12/7/18 GC Minutes

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Governance Council Emergency Meeting Minutes

December 7, 2018
Members Present: Virginia Trujillo, President
Art Silva, Vice President
Kathy Webb, Secretary
Evelyn Dow, Member
Elizabeth Piazza, Member
Victoria Tafoya, Member

Member Absent: Phillip Sapien, Member
Guests: Mary Tarango, Principal
Robert Fuentes, Legal Counsel
Michael Vigil, Business Manager
Marc Chaves, Vice-President, Cutler Foundation
Hugo Sanchez, Treasurer, Cutler Foundation
Rita Hirschy, Guest

Governance Meeting Called to Order by Virginia Trujillo at 4:38 PM
Roll Call

 Quorum met.
Approval of Agenda

 Motion to approve agenda —Elizabeth Piazza
2 nd —Victoria Tafoya
Motion Approved

Open Forum: N/A
Review of Bond Sale Documents
Legal Counsel Robert Fuentes explained that although 21 st Century Public Academy is
not directly involved with the bonds, it is in a contractual agreement with the Cutler
Charitable Foundation. Mr. Fuentes presented and explained the Bond Sale
Documents:

1. Preliminary Official Statement
2. Appendix A
3. Covenant Agreement
4. Assignment of Covenant Agreement
5. Bond Purchase Agreement
6. SNDA
7. Continuing Disclosure Agreement
(All of the above documents are included)

Resolution 12-7-18-1 Public Finance Authority Lease Revenue Bonds (copy included)

 Motion to Approve—Art Silva
2 nd —Elizabeth Piazza
Motion Approved

Resolution 12-7-18-2 Accept Conditions of Cutler Charitable Foundation (copy included)

 Motion to Approve—Kathy Webb
2 nd — Victoria Tafoya
Motion Approved

Principals Report
Mary Tarango Reported
o Upcoming fundraisers: Barnes & Noble and Journal Subscription.
o The last date for Holiday release is December 20.
o The PTA Drop & Shop date is Friday, December 14.
o Ms Fritz resignation and that the Vigil Group is taking over that role
o There will be a hiring of an assistant principal and a bookkeeper.

Next Meeting: December 17 th
Motion to Adjourn

Motion to Approve—Victoria Tafoya
2 nd —Elizabeth Piazza
Motion Approved
Meeting Adjourned at 7:00 PM