October 15, 2018 Board Meeting 1 AGENDA ITEM: Surrender Agreement – Innovative Humanities Education Corporation Issue Innovative Humanities Education Corporation has submitted a Voluntary Surrender and Charter Termination Agreement (“Surrender Agreement”). Background Innovative Humanities Education Corporation operates Copper Point High School serving grades 6 through 12. On August 23, 2018, the Charter Operator notified the Board of its intent to close the school on August 31, 2018 due to low enrollment. For fiscal year 2019, Innovative Humanities Education reported an estimated count of 69 students. The Arizona Department of Education (“Department”) determined Innovative Humanities Education Corporation had been overpaid $33,462.06. Innovative Humanities Education Corporation repaid the Department on September 17, 2018 thus complying with the Surrender Agreement’s requirement. On September 5, 2018, the Board became the custodian of Copper Point High School’s student records. A copy of the proposed terms of the Surrender Agreement is included in Appendix A.
AGENDA ITEM: Surrender Agreement – Innovative Humanities … J1a... · 2020. 7. 3. · VOLUNTARY SURRENDER AND CHARTER TERMINATION AGREEMENT This Voluntary Surrender and Charter
AGENDA ITEM: Surrender Agreement – Innovative Humanities Education Corporation Issue Innovative Humanities Education Corporation has submitted a Voluntary Surrender and Charter Termination Agreement (“Surrender Agreement”). Background Innovative Humanities Education Corporation operates Copper Point High School serving grades 6 through 12. On August 23, 2018, the Charter Operator notified the Board of its intent to close the school on August 31, 2018 due to low enrollment. For fiscal year 2019, Innovative Humanities Education reported an estimated count of 69 students. The Arizona Department of Education (“Department”) determined Innovative Humanities Education Corporation had been overpaid $33,462.06. Innovative Humanities Education Corporation repaid the Department on September 17, 2018 thus complying with the Surrender Agreement’s requirement. On September 5, 2018, the Board became the custodian of Copper Point High School’s student records. A copy of the proposed terms of the Surrender Agreement is included in Appendix A.
