Sep 20, 2023 Board Meeting - Study Session

[00:00:03]

OKAY. ALL RIGHT.

SO WE'RE GOING TO START WITH SEPTEMBER 20TH REGULAR MEETING.

WE START WITH ROLL CALL FIRST.

[1.01 Roll Call]

OKAY. BOARD PRESIDENT SHIN LIU HERE.

BOARD VICE PRESIDENT.

SANDRA SALAZAR.

ABSENT. ABSENT.

SHE'S ONLINE ON ZOOM.

TRUSTEE. SALAZAR. CAN YOU HEAR ME? RIGHT BOARD CLERK MARIANA PACHECO HERE.

TRUSTEE JAMES CODY BIRKEY PRESENT TRUSTEE.

DON GREEN PRESENT TRUSTEE.

ZURICH LEWIS IS ABSENT.

TRUSTEE MARISA PEREZ STUDENT TRUSTEE.

JACKIE STONE SCOTT PRESENT PRESIDENT.

SUPERINTENDENT FIERRO PRESENT.

ALL RIGHT IT. DR.

TRUSTEE SALAZAR.

YEAH. SORRY I'M HERE. I COULDN'T UNMUTE MYSELF.

THANK YOU, PRESIDENT.

ALL RIGHT, SO LET'S DO THE PLEDGE OF ALLEGIANCE.

[1.02 Pledge of Allegiance]

RIGHT HAND OVER YOUR HEART. PLEDGE ALLEGIANCE TO THE FLAG OF THE UNITED STATES OF AMERICA AND TO THE REPUBLIC FOR WHICH IT STANDS ONE NATION UNDER GOD, INDIVISIBLE, WITH LIBERTY AND JUSTICE FOR ALL.

[1.03 Agenda Organization]

WE JUST HAVE FEW. SO PROBABLY.

ALL RIGHT. SO WE WE WILL NOT.

YOU HAVE. OKAY.

SO THE COMMENT FROM AUDIENCE.

[1.04 Comments from the Audience]

OKAY. THIS PUBLIC COMMENT IS FROM THOMAS BUSS.

REGARDING THE DISTRICT'S REDISTRICTING PLAN.

WHAT WOULD MAKE MORE SENSE LONG TERM IS ANNEXING THE CERRITOS COLLEGE DISTRICT TO THE LONG BEACH COMMUNITY COLLEGE DISTRICT AND OPERATING CERRITOS COLLEGE AS A CAMPUS OF LONG BEACH CITY COLLEGE WITH ITS CHANCELLOR UNDER A COMMON PRESIDENT.

THIS WILL ALLOW THE DISTRICT TO GAIN COST EFFICIENCIES AND ADMINISTRATION WHILE GROWING CORE PROGRAMS SUCH AS NURSING.

A SIMILAR ARRANGEMENT ALREADY EXISTS IN SAN MATEO COUNTY, WHICH OPERATES THREE COLLEGES UNDER A SINGLE GOVERNING DISTRICT.

THANK YOU FOR THE REPORT.

ALL RIGHT. SO WE MOVE ON TO THE REPORT AND COMMENTS FROM THE CONSTITUENT GROUP.

[1.05 Reports and Comments from Constituent Groups]

DR..

GOOD EVENING, TRUSTEES.

AS SEPTEMBER WINDS DOWN, CCF CONTINUES TO WORK COLLEGIALLY WITH THE DISTRICT ON A VARIETY OF FOREFRONTS.

FIRST, CCF CONTINUES TO TRACK AND SHARE INFORMATION ON THE PART TIME HEALTH CARE BILL.

THIS LAST WEEK THERE HAS BEEN AN AMENDMENT TO THE PUBLIC EMPLOYEES MEDICAL AND HOSPITAL CARES ACT PMCA TO MAKE IT EASIER TO OFFER COMPREHENSIVE HEALTH CARE TO OUR PART TIME FACULTY ON THE CALPERS SYSTEM.

SECOND, CCF AND THE DISTRICT ARE HOSTING A JOINT EVALUATION PROCESS TRAINING OPEN TO ADMINISTRATION AND ALL FACULTY IN THE EFFORT TO SUPPORT ALL CONSTITUENTS INVOLVED IN THE PEER EVALUATION PROCESS FOR FACULTY.

WE'RE OPTIMISTIC ABOUT THE COLLEGIAL AND COLLABORATIVE NATURE OF THE RELATIONSHIP BETWEEN CCF AND THE DISTRICT AS WE ENTER INTO ANOTHER NEGOTIATING SESSION AND WE LOOK FORWARD TO SUNSHINING OUR 2427 CBA AT THE OCTOBER 18TH BOARD MEETING. THANK YOU.

THANK YOU FOR THE REPORT.

ERLINDA LOPEZ, CSC PRESIDENT.

SORRY, I'M SHORT. I CAN'T SEE THE LIGHT.

GOOD EVENING. BOARD OF TRUSTEES MEMBERS AND EVERYBODY PRESENT JOINING US IN PERSON AND ONLINE.

WE ARE GOING TO BE STARTING OUR TOWN HALL MEETING FOR THE FOUR ITEMS THAT CAME TO THE BOARD.

WE WILL BE GOING THROUGH OUR SIX TOWN PROCESS.

LUCKILY FOR US, OUR FIELD DIRECTOR HAS APPROVED THEM.

IT IS NOW GOING TO GO FOR RATIFICATION THROUGH OUR MEMBERSHIP.

ONCE WE HAVE THAT, THOSE FOUR ITEMS WILL BE READY FOR THE DISTRICT TO MOVE FORWARD.

SO WE'RE REALLY EXCITED TO GET THOSE THINGS UNDERWAY.

AND JUST AS A REMINDER, WE DO HAVE OUR HEALTH FAIR TOMORROW, SO I REALLY HOPE THAT OUR CLASSIFIED STAFF WILL BE ABLE TO BE THERE, SEE OUR VENDORS AND TAKE ADVANTAGE OF THE GREAT

[00:05:09]

GUTIERREZ AND HER HER OFFICE OF THE LONG TERM CARE.

SO WE ARE LOOKING AT THAT VERY CLOSELY, GETTING INFORMATION FROM THE STATE WITHIN CSA AND HOW THOSE ARE GOING TO IMPACT OUR MEMBERS.

SO WE'RE REALLY APPRECIATIVE THAT THIS IS BEING OFFERED TO US AND THE INFORMATION SESSIONS THAT WE'RE GETTING.

SO THANK YOU VERY MUCH FOR THE SUPPORT.

WE DO APPRECIATE THAT.

AND WE'RE NOT IN NEGOTIATIONS YET, SO EVERYTHING'S STILL GOOD RIGHT HERE, SO LET'S KEEP IT THAT WAY.

YEAH. OKAY.

OPEN SECTION AGENDA.

THE FIRST ONE WILL BE INSTITUTIONAL PRESENTATION HYFLEX CLASSROOM.

[2.01 Institutional Presentation: Hyflex Classrooms]

THIS IS JANET MITCHELL, LAMBERT AND ANDREA.

CAN YOU VERIFY THAT? EVERYBODY CAN SEE THE SLIDESHOW.

WE CAN. AWESOME.

THANK YOU. SO I WOULD LIKE TO SAY THANK YOU TO FELIPE FOR INVITING ME HERE TODAY.

THIS JOURNEY TO GET OUR HYFLEX CLASSROOMS ON CERRITOS GROUNDS HAS BEEN A LONG ONE AND IT HAS BEEN COLLABORATIVE AND COLLEGIAL AND WE'RE ALL EXCITED ABOUT IT.

SO I JUST WANT TO TAKE A MOMENT TO SHARE BRIEFLY WHAT HYFLEX IS, BECAUSE THAT'S THE REASON WHY WE HAVE THE NAME OF THE ROOMS. FACULTY INTEGRATE THREE MODALITIES WHEN THEY'RE TEACHING IN PERSON, REMOTE AND ONLINE SIMULTANEOUSLY TO IN ORDER TO HAVE THE EQUIVALENT OUTCOMES.

AND THERE IS SUPPORT GIVEN TO MAKE SURE THAT TITLE FIVE AND SECTION 508 ARE IN COMPLIANCE.

SO THE TWO MODALITIES THAT WE'RE FOCUSING ON FOR THESE HIGH FLEX ROOMS ARE ACTUALLY REMOTE AND IN-PERSON MODALITIES.

SO WHEN THE THE EMERGENCY HAPPENED WITH COVID AND WE WERE STARTING TO COME BACK TO CAMPUS, WE HAD OWL CAMERAS, WHICH WAS VERY EXCITING.

BUT THERE WERE SEVERAL PROBLEMS WITH THE OWL CAMERAS FOR THOSE, YOU KNOW, WE'RE TRYING TO DO BOTH THESE MODALITIES.

ONE WAS THAT IT WAS VERY TIME CONSUMING TO SET UP THE OWL CAMERA.

I WOULD COME IN AND IT WOULD TAKE ME 15 TO 20 MINUTES TO GET SET UP.

IT TAKES LONGER TO GET BROKEN BACK DOWN.

AND THEN THE CAMERAS WERE NOT THAT GREAT.

YOU JUST LOOK LIKE A LONG CAMERA IMAGE.

SO THOSE AT HOME REALLY COULDN'T SEE WHAT WAS GOING ON IN THE CLASSROOM AND WE COULDN'T SEE WHAT WAS GOING ON AT HOME.

IT WAS REALLY IMPOSSIBLE FOR STUDENTS TO INTERACT IN BOTH MODALITIES.

THERE WERE SEVERAL TECH BARRIERS WITH LACK OF SCREENS, WI-FI AND POWER PLUGS, AND THEN WE LACKED THE PROPER FURNITURE, FOR IT WAS VERY DIFFICULT TO MOVE FURNITURE AROUND. AND SO WE WANTED TO RECTIFY THOSE ISSUES SO THAT WE COULD ACTUALLY OFFER CLASSES THAT STUDENTS WERE WANTING TO TAKE.

SO WE HAD A JOURNEY TO IMPLEMENTATION.

OUR TEAM RESEARCHED THE POSSIBILITIES.

LATE IN THE FALL, FELIPE LOPEZ, ACADEMIC AFFAIRS ADMIN, THE TEAM AND I VISITED UC RIVERSIDE AND CSU LONG BEACH TO CHECK THEIR VARIOUS CLASSROOM SETUPS AND WITH THE GOAL OF IT BEING SIMPLE ENOUGH FOR FACULTY TO BE ABLE TO USE, BE SIMPLE ENOUGH THAT ANY IT PERSON COULD COME IN AND SUPPORT FACULTY AS NEEDED.

AND SO WE WANTED IT TO TO HAVE WHAT WE WANTED, BUT WE ALSO WANTED TO MAKE SURE THAT IT WAS EASY ENOUGH SO THAT FACULTY WOULD ACTUALLY USE THE TECHNOLOGY INCLUDED.

IN EARLY SPRING 2023, THE SAME GROUP WENT AROUND CAMPUS, CAMPUS AND IDENTIFIED CLASSROOMS. WE WERE LOOKING FOR LARGER CLASSROOMS AND ONES THAT ALREADY NEEDED TECH UPDATES.

LATE IN THE SPRING, THEY BEGAN TO FIT THE ROOMS WITH THE NEW TECHNOLOGY, WHICH WAS VERY EXCITING.

WE WEREN'T SURE. WE DIDN'T KNOW IF WE WERE GOING TO GET THESE ITEMS IN TIME AND THEN IN SUMMER AND FALL IT.

MONIQUE VALENCIA FROM THE CTA AND THE TEAM SUPPORT FACULTY ONBOARDING.

A BIG SHOUT OUT TO MONIQUE VALENCIA, WHO PUT TOGETHER A WONDERFUL LITTLE HANDOUT FOR FACULTY.

AND THEN MOVING FORWARD, THE GOAL IS TO UPDATE MORE ROOMS, A FEW ADDITIONAL BENEFITS IS THAT, AGAIN, THESE CLASSROOMS NEEDED THE TECH UPDATES ANYWAY.

AND WE ALSO WERE GOING TO INCLUDE A POTENTIAL FLOOR PLAN SO THAT FACULTY HAVE IDEAS OF DIFFERENT WAYS THAT THEY CAN UTILIZE IT, THE CLASSROOMS TO BENEFIT DIFFERENT GROUPINGS FOR STUDENTS AND INTERACTIONS.

THESE CLASSROOMS CAN BE USED BY TEACHERS WHO ARE REQUESTING TO TEACH HIGH FLEX CLASSES, BUT THEY CAN ALSO BE USED BY FACULTY WHO ARE INTERESTED IN IN INCLUDING

[00:10:07]

AND ANOTHER BIG SHOUT OUT TO IT.

THEY'VE BEEN WONDERFUL ABOUT COMING AND SUPPORTING.

I HAVE A WONDERFUL IT HELPER RIGHT HERE JUST IN CASE THERE'S ANY PROBLEM AND THEY ASSIST SHOWING FACULTY WHAT TO USE AND THEY'VE BEEN INCREDIBLE. UH, SO WHAT DO THE CLASSROOMS INCLUDE? SO I'M GOING TO SHOW YOU A LITTLE BIT, BUT I'M GOING TO GO THROUGH THE SLIDESHOW FIRST.

SO WE HAVE MULTIPLE SCREENS.

SO I HAVE A CAMERA.

I'M GOING TO LOOK DIRECTLY INTO THE CAMERA.

I HAVE A CAMERA HERE.

I'M JUST IT SHOULD FOLLOW ME HERE SO YOU'LL SEE ME WALK AROUND THE ROOM.

I DON'T HAVE TO STAY JUST IN THE FRONT.

I'M HERE AND I'LL SHOW YOU A LITTLE BIT MORE WHEN I TURN OFF THE SCREEN.

SHARE. THERE'S A SCREEN RIGHT UP ABOVE SO THE TEACHER DOESN'T HAVE TO JUST LOOK AT THE SCREEN HERE.

THEY CAN LOOK UP AT A VARIETY OF SCREENS.

THERE'S DUAL SCREENS WHERE THERE'S ONE SCREEN WHERE YOU CAN SEE THE PEOPLE WHO ARE ON ZOOM AND ANOTHER SCREEN WHERE YOU CAN SEE THE SLIDESHOW OR ANYTHING ELSE YOU WANT TO SHOW.

THIS IS AN EXAMPLE JUST FROM THE OTHER DAY, FROM THE ROOM THAT I'M IN, WHICH IS A 103.

SO YOU SEE THE SCREEN UP ABOVE, YOU SEE THE TWO SCREENS DOWN HERE, AND HERE IS JAVIER BANUELOS SHOWING ME WHAT HE'S WHAT HE SEES.

UH, WE ALSO HAVE A NICE SIMPLE PUSH PUSH BUTTON PANEL.

AND WHAT'S GREAT IS WE KNOW WHAT THE BUTTONS STAND FOR SO WE CAN GO IN, PUSH IT, AND INSTEAD OF TAKING 15 TO 20 MINUTES TO GET SET UP, IT TAKES REALLY ONLY 2 OR 3, WHICH IS A MASSIVE CHANGE IN TIME.

THERE'S ALSO THE CAPACITY TO MARK UP PDFS.

I'M NOT GOING TO SHOW YOU THAT RIGHT NOW BECAUSE I DON'T WANT TO TAKE THE TIME.

BUT I DO WANT TO SHOW YOU THIS WAS JUST FROM THE OTHER DAY, AND YOU CAN SEE THAT YOU CAN BRING UP A PDF AND YOU CAN ACTUALLY PUT YOUR FINGER RIGHT ON THE SCREEN ITSELF AND ACTUALLY MARK IT UP.

SO IF YOU WANT TO DO THAT, OR YOU CAN USE A PENCIL, A COMPUTERIZED TECH PENCIL, WE ALSO GOT NEW TABLES FOR CERTAIN ROOMS, TABLES THAT COULD BE EASILY MOVED AND SO THAT IT'S FAST AND EASY FOR STUDENTS TO MOVE.

AND WE COULD ALSO GET RID OF THE FURNITURE, MOVE IT OUT OF THE WAY AS NEEDED.

THE SAME WITH THE CHAIRS.

AND THEN A BIG THING THAT WE FELT WAS REALLY IMPORTANT AND I WILL SHOW YOU HERE IS WE HAVE A PLUG IN BECAUSE STUDENTS BRING THEIR COMPUTERS, TABLETS, PHONES WITH THEM, AND THEY NEED TO BE ABLE TO PLUG IN.

AND SO WE NEED TO HAVE A VARIETY OF THESE PLUGS AVAILABLE FOR THEM.

ONE OF THE FUN TOYS THAT WE GOT FOR LC 155 IS THIS CATCH BOX SO THAT THOSE PEOPLE WHO ARE ON ZOOM CAN ACTUALLY HEAR WHAT PEOPLE ARE SAYING. SO YOU THROW THE CATCH BOX, IT'S VERY LIGHT, SOMEBODY CATCHES IT, THEY ANSWER A QUESTION AND THEN THEY CAN THROW IT TO SOMEBODY ELSE.

VERY SAFE, VERY FUN.

AND THEN PEOPLE CAN HEAR WHAT IS GOING ON.

SO WHAT'S BEEN ACCOMPLISHED SO FAR IS WE HAVE THESE NEW HIGH FLEX ROOMS HERE.

SO I'M NOT GOING TO READ ALL ALL THE NUMBERS TO YOU, BUT WE HAVE SEVERAL ROOMS THAT HAVE BEEN OUTFITTED AND THEN WE HAVE SOME FUTURE HIGH FLEX ROOMS. AND I HAVE FACULTY EMAILING ME EVERY WEEK ASKING ME WHEN ARE WE GOING TO GET MORE HIGH FLEX ROOMS? I WANT TO BE ABLE TO TEACH HIGH FLEX, BUT I DON'T HAVE A ROOM AVAILABLE.

AND SO THERE'S A BIG DEMAND FOR THOSE.

AND WHAT'S BEEN EXCITING IS JUST LIKE WE WENT TO GO AND VISIT THE TWO UNIVERSITIES.

WE'VE HAD NORWALK, LA MIRADA COME AND VISIT US TO SEE OUR LAYOUT AND TRAINING IS AVAILABLE FOR BEST PRACTICES FOR HIGH FLEX AND THE USE OF THESE PARTICULAR ROOMS. AGAIN, A SPECIAL THANKS TO ALL THESE PEOPLE HERE WHO HELP TO SUPPORT THESE HIGH FLEX ROOMS AND WHO CONTINUE TO HELP SUPPORT.

AND WE ARE ASKING FOR FACULTY FEEDBACK SO THAT WE KNOW WHAT THEY LIKE.

AND IF THERE'S ANYTHING IN THE FUTURE THAT THEY WANT TO ADD.

AND SO OUR IT SUPERSTARS HAVE BEEN PATRICK O'DONNELL AND JAVIER BANUELOS.

THEY'VE BEEN AMAZING.

AND SO I JUST WANTED TO GIVE A SPECIAL THANK YOU TO THEM AND THEN I AM GOING TO STOP SHARING.

I WILL ANSWER QUESTIONS IN A MINUTE BECAUSE I WANT TO SHOW YOU JUST A COUPLE MORE ASPECTS HERE.

SO I'M STOPPING THE SHARE HERE.

AND I'M GOING TO SHOW YOU.

FEEL LIKE IT TOOK ME A MINUTE TO REALIZE WHY THIS IS A REMOTE PRESENTATION.

ALL RIGHT. SORRY. SHE'S IN ONE OF OUR HYFLEX CLASSROOMS. IT'S KIND OF. IT'S NEAT BEING IN THE ROOM, AND IT'S ALSO NEAT BEING ON THE SCREEN.

AND I'M LOOKING FOR.

[00:15:02]

IT'S HIDING FOR ME HERE.

SO I'M GOING TO SHOW YOU A DIFFERENT VIDEO.

SO YOU'RE SEEING ME HERE.

I WANT YOU TO SEE THAT THE CAMERA WILL FOLLOW ME ACROSS THE ROOM SO I CAN POINT SOMETHING OUT.

I CAN EVEN GO OVER HERE.

HERE'S THE SLIDE SHOW AGAIN THAT'S STILL SHOWING ON THE SCREEN.

GO ALL THE WAY ACROSS THE ROOM AND IT'S GOING TO CONTINUE TO FOLLOW ME.

AND YOU CAN STILL SEE ME, UNLIKE THE CAMERA.

SO YOU'RE SEEING ME AS A BIG RECTANGLE AS OPPOSED TO A SMALL, LITTLE SKINNY LINE.

SO I WANT TO SHOW YOU ALSO LET'S LOOK AT THERE'S ANOTHER CHOICE HERE.

SO THIS ONE, THIS SHOWCASES THE ROOM AND THE STUDENTS IN THE ROOM.

SO THE STUDENTS IN THE ROOM AND THOSE WHO ARE ON ZOOM CAN ACTUALLY TALK TO ONE ANOTHER.

AND YOU'RE SEEING BOTH THE CAMERAS THERE AS WELL.

SEE. EXCUSE ME.

AND THEN.

HERE WE GO. SO I WROTE SOMETHING ON THE BOARD JUST BEFORE WE CAME IN.

A LITTLE MATH PROBLEM HERE.

YOU CAN ACTUALLY WRITE ON THE BOARD AND ACTUALLY SEE IT.

YOU CAN CHANGE WHAT'S BEING WRITTEN HERE.

AND THAT WAY FACULTY WHO WANT TO ACTUALLY WRITE ON THE BOARD CAN AND WILL.

REALLY QUICKLY AND EVEN ON A PHONE.

WE CHECKED IT OUT.

EVEN ON A PHONE, YOU COULD READ WHAT WAS ON THE BOARD, WHICH WAS OUTSTANDING.

SO WITH THAT, I WOULD LIKE TO ASK IF THERE ARE ANY QUESTIONS.

JUST FOR CONTEXT, WHAT YOU SEE RIGHT THERE IS ACTUALLY A CAMERA THAT POINTS A SEPARATE CAMERA THAT POINTS TO THE WHITEBOARD AND THE PROGRAM, THE SOFTWARE.

REMOVES THE PERSON AND COMPLETES THE WHITEBOARD IN THE BACKGROUND SO YOU CAN ONLY SEE WHAT THE TEACHER IS WRITING.

AND SO ON THAT CAMERA, AS YOU SEE, IT'S NOT JUST THE SOFTWARE, BUT THE QUALITY OF THE CAMERA.

THE OTHER PART THAT YOU PROBABLY SEE IS THE JANET IS NOT WEARING A LAPEL MIC.

THERE IS A MIC THAT IS MOUNTED ON THE ROOF OF THE CLASSROOM.

THERE IS A VERY, VERY HIGH SENSITIVITY MIC.

THERE IS A LAPEL MIC IF YOU WANTED TO USE IT, BUT FOR THE MOST PART, THE SOUND WILL BE PICKED UP VERY EASILY BY THE SPEAKER.

THE CAMERA, THE SHE'S POINTING THERE.

OBVIOUSLY, IT'S NOT YOU CAN'T SEE IT, BUT THE CAMERA IS A CAMERA THAT IS POINTING STRAIGHT UP TO THAT WHITE PIECE OF THE WHITEBOARD.

SO THE ENTIRE ROOM CAN BE USED.

FOR TEACHING RATHER THAN WHEN YOU HAVE A TECHNOLOGY IN THE ROOM.

SOMETIMES YOU CAN NOT USE THE TRADITIONAL INFRASTRUCTURE OF IT.

ON THE SIDES OF THE ROOM.

THERE ARE OTHER WHITEBOARDS AND SOME WRITING WALLS THAT YOU PROBABLY CAN'T SEE HERE, BUT MAYBE JANET WILL GO THE OPPOSITE DIRECTION AND IT WILL SHOW YOU.

SO THERE ARE SOME THAT ARE EQUIPPED WITH THOSE SPECIFIC WHITEBOARDS AND THERE ARE OTHERS THAT ARE SPECIFICALLY EQUIPPED WITH LIKE GLASS THAT YOU CAN WRITE ON IT.

BUT ESSENTIALLY IT'S TO GIVE THE INSTRUCTOR THE ABILITY TO DO BREAK BREAKOUTS OR TO UTILIZE DIFFERENT TEACHING SPACES AS AS THEY WORK THE ENTIRE THING.

JANET WAS ONE OF THE LEAD FACULTY SELECTING THE TECHNOLOGY, WORKING ON IT, TRAINING, LEARNING IT.

THEY DID A FANTASTIC JOB SELECTING WHAT WHAT WE NEEDED AND WHAT IT COULD WORK FOR US.

UM, THOSE ROOMS ARE ESSER STATE OF THE ART AS YOU CAN BE WITH TECHNOLOGY.

PROBABLY BY TOMORROW THERE WILL BE SOMETHING NEW OR BETTER AND HALF OF THE PRICE.

BUT. BUT AS OF RIGHT NOW IS THE BEST THAT YOU CAN ACTUALLY GET, FUNCTION WISE, QUALITY AND FUNCTIONALITY, WHICH IS WHAT WE WERE LOOKING FOR.

SO FELIPE DOES IT TO YOU.

AND ANY QUESTIONS ANYONE HAS.

SHE'S ACTUALLY QUITE JUST ON THE DOWN THE HALLWAY.

I HAVE A QUESTION.

SO I. I SAW YOU DIDN'T USE MIC BECAUSE THE MIC DOCTOR PIERRO EXPLAINED THE MIC IS ON TOP OF THE THE CEILING FOR EVERYBODY TO USE. SO WHY THE STUDENTS STILL NEED TO THROWING THE MIC AROUND.

WHY? SO I CAN ANSWER THAT REAL QUICKLY SO THAT THAT ONE MIC, THE CATCH BIN IS ONLY PARTICULARLY IN ONE CLASSROOM THAT IS THE LC

[00:20:03]

SO WE WE DID NOT HAVE THE ABILITY TO ACTUALLY PUT A MIC SPEAKER INTO THAT.

SO WE HAD TO UTILIZE A DIFFERENT OPTION.

SO WHEN WE ACTUALLY VISITED UCR AND LOOKED AT THE NUMBER OF THEY ACTUALLY HAD AND STANDARD BASED ON THE SIZE OF THE CLASSROOM.

SO WE ADOPTED THAT SAME MODEL.

THE LARGER CLASSROOMS, YOU HAVE TO YOU HAVE TO ADJUST THAT ABILITY.

YOU'RE NOT GOING TO BE ABLE TO UTILIZE A A CEILING TILE MICROPHONE IN THOSE TYPE OF BUILDING ROOMS THAT ARE HAVE MASSIVE MULTI, YOU KNOW, 100 PLUS STUDENTS IN THEM AND PLUS THE CEILING ELEVATED REALLY HIGH.

SO IT DIDN'T HAVE THE ABILITY TO DO THAT.

SO THAT'S WHY WE ADOPTED THE CATCH BOX IN THAT PARTICULAR SCENARIO.

SO THAT CATCH BOX IS ONLY CURRENTLY IN ONE OF OUR HIGH FLEX CLASSROOMS. THE OTHER ONES ARE THE TYPICAL STANDARD THAT JANET IS DEMONSTRATING TO YOU TODAY.

OKAY. SO IN A REGULAR SIZE, LIKE A SIZE OF 35 OR 40, THAT TYPE OF CLASSROOM, JUST USE HOW DO YOU STILL NEED TO HAVE A CEILING? SPEAKER ALL OF OUR WE DON'T USE ANY OWLS.

SO WHAT WHAT WHAT THE TECHNOLOGY IS IN THERE.

SO WE HAVE A STANDARD. WE USE TWO STANDARD PROJECTORS.

WE HAVE A CAMERA THAT'S FACING THE INSTRUCTOR.

WE ALSO HAVE A CAMERA THAT'S MOUNTED IN THE FRONT OF THE CLASSROOM FACING THE STUDENTS.

AND THEN WE ALSO HAVE A THIRD CAMERA THAT IS ON THE FACING THE BOARD ITSELF.

YEAH, SO THERE'S FOUR.

THERE ARE FOUR.

SO HERE'S ONE.

HERE'S ANOTHER ONE OVER HERE.

THE THIRD ONE WAS FOLLOWING ME AROUND THAT LITTLE ONE.

AND THEN THERE'S ONE DIRECTLY ON THE BOARD THAT I TRIED TO POINT TO, BUT IT'S NOT SHOWCASING IT BECAUSE I'M TOO SHORT.

WOW. AS A TECHNOLOGY TEACHER, I REALLY LOVE THIS ENVIRONMENT.

YEAH. GOOD.

THANK YOU. YEAH.

AND AND THEN THE CEILING SPEAKER.

YOU ACTUALLY CAN'T REALLY TELL WITH IT BECAUSE WE ACTUALLY INCORPORATE IT'S A SIZE OF ONE OF THESE CEILING PANELS.

AND SO WE ACTUALLY JUST REMOVED THE CEILING PANEL AND INCORPORATE THE ACTUAL MICROPHONE IN THERE.

AND SO, SO IT'S PRETTY NEAT, SEAMLESS PROCESS ON THERE.

SO AS YOU CAN SEE THERE, YOU CAN SEE THE TWO PROJECTORS.

YOU CAN ALSO SEE THE CAMERA THERE THAT FACES THE FACULTY MEMBER IN THE FRONT ON THERE.

SO THANK YOU.

THIS IS GREAT FOR STUDENT.

YOU KNOW, IT'S JUST GREAT TO FIT IN TODAY'S ENVIRONMENT BECAUSE SOME STUDENTS COME IN LATE, SOME STUDENTS CANNOT COME.

BUT NO MATTER WHAT, THE MATERIAL WILL BE THERE AND ONLINE FOR THEM TOO.

GREAT. THANK YOU. THANK YOU.

ANYONE WHO HAS A QUESTION.

OKAY. I HAVE A COUPLE OF QUESTIONS.

THANK YOU VERY MUCH FOR THE PRESENTATION.

IT'S REALLY INTERESTING, REALLY EXCITING TECHNOLOGY.

I GUESS I'M STILL STRUGGLING WITH THE MODALITIES BECAUSE, AGAIN, I JUST NOT THIS IS NOT MY AREA, SO IT LOOKS RIGHT.

ON YOUR FIRST SLIDE, IT MENTIONS WE HAVE THREE MODALITIES RIGHT NOW, SO IT'S IN-PERSON, REMOTE AND ONLINE ASYNCHRONOUS.

I'M MOST FAMILIAR WITH ONLINE.

ASYNCHRONOUS BECAUSE THAT'S WHAT MY KIDS DO FOR DOLE AROMA.

THAT'S WHEN JUST THE PROFESSOR HAS A, YOU KNOW, USE CANVAS AND THE STUDENTS WORK ON THEIR OWN AND THEY SUBMIT EVERYTHING, RIGHT? SO THAT IN THIS SCENARIO, THIS TECHNOLOGY, HOW WOULD THAT APPLY TO THAT MODALITY? OKAY. SO TO UNDERSTAND THE THREE MODALITIES, I'M GOING TO TRY TO MAKE THIS AS SIMPLE AS POSSIBLE AND I'LL TRY TO LOOK THIS WAY.

SO YOU HAVE THE THREE MODALITIES SIMULTANEOUSLY, AND WE ENCOURAGE FACULTY TO START WITH THEIR FULLY ONLINE CLASS AND THEN PEEL OFF ACTIVITIES THAT THEY DO THE DAY OF CLASS FOR IN CLASS.

AND THEN THE THE STUDENTS CAN EITHER BE THE GOAL IS TO HAVE IT WHERE STUDENTS ARE IN PERSON, SOMETIMES THEY CAN'T MAKE IT.

AND SO THEY FOR WHATEVER REASON THAT THEY MIGHT HAVE IT MIGHT BE TRANSPORTATION, MAYBE THEY'RE SICK, MAYBE THERE'S, YOU KNOW, SOME ISSUE.

THEY CAN DO IT REMOTELY.

THE THIRD OPTION WOULD BE ASYNCHRONOUS, BUT IT'S NOT THE SAME ASYNCHRONOUS THAT YOU WOULD GET IN A NORMAL CLASS.

AND WHAT DO I MEAN BY THAT IS THAT IN MY ASYNCHRONOUS CLASSES THAT I'M TEACHING RIGHT NOW, I HAVE TWO DUE DATES.

[00:25:03]

SO THAT STUDENTS HAVE AN OPTION TO WORK ON THE WORK ANYTIME THEY WANT.

THE ASYNCHRONOUS IN A HIGH FLEX CLASS WOULD BE IF THE CLASS MEETS ON MONDAY, THEN THE STUDENTS WHO ARE NOT THERE THAT DAY, WHO ARE WHO WANT TO BE MARKED PRESENT FOR THAT DAY, MUST DO THE ASSIGNMENTS AND INTERACTIVE ACTIVITIES, THE RSI THAT PARTICULAR DAY, IN ORDER TO GET CREDIT. AND THAT'S FOR STUDENTS WHO MAY HAVE LIKE MAYBE THEY'RE REALLY ILL AND THEY NEED TO REST OR MAYBE THEY HAD TO GO DO SOMETHING ELSE FOR WORK AND IT WAS AN EMERGENCY. AND THE GOAL OF THE THIS PARTICULAR MODALITY IS FOR RETENTION.

WE WANT TO RETAIN STUDENTS.

SO STUDENTS WANT TO BE HERE.

THEY WANT TO PHYSICALLY BE HERE.

THEY WANT TO THEY'RE ACTIVE IN THEIR ONLINE CLASSES.

THEY WANT TO GET EDUCATED.

THEY DON'T WANT TO MISS.

AND THE BIGGEST PROBLEM WITH HAVING THE SINGLE MODALITY BY ITSELF IS THAT THERE'S A CAPACITY TO MISS FOR SOME SORT OF EMERGENCY.

AND SO THIS WAY IT ALLOWS STUDENTS TO BE ABLE TO PICK THE MODALITY THAT IS BEST FOR THEM ON ON A PARTICULAR DAY OR WEEK.

AND THEN, YOU KNOW, AGAIN, THE GOAL IS TO ENCOURAGE STUDENTS TO ACTUALLY BE IN PERSON IF THEY CAN.

SO SO HOW DO WE ADVERTISE THAT IN THE CATALOG THEN? BECAUSE IT SOUNDS LIKE EVEN IF I REGISTERED FOR AN IN-PERSON CLASS, I WENT TO SCHEDULE PLUS AND I'VE SEEN THE CLASS MEETS MONDAY, WEDNESDAY, FRIDAY FROM 8 TO 930, IT SEEMS LIKE I WOULD THINK I'M SUPPOSED TO BE THERE EVERY DAY.

THE MONDAY, WEDNESDAY, RIGHT. WELL, AND THAT'S GOOD.

THAT'S EXCELLENT.

I'M NOT REQUIRED TO BE THERE.

LIKE IF I MISS THE CLASS FOR ONE OF THE REASONS THIS WOULD BE RECORDING EVERYTHING AND I'D BE ABLE TO GO BACK TO IT AND.

AND TAKE A LOOK AT THE LESSON, I GUESS.

YES. SO THAT'S WHAT THAT'S WHY I WAS SAYING YOU START WITH YOUR ONLINE CLASS, SO YOU'D HAVE YOUR LECTURES AND ACTIVITIES, DISCUSSION FORUMS, ETCETERA, ALREADY AVAILABLE. YOU PEEL OFF THE CERTAIN THINGS THAT YOU'RE GOING TO DO IN PERSON, AND THEN IF THE STUDENT MISSES THE CLASS, EITHER IN PERSON OR REMOTELY, THEN THEY WOULD HAVE TO COMPLETE THE ACTIVITIES BY THAT EVENING.

SO AND THE THE ADVERTISEMENT IS GOING TO IT'S SEVERAL PRONGS.

SO ONE IS GOING TO BE WE'RE CREATING VIDEOS SO THAT STUDENTS KNOW WE'RE IN IN IMPROVING OUR WEBSITE SO THAT STUDENTS KNOW WE'RE ALSO MEETING WITH COUNSELORS SO THAT THEY CAN ADVERTISE IT PROPERLY.

AND THEN THE FACULTY NEED TO ADVERTISE IT PROPERLY AS WELL.

AND SO WE OFFER WORKSHOPS TO SUPPORT THEM IN BEST PRACTICES REGULARLY.

SO AND THESE BEST PRACTICES ARE GOING TO IMPROVE.

AND SO THE TEAM IS WORKING ON, YOU KNOW, PROVIDING THAT SUPPORT AND THEN GETTING FEEDBACK FROM FACULTY AND WHAT THEY NOTICE SO THAT WE CAN ENCOURAGE STUDENTS TO ACTUALLY BE ACTIVE IN COMING TO CLASS.

BUT THE THIRD BUT THAT'S HOW THE TERM HIGH FLEX CLASSROOMS CAME INTO BEING BECAUSE IT'S THE THREE MODALITIES.

BUT THIS PRESENTATION IS SPECIFICALLY ABOUT THE REMOTE AND IN-PERSON.

OKAY, GREAT. THANK YOU VERY MUCH.

THANK YOU. NO MORE QUESTION.

THANK YOU VERY MUCH FOR THE PRESENTATION.

THANK YOU AGAIN.

AND THANK YOU FOR HAVING ME.

I DO HAVE ONE ONE LAST ONE.

GO AHEAD. IN THE FINAL SLIDE, YOU MENTIONED THAT THERE ARE THERE'S KIND OF A QUOTE UNQUOTE LATENT DESIRE TO HAVE ADDITIONAL OR ACTIVE DESIRE TO HAVE ADDITIONAL CLASSROOMS OUTFITTED.

WHAT'S OBVIOUSLY NOT EVERY CLASSROOM IS A GOOD CANDIDATE FOR THIS TYPE OF THING, BUT IN TERMS OF A PROPORTIONALITY OF HOW MANY CLASSROOMS WE HAVE NOW COMPARED TO HOW MANY WE WOULD IDEALLY HAVE AND HOW MANY WE TARGET HAVING OUTFITTED.

AND I.

THAT QUESTION SOUNDS LOADED, BUT IT'S ALSO KIND OF THINKING ABOUT TRYING TO INCORPORATE THIS TECHNOLOGY AS MUCH AS POSSIBLE, BUT ALSO RECOGNIZING THAT BY THE TIME WE WOULD IT'S LIKE A GOLDEN GATE BRIDGE THING, RIGHT? LIKE BY THE TIME WE FINISH UPDATING ALL THE CLASSROOMS, WE'LL PROBABLY HAVE TO START ALL OVER AGAIN WITH THE TECHNOLOGY.

YEAH, IT IS OUR GOAL CURRENTLY WITH THE ONES THAT WE HAVE ACTUALLY COMPLETED AND THEN THOSE THAT ARE ACTUALLY IN THE QUEUE WAITING FOR EQUIPMENT.

AND THEN OBVIOUSLY SINCE THE SEMESTER STARTED, WE CAN'T TAKE THOSE SOME OF THOSE CLASSES OFFLINE.

WE WOULD HAVE A TOTAL OF OF ABOUT 15 HIGH FLEX CLASSROOMS. THE GOAL WOULD BE IDEALLY TO AT LEAST GET ONE HIGH FLEX CLASSROOM IN EVERY INSTRUCTIONAL BUILDING THAT WE HAVE ON CAMPUS.

THAT THEN THAT THEN ALLOWS MULTIPLE AREAS AND DIVISIONS WITHIN THE CAMPUS.

[00:30:01]

WE ARE LOOKING TO EXPAND HIGH FLEX EVEN FURTHER THAN WHAT WE HAVE.

SO THE GOAL WOULD BE THEN TO HAVE A SIMILAR WALK THROUGH WITH JANET AND THE TEAM TO IDENTIFY ANY POTENTIAL ADDITIONAL CANDIDATES OF OF EXPANDING HIGH FLUX EVEN FURTHER ACROSS THE CAMPUS.

SO WE'RE INCORPORATING THIS INTO OUR NEW CAMPUS STANDARD.

AND SO MOVING FORWARD, IT IS OUR GOAL TO CONTINUE TO EXPAND THIS ACROSS THE CAMPUS AS WE SEE THE DEMAND THAT KEEPS RISING FOR THIS TYPE OF TECHNOLOGY.

AND WE RECENTLY, AS PHILIPPE WAS MENTIONED, PLACED AN ORDER, HAVE SOME ADDITIONAL EQUIPMENT ON HAND ALREADY.

BUT AS PHILIPPE MENTIONED, WE'RE WAITING FOR THE DOWNTIME TO BE ABLE TO GET IN.

THE OTHER EQUIPMENT ALSO HAS TO DO A LITTLE BIT WITH THE AVAILABILITY OF IT.

AS YOU SEE THE DIFFERENT PIECES OF TECHNOLOGY.

AND UNTIL WE GET THE ENTIRE SET UP, WE CAN'T BEGIN INSTALLING IT.

BUT THE IDEA, AS PHILIPPE SAID, IS TO CONTINUE TO EXPAND.

AND OBVIOUSLY, AS THE TECHNOLOGY CHANGES, BRING WHATEVER IT IS, THE NEWEST STANDARD AND INCORPORATE IT AS WE AS WE MOVE FORWARD. THIS IS, IN MY OPINION, PART OF A MUCH LARGER CONVERSATION THAT WE'RE GOING TO HAVE TO EMBARK ON HERE IN THE NEXT FEW MONTHS WHEN WE BEGIN THE WORK ON OUR COMPREHENSIVE PLAN.

BECAUSE I THINK THIS TECHNOLOGY IS JUST A FIRST EXAMPLE THAT WE ARE STARTING TO SEE OF HOW THE PANDEMIC EXPEDITED THE CHANGE ON HOW WE DELIVER EDUCATION AND THE DIFFERENT MODALITIES, WHICH THEN WILL MEAN THAT PERHAPS THE WAY IN WHICH WE EITHER REMODEL OUR BUILDINGS OR CONSTRUCT NEW FACILITIES NEED TO CHANGE.

ONE OF THE FIRST THINGS THAT COME TO MIND IS AS MORE STUDENTS CONTINUE TO ENROLL IN HIGH FLEX AND HYBRID CLASSROOMS, THE WAY IN WHICH WE DESIGN FUTURE CLASSROOMS PROBABLY NEED TO BE IN THAT WAY.

THE OTHER THING THAT WE'RE SEEING IS THAT AS WE MOVE ALSO INTO HYBRID AND HIGH FLEX, THAT IS THE ABILITY OF SEPARATING LECTURES AND LABS MORE EFFICIENTLY AS WE HAVE BEEN DOING IT, WHICH MEANS LIKELIHOOD IS THAT WE END UP BUILDING A FACILITY OR A BUILDING THAT IS ONLY LABS, NOT NECESSARILY CLASSROOMS, BECAUSE THE CLASSROOMS EITHER CAN BE MADE HIGH FLEX OR ONLINE, AND THE STUDENTS ARE GOING TO HAVE ACCESS TO THAT COMPONENT OF THEIR EDUCATION IN A TRADITIONAL WAY.

SO SO I THINK THIS IS JUST THE FIRST EXAMPLE OF MANY TO COME AS WE BEGIN OUR PLANNING OF HOW WE REDESIGN THE INFRASTRUCTURE OF THE CAMPUS BASED ON THE NEWER NEEDS, NEWER TECHNOLOGY AND PARTICULARLY STUDENT PREFERENCE.

THANK YOU. CAN I OFFER SOME OF MY OPINION? OKAY. YOU FIRST.

GO AHEAD. OKAY.

I JUST WANTED TO.

SEE THAT? I JUST WANTED TO SAY THAT I AM VERY HAPPY TO SEE THAT WE HAVE ALREADY BEGAN TO IMPLEMENT THE HIGH FLEX ROOMS HERE AT CERRITOS COLLEGE.

I FEEL THAT THIS IS TECHNOLOGY INNOVATION AT ITS BEST, ESPECIALLY WHEN WE THINK ABOUT THE NEEDS OF OUR LEARNERS, ESPECIALLY AS IT RELATES TO, LIKE DR.

FARRELL WAS SAYING, POST-COVID NEEDS.

THIS IS A GREAT WAY TO KEEP OUR STUDENTS DEFINITELY ENGAGED AND TO KEEP THEM FEELING AS IF THEY ARE TRULY PART OF THAT LEARNING COMMUNITY WHILE THEY'RE IN THE CLASS REMOTELY AND WHILE THEY'RE THERE IN PERSON.

SO I LOVE THIS.

THIS. INNOVATION OF TECHNOLOGY THAT WE'RE IMPLEMENTING.

I DO HAVE A FEW QUESTIONS AND ONE IS ON AVERAGE, WHAT IS THE COST FOR THE EQUIPMENT THAT WE ARE USING IN ONE OF OUR HYFLEX CLASSROOMS? AND THEN SECOND, IT SEEMS VERY USER FRIENDLY, BUT FOR THOSE WHO HAVE BEEN USING IT, LIKE HOW LONG DID IT REALLY TAKE THEM TO GET THE HANG OF USING THIS IN THE CLASSROOM, AS YOU KNOW, AS THE LECTURER? JANET, YOU WANT TO ANSWER THE SECOND PART FIRST? SURE. SO I JUST WANT TO SHARE WITH YOU, I AM NOT TEACHING IN A HIGH FLEX CLASSROOM THIS SEMESTER, ALTHOUGH I WILL BE REQUESTING IN THE FUTURE.

SO I HAVE SEEN THIS SET UP 2 OR 3 TIMES.

AND SO I ACTUALLY FELT PRETTY COMFORTABLE.

I HAD MY NOTES HERE, BUT ONE OF THE RECOMMENDATIONS THAT WE ACTUALLY HAVE IS THAT WE MIGHT HAVE SOME, YOU KNOW, PEOPLE COMING IN AT THE BEGINNINGS

[00:35:03]

THAT'S WHAT I WAS SAYING. JAVIER, WE I ACTUALLY MET WITH JAVIER AND PATRICK ON FRIDAY, AND THEN I MADE SURE I HAD A TECH PERSON ON HAND HERE, AND I REALLY DIDN'T NEED HIM BECAUSE I HAD ALREADY LEARNED WHAT I NEEDED TO KNOW.

SO IT'S PRETTY QUICK.

AND EVEN WITH THE FACULTY THAT MIGHT NEED A LITTLE BIT MORE TIME, I WOULD SAY MAYBE THE FIRST 2 TO 3 WEEKS OF CLASS.

AND THAT'S WHY THE THE THERE'S A WHOLE SET, SEVERAL PAGES WITH VISUALS FOR FACULTY TO BE ABLE TO USE. AND THEN ALSO WE'RE GOING TO CONTINUE TO GIVE MORE WORKSHOPS.

SO IT'S GOING TO BE COMMUNICATION.

WE NEED TO CONTINUE TO COMMUNICATE AND SUPPORT FACULTY AND THEN ONCE THEY GET IT, THEY'LL GET IT.

SO LIKE NOT, NOT NOT TOO LONG, MAYBE 2 TO 3 WEEKS OF TEACHING TIME, MAYBE TO JUST GET STARTED.

AND THEN YOU'RE LIKE, OH, YEAH, OKAY, I REMEMBER NOW.

YEAH. AND I WOULD ALSO ADD THAT THIS PAST BUDGET CYCLE I ACTUALLY CONDUCTED OUR BUDGET FOR CAMPUS BUDGET FORUM VIA HYFLEX IN THE LC 155 WITH THE LITTLE CATCH BOX ON THAT.

SO I WAS HAD AN OPPORTUNITY TO UTILIZE IT MYSELF AND ALSO USE THE CATCH BOX ON THAT.

AND SO JUST A SPECIAL THANKS TO JANET AND KCTCS FOR PUTTING ON THE TRAINING AND THE BOOKLET.

I THINK THAT IS VERY HELPFUL ON THAT.

SO YES, I WOULD I WOULD ADD THAT OBVIOUSLY TRAINING FACULTY IS IS KEY TO THAT.

BUT WE ALSO REALIZE WHEN WE DID OUR WALKTHROUGHS AT BOTH CAL STATE, LONG BEACH AND UCR, TECH SUPPORT WAS A BIG THING AND WE WERE KIND OF FOLLOWING SIMILAR MODEL OF CAL STATE, LONG BEACH OF WHAT THEY'VE DONE IS THEY ACTUALLY TRIED TO HAVE WITHIN THE FIRST TWO WEEKS OF THE START OF THE CLASS HAVING A TECH AVAILABLE FOR IMMEDIATE ASSISTANCE ON THAT.

I'VE I'VE ALSO WITNESSED A COUPLE OF TIMES HAVING OUR TECH SUPPORT IN THE CLASSROOM, WORKING ON JUST A COUPLE OF THINGS HERE AND THERE, BUT NOTHING EVERYTHING HAS BEEN PRETTY MUCH WORKING PRETTY SMOOTHLY AND NOT REALLY TOO COMPLICATED.

BUT ONCE YOU GET THE HANG OF IT, OBVIOUSLY IT'S SOMETHING NEW AND YOU'RE LEARNING THROUGH THAT.

BUT ONCE YOU LEARN THROUGH ALL THE ALL THE STUFF, I EVEN CAUGHT MYSELF FORGETTING HOW TO CHANGE THE DIFFERENT VIDEO FROM THE STUDENT VIEW VERSUS THE INSTRUCTOR VIEW.

AND SO IT'S JUST IT'S JUST REPETITIVE.

AND THE MORE YOU GET COMFORTABLE WITH IT, THE MORE EASE YOU'RE GOING TO FEEL WITH IT.

SO TO ANSWER YOUR FIRST QUESTION REGARDING THE COST, DEPENDING, IT REALLY DEPENDS ON THE ACTUAL MAKEUP OF THE CLASS.

A CLASS LIKE WHAT YOU'RE SEEING.

JANET IN THAT CLASS, WE ACTUALLY DID A FULL RETRO, INCLUDING ALL NEW FURNITURE.

SO WE WENT THROUGH THAT HIGH FLEX WITH THE CHAIRS AND TABLES.

ALL IN ALL, ON AVERAGE WITH THE TECHNOLOGY AND STUFF, WE'RE PUSHING SOMEWHERE BETWEEN 50 TO 75,000 PER ROOM ON THE TECHNOLOGY.

AND SO THAT'S ON AVERAGE BASED ON THE EQUIPMENT AND THE CONSTRUCTION THAT NEEDS BECAUSE OBVIOUSLY WE NEED TO PROVIDE OUTSIDE FOLKS THIRD PARTY TO COME IN AND INSTALL THEM BECAUSE WE'RE ACTUALLY MOVING FROM A SINGLE PROJECTOR TO A DUAL PROJECTOR AND THEN ALSO ADDITIONAL WIRING OF THE SPEAKER, THE CAMERAS, THE MULTIPLE CAMERAS CHANGING, ALL THE WHITEBOARDS.

ALL THOSE WHITEBOARDS ARE ALL BRAND NEW TO ON THERE.

AND AT THE SAME TIME, WE'RE IN THERE, WE'RE ACTUALLY DOING A GIVING A FRESH UP IN THE CLASSROOM, NEW PAINT, NEW CARPET.

SO IT'S REALLY THE STUDENT AND FACULTY ARE GETTING A BASICALLY A BRAND NEW CLASSROOM ON THAT.

AND SO SOME OTHER ROOMS LIKE THE LC 155 ALL WE REALLY DID THERE IS THE TECH IS THE CAMERAS, THE SCREENS AND STUFF LIKE THAT.

SO THAT COST ON THAT 1ST MAY HAVE BEEN A LITTLE BIT LESS BECAUSE WE DIDN'T HAVE TO ACTUALLY BUY FURNITURE IN THERE.

BUT IT REALLY DEPENDS. BUT ON AVERAGE, BETWEEN 50 TO 75,000.

CAN I ASK YOU SO IN THE SPRING 2024 SCHEDULE, YOU WILL HAVE SOME CLASS LABELED AS HYFLEX CLASSROOM.

I. I THINK JANET, MAYBE YOU KNOW BETTER THAN ME.

I THINK WE'RE RUNNING SOME HIGH FLEX CLASSROOMS RIGHT NOW.

I BELIEVE.

UM, CURRENTLY.

AND WE ARE.

AND MICHELLE SIMOTAS HAS BEEN WORKING WITH THOSE WHO WORK WITH PEOPLESOFT TO MAKE SURE THAT IT'S IN THE SCHEDULE.

SO THAT IS BEING WORKED ON.

SO WE HAVE IT ALREADY APPROVED BY THE SENATE.

SO WE HAVE ALL OF OUR MODALITIES.

ET CETERA. BUT YEAH, IT SHOULD BE ADVERTISED NOT JUST WITHIN THE FACULTY NOTES, BUT ALSO WITHIN JUST THE THE

[00:40:02]

I WOULD BELIEVE THIS WILL BE HIGH DEMAND, EVEN THOUGH LIKE LIKE TRUSTEE GREEN SAY IT'S POST, YOU KNOW, COVID DEMAND EVEN IN MY YOU KNOW, I I'M SURE OTHER FACULTY CAN SHARE THIS WITH ME IN MY IN-PERSON CLASSROOM YOU WILL HAVE SOME STUDENTS, 7 OR 8 THEY DON'T COME AND THEY TELL YOU, CAN I DO ZOOM? SO WE HAVE TO PUT OUR CLASS RIGHT NOW IS IN PERSON AND WITHOUT WHATEVER TECHNOLOGY WE CAN HAVE, THEN WE PROVIDE AN ONLINE PART FOR THEM BECAUSE WE NEED TO KEEP THEM ESPECIALLY LOWER LEVEL, HIGHER LEVEL, TEACH PROGRAMING EVERYBODY COME LOWER LEVEL, TEACH THEM WHAT IS NETWORKING THESE PEOPLE? 7 OR 8, THEY DON'T COME.

BUT IF WE OPEN LIKE THIS WAY, THEY COME.

I THINK THIS IS A WAY FOR IF WE HAVE THIS HIGH FLEX CLASSROOM, WE PROBABLY WILL BE ABLE TO MEET OUR DEMAND LIKE 50% OF THEM WILL FINISH A LOWER LEVEL CLASS BECAUSE I THINK THAT'S A LOWER LEVEL STUDENT.

THEY THEY HAVE THE TENDENCY NOT TO COME, YOU KNOW.

SO I THINK THIS IS EXCITING.

THANK YOU. YOU VERY MUCH.

THANK YOU, JANET. WE APPRECIATE YOUR SPENDING SOME TIME WITH US AND DOING THE DEMONSTRATION OF THE CLASSROOM.

BUT IN PARTICULARLY, WE APPRECIATE THE EFFORT THAT YOU PUT LEADING INTO THE DEVELOPMENT OF THIS PLAN, PUTTING THE PLAN TOGETHER AND THEN OBVIOUSLY LEADING WITH THE TRAINING AND THE SUPPORT THAT YOU AND THE TEAM HAVE BEEN PROVIDING TO FACULTY OVER THE LAST COUPLE OF YEARS.

BUT I KNOW THE.

WELL WELL, IT WAS FUN TO GO AND LOOK FOR THE TECHNOLOGY AND EVERYTHING.

IT WAS STILL WORK.

SO PLEASE DO KNOW THAT WE APPRECIATE YOUR EFFORT AND WE WILL CONTINUE OBVIOUSLY, TO SUPPORT THE INITIATIVES AND AND CONTINUE TO INCORPORATE IN OUR PLANNING, THE INVESTMENT THE WE ARE PLANNING AND CONTINUING TO MAKE IN THE CLASSROOM TO TO ENSURE ALL OF YOU HAVE WHAT YOU NEED AND THE STUDENTS RECEIVE THE BEST POSSIBLE EDUCATION THAT WE CAN PROVIDE THEM.

SO THANK YOU VERY MUCH.

THANK YOU. THANK YOU FOR YOUR SUPPORT.

WE APPRECIATE WE ALL APPRECIATE IT.

TAKE CARE. OH, THANK YOU.

THANK YOU SO.

THINGS VERY BAD BEST THERE.

SO WE MOVE ON TO THE SECOND ONE, STUDENT HOUSING UPDATE.

[2.02 Institutional Presentation: Student Housing Update]

SO PRETTY EXCITED TO GO OVER THIS STUDENT HOUSING PRESENTATION.

SO IF WE DON'T KNOW IF I HAVE CONTROL OF IT OR.

PERFECT. SO THE AGENDA JUST GOING TO GO BRIEFLY OVER THE STUDENT HOUSING GRANT APPLICATION PROCESS THAT WE THE BOARD PREVIOUSLY APPROVED WHAT THAT PROGRAM WAS ABOUT.

AND THEN DR.

FIERRO AND I WILL GO OVER THE TWO NEW BILLS THAT ACTUALLY AFFECT THE PROGRAM, WHICH IS SB OR AB AND SB 142 AND 104, AND THEN KIND OF GO OVER THE NEXT STEPS.

WHAT'S NEXT IN THE STUDENT HOUSING WORLD? SO PART OF THE GRANT APPLICATION REQUESTS THAT WE SUBMITTED AND WHAT WE COMMITTED TO IS AT LEAST 360, 396 BEDS DUE TO BE OPENING IN 2026.

THAT'S PROBABLY CHANGED A LITTLE BIT BECAUSE THAT WAS ORIGINALLY BASED ON THE PLAN.

AND THEN OBVIOUSLY THERE WAS THE DELAY BETWEEN THIS WHAT WAS GOING ON LAST MINUTE ON THE CHANGES OF THE BILLS ON THAT, THE PROPOSED MONTHLY RENT THAT WE COMMITTED TO IS WAS $717 AGAIN, BUT THAT'S BASED ON THE 22 UM, AREA MEDIAN INCOME INDEX, WHICH CAN BE ADJUSTED EVERY YEAR.

SO THE WAY THAT WORKS, IT TAKES A STATUTE, THE STATUTORY MAX RENT, WHICH IN THAT CASE IN 20 FALL OF 22 WAS 797 DISCOUNT THAT 10% BECAUSE THAT'S WHAT WE REQUESTED IN THE APPLICATION.

THAT'S HOW YOU GET TO THE 717.

THE TOTAL DEVELOPMENT BUDGET FOR THIS PROJECT IS ROUGHLY $80 MILLION.

OUR GRANT REQUEST WAS 67,995,000.

[00:45:01]

IN THE GRANT. JUST TO KIND OF GIVE YOU A REFRESHER OF WHAT MAKES UP THE 396 BEDS.

WE HAVE THREE PROGRAMS. WE HAVE FOUR BEDROOM, TWO BATH, WHAT WE CALL SINGLE OCCUPANCY.

WE HAVE ROUGHLY 32 UNITS OF THOSE.

THE TWO BEDROOM, TWO BATH DOUBLE OCCUPANCY, WE HAVE 59 UNITS OF THOSE, AND THEN WE HAVE 32 OF THE SINGLE STUDIO APARTMENT TYPES.

THAT EQUATES TO US TOTALING 396 BEDS.

SO THAT'S WHAT WE COMMITTED.

THAT WAS THE APPLICATION AND THAT WAS SUBSEQUENTLY WHAT WAS PROVED IN THIS YEAR'S BUDGET ALLOCATION.

SO TO GIVE YOU A LITTLE BIT OF CONTEXT, BECAUSE I THINK IT WAS A LOT OF CONFUSION OF HOW WE END UP HERE AND NOT JUMPING INTO CONSTRUCTION RIGHT AWAY.

THE LAST BUDGET SESSION THERE WAS THE OPPORTUNITY FOR US TO SUBMIT THE APPLICATION THAT PHILIPPE MENTIONED AND TWO BUDGET SESSIONS AGO. MONEY HAD BEEN ALLOCATED ACROSS THE STATE FOR HOUSING AND THE MONEY WAS SEPARATED AND SOME COLLEGES RECEIVED THEIR ALLOCATION. TWO BUDGET SESSIONS AGO AND OTHER COLLEGES WERE GOING TO RECEIVE ROUGHLY $550 MILLION.

THERE WERE TWO OPPORTUNITIES FOR SUBMISSION ONE AS A SINGLE COLLEGE AND ONE AS JOINT PROJECTS WITH EITHER CSUS AND UCS.

AND THOSE PROJECTS WERE CALLED INTERSEGMENTAL.

WE SUBMITTED AT OUR OWN AND OTHER DISTRICTS SUBMITTED INTERSEGMENTAL PROJECTS OR PROJECT RANKED FIRST ON THE STATE.

SO WE WERE ABLE TO SCORE THE HIGHEST NUMBER OF POINTS BY ANY DISTRICT.

SO BASED ON THE PREVIOUS PROCESS, WHAT IT WAS SUPPOSED TO HAPPEN BECAUSE THE MONEY WAS ALREADY ALLOCATED TO LEGISLATORS SESSIONS AGO WAS THE THOSE COLLEGES THAT RANKED ON THE TOP WERE GOING TO BE GIVEN THE FUNDING THAT WAS REQUESTED UNTIL THEY RUN OUT OF MONEY.

AND THIS LEGISLATIVE SESSION, THEY WERE GOING TO CONSIDER THE OPPORTUNITY OF PROVIDING ADDITIONAL DOLLARS.

HOWEVER, THINGS CHANGE AND AS WE CONTINUE TO WORK ON OUR HOUSING PROJECT ADVOCATING AT THE STATE, WE MADE IT TO THE STATE BUDGET.

WE ARE LISTED FIRST BY NAME.

WE WERE SUPPOSED TO RECEIVE THE DOLLARS, BUT THERE WAS ONE LINE THAT CHANGED.

AND THAT LINE TRANSFER THE OBLIGATION AND THE DEBT SERVICES OF THE CONSTRUCTION PROCESS TO THE LOCAL DISTRICTS AND REQUIRE THE DISTRICTS THAT HAVE RECEIVED MONEY IN THE PREVIOUS LEGISLATIVE SESSION TO RETURN THE MONEY TO THE STATE AND GET LOANS.

OBVIOUSLY THAT WAS AN.

A GOOD THING FOR ANYONE, PARTICULARLY THE DISTRICTS THAT HAD ALREADY RECEIVED THE MONEY.

SOME OF THEM ARE ALREADY IN CONSTRUCTION, SOME MORE.

SOME OF THEM ALREADY SPENT THE MONEY, WHICH MEANS THEY WILL HAVE TO FIND A LOAN TO GIVE THE MONEY BACK TO THE DISTRICT AND THEN ASSUME THAT DEBT OF MONEY THAT THEY ALREADY SPENT.

IN OUR CASE, THAT MEANT THAT EITHER WE WILL HAVE TO TAKE THE DEBT OBLIGATION ON THE DISTRICT BY RELEASING REVENUE BONDS AND NO GUARANTEE BY THE STATE TO COVER THE PAYMENTS.

SO WE HAD A NUMBER OF CONVERSATIONS THROUGHOUT THE LAST COUPLE OF MONTHS, STARTING MAYBE A WEEK OR TWO AFTER THE BUDGET WAS RELEASED.

AND ESSENTIALLY THERE WAS TWO BILLS THAT WERE PASSED AND SIGNED BY THE GOVERNOR LAST WEEK.

AB 142 AND.

AS THE 104.

THESE TWO BILLS MAKE TWO VERY IMPORTANT CONCESSIONS.

THE FIRST ONE THAT THE DISTRICT THAT ALREADY RECEIVED THE MONEY DON'T HAVE TO SEND THE MONEY BACK.

AND THE DISTRICTS, THE THEY DON'T HAVE TO SEND THE MONEY BACK UNTIL THE END OF THE NEXT BUDGET CYCLE.

HOWEVER, BECAUSE THIS BUDGET HAS THE NEXT PROVISIONS IN IT, IT MAKES IT LESS LIKELY FOR THEM TO HAVE TO RESEND THE MONEY.

WHAT THAT BASICALLY MEANS IS THAT THE STATE FIRST AGREE THAT IF WE HAVE TO GO OUT FOR A LEASE REVENUE BOND, THAT THEY

[00:50:10]

SO, WELL, IT'S NOT 100% IDEAL.

IT REMOVES THE RESPONSIBILITY FROM THE DISTRICT MAKING THE DEBT SERVICE PAYMENTS BACK INTO THE STATE.

AND FOR US, THAT ALLOCATION IS ABOUT $4.1 MILLION OR SOMEWHERE IN BETWEEN DEPENDING OF THE INTEREST EVERY YEAR.

SO WE WILL RECEIVE AN ADDITIONAL ALLOCATION OF ROUGHLY A LITTLE OVER $4 MILLION SO WE CAN MAKE THE PAYMENTS ON THE DEBT SERVICE. SO WHAT ARE WE GOING TO DO IS IT'S IT'S PRETTY SIMPLE. WE'RE WE'RE GOING TO.

ASK YOU TO CONSIDER.

LATINOS BEGIN THE PROCESS BY UTILIZING THE DISTRICT RESOURCES, MEANING NOT GOING OUT FOR A LEASE REVENUE BOND RIGHT AWAY.

WHEN WE FIRST INITIATED THE PROJECT, THE PROJECT WAS $80 MILLION PROJECT IN WHICH THE DISTRICT ALLOCATED A POTENTIAL $12 MILLION FOR THE CONSTRUCTION AND $68 MILLION FROM THE STATE.

SINCE THERE IS A VERY STRONG POSSIBILITY THAT BY THE BUDGET OF 24.

THE ESTATE EITHER HAS REVENUE FROM AN ESTATE BOND OR BY THE TAXES THAT ARE COLLECTED LATER ON THIS YEAR IN OCTOBER.

THERE IS A PRETTY GOOD CHANCE THAT WE WILL RECEIVE THE $68 MILLION FROM THE STATE.

SO WHAT WE ARE ASKING THE BOARD IS TO ALLOW US TO BEGIN THE CONSTRUCTION AND THE DEVELOPMENT OF THE HOUSING PROJECT USING LOCAL RESOURCES SO WE CAN START HIRING ARCHITECTS, BIDDING THE PROCESS, GOING THROUGH THE GSA.

AND THIS PROCESS OF GOING THROUGH THE GSA WILL TAKE ROUGHLY ABOUT A YEAR.

SO IN REALITY.

WE WOULDN'T NECESSARILY NEED TO GET A REVENUE BOND UNTIL WE GET PROBABLY TO THE END OF 24 OR THE BEGINNING OF 25.

THE OTHER REASON THAT I'M SAYING THAT IT'S LIKELY THAT WE RECEIVE THE DOLLARS IS BECAUSE REMEMBER THAT IN THE BEGINNING I SAID THAT THERE ARE SOME PROJECTS THAT ARE CALLED INTERSEGMENTAL.

THOSE PROJECTS ARE NO LONGER BEING FUNDED THROUGH THE STATE IN THE SAME MANNER.

THEY ARE GOING TO BE ABSORBED BY THE UCS AND THE CSUS, WHICH IN TURN REMOVES $150 MILLION PLUS FROM THE $550 MILLION THAT I INITIALLY MENTIONED, WHICH MAKES THE LOAD OF THE STATE SIGNIFICANTLY LOWER.

AND WHEN YOU CONSIDER 300 OR $350 MILLION FOR THE STATE, IT'S REALLY NOT THAT MUCH MONEY IN COMPARISON WITH THE ENTIRE BUDGET THAT THEY HAVE.

SO WHAT WE'RE TRYING TO DO IS JUMP THE GUN AND GO OUT RIGHT AWAY FOR THESE REVENUE BONDS WHEN THERE IS A VERY STRONG POSSIBILITY THAT WE CAN RECEIVE THE CASH AND CONTINUE OR PROCESS.

SO OBVIOUSLY, TO DO THESE, WE WILL HAVE TO GET YOUR APPROVAL BLESSINGS SO WE CAN BEGIN MOVING THE PROJECT FORWARD.

ANDREA, COULD YOU CLICK THE NEXT ONE, PLEASE? SO IF YOU HAVE ANY QUESTIONS, WE'LL BE HAPPY TO ANSWER THEM.

I HAVE A FEW.

SO FIRST OF ALL, I HAVE A PRETTY STRONG UNDERSTANDING OF HOW STATE LEASE REVENUE BONDS WORK.

CAN YOU EXPLAIN TO ME HOW LOCAL LEASE REVENUE BONDS WORK? DO WE NEED TO GO OUT TO THE VOTERS OR IS THIS SIMPLY JUST ON OUR BALANCE SHEET? YEAH. SO THE LOCAL REVENUE BONDS ESSENTIALLY WILL REQUIRE US TO GO AND GET A BASIC LOAN THAT HAS TO BE BACKED UP BY A CURRENT STRUCTURE.

WHERE IS THE GENERAL FUND OR ONE OF OUR REGULAR BUILDINGS? SO ESSENTIALLY THERE'S SOME LEVERAGE ASSOCIATED WITH THAT.

SO LET'S SAY WE HAVE A REVENUE BOND.

WE HAVE TO SHOW THAT WE CAN ACTUALLY MAKE MONEY OUT OF WHAT WE'RE PLANNING TO FINANCE.

THE INITIAL PROBLEM THAT WE HAVE WITH THE STATE MOVED THE RESPONSIBILITY TO THE LOCAL DISTRICTS IS THAT YOU HAVE TO MEET DIFFERENT CRITERIA.

[00:55:07]

IN OUR CASE, THAT WILL NOT BE POSSIBLE BECAUSE THE RENTS THAT WE ARE CHARGING CHARGING ARE WAY BELOW MARKET.

HOWEVER, WITH THE COMMITMENT OF THE STATE THAT CHANGES THE THE PICTURE FOR US BECAUSE ESSENTIALLY WE WILL AUTOMATICALLY SHOW IN OUR BALANCE SHEETS OVER $4 MILLION FROM THE STATE INVESTED IN THIS PROJECT.

BUT WE WILL STILL HAVE TO GO THROUGH THE PROCESS OF GOING OUT SHOWING THAT WE HAVE THE FINANCES AND OBVIOUSLY SECURING A COLLATERAL.

AND THE COLLATERAL IS LIKELY OBVIOUSLY AGAINST OR OUR GENERAL FUND, BUT MORE LIKELY ONE OF OUR BUILDINGS.

OKAY. SO IT BECOMES KIND OF LIKE A FELIPE LOPEZ ROADSHOW TO GET BUYERS INTERESTED, MORE OR LESS.

UM. OH, OKAY.

AND THEN IF IT'S IF IT'S A STATE LEASE REVENUE BOND, THEN WE HAVE SOMEBODY FROM THE STATE DOING THAT, RIGHT? YEAH. SO AT THAT POINT, ESSENTIALLY THAT WILL BE CASH FOR US BECAUSE THE STATE WILL CAPTURE THE RESOURCES AND WE JUST SIMPLY RECEIVE OR ALLOCATION.

IN MY OPINION, IT IS A LOT.

LESS EXPENSIVE FOR THE STATE TO JUST SIMPLY CARVE THE 300 OR $350 MILLION, EVEN IF THEY HAVE TO DO IT IN TWO ALLOCATIONS AND PAY THE DISTRICTS BECAUSE THE MONEY ISN'T.

WHEN YOU COMPARE WITH THE ACTUAL REVENUE OF THE DISTRICT, THIS IS VERY LITTLE.

HOWEVER, WHEN YOU FINANCE $350 MILLION IN REVENUE BONDS AT DIFFERENT INTEREST RATES FOR 30 YEARS, THESE PROJECTS END UP COSTING THREE TIMES AS MUCH FOR SOMETHING THAT ISN'T REALLY GOING TO GENERATE SIGNIFICANT REVENUE.

SO IT DOESN'T NECESSARILY MAKE A LOT OF SENSE TO DO THAT.

BUT THERE ARE OBVIOUSLY COMPETING PRIORITIES THAT THEY'RE TRYING TO SORT OUT.

SO SO FOR US, WHETHER THE STATE DOES AN ESTATE REVENUE BOND OR WHETHER THEY ALLOCATE THE MONEY STRAIGHT FROM THE GENERAL FUND MAKES NO DIFFERENCE BECAUSE WE WILL RECEIVE THE ALLOCATION DIRECTLY.

WHAT IT MAKES A DIFFERENCE FOR US IS OBVIOUSLY HAVING TO CARRY THE DEBT OF THE REVENUE BOND, EVEN IF WE ARE BEING COMPENSATED BY THE STATE FOR THE TOTALITY OF THE REVENUE BOND.

SO IN THE LONG TERM THERE IS NOT NECESSARILY A RISK, BUT IT WILL SHOW IN OUR BALANCE SHEET, WHICH WE WILL HAVE TO ACCOUNT FOR THAT AS A AS AN EXPENSE AND AS A DEBT THAT WE CARRY.

UNLESS THE STATE LEASE REVENUE BOND, CORRECT, THAT WILL BE CASH FOR US BECAUSE THEY JUST SIMPLY WRITE US A CHECK FOR THAT AND WE DON'T HAVE ANYTHING THERE.

UM. DON'T WE, IF IT'S A STATE LEASE REVENUE BOND, DON'T WE? DOESN'T IT STILL SHOW UP ON OUR BALANCE SHEET? NO, NO, BECAUSE THE STATE DOES EVERYTHING TO THE TREASURY.

WE WOULDN'T HAVE TO DO ANYTHING.

BUT THEORETICALLY WERE THE ONE.

WE'RE THE ONE ON THE HOOK FOR THE DEBT PAYMENT, EXCEPT THAT THE STATE IS IS SELF OBLIGATING TO PAY IT.

RIGHT. IF WE DO IT AT THE LOCAL LEVEL.

YES. IF THEY DO IT AT THE STATE.

NO. SO WE NEVER SEE THE MONEY AT THE STATE LEVEL.

WE SEE THE MONEY DIRECTLY.

IT'S LIKE, LET'S SAY YOU TAKE A PERSONAL LOAN TO GIVE ME $5,000 TO.

TO REMODEL MY OFFICE.

YOU TAKE THE LOAN, YOU'RE RESPONSIBLE FOR THE LOAN.

I RECEIVED THE MONEY. MY ONLY OBLIGATION IS TO REMODEL THE OFFICE.

REMODEL YOUR HOUSE. SO I GUESS THE THING IS IN THIS, SAY, FOR EXAMPLE, IN THE CAL STATE UNIVERSITY SYSTEM, IF THEY HAVE A STATE WIDE LEASE REVENUE BOND, THE UNIVERSITY, LIKE THE CAMPUS, IS ON THE HOOK TO REPAY THOSE DEBT OBLIGATIONS TYPICALLY.

AND SO ON AN INDIVIDUAL KIND OF DEPARTMENTAL LEVEL, YOU MEAN THEIR BALANCE SHEET AREN'T TREATED INDIVIDUALLY THE SAME WAY AS OURS ARE, BUT IT BECOMES KIND OF FUNCTIONALLY PART OF THEIR PNL.

SO I'M JUST CURIOUS IN TERMS OF HOW WE HOW WE WOULD ACCOUNT FOR THAT INTERNALLY, BECAUSE IT SOUNDS LIKE IF IT GOES TO THE DEPARTMENT OF PUBLIC WORKS OR WHATEVER IT'S CALLED, THEN YEAH, FOR US WE WOULDN'T BE ON THE HOOK IF THEY DO IT OR RESPONSIBILITY IS TO PUT THE BUILDING BECAUSE TECHNICALLY THAT WILL BE A STATE BUILDING UNTIL IT'S FULLY PAID AND THEN PROBABLY WE'LL REVERSE.

TO US, IT'S KIND OF LIKE WHEN WE IT'S KIND OF LIKE WHEN WE GET LIKE THE MONEY THAT WE GOT, FOR INSTANCE, FOR THE RENOVATION OF THE HEALTH SCIENCES THAT WAS ON A STATE

[01:00:03]

OUR OBLIGATION IS TO DELIVER IN WHAT WE SAID WE DID.

WHAT YOU'RE SAYING WILL APPLY TO US IF WE GENERATE THE BOND FROM THE DISTRICT PERSPECTIVE.

MEANING IF WE GO MAKE THE ASK, GET THE LOAN, WE CARRY THAT DEBT, WE RECEIVE THE MONEY EVERY YEAR FROM THE STATE TO PAY, BUT WE'RE OBLIGATED TO PAY BECAUSE WE ARE THE.

I SAY THE PRINCIPAL. I'M JUST TRYING TO THINK THROUGH HOW IT WORKS.

IF THERE'S A HOW IT'S A LEASE REVENUE BOND, IF THERE'S NO LEASE, THE FOR US IT'S A LEASE REVENUE BOND.

IF WE DO IT AT THE LOCAL, THE LOCAL LEVEL FOR THE STATE, IT'S A BONE LIKELY JUST A GENERAL OBLIGATION BOND FOR THE STATE.

SO THERE IS CONVERSATIONS RIGHT NOW OF DIFFERENT BOND BALLOTS THAT ARE COMING UP AT THE STATE.

AND ESSENTIALLY, IF THEY PASS THOSE BONDS AND WE ARE PART OF THAT, WE JUST SIMPLY RECEIVE THE DOLLARS FROM THE STATE WHEN WE DO IT, IT WILL BE BASED ON A ON A LEASE REVENUE, NOT ON A GENERAL OBLIGATION BOND.

SO MAYBE I'M JUST GETTING CONFUSED BY THE LANGUAGE IN THE BOARD PRESENTATION BECAUSE YOU REVERSE THE SLIDE, PLEASE.

OH, THERE YOU GO. SO.

WELL, THE SOLUTION RETAINS THE OPTION TO USE LOCAL FINANCING WITH STATE SUPPORT FOR DEBT SERVICE.

IN THE VERY LAST BULLET. IT ALSO ESTABLISHED A FRAMEWORK TO SHIFT TO STATE ISSUED LEASE REVENUE BONDS.

THE GENERAL OBLIGATION.

SHOULD THAT READ GENERAL OBLIGATION? THEY COULD. IT COULD BE ANY OF THE ABOVE.

THEY RESERVE THE ABILITY OF ESSENTIALLY FINDING ALTERNATIVE FUNDING.

THAT'S WHAT THEY'RE TRYING TO SAY.

IN OTHER WORDS, THEY'RE GOING TO DO IT WHATEVER SUITS THEM THE BEST.

RIGHT. BUT WHAT I'M SCARED.

WHAT I'M SCARED OF IS I DON'T WANT IT TO BE A LEASE REVENUE BOND THAT PUTS THE LEASE REVENUE OBLIGATION ON TO THE DISTRICT.

IT WOULD NEVER MY UNDERSTANDING IS IT DOESN'T.

YEAH. NO, NO.

FOR US, I UNDERSTAND THAT WORKS.

THAT'S HOW IT WORKS FOR THE CSUS AND YOU AND THAT'S HOW THE INTERSEGMENTAL PROJECTS ARE GOING TO BE FUNDED FOR COMMUNITY COLLEGES.

IF THEY DECIDE TO DO ANY TYPE OF BOND, THEY ASSUME THE RESPONSIBILITY WE RECEIVE THE BUILDING.

THE ONLY CATCH WITH THAT, TO MY UNDERSTANDING, IS THAT THE BUILDING WILL BE AN ESTATE OWNED BUILDING UNTIL THEY GIVE IT BACK TO US OR SOMETHING TO THAT EFFECT. THE STATE OWNS THE BUILDING.

THEY PLACE THE MONEY, THE STATE OWNS THE BUILDING UNTIL, I GUESS THE 30 YEARS OR WHATEVER AMOUNT OF YEARS.

THEN THE STATE SAYS, OKAY, NOW IT'S YOURS.

CORRECT? AND IF THE STATE STOPS PAYING IT, IT'S STILL ON THE WAY.

I WOULD UNDERSTAND THE LEASE REVENUE BOND MEANS THAT THE OBLIGATION, IF THE STATE STOPS PAYING IT, THEN BECOMES PART AN OBLIGATION OF THE DISTRICT.

AND THEY TECHNICALLY CAN'T REPOSSESS THE BUILDING.

RIGHT. BUT.

I'M JUST THINKING LIKE IF IF RISK ASSESSMENT RIGHT IF THE STATE IN THE FUTURE NOT THAT IT'S EVER SAID HEY WE WANT OUR GRANT MONEY BACK BUT IF IT WERE TO EVER DO SOMETHING LIKE THAT AGAIN AND THEY DECIDED TO PULL OR DISCONTINUE THE PAYMENT ON ON ANY SORT OF OBLIGATION LIKE THAT. WOULD IT BECOME? THEY WERE SAYING, HEY, WE'RE GOING TO TRANSFER THE OBLIGATION OF THIS BUILDING BACK ONTO THE THE DISTRICT.

WE WERE BACKTRACKING ON A PROMISE, IN WHICH CASE WHAT WOULD HAPPEN? WE WOULD HAVE TO PAY THE OBLIGATION OR THEY WOULD JUST.

WE. I'M JUST TRYING TO FIGURE OUT HOW WE WOULD NAVIGATE THIS EVERYTHING NULL AND VOID IN TERMS OF THE THE STRINGS ATTACHED TO THE RENTAL RATE INCREASES? OR IS THIS JUST BECOME SOMETHING THAT WE FIGURE OUT SOME WAY TO ABSORB $4 MILLION.

SO. TO THINK, LET'S SEPARATE THE TWO.

SO IF THE STATE DECIDES TO STOP PAYING, THE LENDER WILL GO AFTER THE STATE, RIGHT? YEAH, LET'S LET'S MOVE THAT ONE OUT.

SO LET'S SAY THEY STILL HAVE THEY KNOW THEY CAN'T BECAUSE IN THAT CASE, WE WILL HAVE TO ASSUME THE DEBT.

WHICH IT WILL REQUIRE US TO TAKE ACTION TO ASSUME THE DEBT.

NOW, WHAT I THINK IT COULD HAPPEN, ALTHOUGH UNLIKELY, IS THAT IF WE ISSUE LOCALLY THE REVENUE BONDS, EVEN THOUGH THIS BILL CLEARLY SAYS THAT THEY WILL PAY FOR THE NEXT 30 YEARS, LET'S SAY THEY SAY, SORRY, WE'RE GOING TO RECTIFY THIS AND WE ALREADY PAID YOU FOR 15.

GOOD LUCK WITH THE OTHER 15.

THEN IT'S OUR RESPONSIBILITY BECAUSE IT'S OUR NAME ON THE LOAN.

[01:05:04]

IF THEY DON'T IF WE DON'T GET STATE ISSUED DEBT NEXT YEAR, THEN WHAT HAPPENS? THEN WE HAVE TO GO OUT AND THEN THIS SCENARIO IS THE SITUATION.

YEAH. SO IF WE BEGIN THE PROCESS, WE ARE ESSENTIALLY.

TAKING THE RESPONSIBILITY OF WAITING TO GET THE STATE DOLLARS OR PIVOTING.

TO THE LOCAL REVENUE WON ON THE COMMITMENT FROM THIS BILL THAT SAYS THAT THEY WILL PAY US.

UH, OVER 30 YEARS, THE TOTALITY OF THE DEBT SERVICE.

NOW, IT IS INCREDIBLY UNLIKELY THAT THEY WILL JUST SIMPLY SAID, I'M NOT GOING TO PAY YOU ANY MORE.

BUT IT DOES EXIST WITHIN THE REALM OF POSSIBILITIES THAT THEY WILL SAY, WE'RE NOT GOING TO PAY YOU THIS YEAR AND WE WILL HAVE TO ASSUME THE DEBT.

WHEN THEY HAVE DECIDED NOT TO MAKE FULL PAYMENTS TO THE DISTRICTS IN THE PAST, DURING THE RECESSION IN 2011 OR WHATEVER, EVENTUALLY THEY DID PAY THE MONEY.

IT IS NOT IDEAL, BUT EVENTUALLY THEY DID REIMBURSE THE DISTRICT FOR ALL EXPENSES.

SO NOT SEEING THE MONEY COME WILL TAKE.

A VERY SIGNIFICANT SHIFT.

AND AND IT'S LIKE IT COULD HAPPEN, BUT UNLIKELY THAT THEY WILL DECIDE TO JUST SIMPLY NOT PAY ANYMORE.

FOR THE FORESEEABLE FUTURE.

SO AT THAT POINT, WE WILL BE TAKING THE RISK OF SAYING, YEAH, WE'RE GOING TO TRUST THIS, THE STATE THAT THEY WILL PAY US FOR 30 YEARS.

THE DEBT SERVICE.

NOW, THERE IS ALSO A CAVEAT THERE BECAUSE THERE IS AN OBLIGATION THAT ALL ALL OF US INVOLVED IN THIS, INCLUDING THE STATE MADE.

WE'RE WORKING ON AFFORDABLE HOUSING AND THAT PROHIBITS US FROM INCREASING RENTS OR NOT MAKING THE THE OR NOT FOLLOWING THE RULES BECAUSE IT'S A SERIES OF RULES THAT WE HAVE TO FOLLOW IN ORDER TO GET THE MONEY.

UM, SO, SO, SO IT BOUND US TO DO ALWAYS OR AT LEAST FOR, FOR, FOR THE DURATION OF THE FIRST 30 YEARS.

UM, UM, LOW INCOME HOUSING.

HOWEVER, IF THEY DEFAULT ON THAT OBLIGATION, ARGUABLY WE COULD SWITCH TO MARKET RATE TO BE ABLE TO COVER OUR OBLIGATION.

IT WILL OBVIOUSLY REQUIRE SOME LEGAL EXPERTISE THERE, BUT IN THAT CASE, THEY WILL BE BREAKING THEIR PROMISE.

JUST LIKE IF WE DECIDE TO START CHARGING MARKET RATES AND NOT FOLLOWING THE DIFFERENT RULES, THEY COULD PROBABLY ARGUE AND SAY, HEY, THIS IS NOT WHAT WE AGREED FOR. YOU EITHER DO AFFORDABLE HOUSING, FOLLOW THE RULES OR WE DON'T PAY YOUR YOUR DEBT SERVICE.

THE BAD SITUATION IS THAT WE GET THE MONEY.

I DON'T THINK THAT THE STATE OF CALIFORNIA IS GOING TO SUDDENLY JUST STOP PAYING ITS DEBTS.

I MEANT MORE IN THE CASE OF WHEN THINGS GO GET TIGHT, THERE'S A TENDENCY TO KIND OF HAVE LEGISLATORS GET CREATIVE ABOUT WHO OWES WHAT DEBTS.

YEAH. AND TRYING TO MANAGE THE POTENTIAL, NOT NOT YOUR DAUGHTER TRUSTEE PACHECO, BUT OTHER LEGISLATORS, BUT JUST TRYING TO THINK THROUGH WHAT HAPPENS 20 YEARS FROM NOW IF IF OUR CONGRESSPERSON PACHECO IS NO LONGER AT THE AT THE STATE ASSEMBLY, WHAT WE WOULD DO TO TO NAVIGATE THROUGH A SITUATION LIKE THAT.

UM, OKAY.

THE OTHER THE OTHER QUESTION IS IN RESPECT TO TIMELINE, RIGHT? SO THEORETICALLY, WE HAVE ABOUT 15% OF THE OVERALL COST OF THIS FACILITY IS FINANCED BY US.

SO AND IN A PROJECT PROCESS TO SPEAK VERY GENERALLY, IT TAKES ABOUT A YEAR TO GET THROUGH ALL THE DESIGN AND APPROVALS AND ABOUT TWO YEARS TO BUILD A BUILDING THIS SIZE. RIGHT? ABOUT THREE YEARS.

JUST VERY BROAD BRUSHES.

SO THE IDEA HERE IS THAT WE COULD SPEND.

THAT THAT MONEY UP FRONT IN ORDER TO GET THROUGH THE DESIGN AND APPROVALS PROCESSES WHICH COST MILLIONS OF DOLLARS, UNFORTUNATELY. BUT APPARENTLY ARCHITECTS ARE WORTH WORTH GETTING PAID.

AND YOU'RE AN ARCHITECT. APPARENTLY YOU CAN ONLY SQUEEZE ARCHITECTS SO FAR.

SO WE PAY THEM FOR THEIR TIME AND WORK ON THIS AS WELL AS OTHER FOLKS.

SOFT COSTS. RIGHT.

WHAT WHAT ARE OUR PROJECTED EXPENDITURES BETWEEN NOW AND THE TIME IN WHICH WE WOULD ANTICIPATE KNOWING FROM THE STATE WITH ALL CERTAINTY THAT WE WOULD HAVE AN ALTERNATIVE BOND SOURCE? 3 TO $4 MILLION IS WHAT IT WILL COST TO SECURE AN ARCHITECT AND PROBABLY GOING THROUGH DSA.

[01:10:04]

BUT YEAH, NO MORE THAN $4 MILLION.

SO THERE'S PLENTY OF TIME AND EVEN AND WE WILL HAVE SOME DOLLARS TO BEGIN THE CONSTRUCTION PROCESS OUT OF THE 12 MILLION. PART OF THE REASON THAT WE'RE SAYING THAT WE SHOULD START WITH OUR OWN INVESTMENT IS BECAUSE THAT WILL GIVE US ADDITIONAL TIME TO ADVOCATE AT THE STATE AS THE TAX REVENUES COME BACK.

MY UNDERSTANDING IS THE TAX RECEIPTS ARE COMING A LITTLE HIGHER THAN THEY EXPECTED.

SO THERE WILL BE A LITTLE BIT OF MONEY THAT THEY'RE PLANNING TO ALLOCATE FOR PROJECTS THAT WERE NOT FUNDED.

SO THE IDEA HERE WILL BE THE PART OF THINGS THAT ARE NOT FUNDED IS THESE AND THAT THEY USE SOME OF THAT TAX THAT THEY'RE COLLECTING LATE DURING THE YEAR TO TO PROVIDE US WITH THE DOLLARS THAT WE NEED TO DO THE TOTALITY OF THE PROJECT.

AND THE SECOND PART OF THAT IS THE IF IT DOESN'T HAPPEN AT THE END OF THIS YEAR, BEGINNING OF NEXT, WITH THE REVENUES THAT WE ARE EXPECTING FROM THE LATE TAXES.

IT MAY HAPPEN DURING THE 24 LEGISLATIVE BUDGET AND THAT IS LANGUAGE RIGHT THERE.

THE BY THE 24TH, THEY SHOULD HAVE AN ALTERNATIVE SOLUTION IF THEY'RE GOING TO HAVE ONE.

SO WE CAN VERY, VERY EASILY FLOW THE PROJECT ALL THE WAY TO TO 25.

AND WAIT OUT AND SEE IF WE CAN GET THE DOLLARS RATHER THAN GOING UP FRONT BECAUSE THEIR COLLEGES, THEIR LOCAL INVESTMENT IS SIGNIFICANTLY LOWER.

SO IF THEY WANT TO START THE CONSTRUCTION RIGHT NOW, THEY HAVE TO GO FOR LEASE REVENUE BONDS AND I THINK THAT IS.

DISADVANTAGEOUS BECAUSE IF THE STATE ALREADY SAID, I'M GOING TO PAY YOUR DEBT OBLIGATION.

DON'T WORRY ABOUT IT. AND THEY FIND NEW MONEY, THEY'RE VERY UNLIKELY TO GIVE THEM THE MONEY.

BUT. SINCE WE HAVEN'T GOTTEN THE BOND AND WE'RE FLOATING THE PROJECT WITH ANOTHER INVESTMENT, THAT MAY PUT US AGAIN ON THE TOP OF THE CHART IF THEY HAPPEN TO HAVE THE MONEY. SO.

CHAIR, LOU.

YEAH. OKAY.

SORRY. OKAY, FINE.

SO I'M A LITTLE.

OKAY, SO FIRST OF ALL, THANK YOU SO MUCH FOR THE PRESENTATION AND THANK YOU FOR ALL THE WORK THAT WAS DONE THESE LAST SEVERAL MONTHS.

I KNOW IT TOOK A LOT TO GET TO THIS POINT, SO I APPRECIATE EVERYTHING THAT YOU GUYS HAVE BEEN WORKING ON THIS.

I'M A LITTLE BIT MORE HESITANT NOW.

AND I THINK THE REASON WHY IS BECAUSE $68 MILLION CASH SOUNDS A WHOLE LOT BETTER THAN GOING THROUGH ANY SORT OF REVENUE BONDS, WHETHER THE STATE OR US. IT JUST SEEMS DIFFERENT, LIKE 6 TO $8 MILLION.

I THINK THAT WAS, FOR ME AT LEAST, PARTLY WHAT MOTIVATED ME BECAUSE AGAIN, AS YOU MENTIONED, DURING THE FIRST ROUND, WE SAW OUR NEIGHBORS GET MILLIONS AND MILLIONS OF DOLLARS, WHICH I'M HOPING THEY STILL GOING TO GET.

NOW, I DON'T KNOW, YOU KNOW, BASED ON THAT AND THEY WERE ABLE TO BREAK GROUND, THERE ARE SEVERAL COLLEGES THAT BROKE GROUND.

SO I THINK FOR ME, THAT WAS PERSONALLY WHY I'M LIKE, OKAY, YEAH, IF THE STATE'S GOING TO GIVE US SOME MONEY AND WE CAN RANK HIGH ENOUGH, I THINK WE SHOULD GO AFTER IT.

SO I'M A LITTLE BIT MORE HESITANT NOW, SO I'LL START WITH THAT.

THE $12 MILLION IS I RECALL THAT THE THAT WE WERE GOING TO INVEST WAS FROM OUR GENERAL FUND.

RIGHT? SO WHAT ARE WE DOING WITH THAT? WHERE IS THAT GENERAL? IS THAT A BALANCES THAT WE'VE BEEN BUILDING UP OR WHERE ARE WHERE IS IT COMING FROM? FROM OUR RESERVES.

AND PROBABLY WHAT WE WILL DO IS BRING YOU AN ITEM TO DO A BUDGET TRANSFER FROM THE RESERVES TO CAPITAL CAPITAL OUTLAY SO WE DON'T HAVE TO HAVE A NEGATIVE A NEGATIVE BALANCE FUND AT THE END.

SO WE JUST SIMPLY WILL ASK YOU FOR A BUDGET TRANSFER TO CAPITAL OUTLAY AND THEN WE WILL COVER THE EXPENSES THROUGH CAPITAL OUTLAY.

OKAY? YEAH.

AND I THINK ALSO THE REASON WHY I'M A LITTLE BIT MORE HESITANT AND I WOULD PROBABLY BE A LITTLE BIT MORE CAUTIOUS NOW, I'M NOT REALLY SURE HOW I FEEL ABOUT THAT ITEM IS ALSO BECAUSE I KNOW THIS IS GOING TO COST US MONEY TO OPERATE AND MAINTAIN, TO WHICH AGAIN, I MEAN, I UNDERSTAND THIS IS A DIFFERENT YOU KNOW, WE'RE LOOKING AT CONSTRUCTION AND WE'RE LOOKING AT THE CAPITAL COSTS.

BUT I KNOW I UNDERSTAND HOW IT'S SUPPOSED TO PENCIL OUT.

I'M JUST CONTINUE TO BE CONCERNED ABOUT OPERATIONS AND MAINTENANCE OF THIS, TOO.

YOU KNOW, LIKE THIS IS GOING TO WORK OUT.

ARE WE GETTING GET ENOUGH STUDENTS OR ARE WE GETTING I MEAN, JUST THERE'S JUST A LOT OF OTHER QUESTIONS THAT I WOULD NEED.

AGAIN, BECAUSE THIS SCENARIO IS VERY DIFFERENT.

RIGHT. I'M NOT GETTING 6 TO $8 MILLION CASH ANYMORE.

RIGHT. I'M GETTING SOMETHING ELSE. INSTEAD, I WOULD NEED TO KNOW THAT INFORMATION A LITTLE BIT MORE CLEARER BECAUSE, AGAIN, I FEEL LIKE IT'S I FEEL LIKE WE HAVE A HIGHER LEVEL OF RISK NOW.

I'M NOT AS I'M NOT AS KNOWLEDGEABLE ABOUT ALL THE FINANCING, BUT I KNOW SOME OF THE BASICS.

AND THE STATE IN THE PAST HAS DEFINITELY RENEGED ON LOTS OF THINGS, YOU KNOW, AND, AND I DON'T SEE THE BUDGET AGAIN IN MY WORLD, WHICH MY MY DAY JOB.

I MEAN, WE ARE FACING THE EXACT SAME SITUATION, TOO, RIGHT?

[01:15:02]

THEY GAVE US BILLIONS AND BILLIONS OF DOLLARS.

THE STATE WAS FLUSH WITH CASH.

YOU WERE GOING TO BE ABLE TO BUILD EVERY CAPITAL PROJECT YOU COULD IMAGINE.

AND NOW IT'S LIKE, SORRY, NOPE, YOU'RE NOT GETTING THAT MONEY.

AND AGAIN, I DON'T KNOW IF THE NUMBERS ARE GOING TO REBOUND AGAIN.

AND THERE'S SO MANY OTHER THINGS THAT ARE COMPETING FOR THE STATE'S ATTENTION IN ADDITION TO EDUCATION, TOO.

SO AGAIN, I'M A LITTLE BIT MORE HESITANT.

I DEFINITELY WOULD NEED TO HAVE A LITTLE BIT MORE COMFORT WITH, UM, WITH SOME OF THE LOGISTICS ON THE OPERATIONS AND MAINTENANCE.

FIRST, I THINK THAT'S PROBABLY MY CONCERN AT THIS POINT TOO.

THE OTHER QUESTION I WAS WONDERING, AND I'M NOT SURE IF THIS IS THE RIGHT TIME FAMILY HOUSING.

I HEARD WE WERE GOING TO DO FAMILY HOUSING.

I HAVE NO IDEA HOW THAT'S GOING TO WORK.

AND HOW IS THAT YES OR NO? NO, NOT IN THAT BUILDING.

WE DON'T DO FAMILY HOUSING IN THAT BUILDING.

WE HAVE HELPED PLACE FAMILIES THROUGH OUR RAPID REHOUSING GRANT.

BUT BUT THIS BUILDING DOES NOT ACCOMMODATE FAMILIES, NOT ACCOMMODATE HOUSING.

AND THEN THE OTHER QUESTION, I ARE THEY ARE OUR STUDENTS GOING TO BE RENTING SEMESTER TO SEMESTER OR WHAT'S THE TRANSITION PERIOD LIKE? YEAH. SO WE'RE GOING TO USE I MEAN, ALL THOSE PIECES, OBVIOUSLY WE'RE STILL TRYING TO PUT TOGETHER, BUT WE'RE GOING TO USE A VERY SIMILAR MODEL OF TRANSITIONING AS WE'RE USING IN THE VILLAGE.

THE STATE ALSO HAS SOME RULES AS A MINIMUM NUMBER OF UNITS PROGRESS TO COMPLETION.

SO IT IS NOT A PERMANENT HOUSING SITUATION FOR THE STUDENTS.

IT'S A. STUDENT HOUSING.

AS LONG AS YOU DO CERTAIN THINGS AND AS THEY GO THROUGH THE PROCESS, THEY ARE EXPECTED TO TRANSITION OUT IN A VERY SIMILAR MANNER AS WE DO WITH THE VILLAGE, MAYBE NOT QUITE AS QUICKLY AS WE DO THROUGH THE VILLAGE, BECAUSE IF YOU'RE DOING TWO YEARS OR THREE YEARS OF SCHOOLING AND YOU HAVE THE 12 UNITS THAT ARE REQUIRED, YOU'RE MAKING PROGRESSION.

THAT IS SORT OF THE MAXIMUM ALLOWED TIME THAT YOU WILL BE ABLE TO TO STAY THERE.

BUT IT'S NOT A PERMANENT HOUSING SITUATION.

IT WILL HAVE THE ENTRY POINT AND EXIT POINT, ENTRY POINT AND EXIT POINT, JUST LIKE ANY DORM WILL HAVE.

WHAT IT WILL NOT BE IS A TRADITIONAL DORMITORY IN WHICH WE CHARGE MARKET RATES AND WE PROVIDE ALL SORTS OF ALTERNATIVE AMENITIES.

BUT WHAT WE WILL PROVIDE ARE STUDY SPACES, SUPPORT SERVICES, SOMEWHAT ON A LARGER SCALE OF WHAT WE DO. CURRENTLY AT THE VILLAGE.

YEAH. SO AGAIN, I MEAN, I THINK I'M GOING TO NEED MORE OF THOSE DETAILS BEFORE I THINK I'M GOING TO FEEL COMFORTABLE USING SOME OF THAT $12 MILLION IN GENERAL FUND FOR AN INVESTMENT THAT WE MAY OR MAY NOT DO.

I GUESS THAT'S KIND OF WHERE I'M AT AT THIS POINT.

AGAIN, I JUST I MEAN, IT SOUNDED FANTASTIC WHEN IT WAS CASH.

SO THAT'S PROBABLY WHERE WHERE I'M AT RIGHT NOW.

AND THOSE ARE THINGS I WOULD LIKE TO SEE.

I NEED I PROBABLY NEED TO HAVE A MORE UNDERSTANDING AND EDUCATION ABOUT THAT.

AND A LOT OF THOSE DETAILS FLESHED OUT FIRST, EVEN BEFORE, I MEAN, 3 TO $4 MILLION IS A BIG CHUNK OF CHANGE, TOO, EVEN FOR FABULOUS.

SO THANK YOU.

THANK YOU, CHARLIE. ANY MORE QUESTIONS? UM. I'LL MAYBE A COUPLE OF COMMENTS.

I THINK THERE'S A LOT OF WORK THAT'S BEEN PUT INTO THIS TO DATE.

I DON'T KNOW AT THIS RATE IF THE STATE WILL FIGURE OUT HOW THIS IS GOING TO BE FUNDED BEFORE BEFORE ANGEL RIVERA WILL RETIRE AND WE WON'T HAVE OUR LIKE PROCURED OPERATOR AVAILABLE.

BUT MY MY THINKING IS THAT BASED ON THE MATH THAT I'VE DONE, THERE IS MONEY COMING FROM THE RENTS THAT IS LARGER THAN THE OPERATING COST ON A KIND OF ANNUAL BASIS.

HOWEVER, BECAUSE OF THE STRINGS ATTACHED BY THE STATE THAT WE'RE IN A POSITION WHERE THE REVENUES COMING OFF THE PROJECT ARE GOOD FOR ABOUT LIKE 15, 20 YEARS.

AND THEN AT THAT POINT THE OPERATING COSTS WILL EXCEED THE PROJECTED REVENUES THAT WE WOULD LIKELY BE ABLE MAXIMALLY TO TO CHARGE. THEREFORE, WE WOULD KIND OF RUN IN THE RED IN THE LAST LIKE 10 TO 15 YEARS.

THE PROJECTIONS LOOK LIKE WHAT THAT MEANS THEN IS THAT ANY ADDITIONAL REVENUES THAT WE WOULD BE ABLE TO CAPTURE IN THE EARLY YEARS WOULD NEED TO BE SET ASIDE TO BASICALLY SUBSIDIZE THAT SHORTFALL IN THE LATTER YEARS.

SO THIS IS PROBABLY A DOWNSTREAM KIND OF ALLOCATION IN TERMS OF HOW WE SET UP THAT LOCKBOX.

BUT IT SEEMS TO ME THAT WE WOULD WANT TO BE ABLE TO HAVE SOME WAY OF CAPTURING REVENUES THAT COULD A, HELP TO KIND OF CUSHION US IN THE OUTER YEARS, EVEN THOUGH ALL OF US WILL BE ON A BEACH IN BERMUDA BY THEN.

[01:20:02]

AND THEN NUMBER TWO, TO HOPEFULLY ALSO CUSHION US A LITTLE BIT FROM ANY SURPRISE PAYMENT OBLIGATION THAT WE MIGHT HAVE AT ANY TIME IN THE THREE DECADES OF UNKNOWN CALIFORNIA LEGISLATIVE DECISIONS.

YEAH, I'M NOT SURE WHERE YOU GOT ALL THIS INFORMATION FROM.

IT SEEMS LIKE YOU HAVE DONE THIS BEFORE OR SOMETHING.

TRUSTEE. BIRKEY. BUT THAT IS CORRECT.

BASED ON OUR CALCULATIONS, RUNNING BETWEEN 75 TO 80% CAPACITY AVERAGE, WE WILL BE ABOUT THE BREAKING EVEN POINT SOMEWHERE AROUND THE 20TH YEAR.

AND AFTER THAT, YES, IF WE DON'T INCREASE THE RENTS, IT WILL START DIPPING AT A HIGHER COST OF RUNNING THE FACILITY THAN WHAT WE'LL BRING IN PURE REVENUE.

NOW, THERE ARE TWO PIECES THERE.

THE FIRST ONE THAT THE INITIAL YEARS, IT WILL BE AN INVERSE CURVE, RIGHT OR UPSIDE WILL BE RECEIVED IN THE FIRST FEW YEARS WITH THE FIRST 5 TO 10 BEING WHERE WE RECEIVE THE MOST WITH THE LOWEST COST OF OPERATION AND THE LAST FIVE WHERE WE PAY THE MOST AND THE LOWEST REVENUE.

SO YOU'RE EXACTLY CORRECT.

THE REVENUE THAT WE RECEIVE AS WE GO NEED TO BE ALLOCATED FOR TWO THINGS ONGOING MAINTENANCE IN THE EVENT THAT THE STATE IS NOT GOING TO ALLOCATE MAINTENANCE FOR THAT, MAYBE LESS OF A RISK ON THAT BECAUSE REGULARLY WE RECEIVE SOME LEVEL OF MAINTENANCE ALLOCATION.

BUT THE MOST IMPORTANT ONE OF THAT IS CREATING A FUND THAT WILL ALLOW US TO INVEST THOSE DOLLARS TO BE ABLE TO COVER THE DOWNSIDE OF THAT PARTICULAR PAYMENT THAT YOU MENTIONED.

NOW, BASED ON OUR PROJECTIONS, WE TRY TO BE CONSERVATIVE ON RUNNING THE 70 TO 80, BUT SOMEWHERE AROUND THE 70 TO 75 CAPACITY, I THINK IS WHAT WE RAN, TRYING TO BE CONSERVATIVE BASED ON THE NUMBERS.

AND OUR SURVEY IS THIS VERY LIKELY THAT WE WILL BE AT CAPACITY VERY, VERY SHORTLY AFTER WE OPEN, BECAUSE THE NUMBERS THAT WE GOT OUT OF THE SURVEY, THE NUMBER OF STUDENTS WANTING TO GET IN HOUSING EXCEED THE NUMBER OF BEDS THAT WE CAN ACTUALLY BUILD. NOW, THAT SOUNDS ALL LIKE GOOD NEWS AS LONG AS IT HAPPENS THAT WAY.

THEREFORE, WE CONTINUE TO RUN OR NUMBERS IN LARGELY IN A VERY CONSERVATIVE MANNER TO BE PLEASANTLY SURPRISED, OBVIOUSLY IF WE'RE GOING TO REACH CAPACITY PRETTY QUICKLY.

BUT THE IDEA ALL ALONG HAS BEEN TO THE DIFFERENCE MAKE SURE THAT WE SET UP AT A DIFFERENT IN A DIFFERENT ACCOUNT, DIFFERENT INVESTMENT.

THE IT GROWS OVER TIME AND IS ABLE TO COVER THE DIFFERENCE.

NOW, IF THAT IS THE CASE, AS YOU MENTIONED, IF WE MAINTAIN RATES AT THAT LEVEL, THE CALCULATION ON IF WE TAKE EVERY INCREASE THAT WOULD ALLOW TO IT'S NOT HUGE, BUT IT DOES MAKE A SIGNIFICANT DIFFERENCE AND THE BREAK EVEN END UP BEING NEARLY THE 30 YEAR MARK. IF WE TAKE EVERY SINGLE INCREASE OVER OVER A PERIOD OF TIME.

SO SO OUR CURRENT PROJECTIONS ARE DONE AT TODAY'S PRICES, WHICH IS THE 717 HOWEVER, BY THE TIME WE GET OCCUPANCY, THE RATES ARE VERY LIKELY TO BE REACHING NEARLY THE $800 MARK.

SO THE LIKE FOR INSTANCE, IF WE WERE GOING TO DO IT TODAY BY THE TIME WE APPLY WAS 717 AND BY THE TIME IF WE WERE OPENING THE HOUSE IN TODAY, IT WOULD BE SEVEN 7773.

SO IT'S STILL LESS THAN 30% OF MARKET.

HIT, BUT IT CHANGES WHEN YOU MULTIPLY THAT DIFFERENT BY BY 12 AND THEN 396 BEDS.

SO, WELL, AT THAT RATE, IT'S UNLIKELY THAT WE'RE ABLE TO MAKE A PROFIT OUT OF IT.

OR CURRENT PROJECTIONS ARE ABOUT 70, 75% CAPACITY WILL TAKE US ALL THE WAY TO THE 30 YEAR MARK.

THAT IS POSSIBLE.

THERE'S A POSSIBILITY OF A VERY STRONG POSSIBILITY TO ACTUALLY BEING ABLE TO DO THE OPERATIONS, MAKE THE OBLIGATION AND MAKE MONEY.

[01:25:02]

AND OUTSIDE OF AFFORDABLE HOUSING, I THINK THE BEST WE COULD DO IS LIKE 80 OR 85% OF MARKET RATE, WHICH IS STILL AT THAT POINT IS NO LONGER AFFORDABLE.

BUT AT THAT POINT, WE CAN ACTUALLY PAY THE MORTGAGE, PAY THE MAINTENANCE AND MAKE A LITTLE BIT OF MONEY.

YEAH. AND IT SEEMS LIKE THE MONEY THAT WE WOULD.

IN ANY OF THESE SCENARIOS WE WOULD NEED TO PUT ASIDE FOR VERY SPECIFIC PURPOSES.

CORRECT. I HAVE ONE MORE QUESTION.

CHAIRPERSON IS LOOKING AT OUR OPERATIONS STRATEGY.

ARE WE STILL CONTEMPLATING A THIRD PARTY SPECIALIST OPERATOR? WE HAVE NOT CONSIDERED ANYTHING JUST YET.

WE HAVE BEEN TRYING TO FINALIZE THE MODEL IN WHICH WE DO THE TRANSITION, MAKING SURE THAT THERE IS A PROGRESSION OF THE STUDENTS, NOT ONLY THROUGH OUR ACADEMIC PROGRAMS, BUT TO THE HOUSING.

I THINK A LOT OF THOSE ISSUES NEED TO BE ADDRESSED AHEAD OF TIME IN ORDER TO HAVE CLEAR EXPECTATIONS AS THE STUDENTS MOVE IN AND CLEAR EXPECTATIONS AS TO WHAT HAPPENS IF THOSE PARAMETERS AREN'T MET.

FOR INSTANCE, I HAD THE OPPORTUNITY TO TALK ABOUT THIS LAST FRIDAY, AND THE FIRST THING THAT CAME UP WAS SOMEONE DOING A QUESTION IS, WELL, NOW YOUR STUDENTS ARE GOING TO STAY THERE FOREVER. AND IT'S LIKE, WELL, IT'S NOT THE PURPOSE OF HOUSING, PARTICULARLY THIS TYPE OF HOUSING, BECAUSE ANY STUDENT THERE FOREVER IS SOMEONE PAYING RENT FOREVER IN WHICH YOU MAKE REVENUE. SO I GUESS THAT IS A BIG DEAL.

HOWEVER, THIS IS A WAY OF HELPING OTHER STUDENTS SECURE HOUSING.

SO WE'RE TRYING TO TO TO TO GET OUR HEAD AROUND THE RULES OF THE STATE.

WHAT WE HAVE DONE AT THE VILLAGE, WHAT WE HAVE LEARNED ON GOOD AND BAD, TO CREATE THAT STRUCTURE FIRST.

AND THEN WE'RE GOING TO MOVE INTO DETERMINING HOW WE ARE GOING TO DO THE OPERATION.

WHAT WE DO KNOW ON THE OPERATION IS THE SOME OF YOU KNOW, THEY HAVE WORK OR HAVE LIVED IN STUDENT HOUSING.

YOU NEED A TEAM OF EXPERTS ON HOUSING.

YOU CANNOT JUST SIMPLY PLUG A PERSON THERE OUT OF OTHER FUNCTIONAL AREA BECAUSE THERE ARE SOME VERY SPECIFIC NEEDS AND REQUIREMENTS THAT HAVE TO BE MET.

SO SO WE'RE WORKING ON THAT.

WE OBVIOUSLY WILL OBVIOUSLY PROVIDE YOU AN UPDATE IF THE BOARD DECIDES TO MOVE FORWARD.

BUT WE WERE TRYING TO GET THE STRUCTURE OF EVERYTHING PUT TOGETHER FIRST.

ANY OTHER QUESTIONS? I THINK YOU COVERED EVERYTHING.

NO, I HAVE ONE MORE, BUT I WANT TO.

YEAH, GO. STOP TALKING AND LET OTHER PEOPLE TALK.

YOU HAVE ONE MORE? YEAH, I DO. WHO PAYS FOR COST OVERRUNS? THE MY.

ONE OF MY KIND OF BIG ISSUES ON MY EVERYDAY WORK IS DEALING WITH THE FACT THAT CONSTRUCTION COSTS KEEP ESCALATING.

AND WE'RE ANTICIPATING THAT THEY'RE KIND OF GOING TO PETER OUT HERE FOR A MINUTE.

BUT IN IN ANY CASE, AS WE'VE.

AS WE YOU KNOW, WE ORIGINALLY COSTED THIS OUT APPROXIMATELY $80 MILLION.

AND WE HAVE A CERTAIN NUMBER OF SQUARE FEET AND WE'RE LOOKING AT 396 BEDS.

ALL THAT MAKES A TON OF SENSE TO ME.

BUT IF WE IF WE HAVE A COST OF CONSTRUCTION INCREASE, HOW DOES THAT AFFECT THE PROJECT? ARE WE OBLIGATED TO FILL THE DIFFERENCE? ARE WE ALLOWED TO HAVE LESS BEDS? CAN WE REDESIGN THE PROJECT? WHAT? WHAT KIND OF THE CONSEQUENCES? SO WE CANNOT REDESIGN THE PROJECT.

THAT IS OUR COMMITMENT TO AT LEAST PUT THAT MANY BEDS.

SO, UM.

ONE OF THE PIECES THAT IS IMPORTANT TO CONSIDER IS THE WE ARE IN A TIMELINE.

SO THE LONGER WE TAKE TO THE SIDE, THE LESS LIKELY THE LESS LIKELY WE'RE GOING TO GET TO HIT THOSE NUMBERS, BECAUSE OUR CURRENT ESTIMATION, WE'RE ALREADY RUNNING LATE.

OUR CURRENT ESTIMATION IS BASED ON $2,025, ACCOUNTING FOR ROUGHLY 10% OR SO OF ESCALATION POINT.

SO IF WE GET LUCKY AND THINGS STARTED SLOWING DOWN A BIT, MAYBE WE CAN DELAY.

BUT BUT PART OF OUR ISSUE IS THAT OUR ESTIMATION WAS DONE UNDER THE ASSUMPTION THAT THE STATE WAS GOING TO DO EXACTLY WHAT THEY WERE GOING TO SAY, SO WE WOULD HAVE ALREADY BEEN IN PAPERWORK TO BEGIN BUILDING PROBABLY IN 24TH AND MIDDLE OF THE YEAR OR A LITTLE EARLIER.

SO WE ARE SORT OF IN A CRUNCH.

[01:30:01]

THE SECOND PART OF THAT IS THAT THERE IS A PROVISION WITHIN THE AMENDMENT THAT ALLOWS THE STATES TO MAKE A SMALL ADJUSTMENTS TO ESCALATION AND ALL THAT AND AND COVER THAT.

BUT AS YOU MENTIONED, THE ESCALATION COSTS AND THE TIMELINE THAT WE HAVE TO MEET IS PRETTY NARROW.

LET'S SAY THAT WE DELAY ALL THE WAY TO DECEMBER TO MAKE A DECISION AND THEN SHOULD MEET.

WE'RE TALKING ABOUT MOVING IN SOMEWHERE AROUND THE MIDDLE OF 26 OR 27 OR THE BEGINNING OF 27, WHICH WE WILL OBVIOUSLY HAVE AT THAT POINT A SIGNIFICANT IMPACT ON THE.

ON THE COAST RIGHT NOW, WE ARE SOMEWHAT OKAY IF WE WERE TO FINISH OR BE ALMOST DONE BY 25, WE ARE PRETTY COMFORTABLE THAT WE WILL HIT OUR NUMBERS PRETTY CLOSE.

I DO RECALL THAT WHEN IT WAS FIRST PRESENTED IT, IT WAS DISCUSSED THAT THE LONGER WE WAIT, THE MORE EXPENSIVE THIS PROJECT WILL BE.

EITHER WE MAKE THE DECISION AND WE GO MOVE FORWARD OR, YOU KNOW, EVERY TIME WE DELAY IT, MORE AND MORE, YOU'RE GOING TO SEE THIS COST GOING UP AND IT'S NOT GOING.

THEN YOU'RE GOING TO GET TO THE POINT WHERE WE'RE NOT GOING TO BE ABLE TO AFFORD IT.

AND SO, SO, SO, YEAH, THAT IS SOMETHING TO CONSIDER.

OBVIOUSLY, SOME OF THE INFORMATION THAT TRUSTEE PEREZ HAS IS FAIR AND WE HAVE SOME OF THAT INFORMATION THAT WE CAN BRING BACK TO THE BOARD.

WE PUT SOME OF THAT ANALYSIS ON WHEN WE FIRST BEGAN THE PROCESS, BUT I THINK IT'S WORTH UPDATING IT AND BRING IT BACK TO YOU. SO YOU CAN MAKE OBVIOUSLY AN INFORMED AND TRANSPARENT DECISION.

YES, YOU ARE CORRECT.

IF IF THE STATE DOES NOT FIND THE MONEY OR THE SNOW, SECURE THE MONEY THROUGH A DIFFERENT SOURCE, THERE IS A RISK BECAUSE WE WILL HAVE TO CARRY THE OBLIGATIONS.

THAT IS ALSO A COMMITMENT THERE.

THE AS TRUSTEE PEREZ SAID, SOMETIMES I MEAN, WE JUST EXPERIENCE THAT THEY CHANGE THEIR MIND.

SO SO, YES, IT'S AN INHERENT RISK THERE.

THERE IS ALSO A GUARANTEE IN WHICH THEY ARE CLEARLY PUTTING IN LEGISLATION THAT THEY WILL COVER THOSE OBLIGATIONS FOR 30 YEARS.

AND YES, I UNDERSTAND THAT SOMETIMES THEY CAN REVERSE DECISIONS.

IT IS A LITTLE HARDER FOR THEM TO THEN REVERSE THAT DECISION WHEN IT'S ALREADY LEGISLATED AND UNOBLIGATED.

BUT I DON'T WANT TO MINIMIZE THE RISK THAT WE WILL BE TAKING IF THAT WAS THE CASE.

HOWEVER, THAT WILL NOT BE UNTIL PROBABLY THE END OF NEXT YEAR IF WE WERE GOING TO DO THAT.

BUT IF YOU WERE NOT SURE TO DO IT AND ASSUME THE RISK, IF THAT WAS WHAT I WAS GOING TO OR WE WERE GOING TO DO, I.

IT'S I'M SAYING THIS WITH A LOT OF WITH A HEAVY HEART.

I WILL SAY JUST DON'T DO IT BECAUSE WE ARE GETTING TO THE POINT THAT WE'RE GOING TO SPEND THREE, $4 MILLION.

AND IF WE DECIDE IN A YEAR THAT WE DON'T WANT TO DO THE LEASE REVENUE BONDS, THOSE 3 OR $4 MILLION, WELL, I WOULDN'T SAY THAT ARE COMPLETELY LOST.

THEY WILL BE LARGELY LOST BECAUSE EVEN IF THEY ARE REDUCED TO THE COST AND EVERYTHING, WE WILL HAVE TO PAY AGAIN TO UPDATE THE STUDIES AND TO UPDATE OUR SUBMISSIONS AND SO ON AND SO FORTH. SO I THINK IT IS IT IS IT IS IMPORTANT TO, ONE, MAKE AN INFORMED DECISION AND TWO, TO MAKE A CONSISTENT DECISION THAT WE'RE GOING TO CARRY THROUGH ON THE KNOWINGLY THAT THERE IS A POSSIBILITY THAT WE GET THE MONEY AND A POSSIBILITY THAT WE HAVE TO GO AND GET THE LOAN, BUT CARRYING THE PROCESS ALL THE WAY TO THE END SO WE MAXIMIZE OUR DOLLARS, MAXIMIZE OUR EFFICIENCIES AND MINIMIZE THE TURNOVERS.

YES, I THINK JUST TO GO BACK TO THAT SAME KIND OF QUESTION AND RISK ASSESSMENT IS IT'S ALMOST OCTOBER, RIGHT? BY THE TIME WE HAVE AN IDEA OR AT LEAST A CLEAR PICTURE OF WHERE THINGS ARE HEADED.

WITH THIS STATE LEASE REVENUE BOND OR IT SOUNDS LIKE THERE'S OTHER STRATEGIES ON THE TABLE.

IF THE STATE IS GOING TO ABSORB THE FINANCING RISK, IT SEEMS TO ME WE WOULD NORMALLY KNOW THAT LIKE LATE SPRING, MIDDLE OF THE YEAR.

IS THAT AN UNFAIR ASSUMPTION THAT TO TO CUT POINTS, THE FIRST ONE SHORTLY AFTER THEY RECEIVE ALL THE TAX REVENUE.

[01:35:08]

THE OLD TAXES ARE DUE.

SO SHORTLY AFTER THAT THERE WILL BE THE FIRST DECISION MAKING POINT.

BASED ON THE INFORMATION THAT I HAVE RECEIVED.

AT THE MOMENT IT LOOKS LIKE WE ARE AHEAD ON WHAT THEY WERE EXPECTING IN TAXES, WHICH MEANS THAT MONEY WAS NOT NECESSARILY BUDGETED.

SO THE CONVERSATION THAT I HAVE HEARD AND I HAVE BEEN PART OF IS THAT THEY ARE GOING TO ALLOCATE SOME DOLLARS TO PROJECTS THAT WERE NOT FUNDED OR NEW PROJECTS, WHETHER IT IS THIS OR NOT.

THAT PART I DON'T KNOW.

BUT IT SEEMS THAT THERE IS GOING TO BE SOME MONEY LEFT.

SO THAT IS GOING TO BE PROBABLY THE FIRST DECISION POINT AND THEY PROBABLY WILL DO THAT AT SOME POINT OF NOVEMBER, MAYBE EARLY DECEMBER, ONCE ALL THE CALCULATIONS ARE DONE.

THE NEXT DECISION POINT IS DURING THE JANUARY BUDGET FROM THE GOVERNOR.

AND FROM THERE, THE CLOCK STARTS TICKING BECAUSE THE THE LEGISLATORS HAVE UNTIL THE END OF THE 24 FISCAL YEAR TO MAKE A DECISION ON THE ALTERNATIVE METHODS OF FINANCE.

SO IF THEY DON'T MAKE A DECISION DURING THE FIRST DECISION MAKING POINT, WHICH WILL BE COLLECTING THE ADDITIONAL TAXES, THIS WILL CARRY US ALL THE WAY TO PROBABLY AS EARLY AS MAY OR MAYBE THE END OF JUNE.

SO AT THAT POINT, IT HAS GONE WAY TOO MUCH TIME FOR US TO TO WAIT.

SO THE RIGHT I GUESS WHAT I'M THINKING ABOUT IS IN TERMS OF A DESIGN SCHEDULE, WE ALREADY HAVE A CONCEPT DESIGN.

WE'RE NOT QUITE AT SCHEMATICS, CORRECT.

SO IF WE WERE TO GET THE ARCHITECT FIRED UP AGAIN, WE'RE ALREADY TALKING BEGINNING OF NOVEMBER.

AND SO BY THE TIME WE'RE ACTUALLY SPENDING $1 MILLION ON ARCHITECTURAL FEES, WE'RE ALREADY AT A POINT WHERE WE HAVE A PRETTY CLEAR IDEA.

SO THAT'S THE KIND OF EXPENDITURE ISN'T QUITE $4 MILLION BEFORE WE HAVE AN IDEA, IT'S ACTUALLY A FRACTION OF THAT AS MY YOU ARE CORRECT.

SO WHAT I'M TALKING ABOUT 3 TO $4 MILLION.

I'M TALKING ABOUT ALL ARCHITECT'S DESIGNS, DSA, ANY FEES ASSOCIATED WITH THAT? AND THAT IS A PRETTY HIGH ESTIMATE.

CHANCES ARE BY THE BY JANUARY OR SOMETHING, WE'RE PROBABLY NOT EVEN A MILLION IN BECAUSE SECURING THE FIRM AND GOING TO BID AND DOING THE FIRST DESIGNS, THAT IS NOT GOING TO COST US ALL THAT MONEY.

I'M TALKING ABOUT ALL IN PRE-CONSTRUCTION, PROBABLY 3 TO 4 MILLION AT MOST.

WE'VE BASICALLY EVERYTHING BEFORE YOU START HAVING TO SHUFFLE THINGS AROUND.

YEAH, I GUESS WHAT I'M TRYING TO ARTICULATE AND HOPEFULLY IT'S HELPFUL FOR MY FELLOW TRUSTEES IS THAT WE HAVE OFF RAMPS BEFORE WE GET WE GET ALL THE WAY DOWN THE ROAD.

CORRECT ON THAT.

SO IF A IS AGREEABLE TO ALL OF YOU, WE CAN BRING THE ADDITIONAL DATA FOR THE 18 OR NEXT FOR MEETING.

ANDRE. AND ON ANSWER ALL OF YOUR QUESTIONS, BRING THE ADDITIONAL INFORMATION. BUT AGAIN, IT'S NOT NECESSARILY.

A PRESSURE.

BUT GIVEN THE ESCALATION COST AND WHAT OUR REQUEST WAS, OBVIOUSLY WE'RE GOING TO HAVE TO MAKE A DECISION IN A RELATIVE SHORT PERIOD OF TIME.

THIS IS A STUDY SESSION, RIGHT.

SO WE'RE NOT VOTING. YEAH.

NO, YOU CAN'T VOTE HERE.

WE'RE NOT VOTING. SO IT SOUNDS LIKE THIS YOU CAN PROVIDE THAT ACTION, BUT YOU CAN'T VOTE.

WE WERE JUST THEY WERE JUST DOING THE PRESENTATION SO WE COULD FIGURE OUT IT'S JUST A STUDY SESSION.

YEAH. I MEAN, SO FAR, I THINK IT MAKES SENSE TO PROCEED.

AND THERE'S NO DELAYING LIKE WE'RE TALKING ABOUT.

IT'S NOT TO OUR ADVANTAGE.

SO I AGREE, BUT.

THIS ISN'T ONCE WHERE WE MEET AGAIN, AND THEN WE CAN VOTE AND THEY BRING US MORE INFORMATION.

BUT. TO ME, IT LOOKS LIKE THE LONGER WE WAIT.

THE LESS BENEFICIAL IT IS FOR US AND IT'S GOING TO BE MORE COSTLY.

IS THE WAY I'M LOOKING AT.

YOU PROBABLY KNOW MORE THAN I DO.

I AGREE WITH YOU. NOT ON THAT LAST POINT.

THE. IF I MAY.

ARE YOU ARE YOU SAYING THAT YOU WOULDN'T HAVE A PROBLEM FOR US PROCEEDING WITH THE RFP PROCESS FOR ARCHITECTURAL SERVICES? BECAUSE THAT'S THAT'S GOING TO BE A TIMELINE THAT WE'RE TRYING TO FAST TRACK TO POTENTIALLY GET TO THE NOVEMBER BOARD AGENDA.

[01:40:05]

IF WE WAIT ANY FURTHER, WE'RE LOOKING, YOU KNOW, IF IF WE'RE GOING TO GET DIRECTION IN OCTOBER, YOU'RE REALLY LOOKING UNTIL JANUARY BEFORE WE CAN ACTUALLY BRING ANYTHING TO THE BOARD FOR APPROVAL TO GET GET STARTED.

SO I JUST WANTED TO MAKE SURE I'M CLEAR BEFORE WE GO.

I JUST WANT TO MAKE SURE WE WOULD NOT BE ACTUALLY AWARDING THE CONTRACT BY OCTOBER.

RIGHT. JANUARY. I KNOW YOU'RE SAYING YOU'RE RELEASING THE RFP.

YEAH. OUT ON THE STREETS, GET EVERYTHING BECAUSE WE CAN ALWAYS PULL THAT BACK IN THE OCTOBER BOARD MEETING.

YEAH. YEAH.

OBVIOUSLY WE DON'T EVEN HAVE TO TAKE IT TO THE BOARD.

IF THE BOARD, YOU KNOW, WE CAN GO THROUGH THE WHOLE RFP PROCESS AND IF WE CHOOSE NOT TO PROCEED, THEN WE JUST CHOOSE NOT TO PROCEED.

I THINK THAT WOULD BE FINE. OKAY.

THAT WOULD BE FINE. I JUST WANT TO MAKE SURE WE'RE NOT.

I REALIZE IT'S A LOT OF WORK.

YEAH. I JUST WANTED TO MAKE SURE THAT EARLIER WE GET GOING ON THAT PROCESS, WE CAN GET IT OUT IN THE STREET, GET THAT BALL GOING.

WITH THE CAVEAT THAT THE BOARD STILL HAS THE OPPORTUNITY BECAUSE OBVIOUSLY THE BOARD STILL HAS TO APPROVE THE CONTRACT AT THAT TIME.

YOU CAN EITHER SAY YAY OR NAY AT THAT.

AT THAT POINT, THERE'S NO COMMITMENT OR OBLIGATION OR ANY ADDITIONAL COSTS BESIDES TIME.

IT'S JUST THE PRESENTATION, AN RFP, WHETHER WE'RE GOING TO MOVE FORWARD WITH THE WITH THE ARCHITECTURAL FIRM AND WE'RE GOING TO MOVE FORWARD WITH WHATEVER WE'RE DOING.

IT'S JUST GETTING THAT OUT THERE SO THAT PEOPLE CAN BID.

RIGHT IN NOVEMBER.

RIGHT. OR JANUARY.

I'M HONESTLY I'M TRYING TO FAST TRACK IT AND TO POTENTIALLY GET AN ACTUAL APPROVAL FOR ARCHITECTURAL SERVICES AT THE NOVEMBER.

THAT WOULD BE PUSHING IT BUT THAT TO MEET THIS THAT'S WHAT WE'RE TRYING TO ACHIEVE.

SO AT OUR NEXT BOARD MEETING.

SO IT GIVES US TIME FOR ANOTHER BOARD MEETING TO HAVE CONTINUED DISCUSSIONS REGARDING THIS.

AT ANY POINT WE CAN EITHER END THE PROCESS.

IF THE BOARD CHOOSES TO BASICALLY SAY, NO, THIS IS NOT THE DIRECTION WE WANT TO GO, BUT, YOU KNOW, IF WE'RE OKAY WITH MOVING FORWARD, THEN NO HARM, NO FOUL. THE PROCESS IS STILL GOING ON.

WHAT'S THE ROLE OF SERVETUS AT THIS POINT? RIGHT NOW, NOTHING.

SO BECAUSE SERVETUS WAS HIRED AS OUR CONSULTANT ON THE APPLICATION PROCESS, SO THEY WERE BROUGHT IN AS THE STUDENT HOUSING EXPERT AND GOING THROUGH THE PROCESS, UM, I TRULY BELIEVE THAT THEY ARE A RESOURCE THAT IF THIS WAS GOING TO PROCEED, THAT THAT WOULD BE A REQUEST RECOMMENDATION WE WOULD WANT TO BRING TO BOARD TO BRING THEM ON AS A CONSULTANT THROUGH THE ACTUAL STUDENT HOUSING PROCESS TO HELP FINALIZE IS REALLY THE OPERATIONAL WHETHER OR NOT WE'RE GOING TO DO THAT IN-HOUSE OR OUTSOURCE THAT AND JUST FUNDAMENTALLY GOING THROUGH THE PROCESSES OF THAT BECAUSE THEY HAVE A LOT OF HOUSING EXPERIENCE THROUGHOUT THE STATE WORKING WITH OUR NEIGHBORS DOWN THE STREET AT COAST.

I KNOW THEY'VE ALSO WORKING IN UP IN NORTHERN AT SANTA ROSA, SANTA ROSA AS WELL.

SO AND THEY'VE DONE A LOT OF STUDENT HOUSING WITHIN THE CSU ARENA AS WELL.

SO THEY WOULD BE A RESOURCE.

BUT RIGHT NOW WE HAVE NO OBLIGATION WITH THEM AT THE MOMENT.

OKAY. I MEAN, I KNOW THEM AS A STUDENT HOUSING DEVELOPER AND OPERATOR ON BEHALF OF INSTITUTIONS.

I, I DON'T KNOW IF THEY ARE OR NOT REALLY THE THE BEST FOR US PER SE.

I MEAN, OBVIOUSLY THEY KNOW THE PROJECT REALLY WELL, BUT IT SEEMS TO ME THAT IT MAY MAKE SENSE TO HAVE SOME SORT OF.

STRATEGY THAT RELATES TO KIND OF NON LEVERAGING EXPERIENCE FROM FROM THE INDUSTRY.

AND THAT WAS MY THAT WAS ALSO MY THOUGHT RELATIVE TO OUR HAVING AN ARCHITECT, RIGHT? BECAUSE IF WE HAVE AN ARCHITECT, WE WOULD WANT THEM TO BE UNDERNEATH THE DEVELOPER.

MHM. OPPOSED.

LIKE, ARE WE GOING TO DO THIS DESIGN, BUILD, DESIGN, BID, BUILD LIKE A CM AT RISK? DO WE HAVE LIKE A YEAH, YOU KNOW, WE WOULD PROBABLY FOLLOW A CURRENT MODEL OF ALL OF OUR PROJECTS, WHICH WE'D PROBABLY HAVE A MULTIPLE TIME ON THAT HOW WE WOULD TYPICALLY CONSTRUCT ANY OF OUR BUILDINGS ON THERE.

SO LIKELY WE'D HAVE TO BRING IN A CM AS WELL ON THAT TO HELP WITH THAT WITH THAT PROJECT AS WELL.

THERE'S NO WAY TO EXPEDITE THAT.

GOING BACK TO THE WHOLE COST, LIKE THERE'S NO OTHER ALTERNATIVE METHOD.

FOR MONEY.

[01:45:01]

UM, I KNOW THERE'S A LOT OF DIFFERENT METHODS THAT ARE BEING TESTED IN THE CONSTRUCTION INDUSTRY RIGHT NOW.

I JUST DON'T KNOW IF IT APPLIES TO NOW.

SHE WANTS TO BUILD IT FASTER.

NO, I MEAN, I DON'T. YEAH, I'M NOT SURE IF I WANT TO BUILD IT, PERIOD.

BUT IF WE'RE GOING TO BUILD IT, IT NEEDS TO BE.

WELL, MARIANA IS RIGHT.

THE COST EVERY DAY IS INCREASING.

YEAH, IT'S INCREASING.

I THINK ONE OF THE REASONS WHY WE WENT THROUGH THE CM MULTI PRIME WAS COST FACTOR.

BEING ABLE TO CONTROL, SCHEDULE, TIMING, ALL THAT STUFF.

THAT'S ONE OF THE MODELS WHY WE CHOOSE TO DO THAT VERSUS HAVING A GENERAL GC WITH SUBS UNDERNEATH THAT, THAT TENDS TO BE EXPENSIVE. PLUS YOU ALREADY HAVE A, YOU KNOW, A CM ALREADY KIND OF HELP MANAGING IT OVERALL.

SO YOU ALMOST REALLY CUT THAT, THAT PIECE OF THAT COST OUT OF THAT BY DOING CM MULTI PRIME.

WELL SEE A MULTI PRIME IS ON THE LIST.

I MEAN, THERE'S A LOT OF PUBLIC PRIVATE PARTNERSHIP EXAMPLES, BUT I DON'T THINK THEY REALLY ARE APPLICABLE IN THIS CASE.

I THINK WHAT'S UNIQUE WITH THE STUDENT HOUSING IN OUR CASE IS THE AFFORDABLE PIECE AND THE STRINGS ATTACHED TO THE STATE.

IN A NORMAL PROCESS, YES, YOU WOULD BRING A DEVELOPER AND POTENTIALLY HAVE A P3 TYPE OF PROJECT AND AND STUFF.

WHAT COMPLICATES THIS IS THE STATE'S INVOLVEMENT IN THE PROJECT ON THAT.

AND, YOU KNOW, THE ABILITY NOT TO BE ABLE TO CHARGE MARKET RATES, WHICH THEN KIND OF GOES INTO, YOU KNOW, OPERATOR, IS IT REALLY COST EFFECTIVE FOR AN OPERATOR TO COME IN HERE AND OPERATE IT AND ADEQUATELY CASH FLOW? BECAUSE USUALLY THE OPERATOR WILL TAKE A CUT OUT OF THE REVENUES AND, YOU KNOW, WAS, YOU KNOW, IS THAT GOING TO REALLY WORK OUT? IS THERE ENOUGH CASH FLOW TO BE ABLE TO SUPPORT BOTH OPERATIONS AND THE CUT OF THE OPERATOR? YOU KNOW, THAT'S STILL, YOU KNOW, HARD TO TELL AT THIS POINT AS WE GO THROUGH THAT PROCESS ON THAT.

SO. I MEAN, IT SEEMS TO ME LIKE.

I'M NOT AN EXPERT ON THE DIFFERENCES BETWEEN CM MULTI PRIME CM AT RISK.

I KNOW THEY'RE REALLY SIMILAR, BUT IT SEEMS TO ME LIKE THAT WOULD BE A COMPLETELY REASONABLE WAY TO GO.

UM, I, I JUST THINK IT'S WHAT I'M MOST NERVOUS ABOUT IS EVEN THOUGH I LOVE THE DESIGN ELEMENTS, IS REALLY THINKING ABOUT THE CONSTRUCTION COST RISK.

SO HOW QUICKLY CAN WE GET TO A GMP? SO WE HAVE A GUARANTEED MAXIMUM PRICE.

AND ONCE WE'RE AT A GUARANTEED MAXIMUM PRICE, THEN WE CAN HAVE SOME COMFORT THAT WE AREN'T GOING TO HAVE TO GO INTO SOME COUCH CUSHION SOMEWHERE.

YOU KNOW, THE OTHER THING, AGAIN, WE'LL HAVE TO SPEND MONEY BY THAT TIME.

BUT, YOU KNOW, OBVIOUSLY WE HAVE A BUDGET THAT WE'RE DEALING WITH, RIGHT? AND IF WE DO BID THE JOB AND, YOU KNOW, WE KNOW THAT IT'S WAY OVER COST AND, YOU KNOW, THE DISTRICT ISN'T WILLING TO PROVIDE ANY ADDITIONAL RESOURCES AT THAT AT THAT POINT, YOU KNOW, WE CAN ALWAYS CUT OUR LOSSES AT THAT POINT.

AGAIN, IT'S GOING TO BE MINIMAL ON THE OVERALL GRAND SCHEME OF THINGS, BUT WE STILL HAVE THAT AS THE SAFETY NET BEFORE WE GO REALLY OFF. AND AT THAT POINT, WE DON'T NECESSARILY NEED TO FINANCE DEBT AT THAT POINT EITHER BECAUSE WITH THE 12 MILLION, WE HAVE ENOUGH TO GET US TO THAT POINT. WE'RE NOT GOING TO SPEND NEARLY THE 12 MILLION, BUT WE'LL SPEND A FRACTION OF THAT.

BUT THAT IS ALSO ANOTHER SAFETY NET AT THAT POINT OF EVALUATING WHEN THE BIDS AND THE ACTUAL TRUE COST.

BECAUSE AS WE GO THROUGH THIS ARCHITECTURAL PRICE, WE CAN START BRINGING TO THE BOARD ESTIMATING BECAUSE WE'LL DO SOME ESTIMATES OF OF OF COSTS FOR THE PROJECT AS WE GET CLOSER BASED ON CURRENT MARKET RATES.

AND OBVIOUSLY WE CAN TELL IF THOSE COSTS ARE REALLY COMING IN EXTREMELY HIGH, WE CAN BRING THAT TO THE BOARD'S ATTENTION AND SAY, LOOK, AT THIS POINT WE'VE BEEN EVALUATING THIS PROJECT.

IT'S NO LONGER 80 MILLION PROJECT, IT'S NOW $100 MILLION PROJECT, WHICH MEANS IS THAT $12 MILLION COMMITMENT WOULD NOW NEED TO BE, YOU KNOW, DOUBLED OR SOMETHING.

AND THEN AT THAT POINT, WE CAN, YOU KNOW, MAKE A DECISION THERE IF THE IF THE WORRY IS ON CONSTRUCTION COST ON THAT.

AND SO WE DON'T HAVE TO COMMIT OURSELVES INTO THOSE PRICES, WE WE'LL KNOW THAT LEADING UP TO THAT AND WE CAN PROVIDE THAT INFORMATION AS WE GO THROUGH THE SCHEMATIC DESIGN AND PROCESS AND THEN PROVIDE THAT UPDATES ON THE ON THE BUDGETS ON THAT.

SO OKAY.

I MEAN, DON'T GET ME WRONG. I ALSO WANT SOME I WANT IT BOTH WAYS BECAUSE I WANT SOME REALLY KILLER SPACES FOR STUDENTS TO INHABIT THAT ARE OUTSIDE THE BEDROOMS AND KIND OF PART OF SOCIALIZATION AND COMMUNITY BUILDING.

I THINK THAT WOULD BE REALLY IMPORTANT.

[01:50:03]

THE ONLY THING I JUST TRY TO MANAGE IT BECAUSE WE'RE LOOKING AT SPREADSHEETS RIGHT NOW.

THAT'S YOUR JOB. THAT'S MY JOB.

OKAY. ANYTHING ELSE? SOUNDS LIKE WE'RE MOVING FORWARD, RIGHT, WITH THE RFP PROCESS.

TO YOUR POINT, JUST FOR THE RECORD.

VICE PRESIDENT LOPEZ, THAT ME THINKING ABOUT SPENDING A SMALL AMOUNT OF MONEY NOW, LIKE WHETHER IT'S HALF 1 MILLION OR $1 MILLION ON THE SCALE OF AN $80 MILLION PROJECT, WE MAY BE SAVING THAT AMOUNT OF MONEY PLUS ON THE BACK END BY BEING ABLE TO ACCELERATE THE PROJECT TIMELINE.

THANK YOU. RIGHT. OKAY.

THANK YOU FOR THE PRESENTATION.

GUESS. NO, NO.

NO VOTE, RIGHT? NO, NO VOTE. THIS IS ALL RIGHT.

SO WE'RE GOING TO MOVE ON TO REPORTS AND COMMENTS FROM THE DISTRICT OFFICIALS.

[3.01 Reports and Comments from District Officials]

OH, DR.

SALAZAR. NO REPORT.

THANK YOU. THANK YOU. ALL RIGHT.

TRUSTEE. PACHECO.

FIRST, I WANT TO THANK GREAT PRESENTATION ON THE HYFLEX.

I THINK IT'S IT'S IMPORTANT THAT WE DO MOVE FORWARD WITH SOMETHING LIKE THIS BECAUSE EVERYTHING IS CHANGING.

AND I THINK THAT'S GOING TO BRING OUR STUDENT ENROLLMENT UP BECAUSE OF THE CHANGES WE MAKE.

SO I WANT TO THANK THEM FOR THE GREAT PRESENTATION AND THE FACT THAT WE'RE INNOVATIVE AND WE'RE MOVING FORWARD WITH NEW IDEAS AND NEW WAYS OF GIVING INSTRUCTION.

BECAUSE I DO KNOW THAT THE PANDEMIC REALLY HEIGHTENED THIS, THE USE OF TECHNOLOGY.

AGAIN, THANK YOU FOR THE PRESENTATION ON STUDENT HOUSING.

I KNOW THE IMPORTANCE AND HOW IMPORTANT IT IS THAT WE GET MOVING ON SOMETHING, WHETHER WE DECIDE LATER ON TO APPROVE IT OR NOT, BUT AT LEAST GET US GOING SO WE DON'T WE'RE NOT BEHIND ON ON THIS PARTICULAR PROJECT BECAUSE I THINK IT'S IMPORTANT FOR THE STUDENTS AND I THINK IT'S IMPORTANT FOR OUR FOR OUR COLLEGE TO BE ABLE TO PROVIDE THAT TYPE OF HOUSING FOR STUDENTS BECAUSE WE SEE THE NUMBERS OF HOW MANY STUDENTS REALLY NEED HOUSING IN ORDER FOR THEM TO CONTINUE THEIR EDUCATION. SO THANK YOU SO MUCH FOR YOUR EFFORTS AND EVERYTHING YOU'VE DONE UP TO THIS POINT.

THAT'S IT. TRUSTEE.

BIRKEY. NO REPORT.

TRUSTEE. PEREZ.

YES. THANK YOU VERY MUCH.

THE ONLY THING I HAD IS LAST WEEK I ATTENDED THE CHANCELLOR'S OFFICE, HOSTED A DI.

NO, ACTUALLY, THIS IS THE LEAGUE.

IT WAS THE LEAGUE WHO HOSTED THE DI A TOWN HALL.

AND ABOUT HOW DEA IS GOING TO NOW BE REQUIRED AS PART OF EMPLOYEE EVALUATIONS.

SO MAYBE IF DR.

GUTIERREZ CAN NEXT MONTH, JUST KIND OF GIVE US A QUICK UPDATE ABOUT WHAT THAT MEANS AND HOW WE'LL BE ADDING THAT AS PART OF, I GUESS, OUR EFFORTS TO ASSESS AND EVALUATE OUR EMPLOYEES. THAT WOULD BE REALLY HELPFUL.

I JUST ALSO WANTED TO JUST AGAIN SHARE THAT TOMORROW IS THE CHANCELLOR'S OFFICE DEA SUMMIT, RIGHT? THAT IS GOING ON TOMORROW.

AND I KNOW DR. BRAMMER IS ABLE TO GO AND REPRESENT THE COLLEGE THERE.

SO AGAIN, JUST WANTED TO UPLIFT THAT AND THANK EVERYBODY WHO WORKS ON THAT EFFORT.

I MEAN, IT'S SOMETHING, AS WE KNOW, THAT CHANCELLOR CHRISTIAN IS VERY, VERY FOCUSED ON.

SO I'M GLAD THAT WE ARE CONTINUING TO DO WORK ON THIS.

THANK YOU. TRUSTEE GREEN.

NO REPORT.

I JUST WANT TO THANK EVERYONE FOR THE EVENT YESTERDAY ABOUT THE EPISODE ON THE COLLEGE TOUR.

WE HAD A GOOD TIME.

THE STUDENTS WERE VERY EXCITED TO BE THERE, SUPER HAPPY.

I MEAN, THEY WERE VERY HAPPY.

WE HAD ONE OF THEM COME TO THE OFFICE TO VISIT TODAY AND ASK FOR SOME ADDITIONAL RESOURCES, WHICH ESSENTIALLY PART OF THE REASON OF DOING THAT IS TO CONTINUE TO MAINTAIN OUR STUDENTS ENGAGED.

SO IT WAS A GREAT WORK BY EVERYONE INVOLVED.

SO THANK YOU FOR THAT. TODAY WE HAD THE NEW EMPLOYEE RECEPTION ALSO A GOOD TIME AND IT SEEMS THERE ARE A LOT OF OUR NEW EMPLOYEES ARE STARTING TO SETTLE INTO THEIR JOBS AND FINDING A CERRITOS COLLEGE A WELCOMING PLACE, WHICH IS ALSO VERY EXCITING.

A LOT OF WORK TO TO TO BE DONE.

ON SOME OF THE NEW INITIATIVES FROM CHANCELLOR CHRISTIAN.

[01:55:02]

WE SPENT A BIT, A BIT OVER HALF A DAY GOING OVER THE DIFFERENT INITIATIVES, THE DIFFERENT PROGRAMS, AND IT SEEMS THAT THERE IS A LOT OF INTEREST OR KPI TEAM GROWING.

AMBER AND FRANK ARE CONTINUING TO MAKING THEIR ROUNDS ACROSS ALL THE DIFFERENT DIVISIONS.

POSITIVE RESULTS FOR THE MOST PART, GRADUATING 50% OF ALL THE STUDENTS IN FIVE YEARS OR LESS, WHICH IS OUR GOAL, IS BEING WELL RECEIVED. LARGELY.

THERE ARE SOME INFRASTRUCTURAL ISSUES THAT WE'RE TRYING TO CORRECT IN THE BACK END SO WE CAN PROVIDE THE SUPPORT AND TECHNOLOGY THAT IS NEEDED IN ORDER TO TO HELP US ACHIEVE THOSE GOALS AND.

AND HOPEFULLY BY JANUARY WE WILL BE ABLE TO BE MOVING FORWARD IN SOME OF THE IMPLEMENTATION OF THE INFRASTRUCTURE THAT WE NEED.

SO WE'RE ALL GOOD START.

A LOT OF GREAT INITIATIVE AND THANKS EVERYONE FOR BEING INVOLVED AND SUPPORTING THE WORK THAT WE'RE DOING FOR OUR STUDENTS.

THANK YOU SO TRUSTEE, PACHECO AND TRUSTEE, PEREZ AND I, WE ATTEND THE COLLEGE TOUR YESTERDAY.

IT WAS A GREAT SHOW.

THANK YOU, ANDREA.

AND THANK YOU, DR. VIEIRA.

GREAT JOB. THANK YOU.

AND THAT'S MY REPORT.

AND WE HAVE FOUR ITEMS IN THE CLOSED SESSION.

[4. Closed Session]

OKAY. AND BEFORE WE END AND WE GO TO CLOSED SESSION, I WANT TO WISH ZURICH LEWIS A VERY HAPPY BIRTHDAY.

SINCE HE'S NOT HERE AND HE'S WITH HIS FAMILY, ENJOYING HIS BIRTHDAY.

SO HAPPY BIRTHDAY.

RISES AS EXECUTIVE VICE PRESIDENT TO EXECUTE THE SETTLEMENT AGREEMENT WITH CLEMENT BERNIE SANDOVAL

[5.01 Reconvene to Open Session]

THE VOTE FOR APPROVAL WAS SIX I AND ZERO NO.

ONE ABSENT.

TRUSTEE. ZURICH.

LEWIS. THAT'S THE END OF THE MEETING.

* This transcript was compiled from uncorrected Closed Captioning.