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Rockdale ISD accepts termination of Sandow Lakes Ranch Chapter 313 agreement and amends budget to reflect expected revenue
Summary
Trustees accepted a termination notice from Sandow Lakes Ranch Solar I, LLC for the Chapter 313 agreement and approved a budget amendment to adjust revenue tied to Chapter 313 Value Limitation Agreement #1617 for 2024–25; both motions carried 5-0. The minutes do not specify monetary amounts.
The Rockdale ISD Board of Trustees accepted a written notice from Sandow Lakes Ranch Solar I, LLC exercising its option to terminate the Agreement for Limitation on Appraised Value of Property (a Chapter 313 arrangement) prior to the commencement of the tax limitation. The board approved the acceptance by motion (Julia Cardona), seconded by Jason Barcak; the vote was recorded as 5-0.
Separately, the board approved a budget amendment to adjust revenue to reflect the amount expected from Sandow Lakes Ranch Solar I, LLC for Chapter 313 Value Limitation Agreement #1617 for fiscal 2024–25. The minutes record approval of the budget amendment (motion by Julia Cardona; seconded by Jason Barcak) but do not list a dollar amount or describe the specific revenue impact beyond noting the amendment was made to accurately reflect expected revenue.
