Lighthouse Community Public Schools
Lighthouse Community Public Schools as Sole Member of Lighthouse Facilities, LLC Meeting
Date and Time
This meeting will be conducted via teleconference pursuant to Government Code Section
54953(e).
To join virtually:
https://us02web.zoom.us/j/84322605337?pwd=QWM1RHB3aFhacGZKTmt2d1NTVmVNQT09
Meeting ID: 843 2260 5337
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Agenda
| Purpose | Presenter | Time | |||
|---|---|---|---|---|---|
| I. | Opening Items | 5:30 PM | |||
| A. | Call the Meeting to Order | Kimi Kean | 5 m | ||
| B. | Record Attendance | Robbie Torney | 2 m | ||
| C. | Board findings pursuant to Government Code Section 54953(e) | Vote | Kimi Kean | 3 m | |
|
The LCPS Board of Directors - as the sole members of the Lighthouse Facilities LLC, determines, in accordance with Government Code Section 54953(e)(1)(B), that meeting in person would present imminent risks to the health or safety of attendees. Pursuant to Government Code Section 54953(e)(3), the Board has also reconsidered the circumstances of the State of Emergency declared by the Governor on March 4, 2020, and finds the State of Emergency continues to directly impact the ability of the Directors to meet safely in person and/or that State or local officials continue to impose or recommend measures to promote social distancing.
LCPS Board of Directors approved this on 6/15/2022 and will review the findings every 30 days. |
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| D. | Open Forum, Public Comment on Agenda or Non-Agenda Items, and Introductions | Kimi Kean | 15 m | ||
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No individual presentation on agendized or non-agendized items shall be for no more than two(2) minutes and the total time for this purpose shall not exceed fifteen (15) minutes. Speakers requesting translations will have four (4) minutes to present. The Board will hear public comments, and Identify next steps as needed. |
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| II. | Discussion and Approval Items: LLC and Bond Financing | 5:55 PM | |||
| A. | Documents for Items B - F | FYI | Rich Harrison | 3 m | |
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Please see the attached file for documents related to items B - F |
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| B. | Consideration and Approval of Ratification of Filing Articles of Organization for Lighthouse Facilities, LLC. | Vote | Rich Harrison | 5 m | |
| C. | Consideration and Approval of Resignation of Organizer of Lighthouse Facilities, LLC. | Vote | Rich Harrison | 5 m | |
| D. | Consideration and Approval of Appointment of Officers of Lighthouse Facilities, LLC. | Vote | Rich Harrison | 5 m | |
| E. | Consideration and Approval of Operating Agreement of Lighthouse Facilities, LLC. | Vote | Rich Harrison | 5 m | |
| F. | Consideration and Approval of Establishment of Bank Account for Lighthouse Facilities, LLC. | Vote | Rich Harrison | 5 m | |
| G. | Approval of Lighthouse Facilities, LLC. Resolution to Approve Bond process through the California School Finance Authority | Vote | Rich Harrison | 10 m | |
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Consideration and approval of Board Resolution to approve participation in and issuance of tax-exempt and taxable Bonds through the California School Finance Authority to ((i) finance and/or refinance (a) up to $33,000,000 of the costs of the acquisition, construction, expansion, remodeling, renovation, improvement, furnishing and equipping of an approximately 59,275 square foot educational facility known as Lodestar, A Lighthouse Community Public School, located at 701 and 735 105th Ave, Oakland, CA 94603, designed to serve approximately 861 students in grades K through 12, and (b) up to $2,000,000 of the costs of the acquisition, construction, expansion, remodeling, renovation, improvement, furnishing and equipping of an approximately 73,832 square foot educational facility known as Lighthouse Community Charter, located at 444 Hegenberger Road, Oakland, CA 94621, designed to serve approximately 861 students in grades K through 12; (ii) pay certain expenses incurred in connection with the issuance of the Bonds; (iii) pay capitalized interest on the Bonds; and (iv) fund a debt service reserve fund and/or related working capital with respect to the Bonds.
CEO and Finance Committee recommend approval for this resolution. |
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| III. | Closing Items | 6:33 PM | |||
| A. | Adjourn Meeting | Vote | Kimi Kean | 5 m | |