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Peaster ISD board adopts proposed tax rate, calls VATRE and approves bond-defeasance resolution
Summary
Trustees approved the proposed fiscal-year tax rate, adopted an Order Calling a Voter-Approval Tax Rate Election, and adopted a resolution expressing intent to defease and redeem certain outstanding bonds; each motion passed 5–0. The actions were taken separately after the consent agenda.
At the Aug. 15 meeting the Peaster ISD Board approved several fiscal actions. Trustee Laura Stewart moved to approve the proposed tax rate for the fiscal year; Leanna Stafford seconded and the motion passed 5–0. The board then adopted an Order Calling a Voter-Approval Tax Rate Election (VATRE) on a motion by Laura Stewart, seconded by Mandy Cross; that motion also passed 5–0.
Later in the meeting, Trustee Mandy Cross moved that the board adopt a Resolution Expressing Intent to Defease and Redeem Certain of the District's Outstanding Bonds; Nathan McCarty seconded. The resolution passed 5–0, signaling the district's intent to pursue defeasance/redemption procedures. The transcript does not record detailed financial amounts, dates for the VATRE, or the specific bonds targeted for defeasance; those details are not specified in the record.
