[A. CALL TO ORDER]
[00:00:07]
THE TIME IS 3:00 AND A QUORUM IS PRESENT.
[B. FIRST ORDER OF BUSINESS]
DR. STINSON, WILL YOU CONFIRM THAT THE MEETING WAS DULY CALLED AND NOTICE OF THE MEETING WAS POSTED IN ACCORDANCE WITH THE TEXAS OPEN MEETINGS ACT? YES, SIR. IT WAS DULY CALLED AND DULY POSTED.AS NO ONE HAS SIGNED UP TO SPEAK DURING THIS PORTION OF THE MEETING.
[D. WORKSHOP TO DISCUSS THE 2022 BOND COMMITTEE RECOMMENDATION]
WE WILL PROCEED TO THE NEXT ITEM ON OUR AGENDA, WHICH IS THE WORKSHOP TO DISCUSS THE 2022 BOND COMMITTEE RECOMMENDATION. KATIE BOWMAN.IRENE [INAUDIBLE] HAVE TO SAY THAT SLOWLY IS HERE TONIGHT IS OUR ARCHITECT.
SO YOU'LL HAVE SOME REALLY GOOD UP FRONT CURRENT INFORMATION ON THAT AS WE CLOSE OUT.
SO I'LL TURN IT OVER TO IRENE.
THANK YOU, KATIE, AND GOOD AFTERNOON, EVERYBODY.
THE FIRST ONE IS MULLENDORE, TO REPLACE A BUILDING THAT WAS BUILT IN 1955.
MULLENDORE ALSO HAS TEN PORTABLE CLASSROOMS THAT YOU'LL BE TAKING OUT OF THE DISTRICT USE.
ONE OF THE REASONS MULLENDORE JUMPED UP TO THE TOP IS BECAUSE OF THE FOUNDATION ISSUES.
AS YOU KNOW, THE SLAB IS OVER A METAL JOIST.
SO THE METAL JOISTS OVER TIME HAVE CORRODED.
SO THIS MULLENDORE ROSE TO THE TOP AS A SCHOOL THAT REALLY NEEDS TO BE REPLACED.
THE SECOND SCHOOL THAT'S BEING PROPOSED IS A PARTNER ELEMENTARY BETWEEN SMITH ELEMENTARY SCHOOL AND FRANCISCO, AND THIS WOULD BE BUILT IN THE SMITH ELEMENTARY SITE BECAUSE IT'S A LARGER, MORE SUITABLE SITE.
THIS WOULD HOUSE THE NEW SHANNON HIGH SCHOOL AND THE SPED CENTER.
SHANNON, OBVIOUSLY THE EXISTING SHANNON BUILDING IS ALSO HAS A VERY HIGH NUMBER AS FAR AS THE FACILITIES CONDITION INDEX BECAUSE IT'S SUCH AN OLD BUILDING THAT IT NEEDS A LOT OF REPAIRS.
SO BY MOVING SHANNON OUT TO DISLOCATION, IT TAKES THE MAJORITY OF THE STUDENTS OUT OF THAT COMPLEX.
WE'VE HAD THE SHANNON HIGH SCHOOL TASK FORCE MEETING OR COMMITTEE THAT MET AND DEVELOPED SOME PLANNING AND IDEAS FOR WHAT THE NEW SHANNON HIGH SCHOOL WOULD BE. WE ATTENDED THOSE CONCEPTUAL MEETINGS AND HAVE A PROGRAM THAT WE FINALIZED.
WE'RE STARTING THE DEPARTMENTAL MEETINGS AND PROGRAM DIRECTOR MEETINGS.
WE WERE SUPPOSED TO START YESTERDAY, BUT COVID HIT SOME OF THE CAMPUS STAFF.
WE'VE ALSO GONE BACK OUT TO THE BUILDING, WHICH IS NOW EMPTY TO CONFIRM THERE WAS NO GOOD AS-BUILT DOCUMENTATION. SO WE'VE BEEN OUT THERE MEASURING AND TAKING DIMENSIONS OF EVERYTHING, AND THEN WE REACHED OUT TO THE CITY, HALTOM CITY, FOR TO SET UP A MEETING TO TALK ABOUT THE STORM SHELTER REQUIREMENTS THAT WE'LL HAVE TO DO WITHIN THAT BUILDING, I MIGHT ADD TO WE ACTUALLY CLOSED ON THE BUILDING TODAY, SO WE SHOULD BE GETTING KEYS THIS AFTERNOON AND HOPEFULLY STARTING THAT REEKING PROCESS TOMORROW.
THERE ARE SOME ITEMS THAT WERE TAGGED FOR BIRDVILLE ISD IN THE BUILDING.
SO FROM THE THINGS THAT WERE LEFT.
THERE'S A LARGE 65 FEET TALL METAL BUILDING IN THE CENTER OF THIS COMPLEX THAT HOUSES A WAREHOUSE CURRENTLY, IT WAS DESIGNED TO BE THE AUDITORIUM AT SOME POINT, BUT IT WAS NEVER FINISHED.
[00:05:02]
CLASSROOMS ALL AROUND THE EXISTING BUILDING, AND THEN ON THE RIGHT HAND SIDE OF THE FLOORPLAN, THEY HAD AN EARLY CHILDHOOD CENTER IN THE BACK.SO THERE WERE SOME CLASSROOMS AND THEN THERE'S ALSO A CAFETERIA.
SO THERE IS A GREASE TRAP LOCATED IN THE BACK OF THE BUILDING.
SO THIS IS WHERE WE ARE TODAY.
THE BUILDING IS ROUGHLY 93,000 SQUARE FEET AND THERE'S AN ADDITIONAL AND THAT INCLUDED A SECOND FLOOR PIECE, BUT THE SECOND FLOOR THAT'S EXISTING IS NOT USABLE.
SO WHAT WE'RE DOING IS YOU CAN SEE THE FIRST PIECE IS THE MAIN ENTRY FACING DENTON HIGHWAY IS THE ENTRY VESTIBULE AND THE MAIN ENTRY FOR SHANNON HIGH SCHOOL ITSELF. SO YOU'LL COME IN THROUGH A VESTIBULE, YOU'LL HAVE ADMINISTRATION DIRECTLY ADJACENT TO IT, YOU'LL HAVE THE COUNSELING SUITES CENTRALIZED IN THE BUILDING AS WELL AS THE SCHOOL RESOURCE OFFICER.
AS YOU COME DOWN THIS HALLWAY, WE'VE LOCATED SOME OF THE LARGER ELECTIVES CTE, FINE ARTS, ETC., SO THAT THEY HAVE ACCESS TO THE OUTDOORS THAT THEY NEED, AND AS YOU GO INTO THE CENTER, WE'RE REALLY RENOVATING THAT OPEN LARGE METAL BUILDING TO BE THE HEART OF SHANNON.
THEY COME AT DIFFERENT TIMES, SO THEY NEED SPACES TO WORK INDEPENDENTLY.
THIS IS A FULL-SIZED BASKETBALL COURT, VERY LIMITED SPECTATOR SEATING, THOUGH.
WE HAVE THE CAFETERIA AND KITCHEN ALSO IN THE REAR SO WE CAN TAKE ADVANTAGE OF THAT GREASE TRAP, AND THEN WE'D BE PROVIDING DRESSING ROOMS FOR THE GYM OVER HERE WHERE IT SAYS THE SECOND ENTRY, THE WHOLE GREEN AREA IS WHAT WE'RE CALLING THE SPECIAL EDUCATION CENTER, WHICH IS GOING TO REALLY HOUSE TWO MAIN PROGRAMS. ONE IS THE BIRDVILLE, THE TRANSITION ACADEMY.
SO THIS IS WHERE YOU'LL HAVE STUDENTS THAT ARE MAKING THEIR WAY INTO THE WORKFORCE OR TRYING TO LEARN SOME LIFE SKILLS FOR CONTINUED LIVING, AND THEN IN THE BACK IS WHAT WOULD BE THE BEHAVIOR CENTER.
SO IT'S A LOW INCIDENCE BEHAVIOR CLASSROOMS AND THE TEAM'S CLASSROOMS, AND THOSE ARE LOCATED IN THE BACK SINCE THESE WOULD BE STUDENTS THAT ARE ELEMENTARY AGE TO HIGH SCHOOL SO THAT WE CAN PUT PLAYGROUND EQUIPMENT IN THE BACK SO THEY CAN ACCESS IT.
AND AGAIN, YOU JUST HAVE OFFICES HERE.
THIS WOULD BE CENTRALIZED AND THEY'D HAVE THEIR OWN LIBRARY.
SO DURING THE DAY, THOSE TWO CAMPUSES ARE GOING TO BE TOTALLY SEPARATE.
SO RIGHT NOW WE HAVE SHOWN THAT YOU COULD CAPTURE AND CREATE A SECONDARY PLC FOR THE DISTRICT.
AND THEN LASTLY, THE SECOND FLOOR, AS I MENTIONED, WE'D HAVE SOME STAIRS GOING UP, CLASSROOMS ALL OVER THE PERIMETER TO SCIENCE LABS AND THEN COLLABORATION SPACE IN THE MIDDLE WITH RESTROOMS AND ELEVATOR ACCESS.
SO THE BUDGET FOR THIS PROJECT IS CURRENTLY CONSTRUCTION AT 22.050 WHICH WAS INCLUDED IN WHAT'S INCLUDED IN THE BOND PROPOSAL AND THEN OTHER COSTS WHICH ARE EQUIPMENT, FURNITURE FEES, SURVEYS, ETC..
OTHER RENOVATIONS INCLUDED IN THE BOND PROPOSAL HALTOM HIGH SCHOOL THERE'S NUMBER ONE IS ENCLOSING THE EXTERIOR COURTYARD THAT'S IN THE BUILDING TO EXPAND THE CAFETERIA SINCE YOU'RE DINING IS DOES NOT HANDLE THE SCHOOL POPULATION.
IT ALSO PROVIDES A DIRECT ACCESS TO THE LIBRARY, WHICH AS YOU KNOW IN HALTOM IS BURIED.
SO IT'S HARD TO ACCESS AND GET TO.
[00:10:06]
SO AGAIN, IF YOU KNOW THE HALTOM PLAN, AS YOU COME INTO MAIN ENTRY, THIS IS THIS COURTYARD THAT IS LOCATED HERE.SO THERE'S ISSUES WITH THAT COURTYARD AS IT IS.
IT'S NOT USABLE, IT'S NOT HANDICAPPED, ACCESSIBLE.
SO AS YOU INFILL IT, IT WOULD GIVE ACCESS TO THE CAFETERIA TO EXPAND AND AGAIN, IT WOULD GIVE A DIRECT ACCESS FROM THE MAIN ENTRANCE TO THE LIBRARY.
OTHER ITEMS THAT ARE INCLUDED IN THE BOND ARE MORE OF YOUR UPGRADES THAT YOU NEED TO DO TO YOUR BUILDINGS, AND FOR EXAMPLE, NUMBER ONE, ALL THE PRIORITY ONES, WHICH INCLUDE DRAINAGE ISSUES AT THE BIRDVILLE HIGH SCHOOL COURTYARD IN THE REAR OF THE BUILDING, REPAIRS TO THE COURTYARD AND NORTH RIDGE ELEMENTARY SCHOOL AS WELL, AND THEN THE SAME WITH HVAC AND ELECTRICAL UPGRADES LIKE YOU INCLUDED IN THE LAST BOND ROOFING REPLACEMENT AND THEN ANY OTHER PLUMBING, PAINTING AND FLOORING ITEMS AT DIFFERENT CAMPUSES.
SO THIS IS THE NORTH RIDGE ELEMENTARY AS THESE TWO CORE AREAS.
SO WE WOULD BE LOOKING AT AGAIN SOME OF THE SAME THINGS.
SO SOME OF THOSE AREAS HAVE HEAVED.
SO YOU CAN'T OPEN THE DOORS INTO THE CLASSROOMS, INTO THE SPACE.
THAT IS THAT COURTYARD, AS YOU CAN SEE.
IT'S JUST NOT BEING USED AT ALL BECAUSE THERE'S NO REALLY THERE'S NO SHADE.
THERE'S NO AND THE DOORS CAN'T OPEN INTO THE SPACE.
YOU CAN SEE SOME OF THE EVIDENCE OF THE SETTLING AND HEAVING OF THE PAVERS.
AND THEN JUST TO SHOW YOU, IN 2014, WE DID REPAIRS AT SPICER AND C.F.
THOMAS. SO THIS IS WHAT IT LOOKS LIKE NOW.
SO AGAIN, TOOK OUT ALL THE GREENERY THAT ALSO CREATES ISSUES, PROVIDED CANOPIES AND PROVIDED FURNISHINGS AND REMOVED THE PAVERS AND REPLACED IT WITH CONCRETE PAVING. AT BIRDVILLE HIGH SCHOOL.
THE REAR COURTYARD HAS ALWAYS BEEN ON THE LIST.
AS A MATTER OF FACT, SINCE THE 2014 BOND, IT'S ALWAYS BEEN ON A LIST OF ITEMS TO ADDRESS.
THERE ARE RETAINING WALLS THAT ARE MOVING IN THE REAR AND IN THE FRONT OF THE BUILDING.
THERE'S, AGAIN, SOME TREES THAT ARE CREATING SOME OF THE ISSUES.
SO WE WOULD BE REPLACING THOSE, PUTTING A NEW UNDERGROUND DRAINAGE SYSTEM THAT WOULD COLLECT THE WATER AND TAKE IT OUT OF THE SPACE, AND THEN WE WOULD PROVIDE CONCRETE AREAS THAT WOULD ALSO HELP EXPAND THE CAFETERIA AT BIRDVILLE AS WELL.
SO SINCE THE CAFETERIA IS RIGHT HERE, YOU'D BE ABLE TO HAVE OUTDOOR DINING AS WELL, AND YOU CAN SEE THE MOVEMENT THAT IS HAPPENING AGAIN. WHERE THE PAVING IS SETTLING BECAUSE OF THE WATER.
PAVING IS CONSTANTLY MAINTENANCE GOES OUT AND GRINDS IT SO THAT IT CAN BE KEPT LEVEL AT ALL PLACES, AND THEN YOU CAN SEE THE GROOVES THAT WERE CUT IN TO TRY TO GET THE WATER FROM GOING INTO THE BUILDING, BUT ACTUALLY GOING AWAY FROM THE BUILDING AND YOU CAN SEE THOSE RETAINING WALLS THAT ARE MOVING AS WELL, AND YOU CAN SEE ON A DRY DAY THERE WERE STILL WATER HELD IN THIS SPACE.
UPDATING SECURITY CAMERAS AND DOOR ACCESS SYSTEM THROUGHOUT THE DISTRICT.
TRANSPORTATION ALSO HAS SOME NEEDS, AND THE COMMITTEE IS RECOMMENDING THAT $5 MILLION FOR 8 TO 10 ADDITIONAL BUSSES FOR FOUR YEARS. SO THESE ALSO WOULD BE LIKE TECHNOLOGY, THESE THESE BONDS WOULD BE SHORT TERM BONDS.
SO YOU'RE NOT FINANCING THE BUSSES OVER THE LIFE OF THE WHOLE BOND.
AGAIN, TECHNOLOGY REPLACEMENT OF YOUR OBSOLETE SYSTEMS AND THEN KEEP THE REPLACEMENT CYCLES THAT YOU HAVE STARTED TO MAINTAIN THAT 1 TO 1 STUDENT TO TECHNOLOGY RATIO AND AS WELL AS TEACHER AND STAFF TECHNOLOGY, AND THEN THESE WOULD BE PAID OFF IN FIVE YEARS, AND I DON'T KNOW, DAVE, IF THERE'S ANYTHING TO ADD.
I THINK THE ONLY THING THAT I'LL ADD IS THAT OUR IF YOU'LL RECALL, OUR NETWORK INFRASTRUCTURE WAS DONE OVER TEN YEARS AGO, AND SO THIS BOND PACKAGE DOES INCLUDE A COMPLETE NETWORK EQUIPMENT REFRESH.
SO I JUST WANT TO PUT THAT OUT THERE FOR EVERYBODY.
THANKS. THERE ARE SOME OTHER INCLUSIONS IN THE BOND FOR FINE ARTS AND ATHLETICS.
[00:15:01]
IT WOULD BE INDOOR MULTIPURPOSE ACTIVITY CENTERS AT EACH ONE OF THE HIGH SCHOOLS, AS WELL AS PRESS BOXES FOR ALL YOUR FIELDS.SO THE PRESS BOXES, YOU DON'T HAVE THEM AND WHY THE NEED, YOU KNOW, IT IT'S ACTUALLY VERY COMMON.
IT'S VERY RARE TO SEE FACILITIES WITHOUT PRESS BOXES.
IT REALLY PROTECTS THE SCOREBOARD EQUIPMENT AND ANY SOUND EQUIPMENT THAT PEOPLE HAVE BECAUSE IT'S A PLACE THAT IS PROTECTED FROM THE WEATHER, AND THAT WAY IT ALSO YOU'RE NOT MOVING IT IN AND OUT, AND THAT CONSTANT MOVEMENT CREATES ISSUES FOR THAT EQUIPMENT.
IT ALSO HELPS KIND OF ENHANCE THE SPECTATOR EXPERIENCE BECAUSE YOU'RE ABLE TO NARRATE FROM THERE AND THEN ALSO PROVIDE STORAGE CLOSE TO THE FIELDS, WHICH, AS YOU KNOW, EVERY FIELD NEEDS.
SO THESE ARE THE SIZES, 200 SQUARE FEET FOR BASEBALL AND SOFTBALL, 300 FOR FOOTBALL.
SO IT INCLUDES THE DEMOLITION OF THAT.
THE INDOOR MULTIPURPOSE ACTIVITY CENTERS, WHICH WOULD BE AT EACH ONE OF THE HIGH SCHOOLS RIGHT NOW, WOULD INCLUDE A 100 YARD FIELD PLUS THE END ZONES. IT WOULD HAVE STORAGE AREAS DEDICATED FOR FINE ARTS AND ATHLETICS AND THEN ALSO HAS A SMALL OFFICE, SOME RESTROOMS TO BE USED, AS WELL AS AN ELEVATED PLATFORM TO BE USED BY A BAND AS THEY'RE DOING.
SO IT MOVES THE BAND ACTIVITIES INSIDE DURING THOSE VERY HOT SUMMER DAYS.
SO AS WE TALKED ABOUT BEFORE IN OUR BOND ATTORNEY WILL BE AT THE MEETING ON THE 18TH.
JUST A REMINDER TO THE BOARD ABOUT CHANGES IN THE LAW IN THE PAST AND PRIOR TO MAY 2020, WE WERE ABLE TO INCLUDE ALL BOND PROJECTS IN ONE PROPOSITION.
IF THE BOARD SO CHOSE, WE NO LONGER CAN DO THAT.
THERE ARE SOME SPECIAL CATEGORIES UNDER SPECIAL PURPOSE.
SO STADIUM WITH A SEATING OF 1000 OR MORE.
NOW OUR ATHLETIC FIELDS, THE WORK THAT WE'RE TALKING ABOUT THAT IRENE JUST WENT OVER WITH THE PRESS BOXES AND THE FIELD TURF, THOSE ARE 500 TO 750. SO THOSE ARE NOT GOING TO FALL UNDER THIS CATEGORY, AND HE'S TOLD US WE CAN INCLUDE THOSE IN THE GENERAL PROPOSITION, BUT YOU CAN SEE THE OTHER PIECES, THE RECREATIONAL FACILITY, THAT'S WHAT [INAUDIBLE] OUR ACTIVITY CENTERS, BECAUSE I TALKED TO HIM ABOUT THAT.
I SAID, WELL, YOU KNOW, OBVIOUSLY WE DON'T HAVE STADIUM SEATING IN THOSE.
BUT HE SAID IT'S KIND OF GOING TO FALL UNDER THAT RECREATIONAL FACILITY.
CERTAINLY, WE CAN DO WHAT WE WANT WHEN WE PUT BONDS OUT FOR ELECTION, BUT THE ATTORNEY GENERAL HAS TO APPROVE THE ISSUANCE OF THOSE BONDS, AND SO IF WE VIOLATE THE LAW, THE ATTORNEY GENERAL COULD THROW OUT OUR ELECTION.
SO WE CERTAINLY WANT TO MAKE SURE THAT WE ABIDE BY THE LAW AS WE GO THROUGH THIS PROCESS.
WOULD THE SEATING AT HALTOM HIGH SCHOOL [INAUDIBLE] I WAS TOLD YOU TALKING ABOUT IN THE AUDITORIUM? YEAH. YEAH, THAT'S NOT THAT'S NOT GOING TO IMPACT US.
SO BUT BECAUSE IT'S JUST SEAT REPLACEMENT, HE TOLD ME THAT WOULD NOT BE, BUT THAT'S A GOOD QUESTION.
THAT'S A GOOD [INAUDIBLE] PROPOSITION ONE OR WHATEVER.
YES, SIR, AND I'LL SHOW YOU THOSE LISTS.
SO WE'VE GOT THE MULLENDORE ELEMENTARY, THE NEW PARTNER SCHOOL, THE RENOVATIONS THAT THE DENTON HIGHWAY PROPERTY, THE CAFETERIA EXPANSION, OTHER PRIORITY ONE PROJECTS THAT WE'VE JUST GONE OVER THE PRESS BOXES AND THE ARTIFICIAL TURF.
SO PROP ONE IS AROUND $285 MILLION.
THE SECOND PROPOSITION, OBVIOUSLY, WE HAVE TO BREAK TECHNOLOGY DEVICES OUT.
I TRIED REALLY HARD TO SEE IF WITHIN THE FF&E OF A NEW BUILDING, COULDN'T WE JUST INCLUDE THAT AS PART OF THE EQUIPMENT? AND HE SAID, NO, THAT DEFINITELY HAS TO BE PULLED OUT.
SO THAT WILL BE ANY DEVICES, INDIVIDUAL DEVICES WILL HAVE TO BE IN A SEPARATE PROPOSITION , AND DAVE, HAS THAT ESTIMATED AT AROUND 16 MILLION FOR US TO CONTINUE THAT STUDENT STAFF RATIO, THE 1 TO 1.
SO THERE'S NOTHING ELSE IN THIS PARTICULAR PROPOSITION EXCEPT THE INDOOR PRACTICE FIELDS.
SO HERE WOULD BE THE THREE PROPOSITIONS THE 284, THE 16 AND 59.
SO OUR TOTAL PACKAGE WOULD BE JUST UNDER $360 MILLION.
[00:20:03]
ALL RIGHT. THIS IS OUR LAST SLIDE BEFORE JOSH COMES UP.DO YOU WANT TO ASK QUESTIONS NOW ON THE BOND PIECES OR YOU WANT TO GET HIM THROUGH HIS PIECE AND THEN WE'LL ASK QUESTIONS OVER THE WHOLE PROCESS? I THINK IT MIGHT BE HELPFUL FOR THEM TO HEAR, JOSH.
I DIDN'T GIVE HIM THE PIECES OFF.
IT'S A PLEASURE TO SEE ALL OF YOU.
I ALSO BROUGHT MY COLLEAGUE ALISON ALONG WITH ME TODAY SINCE SHE DID A LOT OF WORK ON THIS.
SO I'M JUST GOING TO HIT THE HIGHLIGHTS HERE, BUT BEFORE WE TALK ABOUT YOUR NEW BOND CAPACITY, I ALWAYS LIKE TO TALK ABOUT HOW YOU MANAGE YOUR DEBT PORTFOLIO AND THROUGH REFINANCING FOR SAVINGS OR THE USE OF PREPAYMENT OF DEBT.
TO MANAGE THAT TAX RATE, THE DISTRICT HAS REDUCED ITS FUTURE INTEREST COST TO TAXPAYERS BY OVER $32.6 MILLION OVER THE LAST DECADE. ALWAYS SOMETHING TO BE COGNIZANT OF WHEN YOU GO OUT FOR ANOTHER BOND ELECTION.
THE OTHER THING IS, AS YOU'RE WELL AWARE, YOU HAVE A TAX RATE THAT YOU ADOPT EVERY YEAR.
TWO COMPONENTS YOUR M&O, AND YOUR I&S, BUT IT'S ALWAYS IMPORTANT TO POINT OUT, ESPECIALLY WHEN YOU GO OUT FOR A BOND ELECTION, TO POINT OUT THAT OVER THE LAST THREE YEARS, YOUR TAX RATE HAS COME DOWN ALMOST 11.6 CENTS, AND BASED UPON YOUR VALUE GROWTH, YOU'RE ANTICIPATED TO GO DOWN ANOTHER 5.82 CENTS NEXT YEAR.
IN TERMS OF GENERAL--ARE THOSE NUMBERS BASED UPON THE NEW TAX ROLL.
SO THAT'S THE EXACT SAME NUMBER THAT TEA HAD CALCULATED FOR US.
THEY'VE ALREADY CALCULATED IT.
YES, SIR. WHEN DID THEY GET THE TAX ROLL? TEA DOESN'T GET THE TAX ROLL, WE SUBMIT THE TAX INFORMATION TO THEM.
I'VE ALREADY GOT BACK WITH YOU.
YES, SIR. I'VE GOTTEN THAT APPROVED.
YES, SIR. THAT'S FASTER I THOUGHT THE STATE OF TEXAS EVER WORKED.
[CHUCKLING] IT'S A CALCULATION.
IN TERMS OF GENERAL INFORMATION AND BOND CAPACITY.
THIS WILL SHOW YOU THE RESULTS FROM THE LAST SEVERAL ELECTIONS, BUT IN TERMS OF BOND CAPACITY CONSIDERATIONS, WE HAVE TO COMPLY WITH THE STATE MANDATED 50 CENT TEST. THAT IS NOT SOMETHING BIRDVILLE HAS AN ISSUE WITH, BUT THERE'S ALSO NOT A DOLLAR LIMIT ON HOW MUCH YOU COULD ASK VOTERS TO APPROVE.
IT'S ONLY A SELLING LIMIT, WHICH IS THE 50 CENT TEST.
THIS GIVES YOU A LOOK AT YOUR CURRENT BOND PORTFOLIO.
AS IT STANDS RIGHT NOW, YOU HAVE ROUGHLY $409 MILLION OF DEBT OUTSTANDING.
THOSE BONDS ARE BASICALLY REPAID OVER A 22-23 YEAR PERIOD.
YOU HAVE EXCELLENT UNDERLYING CREDIT RATINGS, DOUBLE A-PLUS BY FITCH AND AA BY S&P.
OUT OF THAT, 409,000,285 MILLION IS CALLABLE PRIOR TO FINAL MATURITY.
AND I'M GOING TO GET TO THAT HERE MOMENTARILY.
THIS GIVES YOU A LOOK AT YOUR VALUES FOR NEXT YEAR BASED UPON YOUR CERTIFIED ROLL.
YOUR VALUES ARE NOW JUST OVER $12 BILLION.
THE LARGEST INCREASE OVER THE LAST DECADE OCCURRED THIS YEAR OF ROUGHLY 1.127 BILLION OR 10.36%.
IF YOU LOOK AT YOUR ANNUAL GROWTH OVER THE LAST TEN YEARS IS AVERAGE ANNUAL GROWTH OF JUST OVER 550 MILLION OR YEAR OVER YEAR GROWTH OF 6.37%, AND IF YOU LOOK AT GROWTH OVER THE LAST FIVE YEARS, ROUGHLY 745 MILLION OR 7.71% YEAR OVER YEAR GROWTH.
SO LIKE YOU'VE DONE IN PRIOR YEARS, AS YOU GO SET YOUR TAX RATE HERE IN A MONTH BASED UPON THE NEW VALUES WE ARE PROJECTING, THE DISTRICT WILL BE ABLE TO PREPAY ANOTHER $7.545 MILLION AND REDUCE FUTURE INTEREST COSTS BY ROUGHLY 5.941 MILLION.
[00:25:07]
SO THAT'S ADDITIONAL SAVINGS TO THE TAXPAYERS, ALL BY MAINTAINING YOUR CURRENT I&S TAX RATE.SO KNOWING THAT YOU'RE GOING TO SELL ROUGHLY 359.8 MILLION, WE TOOK A LOOK AT YOUR CAPACITY BASED UPON YOUR VALUES AND SOME CHANGES IN THE ASSUMPTIONS.
FOR INSTANCE, WE'RE ASSUMING AN INTEREST RATE OF 5% IF YOU SOLD BONDS TODAY.
TODAY WAS A REALLY GOOD DAY TO SELL BONDS.
I KNOW WE LIFTED FOUR, BUT RATES ARE GOING BACK IN THE DISTRICT'S DIRECTION.
WE'RE SELLING THESE BONDS OVER A 25 YEAR PERIOD.
HISTORICALLY, THAT IS WHAT THE DISTRICT HAS SOLD ITS BONDS AT.
IN TERMS OF FUTURE VALUE GROWTH, WE HAVE GROWN YOUR VALUES FOR FOUR YEARS AT 649 MILLION.
HOW DID WE COME UP WITH THAT NUMBER? THAT IS THE MIDPOINT BETWEEN YOUR HISTORICAL TEN YEAR AND FIVE YEAR AVERAGE.
SO TRYING TO BE A LITTLE CONSERVATIVE IN TERMS OF FUTURE VALUE GROWTH, AND WE'VE ONLY GROWN YOUR VALUES FOR YEARS BECAUSE WE BASED UPON THE DISTRICT BOND ELECTION CYCLE, YOU TEND TO HAVE AN ELECTION EVERY FOUR YEARS AND WE WANT FUTURE GROWTH TO PAY FOR FUTURE BONDS.
SO WITH THAT, BASED UPON THESE ASSUMPTIONS, YOU COULD GO OUT AND SELL 359.8 MILLION WITHOUT IMPACTING YOUR I&S TAX RATE. OKAY, 5% INTEREST RATE, THERE SHOULD BE NO IMPACT TO YOUR I&S TAX RATE.
THE NET PROJECTED BOND PAYMENTS ASSOCIATED WITH THIS PROGRAM ARE ROUGHLY 662 MILLION.
IN THE FIRST FIVE YEARS, YOU'RE REPAYING ROUGHLY 22 MILLION.
KEEP IN MIND, YOU HAD 16 MILLION OF SHORT TERM FACILITIES.
AGAIN, WE'RE GOING TO REPAY THOSE OVER THE USEFUL LIFE.
WE'RE NOT GOING TO FINANCE A COMPUTER OVER A 25 YEAR PERIOD.
IN THE FIRST TEN YEARS, YOU'RE AMORTIZING CLOSE TO 80 MILLION, AND OVER THE FIRST 15 YOU'RE AMORTIZING ROUGHLY 153 MILLION, AND AGAIN, THESE BONDS WOULD HAVE A FINAL MATURITY OF 2048.
THE NUMBERS THAT SUPPORT THIS ARE A READING TEST.
I WON'T GO THROUGH THAT IN MUCH DETAIL OTHER THAN TO LOOK AT THE SECOND TO LAST COLUMN.
THIS IS A PROJECTION OF YOUR I&S TAX RATE.
SO YOU CAN SEE IN 22-23 ABOVE THE LINE, WE WOULD MAINTAIN YOUR 41.39 CENT TAX RATE BY PREPAYING DEBT, AND OVER THE NEXT FEW YEARS, YOUR RATE WOULD REMAIN AT THAT LEVEL.
IN ORDER TO KEEP IN MIND THAT YOU'RE GOING TO HAVE ANOTHER BOND PROGRAM DOWN THE ROAD, WE'VE ALREADY STARTED TO BUILD IN A STEP DOWN IN YOUR TAX RATE TO ACCOMMODATE FUTURE BONDS AND THE.
YOU KNOW, AT SOME POINT IN TIME.
SO THAT'S NOT TO SAY THAT YOUR TAX RATE WILL DROP $0.04.
THAT'S GOOD NEWS. ANY QUESTIONS? GOING BACK TO THE PROJECTIONS OF PROPERTY VALUATIONS FOR THE NEXT FOUR YEARS.
THERE'S SUCH A BIG, BIG PUSHBACK ABOUT THE PROPERTY VALUATION.
I THINK SOMETHING IS GOING TO CHANGE IN AUSTIN.
I MEAN, I'M ONE OF THE GUYS THAT'S OVER 65.
SO MINE'S, THEY TELL ME IT'S FROZEN.
I HADN'T SEEN ALL THAT YET, BUT YOU SAID A 6% INCREASE, WHAT YOU BUDGETED, WHICH WAS HISTORICAL.
WHAT HAPPENS TO US IF THAT STAYS FLAT FOR THE NEXT FOUR YEARS INSTEAD OF THIS PROPERTY VALUE STILL GOING UP? WE DON'T HAVE A LOT OF DEVELOPABLE PROPERTIES STILL LEFT.
THERE'S SOME, BUT NOT A HUGE AMOUNT.
I MEAN, HAVE WE KIND OF PROJECTED HOW MUCH OF THAT PROPERTY VALUE IS GOING TO BE NEW CONSTRUCTION AND HOW MUCH IS GOING TO BE JUST RATE IN OUR VALUE INCREASE OF EXISTING PROPERTY? SO I BELIEVE OUT OF THE 1.1 BILLION, LESS THAN 200 MILLION WAS ACTUALLY NEW CONSTRUCTION.
[00:30:07]
WITH FAIRLY QUICKLY IS YOU CAN LOOK AT WHAT'S IN THE 10% RESIDENTIAL HOMESTEAD CAP, MEANING ASSUMING FLAT GROWTH, HOW MUCH MONEY IS EXEMPTED BECAUSE VALUES GREW MORE THAN 10%, LET'S SAY THIS YEAR WILL COME BACK AND HIT YOUR ROLLS, AND I THINK THAT NUMBER WAS PRETTY CLOSE TO 700 MILLION.I DON'T REMEMBER, BUT I KNOW LAST YEAR IT WAS OVER 500 MILLION.
SO WE FIGURE WE HAVE ONE YEAR'S WORTH OF GROWTH ALREADY BANKED, IF YOU WILL.
MOREOVER, GIVEN THE CURRENT CLIMATE AND THE ECONOMY, WE ANTICIPATE BECAUSE VALUES ARE SET AS OF JANUARY ONE, THEY'RE NOT CERTIFIED TILL JULY 25TH, BUT THE RE-APPRAISALS ARE DONE AS OF JANUARY ONE.
SO BETWEEN THE TWO NUMBERS WE GOT COMFORTABLE WITH GROWING ABOUT FOUR YEARS.
RIGHT? WE COULD HIT A RECESSION TOMORROW AND HOME PRICES CAN COME DOWN IF THAT'S THE CASE.
GENERALLY SPEAKING, THE DISTRICT DOESN'T SELL ALL THE BONDS AT ONCE ANYWAYS.
WE SELL THESE OVER A PERIOD OF TIME YEARLY, GENERALLY ON AN ANNUAL BASIS.
WE CAN TAKE THAT INTO ACCOUNT WHEN WE SELL BONDS IN THE FUTURE, AND IF VALUES DON'T GROW AS MUCH, WE CAN INTRODUCE OTHER DEBT MECHANISMS LIKE VARIABLE RATE DEBT TO HELP BUY DOWN THAT RATE AND GIVE YOU MORE CAPACITY.
I JUST THINK WE'RE GOING TO SEE PROPERTY VALUES STABILIZE.
NOW [INAUDIBLE] DEFINE WHAT STABILIZED MEANS, BUT WE'RE NOT GOING TO CONTINUE TO SEE A 10% GROWTH IN VALUES, EVEN THOUGH I SEE NEW WAREHOUSES AND STUFF OVER THERE IN HALTOM CITY THERE BETWEEN BEACH AND HALTOM ROAD.
THOSE ARE GREAT ADDING TO OUR TAX ROLLS THERE.
SO THEY'RE TAKING UP SOME LAND THAT WAS HORSES WERE ON A YEAR AGO.
SO THAT'S HELPFUL, BUT PEOPLE IN HOMES, THAT'S WHERE I SEE A BIG FLUCTUATION.
WHAT'S GOING TO HAPPEN, AND WE'RE ALREADY GOING TO WE UP THE HOMESTEAD EXEMPTION FROM 25 TO 40, AND I WOULD NOT BE SURPRISED IF THAT GOES UP NEXT SESSION.
SO IF YOU LOOK ON AVERAGE THE NEXT FOUR YEARS, IT'S ESSENTIALLY 5% GROWTH.
SO WE'RE CUTTING THAT GROWTH FACTOR IN HALF.
WELL, HISTORICALLY, HOMES HAVE GONE UP 6% A YEAR FOR DECADES.
SO THE EXPERTS THAT WE'RE LISTENING TO ARE SAYING PROBABLY 10 TO 12% FOR THIS YEAR BECAUSE OF THE BEGINNING OF THE YEAR AND PROBABLY AGAIN, 4 TO 6% ON AFTER IT WILL LEVEL OUT.
EXPERTS ARE SAYING THAT TOO MANY PEOPLE ARE MOVING HERE.
THEY'RE EVEN SAYING ACROSS THE US PROBABLY 4%.
ONE THING THAT HAPPENED DURING THE 2018 BOND, MR. DAVIS, IS WE DID 5% GROWTH AND THEN WE HAD A COUPLE OF YEARS WHERE IT WAS MUCH HIGHER THAN 5%.
SO WHEN HE DOES JUST IS IT FOUR OR FIVE YEARS, WE CAPTURED A BUNCH OF THAT GROWTH IN THE FIRST COUPLE OF YEARS, WHICH REALLY GIVES US SOME PROTECTION BECAUSE THEN IF THE VALUES DO LEVEL OFF OR THE STATE DOES SOMETHING TO CAP THEM, WE'VE ALREADY CAPTURED THE MAJORITY OF IT.
THE OTHER THING THAT WE'VE DONE AND WE DO THIS REALLY FOR OUR BOND RATINGS, WE HAVE A PRETTY GOOD FUND BALANCE SITTING THERE AS WELL SO THAT WE CAN DIP INTO THAT IF WE NEED TO, AND SO THAT GIVES US SOME OPPORTUNITIES AS WELL, AND HONESTLY, AS WE CONTINUE TO PREPAY DOWN BONDS AND I KNOW YOU WENT OVER THAT WITH THEM, THAT'LL BE SOMETHING, AN INFORMATION ITEM OR WE'LL HAVE AN ACTION ITEM ON THAT NEXT MONTH, BUT THAT JUST CONTINUES.
THERE'S ALSO SOME RESTRUCTURING OPPORTUNITIES THAT WE COULD DO IF WE HAD TO.
WE HAVE ALL THESE BONDS COMING IN AND YOU CAN SEE HOW MANY WE DO AT TEN YEARS AND 15 YEARS.
YOU'RE NOT PROPOSING THAT, BUT I WANT TO GO ON RECORD RIGHT NOW.
I DON'T WANT TO EXTEND HOW MUCH LONGER WE'RE GOING TO PAY THIS INTEREST.
I WANT TO DO WHAT WE'VE DONE IN THE PAST.
[00:35:01]
SHORTEN IT, PAY THEM OFF EARLY.BIG NUMBER, AND THAT SHOWS THAT'S BEING A GOOD STEWARD.
I'M PAYING OFF THINGS AS I GO, AND STILL NOT JUST HAMMERING YOU, YOU KNOW, ON YOUR TAX BILL, AND I AGREE WITH THAT, RICHARD, AND THE KEY TO THAT IS INFORMATION THAT I'M HEARING.
FOR THE FIRST TIME, I WAS HOPEFUL THAT WE WOULD NOT HAVE TO INCREASE THE TAX RATE TO BE ABLE TO NO INCREASE IN THE TAX RATE FOR THE $350 MILLION IS A HUGE SELLING POINT FOR THE 25 YEAR AND FOR THE BOND FOR THE THREE PROPOSALS ITSELF.
I HAVE THREE OR FOUR QUESTIONS.
IS THIS A GOOD TIME? YEAH, AND DR.
SO, MULLENDORE, SMITH, FRANCISCO, THE SHANNON CENTER, THOSE ARE ALL FIFTIES OR BEFORE.
ARE THERE ANY OTHER BUILDINGS IN OUR DISTRICT THAT WAS BUILT IN THE FIFTIES OR BEFORE? OR WILL THIS TAKE CARE OF EVERYTHING PRIOR TO THE 1960? SNOW HEIGHTS. SNOW HEIGHTS IS ALSO OUT THERE.
OKAY. WHAT WAS THE COMMITTEE DISCUSSION REGARDING SNOW HEIGHTS AS TO.
DO YOU KNOW WHAT I'M TALKING ABOUT? NOT NECESSARILY, BUT WE DO HAVE THE CHART.
I KNOW SNOW HEIGHTS WAS BUILT 62 YEARS AGO.
SO IT'S 62, BUT THEIR CONDITION IS MUCH BETTER THAN THE OTHER SCHOOLS.
SO THAT'S WHY I DIDN'T RISE UP TO THE TOP.
THERE ARE SOME REPAIRS IN THE PROPOSAL FOR SNOW HEIGHTS, BUT AT THE TIME THERE WAS NOT A DISCUSSION.
SO IF THERE'S ANYONE WANTING TO DISCUSS SNOW HEIGHTS, OUR RESPONSE WOULD PERHAPS BE, WELL, WE CAN'T GET TO SNOW HEIGHTS UNTIL WE TACKLE THESE OTHERS, THAT PERHAPS SNOW HEIGHTS WOULD BE DISCUSSED NEXT TIME [INAUDIBLE] NEXT TIME UNLESS WE GET THIS PASSED.
EXACTLY IN ORDER OF CONDITION, THESE OTHER ONES ARE MUCH MORE IMPORTANT, AND AGAIN, THE BIG THE NEW ONE ON THE LIST WAS MULLENDORE BECAUSE IT WAS ALWAYS UNDER THE RADAR UNTIL WE DISCOVERED THE SLAB ISSUES.
SO THAT MOVED IT UP TO THE TOP AND GIVEN THAT, I REMEMBER DISCUSSIONS FOR TWO DECADES NOW ABOUT FOSTER VILLAGE'S FOUNDATION.
YES, FOSTER VILLAGE IS CONTINUALLY MONITORED AND THE BUILDING IS NOT MOVING.
SO IT PUSHED IT DOWN THE LIST A LITTLE BIT BECAUSE OF THAT.
ONE THING, TOO, ON FOSTER VILLAGE, I THINK IN IRENE'S WORKED ON THIS, THE SITE IS PRETTY SMALL AND SO IT WOULD BE VERY CHALLENGING TO REBUILD ON THAT PROPERTY, AND SO THAT WAS ONE OF THE REASONS, TOO, THAT IT DIDN'T RISE UP AS MUCH BECAUSE WE DIDN'T REALLY HAVE A SOLUTION.
I ALSO WANTED TO POINT OUT HOLIDAY HEIGHTS IS 55 YEARS OLD TO NORTH OAKS MIDDLE SCHOOL.
WATAUGA MIDDLE SCHOOL IS 52 YEARS OLD.
YOU JUST DID A WHOLE AIR CONDITIONING REPLACEMENT SO THAT, YOU KNOW, TAKES THEIR CONDITION DOWN.
HEY, RALPH, MY CHILDREN GO TO SNOW HEIGHTS.
IT'S IN REALLY GOOD SHAPE, AND I THINK WE'RE NOT GOING TO HAVE PEOPLE QUESTION WHY NOT SNOW HEIGHTS? BECAUSE I THINK THEY'RE MORE CONCERNED OR MORE WORRIED ABOUT IT COMBINING WITH ANOTHER.
SO I THINK THEY'LL BE THANKFUL.
IT'S NOT SNOW HEIGHTS THIS TIME.
I THINK THAT'S WHAT WE'RE GETTING FROM PARENTS AT SNOW HEIGHTS.
SO SMITH SITE WOULD HAVE THE PARTNER SCHOOL THERE WOULD WE BE ABLE TO KEEP EDUCATING KIDS ON THAT SITE AS WE'RE BUILDING AT ONE TIME I THOUGHT MAYBE WE COULDN'T, BUT WHAT'S THE CURRENT STATUS OF THAT? WOULD WE HAVE TO SEND THOSE KIDS SOMEWHERE ELSE OR YEAH, SO WE HAVEN'T GONE INTO DESIGNING OR PLAYING THAT, BUT WE KNOW THERE'S ROOM TO BUILD.
WE TOOK ONE OF YOUR PROTOTYPE ELEMENTARY SCHOOLS AND SITED IT AT SMITH AND IT FITS COMFORTABLY.
[00:40:04]
THERE'S APPROACHES YOU COULD KEEP THE ENTIRE BUILDING UP AND BUILDING FACES, OR YOU COULD CONSIDER TEARING DOWN SOME OF THE CLASSROOMS, KEEPING THE CAFETERIA GYM AND SOME OF THE SPACES, AND BUILD IT QUICKER SO THAT YOU CAN AGAIN DEFER SOME COSTS THAT COME WITH DOING THE CHANGE.THEY ALSO HAVE SPACE AT FRANCISCO.
OKAY, SO THOSE FINISH OFF QUESTIONS OR TO BE DETERMINED.
SHANNON CENTER DID NOT HAVE AN AUDITORIUM OR ARE THEY NOT CURRENTLY USING THEIR AUDITORIUM? VERY MUCH, AND MAYBE WE DON'T NEED AN AUDITORIUM AT THE NEW FACILITY.
WHAT THE SHANNON HIGH SCHOOL GROUP NEEDS IS A FINE ART ROOM AND SO WE PROVIDED THAT SO THEIR FINE ARTS PROGRAM VARIES DEPENDING ON THE STUDENTS THAT ARE COMING IN OR THE TEACHERS THAT THEY HAVE TO OFFER.
SO YOU COULD DO PERFORMANCES; IT'S A CAFETORIUM.
OKAY, AND WHERE IN THE 350 MILLION DOES IT INCLUDE REIMBURSING THE DISTRICT FOR THE PRICE OF THE WISDOM CENTER PROPERTY? WEREN'T WE GOING TO GET REIMBURSED IN THE BOND? WHERE IS THAT? YES, SIR. IT'S PART OF THE TOTAL COST OF THE BOND, AND SO WHAT YOU'LL HAVE.
TONIGHT. I'VE GOT AN INFORMATION ITEM JUST REMINDING YOU OF THE REIMBURSEMENT.
WE HAVE TO DO THE REIMBURSEMENT RESOLUTION WITHIN 60 DAYS OF THE PAYMENT, WHICH THAT WAS TODAY.
SO WE'LL BE BRINGING THAT FOR BOARD CONSIDERATION OF ACTION AT THE AUGUST 25TH MEETING, AND THEN WE WILL ONCE THE BONDS ARE ISSUED, THEN WE WILL ACTIVATE THAT AND REIMBURSE THE THOUGHT THAT WAS THE CASE, BUT IN THAT PROPOSITION A, WHEREVER THAT SLIDE WAS WHERE YOU MENTIONED THAT, I DON'T THINK IT WAS COVERED IN THERE.
IT IS IN THE BUDGET THAT IS ALLOCATED FOR THE--JUST THE SMALL LITTLE IT IS.
THE COST THAT I GAVE YOU TODAY TOOK THAT OUT OF THE QUESTION, BUT IT IS IN PROPOSITION ONE ON THE BOND, YES, WE CALLED THAT PROPERTY PURCHASE AND RENOVATIONS, I THINK IS WHAT WE HAD ON THE SHEET.
YEAH, AND I THINK THE PROPERTY PURCHASE JUST WASN'T ON OUR SLIDE TONIGHT.
RALPH, I LIKED YOUR QUESTION ABOUT SHANNON AND GOING BACK TO IT, I'M LOOKING AT THE CONCEPTUAL FIRST FLOOR PLAN AND LET'S BE REMINDED TO IT'S PROPOSED THAT THERE'S A PLC CENTER IN THERE.
SO FOR ACTUALLY TWO OF THEM, RIGHT.
FOR A LARGE CROWD, THEY COULD ACCOMMODATE AS WELL.
GOTCHA. YEAH, BUT IT'S A GREAT QUESTION.
YEAH. THE SMALL PLC THAT IS SHOWN IS FOR THE SHANNON HIGH SCHOOL STAFF TO HAVE THEIR PROFESSIONAL LEARNING MEETINGS AND OPPORTUNITIES AND THE OTHER ONE WOULD BE DISTRICT WIDE.
ANYTHING ELSE? YES, SIR. I GOT A QUESTION.
BACK TO THE TAX PORTION OF IT.
THERE'S A SLIDE AT THE VERY BEGINNING TO KIND OF PIGGYBACK OFF WHAT RALPH TALKED ABOUT EARLIER.
YOU SAID THE LAST FIVE YEARS THE TAXES HAVE GONE DOWN.
THEN YOU PROJECTED HERE IT IS FOR A BIOLOGY AND CHEMISTRY MAJOR.
CAN YOU GIVE ME THE FINANCE 401 FOR DUMMIES VERSION OF HOW YOU PROJECT A 5.82 DECLINE FOR 22-23 . WELL, I CAN GIVE YOU THAT.
SO IF YOU REMEMBER AND I'LL BE GOING OVER THIS NEXT MONTH WHEN WE DO THE TAX ADOPTION.
SO FOR THE FOR THE M&O TAX RATE, WHICH IS OUR GENERAL FUND TAX RATE FOR YEARS, YOU CAN SEE THAT DOLLAR FOUR AND SO FOR YEARS WE WERE KIND OF STOPPED AT THAT DOLLAR FOUR UNLESS WE WENT TO OUR VOTERS AND ASKED WE HAD THE ABILITY TO GET ANOTHER 13 PENNIES.
SO THEN BACK IN HOUSE BILL THREE, WHICH WAS IN 2019, TEA OR I GUESS THE LEGISLATURE BUILT INTO THE LAW THAT DISTRICTS TAX VALUES OVERALL COULD NOT INCREASE MORE THAN TWO AND A HALF PERCENT, AND IF THEY DID INCREASE MORE THAN TWO AND ONE HALF PERCENT, THE STATE WOULD AUTOMATICALLY REDUCE THE AMOUNT OF THE TAX RATE.
[00:45:03]
SO I'VE ALREADY TEA HAS A FORM.IT'S A VERY STRANGE THING THESE DAYS.
THEY TAKE SO MUCH OUT OF THE BOARD'S HANDS.
THE BOARDS DON'T HAVE A WHOLE LOT OF CONTROL.
SO THERE'S A FORM ONLINE, AND ONCE I GOT THE TAX VALUES ON FRIDAY, THEN I GO IN AND I TAKE THE ESTIMATED VALUES THAT THE TAX APPRAISAL DISTRICT PROVIDES ME, AND WE KEY IN WHAT WE HAD LAST JULY, WE KEY IN THIS JULY AND GOING THROUGH THE FORMULA, IT AUTOMATICALLY CALCULATES THE NUMBER.
SO OUR MAXIMUM COMPRESSED RATE FOR THIS YEAR WILL BE 81.59 CENTS, AND THEN WE ADD OUR FIVE GOLDEN PENNIES TO THAT AND WE GET TO 86.59.
SO THAT RATE WE HAVE NO CONTROL OVER OTHER THAN THE GOLDEN PENNIES, BUT IF WE REDUCE OUR TAX RATE, IF YOU REMEMBER, A GOLDEN PENNY IS VALUED AT MORE ALMOST DOUBLE WHAT WE CAN GET FROM THE TAXPAYERS.
IT HAS SIGNIFICANT FINANCIAL IMPLICATIONS.
SO EVERY YEAR, BECAUSE THIS IS NOW BUILT INTO LAW.
SO NEXT YEAR, IF, AS JOSH, YOU KNOW, WE KIND OF PREDICTED IF WE END UP WITH THE SAME GROWTH NEXT YEAR AS WE DID THIS YEAR SORRY, MY WATCH THINKS I'M TALKING TO IT.
[CHUCKLING] NEXT YEAR. I'M SORRY I LOST MY TRAIN OF THOUGHT NEXT YEAR IF WE GROW AT THE SAME LEVEL, THEN THERE WILL BE ADDITIONAL COMPRESSION THAT THE STATE WILL TAKE US THROUGH IN THAT 86.59 WILL GO EVEN LOWER.
SO THE GOOD NEWS THAT WE CAN TELL OUR VOTERS AND I THINK ANY HOMEOWNER BECAUSE MY MY VALUES WENT UP, THEY WERE CAPPED AT 10%, BUT I ALSO KNEW THAT THE RATE WAS GOING TO DROP, AND SO WE'VE GOT ALMOST A 6 CENT RATE DROP, AND IF YOU CAN LOOK, SINCE WE HAD THE DOLLAR FOR OVER THE LAST SEVERAL YEARS, OUR TAX RATE HAS GONE DOWN PRETTY SIGNIFICANTLY.
THAT'S WHY I THINK, YOU KNOW, IN THE SPRING WHEN THEY GET THAT NOTICE FROM THE TAX ASSESSOR, IT'S SO DAUNTING BECAUSE YOU I THINK PEOPLE DON'T ALWAYS KNOW WHICH NUMBER TO LOOK AT ON THE PAGE EITHER, BECAUSE THERE'S I'VE TOLD PEOPLE, YOU DON'T LOOK AT THE MARKET VALUE, YOU LOOK AT THE TAXABLE VALUE, AND BUT IN THE FALL, WHEN THEY GET THEIR BILL, WHICH WILL BE RIGHT BEFORE THE ELECTION, THEY'LL SEE THAT TAX COLLECTION AMOUNT MAY NOT HAVE GONE UP AS MUCH AS THEY THOUGHT IT WAS GOING TO.
I THINK THAT'S A GOOD MESSAGE FOR US THAT OUR RATE HAS GONE DOWN.
OKAY, WELL, GOOD. I APPRECIATE THAT.
ANYBODY ELSE HAVE ANY THAT MAKES SENSE.
I'LL GO THROUGH THAT AGAIN NEXT MONTH AS YOU GUYS ARE ARE LOOKING AT ADOPTING THE TAX RATE.
ABSOLUTELY. BECAUSE YEAH, THAT'S AWESOME, AND I THINK ONE OF THE OTHER BIG THINGS, AND I GOT THIS OFF OF A TASBO TRAINING LAST WEEK AND I'VE GOT SOME STUFF I'M GOING TO SHARE WITH MR. THOMAS TO PUT IN OUR SOME OF OUR PRESENTATIONS THAT DR.
STINSON DOES AROUND THE DISTRICT IN DIFFERENT PLACES.
WHAT PEOPLE NEED TO UNDERSTAND WE'RE GOING TO MAKE SURE THEY DO, IS THAT REGARDLESS OF HOW MUCH MORE TAX REVENUE WE GET IN, WE KEEP $0 OF IT, WE KEEP ALL THE TAXES, BUT THEN THE STATE REDUCES OUR FUNDING, AND SO WHILE WE SEE THESE BIG INCREASES AND PEOPLE SAY, WELL, LOOK AT ALL THIS EXTRA MONEY YOU'VE GOTTEN, WELL, YES, WE DO GET THAT MONEY, BUT THE STATE TAKES IT AWAY FROM US.
SO FOR FOUR YEARS NOW, OUR ABILITY TO GENERATE REVENUE HAS BEEN FLAT IN SPITE OF THE INFLATION WE HAVE. SO, RICHARD, I THINK ANOTHER MESSAGE WE NEED TO TELL THEM, WE COULD HAVE LOWERED OUR INTEREST IN SINKING FUND TAX RATE.
WE WOULDN'T HAVE BEEN ABLE TO PAY OFF AS MUCH AS WE PAID OFF.
WE HAVE KEPT THAT STAGNANT AND KEPT IT THERE.
MY QUESTION FOR KATY WOULD BE THE .8659.
THAT'S WHAT YOU'VE CALCULATED SINCE LAST FRIDAY.
WHAT NUMBER DID YOU USE IN OUR BUDGET THAT WE APPROVED? IT WAS A LITTLE HIGHER THAN THAT, SO WE WON'T HAVE TO REPUBLISH.
IT WAS I DON'T HAVE THAT RIGHT IN FRONT OF ME, I'M SORRY ABOUT THAT, BUT IT WAS HIGHER.
THE AMOUNT THAT WE HAD BUDGETED FOR WAS 0.88 OR WAS IT 0.84?
[00:50:04]
I THINK IT WAS AROUND 0.89 SOMETHING SOMEWHERE AROUND IN THAT LEVEL, [INAUDIBLE] AS MUCH TAX DOLLAR MONEY, THEN WE'LL GET MORE. ACTUALLY, IT'S GOING TO HERE'S THE TAX DOLLARS WILL GO UP BECAUSE REMEMBER, THERE'S WE STILL GET TWO AND A HALF PERCENT OF IT, BUT THEN THE STATE NUMBERS WILL GO DOWN.SO WHEN I'VE ALREADY RUN THE UPDATED BUDGET AMENDMENT FOR NEXT MONTH AND THE NET DIFFERENCE IN THE TAX CHANGE AND THE STATE FUNDING CHANGE IS 15,000 TO THE GOOD, BUT 15,000.
SO WHAT HAPPENS THERE? ARE YOU TELLING ME THEN WE'RE ACTUALLY GETTING LESS TAX DOLLARS BECAUSE OUR RATE WENT DOWN FROM 89 TO 86? LET'S DO SOME EASY MATH.
HOWEVER, THE STATE'S GOING TO MAKE UP THE DIFFERENCE THE OPPOSITE.
IF WE GET LESS IN COLLECTIONS, TYPICALLY THE STATE WILL MAKE THAT UP.
SO THAT TIER TWO, WHICH IS THOSE GOLDEN PENNIES, THOSE ALL GET OFFSET.
WHEN THOSE VALUES GO UP, WE LOSE SOME OF THOSE DOLLARS, AND I WILL TELL YOU, TOO, THAT ONE THING JOSH DIDN'T MENTION, WE TYPICALLY DON'T PUT THE ANY STATE REVENUE ON THE INTEREST AND SINKING SIDE IN OUR PROJECTIONS BECAUSE EVERY YEAR WE NEVER KNOW IF THAT'S GOING TO EVEN BECAUSE TYPICALLY WHAT HAPPENS IS WHEN THEY GIVE YOU HOLD HARMLESS FOR ANY KIND OF DROPS IN THE FORMULAS, THEY THEY TEND TO FIND A WAY TO MAKE THOSE DISAPPEAR, BUT FOR THIS YEAR AND YOU'LL SEE THAT NEXT MONTH, WE DO HAVE ABOUT 935,000 933,000 OF HELP AGAINST OUR I&S TAX RATES.
SO IF IN FACT, THAT NUMBER CONTINUES FOR A FEW YEARS AND WHEN THEY GO UP ON THE HOMESTEAD, AT LEAST THE FIRST FEW YEARS, WE DO GET SOME PROTECTION AGAINST THE HOMESTEAD GOING UP, AND SO WHILE WE'RE NOT PROJECTING THAT BECAUSE THAT'S KIND OF OUR SAFE HAVEN, WE WILL HOPEFULLY BE CONTINUING TO GET SOME OF THAT FOR A COUPLE OF YEARS.
SO THIS NEW BOND PROGRAM WOULD NOT QUALIFY FOR ANY STATE FUNDING AT THIS POINT, BUT HOW WOULD IT QUALIFY FOR STATE FUNDING? SO SHOULD THEY DECIDE TO CHANGE THE RESIDENTIAL HOMESTEAD EXEMPTION IN THE FUTURE, TYPICALLY WHAT THEY'LL DO IS THEY'LL MOVE THAT DATE FORWARD TO SOME POINT IN THE FUTURE, TYPICALLY AROUND THEIR FISCAL YEAR, SEPTEMBER 1ST OF WHATEVER YEAR.
THAT'S HOW THIS BOND PROGRAM WOULD QUALIFY.
ANY MORE QUESTIONS? JUST QUICKLY, MR. PRESIDENT. IRENE, FOR YOU, HOW ARE YOU FEELING ABOUT CONSTRUCTION COSTS AND WHAT'S BEEN BUDGETED? YOU KNOW, IT'S THE MOST VOLATILE MARKET WE'VE EVER SEEN.
YOU KNOW, PEOPLE WILL GIVE YOU WHAT THEY JUST RECENTLY BID AT, BUT NOBODY'S MAKING PROJECTIONS BECAUSE IT COSTS ARE SO ALL OVER THE PLACE, AND WE STILL WE'VE BEEN TOLD WE WON'T SEE A CHANGE UNTIL THE END OF 2023 OR POSSIBLY 2024.
WHAT DO YOU MEAN WON'T SEE A CHANGE? LIKE THE INFLATION AND THE CONSTRUCTION COSTS CONTINUING TO GO UP.
YOU'RE SAYING IT WON'T STABILIZE UNTIL THE END OF NEXT YEAR AND THE NEXT YEAR OR BEGINNING OF 2024.
SO WE PROJECTED WHEN WE DID THE ESTIMATES FOR THE ELEMENTARY SCHOOLS, WE USE NUMBERS FROM RECENTLY BID ELEMENTARY SCHOOLS IN THE NORTHWEST ISD SCHOOL DISTRICT. AND THOSE ARE SEEM TO BE A CONSTANT FOR THIS AREA.
MOST ELEMENTARY SCHOOLS ARE BIDDING AT THAT AMOUNT.
WE DID INCLUDE A SMALL AMOUNT OF INFLATION IN THE NEW SCHOOLS, BUT ONE OF THE WAYS THAT THE COMMITTEE CAME TOGETHER TO REDUCE THE COST WAS TO WORKING WITH [INAUDIBLE] AND HIS DEPARTMENT, ACCELERATE SOME OF THESE PROJECTS.
SO WE'RE GOING TO HIT THE GROUND RUNNING IMMEDIATELY SO THAT YOU YOU WILL BEAT OUT A LOT OF THE OTHER SCHOOL DISTRICTS THAT MIGHT BE PUTTING OUT SCHOOLS FOR BIDS AND THEN HOPEFULLY ALLEVIATE OR MITIGATE SOME OF THAT INFLATION.
DO YOU KNOW, TOP OF YOUR HEAD, WHICH ONES YOU MIGHT BE EXPEDITING?
[00:55:03]
ALL THE NEW PROJECTS WOULD BE EXPEDITED.IRENE ACTUALLY REDUCED SOME WE ACTUALLY PULLED SOME INFLATION OUT OF SOME OF THE COST WITH THE COMMITMENT FROM [INAUDIBLE] THAT WE WOULD BE EXPEDITING, AND HE DID A GREAT JOB.
YEAH, EXACTLY, AND WE HAVE PLANNED FOR THE EXTENDED CONSTRUCTION TIME JUST FROM LESSONS LEARNED, BUT YEAH, PUTTING IT OUT FOR BID TO THE DESIGN WOULD BE EXPEDITED SO THAT IT GOES OUT TO BID AND YOU CAPTURE A NUMBER EARLIER RATHER THAN LATER.
SO IN LIGHT OF THIS EXPEDITING WE DID FOUR YEARS AGO, WE EXPEDITED OUR VOTE ON SELLING THE BONDS.
ARE WE PLANNING ON DOING THAT AGAIN, VOTING EARLIER, TO GET A BETTER RATE? IF IT MAKES SENSE.
WE WERE ABLE TO GET SUCH LOW RATES LAST TIME.
WE DID VERY WELL IN THE LAST LAST SALE.
SO KEEP THAT IN MIND THIS TIME.
CAN WE COVER? I FORGOT WE DID HAVE THIS SLOT IN THERE.
I JUST WANTED TO REMIND THE BOARD ABOUT THE NEW LANGUAGE THAT'S REQUIRED.
SO ON ALL OF OUR PROPOSITIONS, THEY WILL END WITH THE STATEMENT.
THIS IS A PROPERTY TAX INCREASE.
SO IT'S GOING TO BE REALLY CHALLENGING AND WE'RE VERY HAPPY THAT WE'RE PROPOSING THAT WE DO NOT HAVE TO CHANGE THE TAX RATE, BUT THIS IS GOING TO BE A CHALLENGING PIECE BECAUSE AS MUCH AS YOU WANT TO PUBLICIZE TO THE DISTRICT AND HELP THEM UNDERSTAND THAT THE BALLOT WILL LOOK DIFFERENT WHEN THEY GO INTO LOOK AT IT, THAT'S GOING TO BE OUR CHALLENGE JUST TO GET THAT COMMUNICATION OFF.
WOULD IT BE TO OUR BENEFIT TO NOT JUST PUT THE ATHLETIC STUFF AT THE END, PUT THAT IN THE FRONT END, MAKE THEM YOU KNOW, LET THE REALLY EDUCATED VOTER LOOK AT THIS IS NEEDED.
THIS IS NEEDED. COULD BE THREE PROPOSITIONS WHAT I'M SAYING, WELL, FIRST, WE'VE GOT TO BUILD THESE NEW SCHOOLS AND STUFF, TECHNOLOGY IS GOING TO HAPPEN WITH EVERYTHING LEFT OVER. THEN WE'LL DO THE ATHLETIC DEAL.
I DON'T KNOW IF OTHERS HAVE EVER DONE THAT OR NOT, BUT I DON'T WANT TO BE A LEFTOVER.
OKAY. IMPORTANT THAT THOSE DO COME OUT ALSO AS FINE ARTS FACILITIES BECAUSE THEY ARE GOING TO BE USING BANDS, GOING TO GET A LOT OF USE OUT OF IT AND A LOT OF THE PROGRAMS AGREED AND I WOULD REFER YOU TO AREA SCHOOL DISTRICTS.
SO YOUR PEOPLE THAT ARE DRIVING AROUND ARE WATCHING THESE BEING BUILT.
DR. STINSON, WE HAD ASKED AT ONE POINT TO HAVE THE BAND THE ATHLETICS WORK ON A SCHEDULE.
HAVE WE DONE THAT YET WITH THAT POSSIBLE FACILITY? CERTAINLY. THEY'VE ALL BEEN INVOLVED IN THESE CONVERSATIONS.
HAVE THEY SAT DOWN AND ACTUALLY MADE SCHEDULES YET? I DON'T BELIEVE SO, BUT THEY CERTAINLY HAVE ALL HAD A SEAT AT THE TABLE IN TERMS OF DESIGN AND SPECIFICATIONS FOR USE OF THESE FACILITIES. WELL, I THINK THAT SCHEDULE WILL HELP US SELL IF WE HAVE THAT UP FRONT.
IT'S NOT GOING TO BE JUST THE FOOTBALL COACH'S DECISION WHO GETS TO USE IT, BECAUSE WE GOT WAY MORE BAND KIDS AND ALL THE ABOVE HAS DEVELOPED THOSE PROCEDURES AND POLICIES OF USE SO IT CAN BE A SELLING POINT TO THE PEOPLE OUT THERE.
WELL, I'D ALSO ADD TOO WITH SOME OF THE NEIGHBORING DISTRICTS AND HOW THEY'VE USED THESE MULTIPURPOSE FACILITIES IS THEY'VE EVEN USED IT FOR THEIR PRE-K KIDS THROUGH THEIR FIELD DAYS AND TRACK AND FIELD DAYS TO GET OUT OF THE SUN OR BAD WEATHER, AND THAT'S SOMETHING THAT WE NEED TO CHAMPION, TOO, IS THAT IT'S MOST CERTAINLY FOR FOOTBALL, IT'S MOST CERTAINLY FOR BAND, BUT IT'S ALSO FOR OUR PRE-K AND OUR ELEMENTARY SCHOOLS THAT THEY CAN HAVE ACCESS TO THAT AND DO FIELD DAYS AT IT AS WELL, AND THEN I KNOW WE DON'T DO THIS BECAUSE WE USUALLY RENT OUT PROM FACILITIES, BUT I KNOW COLLEYVILLE HERITAGE A COUPLE OF YEARS AGO HAD A PROM THAT WAS CANCELED DUE TO THE WEATHER AND THEY MOVED IT INTO THEIR INDOOR FACILITY.
SO EVEN THOUGH WE RENT OUT PROM FACILITIES, A LOT OF TIMES, I MEAN, IT PROVIDES THOSE AVENUES TO WHERE WE HAVE BACKUP FACILITIES TO GO TO AND RETREAT TO DUE TO WEATHER EVENTS OR ADVERSE EVENTS.
AND ONE TALKING POINT, IT'S ONE OF THE REASONS IT'S 100 YARDS WITHIN ZONES IS SO THAT IT IS USEFUL FOR THE BAND BECAUSE WE HEARD THAT IN SOME OF OUR VISITS THAT IF YOU DON'T HAVE THE FULL FIELD, IT MAKES IT DIFFICULT FOR THE BAND TO PRACTICE, AND THAT WAS SOMETHING THAT SOME OF THE COMMITTEE MEMBERS REALLY WANTED
[01:00:08]
TO MAKE SURE IT WAS KIND OF A COMMITMENT THAT WE GAVE THEM THE FULL FIELD SO THAT THEY COULD ACTUALLY PRACTICE.THE CONVERSATION FROM BAND WAS THAT THEY NEEDED THE FULL FIELD.
THE CONVERSATION FROM ATHLETICS WAS IT WAS A COMPROMISE FOR THEM, AND SO IN ORDER TO ACCOMMODATE THE FINE ARTS, DEFINITELY IT WAS WAS PLATTED FOR THE FULL 100 YARDS.
MR. PRESIDENT. YES? IRENE SAID SOMETHING.
WE REALLY NEED TO AS MATT'S POINTED OUT AND AS OTHERS POINTED OUT, I MEAN, THE FACT IT'S AN ATHLETIC DEAL THAT'S JUST A SMALL PART OF IT, REALLY.
SO I'M VERY GLAD THAT YOU EMPHASIZED THAT, IRENE, JUST BY THE WAY, THIS WILL NOT HAVE ANY.
I NOTICE THE FACILITIES IN IT.
THESE WON'T HAVE ANY FACILITIES FOR WEIGHTS OR ANYTHING LIKE THAT.
AN EXTRA SPACE FOR SOMEBODY TO HOUSE IF NEEDED, BUT NO LOCKERS, WEIGHT ROOM.
ANYTHING ELSE? ALL RIGHT, SINCE THERE IS NO FURTHER BUSINESS.
OH. DO WE HAVE SOMETHING? YEAH, LET ME CHIME IN HERE, IF I MAY.
I'VE WORKED WITH HIM OVER THE LAST COUPLE OF DAYS, ARE REALLY OVER THE WEEKEND GETTING A DOCUMENT UPDATED THAT HE PROVIDED TO US IN 2018, ESPECIALLY SINCE WE HAVE SOME NEW MEMBERS OF OUR BOARD THAT HAVE NOT BEEN PART OF A BOND ELECTION.
I ENCOURAGE YOU TO TAKE THIS AND READ IT.
WE ALL DO, NOT JUST AS ADMINISTRATORS AND TEACHERS, BUT THERE ARE SOME VERY SPECIFIC REFERENCES IN HERE TO THE ELECTED OFFICIALS, OUR BOARD OF TRUSTEES.
ALL RIGHT, MR. PRESIDENT, AGAIN, FOR THOSE OF YOU WHO HAVEN'T BEEN THROUGH A BOND, THE BOARD DOES GET CRITICIZED FOR, QUOTE UNQUOTE, NOT SUPPORTING THE BOND.
THAT'S TRUE, MR. DAVIS, RIGHT? I AGREE. YOU'VE HEARD THAT OVER THE TIME.
THIS WAS VERY WISE FOR YOU TO DO.
YOU CAN DO YOU CAN DO SOME THINGS.
THERE ARE THINGS THAT YOU CAN'T DO.
SO SO WE'RE GOING TO COMPLY WITH THAT, BUT IT DOESN'T MEAN THAT YOU CAN'T SAY ANYTHING.
THAT'S THE ONE THING THAT IS PROBABLY THE MOST COMMON MISTAKE THAT BOARDS MAKE.
WHAT IF SOMEBODY ASKS YOU A QUESTION ON EMAIL ABOUT THAT? YOU CAN GIVE FACTUAL INFORMATION.
WELL, FORWARD THEM TO MARK, IF YOU WANT FACTS, HE'LL HAVE PLENTY, SURE, BUT DO NOT TRY TO ANSWER OR DEBATE SOMEONE ON THE PROS AND CONS OF WHETHER PROPOSITION B IS GOOD OR NOT.
THESE GUYS THAT ARE ON THE PAYROLL, THEY CAN'T USE SCHOOL EQUIPMENT STUFF EITHER AT ALL.
IT'LL PROBABLY BE REINFORCED AGAIN BECAUSE SOMEBODY WILL CATCH SOMETHING ALONG THE WAY.
[01:05:01]
WE'LL JUST NEED TO REINFORCE.LET'S FIX IT. YEAH, THAT'S A GREAT POINT.
IT'S NOT TO SAY THAT THERE'S NOT ACCIDENTAL MISTAKES THAT ARE MADE, BUT WE CAN FIX THAT, YOU KNOW, BUT AS PRIVATE CITIZENS, YOU CERTAINLY HAVE OPPORTUNITIES TO DO OTHER THINGS, BUT THAT THERE'S A LINE THAT HAS TO BE DELINEATED.
THANK YOU FOR FOR THAT, AND IT'S VERY IMPORTANT FOR US TO READ.
ALSO, GOING BACK TO THE QUESTION THAT I ASKED IRENE.
IRENE, I THINK IT WAS CALLED FACILITY CONDITION INDEX.
SO THAT'S THE TERM I WAS TRYING TO REMEMBER, AND IF THAT HELPS AND I THINK WE HAVE THAT INFORMATION AND WE CAN SEND THAT AND WE HAVE THE LIST AND AT SNOW HEIGHTS IT HAD A HIGH NUMBER OF FACILITIES, CONDITION INDEX OF 42, BUT BY PUTTING THERE'S AIR CONDITIONING, PLUMBING, ELECTRICAL AND ROOFING PROPOSED IN THE BOND AND IT DROPPED THEIR FCI TO TEN.
SO IT BASICALLY GETS YOU A BUILDING THAT IS NEW.
DIDN'T HAVE THE STRUCTURAL ISSUES.
IT'S IN VERY GOOD SHAPE, AS MR. DREES POINTED OUT. SO AND THEN THE SAME THING WITH FOSTER VILLAGE.
FOSTER VILLAGE HAD A FACILITIES CONDITION INDEX OF 44.
THEY WOULD DROP TO 14 WITH THE AIR CONDITIONING AND ROOFING REPLACEMENTS THAT ARE PROPOSED.
SO YOU AGAIN, YOU BOUGHT ANOTHER 20 YEARS FOR YOUR BUILDINGS.
MR. PRESIDENT, ONE MORE THING FOR DR.
STINSON MAY NOT BE THE RIGHT TIME, BUT WHEN WHEN DO WE DISCUSS MAYBE TIMING OF WOULD THAT BE ONCE WE TALK ABOUT CALLING IT IS THAT WHEN WE TALK ABOUT WHEN WE WOULD CALL THE VOTE, IS THERE.
SO I THINK MARK HAS BEEN WORKING ON THAT, AND IS IT AUGUST THE 18TH, MARK, THE LAST DAY THAT WE CAN CALL IS THE 22ND OF AUGUST.
SO WE'RE HAVING A BOARD MEETING ON THE 18TH.
SO WE HAVE WE HAVE A COUPLE OF DAYS PADDING.
IF SOMETHING WERE TO HAPPEN AND WE FOR SOME REASON COULDN'T MEET ON THE 18TH, WE WOULD STILL HAVE A COUPLE OF DAYS TO HAVE CALL AN EMERGENCY MEETING. HAS THIS BEEN POSTED SUFFICIENTLY TO ALLOW ANY DISCUSSION OVER NOVEMBER VERSUS MAY? NO, I'M NOT SURE I UNDERSTAND THE QUESTION.
CAN WE DISCUSS HERE JUST AMONG BOARD MEMBERS WHETHER THEY FEEL MORE COMFORTABLE IN CONCEPT WITH THE NOVEMBER VERSUS PERHAPS ON MAY 2023? OR [INAUDIBLE] WE POSTED SUFFICIENTLY THAT WE COULD TALK ABOUT THAT? OH, I SEE WHAT YOU'RE SAYING TODAY, RIGHT? YEAH, I THINK THAT WE ARE OKAY.
I MEAN, IT WAS A GENERAL SUBJECT.
OKAY. JUST MY TWO THOUGHTS, AND THERE'S A LOT OF WISDOM ON THIS BOARD, BUT A COUPLE OF THOUGHTS I HAVE IS WE HAVEN'T HAD GOOD LUCK IN MAY IN THE PAST FOR VARIOUS REASONS WE DON'T NEED TO GET INTO.
WE'VE HAD BETTER LUCK IN NOVEMBER.
WE ALL KNOW THAT THIS IS WE SAID IT BEFORE THAT THIS IS NOT THE FIRST TIME WE'VE GONE INTO A BOND ELECTION WHERE I'M LIKE, THINGS DON'T LOOK GOOD FOR NOVEMBER AND IT SURE WOULD BE NICE TO HAVE A LITTLE MORE TIME MAYBE FOR THE ECONOMY TO RECOVER AND GET OUT OF A RECESSION.
IF WE ARE IN ONE OR IF IT'S DECLARED LATER, WE'RE IN ONE OR WHATEVER THE FACT I JUST WONDERED IF ANYBODY ON THE BOARD HAD ANY THOUGHTS WHETHER THEY WOULD FEEL MORE COMFORTABLE MOVING THIS TO A MAY 23 OR, I DARE SAY, NOVEMBER 23, OR WHETHER YOU'RE STILL COMFORTABLE MOVING FORWARD WITH THE NOVEMBER 22. I THINK NOVEMBER [INAUDIBLE] NOVEMBER OF 18 WAS 72 OR 73% NOW.
THE ECONOMIES WENT BETTER BACK THEN.
I THINK THAT'S REALLY INDECISIVE ON MY PART IS WHAT TODAY'S ECONOMY FOR THE CONSUMER PRICE INDEX, COST OF LIVING IS GOING UP, THINGS OF THAT NATURE THAT WE CAN'T CONTROL. I THINK THE COMMITTEE IS TELLING US WE'VE GOT A NEED AND I THINK OUR BIGGEST CHANCE OF PASSING IS WHEN THERE MORE VOTERS SHOW UP AND WE ALL KNOW MORE VOTERS SHOW UP IN NOVEMBER THAN THEY DO IN THE MAY ELECTIONS.
YOU KNOW, LAST TIME AROUND HOW MANY VOTED IN OUR SCHOOL BOARD ELECTION? YOU THAT WERE RUNNING, HOW MANY WERE VOTED TOTALLY [INAUDIBLE] A VERY BIG CONTESTED [INAUDIBLE] BUT HAVING 4000, 4000, 6000, IT WAS A FOUR FIGURE NUMBER.
YES, 6000 WERE VOTING AND WE MAY HAVE EVEN LESS THAN THAT IN ANOTHER MAY ELECTION.
SO I THINK WE HAVE A BETTER CHANCE OF SUCCESS IN GETTING OUR MESSAGE OUT IF WE DO IT IN NOVEMBER.
HISTORICALLY, THAT'S BEEN POSITIVE FOR US.
THE ONLY THING THAT'S NEGATIVE NOW IS HOW BAD OUR NATIONAL ECONOMY IS.
[01:10:02]
YEAH, THAT'S MY POINT. THERE'S NOTHING STOPPING US FROM TRYING IT AGAIN, SO.NO. YEAH, AND PLUS THAT $360 PRICE TAG BECOMES A 380 OR 390 OR 400 A YEAR LATER AND MAYBE A TAX RATE INCREASE AT THAT POINT, AND OR YOU DON'T GET TO DO AS MUCH.
YEAH, YEAH. MAYBE YOU HAVE TO PICK AND CHOOSE WHAT YOU CAN DO.
SO I'M CERTAINLY IN FAVOR OF THE NOVEMBER.
I WOULD NOT BE IN FAVOR OF DELAYING IT.
YEAH, WE FORMED A COMMUNITY GROUP TO DISCUSS THIS AND THIS IS WHAT THEY'RE SUGGESTING.
I KIND OF FEEL THAT I FEEL LIKE WE'RE KIND OF TIPTOEING THROUGH A GRAVEYARD A LITTLE BIT.
I THINK IF WE SELL [INAUDIBLE] EARLIER, I MEAN, THAT'S GOING TO BE A HUGE HELP.
WHAT REALLY WORRIES ME IS THE POLITICAL CLIMATE WE HAVE AND THE ECONOMY RIGHT NOW AND THEN THAT THOSE BIG RED LETTERS THAT SAY THIS IS A PROPERTY TAX INCREASE NO MATTER HOW MUCH WE GET OUT AHEAD OF IT.
ALL THOSE THINGS ARE KIND OF OMINOUS.
I DON'T KNOW THAT GOES AWAY IN MAY.
SO MAYBE WE GO AHEAD AND SHOOT OUR SHOT NOVEMBER, BUT I DO UNDERSTAND YOUR CONCERN.
I KNOW WHERE IT COMES FROM AND I SHARE THEM WITH YOU.
I THINK THE KEY TO SUCCESS IS US SAYING THAT OUR PROPERTY TAX RATE REALLY DOESN'T INCREASE, BUT THEN THEY GO TO THE BALLOT AND THEY SEE THE STATEMENT PUT ON THERE BY THE STATE LEGISLATURE THAT IT IS.
THAT'S WHY WE HAVE TO IT'S GOING TO BE KEY THAT WE EXPLAIN THAT TO PEOPLE, AND IF WE DO THAT, I THINK WE CAN PASS THIS BECAUSE IT WON'T REALLY RAISE THEIR TAXES.
ALL IT WILL DO IS IMPROVE THEIR COMMUNITY.
MY UNDERSTANDING IN THE PAST IS THAT Y'ALL TALKED TO US BEFORE ABOUT RECENT BOND ELECTIONS AND OTHER DISTRICTS AND THAT THE PASS OR FAIL OF THOSE BONDS WAS THOSE PACKAGES WAS BASED MORE ON, I GUESS, THE COMMUNITY RELATIONSHIP WITH THE BOARD THAN IT WAS BASED ON THE ECONOMY AND A TAX RATE INCREASE OR NOT, IF I REMEMBER CORRECTLY.
IS THAT NOT TRUE? I SEE YOU SMILING.
BUT AS JOURNALISTIC AS I CAN POSSIBLY MAKE IT.
THOSE DISTRICTS THAT GO OUT FOR NO TAX RATE INCREASE HAVE A MUCH HIGHER RATE OF SUCCESS THAN THOSE THAT DO GO OUT FOR A BOND PROGRAM AND HAS A TAX RATE INCREASE.
THE BIGGEST REASON OVER MY CAREER ELECTIONS [INAUDIBLE] IS VOTER APATHY.
I DON'T THINK YOU HAVE THAT PROBLEM NECESSARILY IN A NOVEMBER ELECTION.
IT'LL BE A BUNCH OF THEM OUT THERE.
I THINK WHAT'S HELPED US IN THE PAST AND LET'S GO BACK TO THE 18 LAST ONE, WE HAD 72-73% APPROVAL.
WE HAD A TRACK RECORD THROUGH OUR BOND OVERSIGHT COMMITTEE.
WE DID WHAT WE TOLD YOU WE WERE GOING TO DO.
IN FACT, WE DID NOT JUST THAT.
THEY'RE COMMITTED AND THEY RESEARCHED IT HARD.
I THINK WITH THAT KIND OF ENERGY, IN SPITE OF THE STATE POLITICS THAT ARE GOING ON OUT THERE.
WE'VE GOT A GOOD TRACK RECORD.
WE'VE GOT A GOOD REPUTATION OF BEING GOOD CONSERVATIVE, FRUGAL WITH OUR DOLLARS.
WE DON'T WASTE MONEY, AND THAT GOES BEYOND PARTY LINES TO A LOT OF PEOPLE.
WE'VE DONE WHAT WE SAID WE'RE GOING TO DO.
WE'RE GOING TO CONTINUE TO DO THAT AND WE'RE HONEST WITH THE VOTERS, AND I THINK WE'LL HAVE SUCCESS.
THERE'S A POSSIBILITY THERE ARE NEW OPPOSITION GROUPS OUT THERE THESE DAYS.
WE'VE BEEN ABLE TO AVOID THEM BECAUSE WE'VE BEEN GOOD STEWARDS OF OUR TAX DOLLARS, AND I'M GOING TO DEPEND UPON BEING HONEST WITH THE VOTER, BEING CONSISTENT WITH THE VOTER. WE'RE DOING WHAT WE SAID WE WERE GOING TO DO.
WE'VE GOT THIS TRACK RECORD WITH OUR BOND OVERSIGHT COMMITTEE.
THEY'RE THE ONES TELLING THE STORY THAT, HEY, WE DID WHAT WE SAID WE WERE GOING TO DO.
[01:15:09]
COMMUNITY, AND I THINK RICHARD'S RIGHT.THE BOND OVERSIGHT COMMITTEE IS STRONG, AND HE I LIKE YOUR TERM ENERGY.
THE ENERGY IN THAT ROOM WAS WAS FELT.
IT WAS PALPABLE. THEY THEY ARE BEHIND THE SCHOOL DISTRICT AND BEHIND THE NEEDS THAT WE HAVE.
ON THE OTHER HAND, JOE AND MATT, I COMPLETELY UNDERSTAND BECAUSE THE PART THAT YOU DIDN'T FIGHT IN 18 WAS THE BALLOT LANGUAGE , AND SO THE BALLOT LANGUAGE IS A SUBSTANTIAL HURDLE, AND I THINK WE'RE GOING TO RELY ON IRENE AND JOSH AND MARK TO HELP US WITH THAT. YOU KNOW, WHEN YOU TALK TO SOME OF OUR NEIGHBORS THAT DIDN'T PASS THEIR BOND ELECTION, THEY DO EVERY SINGLE ONE OF THEM POINT TO THE BALLOT LANGUAGE AND THAT IT FEELS DECEPTIVE, BUT THAT, AGAIN, IS NOT OUR LANGUAGE.
THAT IS A NEW REQUIREMENT THAT NO ONE UNDERSTANDS, AND SO THE LEGISLATORS HAVE SINCE COME BACK AND SAID, YEAH, WE UNDERSTAND THAT NO ONE UNDERSTANDS AND WE UNDERSTAND THAT IT IS ESSENTIALLY INCORRECT IN MANY CIRCUMSTANCES IF YOU'RE NOT PROPOSING THE TAX RATE ELECTION, AND SO FOR US, THE ABILITY TO HAVE A BOND ELECTION AND NOT HAVE TO HAVE A TAX RATE INCREASE IS POSITIVE, BUT AGAIN, THE BALLOT LANGUAGE SAYS SOMETHING DIFFERENT, AND SO IT'S GOING TO BE THE JOB OF ALL OF US, NOT ONLY JUST US AS A BOARD, US AS A COMMUNITY, AS AS A COMMUNICATIONS DEPARTMENT, AS ARCHITECTS, AS BOND ATTORNEYS, TO HELP PEOPLE, HELP OUR COMMUNITY UNDERSTAND THAT IS A NEW PROPOSITION THAT WAS PUT INTO BOND LANGUAGE AND WILL NOT NECESSARILY APPLY TO OUR ELECTION, AND SO THAT'S TO ME, THAT'S THE HURDLE THAT WE HAVE.
WE'RE GOING TO HAVE IT EITHER WAY.
WE'RE GOING TO HAVE IT IN NOVEMBER.
WE'RE GOING TO HAVE IT IN MAY.
SO FOR THOSE REASONS, I CAN SUPPORT BOTH DIRECTIONS, BUT I THINK THAT, YOU KNOW, I THINK THAT THE TIDE CURRENTLY IS POSITIVE AND THAT LET'S STAY THE COURSE, HAVE SOME WITH THAT LANGUAGE PASSED IN RECENT MONTHS, I GUESS THE LAST GENERAL ELECTION WAS MAY.
SO THE LAST COUPLE OF ELECTION CYCLES, ALISON, TELL ME IF I'M WRONG.
WITH THE NEW LANGUAGE, BUT A LOT OF THE ONES THAT FAILED WERE THE OTHER TYPES OF PROPOSITIONS.
SO THE GENERAL PROPOSITIONS HAD A MUCH HIGHER SUCCESS THAN THE OTHER PROPOSITIONS.
SO THERE'S A LOT OF DATA THERE, BUT THE LAST COUPLE OF ELECTION CYCLES, ELECTIONS HAVE BEEN HARDER TO PASS, BUT AGAIN, THE ELECTIONS THAT HAVE ENJOYED THE MOST SUCCESS ARE THE ONES FOR NO TAX RATE INCREASE.
EVEN IN MAY, WE LOOKED AT ALL OF THE PROPOSITIONS THAT HAVE NO TAX RATE INCREASE AND THE APPROVAL PERCENTAGE WAS RIGHT AROUND THE 70 PERCENTILE RANGE.
SO PEOPLE ARE STILL ABLE TO GET THEIR MESSAGE OUT TO THE COMMUNITY.
AS YOU GUYS HAVE BEEN SAYING, IT'S ALL ABOUT COMMUNICATION AND CONSISTENCY.
SO WHO IS IT THAT ACTUALLY WRITES THE PROPOSAL LANGUAGE FOR US? I'M ASSUMING WE HAVE A LAWYER THAT LOOKS IT OVER, BUT WHO THE BOND ATTORNEY.
THE BOND ATTORNEY [INAUDIBLE] BALLOT LANGUAGE.
THEN IT HAS TO BE APPROVED BY THE STATE.
I THOUGHT IT HAD TO BE APPROVED BY THE ATTORNEY GENERAL.
IT DOES. THE ACTUAL SALE OF THE BONDS IS THE.
AREN'T YOU ASKING ABOUT THE BALLOT.
YES. YES. YEAH. I THOUGHT THE AG HAD TO APPROVE THE.
SO THE AG DOES NOT LITERALLY APPROVE THE BALLOT LANGUAGE IN STATUTE.
ARE YOU SURE [INAUDIBLE] WHAT THEY CAN DO, THEY CAN'T INVALIDATE YOUR ELECTION.
WHAT THEY CAN DO IS NOT APPROVE THE SALE OF THE BONDS.
SO EVERY TIME WE SELL BONDS, WE ASK THE ATTORNEY GENERAL TO APPROVE THE LEGALITY OF THE ISSUE.
THAT'S WHERE THEY HAVE THE ABILITY TO COME IN.
IT USED TO BE [INAUDIBLE] I THOUGHT THE SECRETARY OF STATE OR SOMEBODY IS MISREMEMBERING THAT BADLY.
[01:20:09]
THE REASON I DON'T THINK THAT'S TRUE IS BECAUSE THERE'S A COUPLE OF DISTRICTS THAT ADDED LANGUAGE AFTER THIS IS A TAX RATE INCREASE AND SAID SOMETHING LIKE THIS IS REQUIRED BY THE STATE LEGISLATURE AND OUR BOND ATTORNEY SAID THAT IS VERY RISKY.NOW, HE'LL BE HERE ON THE 18TH AND HE CAN ANSWER THOSE QUESTIONS, BUT IT'S POSSIBLE THAT THERE ARE COMPONENTS, JOE, THAT ARE REQUIRED LIKE THAT SENTENCE, BUT YOU CAN ADD TO IT, BUT AGAIN, IT MAY COME BACK WHEN YOU TRY TO SELL THE BONDS.
MY MY REASON FOR ASKING THE QUESTION IS, IS THERE A WAY THAT WE COULD HAVE SOMEBODY OTHER THAN JUST THE LAWYER HAVE INPUT INTO THE LANGUAGE SO THAT IT IS MORE SELLABLE, IF THAT MAKES SENSE, WITHOUT IT VIOLATING ANY ANY LEGAL ISSUES.
JOSH, IF I CAN, AND I'M NOT GOING TO GET SPECIFIC ON THAT, BUT IN THIS DOCUMENT THAT I ASKED THE BOARD TO READ, IT DOES SPEAK TO BALLOT LANGUAGE AND BEING CAREFUL ABOUT HOW THAT'S WORDED BECAUSE YOU DON'T WANT TO TIE YOUR HANDS AS A BOARD AND AS A DISTRICT ON SPECIFIC LANGUAGE , AND SO, AGAIN, WHAT I KNOW A LOT OF THESE QUESTIONS WE CAN ANSWER WHEN CHRIS IS HERE ON THE 18TH.
OKAY. SINCE WE HAVE NO FURTHER BUSINESS, DO I HEAR A MOTION TO ADJOURN THIS MEETING? SOME MOVED.
I'LL SECOND AND SECOND BY CHRIS.
MEETING IS ADJOURNED AT 4:22.
* This transcript was compiled from uncorrected Closed Captioning.