A public hearing on the 2021-22 Ector County ISD budget and adoption of the budget, a public hearing on the application of Nacero TX 1 LLC for appraised value limitation on qualified property and composition of a bond committee are on the ECISD Board of Trustees agenda for 6 p.m. Tuesday.
The Nacero application is for a $6-7 billion gas plant in Penwell and falls under Chapter 313 of the Texas Tax Code.
A previous article in the Odessa American said Nacero’s 115,000 barrel per day plant will reportedly be the first gasoline manufacturing plant in the world to incorporate carbon capture, carbon sequestration and 100% renewable power.
The board also will hold a public hearing and consider adoption of the 2021-22 budget. At the June 8 work session Chief Financial Officer Deborah Ottmers said the proposed budget is $314 million.
The board also must adopt a school nutrition fund ($18.7 million) and debt service fund ($19.2 million).
The tax rate won’t be considered until September, but the total rate will still be $1.7792 per $100 valuation.
The maintenance and operations part is $1.05170 per $100 valuation and the interest and sinking (debt) is $.12622.
The board also will discuss and consider approval of a bond committee and its composition.
Supplemental agenda material said the committee consists of students, community members, parents, and ECISD campus and district staff representing all areas in the district.
Supplemental agenda material said the committee will review and make recommendations to the board regarding facility needs and a long-range facilities master plan.
Members will include Students, parents, community members, certified staff, principals/assistant principals and central office administrators.
“The ECISD Board of Trustees will appoint a Bond Committee (The Committee) comprised of students, parents, staff, community members, and administrators to participate in the development of the ECISD Bond Plan. The Committee will function in an advisory capacity to the ECISD Board of Trustees, Superintendent and Cabinet. The Committee will consider the District’s vision for the future, the conditions and capacities of its existing facilities, projections for future enrollment and future facility needs of the system. The Committee will present recommendations to the Board of Trustees. The Board of Trustees will receive and review the Committee’s recommendations. The Board of Trustees will be responsible for the final approval of a plan and its execution,” the material said.
The material said the committee’s membership will represent all geographic areas of the community.
“Efforts should be made to include members on the Committee with expertise in the areas of architecture, engineering, design, construction and/or finance as well as members with experience on the previous facilities committees.
Individuals accepting membership should be able to attend at least 75% of the scheduled meetings,” the material said.
The committee will receive and review the findings of the Facilities Assessment Study regarding the physical condition and other assessments of all current facilities, the material said.
>> They also will review options for existing, renovated and/or new facilities, and their implications for projected enrollments, anticipated instructional programs and technology and related educational specifications, district staff, operations and costs.
>> And develop and present to the Board of Trustees a Bond Plan to serve the district as a baseline for the next five years and future facility needs.