Mar 09, 2026 Board of Trustees

[00:00:06]

GOOD EVENING. GOOD EVENING.

[3. Reconvene in Open Meeting]

MR. MCCLENDON. GOT IT. IT'S A TEACHER UP THERE GETTING THIS READY TO GO. I'M COREY MCCLENDON. I'M GOING TO FACILITATE THESE STUDENT RECOGNITIONS TODAY. FIRST OF ALL, THIS IS A PACKED HOUSE. THIS IS WHAT WE WANT. WE WANT TO CELEBRATE YOUR KIDS WITH YOU. WE KNOW THAT YOU ARE PROUD, PROUD PARENTS, AND SO WE'RE GOING TO HONOR AND CELEBRATE A BUNCH OF OUTSTANDING YOUNG MEN AND WOMEN TODAY. AND REALLY, THE FIRST ONE WE'RE GOING TO DO IS GOING TO BE A FIRST.

WE'VE NEVER HAD A CHEER TEAM QUALIFY, SO IT'S KIND OF A COOL THING TO DO RIGHT OFF THE BAT.

BUT HERE'S HOW IT'S GOING TO GO TODAY. HERE IN JUST A FEW MINUTES, WE'RE GOING TO GET WAKELAND CHEER UP HERE BEHIND ME ON THE STAGE. BOARD'S GOING TO STEP OUT JUST SO THE PARENTS KIND OF KNOW THE ROUTINE.

JACQUELINE HOLLOWELL, OUR COORDINATOR OF STUDENT SERVICES, IS GOING TO DO A RECOGNITION. THEIR NAMES ARE GOING TO BE ON THE BOARD BEHIND. AND THEN YOU'RE GOING TO HAVE AN OPPORTUNITY TO TAKE PICTURES. AND SO Y'ALL SNAP AWAY. PARENTS, GET THE GOOD VIEWS, ANGLES. TORI IS GOING TO TAKE A PICTURE FIRST HERE IN FRONT, AND THEN SHE'S GOING TO MOVE OUT OF THE WAY. THEN ALL Y'ALL GET TO DO PICTURES AFTER THAT. AND THEN WE'RE GOING TO DO THE SAME THING FOR SWIM AND DIVE. OUR CHEER IS GOING TO EXIT. AND PARENTS, IF YOU WANT TO GO OUT IN THE LOBBY AND HANG OUT WITH THEM, TAKE MORE PICTURES, DO IT. THEN SWIM AND DIVE, WE'RE GOING TO DO THE SAME THING. THEN WRESTLING, WE'RE GOING TO DO THE SAME THING. THEN TMEA, ALL OF OUR MUSICIANS, WE'RE GOING TO WRAP UP THE NIGHT AND DO THAT. THAT'S GOING TO BE KIND OF THE CADENCE THAT WE GO. SO I'LL TRY TO KEEP US GOING ON THAT CADENCE. SO,

[4.A. Recognition of Wakeland High School State Cheerleading Students]

CONGRATULATIONS TO WAKELAND.

CHEER ON A SPECTACULAR YEAR.

WE'RE EXTREMELY PROUD OF YOU AND YOUR ACCOMPLISHMENTS AND THE HISTORY YOU'VE MADE FOR FRISCO ISD. THANK YOU SO MUCH, GIRLS. ALRIGHT GIRLS, HOLD YOUR POSES, NOPE, HOLD YOUR POSES. PARENTS, GET YOURSELVES WHERE YOU'RE ABLE TO TAKE A GOOD PICTURE, AND IF YOU NEED TO WALK UP, YOU CAN DO THAT TOO. ALRIGHT, ONE BIG ROUND OF APPLAUSE FOR WAKELAND SHEARER, NICE JOB LADIES. I AM, HEY, SORRY,

[00:05:26]

YOU GOTTA LOVE THAT JINGLE COMING IN WITH ALL THOSE MEDALS AROUND THEIR NECKS. IT'S A GREAT SOUND. ALL RIGHT, WE'LL GET ALL OF THEM IN HERE AND THEN WE'LL TURN IT OVER TO COACH RUCKER. WE'RE DOING THEM ALL TOGETHER. ALL RIGHT, SO WE'RE GOING

[4.B. Recognition of State Swimming and Diving Medalists]

COACH DEIDRE RUTGER, OUR ASSOCIATE ATHLETIC DIRECTOR, SHE'S GOING TO DO THE ACCOLADES HERE AND SPEAK FOR ALL THESE FANTASTIC PARTICIPANTS IN SWIM AND DIVE. SO WE'LL DO EACH SCHOOL. SO PARENTS, WE'LL TAKE A QUICK PICTURE OF EACH SCHOOL AS IT GOES. SO KIND OF WATCH WHERE YOUR KIDDO IS.

BE ABLE TO SNAP THAT PICTURE AS WE GO.

COACH RUCKER? ALL RIGHT.

FIRST, I WANT TO SAY THANK YOU TO THE BOARD OF TRUSTEES AND DR. WALDROP FOR TAKING TIME TONIGHT TO RECOGNIZE OUR OUTSTANDING FRISCO ISD SWIM AND DIVE PROGRAMS. CENTENNIAL, WILL YOU COME UP FIRST? WE WANT TO SAY, FIRST, I WANT TO BEGIN WITH, IF YOU'RE A PARENT, GUARDIAN, FAMILY MEMBER, FRIEND, NEIGHBOR, ANYONE THAT HAS SUPPORTED THESE STUDENT-ATHLETES, PLEASE STAND SO WE CAN RECOGNIZE YOU FIRST.

IF YOU'RE A PARENT, GUARDIAN, GRANDPARENT, STAND UP SO WE CAN RECOGNIZE YOU. WITHOUT YOU, THIS COULD NOT BE POSSIBLE.

BUT FIRST, I WANT TO RECOGNIZE CENTENNIAL. THE GIRLS' PROGRAM PLACED THIRD, A HISTORIC FIRST FOR THE PROGRAM, AND THEY ALSO WERE THE FIRST GIRLS TO WIN A 200 FREESTYLE RELAY. SO I WANT TO TELL YOU, CONGRATULATIONS ON YOUR STATE CHAMPIONSHIP.

ALL RIGHT, THANK YOU. GOOD JOB.

HOLD ON. WELL, PARENTS, IF YOU ALL WANT TO TAKE A PICTURE, SHE SAID, TO HAVE THE PARENTS TAKE A PICTURE. THANK YOU. THANK YOU.

DUDE, THEN I MESSED IT UP. I AM SO SORRY. ALL RIGHT, PARENTS, Y'ALL GET YOURSELVES READY.

TAKE A GOOD PICTURE HERE.

SORRY ABOUT THAT. ALL RIGHT, ANOTHER BIG ROUND OF APPLAUSE FOR CENTENNIAL. GREAT JOB, GUYS. ALL RIGHT, NEXT, WE WANT TO HONOR PANTHER CREEK. WE HAVE CAMILLE. SHE WAS, SHE PLACED SECOND IN THE 200-YARD FREESTYLE.

PANTHER CREEK DID EXTREMELY WELL, BOYS AND GIRLS. GIRLS ENDED UP WITH FOURTH PLACE.

BUT WE ARE PROUD FOR CAMILLE BECAUSE SHE WAS ABLE TO GET ON THE MEDAL STAND. SHE GOT SECOND PLACE, SO CONGRATULATIONS, CAMILLE. MAKE SURE WE GET THE PARENT PICTURE.

HOLD ON, HOLD ON, JUST A SECOND. VERY GOOD.

[00:10:01]

REEDY GIRLS FINISHED SECOND, MAKING IT THEIR FOURTH CONSECUTIVE YEAR TO BE ON THE MEDAL STAND. SO THAT'S A GREAT ACCOMPLISHMENT. AND THEN ALSO ELLA. SHE PLACED SECOND IN THE METER DIVE. SO FIRST TIME OF THAT AND THEN REEDY WAS ABLE TO BE FOUR CONSECUTIVE TIMES.

THEY'VE BEEN ON THE MEDAL STAND AND THIS YEAR THEY WERE ABLE TO PLAY SECOND AS A TEAM.

CONGRATULATIONS GIRLS. THAT'S A LONG, THAT'S A PANORAMIC. ALL RIGHT, HOLD TIGHT JUST FOR YOUR PARENTS, GIRLS, HOLD TIGHT. ALRIGHT, BIG ROUND OF APPLAUSE FOR REEDY. NICE JOB. GOOD JOB, GIRLS.

WAKELAND BOYS FINISH SECOND IN THE 200-YARD MEDLEY RELAY.

IN THE 200-YARD MEDLEY RELAY, WAKELAND BOYS FINISHED SECOND.

THEY FINISHED THIRD IN THE 200-YARD IM, AND THEY ALSO FINISHED SECOND IN THE 200-YARD FREE. THE BOYS ALSO WERE ABLE TO CLAIM THIRD PLACE, REACHING THE STATE MEDAL STAND SEVEN TIMES IN THE LAST EIGHT YEARS.

CONGRATULATIONS TO WAKELAND BOYS SWIM. AS WE'RE TAKING THAT PICTURE, I WILL GO AHEAD AND READ. THIS WAS ANOTHER INCREDIBLE SEASON FOR FRISCO ISD SWIM. EVERY HIGH SCHOOL QUALIFIED ATHLETES FOR THE REGIONAL MEET, AND NINE TEAMS ADVANCED THE U.S. STATE CHAMPIONSHIPS, SHOWING THE STRENGTH AND THE DEPTH OF OUR DISTRICT.

OVERALL, FRISCO ISD EARNED NINE STATE MEDALS, ONE GOLD, FOUR SILVER, AND FOUR BRONZE, ALONG WITH NUMEROUS TOP EIGHT FINISHES. THANK YOU TO OUR COACHES, OUR CAMPUS ADMINISTRATION, AND FAMILIES FOR YOUR SUPPORT. AND CONGRATULATIONS TO OUR STUDENT ATHLETES FOR REPRESENTING FRISCO ISD WITH PRIDE AND EXCELLENCE.

THANK YOU. ALRIGHT, PARENTS,

[4.C. Recognition of State Wrestling Medalists]

NICK SHARP, OUR ASSISTANT ATHLETIC DIRECTOR, IS GOING TO INTRODUCE OUR STATE WRESTLERS.

ALL RIGHT, GOOD EVENING EVERYONE. BOARD OF TRUSTEES, DR. WALDROP, THANK Y'ALL FOR TAKING THE TIME TO RECOGNIZE THESE AMAZING STUDENT-ATHLETES. IT IS MY PLEASURE, EXCUSE ME, TONIGHT.

IT'S MY HONOR TO RECOGNIZE THE EXPERIENCED GROUP OF STUDENT-ATHLETES WHO REPRESENT

[00:15:01]

COMPETING IN WRESTLING IS ONE OF THE HARDEST, IF NOT THE HARDEST, SPORTS YOU CAN ENDURE. YOU'VE GOT TO TAKE IN LONG NIGHTS, EARLY MORNINGS, ALL THE THINGS INVOLVED IN WRESTLING. THE ONE-ON-ONE COMPETITION TESTS THE RESILIENCY OF ALL THESE YOUNG STUDENT-ATHLETES. I'D FIRST LIKE TO START WITH CENTENNIAL HIGH SCHOOL.

Y'ALL PLEASE STEP UP TO THE FRONT, LET PARENTS GET YOUR PICTURE.

STAY THERE, PARENTS. THANK YOU.

BIG ROUND OF APPLAUSE FOR CENTENNIAL. GREAT JOB, GUYS.

NEXT, I WOULD LIKE TO RECOGNIZE HERITAGE HIGH SCHOOL. GREAT JOB, HERITAGE.

CONGRATULATIONS. NEXT, I WOULD LIKE TO RECOGNIZE LIBERTY HIGH SCHOOL. ALL RIGHT, ANOTHER ROUND OF APPLAUSE FOR DANNY. GREAT JOB. AND MEMORIAL HIGH SCHOOL. ALL RIGHT, GREAT JOB, CAMILLE.

CONGRATULATIONS. NEXT, I WOULD LIKE TO RECOGNIZE REEDY HIGH SCHOOL. ALL RIGHT, GREAT JOB, LEO. AND FINALLY, PANTHER CREEK HIGH SCHOOL. GREAT JOB, TRAVIS. AND FINALLY, TO YOUR PARENTS THAT ARE HERE, PLEASE GIVE YOURSELF A ROUND OF APPLAUSE FOR ENDURING ALL THESE EARLY MORNINGS. AND ONE LAST THING I WOULD LIKE TO ADD, WE SENT 45 STUDENT-ATHLETES TO THE STATE TOURNAMENT THIS YEAR. ALL 12 HIGH SCHOOLS IN FRISCO, ISD WERE REPRESENTED DOWN THERE, AND AS YOU COULD TELL, WE WERE REPRESENTED VERY WELL.

ALL RIGHT, SO WE'RE THROUGH WRESTLING. WRESTLING PARENTS, IF YOU WANT TO STEP

[4.D. Recognition of TMEA All State Secondary Music Students]

[00:20:02]

WELL, GOOD EVENING AND THANK YOU SO MUCH FOR ALLOWING US THE OPPORTUNITY TO DO THIS THIS EVENING. I KNOW YOU GET TO HEAR FROM ME A LOT AND THIS EVENING I'D LIKE TO HAVE MR. KANZLER JOIN ME AT THE PODIUM. HE'S GOING TO HELP TAKE US THROUGH THIS CEREMONY, GIVE YOU A LITTLE BIT OF INFORMATION ABOUT THE TMEA ALL-STATE PROCESS, AND THEN WE'RE GOING TO RECOGNIZE 59 OUTSTANDING STUDENT MUSICIANS FOR THIS AWARD THIS EVENING.

THANK YOU, MR. HAZARD.

TONIGHT, WE PROUDLY HONOR THE EXCELLENCE OF OUR SECONDARY MUSIC PROGRAMS BY RECOGNIZING 59, THAT'S RIGHT, 59 FRISCO ISD STUDENTS THAT WERE SELECTED AS TMEA ALL-STATE MUSICIANS. THIS PRESTIGIOUS TITLE IS AWARDED THROUGH THE TEXAS MUSIC EDUCATORS ASSOCIATION, AND STUDENTS EARNING THIS HONOR PARTICIPATED IN REHEARSALS AND PERFORMANCES AS PART OF THE TMEA CLINIC AND CONFERENCE HELD IN SAN ANTONIO LAST MONTH, FEBRUARY. THE 11TH THROUGH THE 14TH. THESE STUDENTS TRIUMPHED THROUGH A RIGOROUS SELECTION PROCESS THAT BEGAN WITH OVER 72,000 MUSICIANS STATEWIDE, CULMINATING IN REGION AND AREA COMPETITIONS. ONLY THE TOP THREE PERCENT ADVANCE TO EARN THIS DISTINGUISHED RECOGNITION, MAKING ALLSTATE THE HIGHEST INDIVIDUAL HONOR A TEXAS MUSIC STUDENT CAN ACHIEVE. WE'RE ALSO GRATEFUL FOR THE EXCEPTIONAL EDUCATORS GUIDING THESE TALENTED STUDENTS. THEIR DEDICATION AND SUPPORT ARE VITAL TO NURTURING AND GROWING THESE STUDENT PERFORMERS. OUR TEACHERS ARE ABSOLUTELY THE BEST OF THE BEST, AND TONIGHT WE RECOGNIZE AND CELEBRATE BOTH OUR ACCOMPLISHED MUSICIANS AND THE INCREDIBLE EDUCATORS THAT STAND BEHIND THEIR SUCCESS. SO PLEASE JOIN ME IN CONGRATULATING OUR FRISCO ISD ALL-STATE MUSICIANS AND THEIR TEACHERS. AND WE WILL BEGIN WITH CENTENNIAL HIGH SCHOOL. SAME THING, STUDENTS, THAT YOU HAVEN'T BEEN IN HERE YET, BUT YOU, STUDENTS, ONCE TORI TAKES A PICTURE IN THE FRONT, GO AHEAD AND FREEZE, BECAUSE YOUR PARENTS ARE GOING TO START TAKING PICTURES BEHIND HER. LIKE, RIGHT NOW, YOU SEE ALL THE CAMERAS COME UP? SO YOU'VE GOT TO KEEP POSING, ALL THE KIDDOS THAT ARE IN LINE, KEEP POSING JUST FOR A FEW MINUTES.

CONGRATULATIONS, CENTENNIAL.

GREAT JOB. NEXT IS EMERSON HIGH SCHOOL. ALL RIGHT, GREAT JOB, EMERSON. NEXT UP IS FRISCO HIGH SCHOOL. ALL RIGHT, GREAT JOB, FRISCO HIGH. NEXT UP IS HERITAGE HIGH SCHOOL. ALL

[00:25:34]

NEXT IS LONE STAR HIGH SCHOOL. GREAT JOB, LONE STAR.

NEXT UP IS MEMORIAL HIGH SCHOOL. GREAT JOB, MEMORIAL.

NEXT UP IS PANTHER CREEK HIGH SCHOOL. THAT'S WHAT I'M TALKING ABOUT. CONGRATULATIONS, PANTHER CREEK. AND REEDY HIGH

[00:30:03]

ALRIGHT, ANOTHER BIG ROUND OF APPLAUSE FOR WAKELIN. THANK YOU SO MUCH FOR ALLOWING US TO RECOGNIZE OUR ALLSTATE MUSICIANS TONIGHT. WE WERE FORTUNATE AND GLAD TO HAVE REPRESENTATION FROM ALL 12 OF OUR HIGH SCHOOLS. SO CONGRATULATIONS ONCE AGAIN TO THESE FABULOUS MUSICIANS AND THEIR TEACHERS. PARENTS, THANK YOU SO MUCH FOR BEING HERE TONIGHT AND LETTING US CELEBRATE YOUR KIDDOS. IT WAS SO AWESOME. Y'ALL HAVE A GREAT EVENING. IF YOU'RE NOT STAYING FOR THE REST OF THE BOARD MEETING, YOU'RE WELCOME TO STAY. HEY GUYS, IT IS 635 AND WE ARE GOING TO RECONVENE FROM RECESS INTO OPEN MEETING. WE'LL MOVE TO OUR NEXT AGENDA ITEM, WHICH IS THE PLEDGE OF ALLEGIANCE. MRS. MCCUNE. THANK YOU. TONIGHT, WE HAVE STUDENTS FROM MCSPEDDEN AND GUNSTREAM ELEMENTARY TO LEAD US IN THE PLEDGE OF ALLEGIANCE.

[00:35:15]

HONOR THE TEXAS FLAG; I PLEDGE ALLEGIANCE TO THEE, TEXAS, ONE STATE UNDER GOD, ONE AND INDIVISIBLE.

ALL RIGHT, EVERYBODY GOOD? OKAY.

OKAY. THANK YOU TO OUR PARENTS AND STUDENTS FROM MCSPEDDEN AND GUNSTREAM ELEMENTARY SCHOOL. THE BOARD

[6. Communication to and from the Board including Public Comments]

MR. HILL. WE NOW MOVE ON TO THE PUBLIC COMMENT SESSION OF OUR AGENDA. THE BOARD WELCOMES COMMENTS REGARDING AGENDA ITEMS FROM INDIVIDUALS WHO HAVE COMPLETED PUBLIC COMMENT FORMS THIS EVENING, WHICH ARE ACCEPTED UNTIL THE BEGINNING OF THE OPEN MEETING AND ARE NOT TRANSFERABLE TO OTHER SPEAKERS. PLEASE BE ADVISED THAT THE INFORMATION SHARED IN PUBLIC COMMENT IS NOT AN ENDORSEMENT OF THE INFORMATION SHARED BY THE PRESENTER. AND SOLELY PROVIDES THE OPINION OF THE INDIVIDUAL SPEAKER, NOT THE DISTRICT. DURING THE PUBLIC COMMENT PERIOD, COMMENTS SHOULD BE DIRECTED TO THE BOARD OF TRUSTEES ONLY, NOT OTHER ATTENDEES, AND ONLY MADE ONCE YOU HAVE BEEN CALLED UPON TO SPEAK. TO ENSURE THAT ALL SPEAKERS ARE TREATED EQUALLY AND HAVE THE SAME AMOUNT OF TIME, THE PODIUM MICROPHONE WILL BE TURNED OFF AT THE CONCLUSION OF THE TIME FOR EVERY SPEAKER. PLEASE KEEP ALL PUBLIC COMMENTS RELATED TO THE SCHOOL DISTRICT GOVERNANCE AND OPERATIONS. IF YOU HAVE A SPECIFIC CONCERN RELATING TO AN EMPLOYEE OF THE DISTRICT OR A SPECIFIC STUDENT ISSUE, YOU ARE ENCOURAGED TO UTILIZE THE DISTRICT'S GRIEVANCE PROCEDURES PROVIDED IN BOARD POLICIES. DGBA LOCAL, FNG LOCAL, AND GF LOCAL. EACH GRIEVANCE PROCEDURE ALLOWS FOR AN INDIVIDUAL TO REDRESS GRIEVANCES WITH THE BOARD OF TRUSTEES.

PLEASE REMEMBER THAT THE BOARD MAY NOT DISCUSS OR ACT UPON ANY ISSUES THAT ARE NOT PROPERLY POSTED ON THE AGENDA. IF YOU WISH TO PROVIDE PUBLIC COMMENT ON AN ITEM THAT IS NOT ON THIS MEETING'S AGENDA, PLEASE JOIN US AT OUR NEXT COMMUNITY INPUT MEETING ON APRIL 27TH. THE FIRST PORTION OF OUR PUBLIC COMMENT SESSION IS STAKEHOLDER TESTIMONY. WHEN THE BOARD WILL HEAR FROM PARENTS OF FRISCO ISD STUDENTS, FRISCO ISD EMPLOYEES AND STUDENTS, AND OTHER FRISCO ISD RESIDENTS. ALL INDIVIDUALS ARE REQUIRED TO PROVIDE A FULL NAME AND HOME ADDRESS WHEN SIGNING UP TO SPEAK. IF WE WERE UNABLE TO VERIFY AN INDIVIDUAL'S STATUS AS A STAKEHOLDER BASED UPON THE INFORMATION PROVIDED, THE INDIVIDUAL WILL BE CALLED UPON TO SPEAK DURING PUBLIC TESTIMONY. MS. DAVIS. THANK YOU, TRUSTEE HILL. TONIGHT, WE DO HAVE ONE... SPEAKER THAT IS, MR. PAUL JESSEN, MR. JESSEN WILL BE SPEAKING ON THIS ACTION. ITEM D ACT ON AN AGREEMENT WITH LEXIA LEARNING SYSTEMS, SO THAT IS CONSENT AGENDA ITEM 14 D.

MR. JESSEN GOOD EVENING, BOARD, MR. SUPERVISOR, TRUSTEES, FRIENDS, AND STAFF. SPEAKING

[00:40:03]

IF I HAD NOT HAD THIS, I WOULD NOT HAVE BEEN SEEN. SO JUST A LITTLE REQUEST THAT MAYBE THERE COULD BE MORE LIGHT AFTER THESE MEETINGS WHEN IT'S DARK, SO WE DON'T FALL.

LEARNING SYSTEMS. ONE OF THE MAIN LEARNING SYSTEMS I KNOW IS MEMORY. AND JUST TO REVIEW OR REMEMBER THAT THERE'S SOME THINGS THAT I'M STILL NOT CLEAR ABOUT AND YOU COULD HELP ME WITH, WHAT DOES N-A MEAN WHEN WE GET TO THE PART OF THE WEBSITE IN TERMS OF ANSWERING QUESTIONS? AND THIS HAS BEEN COMING UP EASILY OVER THE LAST COUPLE YEARS AND IT'S USED. I ALWAYS THOUGHT, IN A MEAN, NOT APPLICABLE, AND IT SEEMS TO ME, IT MEANS NOT ANSWERABLE, SO ARE WE GOING TO HAVE ANSWERS THERE OR NOT? I JUST MR. JUSTIN, WE TRULY APPRECIATE YOU COMING. WHAT WE CAN DO IS MAKE SURE THAT WE HAVE A STAFF MEMBER HERE TO EXPLAIN THAT.

WE'RE NOT AT LIBERTY TO DISCUSS THAT PARTICULAR ITEM BECAUSE IT'S NOT ON THE AGENDA, BUT WE WILL MAKE SURE WE HAVE AN ANSWER FOR YOU TODAY. OKAY, THAT'LL WORK. THAT'S ALL I'M ASKING FOR. AND THEN A NUMBER OF TIMES WE'VE BEEN ASKING, WOULD THE SCHOOL BOARD BE .OPEN? TO A FORENSIC AUDIT OF THE BUDGET, AND THAT'S NEVER BEEN ANSWERED.

AND SO I'M JUST WONDERING IF SOMETIME SOON, AS A LEARNING SYSTEM REMINDER, THAT WE COULD MAYBE HAVE THAT ANSWERED AS WELL. THEN THERE'S THE FREQUENTLY ASKED QUESTIONS.

I THINK IT'S NUMBER THREE.

MR. JACKSON, NONE OF THOSE ITEMS ARE ON OUR AGENDA FOR THIS EVENING, BUT I WILL BE PERSONALLY HAPPY IF YOU CAN REACH OUT TO ME TO ANSWER ANY OF THEM. QUESTIONS THAT ARE NOT ON THE AGENDA THIS EVENING.

WELL, THAT'S INTERESTING BECAUSE I'VE REACHED OUT TO THE DISTRICT SUPERINTENDENT FOR A MEETING. I'VE BEEN ASSURED THREE TIMES THAT HE WOULD PERSONALLY GOING TO RESPOND TO YOU. SO IF YOU REACH OUT TO ME, I PROMISE YOU I WILL RESPOND TO ANY ITEM THAT IS NOT ON THE AGENDA. THIS YEAR TONIGHT, IF YOU SEND ME THE EMAIL THIS EVENING, I DEFINITELY WILL.

WELL, THAT'S THIS YEAR, THAT'D BE COOL. THANK YOU, YOU'RE WELCOME, SIR. WE'RE

[7. Board Report]

AT THIS TIME, I'D LIKE TO CALL UPON TRUSTEES THAT ARE PRESENT THAT WOULD LIKE TO PROVIDE AND SHARE THEIR BOARD REPORTS. BUT BEFORE WE DO THAT, WE HAVE A SPECIAL PRESENTATION THAT WE'D LIKE TO DISPLAY THIS EVENING.

MANY OF YOU KNOW, AT THE BOTTOM OF 2025, OUR SUPERINTENDENT ANNOUNCED HIS RETIREMENT, AND TONIGHT WE WANT TO HONOR HIM. AND BECAUSE HE REQUESTED NO TEARS, NO SORROW, WE PRE-RECORDED EVERYTHING SO THAT WE WOULD HONOR HIS REQUEST. TAKE IT AWAY. DR.

WALDROP, I WILL ALWAYS BE A BIG FAN. FOR YEARS, YOU'VE GIVEN TO FRISCO ISD, AND I'M SO GRATEFUL THAT YOU DID. WE'VE WORKED TOGETHER FOR THE PAST SIX YEARS AND I'M SO GRATEFUL FOR THE LESSONS THAT I'VE BEEN ABLE TO LEARN. AND TO BE ABLE TO WALK ALONGSIDE YOU IN MAKING IMPACTFUL DECISIONS FOR THE STUDENTS OF THIS DISTRICT. I HEAR YOU'RE GETTING READY TO ROCK AND ROLL. I KNOW THAT YOU'RE GOING TO HAVE AN AMAZING RETIREMENT. I HOPE YOU GET LOTS OF DIVING IN. I HOPE THAT YOU ARE ABLE TO SPEND LOTS OF TIME WITH YOUR AMAZING GRANDBABY.

AND MOST OF ALL, I HOPE THAT YOU GET TO HAVE SOME TIME FOR YOU AND LISA TO TRAVEL THE WORLD.

DON'T FORGET, YOU WERE BORN TO ROCK. SO ATTEND A FEW ROCK CONCERTS FOR ME. AND I LOOK FORWARD TO HEARING ABOUT YOUR ADVENTURES OF BAKING BREAD. DR. WALDROP, THANK YOU FOR EVERYTHING THAT YOU'VE DONE FOR FRISCO ISD. AND PERSONALLY, THANK YOU FOR HOW YOU HAVE VALUED AND SHARED WITH ME. SO WHEN I THINK OF MIKE WALDROP, TWO WORDS REALLY COME TO MIND, AND THEY'RE LEADERSHIP AND INTEGRITY. I'VE NEVER SEEN ANYONE WHO CREATES AN ENVIRONMENT WITH SUCH HIGH STANDARDS FOR PEOPLE AND HOLDS THEM ACCOUNTABLE. IN A WAY HE DOES WITHOUT MAKING A REAL BIG DEAL OUT OF IT. I THINK ABOUT A TIME WHEN WE WERE TALKING ABOUT THE

[00:45:01]

THERE WAS BICKERING AND TALKING AT THE TABLE, AND FINALLY, MARTIN JUST STOOD UP AND SAID, THERE'S A LOT OF REALLY SMART PEOPLE AROUND THIS TABLE. I KNOW YOU'RE GOING TO FIGURE IT OUT. AND HE WALKED OUT OF THE ROOM. AND BECAUSE OF THAT MOMENT IN TIME, OVER 01,300 TEACHERS ARE GOING TO GET A BONUS CHECK THIS AUGUST. MIKE, THANKS FOR YOUR LEADERSHIP. THANKS FOR YOUR FRIENDSHIP. YOU'VE MEANT SO MUCH TO THE DISTRICT AND ME PERSONALLY. WE CAN'T EVEN STATE HOW MUCH. I HOPE YOU AND LISA HAVE A GREAT RETIREMENT AND GET TO DO WHATEVER YOU WANT, WHENEVER YOU WANT. HI, DR.

WALTERS. YOU KNOW, JUST WANTED TO WISH YOU THE BEST. I'M SURE YOU HAVE GOTTEN A LOT OF ACCOLADES AND WELL-DESERVED.

WHEN I THINK ABOUT THE TIME WE'VE HAD TOGETHER, THE ONE THING THAT COMES TO MIND IS WELL DONE, GOOD AND FAITHFUL SERVANT.

YOU'VE DONE SO MUCH FOR THE DISTRICT. YOU HAVE BEEN A FAITHFUL SERVANT. I WISH YOU AND YOUR FAMILY WELL. I'M SURE YOU WILL DO WELL. DON'T BE A STRANGER. PLEASE COME BACK AND SEE US. HAVE A GOOD ONE. HI, DR. WALDROP. CONGRATULATIONS ON YOUR UPCOMING RETIREMENT.

YOU HAVE BEEN SUCH AN AMAZING LEADER FOR US IN OUR DISTRICT FOR MANY YEARS, AND NOT ONLY JUST IN OUR DISTRICT, BUT ACROSS OUR STATE. MAKING SURE THE EDUCATION IS INNOVATIVE AND MEETING THE NEEDS OF ALL STUDENTS. YOU HAVE JUST DONE AN AMAZING JOB IN MAKING SURE THAT WE ARE POSITIONED TO MEET THE NEEDS OF OUR KIDS, SO THANK YOU FOR THAT. MY FAVORITE STORY, THE STORY THAT I HAVE ABOUT YOU, DR. WELDRICK IS WHEN WE WERE GOING TO TRANSITION BRIGHT ELEMENTARY TO BRIGHT ACADEMY. I THINK YOU REMEMBER THAT. THAT WAS A BIG MOMENT.

AND OUR TEAM WORKED REALLY HARD ON CREATING AN AMAZING, THOROUGH PLAN FOR YOU. AND I WAS SO EXCITED TO SHARE IT.

ABOUT HOW WE'RE GOING TO BRING THE IB PROGRAM AND ALL OF THESE THINGS TO BRIGHT ELEMENTARY AND SHIFT TO BRIGHT ACADEMY. WE SAT WITH YOU AND YOU LOOKED AT US, AND I SAID, WELL, WE NEED A YEAR AND A HALF TO GET THIS DONE. AND YOU LOOKED AT ME AND SAID, NO, YOU GOT SIX MONTHS. AND I WAS LIKE, OH MY GOSH, CAN WE DO THIS? BUT WE COULD, AND WE DID. AND IT WAS BECAUSE OF YOU AND YOUR LEADERSHIP, YOUR VISION, YOUR GUIDANCE AND THE RESOURCES THAT YOU PROVIDED US. NOT ONLY THAT, BUT THE ENCOURAGEMENT. SO THANK YOU FOR EVERYTHING YOU'VE DONE FOR FRISCO ISD AND WE WISH YOU ALL THE BEST IN YOUR UPCOMING RETIREMENT.

SO I HAVE REALLY ENJOYED MY TIME WITH DR. WALTRIP, SITTING UP ON THE DAIS WITH HIM, HAVING MEETINGS WITH HIM.

LIKE I'VE SAID BEFORE, I THINK DR. WALDROP IS ONE OF THOSE LEADERS OF LEADERS, AND I'VE ALWAYS SAID. ONE OF HIS GREATEST QUALITIES WAS THE ABILITY TO HIRE AND SURROUND HIMSELF WITH OTHER HIGH QUALITY LEADERS. AND THIS DISTRICT HAS BENEFITED FROM THAT. I THINK THE BOARD, EVEN THROUGH ITS CHANGES, HAS BENEFITED FROM THAT. AND I'M JUST VERY PROUD TO SAY THAT. I HAVE SERVED WITH HIM, HAS BEEN PART OF THE PROCESS TO HELP A LOT OF STUDENT LIVES OVER THE LAST AND STUDENT TEACHERS OVER THE LAST YEARS. AND WISH HIM REALLY THE BEST IN THE YEARS TO COME. DR.

WALDROP, I WILL NEVER FORGET THE PERSON WHO GAVE ME A CHANCE WHEN ALL I HAD TO OFFER WAS A POSITIVE ATTITUDE AND A WILLINGNESS TO LEARN. BOSSES LIKE YOU ARE HARD TO COME BY.

THANK YOU FOR MAKING WORK A BETTER PLACE TO BE. YOU ARE THE DEFINITION OF A TRUE LEADER. YOU ARE A TRUE MENTOR AND SUPPORTER, PROFESSIONALLY AND PERSONALLY.

I HAVE LEARNED SO MUCH FROM YOU. WHILE I'M SELFISHLY SAD TO SEE YOU GO, I'M SO EXCITED. SO EXCITED FOR YOUR NEXT CHAPTER. THIS IS NOT GOODBYE, BUT SEE YOU SOON.

I WISH YOU A RETIREMENT FILLED WITH RELAXATION, TIME WITH LISA AND THE FAMILY, AND SOME NEW TRAVEL ADVENTURES.

LOVE YOU TONS. DR. WALDROP, YOU'VE DEVOTED DECADES TO PUBLIC EDUCATION, INCLUDING MANY YEARS OF SERVICE TO FRISCO ISD.

DURING YOUR TIME HERE, THE DISTRICT HAS GROWN IN REPUTATION AND PERFORMANCE, EARNING RECOGNITION AS A PLACE FAMILIES SEEK OUT FOR OPPORTUNITY AND ACHIEVEMENT.

YOUR LEADERSHIP HELPS GUIDE THE DISTRICT THROUGH GROWTH AND CHANGE WHILE KEEPING STUDENTS AT THE CENTER OF THE WORK.

THANK YOU FOR YOUR YEARS INVESTED IN THIS COMMUNITY AND WE WISH YOU WELL IN THIS NEXT CHAPTER. WHAT CAN I SAY ABOUT DR. WALDRON? WELL, HE'S BY FAR ONE OF THE SMARTEST PEOPLE I KNOW AND A LITTLE BIT OF A REMUSANT MAN.

I'M NOT SURE THERE'S MUCH HE CANNOT DO. PERSONALLY, HE'S AFFABLE, PERSONABLE AND SO VERY PROUD OF HIS FAMILY, ESPECIALLY HIS GRANDCHILDREN.

DON'T GET HIM STARTED.

PROFESSIONALLY, HIS FORWARD THINKING WILL ALWAYS STAND OUT TO ME. IN FACT, MY FIRST EVER INTERACTION WITH HIM WAS AFTER HE CREATED AN APPLICATION TO PROVIDE FEEDBACK TO TEACHERS ON A VERY ANCIENT PIECE OF TECHNOLOGY. WE CALL IT THE PALM PILOT. THAT ILLUSTRATES WHAT, FOR ME, HIS LEGACY WILL ALWAYS BE. A RELENTLESS FOCUS ON INNOVATION. ALIGNED PERFECTLY WITH NEVER SEEING A LEADER MORE FOCUSED ON THE STUDENTS FOR THEIR FUTURE, AND NOT OUR PAST. DR.

WALDROP, YOUR IMPACT ON

[00:50:02]

YOU WILL NOT BE FORGOTTEN.

THANK YOU SO MUCH FOR ALL YOU'VE DONE FOR THE PROFESSION. DR.

WALDROP, CONGRATULATIONS ON YOUR RETIREMENT. IT'S A MAJOR ACCOMPLISHMENT TO HAVE SO MANY YEARS IN ONE FIELD, ESPECIALLY IN THE FIELD OF EDUCATION. I WISH YOU A RETIREMENT FILLED WITH ALL THE THINGS YOU LOVE TO DO. DR. WALDROP, A.K.A.

BIG MIKE, AS YOU MOVE INTO RETIREMENT, I WANT TO...

TAKE A MOMENT TO SAY THINGS.

IT'S HARD TO MEASURE THE PROFOUND IMPACT THAT YOU'VE HAD ON OUR COMMUNITY AND DISTRICTS, BUT THE EVIDENCE IS. I'VE ALWAYS ADMIRED YOUR ABILITY TO NAVIGATE THE COMPLEX CHALLENGES THAT COME WITH LEADING A DISTRICT OF THIS SIZE. I'VE ALWAYS DEMONSTRATED TIME AND AGAIN THAT LEADERSHIP IS ABOUT CHALLENGING THE STATUS QUO, SUPPORTING THOSE YOU LEAD AND SERVANTHOOD. YOU HAVE NAVIGATED CHALLENGES THAT MOST OF US WILL NEVER KNOW ABOUT, AND THAT'S JUST HOW YOU WANT IT TO BE. ON A PERSONAL LEVEL, I WANTED TO SAY THAT I'M DEEPLY GRATEFUL FOR THE IMPACT YOU'VE HAD ON MY CAREER. YOU'VE SHOWN ME WHAT IT LOOKS LIKE TO TRULY STAND WITH THE PEOPLE YOU LEAD, TO LEAD WITH CONVICTION EVEN WHEN IT'S HARD, AND TO KEEP ALL STUDENTS AT THE CENTER OF EVERY DECISION. WE'RE ALL GOING TO MISS YOUR PRESENCE, YOUR SERVANT LEADERSHIP, AND YOUR UNWAVERING COMMITMENT TO.

THANKS FOR EVERYTHING, BIG MIKE. WE WISH YOU.THE BEST IN YOUR NEXT CHAPTER. DR.

WALDROP, THANK YOU FOR YOUR DEDICATION TO EDUCATION AND YOUR COMMITMENT TO MAKING THE BEST DECISIONS FOR STUDENTS, ALWAYS. THANK YOU FOR YOUR LEADERSHIP IN FRISCO ISD SINCE 2017. YOU HAVE MADE A POSITIVE IMPACT IN OUR SCHOOLS AND OUR COMMUNITY.

CONGRATULATIONS ON YOUR RETIREMENT AFTER 44 YEARS OF EDUCATION. THAT IS A LONG TIME, AND MAY YOUR NEXT CHAPTER BE NOT ONLY RELAXING, BUT ALSO REWARDING. HEY MIKE, I JUST WANT TO START BY SAYING THANK YOU FOR EVERYTHING YOU'VE DONE, NOT ONLY FOR FRISCO ISC, BUT FOR EVERY COMMUNITY YOU'VE SERVED THROUGHOUT YOUR CAREER.

I DON'T THINK MANY PEOPLE TRULY UNDERSTAND THAT WHEN YOU CHOOSE EDUCATION AS YOUR PROFESSION, IT'S NOT JUST A JOB. IT'S A LIFESTYLE. IT MEANS LONG HOURS, COUNTLESS SACRIFICES, AND ALWAYS PUTTING KIDS FIRST BECAUSE THEY'RE COUNTING ON YOU. THANK YOU FOR BEING SUCH AN INCREDIBLE BOSS AND MENTOR. I'VE LEARNED SO MUCH FROM YOUR LEADERSHIP, YOUR STEADY GUIDANCE, AND YOUR COMMITMENT TO DOING WHAT'S BEST FOR STUDENTS AND STAFF. I WISH YOU NOTHING BUT THE VERY BEST IN RETIREMENT. I'M EXCITED TO SEE WHERE YOUR DIVING ADVENTURES AND ALL THAT WELL-DESERVED FAMILY TIME TAKE YOU NEXT. AND WHILE THIS MAY BE THE END OF A CHAPTER. WE ALL KNOW IT'S NOT GOODBYE, IT'S JUST SEE YOU SOON.

CONGRATULATIONS MIKE, YOU'VE TRULY EARNED IT. I'D LIKE TO WISH ALL THE BEST TO DR.

MIKE WALDROP FOR SUCCESSFULLY SERVING AS A SUPERINTENDENT FOR THESE MANY YEARS AND THEN MAKING OUR FISCO ISD ON TOP FOR ALL THESE YEARS. THANK YOU, THANK YOU FOR YOUR SERVICE AND HAPPY RETIREMENT. AND ROCK AND ROLL. THINGS I'VE LEARNED FROM MIKE THERE ARE ROCK AND ROLL SONG LYRICS FOR EVERY SITUATION IN LIFE.

BOOMERS HAD IT TOUGHER THAN MILLENNIALS. NEVER USE A PIE CHART UNLESS IT HAS THREE OR FEWER SEGMENTS. AND PURPLE IS NOT A REAL COLOR, YOUR EYES JUST MAKE IT UP.

HE'S FULL OF WEIRD INFORMATION LIKE THAT, BUT IN ALL SERIOUSNESS, THE BIGGEST LESSON I'VE LEARNED FROM DR. WALDROP WAS THAT TRUE LEADERSHIP LIES IN HOW YOU ANSWER THESE TWO QUESTIONS. IF NOT ME, THEN WHO? IF NOT NOW, THEN WHEN? DR. WALDROP, I'VE WATCHED YOU ANSWER THOSE TWO QUESTIONS EVERY DAY FOR THE PAST NINE YEARS, AND YOU'VE DONE IT ADMIRABLY.

YOU'RE A TRUE VISIONARY. THE TYPE OF LEADER I WOULD FOLLOW CONFIDENTLY INTO A STORM AND MAYBE DID ON AN OCCASION OR TWO. I NEED MORE THAN 30 SECONDS TO THANK YOU FOR YOUR LEADERSHIP AND THE IMPACT YOU'VE HAD ON ME, BOTH PERSONALLY AND PROFESSIONALLY.

SO I'LL SPARE YOU AND MAYBE WRITE IT IN A CARD OR SOMETHING, BUT I WILL SAY THIS. IT'S A RARE PRIVILEGE TO WORK WITH SOMEONE WHO, YOU KNOW, ALWAYS HAS YOUR BACK. YOU'VE BEEN A ROLE MODEL, A MENTOR, AND A FRIEND TO MANY OF US.

THANK YOU FOR WALKING ALONGSIDE US FOR AS LONG AS YOU DID, AND THANK YOU FOR LEADING US WITH SUCH COURAGE, HEART, AND CONVICTION. WE'RE ALL BETTER BECAUSE OF IT. HEY MIKE, I KNOW YOU'RE A MAN OF FEW WORDS, SO NO LONG SPEECHES, JUST GRATITUDE. WE ARE BETTER BECAUSE OF YOU.

ENJOY THIS NEXT CHAPTER. YOU DESERVE IT. ROCK ON. WORKING WITH DR. WALDROP, YOU QUICKLY LEARN THAT HE IS ALWAYS THINKING ABOUT THE IMPACT DECISIONS HAVE ON STAFF. HE WILL OFFER SOME WORDS OF WISDOM OR SIMPLY ASK THE QUESTION, IS THIS WHAT'S BEST FOR OUR STUDENTS? I REMEMBER THIS MOST CLEARLY SIX YEARS AGO, WHEN WE WERE PLANNING THE LAUNCH OF OUR ONE-TO-ONE PROGRAM. IT WAS A MASSIVE UNDERTAKING AND WITH MANY MOVING PARTS. DR.

WALDRICK CALLED ME INTO HIS OFFICE TO GO OVER THE DETAILS. AND I WAS EXCITED TO SHARE THE PLAN BECAUSE IT WOULD HAVE SUCH A POSITIVE IMPACT. WE WERE SO

[00:55:01]

THROUGH OUR PLAN, FEELING CONFIDENT, HE WAS IMPRESSED WITH OUR ATTENTION TO DETAIL.

AND AS I STOOD UP TO LEAVE OUR MEETING, HE LOOKED AT ME AND OFFERED THE MOST INSPIRING, PROFESSIONAL PEP TALK. TRUE TO FORM, HE SIMPLY SAID, DON'T MESS YOU THIS UP. I TOOK THAT AS A CHALLENGE AND I WAS NOT GOING TO LET HIM DOWN. THOSE FOUR LITTLE WORDS HAVE ECHOED IN MY EARS A FEW TIMES SINCE BECOMING PART OF IST FOUR YEARS AGO. DR.

WALDROP, THANK YOU FOR YOUR VISION, YOUR WIT, AND FOR ALWAYS PUSHING US TO BE BETTER. NOW GO ENJOY THAT RETIREMENT AND, MOST OF ALL, DON'T MESS IT UP. WELL, MIKE, LET ME FIRST START WITH, I JUST WANT TO TELL YOU THAT I DON'T THINK ABOUT THIS EVER. IT'S 100% OUT OF MY MIND. TEACHER, TRYING TO BECOME AN AP, YOU DIDN'T EVEN REPLY TO MY EMAIL. TRYING TO HIRE ME AS A ASSISTANT PRINCIPAL, EVEN GIVE ME A SHOT AT MY FIRST AP JOB. I DON'T THINK ABOUT THAT ANYMORE. I'M OVER IT. IT'S IN THE PAST. I'M NEVER GOING TO THINK ABOUT IT AGAIN, BUT I JUST WANTED TO BRING IT UP ONE MORE TIME. I DON'T WANT YOU TO THINK ABOUT IT, BUT JUST IN CASE YOU DO, THAT'S ON YOU, THAT'S NOT ME.

BUT I JUST WANTED TO PUT THAT OUT THERE SINCE THIS WILL BE THE LAST TIME I'M KIND OF ADDRESSING YOU.

BUT JOKING ASIDE, MIKE, I JUST WANTED TO... TELL YOU THAT YOU HAVE BEEN AN OUTSTANDING, FANTASTIC LEADER TO WORK ALONGSIDE THESE LAST, I DON'T KNOW HOW MANY YEARS WE'VE BEEN DOING THIS TOGETHER, BUT QUITE A FEW YEARS. I'VE LEARNED SO MUCH FROM YOU AND YOUR LEADERSHIP DURING SOME OF THE CRAZIEST TIMES IN PUBLIC EDUCATION HAS JUST BEEN OUTSTANDING. I'VE LEARNED SO MUCH FROM YOU. YOU KNOW, ONE OF THE THINGS YOU ALWAYS TELL ME IS FOLLOW THE POLICY AND FOLLOW THE LAW, COREY. EVERY TIME I COME TO YOU WITH STUFF, I WILL NEVER FORGET THAT THE REST OF MY LIFE. AND MANY OTHER THINGS, YOU KNOW, AFTER CRAZY NIGHTS AND EMAILS OR WHATEVER SITUATIONS THAT WE'RE WORKING THROUGH, YOU KNOW, YOU'RE...

YOUR GREETINGS IN THE MORNING, YOU DON'T EVEN THINK ABOUT IT, BUT YOU COME ACROSS THAT PARKING LOT AND YOUR SLOW LUMBER OR SLOW GATE. THAT YOU JUST LOOK AT ME AND JUST SAY, WHAT'S GOING ON, BUCK? ONLY YOU CAN SAY SOMETHING LIKE THAT AND MAKE SOMEBODY FEEL BETTER. AND JUST THOSE WORDS THERE. WHEN I WOULD HEAR YOU SAY THAT. I JUST KNEW THAT YOU'RE THE LEADER THAT I WANT TO BE, THAT I WANT TO BE AROUND. IT JUST NEVER DID UNWEIGH THE INTERESTING TIMES WE HAD TOGETHER. SO BEST OF LUCK IN RETIREMENT. I LOVE YOU TO DEATH. I HOPE EVERY MORNING YOU WAKE UP AND DRINK COFFEE AND LISTEN TO ROCK AND ROLL MUSIC AND SCUBA DIVE IN PLACES THAT I'VE NEVER HEARD OF. YOU'VE EARNED IT. YOU DESERVE IT. AND I HOPE YOUR RETIREMENT WITH YOU AND LISA AND YOUR FAMILY IS JUST OUTSTANDING.

THANKS FOR EVERYTHING. THIS TRULY IS THE END OF AN ERA, MIKE. I STILL REMEMBER WALKING INTO MY INTERVIEW AT FISD 11 YEARS AGO AND MEETING YOU FOR THE FIRST TIME. COULDN'T HAVE IMAGINED ALL WE WOULD EXPERIENCE TOGETHER. OR WHAT A GIFT IT WOULD BE TO SERVE ALONGSIDE YOU. YOUR WISDOM, COMPASSION, AND STEADY LEADERSHIP SET THE STANDARD.

YOU'VE BEEN COURAGEOUS, UNWAVERING, AND UNAPOLOGETIC IN DOING WHAT WAS BEST FOR KIDS, EVEN WHEN IT WAS HARD.

THROUGH CHALLENGING SEASONS, YOU STOOD FIRM IN SERVICE TO STUDENTS, STAFF, AND THIS COMMUNITY. YOU LEAD BY EXAMPLE, WORKING IN THE TRENCHES AND SHOWING UP WHEN IT MATTERED MOST. SO MANY STAFF MEMBERS HAVE SHARED HOW SEEN, HEARD, AND PROTECTED YOU ARE.

YOU MADE THEM FEEL, ESPECIALLY DURING SOME OF THE REALLY CHALLENGING TIMES. YOU TAUGHT ME MANY LESSONS, INCLUDING THE TRUE MEANING OF BEING VULNERABLE AND JUST HOW MUCH YOU VALUE IT. I WILL NEVER FORGET. STILL, OF ALL THE THINGS I LEARNED FROM YOU, YOU TOTALLY CHANGED MY LIFE WITH FOUR LITTLE WORDS.

CHOCOLATE. ITALIAN. CREAM. CAKE.

THANK YOU FOR EVERYTHING. I WISH YOU AND LISA THE BEST THAT LIFE HAS TO OFFER.

DR. WALDROP, THEY ALL WANNA TAKE A POINT OF PERSONAL PREVELAGE AND GIVE DR. WALDROP AN OPPORTUNITY TO RESPOND TO ALL OF THE AMAZING, THAT HE JUST WITNESSED. OH MY GOSH, I, SO, THEY KNOW HOW MUCH I HATE THE WORD VULNERABLE.

AND MY FAVORITE SYNONYM FOR THE WORD VULNERABLE IS SUCKER. SO I'LL KEEP THAT AT THE FRONT OF MY MIND FOR THE REST OF MY LIFE, PAM. AND FOLKS, I HAVE HAD A TREMENDOUS CAREER IN EDUCATION. I STILL HEAR FROM SOME OF MY OLD BASKETBALL PLAYERS. I RUN

[01:00:03]

I HAVE BEEN BLESSED. I WILL CARRY IT WITH ME FOR THE REST OF MY LIFE. AND YOU PEOPLE ARE THE ONES THAT I WILL MISS THE MOST. SO THANK YOU ALL FOR EVERYTHING THAT YOU SAID AND EVERYTHING THAT YOU MEANT TO ME. I'LL CHERISH IT FOR THE REST OF MY LIFE. WE KNOW THAT CELEBRATIONS WILL CONTINUE THROUGH THE REMAINING OF THE YEAR, BUT WE DID WANT TO... JUST HIGHLIGHTS JUST A FEW MOMENTS OF WHAT OUR EXPERIENCE HAS BEEN AND OTHER ITERATIONS OF THE BOARD AND IST MEMBERS.

[ 8. Community Relations]

WALDROP. OR WE'RE GOING TO MOVE TO AGENDA ITEM 8, WHICH IS COMMUNITY RELATIONS, MRS. SIGN UP BEFORE YOU COME. I'M GOING BACK UP JUST A LITTLE BIT. OKAY, LISA, THANK YOU.

WITH THIS JOB COMES FAMILY.

JUST SO, YOU KNOW, THAT WOMAN HAS BEEN THE GREATEST SUPPORT A MAN COULD EVER HAVE. SHE HAS BEEN MY ROCK. AND THERE'S SOMETHING THAT SHE TELLS ME EVERY TIME I LEAVE THE HOUSE IN THE MORNING, AND I WON'T SHARE IT AT A BOARD MEETING, BUT IT HAS SUSTAINED ME. NO, I CAN'T SAY IT. CUT THE MIC, CHERYL. THANK YOU. HERE'S A SIGN. CONGRATULATIONS, DR.

WALDROP. OKAY, COME ON UP, EVERYBODY. PRESTON TRAILS HERE WITH US TONIGHT. DR. WALDROP, MS. DAVIS, AND BOARD, DO YOU ALL WANT TO COME JOIN US ON STAGE? OKAY, WHILE THEY COME UP, LET'S SEE. WE HAVE PRESTON TRAIL WITH US TONIGHT, AND MOST OF THE GROUP, ACTUALLY, MOST OF OUR SCHOOLS IN THE DISTRICT HAVE SOME KIND OF EXPERIENCE WITH PRESTON TRAIL SUPPORT. SO I WANT TO TALK ABOUT THEM A LITTLE BIT TONIGHT AS ONE OF OUR OUTSTANDING PARTNERS.

THEIR COMMITMENT TO OUR STUDENTS AND STAFF AND FAMILIES IS TRULY REMARKABLE. THIS TEAM ON STAGE ACTIVELY PARTNERS WITH FIVE OF OUR CAMPUSES.

CHRISTY, ELLIOT, AND SHAWNEE TRAIL ELEMENTARY AND THEN MOSS AND STALEY MIDDLE SCHOOLS.

EACH CAMPUS, THEY TAKE THEIR TIME TO GET TO KNOW WHAT THE STAFF AND THE STUDENT NEEDS ARE, AND AND IT'S UNIQUE TO EVERY CAMPUS, RIGHT? VALERIE DOES A LOT OF IT, RIGHT? I KNOW CHRISTY DOES, TOO. SO IT'S REALLY COOL TO SEE HOW THEY REALLY GO IN AND TAILOR THEIR APPROACH TO EVERY CAMPUS. THEY ALSO HELP A LOT WITH FRISCO HIGH SCHOOL'S ESL PROGRAM. YOU HELP THEM WITH THE SUPPLIES, YOU HELP WITH SOME FOOD, SOMETIMES EVEN FROM WHAT I UNDERSTAND, SO REALLY, YOU HELP SIX OF OUR SCHOOLS, AND ACTUALLY EVEN MORE. I HAVE TO TELL A QUICK STORY. THERE WAS A HIGH SCHOOL THAT CALLED US AND THEY JUST KIND OF NEEDED SOMETHING JUST REALLY UNIQUE.

AND I DIDN'T KNOW WHO ELSE TO CALL. IT WAS A FAMILY THAT NEEDED HELP WITH THE SINK SITUATION. DO YOU REMEMBER THIS? CHRISTY AND VALERIE? AND I DIDN'T KNOW WHO ELSE TO CALL, AND I CALLED PRESTON TRAIL AND IT WAS TAKEN CARE OF WITHIN A COUPLE WEEKS. SO IT WAS JUST A REALLY UNIQUE SITUATION. AND I DIDN'T MEAN I COULDN'T HAVE DONE THAT WITH YOU WITHOUT YOU GUYS. I KNOW THAT HIGH SCHOOL COULDN'T HAVE EITHER. SO THANK YOU FOR ALL OF YOUR SUPPORT THAT YOU OFFER US EVERY SINGLE DAY.

OUR TEACHERS OF THE YEAR ARE GOING TO GET A SURPRISE LATER THIS WEEK FROM YOU GUYS. YOU SUPPORTED ALL 77 OF THEM SOMEHOW. AND THEN I THINK YOU WENT A LITTLE BIT OF MORE AND ABOVE AND BEYOND WITH THE TOP TWO. SO WE REALLY APPRECIATE EVERYTHING THAT YOU'RE DOING. THERE'S A FUN LITTLE PLATE RIGHT THERE THAT YOU SEE THAT HAS ALL THE SCHOOLS THAT THEY SUPPORT AND A FEW PICTURES. THEY DON'T JUST SUPPORT A COUPLE SCHOOLS IN FRISCO, THERE'S ALSO A COUPLE OTHERS FROM A SURROUNDING

[01:05:01]

NO, I JUST THOUGHT, LIKE, YEAH, WE MISSED THAT AGENDA ITEM.

THAT'S WHY I JUST REMINDED YOU.

THE ONE THING I WANT TO SHARE WITH EVERYONE IS, LIKE, I PARTICIPATED AS PART OF THE CENTURION HIGH SCHOOL STUDENTS, THE CTE STUDENTS, LIKE, AS PART OF MAINLY THE CULINARY CREATIVITY DURING CTE MONTH.

THEY DID, LIKE, A FOOD TRUCK CONCEPT COMPETITION. SO...

MAINLY LIKE, YOU KNOW, THEY HAVE, LIKE A STUDENT DESIGN PROJECT, AND MAINLY WITH THE MAKING SOME DISHES ALSO. I HAPPEN TO BE ONE OF THE JUDGE AND TASTED SOME.

IT'S REALLY NICE. THEY CAME UP WITH THE NICE IDEAS. THANKS TO MR. TOMMY THOMPSON, WHO INVITED ME FOR THIS. AND ALONG WITH DR. HARP AND DR. VICTOR JONES, THEY'RE ALSO THE JUDGES.

IT'S A NICE CONCEPT. I WISH LIKE THEY WILL CONTINUE THE SAME FOR OTHERS, OTHER SCHOOLS ALSO. THANK YOU, THANK YOU, AND AGAIN, MY APOLOGIES. JUST EXCITED. SO MY APOLOGIES FOR. WE'RE GOING

[9. Team Focus and Wellness Champions Staff Recognition]

DR. LINTON. GOOD EVENING.

TONIGHT, WE ARE RECOGNIZING A SPECIAL GROUP OF EDUCATORS IN OUR TEAM FOCUS AND WELLNESS CHAMPIONS. THEY ARE LED BY HR MANAGING DIRECTOR, DR. JENNIFER WORTH. SO I'M GOING TO TURN IT OVER TO DR.

WORTH. GOOD EVENING. IT IS MY HONOR AND PRIVILEGE TO RECOGNIZE THE MEMBERS OF TEAM FOCUS AND WELLNESS CHAMPIONS THIS EVENING. BACK AFTER A SERIES OF STAY INTERVIEWS IN THE SUMMER OF 2022, THE FEEDBACK WE RECEIVED FROM OUR 193 PARTICIPANTS WAS HOW MUCH THEY ENJOYED COLLABORATING WITH OTHER EDUCATORS ACROSS THE DISTRICT. SO SINCE THAT TIME IS WHEN TEAM FOCUS EMERGED. TEAM FOCUS FOCUSED ON VARIOUS TOPICS THAT WERE RELEVANT TO EDUCATION, AND WE WERE EXCITED ACTUALLY TO COME UP WITH WELLNESS CHAMPIONS THIS YEAR. THE FEEDBACK WE RECEIVED LAST YEAR FROM OUR TEAM FOCUS WAS THEY WANTED TO HAVE DIRECT COMMUNICATION WITH SOME OF OUR DEPARTMENTS AND LEADERS HERE WITHIN OUR DEPARTMENTS. AND SO WE WERE ABLE TO FACILITATE COMMUNICATION BETWEEN FEEDBACK THAT OUR DEPARTMENTS WANTED FROM OUR EDUCATORS. SO TEAM FOCUS FOCUSED ON THOSE ASPECTS. AND THEN OUR WELLNESS CHAMPIONS WERE FOCUSING MORE ON OUR BENEFITS SIDE, WHERE WE CAN SHARE. THEY SERVED AS A LIAISON BETWEEN THE DISTRICT AND THE CAMPUS AS FAR AS OUR BENEFITS THAT WE OFFER HERE IN FRISCO ISD. SO WE WERE ABLE TO EDUCATE OUR STAFF MEMBERS MORE ON WHAT WE OFFER HERE FOR OUR EMPLOYEES. SO IF YOU GUYS WILL, PLEASE STAND. THIS IS A SMALL SAMPLE OF OUR OVER 160 MEMBERS, BUT IF YOU GUYS WILL STAND AND PLEASE JOIN ME IN CELEBRATING THEM THIS EVENING. THANK YOU. THANK YOU ALL FOR YOUR REPRESENTATION AND FOR YOUR INVOLVEMENT. WE KNOW THAT THIS IS IN ADDITION TO YOUR REGULAR CONTRACTS AND YOU DON'T HAVE TO DO IT, BUT BECAUSE YOU CARE ABOUT FRISCO, ISD AND MOST OF ALL, KIDS, YOU ARE DOING EVERYTHING THAT WE APPRECIATE AND SO MUCH MORE. SO THANK YOU AGAIN FOR BEING HERE. I KNOW YOU ALL WILL PROBABLY TIP OUT IN A LITTLE BIT, BUT JUST KNOW THAT WE'RE GRATEFUL TO HAVE YOUR SMILING FACES TODAY.

BOARD, WE'RE GOING TO MOVE

[01:10:01]

[10. Invocation]

HEAVENLY FATHER, WE ASK THAT YOU ALLOW US TO BE A SOURCE OF HOPE. PLEASE GIVE US YOUR WISDOM AND PATIENCE AS WE MAKE DECISIONS THAT AFFECT THE LIVES OF CHILDREN, EDUCATORS, AND THEIR FAMILIES THROUGHOUT THIS DISTRICT. WE THANK YOU FOR THE DAILY BLESSINGS GIVEN TO EACH OF US AND FOR THE OPPORTUNITY TO LIVE AND SERVE THIS EXCEPTIONAL COMMUNITY. WE PRAY THAT YOU KEEP OUR STUDENTS AND STAFF ALL SAFE FROM HARM. WE ALSO PRAY FOR THE SAFETY FOR ALL THOSE THAT PROTECT AND SERVE OUR SCHOOLS EVERY DAY. HELP US TO ALWAYS REMEMBER THAT WE ARE A COMMUNITY OF NEIGHBORS, FAMILIES, AND FRIENDS. AND MAY EACH OF US FULFILL OUR RESPONSIBILITIES WITH CARE, DILIGENCE, AND GRATITUDE. WE ASK ALL THESE THINGS IN YOUR NAME. AMEN. THANK YOU,

[11. Discussion regarding Outstanding Debt and Bond Parameter Order ]

ORDER FOR US TO ISSUE BONDS OR REFINANCE BONDS THROUGHOUT THE YEAR. SO I WILL INVITE BRIAN GRUBBS, WHO'S THE DISTRICT'S FINANCIAL ADVISOR, TO GIVE YOU GUYS A QUICK PRESENTATION.

THANK YOU, KIMBERLY, DR.

WALDER, MEMBERS OF THE BOARD.

AGAIN, MY NAME IS BRIAN GRUBBS WITH SAMCO. I'VE HAD THE PRIVILEGE OF SERVING THE DISTRICT FOR A NUMBER OF YEARS AS YOUR FINANCIAL ADVISOR. AGAIN, THE PURPOSE IS FOR THE BOARD TO CONSIDER ADOPTING THE NEXT ORDER AUTHORIZING THE ISSUANCE OF YOUR NEXT ROUND OF BONDS.

THAT WE'LL TALK ABOUT HERE IN A MOMENT. BUT BEFORE WE DO, I WANT TO SHARE SOME INFORMATION WITH YOU AND THEN ANSWER ANY QUESTIONS THAT YOU HAVE. SO, BEGINNING WITH A LOOK AT THE DISTRICT'S OUTSTANDING BOND RATINGS. EVERY TIME THE DISTRICT SELLS BONDS, YOU DO SO WITH A AAA RATING BASED ON THE PERMANENT SCHOOL FUND GUARANTEE. BUT THEN YOU ALSO HAVE AN INDEPENDENT CREDIT RATING REVIEW BY STANDARD & POOR'S AND MOODY'S INVESTOR SERVICES. YOUR UNDERLYING CREDIT RATING BY STANDARD & POOR'S IS A AA+. WITH MOODY'S AT A DOUBLE A1. TO PUT THAT IN PERSPECTIVE, ON WHERE THAT TRACKS.

FOR THE REST OF THE DISTRICTS IN THE STATE, THERE ARE ONLY SEVEN DISTRICTS RATED BY MOODY'S THAT HAVE A HIGHER UNDERLYING CREDIT QUALITY IN THE TRIPLE A RATED CATEGORY.

THERE ARE NO DISTRICTS THAT HAVE A HIGHER RATING BY STANDARD IMPORTERS. SO THIS IS VERY IMPORTANT INFORMATION, BECAUSE WHEN YOU GO TO BONDS, YOU DO SO WITH A TRIPLE-A RATING.

BUT YOU ALSO DO SO WITH A VERY HIGH CREDIT QUALITY UNDERLYING RATING, WHICH ALLOWS YOU TO BORROW AT THE LOWEST POSSIBLE INTEREST RATE. MOVING ON TO THE NEXT SLIDE IS A LOOK AT THE DISTRICT'S TAXABLE VALUE FROM THE FINANCIAL ADVISOR PERSPECTIVE. THIS YEAR'S OUR ONE OF OUR MOST IMPORTANT STATISTICS THAT WE TRACK. SO TO THE FAR LESS, YOU'VE GOT YOUR FISCAL YEAR ENDING GOING BACK TO 2015-16, DOWN TO 2025-26. WITH OUR MOST IMPORTANT FIGURE BEING UNDER COLUMN TWO, AND THAT'S A LOOK AT YOUR TAXABLE VALUE. BACK IN 2015-16, YOU HAD A TAXABLE VALUE OF JUST OVER $26.2 BILLION.

YOU CAN SEE HOW IT'S GROWN AT THE BOTTOM OF COLUMN TWO TO WHERE WE'RE AT, AT ABOUT $69.8. SO YOU'VE GOT THE TAXABLE VALUE GROWTH IN TERMS OF DOLLAR AMOUNTS UNDER COLUMN THREE, AS WELL AS THE PERCENTAGES IN COLUMN FOUR, BUT YOU'VE HAD TREMENDOUS GROWTH FOR A NUMBER OF YEARS.

THE ONE THING I DO WANT TO POINT OUT... SPECIFIC TO THIS MOST RECENT YEAR IS TO THE FAR LEFT. YOU'LL SEE THREE ASTERISKS BY CERTAIN YEARS. THESE ARE THE YEARS IN WHICH WE'VE HAD A HOMESTEAD EXEMPTION INCREASE.

SO OUR MOST RECENT GOING FROM 100,000 TO 140. SO IT LOOKS LIKE WE DIDN'T GROW AS MUCH AS THE PREVIOUS YEAR FOR 25-26.

BUT A LARGE PART OF THAT IS DUE TO THAT INCREASE IN THE HOMESTEAD EXEMPTION.

ALRIGHT, A LOOK AT THE HISTORY OF THE... ISSUANCE OF THE DISTRICT FOR NEW CONSTRUCTION. YOU HAD TWO ELECTIONS, OUR MOST RECENT TWO ELECTIONS IN 2014 AND 2018 TO THE FAR RIGHT. YOU HAVE ISSUED ALL OF THE BONDS OUT OF THE 2014 ELECTION. YOU HAVE $32 MILLION REMAINING OUT OF THE 2018 ELECTION. WHEN WE TALK HERE IN A MOMENT ABOUT OUR UPCOMING ISSUANCE, WE'RE GOING TO FOCUS ON A REFINANCING. I KNOW THAT THE DISTRICT STILL HAS 32 MILLION.

BUT THE PLANS AND THE TIMING FOR THE ISSUANCE OF THAT HAS NOT BEEN ESTABLISHED. THE OTHER THING I WANT TO POINT OUT, IF YOU LOOK UNDER THE COLUMN, THE DEBT TO ASSESSED VALUATION, THIS IS A MEASURE OF YOUR OUTSTANDING PRINCIPAL AS A

[01:15:01]

THAT WE JUST LOOKED AT. SO AS YOU'VE GROWN, AND AS YOU'VE ISSUED $1,434,000,000 WORTH OF BONDS, YOUR ACTUAL STATISTIC HAS IMPROVED. WHERE WE'RE CURRENTLY... AT THE TIME, WE SOLD IN 2024, HAD A STATISTIC OF 3.53%. SO, IT'S A TESTAMENT TO THE ISSUANCE OF YOUR BONDS OVER TIME, AS THE TAX BASE HAS ALLOWED YOU TO ISSUE THOSE BONDS AND CONTINUE TO MEET THE INS TAX EXPECTATIONS OF THE VOTERS.

NOW WE'RE LOOKING AT THE BOND REFINANCING HISTORY. SO, AT THE VERY TOP, SINCE JANUARY OF 2014 THROUGH DECEMBER OF 2024, THE DISTRICT COMPLETED A NUMBER OF BOND REFINANCINGS.

JUST LIKE HOMEOWNERS REFINANCE A HOME MORTGAGE, WHERE THEY LOCK IN AN INTEREST RATE, THE INTEREST RATES FALL, AND THEY CAN REFINANCE TO SAVE THEIR MONTHLY PAYMENT.

THE DISTRICT HAS BEEN DOING THAT FOR A NUMBER OF YEARS.

TO PUT IT IN PERSPECTIVE, SINCE JANUARY OF 2014...

THROUGH THE DECEMBER 2024 TIMEFRAME, YOUR REFINANCING HAS GENERATED OVER $318 MILLION OF INTEREST COST SAVINGS TO THE TAXPAYERS. NOW, SPECIFICALLY FOR 2025 ALONE, THE DISTRICT COMPLETED TWO MORE ADDITIONAL REFINANCINGS, ONE IN AUGUST OF 2025, WHERE WE SAVED $93.5 MILLION. WE LOWERED THE INTEREST RATE FROM $3.75 DOWN TO $2.8, BUT MORE IMPORTANTLY, NOT ONLY DID WE LOWER THE INTEREST RATE, BUT WE SHORTENED THE FINAL PAYMENT TERM. SO THOSE ORIGINAL BONDS THAT WERE REFINANCED IN AUGUST WERE SCHEDULED TO HAVE A LAST PAYMENT IN 2045, BUT WE ACTUALLY SHORTENED THOSE UP TO WHERE THOSE BONDS WILL NOW BE PAID OFF IN 2032.

SO WE'RE LOWERING THE INTEREST RATE, BUT WE'RE ALSO TAKING OFF A CONSIDERABLE NUMBER OF YEARS OF THE FINANCING ITSELF. WE THEN FOLLOWED THAT UP IN OCTOBER WITH ANOTHER REFINANCING.

WHERE WE LOWERED THE INTEREST RATE FROM 3.71 DOWN TO 2.78, AND WE ALSO SHORTENED THAT PAYBACK TERM FROM 2046 TO 2034. AND THEN IN MARCH, WE DID A BOND OF FEES, WHERE WE DIDN'T DO A FINANCING, BUT THE DISTRICT USED A PORTION OF YOUR OUTSTANDING INS FUND BALANCE TO BASICALLY PAY OFF OUTSTANDING PRINCIPAL, AND THAT GENERATED ANOTHER $26 MILLION, SO SUBSTANTIAL SAVINGS JUST IN 2025 ALONE. THIS IS A LOOK AT YOUR OUTSTANDING DEBT SERVICE BEFORE WE ISSUE ANY ADDITIONAL BONDS. SO WHAT YOU SEE HERE IN THE DARK BLUE IS THE PRINCIPAL COMPONENT OF YOUR OUTSTANDING DEBT SERVICE, WITH THE YELLOW BEING THE INTEREST.

BUT YOU CAN SEE THAT WHAT WE'VE SET UP BY DESIGN IS WE'VE SHORTENED UP YOUR DEBT SERVICE CONSIDERABLY. WE HAVE A LEVEL PAYMENT AS WELL, SO THAT AS YOU SELL ADDITIONAL BONDS, YOU CAN CONTINUE TO DO SO AT THE INS TAX RATE.

EXPECTATION OF THE VOTERS. THE OTHER THING I WANT TO POINT OUT IN RED, IS THAT 2.79%.

THIS IS WHERE YOUR DEBT-TO-TAX-BASE RATIO IS CURRENTLY. SO, AGAIN, THAT'S EVEN LOWER THAN IT WAS BACK IN 2024. AND THEN LOOK AT OUR INTEREST RATE MARKET.

THIS IS A NATIONAL INDEX THAT UPDATES EVERY FRIDAY TO THE FAR RIGHT. WE UPDATED LAST FRIDAY AT A 4.71%. THE YELLOW DOTS INDICATE MARKETS WITH WHICH YOU'VE SOLD BONDS.

WHETHER THOSE BONDS HAVE BEEN FOR NEW CONSTRUCTION OR BONDS FOR REFINANCING. WE'VE ISSUED BONDS IN ALL TYPES OF MARKETS. COLLECTIVELY, WE'RE STILL IN A GOOD INTEREST RATE MARKET.

THE FACT THAT WE HAVE AAA-RATED FRISCO ISD BONDS TO SELL WILL BE VERY SOUGHT AFTER. OUR PLAN OF FINANCE AT THIS POINT, AGAIN, IS A REMINDER. OUT OF THE 2018 BOND ELECTION, WE HAVE $32 MILLION LEFT. WE DO NOT HAVE A PLAN FOR THE TIMING WITH WHICH WE'RE SELLING THAT.

BUT THE SECOND PORTION OF THAT SLIDE IS THE REFUNDING COMPONENT. BONDS THAT WERE SOLD IN 2016 THAT HAVE AN OUTSTANDING INTEREST RATE OF 5% DO BECOME CALLABLE IN AUGUST OF THIS YEAR. THE EARLIEST THAT WE CAN LOCK IN AN INTEREST RATE TO REFINANCE THOSE IS MID-APRIL, SO THAT WE CLOSE MID-MAY. IT HAS TO BE WITHIN 90 DAYS OF THAT CALL DAY. SO WE'RE ASKING YOU TO AUTHORIZE US TO GET PREPARED TO BE ABLE TO ACT MID-APRIL, WITH THE CLOSING IN MAY. THAT WILL HOPEFULLY ADD TO THE LEVEL OF INTEREST COST SAVINGS THAT YOU'VE BEEN ABLE TO OBTAIN OVER THE LAST 10 PLUS YEARS. NOW, WITH THAT SAID, IF OUR INTEREST RATE ENVIRONMENT GOES AGAINST US AND WE CANNOT ACHIEVE THE TARGET LEVEL OF SAVINGS THAT WE'RE PROPOSING, THAT WE DO NOTHING. THE DISTRICT OWES NOTHING, AND WE CONTINUE TO MONITOR THOSE FOR FUTURE REFINANCING CONSIDERATIONS.

AND THEN, LASTLY, IS A LOOK AT OUR TIMING AGAIN, WITH YOUR AUTHORIZATION TO PERCEIVE WE WILL MOVE FORWARD.

WITH THE PROCESS OF OBTAINING THE PSF, OBTAINING THE RATINGS ONCE AGAIN, WE WILL HAVE ANOTHER SNAPSHOT.

LOOK AT YOUR TAX BASE FOR NEXT FISCAL YEAR,

[01:20:01]

SO WITH A PRICING IN APRIL, WHERE WE LOCK IN THE INTEREST RATE, WE ACTUALLY HAVE A CLOSING IN MID-MAY. SO WITH THAT, I'LL ANSWER ANY QUESTIONS THAT YOU HAVE FOR ME THIS EVENING.

THANK YOU. BOARD, ARE THERE ANY QUESTIONS AT THIS TIME? D-MADOC? I JUST HAD A QUICK QUESTION. GOING BACK TO THE PAGE WITH THE PRIME LISTING. I THINK IT WAS THE SECOND ONE RIGHT THERE. I THINK WE HAD INQUIRED BEFORE TRYING TO MOVE. WHAT WOULD IT TAKE TO GET US AT THE PRIME RATING. CAN YOU REMIND ME? YES, SIR. SO WITH STANDARD & POOR'S, THEY DON'T HAVE ANY DISTRICTS THAT ARE IN THE AAA RATING, WHICH IS THE ONLY CREDIT QUALITY RATING YOU CAN JUMP UP IN THAT CATEGORY.

FOR WHATEVER REASON, THIS HAS BEEN THEIR. THEIR HISTORY. I DON'T THINK THEY'VE EVER ISSUED A AAA RATING ON A STANDALONE BASIS. NOW, WITH RESPECT TO MOODY'S, WE DO HAVE THOSE SEVEN DISTRICTS IDENTIFIED THERE AT THE BOTTOM. THE FEEDBACK THAT WE GET FROM THE RATING SERVICES EACH AND EVERY TIME IS THAT FRISCO ISD IS NOT NECESSARILY BUILT OUT YET. AND SO BECAUSE THERE IS CONTINUED GROWTH IN TERMS OF YOUR TAX BASE, YOUR RESIDENTIAL, YOUR COMMERCIAL, ONCE YOU GET TO THAT POINT, I DO THINK THAT THERE WILL BE PRESSURE ON MOODY'S AS A RATING SERVICE TO ELEVATE YOU INTO THE AAA RATED CATEGORY.

DID THEY INDICATE WHAT LEVEL OF BUILD OUT THAT THEY WERE EXPECTING, OR WHERE ARE WE? DO YOU KNOW? NO, I THINK THE FEEDBACK WE TYPICALLY GET, AND SOME OF IT DOESN'T REALLY RELATE.

BECAUSE SOME OF THEM THAT THEY DO HAVE AAA RATED, I DON'T NECESSARILY UNDERSTAND WHEN YOU COMPARE IT TO THE OTHER ONES ON THE LIST. BUT ONCE YOU GET TO THE POINT WHERE YOU ARE NO LONGER NEEDING OR ABLE TO BUILD OUT ANY SCHOOLS, TAKE ON ANY STUDENTS, AND OR THE COMMERCIAL AND THE RESIDENTIAL DEVELOPMENT HAS CEASED BECAUSE THERE'S NOTHING ELSE TO DEVELOP, I THINK THAT'S WHEN WE BEGIN TO SEE THAT PRESSURE. OKAY. IT IS SOMETHING, THOUGH, I WILL SAY THAT YOUR ADMINISTRATION, WHEN WE DO HAVE THESE CONVERSATIONS, DR. FAUSCH AND MS. SMITH, THEY DO A TREMENDOUS JOB ON CONDUCTING THOSE CALLS OVER THE YEARS. THEY HAVE TO TELL YOUR STORY. AND SO THE RATING SERVICES, THEY WANT TO LOOK AT NOT ONLY THE TAX BASE, BUT THE FINANCES AND THE GROWTH, AND YOU NAME IT. AND THEY'VE ALWAYS DONE, HISTORICALLY, A VERY GOOD JOB OF PROVIDING THOSE MOODY'S AND STANDARD & POOR'S WITH THE INFORMATION THAT THEY NEED.

TO NOT ONLY KEEP US IN THE CATEGORY, WHICH IS THE HIGHEST CREDIT QUALITY IN THE AA, PLAY.

BUT PUT PRESSURE ON THEM TO MOVE US UP TO THE AAA RATING. RIGHT. ALL RIGHT. OKAY. THANK YOU.

TRUSTEE ALLARD? THANK YOU. I THINK MY QUESTION IS MORE FOR STAFF TONIGHT. I JUST WANT TO CONFIRM, BECAUSE I GET A LOT OF QUESTIONS ABOUT THE $32 MILLION, AND I KNOW WE'VE ADDRESSED IT IN SOME WORKSHOPS, BUT I JUST WANT TO CONFIRM THAT WE'RE NOT VOTING ON ISSUING THESE BONDS TONIGHT.

THOSE ARE STILL AVAILABLE AND THAT THERE WILL BE A PLAN AT SOME POINT PRESENTED TO THIS BOARD REGARDING RECOMMENDATIONS ON HOW TO USE THOSE FUNDS.

YEAH, SO YOU ALL KNOW THAT WE KIND OF REPURPOSED OUR REGIONAL BOND PLAN WITH THE FAILURE TO 2024 BOND.

AND WE PREVENTED YOU GUYS WITH THAT KIND OF REVISED PLAN AND THAT BUILD US TWO PRIORITIES.

WE'VE SLOWED DOWN ON CAPITAL SPENDING REALLY SIGNIFICANTLY SINCE THAT BOND PROGRAM FAILED.

SO REALLY, AT THIS POINT, WE'RE JUST CONTINUING TO WORK THROUGH THOSE PRIORITIES. AND WHEN WE START TO GET TO A PLACE WHERE WE NEED THE CASH TO KIND OF FINISH OUT.

UNTIL WE CAN GET TO A NEW BOND PROGRAM, THAT'S WHEN WE'LL START TALKING ABOUT THE $32 MILLION. SO THE WAY THAT THIS WORKS IN TERMS OF VOTING ON ISSUING THE BONDS, YOU GUYS AUTHORIZE AN ORDER THAT ALLOWS US TO SELL WHEN THE INTEREST RATE ENVIRONMENT IS FAVORABLE.

IT'S A 12-MONTH ORDER, BUT WE WON'T GO SELL THOSE BONDS UNTIL WE'VE HAD PRESENTATIONS WITH THE BOARD TO EXPLAIN WHERE WE'RE AT AND WHEN IT'S TIME TO SELL THOSE REMAINING AUTHORIZED BONDS. THANK YOU. TRUSTEE HILL. I'M SORRY. CAN YOU GO TO THE SLIDE THAT ADDRESSES THE DEBT-TO-VALUE, THE 3.5%? I JUST WANTED TO KIND OF GIVE A LITTLE CONTEXT, IF YOU CAN, ADD A LITTLE BIT TO THAT, BECAUSE TO ME, THAT SEEMS, YOU KNOW, ONE. YOU SEE

[01:25:01]

BUT KIND OF WANTED TO SEE IF YOU COULD EXPAND ON THAT A LITTLE BIT.

ABSOLUTELY. SO LET'S LOOK AT THE TOP OF THAT COLUMN, WHERE YOU WERE, AT THE DEBT TO ASSESSED VALUATION. THE VOTERS APPROVED THE 2014 ELECTION. WE HAD AN OUTSTANDING PRINCIPAL BALANCE AS A PERCENTAGE OF OUR TAX BASE AT A 7.19%.

FROM A RATING PERSPECTIVE, THOSE INDEPENDENT RATING SERVICES, THAT'S NOT ALARMINGLY HIGH, BUT IT IS SOMETHING THAT THEY DO TRACK. AND AT THAT TIME, I WOULD CONSIDER THAT TO BE AVERAGE, MAYBE SLIGHTLY ELEVATED.

BUT THEN WHAT YOU'LL NOTICE IS, AS YOU'VE ISSUED NOT ONLY THE 2014 BONDS, IN EACH YEAR IN ISSUING THOSE BONDS TO BRING ON THOSE FACILITIES, YOUR DEBT STATISTIC IMPROVED.

AND IT HAS IMPROVED, AND WE'VE GONE FROM 7.19 TO WHERE WE ARE NOW AT 2.79.

SO THAT 3.53 WAS WHEN WE SOLD BONDS IN 2024, BUT IF WE GO TO WHERE YOU ARE CURRENTLY, YOU'RE SITTING AT 2.79%. SO THE FACT THAT YOU HAVE BEEN ABLE TO ISSUE NOT ONLY THE BONDS OUT OF THE 2014 AUTHORIZATION, BUT ALSO ALL. BUT JUST $32 MILLION OF THE $691 MILLION THAT WAS APPROVED IN 2018 IS OUTSTANDING. A LOT OF TIMES WE SEE THESE FASTER-GROWING SCHOOLS WHERE THEIR DEBT-TO-TAX-BASED RATIO, AS THEY GROW, CONTINUES TO GROW WITH IT. AND NOT ONLY ARE WE HAVING TO BE MINDFUL OF THAT STATISTIC, BUT FROM A STANDPOINT OF IT GETTING TOO HIGH, YOU'VE NOT BEEN IN THAT SITUATION SINCE 2014, AND IT HAS CONTINUED TO IMPROVE EACH AND EVERY YEAR.

AND IT'S MANAGEMENT OF THE TIMING WITH WHICH YOU SELL THOSE BONDS, THE AMOUNTS THAT YOU SELL, AND NOT GETTING TOO FAR AHEAD OF YOURSELVES FROM A DEBT ISSUANCE PERSPECTIVE. THANK YOU VERY MUCH. THAT WAS VERY HELPFUL. JUST A SAMPLE. YES, CAN YOU GO TO THE BAR GRAPH SLIDE? THAT'S IT? YES, RIGHT THERE. SO THANK YOU, MS. SMITH, FOR EXPLAINING WHAT'S GOING TO HAPPEN. THAT WAS ONE OF MY QUESTIONS. AND THANK YOU ALSO FOR HAVING THE DEBT RATIO REDUCED IN SEVEN YEARS.

BUT WHEN YOU LOOK AT 2026, ARE YOU SAYING WE'RE BREAKING EVEN AS FAR AS PRINCIPAL? I WOULD SAY YOUR PRINCIPAL THAT YOU'RE RETIRING THIS YEAR IS A LITTLE OVER THE HUNDRED MILLION. IT'S PROBABLY CLOSER TO A HUNDRED AND TEN WITH YOUR TOTAL BOND PAYMENT AT THE HUNDRED AND NINETY FIVE MILLION DOLLAR LEVEL. SO OF THAT HUNDRED NINETY FIVE MILLION, ABOUT A HUNDRED AND TWENTY OF THE HUNDRED AND TEN OF THAT IS PRINCIPAL. BUT YOU CAN SEE EACH AND EVERY YEAR, THAT PRINCIPAL PIECE INCREASES OVER TIME, JUST AS YOU WOULD SEE IN A TRADITIONAL 30-YEAR TYPE OF HOME MORTGAGE, OR 15, WHERE EVERY YEAR THAT WE GET INTO THOSE PAYMENTS, EACH YEAR, WE PAY A LITTLE MORE PRINCIPAL IN EACH AND EVERY YEAR.

BUT THE ONE THING I DO WANT TO POINT OUT HERE IS. BEFORE WE COMPLETED THE REFINANCINGS IN 2025 THAT I MENTIONED, WHERE WE SHORTENED UP THAT DEBT CONSIDERABLY, YOU HAD A BOND PAYMENT THAT WAS CLOSER TO AROUND $170 MILLION. AND SO BY ACCELERATING, WE'RE BASICALLY ACCELERATING TONS OF PRINCIPAL IN THOSE EARLIER YEARS. AND WE'RE, BY DESIGN, WE'RE BUILDING IT SO THAT IT CASH FLOWS. THE TAX BASE THAT YOU CURRENTLY HAVE NOW, WITH THE TAX RATE THAT YOU ARE SETTING TO THE VOTERS. AND WE'LL CONTINUE TO DO THAT SO THAT WE SAVE MONEY, BUT WE ALSO SHORTEN UP THE DEBT AS MUCH AS WE CAN.

UNTIL YOU DECIDE AS A DISTRICT THAT YOU NEED TO APPROACH THE VOTERS AGAIN.

OKAY, THANK YOU. I WAS LOOKING AT 20, 32, AND 34. THANK YOU.

BOARD, ARE THERE ANY ADDITIONAL QUESTIONS? JUST ONE LAST. I'M SORRY. JUST REMIND ME AGAIN, WHAT'S THE ANTICIPATED SALES RATE FOR THE 32 MILLION? YOU HAD IT ON THERE. I FORGOT.

WHAT'S THE SALE? EXCUSE ME, THE SALE, WHAT? THE ISSUE RATE.

YOU HAD IT UP THERE. SO WE DON'T KNOW. WHAT ARE YOU FEELING? WITH RESPECT TO THE $32 MILLION THAT WE HAVE NOT SOLD, WE DON'T KNOW WHAT THAT LOCKED-IN INTEREST RATE WILL BE UNTIL WE MOVE FORWARD WITH LOCKING THAT IN. AND AGAIN, AS OF RIGHT NOW, IT WAS AUTHORIZED BY THE VOTERS OUT OF THE LAST ELECTION, BUT WE HAVE NOT SOLD THAT, AND

[01:30:02]

THAT YOU NEED TO ACCESS THAT 32 MILLION FOR ADDITIONAL PROJECTS, THANK YOU. AND SO I WANTED TO JUST MAKE SURE THAT I'M CLEAR.

I KNOW WE'VE DISCUSSED THE 32 MILLION. I WANT TO MAKE SURE FOR THE COMMUNITY'S KNOWLEDGE, THAT PORTION OF THAT 32 MILLION WAS THE 20,000 THAT WE HAD SET ASIDE. I KNOW THERE HAD BEEN SOME CONCERNS AS TO WHETHER WE WERE USING IT FOR OTHER THINGS. BUT I WANTED TO MAKE SURE THE COMMUNITY IS AWARE THAT IT IS STILL THERE.

YOU'RE RIGHT THERE. THERE WAS 20 MILLION DOLLARS ORIGINALLY SET ASIDE FOR STALEY MIDDLE SCHOOL AND WE HAVE NOT TOUCHED THAT, AND IT IS PART OF THE 32 MILLION THAT'S UNISSUED. THANK YOU. BOARD IF THERE ARE NO FURTHER QUESTIONS, THANK.

THANK YOU SO MUCH, MR.

[12. Discussion regarding Update on Internal Audit Activity ]

MS. TAYLOR. OKAY, GOOD EVENING.

I'M HERE TONIGHT TO GIVE YOU AN UPDATE ON INTERNAL AUDIT FOR THE THIRD QUARTER OF THIS YEAR. I'LL BEGIN WITH THE AUDIT PLAN STATUS REPORT FOR THIS YEAR.

DURING THE YEAR, I COMPLETED AND ISSUED AN AUDIT OF CHILD NUTRITION, WHICH YOU'VE RECEIVED. I AM CURRENTLY IN PROGRESS OF AN AUDIT OF TRANSPORTATION. THIS IS A LARGER AUDIT, THE TRANSPORTATION AUDIT IS. I AM CURRENTLY ABOUT 85% COMPLETE.

WITH THAT AUDIT AND HEADING TO THE DRAFT STAGE SHORTLY.

THIS IS OUR RECOMMENDATION TRACKING SLIDE. AGAIN, THIS SLIDE SHOWS THE RECOMMENDATION IMPLEMENTATION, YOU KNOW, PER FISCAL YEAR.

DURING THE LAST FEW MONTHS, I'VE BEEN ABLE TO CLOSE OUT SOME OF THE RECOMMENDATIONS IN 2025 AND 2026. THOSE NUMBERS HAVE MOVED SOME. NOW THIS SLIDE, OUR SUMMARY OF OUTSTANDING RECOMMENDATIONS, IT THIS SHOWS A LITTLE BIT MORE DETAIL OF THE PREVIOUS SLIDE.

SO IT SHOWS WHICH AUDITS HAVE THE OUTSTANDING RECOMMENDATIONS STILL. AND I'D LIKE TO HIGHLIGHT TO THE BOARD THAT I, AND THE COMMUNITY, THAT I AM IN CONTINUOUS CONTACT WITH THESE PROCESS OWNERS.

THEY ARE WORKING ON THESE RECOMMENDATIONS. SOME TAKE MORE TIME THAN OTHERS.

AND WHEN THEY ARE FULLY IMPLEMENTED, THAT'S WHEN I GO IN AND TEST THEM FOR IMPLEMENTATION. SO HOPEFULLY THERE'LL BE SOME OF THESE THAT WILL BE READY TO GO. IT SOUNDS LIKE IT. AND WE CAN CLEAR SOME OF THESE OFF SHORTLY. LIGHTHOUSE ACTIVITY. FOR THIS YEAR, WE'VE HAD 23 INCIDENT REPORTS COME THROUGH. FIVE OF THOSE HAVE BEEN SUBSTANTIATED, 14 UNSUBSTANTIATED, AND FOUR ARE CURRENTLY UNDER REVIEW. AND THAT CONCLUDES MY PRESENTATION FOR YOU TONIGHT. THANK YOU, MS. TAYLOR. BOARD, ARE THERE ANY QUESTIONS AT THIS TIME? NO, I'D JUST LIKE TO NOTE, DANA, COULD YOU GO BACK TO THE... DELINQUENT AUDIT REPORTS. SURE, I JUST WANTED TO, JUST FOR THE BOARD KNOWLEDGE AND THE PUBLIC KNOWLEDGE THAT WE ARE WORKING TO. UM, THIS ONE OR NO, YOU HAD IT, EITHER ONE, IT DOESN'T MATTER, OKAY? UM, THAT WE ARE WORKING TO RESOLVE THOSE I KNOW MIGHT BE NOTED THAT THAT WE HAVE A LOT OF REPORTS BACK FROM 2022.

YES, AND THAT WOULD THAT IS, UH, WOULD YOU LIKE FOR ME TO SPEAK ON THAT? YEAH, PLEASE, PLEASE, JUST SO IT'S CLEAR, OKAY, SO, UH, THAT THAT CAPITAL AND CONTROLLED ASSET AUDIT, UH, THAT IS A HUGE UNDERTAKING FOR THE DISTRICT. WE ARE NOT ONLY WRITING A PROCEDURES MANUAL THAT HAD NOT BEEN THERE PREVIOUSLY, THE PROCESS OWNERS, AND IT INVOLVES SEVERAL DEPARTMENTS, TAGGING AND TRACKING ALL EXISTING AND FUTURE ASSETS THAT ARE COMING INTO THE DISTRICT OVER A CERTAIN THRESHOLD. IT'S A HUGE UNDERTAKING. SO THEY ARE MAKING PROGRESS ON THAT. I SPOKE TO THE PROCESS OWNER RECENTLY AND THEY ARE

[01:35:01]

IT'S QUITE LARGE. IS THERE ANOTHER ONE THAT YOU WOULD LIKE TO KNOW ABOUT? NO, NO, I JUST WANTED TO BE POINTED OUT THAT.

I KNOW YOU HAVE BEEN IN CONTACT WITH THEM. THEY ARE MAKING PROGRESS. SO FOR THE RECORD, WE DO SPEAK TO IT. WE DO NOT RECOGNIZE THAT IT'S A LITTLE BIT DELINQUENT, BUT PLANS ARE IN PLACE.

AND AS FAR AS IF I GO DOWN THE LIST, I MEAN, I SEE SEVERAL OF THESE I KNOW ARE COMING UP SOON. I'VE HAD CONTACT WITH THE PROCESS OWNERS, AND THEY'RE WORKING. I'VE TRIED TO CLEAR OFF SOME FOR FACILITY RENTAL EARLIER THIS YEAR. THEY JUST WEREN'T QUITE READY, SO I'LL BE BACK OUT AGAIN.

OKAY, THANK YOU. I DO APPRECIATE YOUR WORK. THANK YOU. THANK YOU. BOARD, ARE THERE ANY ADDITIONAL QUESTIONS? IF THERE ARE NONE,

[13.A. Consider and Act on approval of minutes from the February 9th Regular Meeting and February 25th Special Meeting ]

SECOND. MOTION BY TRUSTEE ALLARD. SECOND BY TRUSTEE MENDOZA. BOARD, ARE THERE ANY QUESTIONS? WHY DID I SAY MENDOZA? MENDOZA. I'M SORRY.

BOARD, IF THERE ARE NO QUESTIONS, I'LL LOOK FOR A VOTE. MOTION PASSES 7-0.

[13.B. Consider and Act on March Library Materials List]

SECOND MOTION BY TRUSTEE SAMPLE SECOND BY TRUSTEE ALLOTTE AND TRUSTEE HUGH BOARD, IF THERE ARE NO QUESTIONS, I'LL LOOK

[13.C. Consider and Act on adoption of an order authorizing the issuance of unlimited tax bonds, establishing sale parameters, authorizing the execution of a bond purchase contract and an escrow agreement; approving an official statement; and enacting other provisions relating to the subject]

MOVING ON TO 13C, CONSIDER AN ACT ON ADOPTION OF AN ORDER AUTHORIZING THE ISSUANCE OF UNLIMITED TAX BONDS, ESTABLISHING SALE PERIMETERS, AUTHORIZING THE EXECUTION OF A BOND PURCHASE CONTRACT, AND AN ESCROW AGREEMENT APPROVING AN OFFICIAL STATEMENT. AND ENACTING OTHER PROVISIONS RELATING TO THE SUBJECT. WHERE I LOOK FOR A MOTION ON AGENDA ITEM 13C. I MOVE TO APPROVE AN ORDER AUTHORIZING THE ISSUE OF UNLIMITED TAX BONDS, ESTABLISHING SALES PARAMETERS, AUTHORIZING THE EXECUTION OF A BOND PURCHASE AGREEMENT, AN ESCROW AGREEMENT, APPROVING AN OFFICIAL STATEMENT, AND ENACTING OTHER PROVISIONS RELATED TO THE SUBJECT. SECOND. MOTION BY TRUSTEE MADDOX, SECOND BY TRUSTEE. A LOT. WHAT? IF THERE ARE NO QUESTIONS? I'LL LOOK FOR A VOTE. MOTION PASSES 7-0,

[13.D. Consider and Act on Budget Transfers and Amendments for the 2025-26 Child Nutrition Fund Budget]

[13.E. Consider and Act on Level III Grievance Appeal submitted by Parent SB on behalf of Student SB ]

ON BEHALF OF STUDENT SB.

BOARD, I'LL LOOK FOR A MOTION. I MOVE TO UPHOLD THE LEVEL TWO DECISION OF THE ADMINISTRATION AND DENY ALL REMEDIES

[01:40:01]

SECOND. MOTION BY TRUSTEE HILL, SECOND BY TRUSTEE ALLOTT. BOARD, ARE THERE ANY QUESTIONS? IF THERE ARE NONE, I'LL LOOK FOR A VOTE. I MOVE TO UPHOLD THE LEVEL, TO UPHOLD THE LEVEL, UPHOLD THE LEVEL TWO DECISION OF ADMINISTRATION. ONE SECOND.

WAIT, I'M SORRY, WHAT? OKAY, WE JUST NEED TO MAKE SURE WE FINISH THIS VOTE. MOTION PASSES

[13.F. Consider and Act on Level III Grievance Appeal submitted by Parents SJ and RJ on behalf of Student IJ]

[14. Consent Agenda Items]

BOARD, I'LL LOOK FOR A MOTION. I MOVE TO APPROVE THE CONSENT AGENDA ITEMS A THROUGH F AS PRESENTED.

A SECOND. MOTION BY TRUSTEE ALLOD. SECOND, BY TRUSTEE SAMPLE. BOARD, IF THERE ARE NO QUESTIONS, I'LL LOOK FOR A VOTE. MOTION PASSES 7-0.

IT IS NOW 7-42 AND BEFORE I ADJOURN, I'D LIKE TO THANK OUR SRO WHO'S PRESENT WITH US THIS EVENING.

TRUSTEE, MADDOX HAS YOUR LUNCH FOR TOMORROW. THANK YOU. THANK YOU ISC MEMBERS.

* This transcript was compiled from uncorrected Closed Captioning.