.google.com/tso-ufeu-piz
Phone Numbers
(US)+1 662-547-1124
PIN: 194 808 819#
Board of Directors Meeting
Sep 2, 2020
7:00-7:30 PM
Topic: PSOE Board Meeting - Keystone Project Funding
Time: September 2, 2020 7:00PM PM Indiana (East)
Meeting ID
meet.google.com/tso-ufeu-piz
Phone Numbers
(US)+1 662-547-1124
PIN: 194 808 819#
Directors Present
A. Bekele (remote), C. Park (remote), J. Amu (remote), L. Smith (remote), P. Blackard (remote), T. Rude (remote)
Directors Absent
B. Eldridge, J. Hazzard, Jr., M. Bishop
Ex Officio Members Present
T. Reddicks (remote)
Non Voting Members Present
T. Reddicks (remote)
Guests Present
A. Wong (remote), J. Monk (remote), Kyle Beauchamp (remote)
I. Opening Items
A.
Record Attendance and Guests
B.
Call the Meeting to Order
T. Rude called a meeting of the board of directors of Paramount Schools of Excellence to order on Wednesday Sep 2, 2020 at 7:02 PM.
II. Public Comments
A.
Public Comments
No members of the public were in attendance to make comment.
III. New Business
A.
Keystone Project Funding Discussion
T. Rude made a motion to approve payment of $803,206.06 to Keystone for the June payment.
P. Blackard seconded the motion.
The June payment from Schola to Keystone has not yet been paid. The anticipated payout date is 5-10 days from today. This has caused payments to subcontractors, hired by Keystone, to be late. This may cause subcontractors to file a lien, which would delay payment from Schola even longer. T. Reddicks is proposing fronting $500,000 to Keystone to pay subcontractors prior to the Schola payout. A. Wong confirmed this would not impact anything related to PPP. C. Park noted the difficulty liens place on projects, and recommends doing what it takes to prevent this. P. Blackard recommended to pay the full amount needed to pay subcontractors ($803,206.06).
The board VOTED unanimously to approve the motion.
| Roll Call | |
|---|---|
| C. Park |
Aye
|
| J. Amu |
Aye
|
| B. Eldridge |
Absent
|
| T. Rude |
Aye
|
| P. Blackard |
Aye
|
| M. Bishop |
Absent
|
| J. Hazzard, Jr. |
Absent
|
| A. Bekele |
Aye
|
| L. Smith |
Aye
|
IV. Closing Items
A.
Next Meeting
September 8, 2020
5:30 PM
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Meeting ID: 702 256 528
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+1 312 626 6799 US (Chicago)
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+1 346 248 7799 US (Houston)
Meeting ID: 702 256 528
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5:30 PM
Join Zoom Meeting
https://zoom.us/j/702256528
Meeting ID: 702 256 528
One tap mobile
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+13017158592,,702256528# US (Germantown)
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+1 312 626 6799 US (Chicago)
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+1 346 248 7799 US (Houston)
Meeting ID: 702 256 528
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B.
Adjourn Meeting
There being no further business to be transacted, and upon motion duly made, seconded and approved, the meeting was adjourned at 7:27 PM.
Respectfully Submitted,
T. Rude