Lighthouse Community Public Schools
Minutes
Finance/Governance Committees Joint Meeting
Date and Time
Wednesday July 20, 2022 at 4:30 PM
Committee Members Present
A. Ocegueda (remote), M. Milner (remote)
Committee Members Absent
A. Moore
Guests Present
Jessica Shaham (Bond Counsel) (remote), John Kim + Stifel Team (remote), John Phan (Financial Advisor) (remote), L. Wu (remote), R. Harrison (remote), R. Torney (remote), aron.kidane@lighthousecharter.org (remote), brogers@rogersfoundation.org (remote)
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
C.
Public Comment
II. Recurring Financial Discussion Items
A.
Goals: today & upcoming meetings
Rich Harrison, CEO, presented an overview of the past month's work around Property Financing and Acquisition.
B.
Property Financing and Acquisition - Part 1: Overview of Bond structures / DRAFT DOCUMENTS
John Kim (Stifel) gave an overview of bond structures and the LCPS Property Financing package.
C.
Property Financing and Acquisition - Part 2: Overview of LLC related documents / DRAFT DOCUMENTS
John Kim (Stifel) gave an overview of draft documents related to Lighthouse Facilities LLC and Lodestar Facilities LLC.
D.
Property Financing and Acquisition - Part 3: DRAFT Bond Documents
Joh Kim (Stifel) gave an overview of the draft bond documents.
E.
Property Financing and Acquisition - Part 4: DRAFT Lease Documents
John Kim (Stifel) gave an overview of the lease documents.
Hearing none and seeing none, public comment was closed.