TEACH Public Schools
Minutes
Special Board Meeting
Date and Time
Wednesday November 6, 2019 at 6:00 PM
Location
1846 W. Imperial Hwy. Los Angeles, CA 90047
THE ORDER OF BUSINESS MAY BE CHANGED WITHOUT NOTICE
Notice is hereby given that the order of consideration of matters on this agenda may be change without prior notice.
REASONABLE LIMITATIONS MAY BE PLACED ON PUBLIC TESTIMONY
The Governing Board’s presiding officer reserves the right to impose reasonable time limits on public testimony to ensure that the agenda is completed.
REASONABLE ACCOMMODATION WILL BE PROVIDED FOR ANY INDIVIDUAL WITH A DISABILITY
Pursuant to the Rehabilitation Act of 1973 and the American with Disabilities Act of 1990, any individual with a disability who requires reasonable accommodation to attend or participate in this meeting of the Governing Board may request assistance by contacting TEACH Public Schools during normal business hours at as far in advance as possible, but no later than 24 hours before the meeting.
FOR MORE INFORMATION
For more information concerning this agenda or for materials relating to this meeting, please contact TEACH Public Schools, 1846 W. Imperial Highway. Los Angeles, CA 90047; phone: 323-872-0808; fax 323-389-4898.
www.teachpublicschools.org
Remote Board Meeting Participants
Teleconference: 712-451-0409
Access Code: 800073#
Notice is hereby given that the order of consideration of matters on this agenda may be change without prior notice.
REASONABLE LIMITATIONS MAY BE PLACED ON PUBLIC TESTIMONY
The Governing Board’s presiding officer reserves the right to impose reasonable time limits on public testimony to ensure that the agenda is completed.
REASONABLE ACCOMMODATION WILL BE PROVIDED FOR ANY INDIVIDUAL WITH A DISABILITY
Pursuant to the Rehabilitation Act of 1973 and the American with Disabilities Act of 1990, any individual with a disability who requires reasonable accommodation to attend or participate in this meeting of the Governing Board may request assistance by contacting TEACH Public Schools during normal business hours at as far in advance as possible, but no later than 24 hours before the meeting.
FOR MORE INFORMATION
For more information concerning this agenda or for materials relating to this meeting, please contact TEACH Public Schools, 1846 W. Imperial Highway. Los Angeles, CA 90047; phone: 323-872-0808; fax 323-389-4898.
www.teachpublicschools.org
Remote Board Meeting Participants
Teleconference: 712-451-0409
Access Code: 800073#
Directors Present
J. Lobdell (remote), K. Piazza (remote), L. Butler (remote), L. Castillo (remote), S. Tucker (remote)
Directors Absent
A. Dragon, S. Burrows
Guests Present
Jessica Shaham, John Phan, M. Brown (remote)
I. Opening Items
A.
Call the Meeting to Order
L. Butler called a meeting of the board of directors of TEACH Public Schools to order on Wednesday Nov 6, 2019 at 6:00 PM.
B.
Record Attendance and Guests
C.
Public Comment
II. CONSENT ITEMS
A.
Consent Items
III. ITEMS SCHEDULE FOR INFORMATION & POTENTIAL ACTION
A.
Bond Transaction Summary
John Phan of Urban Futures presented to the TEACH Board of Directors a summary powerpoint of the 2019 bond transaction.
B.
2019 Bond Financing TEACH Inc. Board Resolution
S. Tucker made a motion to Adopt the TEACH Inc. Resolution of the Board of Directors for the 2019 Board Financing.
L. Castillo seconded the motion.
The board VOTED unanimously to approve the motion.
Roll Call | |
---|---|
S. Tucker |
Aye
|
A. Dragon |
Absent
|
J. Lobdell |
Aye
|
K. Piazza |
Aye
|
S. Burrows |
Absent
|
L. Castillo |
Aye
|
L. Butler |
Aye
|
Mr. Brown & Ms. Shaham presented the 2019 Bond Financing Resolution to the board.
C.
Bond Purchase Agreement
Mr. Brown & Ms. Shaham presented the 2019 Bond Purchase Agreement to the board.
S. Tucker made a motion to Approved the 2019 Bond Purchase Agreement.
L. Castillo seconded the motion.
The board VOTED unanimously to approve the motion.
Roll Call | |
---|---|
K. Piazza |
Aye
|
J. Lobdell |
Aye
|
A. Dragon |
Absent
|
S. Tucker |
Aye
|
S. Burrows |
Absent
|
L. Butler |
Aye
|
L. Castillo |
Aye
|
D.
CSFA Loan Agreement
Mr. Brown & Ms. Shaham presented the CFSA Loan Agreement to the board.
S. Tucker made a motion to Approve the CSFA Loan Agreement.
L. Castillo seconded the motion.
The board VOTED unanimously to approve the motion.
Roll Call | |
---|---|
L. Castillo |
Aye
|
J. Lobdell |
Aye
|
A. Dragon |
Absent
|
S. Tucker |
Aye
|
K. Piazza |
Aye
|
L. Butler |
Aye
|
S. Burrows |
Absent
|
E.
CCFSA 2019 Indenture
Mr. Brown & Ms. Shaham presented the CFSA 2019 Indenture to the board.
K. Piazza made a motion to Approve the CFSA 2019 Indenture.
S. Tucker seconded the motion.
The board VOTED unanimously to approve the motion.
Roll Call | |
---|---|
K. Piazza |
Aye
|
S. Burrows |
Absent
|
S. Tucker |
Aye
|
A. Dragon |
Absent
|
L. Castillo |
Aye
|
J. Lobdell |
Aye
|
L. Butler |
Aye
|
F.
Supplemental Master Indenture For Obligation No. 2
Mr. Brown & Ms. Shaham presented the Supplemental Master Indenture For Obligation No. 2 to the board.
J. Lobdell made a motion to Approve the Supplemental Master Indenture For Obligation No. 2.
L. Castillo seconded the motion.
The board VOTED unanimously to approve the motion.
Roll Call | |
---|---|
L. Castillo |
Aye
|
K. Piazza |
Aye
|
S. Tucker |
Aye
|
J. Lobdell |
Aye
|
A. Dragon |
Absent
|
S. Burrows |
Absent
|
L. Butler |
Aye
|
G.
Preliminary Limited Offering Memorandum (PLOM)
Mr. Brown & Ms. Shaham presented the Preliminary Limited Offering Memorandum to the board.
J. Lobdell made a motion to Approve the Preliminary Limited Offering Memorandum (PLOM).
S. Tucker seconded the motion.
The board VOTED unanimously to approve the motion.
Roll Call | |
---|---|
S. Tucker |
Aye
|
A. Dragon |
Absent
|
S. Burrows |
Absent
|
K. Piazza |
Aye
|
L. Butler |
Aye
|
J. Lobdell |
Aye
|
L. Castillo |
Aye
|
H.
Appendix A
Mr. Brown & Ms. Shaham presented the 2019 Bond Financing Resolution to the board.
J. Lobdell made a motion to Approve Appendix A.
S. Tucker seconded the motion.
The board VOTED unanimously to approve the motion.
Roll Call | |
---|---|
L. Butler |
Aye
|
S. Tucker |
Aye
|
L. Castillo |
Aye
|
J. Lobdell |
Aye
|
S. Burrows |
Absent
|
K. Piazza |
Aye
|
A. Dragon |
Absent
|
I.
Approval of the TEACH Tech Lease
Mr. Brown & Ms. Shaham presented the TEACH Tech Lease to the board.
J. Lobdell made a motion to Approve the TEACH Tech Lease.
K. Piazza seconded the motion.
The board VOTED unanimously to approve the motion.
Roll Call | |
---|---|
S. Burrows |
Absent
|
A. Dragon |
Absent
|
J. Lobdell |
Aye
|
L. Castillo |
Aye
|
K. Piazza |
Aye
|
L. Butler |
Aye
|
S. Tucker |
Aye
|
J.
Approval of the TEACH Prep Lease
Mr. Brown & Ms. Shaham presented the TEACH Prep Lease to the board.
J. Lobdell made a motion to Approve the TEACH Prep Lease.
K. Piazza seconded the motion.
The board VOTED unanimously to approve the motion.
Roll Call | |
---|---|
K. Piazza |
Aye
|
A. Dragon |
Absent
|
J. Lobdell |
Aye
|
S. Burrows |
Absent
|
L. Castillo |
Aye
|
L. Butler |
Aye
|
S. Tucker |
Aye
|
K.
Approval of the TEACH Academy Lease
Mr. Brown & Ms. Shaham presented the TEACH Academy Lease to the board.
J. Lobdell made a motion to Approve the TEACH Academy Lease.
S. Tucker seconded the motion.
The board VOTED unanimously to approve the motion.
Roll Call | |
---|---|
J. Lobdell |
Aye
|
K. Piazza |
Aye
|
A. Dragon |
Absent
|
S. Tucker |
Aye
|
L. Butler |
Aye
|
S. Burrows |
Absent
|
L. Castillo |
Aye
|
IV. Closing Items
A.
Upcoming Meetings
B.
BOARD MEMBER COMMENTS
C.
Adjourn Meeting
There being no further business to be transacted, and upon motion duly made, seconded and approved, the meeting was adjourned at 7:03 PM.
Respectfully Submitted,
L. Butler
-2019 Bond Financing TEACH Inc. Board Resolution
-Bond Purchase Agreement
-CSFA Loan Agreement
-CFSA 2019 Indenture
-Supplemental Master Indenture For Obligation No. 2
-Preliminary Limited Offering Memorandum (PLOM)
-Appendix A
-Approval of the TEACH Tech Lease
-Approval of the TEACH Prep Lease
-Approval of the TEACH Academy Lease