G. Swick made a motion to approve the minutes from Board Meeting--Virtual on 11-19-20.

B. Lane seconded the motion.

S. Bennett made a motion to approve the minutes from December 3 Special Board Meeting to Select General Contractor on 12-03-20.

G. Swick seconded the motion.

G. Swick made a motion to approve the minutes from December 4 Special Meeting to Approve Real Estate Contract with City of Elgin on 12-04-20.

M. Gibb seconded the motion.

S. Bennett made a motion to approve the remainder of Early Release items as stated in the attached Bulley and Andrews proposal for a total NTE of $300,000.

B. Lane seconded the motion.

M. Gibb made a motion to accept the board resignation of Brian Pinion.

G. Swick seconded the motion.

B. Lane made a motion to amend Article III(b) of our Bylaws as follows Proposed By Law Addition: For purposes of the provisions of 105 ILCS 5/27A-10.10(b), upon the closing of EMSA, if the application and contract of a charter school are silent or ambiguous as to the disposition of any of the EMSA’s property or assets, any property or assets of EMSA purchased with public funds will be returned to the City of Elgin, not the local school district. TO REPLACE THIS PORTION OF Article III(b) Any assets not so disposed of shall be disposed of by the Court of Common Pleas of the county in which the principal office of the Corporation is then located, exclusively for such purposes or to such organization or organizations, as said Court shall determine, which are organized and operated exclusively for such purposes. ARTICLE III(b) shall read in its entirety: b. Upon the dissolution of the Corporation, the Board of Directors shall, after paying or making provision for the payment of all the liabilities of the Corporation, dispose of all the assets of the Corporation exclusively for the purposes of the Corporation in such manner, or to such organization or organizations organized and operated exclusively for charitable, educational, religious, or scientific purposes as shall at the time qualify as an exempt organization or organizations under section 501(c)(3) of the Internal Revenue Code of 1986 (or the corresponding provision of any future United States Internal Revenue Law), as the Board of Directors shall determine. For purposes of the provisions of 105 ILCS 5/27A-10.10(b), upon the closing of EMSA, if the application and contract of a charter school are silent or ambiguous as to the disposition of any of the EMSA’s property or assets, any property or assets of EMSA purchased with public funds will be returned to the City of Elgin, not the local school district.

S. Bennett seconded the motion.

G. Swick made a motion to approve the resolution to reopen line of credit.

B. Lane seconded the motion.

S. Bennett made a motion to approve a contract that is substantially similar to the attached EAB contract.

A. Gray seconded the motion.

A. Gray made a motion to approve the addition of the administration position of Chief Operating Officer to be offered to Dan Alexander.

G. Swick seconded the motion.

There being no further business to be transacted, and upon motion duly made, seconded and approved, the meeting was adjourned at 7:30 PM.

Respectfully Submitted,

M. Gibb