Public comment guidelines provided by Jocquell Rodgers. No parties were present for public comment. 

Jocquell Rodgers shared the current state of the beginning of school operations at IOTA Leadership Academy in Little Rock, AR. Jocquell conveyed the delayed finalization of the campus lease and loan jeopardized completion of the campus construction in time to start the school year. Jocquell further explained that after conversations with the stakeholders in AR, she feels it is best to delay the first school year until the 2027 - 2028 school year. This would ensure robust operations on school day 1 of ILA and provide further time for perfection of the AR school model. The board members asked no questions but agreed among themselves that this plan sounded prudent. 

Daniel Penaranda introduced the ILA campus loan and lease documents (which were available to the board for pre-read). Larry Neal conveyed that he was able to review the documents and believes this is a good deal. However, Larry expressed concern that he was not made aware of the loan structure prior to receiving the documents. Daniel apologized and provide context on the loan structure and the lease negotiations.