Video index

1. Establish a Quorum and Call to Order

3. Opening remarks by Mayor outlining the basic approach to follow for this joint meeting under Texas Education Code 11.303.

4. Consider adoption of (A) a Joint Resolution Approving and Ratifying Fiscal Year 2024 Defeasance and Redemption Certain Outstanding Obligations of Stafford Municipal School District; and Containing Other Provisions Related Thereto, and (B) a Joint Resolution Authorizing and Providing for the Defeasance and Redemption of Certain Outstanding Obligations of Stafford Municipal School District; and Containing Other Provisions Related Thereto.

5. Opening remarks by the School Board President concerning the 2024-25 budget, tax rates, and budget process.

6. Presentation by SMSD Superintendent Dr. Robert Bostic and Chief Financial Officer Dovran Ovezov on proposed budget and proposed tax rate.

7. Presentation by Mayor of City's contribution to SMSD, and Stafford taxpayers' support provided in SMSD 2024-25 budget, and observations on budget and tax rate and other items.

8. Presentation by the Board President regarding 2024-2025 proposed budget and other related items.

9. Comments and questions by elected officials pertaining to presentations.

12. Consideration, discussion and possible action(s) by SMSD Board and City Council to approve the 2024-25 SMSD budget and related actions.

13. Consideration, discussion and possible action(s) by SMSD Trustees and City Council to approve and establish the ad valorem tax rate necessary for the support and maintenance of schools and the ad valorem tax rate necessary for the purpose of paying the interest and providing a sinking fund for the payment of bond indebtedness of the Stafford Municipal School District for the tax year 2024 to fund school budget year 2024-25 and related actions.

14. Consideration and possible action by City Council to adopt an ordinance providing for the assessment, levy, and collection of ad valorem taxes by the City of Stafford, Texas, for the use and benefit of the Stafford Municipal School District for the tax year 2024 to fund the school budget year 2024-25; providing the date on which such taxes shall be due and payable; providing for penalty and interest on all taxes not timely paid; repealing all ordinances and parts of ordinances in conflict herewith; and containing a severability clause.

15. Consider adoption of a Resolution authorizing the issuance of Stafford Municipal School District Tax and Revenue Anticipation Notes, Series 2024; and Containing Other Matters relating thereto.

16. Consider adoption of a Resolution authorizing the issuance of Stafford Municipal School District Maintenance Tax Notes, Series 2024; and Containing Other Matters relating thereto.

17. Brief closing remarks by SMSD representatives and City representatives.

Aug 26, 2024 Joint City Council/SMSD Board of Trustees

Full agenda
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1. Establish a Quorum and Call to Order

3. Opening remarks by Mayor outlining the basic approach to follow for this joint meeting under Texas Education Code 11.303.

4. Consider adoption of (A) a Joint Resolution Approving and Ratifying Fiscal Year 2024 Defeasance and Redemption Certain Outstanding Obligations of Stafford Municipal School District; and Containing Other Provisions Related Thereto, and (B) a Joint Resolution Authorizing and Providing for the Defeasance and Redemption of Certain Outstanding Obligations of Stafford Municipal School District; and Containing Other Provisions Related Thereto.

5. Opening remarks by the School Board President concerning the 2024-25 budget, tax rates, and budget process.

6. Presentation by SMSD Superintendent Dr. Robert Bostic and Chief Financial Officer Dovran Ovezov on proposed budget and proposed tax rate.

7. Presentation by Mayor of City's contribution to SMSD, and Stafford taxpayers' support provided in SMSD 2024-25 budget, and observations on budget and tax rate and other items.

8. Presentation by the Board President regarding 2024-2025 proposed budget and other related items.

9. Comments and questions by elected officials pertaining to presentations.

12. Consideration, discussion and possible action(s) by SMSD Board and City Council to approve the 2024-25 SMSD budget and related actions.

13. Consideration, discussion and possible action(s) by SMSD Trustees and City Council to approve and establish the ad valorem tax rate necessary for the support and maintenance of schools and the ad valorem tax rate necessary for the purpose of paying the interest and providing a sinking fund for the payment of bond indebtedness of the Stafford Municipal School District for the tax year 2024 to fund school budget year 2024-25 and related actions.

14. Consideration and possible action by City Council to adopt an ordinance providing for the assessment, levy, and collection of ad valorem taxes by the City of Stafford, Texas, for the use and benefit of the Stafford Municipal School District for the tax year 2024 to fund the school budget year 2024-25; providing the date on which such taxes shall be due and payable; providing for penalty and interest on all taxes not timely paid; repealing all ordinances and parts of ordinances in conflict herewith; and containing a severability clause.

15. Consider adoption of a Resolution authorizing the issuance of Stafford Municipal School District Tax and Revenue Anticipation Notes, Series 2024; and Containing Other Matters relating thereto.

16. Consider adoption of a Resolution authorizing the issuance of Stafford Municipal School District Maintenance Tax Notes, Series 2024; and Containing Other Matters relating thereto.

17. Brief closing remarks by SMSD representatives and City representatives.

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