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[00:00:03]

>> GOOD EVENING. I HEREBY CALL TO ORDER THE MEETING OF THE CROWLEY ISD BOARD OF TRUSTEES,

[1.0 Call to Order ]

AND CERTIFY THAT WE ARE IN COMPLIANCE WITH THE PROVISIONS OF SECTION 551.041 SUB-CHAPTER C GOVERNMENT CODE AS AMENDED BY THE 89TH LEGISLATURE.

PURSUANT TO PUBLIC NOTICE OF THIS MEETING AND A QUORUM IS PRESENT.

I REQUEST THE OFFICIAL ROLL CALL, PLEASE, MR. KIRSHNER.

>> GOOD EVENING, EVERYONE. TRUSTEE PLACE 1, DR. NEDRA ROBINSON.

>> PRESENT.

>> TRUSTEE PLACE 2; DR. LATANO WIS MAYFIELD.

>> PRESENT.

>> TRUSTEE PLACE 3 AND 4; MS. JUNE DAVIS.

>> PRESENT.

>> TRUSTEE PLACE 5; MS. KINA WATKINS?

>> PRESENT.

>> TRUSTEE, PLACE 6; MR. GARY GRACIA.

>> PRESENT.

>> TRUSTEE PLACE 7; MS. COLICIA STEVENSON.

>> PRESENT.

>> SUPERINTENDENT, DR. MICHAEL MCFARLAND.

>> PRESENT.

>> THANK YOU.

>> THANK YOU, SIR. I EXTEND A WARM WELCOME TO EVERYONE PRESENT TONIGHT FOR TONIGHT'S MEETING.

THE MONTHLY MEETINGS OF THE BOARD ARE OPEN TO THE PUBLIC.

WE ARE PLEASED THAT YOU HAVE JOINED US AS WE CELEBRATE ACHIEVEMENT, REVIEW INFORMATION, AND MAKE POLICY DECISIONS RELATED TO THE EFFECTIVE OPERATIONS OF CROWLEY PUBLIC SCHOOLS.

COMMENTS OR QUESTIONS FROM THE AUDIENCE WILL BE CONFINED TO THE TIME DESIGNATED FOR CITIZENS TO ADDRESS THE BOARD.

DECORUM AND COURTESY ARE IMPORTANT ELEMENTS IN THE EFFECTIVE PUBLIC MEETINGS.

PLEASE SILENCE YOUR CELL PHONES OR COMMUNICATION DEVICES BEFORE WE PROCEED.

AGAIN, THANK YOU FOR ATTENDING AND YOUR INTEREST IN CROWLEY ISD SCHOOLS.

WE'RE GOING TO SKIP OVER AGENDA ITEM 2.0, WHICH WILL TAKE US TO AGENDA 3.0, BUT THERE ARE NO OPEN FORUM WHICH WILL TAKE US TO AGENDA ITEM 4.0 CONSENT AGENDA.

[4.0 Consent Agenda ]

WE ARE NOW AT THE CONSENT AGENDA.

WE ARE REMOVING ITEM NUMBER 4.3 GIRLS INC MEMORANDUM OF UNDERSTANDING FROM THIS WEEK'S CONSENT AGENDA.

IT WILL BE BROUGHT BACK AT THE NEXT MEETING.

ARE THERE ANY OTHER ITEMS THAT YOU WOULD LIKE TO HAVE REMOVED? IF NOT, IS THERE A MOTION?

>> MR. PRESIDENT, I RECOMMEND APPROVAL OF THE CONSENT AGENDA WITH THE AGENDA ITEM 4.3 REMOVED UNTIL THE NEXT MEETING AS PRESENTED.

>> WE HAVE A MOTION BY DR. MAYFIELD. IS THERE A SECOND?

>> I'LL SECOND.

>> WE HAVE A SECOND BY TRUSTEE STEVENSON.

WE MOVE TO VOTE, PLEASE.

THE MOTION PASSES. THAT'S GOING TO BRING US TO AGENDA ITEM

[5.0 Discussion and / or Possible Action Item(s) ]

5.1 ADOPTION OF THE 2025/2026 TAX RATE. DR. MCFARLAND.

>> MR. PRESIDENT BOARD MEMBERS, MR. FISHER IS PREPARED TO ADDRESS THIS ITEM. MR. FISHER.

>> GOOD EVENING MR. PRESIDENT, DISTINGUISHED MEMBERS OF THE BOARD, DR. MCFARLAND. THANK YOU.

TONIGHT, I AM PLEASED TO PRESENT TO YOU FOR YOUR CONSIDERATION AND POSSIBLE APPROVAL, THE RECOMMENDATION FOR THE 2025/2026 TAX RATE FOR CROWLEY ISD.

BOARD, AS YOU KNOW, THIS IS THE FINAL PIECE OF THE FINANCIAL PUZZLE FOR 2025/26.

THE BOARD APPROVED THE FISCAL YEAR 2026 BUDGET AT OUR JUNE 26TH BOARD MEETING.

BOARD, WE ARE EXCITED TO HAVE YOU NOW CONSIDER THE TAX RATE, WHICH WILL ACTUALLY FUND A LARGE PORTION OF OUR BUDGET FOR 2025/26.

I'LL START HERE JUST SO THAT EVERYBODY'S ON THE SAME PAGE WITH THE PROPERTY TAX PROCESS.

BOARD, YOU SEE THAT PROCESS BEGINS WITH THE APPRAISAL DISTRICTS AS THEY ARE REQUIRED TO APPRAISE PROPERTY VALUE AT ITS VALUE ON JANUARY 1.

I SAY THAT IN LIGHT OF THE DECISION THAT HAS BEEN MADE BY OUR TERRAN APPRAISAL DISTRICT.

FROM JANUARY 1 THROUGH APRIL 30TH, THE APPRAISAL DISTRICTS COMPLETE THE APPRAISALS AND PROCESS APPLICATIONS FOR EXEMPTIONS.

THEN IN APRIL THROUGH MAY,

[00:05:02]

THE APPRAISAL DISTRICT SEND OUT NOTICES OF APPRAISED VALUE.

MAY THROUGH JULY, THE APPRAISAL REVIEW BOARD HEARS PROTESTS FOR PROPERTY OWNERS AND MAKES DETERMINATIONS AND APPROVAL OF FINAL APPRAISAL RECORDS.

WE ARE HERE WHERE THE YELLOW ARROW INDICATES IN AUGUST AND THROUGH SEPTEMBER, WHERE THE LOCAL TAXING UNITS ADOPT TAX RATES.

HOW IS THE DISTRICT'S PROPOSED TAX RATE CALCULATED? BOARD, AS YOU'LL RECALL, THERE ARE TWO MAIN COMPONENTS OF THE DISTRICT'S TAX RATE, THE MAINTENANCE AND OPERATIONS, WHICH REALLY TAKES CARE OF ALL OF OUR SALARIES, OUR UTILITY COSTS, AND THEN WE HAVE THE INTEREST AND SINKING FUND, WHICH TAKES CARE OF THE REPAYMENT OF OUR FINANCIAL DEBT.

THE MAINTENANCE AND OPERATIONS TAX IS BASICALLY CALCULATED.

THE DISTRICT SUBMITS OUR CERTIFIED VALUES TO TEA.

TEA COMPARES OUR LOCAL PROPERTY GROWTH WITH THE AVERAGE OF THE STATE AND ACTUALLY CALCULATES FOR US A MAXIMUM COMPRESSED VALUE.

THAT MAXIMUM COMPRESSED VALUE, AS YOU SEE IT THERE IS 0.6169.

THE DISTRICT THEN ADDS THE ENRICHMENT TAX RATE OF 0.1383 WHICH WAS ACTUALLY APPROVED BY OUR VOTERS IN 2012.

WE ADD THOSE TOGETHER, AND WE GET THE MAINTENANCE AND OPERATIONS TAX RATE OF 0.7552.

THE INTEREST AND SINKING RATE, WE REVIEW OUR DEBT SCHEDULES, WORK WITH OUR FINANCIAL ADVISORS AND MAKE SURE THAT OUR LEVY IS SUFFICIENT TO PAY OUR ANNUAL DEBT.

WE MAINTAINED A DEBT SERVICE TAX LEVY OF $0.50 PER $100 OF ASSESSED VALUATION.

HERE BOARD, TO COMPARE OUR ADOPTED 2024/2025 TAX RATE WITH OUR 2025/26, OUR PROPOSED 2025/26 TAX RATE, YOU'LL SEE THAT THERE IS NO CHANGE.

BOARD HERE, WE PREPARED A VISUAL PRESENTATION, IF YOU WILL, TO SHOW THE INDIVIDUAL TAX RATES, THE TREND, RELATIVE TO BOTH THE INDIVIDUAL TAX RATES, THE MAINTENANCE AND OPERATIONS TAX RATE, AND THE DEBT SERVICE TAX RATE.

THE DEBT SERVICE TAX RATE IS INDICATED BY THE GRAY LINE THAT YOU'LL SEE $0.50.

YOU'LL SEE THAT SINCE 2017-18, WE COMMUNICATED TO OUR PUBLIC AS THE PUBLIC PASSED THE BOND IN MAY OF 2023, WE COMMUNICATED THAT THAT TAX RATE WOULD STAY THE SAME.

IT WOULD NOT INCREASE.

THAT RATE, AS YOU SEE, IN FULL TRANSPARENCY HAS NOT INCREASED.

BOARD, IF YOU'LL LOOK AT THE MAINTENANCE AND OPERATIONS TAX INDICATED BY THE ORANGE LINE, THAT RATE HAS STEADILY DECREASED.

EVERYBODY SEE THAT? WHAT YOU SEE IS, I JUST WANT TO HIGHLIGHT THE VALUES 2024-2025 TO 2025-2026.

YOU'LL SEE THAT THIS IS REALLY THE FIRST DIP IN OUR ASSESS VALUATIONS.

CAN EVERYBODY SEE THAT OVER THE PAST FEW YEARS? THIS IS AS A RESULT IN PART OF CITY BILL 4, WHICH TOOK THE HOMESTEAD FROM $100,000. I'M SORRY, NOT DID.

IT WILL TAKE WHEN THE ITEM IS BROUGHT TO THE VOTERS IN NOVEMBER.

WE ANTICIPATE THAT THE VOTERS WILL APPROVE THE HOMESTEAD EXEMPTION INCREASE FROM $100,000-$140,000 PER HOMESTEAD.

WE ALSO KNOW THE SENATE BILL 23 HAS A PROVISION THAT TAKES THE EXEMPTION FOR ELDERLY AND DISABLED FROM 10,000-50,000.

THAT IS A PART OF THE REDUCTION IN THE APPRAISED VALUES OF CROWLEY ISD.

HOWEVER, WE HAVE BEEN PLEASANTLY SURPRISED BY THE STATES ACTIONS OF HOLDING US HARMLESS FOR ANY PROPERTY VALUE LOSS AT THIS POINT.

NOW I TAKE YOU TO THE SECOND TO LAST SLIDE, THE CONSOLIDATED RATE, AND YOU'LL SEE THAT THE CONSOLIDATED RATE, THIS IS WHAT OUR CITIZENS ARE CONCERNED WITH.

THE CONSOLIDATED RATE.

THIS IS WHAT THEY'RE ACTUALLY PAYING THE TOTAL TAXES ARE.

YOU SEE THAT RATE HAS CONSISTENTLY DECLINED OVER THE PAST FEW YEARS.

BUT YOU SEE NOW WE ARE TAXING ON A LOWER VALUE,

[00:10:04]

BUT RELATIVELY IT'S THE SAME AMOUNT AS WE DID LAST YEAR.

THEN HERE, WE SHOW A MORE SIMPLE GRAPHICAL REPRESENTATION OF THAT CONSOLIDATED TAX RATE JUST SO THAT EVERYBODY CAN SEE IT CLEARLY.

THAT CONCLUDES MY PRESENTATION.

IF THERE ARE ANY QUESTIONS, I'LL ENTERTAIN THOSE QUESTIONS NOW.

>> TRUSTEES, DO WE HAVE ANY QUESTIONS?

>> I DO. THANK YOU, PRESIDENT GRACIA.

AND THANK YOU, MR. FISHER, FOR PRESENTING THIS INFORMATION IS VERY CLEAR. ONLY UNDERSTAND IT.

I HAVE A QUESTION ABOUT THE 0.5, WHICH IS THE SINKING INTEREST.

WHAT IMPACTS THAT RATE? I'M JUST CURIOUS OF THE LONGEVITY OR THE STABILITY OF THAT RATE. WHAT IMPACTS IT? BECAUSE IF YOU'RE MENTIONING DEBT, AND WE HAVE PROPERTY, WE HAVE DIFFERENT THINGS AND I KNOW THOSE FLUCTUATE RATES ON OTHER THINGS, IS THAT STABILITY IN THAT RATE BECAUSE IT'S FIXED FOR LONG TERM OR SOMETHING ELSE IS IMPACTED?

>> YES MA'AM. THE RATE IS ACTUALLY NOT FIXED.

IT CAN BE LOWERED. WELL, WE DON'T WANT TO RAISE IT ABOVE $0.50.

BUT WHAT WE DO IS WE ACTUALLY WORK WITH OUR FINANCIAL ADVISOR, HILLTOP SECURITIES AND WE MAKE SURE THAT WE ARE STRUCTURING THE OUTSTANDING DEBT SO THAT IT CAN BE PAID BACK WITHIN THE CONFINES OF THE $0.50.

YOU'VE HEARD ME TALK ABOUT THE $0.50 TEST BEFORE SO THAT IS HOW WE DO IT.

WE STRUCTURE OUR DEBT TO ENABLE US TO IN THE OUTS, PAY THAT DEBT BACK, KEEPING AND MAINTAINING THAT 50 CENT TAX RATE.

>> THANK YOU FOR YOUR EXPERTISE AND THAT. THANK YOU.

>> TRUSTEE DAVIS.

>> THANK YOU, PRESIDENT GRACIA.

IF YOU GO BACK AT SLIDE 1, PLEASE.

IF YOU COULD, MR. FISHER, TALK AGAIN ABOUT WHAT'S SUPPOSED TO HAPPEN ON JANUARY 1ST, AND WHAT TARRANT COUNTY DID NOT DO.

DID I UNDERSTAND YOU CORRECTLY?

>> YES, MA'AM. YOU GUYS WILL REMEMBER.

WHAT IS SUPPOSED TO HAPPEN ON JANUARY 1 OF EVERY YEAR IS THAT THE APPRAISAL DISTRICTS ARE REQUIRED STATE LAW, STATE STATUTE, REQUIRED TO APPRAISE PROPERTY AT ITS VALUE ON JANUARY 1.

YOU GUYS REMEMBER THE PROCEEDINGS LAST YEAR WHERE NOW TARRANT APPRAISAL DISTRICT HAS MADE THE DECISION THAT THEY'RE GOING TO APPRAISE VALUES OF THE PROPERTIES IN THEIR FOOTPRINT EVERY OTHER YEAR ON A BIANNUAL BASIS.

THAT ALSO COULD PLAY INTO THE VALUE DECREASE THAT YOU SEE REPRESENTED ON THE GRAPHS THAT WE SHOW.

>> I DO HAVE ANOTHER QUESTION, MR. GRACIA.

THE HOMESTEAD EXEMPTION AND THE ELDERLY RATE YOU TALKED ABOUT, HOW DOES THAT IMPACT US AND THE MONEY WE GET AS A RESULT OF THAT CHAIN?

>> YES, MA'AM. IT ACTUALLY DECREASES THE TAXABLE VALUES, WHICH ULTIMATELY COULD DECREASE THE REVENUE THAT IS PRODUCED BY OUR DISTRICT.

WE DON'T ACTUALLY KNOW HOW MANY OF THOSE CITIZENS QUALIFY FOR THE ELDERLY OR THE DISABLED EXEMPTION.

WE DON'T KNOW THAT THAT NUMBER IS ALWAYS DYNAMIC. THAT'S WHAT I SHOULD SAY.

WE KNOW WHO'S QUALIFIED FOR IT IN THE PAST, BUT THAT NUMBER IS DYNAMIC, IT'S EVER CHANGING, IF YOU WILL.

BECAUSE OF PEOPLE'S AGE AND BECAUSE OF PEOPLE'S HEALTH CONDITIONS OBVIOUS.

>> THEY GAVE US MONEY, BUT NOW TAKING IT AWAY BY CREATING THESE CHANGES.

IS THAT A FAIR STATEMENT?

>> I WOULD LOVE TO SAY IT LIKE THIS, MS. DAVIS.

I BELIEVE THAT THE STATE OF TEXAS HAS ENGAGED IN A MECHANISM WHEREBY WHICH TO PROVIDE TAX RELIEF TO THE CITIZENS OF THE STATE OF TEXAS.

THEY'VE ALSO PROVIDED PROVISIONS THROUGH THE STATUTE TO HOLD SCHOOL DISTRICTS RELATIVELY HARMLESS FOR ANY LOST TAX REVENUE.

[00:15:05]

>> FOR HOW LONG?

>> EACH OF THESE DECISIONS IS A BIANNUAL DECISION.

>> JUST TO ADD TO THAT.

THE DIFFERENCE IS, WHEN WE PROVIDE LOCAL HOMESTEAD EXEMPTIONS, THE STATE DOES NOT COMPENSATE FOR THAT.

THEY REVIEW WHAT OUR LOCAL VALUES ARE OVERALL WITHOUT THE EXEMPTIONS CONSIDERED, AND THEY WILL COMPENSATE US BASED UPON WHAT THE OVERALL VALUES ARE.

IF WE DECIDE TO GIVE, LIKE WE DO, GIVE ADDITIONAL HOMESTEAD EXEMPTIONS, THEY DON'T COMPENSATE US FOR THAT SO THAT ACTUALLY COMES OUT OF OUR FUNDS.

>> BUT IF THAT ADDITIONAL 50, THEY WILL COMPENSATE US FOR THAT?

>> IF IT'S BASED UPON SOMETHING OTHER THAN WHAT WE HAVE DONE HERE AT THIS WITHIN OUR DISTRICT, YES.

>> WE DID THE HOMESTEAD EXEMPTION FOR WHAT REASON?

>> THIS COURSE PROCEEDS US, BUT IT WAS SEVERAL YEARS AGO AND I BELIEVE IT WAS AFTER BOND ELECTION, AND IT WAS JUST TO GIVE LOCAL RESIDENTS COMFORT KNOWING THAT WE WOULD GIVE THAT HOMESTEAD EXEMPTION.

BUT AGAIN, THAT HAPPENED, I THINK THE EARLY 2000 AND MAYBE BEFORE THEN, A LOT OF DISTRICTS DECIDED TO REMOVE THAT BECAUSE OF THE SIGNIFICANT NEGATIVE IMPACT THAT WAS HAVING ON THE REVENUE.

WE DECIDED TO NOT REMOVE THAT BECAUSE WE WANTED OUR RESIDENTS TO GET THE BENEFIT OF THAT.

SINCE THEN, WE DON'T HAVE THE OPTION TO REMOVE IT AT THIS POINT.

WE MAY GET THE OPTION AGAIN, DEPENDING ON THE NEXT LEGISLATIVE SESSION, BUT RIGHT NOW, WE'RE BASICALLY COMMITTING TO HOMESTEAD EXEMPTION.

>> WE WERE ALREADY DOING SOMETHING TO TRY AND HELP THE CITIZENS TAX RATE BEFORE THIS.

>> YES.

>> I THINK IT BEARS REPEATING TOO THAT THE TAX RATE DID NOT CHANGE, LIKE WE SAID WHEN WE WERE CAMPAIGNING FOR THE BOND ELECTION.

I WANT THAT TO BE CLEAR THAT WE DID WHAT WE SAID WE WERE GOING TO DO, AND THE TAX RATE HAS NOT CHANGED. THANK YOU.

>> THANK YOU. DR. MCFARLAND.

>> TRUSTEE TAYLOR.

>> THANK YOU PRESIDENT GRACIA.

I HAD A QUESTION IN ADDITION TO WHAT YOU JUST SAID, DR. MCFARLAND.

GIVEN THE HOMESTEAD, IS THERE A POINT IN TIME WHERE WE CAN STOP WITH NEW RESIDENTS COMING IN AND CONTINUE WITH CURRENT RESIDENTS OR IS IT ENOUGH HERE? BECAUSE I KNOW AT SOME POINT, WE'RE PROBABLY GOING TO START LOSING THE MONEY.

>> WELL, IT IS DEFINITELY AS WE MENTIONED DURING THE LAST CYCLE, IS DEFINITELY HAVING AN IMPACT.

THERE'S A COST TO DOING IT.

HOW LONG WE CAN CONTINUE TO DO THAT? THAT'S SOMETHING THAT WE STILL HAVE TO WE HAVE TO EVALUATE.

BUT I DON'T KNOW, OFFICIAL IF THERE'S NEW INFORMATION COMING OUT ABOUT PRIOR DISTRICTS WITH HOMESTEAD EXEMPTION.

>> DR. MCFARLAND, TO YOUR POINT, THE LOCAL HOMESTEAD OPTION THAT WE OFFER IS CURRENTLY A 10% LOCAL HOMESTEAD OPTION, AND IT DOES HAVE AN ADVERSE IMPACT ON THE REVENUES THAT WE RECEIVED BECAUSE THE STATE IS EXPECTING US TO BE RECEIVING THAT MONEY.

IN THEIR CALCULATION, WE ARE RECEIVING THAT MONEY.

TO THE TONE OF [INAUDIBLE] WE TALKED ABOUT 4 OR $5 MILLION, AT LEAST IN TIER 1.

THAT'S A SIGNIFICANT AMOUNT.

BUT AS DR. MCFARLAND SAID, WE'LL CONTINUE TO EVALUATE THAT AND SEE IF IT IS FEASIBLE FOR US TO CONTINUE IN THAT EFFORT.

>> THAT HOMESTEAD EXEMPTION IS A GREAT CARROT FOR PEOPLE BUYING HOUSES IN CROWLEY.

>> ANY OTHER QUESTIONS?

>> MR. FISHER, WITH THAT 10%, IS THAT AFTER A CERTAIN AMOUNT OR IT CAN BE ON A 200,000 OR $500,000 HOUSE?

>> EVERY HOME.

>> OKAY.

>> YES, SIR.

>> WOW. WELL, I'M GLAD THAT WE CONTINUE TO DO THAT FOR OUR COMMUNITY AND OUR RESIDENTS OF CROWLEY ISD, SO THAT'S AWESOME.

THANK YOU, MR. FISHER.

>> YES, SIR.

>> FOR THAT GREAT PRESENTATION, THIS IS A POSSIBLE ACTION ITEM.

IS THERE A MOTION?

[00:20:16]

>> PRESIDENT GRACIA.

>> YES, MA'AM.

>> I'D LIKE TO MAKE THE MOTION TO ADOPT THE 2025/2026 TAX RATE AS IT IS.

>> WE HAVE A MOTION BY TRUSTEE STEVENSON. IS THERE A SECOND?

>> I'LL SECOND.

>> WE HAVE A SECOND DR. ROBINSON. MOVE TO VOTE.

THE MOTION PASSES. YES, MA'AM.

>> [INAUDIBLE]

>> WE HAD A TECHNICAL ERROR.

CAN WE VOTE BY SHOW OF HANDS, PLEASE? ALL IN FAVOR? THE MOTION PASSES. THANK YOU, SIR.

THAT'S GOING TO BRING US TO AGENDA ITEM 5.2 RESOLUTION REGARDING SENATE BILL 12, DR. MCFARLAND.

>> MR. PRESIDENT, BOARD MEMBERS, FOR THIS ITEM, WE LIKE TO PULL THIS ITEM AND BRING THIS ITEM BACK AT THE NEXT BOARD MEETING.

WE'RE GOING TO BE SHARING IT WITH EACH ONE OF YOU ALL AND HAVING SOME CONVERSATIONS IN DETAIL ABOUT THE CONTENT OF SENATE BILL 12.

AT THIS TIME, WE'D LIKE TO BRING THAT BACK TO YOU AT A LATER DATE.

>> SIR.

>> THAT'S GOING TO BRING US TO AGENDA ITEM

[6.0 Vision 2030 ]

6.1 VISION 2020-2030 THRIVING STUDENTS, DR. MCFARLAND.

>> MR. PRESIDENT, BOARD MEMBERS, YOU WILL SEE THIS SECTION ON THE AGENDAS GOING FORWARD, AND THE PURPOSE IS FOR US TO AT EVERY BOARD MEETING, HAVE A PRESENTATION FOR YOU RELATIVE TO OUR STRATEGIC PLAN.

WE WANT TO MAKE SURE THAT WE KEEP IT REALLY AT THE FOREFRONT OF OUR CONVERSATIONS, AND SO GOING FORWARD, VISION 2030, WILL BE ITEM FOR PRESENTATION AT EVERY BOARD MEETING.

AS YOU SEE, WE HAVE FOUR GOALS THERE.

TONIGHT, WE DON'T HAVE ANY PRESENTATIONS DUE TO THE OTHER THINGS THAT WE HAVE TO DO TONIGHT, BUT WE WANT TO START ADDING THAT ON OUR BOARD AGENDA.

>> EXCELLENT. THAT'S GOING TO TAKE US THROUGH 6.4?

>> YES.

>> WHICH WILL NOW TAKE US TO AGENDA ITEM 7.0,

[7.0 Executive Session ]

AND WE WILL ADJOURN TO EXECUTIVE SESSION.

THE BOARD WILL NOW ADJOURN TO EXECUTIVE SESSION PURSUANT TO TEXAS GOVERNMENT CODE 551.071 FOR PRIVATE CONSULTATION WITH THE BOARD'S ATTORNEY AND 551.074 PERSONNEL TO DELIBERATE REGARDING THE APPOINTMENT OF AN INDIVIDUAL TO FILL THE VACANCY ON THE BOARD OF TRUSTEES.

THE BOARD WILL RETURN IMMEDIATELY FOLLOWING EXECUTIVE SESSION.

WE ARE ADJOURNING TO EXECUTIVE SESSION AT 6:29 PM.

WE ARE BACK IN OPEN SESSION AT 9:04 PM.

WITH NO FURTHER BUSINESS TO BRING BEFORE THIS BOARD, WE ARE ADJOURNING AT 9:04. THANK YOU ALL.

* This transcript was compiled from uncorrected Closed Captioning.