Shreveport Times
February 10, 2025
The following resolution was offered by Dottie Bell and seconded by Katie McLain:
RESOLUTION
A resolution recognizing the final form and execution of the Bond Purchase Agreement in connection with the issuance and sale of $10,650,000 General Obligation School Bonds, Series 2025, of the Parishwide School District of Caddo Parish, Louisiana, and providing for other matters in connection therewith.
WHEREAS, the Parish School Board of the Parish of Caddo, State of Louisiana, acting as the governing authority (the "Governing Authority") of the Parishwide School District of Caddo Parish, Louisiana (the "Issuer"), adopted a resolution on November 19, 2024 (the "Bond Resolution"), authorizing the issuance of Ten Million Six Hundred Fifty Thousand Dollars ($10,650,000) of General Obligation School Bonds, Series 2025, of the Issuer (the "Bonds"); and
WHEREAS, the Secretary of the Governing Authority has executed the Bond Purchase Agreement as authorized by the Bond Resolution; and
WHEREAS, a copy of the executed Bond Purchase Agreement is attached hereto as Exhibit A; and
WHEREAS, this Governing Authority hereby finds and determines that the terms of the Bonds are within the parameters permitted by the Bond Resolution;
NOW, THEREFORE, BE IT RESOLVED by the Parish School Board of the Parish of Caddo, State of Louisiana, acting as the governing authority of the Parishwide School District of Caddo Parish, Louisiana, that:
SECTION 1. Confirmation of Bond Purchase Agreement. The sale of the Bonds has met the parameters set forth in the Bond Resolution, and accordingly the terms of the Bonds contained in the Bond Purchase Agreement are incorporated herein, and the Bond Purchase Agreement is hereby accepted as executed and attached as Exhibit A hereto.
Capitalized terms used but not defined herein shall have the meaning given such terms in the Bond Resolution.
SECTION 2. Official Statement. The Issuer hereby approves the form and content of the Preliminary Official Statement dated as of January 7, 2025, pertaining to the Bonds, which has been submitted to the Issuer, and hereby ratifies its prior use by the Underwriter in connection with the sale of the Bonds. The Issuer further approves the form and content of the final Official Statement pertaining to the Bonds, which has been submitted to the Issuer, and hereby ratifies its execution by the Executive Officers and the delivery of such final Official Statement to the Underwriter for use in connection with the public offering of the Bonds.
SECTION 3. Deposit of Premium. The premium to be received by the Issuer upon the delivery of the Bonds shall be deposited in the construction fund to be established pursuant to Section 11 of the Bond Resolution and used to pay costs associated with any purpose for which the Bonds are being issued.
SECTION 4. Execution of Documents. The Executive Officers are hereby empowered, authorized and directed to take any and all action and to execute and deliver any instrument, document or certificate necessary to effectuate the purposes of this resolution and the Bond Resolution. If at any time of the execution of any such documents the President or Secretary is absent or otherwise unavailable to sign, the Vice-President shall be expressly authorized to execute such documents on behalf of the Governing Authority.
SECTION 5. Bond Insurance. This Governing Authority hereby makes the findings required by Section 505 of Title 39 of the Louisiana Revised Statutes of 1950, as amended, of the benefit from entering into a contract with Assured Guaranty Inc. for the acquisition of a Municipal Bond Insurance Policy for the Bonds, and the Executive Officers, or either of them, are hereby authorized and directed to execute all documents related thereto.
SECTION 6. Repealing Clause. All resolutions, or parts thereof, in conflict herewith are hereby repealed to the extent of such conflict.
SECTION 7. Effective Date. This resolution shall become effective immediately upon its adoption.
The foregoing resolution having been submitted to a vote, the vote thereon was as follows:
School Board Members
Yea:
Steve Umling,Jasmine Green,Dr. Terence Vinson,Don Little,Dr. Bonita Douzart,Mary Trammel,Jerry Bowman, Jr.,Christine Tharpe,Barry Rachal,Katie McLain,Jessica Yeates,Dottie Bell
Nay: None
Absent: None
Abstainint: None
And this resolution was declared adopted on this, the 21st day of January, 2025.
/s/ Keith Burton
Secretary-Superintendent
/s/ Jasmine Green
President
Exhibits to this resolution have not been published. Exhibits are on file with the minutes of the Caddo Parish School Board and are available for inspection during regular business hours.
11021398 2/10/25 ($205.40)
Miscellaneous Notices