Rochester STEM Academy

District #4204

SPECIAL BOARD MEETING MINUTES

Feb. 1, 2012 4:00 p.m.

Rochester STEM Academy 415 16th St. SW, Rochester, MN

Call to order: Jill Leet-Otley called the meeting to order at 4:05 p.m.

Board Members Present: Jill Leet-Otley, Mohamoud Hamud, Farhan Hussein, Abdulkadir Abdalla, Siyad Lohos

Absent: Louise Covert

Others present: Katie Cannons (school director)

School Vision:

Rochester STEM Academy will fully immerse its students in STEM through creating and implementing a school culture that ensures that its students become both confident and skilled in related higher educational and employment opportunities.

School Mission Statement:

The mission of Rochester STEM Academy is to provide a highly supportive and safe learning environment that prepares Rochester’s students for higher education and employment in STEM (Science, Technology, Engineering, and Mathematics) professions through a challenging program emphasizing creativity, inquiry, experimentation, accountability, ongoing assessments, college-preparation and high academic achievements.

Approval of the agenda: Motion to approve-No objections- Unanimously approved.

Charter School Capital Proposal: The board discussed at length the proposal to secure a loan with Charter School Capital. We selected Katie Cannons (director), Mohamoud Hamud (vice chair), Farhan Hussein (treasurer), and Jill Leet-Otley (chair) to serve as Authorized Officers for all financial dealings with Charter School Capital. We voted unanimously to approve the Acknowledgement Resolutions provided by Charter School Capital in order to start the loan process. The approved Resolutions are attached to these minutes. Hamud cautioned that we need to have specific monetary amounts and dates in the final documents that we sign in order to protect ourselves financially.

Ø  Board Motions/Actions

Motion: To approve the Acknowledgement Resolutions with the designated officers listed above in order to secure a loan with Charter School Capital.
Made by: Jill Leet-Otley / Seconded by: Farhan Hussein
Discussion:
Vote: / Yea: 5 / Nay: 0 / Abstain: 0
Decision: Approved unanimously
Motion: To accept the letter of resignation of board member Louise Covert
Made by: Farhan Hussein / Seconded: Mohamoud Hamud
Discussion:
Vote: / Yea: 5 / Nay: 0 / Abstain: 0
Decision: Approved unanimously

Attachment: Acknowledgement Resolutions

Comments from Community Members: None.

Meeting Adjourned: at 5:28 PM

Respectfully submitted by Jill Leet-Otley, STEM Academy, Board Chair and Acting Secretary