Future Public School
Minutes
Special Board Meeting
Discuss Refinance Options, Nominate additional directors
Date and Time
Thursday September 9, 2021 at 4:30 PM
Location
https://us02web.zoom.us/j/82103369443?pwd=SFozVGJIbkFoMisvTHJWU09kZlFIQT09
Meeting ID: 821 0336 9443
Passcode: T6ZL7M
Meeting ID: 821 0336 9443
Passcode: T6ZL7M
Directors Present
Basile Beaty (remote), Colleen Mackay (remote), Darnisha Orcutt (remote), Julie Oliver (remote), Tracy Sedano (remote), Whitley Caka (remote), Will Pigott (remote)
Directors Absent
Matthew Kuzio
Directors who left before the meeting adjourned
Tracy Sedano, Will Pigott
Ex Officio Members Present
Amanda Cox (remote)
Non Voting Members Present
Amanda Cox (remote)
Guests Present
Eric Heringer (remote), Heather Efaw (remote), Keith Donahue (remote), Lauren Tassos (remote), Wes Olson (remote)
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
Colleen Mackay called a meeting of the board of directors of Future Public School to order on Thursday Sep 9, 2021 at 4:40 PM.
C.
Approve Meeting Minutes
Basile Beaty made a motion to approve the minutes from Board of Director's Meeting July on 07-01-21.
Julie Oliver seconded the motion.
The board VOTED to approve the motion.
II. Finance & Operations
A.
Campus Financing and Purchase Presentation
K. Donahue shared a presentation on the campus financing options that included an overview of the purpose for refinancing, benefits to Future, and the recommended approach.
Will Pigott left at 4:55 PM.
Tracy Sedano left at 5:00 PM.
B.
Proposed Motions
Julie Oliver made a motion to hire Ford Research and Solutions, Inc., as proposed in
the Campus Financing and Purchase Presentation, to provide
consulting services in connection with the financing and purchase of
Future’s campus.
Basile Beaty seconded the motion.
The board VOTED to approve the motion.
| Roll Call | |
|---|---|
| Colleen Mackay |
Aye
|
| Tracy Sedano |
Absent
|
| Julie Oliver |
Aye
|
| Darnisha Orcutt |
Aye
|
| Matthew Kuzio |
Absent
|
| Basile Beaty |
Aye
|
| Whitley Caka |
Aye
|
| Will Pigott |
Absent
|
Basile Beaty made a motion to select Piper Sandler as the underwriter in connection
with the financing and purchase of Future’s campus, per Piper’s
proposal.
Colleen Mackay seconded the motion.
The board VOTED to approve the motion.
| Roll Call | |
|---|---|
| Matthew Kuzio |
Absent
|
| Whitley Caka |
Aye
|
| Will Pigott |
Absent
|
| Tracy Sedano |
Absent
|
| Darnisha Orcutt |
Aye
|
| Basile Beaty |
Aye
|
| Colleen Mackay |
Aye
|
| Julie Oliver |
Aye
|
C.
Approval of Foundation Transfer Funds
Due to time limitations we did not address this agenda item.
III. CEO Report
A.
2021-2022 Back to School Director's Update
A. Cox shared brief updates around the launch of the school year and potential COVID-19 policies that may need to be reviewed and approved in upcoming meetings.
IV. Governance Committee
A.
Nomination of New Board Members
Colleen Mackay made a motion to Nominate Keith Donahue as a Future Public School
Board Director and Board Vice Chair.
Basile Beaty seconded the motion.
The board VOTED to approve the motion.
| Roll Call | |
|---|---|
| Matthew Kuzio |
Absent
|
| Tracy Sedano |
Absent
|
| Julie Oliver |
Aye
|
| Darnisha Orcutt |
Aye
|
| Basile Beaty |
Aye
|
| Will Pigott |
Absent
|
| Whitley Caka |
Aye
|
| Colleen Mackay |
Aye
|
Julie Oliver made a motion to Nominate Colleen Mackay as Future Public School
Board Chair.
Basile Beaty seconded the motion.
The board VOTED to approve the motion.
| Roll Call | |
|---|---|
| Basile Beaty |
Aye
|
| Tracy Sedano |
Absent
|
| Will Pigott |
Absent
|
| Whitley Caka |
Aye
|
| Darnisha Orcutt |
Aye
|
| Colleen Mackay |
Abstain
|
| Matthew Kuzio |
Absent
|
| Julie Oliver |
Aye
|
V. Closing Items
A.
Celebrate, Share Gratitude, Next Steps
B.
Adjourn Meeting
There being no further business to be transacted, and upon motion duly made, seconded and approved, the meeting was adjourned at 5:37 PM.
Respectfully Submitted,
Lauren Tassos