August 12, 2024 at 6:00 PM - Special Meeting
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A. Call to Order
Description:
The Board President or his/her designee will call the meeting to order.
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B. Roll Call
Description:
The Board President or his/her designee will call the roll of members.
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C. Public Communications
Description:
Citizens wishing to address the Board of Trustees have so indicated by listing their name on the Communications from the Public sign-in sheet located on the table at the entrance to the boardroom if the meeting is done in person, or at the link provided on the published board agenda if conducted remotely. Those signing have given a brief indication of the topics to be addressed.
Comments to the Board of Trustees under this provision will be limited to three minutes. The members of the Board of Trustees will listen to citizen presentations during this portion of a regularly scheduled meeting, but they will not comment or participate in a discussion of the topic. |
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D. Information Items
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D.1. Debt Defeasance Discussion
Description:
Consider the Defeasance of $325,000 in Outstanding District Unlimited Tax Bonds During the Upcoming Fiscal Year 2024-2025 in Order to Realize an Estimated $17,305 in Interest Cost Savings and to Maintain the District's Property Tax Rate for the Next Fiscal Year 2024-2025 at the Same Tax Rate As the Current Fiscal Year of $0.1800 per $100 of Taxable Assessed Valuation
Debt Defeasance
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E. Action Items
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E.1. Delegate the Authority to Obligate School District Under Chapter 49 to the Superintendent
Description:
Smithville ISD has been notified as being a school district in Excess of Entitlement for School Year 2024-2025. To be compliant with the notification, Smithville ISD must submit the District Intent/Choice Selection form (which has been submitted) and the Agreement for the Purchase of Attendance Credit (Netting Chapter 48 Funding) contract before September 1st.
At the recommendation of TEA, we would like for the Smithville Board of Trustees to delegate authority to obligate the school district under TEC, Chapter 49, to Mrs. Burns, so that the contract is submitted in a timely manner and we meet all requirements. |
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F. Governance Team (Board and Superintendent) Team Building and Self-Assessment -Team of Eight Training
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G. Closed Session Disclaimer - During the course of the meeting, the Board of Trustees may conduct a closed meeting in accordance with the Texas Open Meetings Act, Texas Government Code, Chapter 551, Subchapter D and E. Decisions may be made as a result of executive session.
Description:
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