[00:00:01]
          OH THERE WE GO. 
          [A. CALL TO ORDER: Establish a quorum]
ALL RIGHT. GOOD MORNING, EVERYBODY. 
          GOOD MORNING. IT'S AN ODD ONE FOR US TO SAY, BUT GOOD MORNING, EVERYBODY, AND WELCOME TO
THE SPECIAL MEETING OF THE HAYS CISD BOARD OF TRUSTEES. 
          THANKS, EVERYBODY, FOR GETTING UP THIS MORNING AND JOINING US. 
          ESPECIALLY WELCOME IF YOU HAPPEN TO GET UP EARLY AND LISTEN ONLINE, TODAY IS AUGUST 1ST,
2023, AND THE TIME IS 7:30 A.M. 
          A QUORUM HAS BEEN ESTABLISHED. 
          ALL MEMBERS OF THE BOARD ARE PRESENT, WITH THE EXCEPTION OF TRUSTEE JOHNNY FLORES AND
TRUSTEE ESPERANZA OROSCO. 
          WHICH NOW BRINGS US TO OUR PUBLIC FORUM. 
          I'M PRETTY SURE WE DON'T HAVE ANYBODY SIGNED UP TO SPEAK. 
          SO THAT'S GOING TO TAKE US STRAIGHT INTO OUR ACTION ITEM FOR THE DAY. 
          [C.1. Consideration and possible adoption of the order authorizing the Issuance, Sale, and Delivery of Hays CISD Unlimited Tax School Building Bonds, Series 2023, and containing other matters related thereto]
THE SUBJECT OF THIS ACTION ITEM IS THE CONSIDERATION AND POSSIBLE APPROVAL OF THE
ISSUANCE, SALE AND DELIVERY OF HAYS CISD UNLIMITED TAX SCHOOL BUILDING BONDS SERIES 2023. 
          THERE WILL BE A MOMENT FOR A DISCUSSION. 
          I'M GOING TO START WITH THE SUGGESTED MOTION, WHICH IS THAT THE HAYS CISD BOARD OF
TRUSTEES ADOPT THE ORDER AUTHORIZING THE ISSUANCE, SALE AND DELIVERY OF HAYS CONSOLIDATED INDEPENDENT SCHOOL DISTRICT UNLIMITED TAX SCHOOL BUILDING BONDS SERIES 2023,
AND CONTAINING OTHER MATTERS RELATED THERETO AS PRESENTED. MOVED BY MR. SEVERANCE. SECONDED BY MISS PETREA. 
          ANY FURTHER DISCUSSION? MISS PETREA? HI. YES. WE GOT A GOOD EXPLANATION AS TO WHY THIS IS COMING TO US. 
          KIND OF OFF CYCLE OUTSIDE OF A BOARD MEETING. 
          MR. MCMANUS OR DR. 
          WRIGHT OR ANYONE ELSE LIKE TO JUST LET EVERYONE KNOW KIND OF WHY WE'RE DOING THIS TODAY. 
          MR. ROWLEY, YOU WANT TO COME UP AND LET US ALL KNOW WHAT'S GOING ON? YES. SO WHAT WE ARE TRYING TO DO IS TAKE ADVANTAGE OF OR GET AHEAD OF WHAT THE
LEGISLATURE IS GOING TO COME IN, I GUESS, IN NOVEMBER WITH THE NEW LEGISLATION THEY ARE TAKING OUT TO VOTERS WHERE YOU CAN
VOTE ON THE INCREASE IN THE HOMESTEAD EXEMPTION FROM $40 TO $100,000. 
          SO IN ORDER FOR THIS DEBT TO QUALIFY FOR HOLD HARMLESS OR EXISTING DEBT ALLOTMENT, WE'RE
GOING TO, WITH THE HELP OF OUR FINANCIAL ADVISOR, MAKE A PAYMENT AHEAD OF TIME AHEAD OF SEPTEMBER 1ST SO THAT THIS DEBT WOULD THEN
QUALIFY. 
          SO IN ORDER TO MEET THAT DEADLINE AND THEN MEET MARKET CONDITIONS OF SELLING BONDS, WE'RE
TRYING TO GET THIS ORDER ESTABLISHED SO THAT WE CAN MOVE FORWARD ON THAT. 
          THANK YOU SO MUCH. 
          ANYBODY ELSE, MR. SEVERANCE? HEY, RANDY. 
          IT'S THE ONE. WE SELL THIS AND PUT IT INTO A SPECIAL FUND AFTER WE SELL THE BOND. 
          WHAT INTEREST RATE WILL THAT FUND BE? I'M SORRY? WHAT INTEREST RATE WILL THAT FUND BE WE'LL BE MAKING ON THIS MONEY? OH, FOR US, RIGHT NOW, OUR MOST OF OUR BOND FUNDS ARE PUT IN OUR INVESTMENT POOLS AND
THEY'RE RUNNING RIGHT NOW ANYWHERE FROM 5 AND A HALF TO A LITTLE NORTH OF 5.6. 
          OKAY. ALL RIGHT. 
          OKAY. THANKS. 
          ANYBODY ELSE. 
          OKAY. SEEING NO FURTHER DISCUSSION. 
          IT'S BEEN MOVED AND SECONDED. 
          ALL THOSE IN FAVOR? AYE. ANY OPPOSED? MOTION CARRIES FIVE ZERO. 
          THANKS BOARD. NOW FOR RFI. 
          ANYBODY HAVE ANY QUESTIONS YOU'D LIKE TO GET SUBMITTED TODAY SINCE WE HAVE IT ON THE
AGENDA? ALL RIGHT. MS. RUNKLE, WOULD YOU LIKE TO RECAP THOSE QUESTIONS? I'M KIDDING. OKAY. 
          SO OUR NEXT BOARD MEETING AND THANKS FOR EVERYBODY FOR COMING FOR A QUICK ONE THIS
MORNING, BUT IT WAS IMPORTANT WE GET THIS DONE. 
          MS. PETREA, THANKS FOR ASKING FOR THE EXPLANATION. 
          I THINK THAT WAS A GOOD THING TO DO. 
          BUT OUR NEXT MEETING WILL BE AUGUST 21ST, RIGHT HERE AT THE KUNKEL ROOM AT 5:30 P.M. 
          [F. UPCOMING BOARD MEETINGS]
AND WITHOUT ANY FURTHER OBJECTION, WE STAND ADJOURNED.
* This transcript was compiled from uncorrected Closed Captioning.