Liberty Charter Academy
Minutes
Board Meeting
Date and Time
Sunday August 24, 2025 at 5:00 PM
Directors Present
A. Miller (remote), D. MacColl (remote), D. Williams (remote), J. O'Day (remote), M. Schneider (remote), V. Jones (remote)
Directors Absent
None
Guests Present
J. Looney (remote), M. Sauer (remote)
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
II. Personnel
A.
Personnel Report
The board discussed the quality of candidates that Dr. Looney has brought forward and congratulated him on a job well done.
III. Finance
A.
Discussion and approval of Hilltop letter of engagement
The board decided that some representatives from the board will talk to their financial advisor, Alex Mueller from First Tryon to get more clarity on the services they will offer and the process that will be used to pursue financing.
J O'Day reconvened the meeting at 5:33 with all board members and MC Sauer present.
AJ Miller presented a summary of the call with Alex Mueller from First Tryon. He said that essentially Hilltop wants to try to find a bond deal for us and wants assurances that if they find a deal that they will also benefit. He likened it to a real estate agent who requires a contract before he does a lot of work. He said that he doesn't see a down side. The board discussed the process.
MC Sauer presented a contract with Hilltop. She explained that Hilltop had worked in a different capacity on the old bond deal, but that now they were interested in underwriting a new bond deal if they can find it. She suggested that the board could meet with their financial advisor to get more questions answered.