Charter Status 1 1999 - Charter Technical Career Center Legislation - - PowerPoint PPT Presentation

Charter Status

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• 1999 - Charter Technical Career Center Legislation
• Consortium Agreement with DBCC, VCSB, & FCSB
• 2001 - ATC Charter Established
• Lease Agreement between VCSB and DBCC
• 2006 - Charter renewed
• 2009 – School Districts’ Funding Ends

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• 2011 - Charter extended for two years

June 30 2013 Charter expires unless renewed

• June 30, 2013 - Charter expires unless renewed

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1400 1600 800 1000 1200 VOLUSIA 200 400 600 FLAGLER DSC

• School Accountability
• Career and Technology Education Academies

State B dget C ts

• State Budget Cuts
• District Budget Cuts

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• Demographic, Enrollment & Instructional

D li Ch Delivery Changes

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• Charter sponsors’ CEOs have been discussing

ibl i i S 2011 possible actions since Summer 2011, including nonrenewal/termination of charter.

• Consortium Agreement Section 9 addresses

termination and alternative methods for asset distribution, liability assumption, and i investment recoupment.

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• Premise – Recognition of limited resources
• No cash exchange
• DSC receives ownership and all responsibilities

and liabilities associated with “ATC” parcel which l d l b ld includes approximately 25 acres, building, furniture, fixtures and equipment.

• Ownership represents recoupment of DSC’s entire

vested interest and is limited to use by DSC for d i d i l l postsecondary operations and curriculum only.

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• VCSD retains ownership of remaining acreage,

approximately 75 acres, which includes access, pp y , , drainage and utility easements to “ATC” parcel.

• VCSD and FCSD vested interests are addressed

with future sale of remaining land. Sale date uncommitted and determined solely by VCSD.

• DSC has first right of refusal to purchase

remaining land at market value at such time that g VCSD determines to sell property.

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DRAFT FOR DISCUSSION

January VFATC Advisory Board notified of

• January - VFATC Advisory Board notified of

June 30, 2013 charter expiration and sponsor discussions discussions.

• March - Presentations to Sponsors and

VFATC Board regarding possible termination. Spring Document preparations

• Spring – Document preparations.
• May -

Final Authorization by each Sponsor. y y p

• June -

Dissolutionment & Closing.

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