AAV May 2010 Agenda Item 30 Attachment 4
Accessible Alternative Version (AAV) of the May 2010 State Board of Education Meeting Agenda Item 30 Attachment 4 (pages 33-35).The following text is an AAV for agenda item 30, attachment 4 (PDF), pages 33-35 for the State Board of Education meeting on May 5-7, 2010.
Page 33
April 9th, 2009
Dear Adelanto School District,
On behalf of Southern California Charter Schools (SCCS), I would like to share with you our support of the charter school petition presented to your district by SCCS.
Providence Financial Company (PFC) has been a pioneer in promoting advantageous methods to finance charter school facilities since 2003. PFC is the largest charter school financial advisor in the country, having worked on over $300 million of charter school financings.
Charter schools have historically had significant difficulty financing facility purchases as they do not have access to proceeds from general obligation bond issues and usually do not have adequate equity and cash flows to meet bank lending requirements. PFC has been a pioneer in structuring financing programs to benefit charter schools through the use of various financial products and enhancements including tax-exempt conduit bond issues, bank letter of credit-enhanced bond issues, rated bond offerings, USDA-guaranteed loan/bond hybrid structures, syndicated mini-perm bank loans, new market tax credits and government funded enhancements. PFC has the knowledge and experience to help individual charter schools access the financing product that fits their needs and qualifications.
As the financial advisor to SCCS, we are excited to support the school as we have introduced them to an investor group that will be working with charter school to purchase land and construct a school located at the Southern California Logistical Airport. The investor group is the Charter School Fund.
Due to the great demand from parents and students in your area, an incredible curriculum that will only give your district more educational options, and the strong educational experience of the core leadership group, it is my belief that SCCS will be an outstanding charter program for the High Desert and worthy of sponsorship by your district. My belief is with an emphasis of teaching leadership and commitment by the SCCS program, this will only strengthen the quality of the students in your community and district.
Please contact me personally if you have any direct questions or would like to learn more about the value my organization brings to SCCS.
Best Regards,
Jason Lane
Providence Financial Company
25373 Playa Serena Drive
Valencia, CA 91381
Phone (661)753-6330
Page 34
April 7, 2009
Board of Trustees
Adelanto School District
11824 Air Expressway
Adelanto, CA 92301
The Charter School Fund is proud to write this letter of support for SCCS. It is our opinion that SCCS has a very unique model, which will address a real need within the targeted community. SCCS has assembled a very talented leadership team with a depth and breadth of experience which is rarely if ever seen at this stage of charter development.
There are many schools that have approached us for assistance with their facility construction and development but there are few projects that we get as excited about asthis one.
Best regards,
Ryan Van Alfen
Page 35
April 27, 2009
Adelanto School District
Att: Board of Trustees
11824 Air Expressway
Adelanto, CA 92301
Board of Trustees:
I am pleased to support Southern California Charter School's mission to provide the cities of the High Desert with a school of choice, help manage the overcrowding in our schools, and maintain the county's high standards for the education of our youth.
I am excited by the prospect of this new school and am hopeful that you will agree that an emphasis on liberal arts, mathematics, technology and science adds intrinsic, instrumental, and enduring values which are vital to a well-rounded education in this age of a global community. Moreover, the schools commitment to personal growth andsocial awareness will enable all students to successfully advance to the post secondary educational level.
For these reasons, I wholeheartedly support Southern California Charter School and its mission to integrate technology into its curriculum and I encourage you to give their petition your utmost consideration. If you have any comments or questions, please feel free to contact me.
Sincerely,
GEORGE C. RUNNER, JR.
Senator, 17th District