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Flour Bluff ISD approves tax-exemption settlement with CPS Energy
Summary
Trustees authorized a tax-exemption settlement agreement with CPS Energy and empowered the superintendent or designee and general counsel to execute documents; the minutes do not include settlement details and the vote was 6-0.
At its Dec. 16 special meeting the Flour Bluff ISD Board of Trustees approved Tax Exemption Settlement Agreements with CPS Energy and authorized the superintendent or designee and the district's general counsel to take steps necessary to effectuate the agreements. Trustee Dr. Steven McClure moved to approve the settlement; Trustee Jeanie Blankenship-Paluseo seconded the motion, which carried 6-0.
The minutes state the board authorized execution of appropriate documentation but do not include the terms, dollar amounts, or other details of the settlement. The administration presenters for the item are listed in the minutes by initials (C. Steinbruck and T. Molina); no additional documentation or contract clauses are printed in the minutes. The board vote is recorded with Trustees Thornton, Hooper, Welp, Gerlach, McClure and Blankenship-Paluseo voting in favor; Dr. Jim Needham is recorded absent.
