Many, LA 71449
December 9, 2019
1. Meeting Opening
The Parish School Board of Many, Louisiana, Sabine Parish, met in public session on December 9, 2019 at 6:00 p.m. at the regular meeting place of said Board, with the following members present: Terrell Snelling, Board President; Roderick Davis, Board Vice-President; Daron Chandler, Spencer Faust, Donald Garcie, Genevieve Gordon, Donald Remedies and Dale Skinner.
Absent: Dr. Leah Byles
At 6:00 p.m., the regular meeting of the board began with a Call to Order by President Terrell D. Snelling, Daron Chandler offered the Invocation, and the Pledge of Allegiance was rendered.
2. Recognition of Visitors
A. Patrice Gossett, Gifted and Talented Teacher, introduced Trey and Jamie French to the Board. At this time, Trey French presented a piano and vocal performance of “I’ll Be Home for Christmas.” Jamie French performed “There’s a Little Bit of Heaven Everywhere.”
B. Dr. Gwile Freeman, formerly Superintendent of Catahoula Parish School Board, presently with Freeman & Sons, presented a plaque to Dr. Sara P. Ebarb in honor of being Region VII Superintendent of the Year.
C. Dr. Sara Ebarb, Superintendent, and Debra Lee, Director of Federal Programs, recognized all Sabine Parish Schools for School Performance.
3. Consent Agenda
On motion by Roderick Davis and seconded by Genevieve Gordon, it was carried to approve the Consent Agenda as follows:
A. Approval and adoption of November 11, 2019 Minutes as signed;
B. Approval and adoption of Sabine Parish School Board Head Start Impasse Procedures 2019;
C. Approval and adoption of Consent Agenda Items 3A – 3C
Final Resolution: Motion Carries
Yea: Daron Chandler, Donald Garcie, Roderick Davis, Spencer Faust, Terrell Snelling, Donald Remedies, Genevieve Gordon.
Absent: Dale Skinner, Dr. Leah Byles
4. Regular Agenda Items
A. On motion by Daron Chandler and seconded by Roderick Davis, it was carried to approve and adopt policies as follows (second reading):
a. (New) File: IDDFA – Special Education Advisory Council;
b. (Revised) File: IDDFB – Service Animals in Schools;
c. (Revised) File: JGCF – Behavioral Health Services for Students;
d. (New) File: GAMI – Use of Telecommunication and Other Electronic Devices;
e. (Revised) File: DJD – Expense Reimbursement;
f. (Revised) File: JS – Student Fees, Fines and Charges.
Final Resolution: Motion Carries
Yea: Daron Chandler, Donald Garcie, Roderick Davis, Spencer Faust, Terrell Snelling, Donald Remedies, Genevieve Gordon.
Absent: Dale Skinner, Dr. Leah Byles
B. On motion by Donald Remedies and seconded by Daron Chandler, it was carried to authorize Administration to sign School Bus Usage Agreement with St. Joseph’s Catholic Church.
Final Resolution: Motion Carries
Yea: Daron Chandler, Donald Garcie, Roderick Davis, Spencer Faust, Terrell Snelling, Donald Remedies, Genevieve Gordon.
Absent: Dale Skinner, Dr. Leah Byles
C. On motion by Daron Chandler and seconded by Genevieve Gordon, it was carried to adopt a Resolution giving preliminary approval to the issuance of not exceeding One Million One Hundred Fifty-Five Thousand Dollars ($1,155,000.00) of General Obligation School Refunding Bonds of South Sabine Consolidated School District No. 20 of Sabine Parish, Louisiana, making application to the State Bond Commission for approval of said Bonds and providing for other matters in connection therewith.
Final Resolution: Motion Carries
Yea: Daron Chandler, Donald Garcie, Roderick Davis, Spencer Faust, Terrell Snelling, Donald Remedies, Genevieve Gordon.
Absent: Dale Skinner, Dr. Leah Byles
* * * * *
The following resolution was offered by Daron Chandler and seconded by Genevieve Gordon:
RESOLUTION
A resolution giving preliminary approval to the issuance of not exceeding One Million One Hundred Fifty-Five Thousand Dollars ($1,155,000) of General Obligation School Refunding Bonds of South Sabine Consolidated School District No. 20 of Sabine Parish, Louisiana, making application to the State Bond Commission for approval of said Bonds and providing for other matters in connection therewith.
WHEREAS, pursuant to the provisions of Article VI, Section 33 of the Constitution of the State of Louisiana of 1974, Sub-Part A, Part III, Chapter 4, of Title 39 of the Louisiana Revised Statutes of 1950, as amended, and other constitutional and statutory authority, South Sabine Consolidated School District No. 20 of Sabine Parish, Louisiana (the "Issuer"), has heretofore issued $2,300,000 of General Obligation School Bonds, Series 2011, as authorized at an election held on November 2, 2010 (the “Series 2011 Bonds”); and
WHEREAS, to provide debt service savings to the Issuer, this Parish School Board wishes to refund all of the outstanding callable maturities of the Series 2011 Bonds (the “Refunded Bonds”) pursuant to the provisions of R.S. 39:531 of the Louisiana Revised Statutes of 1950, as amended, and other constitutional and statutory authority (the "Act"); and
WHEREAS, pursuant to the Act, and subject to the approval of the State Bond Commission, this Parish School Board wishes to accomplish the refunding by authorizing the issuance of not exceeding One Million One Hundred Fifty-Five Thousand Dollars ($1,155,000), of General Obligation School Refunding Bonds of the Issuer (the “Bonds”), to be payable from unlimited ad valorem taxes in the same manner as the Refunded Bonds; and
WHEREAS, the Issuer wishes to make application to the State Bond Commission for approval of the issuance of the Bonds:
NOW, THEREFORE, BE IT RESOLVED by the Parish School Board of the Parish of Sabine, State of Louisiana (the “Governing Authority”), acting as the governing authority of the Issuer, that:
SECTION 1. Preliminary Approval of the Bonds. Preliminary approval is given to the issuance of not exceeding One Million One Hundred Fifty-Five Thousand Dollars ($1,155,000) of General Obligation School Refunding Bonds of the Issuer for the purpose of refunding all or any of the outstanding callable maturities of the Issuer’s General Obligation School Bonds, Series 2011, and paying the costs of issuance of the Bonds, the Bonds to be payable from and secured by unlimited ad valorem taxes now being levied and collected annually in excess of all other taxes on all the property subject to taxation within the territorial limits of the Issuer in the same manner as the Series 2011 Bonds to be refunded. The Bonds shall bear interest at a rate or rates not to exceed two and three-fourths percent (2.75%) per annum, to be determined by subsequent resolution of this Governing Authority at the time of the sale of the Bonds, and shall mature in annual principal payments due no later than March 1, 2026. The Bonds shall be issued in fully registered form, shall be sold to the purchasers thereof at a price of not less than par, and shall have such additional terms and provisions as may be determined by this Governing Authority.
SECTION 2. State Bond Commission. Application is hereby made to the State Bond Commission, Baton Rouge, Louisiana, for approval of the issuance and sale of the Bonds and for consent and authority to proceed with the issuance and sale of the Bonds as provided above, and Bond Counsel is directed to make application to the State Bond Commission on behalf of the Governing Authority.
SECTION 3. Compliance with State Bond Commission Policy. By virtue of applicants/issuer’s application for, acceptance and utilization of the benefits of the Louisiana State Bond Commission’s approval(s) resolved and set forth herein, it resolves that it understands and agrees that such approval(s) are expressly conditioned upon, and it further resolves that it understands, agrees and binds itself, its successors and assigns to, full and continuing compliance with the “State Bond Commission Policy on Approval of Proposed Use of Swaps, or other forms of Derivative Products Hedges, Etc.”, adopted by the Commission on July 20, 2006, as to the borrowing(s) and other matter(s) subject to the approval(s), including subsequent application and approval under said Policy of the implementation or use of any swap(s) or other product(s) or enhancement(s) covered thereby.
SECTION 4. Employment. This Governing Authority finds and determines that a real necessity exists for the employment of special counsel in connection with the issuance of the Bonds, and accordingly, Foley & Judell, L.L.P., of New Orleans, Louisiana, as Bond Counsel, is hereby employed to do and perform work of a traditional legal nature as bond counsel with respect to the issuance and sale of the Bonds. Said Bond Counsel shall prepare and submit to this Governing Authority for adoption all of the proceedings incidental to the authorization, issuance, sale and delivery of such Bonds, shall counsel and advise this Governing Authority as to the issuance and sale thereof and shall furnish its opinion covering the legality of the issuance of the Bonds. The fee of Bond Counsel for the Bonds shall be fixed at a sum not exceeding the fee allowed by the Attorney General's fee guidelines for such Bond Counsel work in connection with the issuance of general obligation bonds and based on the amount of the Bonds actually issued, sold, delivered and paid for, plus "out-of-pocket" expenses, said fee to be contingent upon the issuance, sale and delivery of the Bonds.
SECTION 5. Engagement Letter . The Issuer hereby acknowledges that it has named Foley & Judell, L.L.P. of New Orleans, Louisiana, as bond counsel for the Bonds and in connection therewith the President is hereby authorized and directed to execute, and the Governing Authority hereby agrees to and accepts the terms of, the engagement letter, a copy of which is on file in the records of the Secretary of the Issuer.
SECTION 6. Appointment of Municipal Advisor. As the Dodd-Frank Wall Street Reform and Investor Protection Act (the “Act”) provides that certain professionals giving certain advice relative to the issuance of indebtedness must be registered an Independent Registered Municipal Advisors (“IRMA”), the Issuer hereby retains Argent Advisors, Inc. of Ruston, Louisiana, Registered Municipal Advisors, to act as its Independent Registered Municipal Advisor pursuant to the provisions of the Act and Final Rule adopted by the Securities and Exchange Commissioners on September 20, 2013 and the adopted final release (the “Release”). The Issuer hereby acknowledges that it is represented by Lucius McGehee of Argent Advisors, Inc. and that said Lucius McGehee is an IRMA and shall offer advice on structure, timing, terms and other matters relating to the Bonds, upon which the Issuer may rely. The fee for such services shall, whenever possible, be payable from the proceeds of the Bonds and the amount thereof shall be subject to approval by the Issuer and subject to the approval of the State Bond Commission.
The foregoing resolution having been submitted to a vote, the vote thereon was as follows:
MEMBERS YEAS NAYS ABSENT ABSTAINING
Daron Chandler __X__ _____ _______ __________
Leah Byles _____ _____ ___X___ __________
Spencer Faust __X__ _____ _______ __________
Roderick Davis __X__ _____ _______ __________
Genevieve Gordon __X__ _____ _______ __________
William D. Garcie __X__ _____ _______ __________
Terrell Snelling __X__ _____ _______ __________
Donald H. Remedies __X__ _____ _______ __________
Dale Skinner _____ _____ __X___ __________
And the resolution was declared adopted, on this, the 9th day of December, 2019.
/s/ Sara P. Ebarb /s/ Terrell D. Snelling
Secretary-Treasurer President
STATE OF LOUISIANA
PARISH OF SABINE
I, the undersigned Secretary-Treasurer of the Parish School Board of the Parish of Sabine, State of Louisiana, do hereby by certify that the foregoing pages constitute a true and correct copy of a resolution adopted by said Parish School Board December 9, 2019, giving preliminary approval to the issuance of not exceeding One Million One Hundred Fifty-Five Thousand Dollars ($1,155,000) of General Obligation School Refunding Bonds of South Sabine Consolidated School District No. 20 of Sabine Parish, State of Louisiana, making application to the State Bond Commission for approval of said Bonds and providing for other matters in connection therewith.
IN FAITH WHEREOF, witness my official signature and the impress of the official seal of said Board on this, the 9th day of December, 2019.
____________________________________
Secretary-Treasurer
(SEAL)
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D. On motion by Daron Chandler, and seconded by Roderick Davis, it was carried to authorize Director of Finance to Execute Municipal Advisor Engagement Letter with Argent Advisors Inc.
Final Resolution: Motion Carries
Yea: Daron Chandler, Donald Garcie, Roderick Davis, Spencer Faust, Terrell Snelling, Donald Remedies, Genevieve Gordon.
Absent: Dale Skinner, Dr. Leah Byles
5. Superintendent’s Report
Superintendent’s Report was informational only.
6. Adjournment
There being no further business, the meeting was adjourned.
__________________________
Terrell Snelling, President
ATTEST:
__________________________
Sara P. Ebarb, Superintendent