A. Ortiz reviewed organizational finances. Members asked clarifying questions concerning monthly cash balances, credit lines, and terms. A. Ortiz highlighted strong Average Daily Attendance (ADA), especially at Watsonville Prep School, a site that has implemented a highly-effective attendance response team during the C-19 pandemic.

K. Sved provided an overview of the reorganization of the department, explaining the motivations for and benefits of the decision. A. Ortiz provided further explanation while answering clarifying questions from committee members.

Two guests from Pacific Charter School Development joined this discussion: James Heugas, Project Manager, and Tina Lin, Finance Director. T. Lin presented and explained a chart visualizing the components, relationships, and roles of new and existing entities involved in the development and funding of the 407 Main Street project in Watsonsville, CA.  She reviewed funding sources, amounts, timelines, various costs, lease deposits, legal fees, tax credits, and investment thresholds.

K. Sved reviewed current and potential enrollment numbers for Watsonville Prep School and issues impacting the figures.

J. Heugas reviewed design and construction estimates, the development of a guaranteed maximum price for contracting, and successful project approval by the City of Watsonville. 

K. Sved concluded the discussion by enumerating key benefits of the project for Navigator Schools and families. He also provided additional details, including next steps and future board actions, regarding the formation of a new non-profit organization to support the 407 Main Street project.