Dr. Miller updated the board on the recent developments at the school.  There are a lot of exciting academic initiatives. The middle school is fully enrolled and mentorship started this week.  The HS kids are starting to receive acceptances.  There are 130 students on campus in the 9&10th grades this year. 

Kav Tucker informed the board that the school board is voting on various compliance issues.  The other main discussions for the school board have been regarding financing of the expansion and developing a better understanding of decisions that need to be made on the debt service. 

We have had two committee meetings so far discussing goals of the committee as well as financials for the expansion. 

Goals include compliance documentation and asking the school to amend our finance policy so we do not have conflicting policies between the school and foundation.

We have updated financials in the board packet, but we will table the discussion on financials until the next meeting to be sure our budget is in line with the school board's budget that was recently passed. 

Nick shared that the school board and foundations committee meetings should be integrated to the extent that they are all working on the same issues with the SCDC and LDA.  

The school board has formed a subcommittee to focus specifically on the LDA and Performing Arts Center.  They had a call in September that went well with a little bit of hesitation on the afternoon pick up options.  There is a thought that we will be staggering our dismissal times to alleviate traffic and if it works out SCDC may allow us to pick up in Seaside. An LDA will not be signed by either party until this issue is resolved. 

Shannon gave an update on the latest project developments.  Groundbreaking has happened and site work is underway.  Patrick has been leading the charge by communicating with the college, architect, and contractors.  WBA has given us a new timeline that proves to be very tight, so we will be trying hard to stick to that schedule so we can get students in the new buildings by Fall of 2025.  There are three contractual items that need ratification and a vote.

• SCHS Structural Geotechnical Contract - A motion was made by Farrar to approve the contract.  Chris seconded the motion.  Motion carried.
• AFPS Proposal - A motion was made by Jason to approve the contract.  Farrar seconded.  Motion carried. 
• Universal Engineering Sciences | Proposal Acceptance Form - A motion was made by Jason to approve the contract.  Farrar seconded.  Motion carried. 
• Request from WBA to increase fee - When we signed the original contract with WBA in 2022, our original scope was 1/3 of what it is today.  WBA has requested an amendment to the original contract, which was included in the board materials.  A motion was made by Jason to approve the amendment to the contract.  Farrar seconded.  Motion carried. 

Dr. Miller has met with Liberty Partners to update efforts on the grant application.  We are communicating with them on how the curriculum certifications will be produced by programming.  Goal is to have another draft application by November.  

We are asking for another $9mm from the FL legislature for the next session.  The applications are complete and under review by our lobbyist, Rubin Turnbull.  

Discussions with RoundTable have been on hold while we have been talking with the school board and School Financial Services to stress test our budget and consider various scenarios for financing. We expect to continue discussions with RoundTable next week and move on with an underwriter.  

Teresa updated the board on the committee meeting.  They are working with the school board's development committee to help support fundraising efforts.  Goal over the next 5 years is to raise $10mm and work on pipeline to donors.  The committee is exploring dates to partner with the chamber on an event. 

The golf outing was very successful once again.  All went well with the event.  The event grossed $153,000 +/-. 

Event meetings are moving along.  This year we are adding a VIP component to race day  to increase revenue through registration.  So far that has grossed $8000 in revenue. We plan on having another Saturday/Expo Lunch n Learn event.