Board approves resolution to sell property, moves ahead on bond defeasance and tax-rate administration

The Northeast ISD Board of Trustees approved several finance-related motions during the meeting, including a resolution authorizing the sale of district real property, a resolution to prepay and call for redemption of certain outstanding obligations, and actions on the tax rate.
During the open session following executive session, the board considered a resolution authorizing the sale of real property. Trustee Filarell moved approval "as presented" and Trustee Thompson seconded; the president called for the vote and the motion passed "7 to 0." The record shows the board acted under an executive-session discussion conducted pursuant to Texas Government Code section 551.072 (real property). No further details about the parcel(s) or sale terms were disclosed in open session.
On separate items, the board approved a resolution ordering the prepayment/defeasance and calling for redemption of certain outstanding obligations. Trustee Villarreal presented the financing resolution and the board approved it by unanimous vote. The board also adopted a resolution naming the district chief financial officer as the designated officer responsible for calculating and reporting the "no new revenue" and voter-approval tax rates, as required by the Texas Property Tax Code; the motion to appoint the CFO was adopted 7 to 0. Finally, trustees approved the district's tax rate worksheets and then adopted the 2025-26 tax rates. The CFO explained the calculation: TEA-provided compressed rate was approximately $0.63, the board added $0.05 for enrichment, and the district retains roughly $0.30 for debt service, yielding a total adopted rate of approximately $0.9822 per $100 of valuation, down from last year's 1.0007. Trustees voted to adopt the rates by a 7-0 tally.
All motions referenced in open session were recorded as passing unanimously; board members did not request additional public hearings during the meeting on those finance items.