June 11, 2012 Core Team Notes - from JC

Mostly this meeting has to do with pre-Board meeting housekeeping.

• Map will be updated
• Kate and Robin to write up their respective stuff

Sequencing:

DRB (aim for closure by October)

Fund Raising !!!!!!

Act 250 (before we can build the greenhouse - Spring 2013)

Trial Board Presentation: Is the School more viable with this campus build-out?

• Will the sixteen rooms on campus generate a net increase in available revenue for the school?
• If we assume the Semester Program will only be there 50% of the time, the other time can used for other programs.
• The maximum rental increase per day for all 16 rooms (beds) would be around $500 daily (at maximum capacity)
• We can assume that enrollment would be higher in the winter if we had more accommodations.  So that would increase tuition income.

• Kate will only be running a Fall Semester Program in 2013.
• Kate asks, "At what year would it come on campus?"

Clarifying PHASE ONE into sub-phases:

1. Greenhouse (Spring 2013)
2. Intern Housing (can the $200k be raised by 2013?)
3. Semester Accommodations (should be done contiguously with #4)
4. Semester Studio/Shop (should be done contiguously with #3)

Clarifying PHASE ONE Infrastructure:

a)   Site Work (terracing)

b)   Waste Water

c)   Underground Power to all new buildings

d)   New Well (at some point)

We're all onboard but we still don't have the numbers.  We will have to keep the faith until we have a more detailed design.

The Intern Housing building could be easily launched as the first building (once we have our permits)

Wind at your Back!