2012-02-02

THE VERNON PARISH SCHOOL BOARD CONVENED IN REGULAR SESSION ON FEBRUARY 2, 2012 AT 10:00AM, 201 BELVIEW ROAD, LEESVILLE, LOUISIANA. PRESIDENT PERKINS CALLED THE MEETING TO ORDER AND ON ROLL CALL THE FOLLOWING MEMBERS WERE PRESENT:

On motion of Mel Harris, seconded by Randy Martin, the Board voted to approve the minutes of the January 17, 2012 regular meeting and dispense with the reading of the minutes.

Mr. Ralph Kimball, representative of Taylor & Sons, presented Employee of The Month to Anna Taylor, custodian at Pickering High School. Ms. Taylor has been with the Vernon Parish School Board for over twenty-nine years. She was given a plaque and gift card from Taylor & Sons and congratulated for her dedication and hard work.

On recommendation of Superintendent Self, and on motion of Jerry Jeane, seconded by Beryl Ford, the Board voted to name Cecil Richmond as Principal at Hornbeck High School.

On recommendation of Superintendent Self, and on motion of Randy Martin, seconded by John Blankenbaker, the Board voted to name Dwain Ducote as Principal at Pickering Elementary School.

On motion of Mel Harris, seconded by Randi Gleason, the Board voted to adopt the following resolution:

A resolution making application to the State Bond Commission for consent and authority to issue, sell and deliver not exceeding $1,600,000 of Certificates of Indebtedness, Series 2012, of the Parish School Board of the Parish of Vernon, State of Louisiana, all in the manner provided by Sections 2921 to 2925, inclusive, of Title 33 of the Louisiana Revised Statutes of 1950, as amended, and other constitutional and statutory authority, providing for the employment of bond counsel and providing for other matters in connection therewith.

WHEREAS, the Budget of the Parish School Board of the Parish of Vernon, State of Louisiana (the "Issuer"), for the fiscal year ending June 30, 2012, shows an excess of revenues over statutory, necessary and usual charges and all other expenses for such fiscal year, sufficient to meet the maximum principal and interest requirements in any future year on the Certificates of Indebtedness authorized herein (the "Certificates"), and the Issuer will herein obligate itself and its successors in office to budget and set aside annually adequate funds for the payment of the Certificates in principal and interest in future years; and

WHEREAS, Sections 2921 to 2925, inclusive, of Title 33 of the Louisiana Revised Statutes of 1950, as amended (R.S. 33:2921‑2925) (the"Act"), authorize the Issuer to make and enter into contracts dedicating the excess of annual revenues of subsequent years above statutory, necessary and usual charges to the payment of the cost of public improvements or other obligations which are to be borne by the Issuer under such contracts; and

WHEREAS, pursuant to and in accordance with the foregoing, the Issuer now desires to incur debt and issue One Million Six Hundred Thousand Dollars ($1,600,000) of its Certificates of Indebtedness, Series 2012, in the manner authorized and provided by the Act for the purpose of paying costs of acquiring school buses and paying the costs of issuance of the Certificates; and

WHEREAS, the Issuer is not now a party to any contract pledging or dedicating its excess of annual revenues above statutory, necessary and usual charges; and

NOW, THEREFORE, BE IT RESOLVED by the Parish School Board of the Parish of Vernon, State of Louisiana, acting as the governing authority of the Parish of Vernon, State of Louisiana, for school purposes, that:

SECTION 1) Application is hereby made to the Louisiana State Bond Commission for consent and authority for the Issuer to issue, sell and deliver not exceeding $1,600,000 of its Certificates of Indebtedness, Series 2012 (the "Certificates"), all in the manner provided by the Act and other constitutional and statutory authority, to pay costs of acquiring school buses and costs of issuance of the Certificates. The principal of the Certificates will be payable over a period not exceeding five (5) years from the date thereof and will bear interest at a rate or rates not exceeding three and one half per centum (3-2%) per annum. The Certificates will be secured by and payable from a pledge and dedication of the excess of annual revenues of the Issuer above statutory, necessary and usual charges in each of the fiscal years during which the Certificates are outstanding. The Issuer will covenant and agree to budget annually a sufficient sum of money to pay the principal of and interest on the Certificates as they respectively mature, including any principal and/or interest theretofore matured and then unpaid, and to levy and collect in each year taxes and to collect other revenues within the limits prescribed by law sufficient to pay the principal of and interest on the Certificates after payment in such years of all statutory, necessary and usual charges.

SECTION 2) A certified copy of this resolution shall be forwarded to said State Bond Commission on behalf of the Issuer, together with a letter requesting the prompt consideration and approval of this application.

SECTION 3. Prior to the delivery of the Certificates, the Issuer intends to expend moneys from other available funds for the purpose for which the Certificates are being issued, and reasonably expects to reimburse and expenditures from the proceeds of the Certificates in an amount of $1,600,000. Any such allocation of proceeds of the Certificates for reimbursement will be with respect to capital expenditures (as defined in Reg. 1.150-1(b) and will be made upon the delivery of the Certificates and no later than eighteen (18) months after the later of (i) the date such expenditure was paid or (ii) the date on which the Project was placed in service. This Section is intended to be a declaration of official intent within the meaning of Reg. 1.150.2.

SECTION 4. This Governing Authority finds and determines that a real necessity exists for the employment of special counsel in connection with the issuance of the Certificates, and accordingly, Foley & Judell, LLP, 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 said Certificates. 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 Certificates, shall counsel this Governing Authority as to the issuance thereof and shall furnish its opinions covering the legality of the issuance of the Certificates. The fee of Bond Counsel is 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 certificates of indebtedness and based on the amount of said certificates actually issued, sold, delivered and paid for, plus "out-of-pocket" expenses, said fees to be contingent upon the issuance, sale and delivery of said certificates. A certified copy of this resolution shall be submitted to the Attorney General of the State of Louisiana for his written approval of said employment and of the fees herein designated.

SECTION 5. Bond Counsel is hereby authorized to obtain bids from potential purchasers for the purchase of the Certificates.

SECTION 6. By virtue of Issuer=s application for, acceptance and utilization of the benefits of the Louisiana State Bond Commission's approval(s) resolved and set forth herein, the Issuer 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 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.

The following resolution having been submitted to a vote, the vote thereon was as follows:

Member

Yea

Nay

Absent

Abstaining

Randi Gleason

Mel Harris

Robert Pynes, Jr.

Doug Brandon

Steve Woods

Jerry L. Jeane

Beryl Ford

Randy Martin

Michael Perkins

Vernon Travis

John Blakenbaker

Gerald Cooley

I, the undersigned Secretary of the Parish School Board of the Parish of Vernon, State of Louisiana, do hereby certify that the foregoing four (4) pages constitute a true and correct copy of a resolution adopted by the Parish School Board of the Parish of Vernon on February 2, 2012, making application to the State Bond Commission for consent and authority to issue, sell and deliver not exceeding $1,600,000 of Certificates of Indebtedness, Series 2012, of the Parish School Board of the Parish of Vernon, State of Louisiana, all in the manner provided by Sections 2921 to 2925, inclusive, of Title 33 of the Louisiana Revised Statutes of 1950, as amended, and other constitutional and statutory authority, providing for the employment of bond counsel and providing for other matters in connection therewith.

IN FAITH WHEREOF, witness my official signature and the impress of the official seal of said School Board at Leesville, Louisiana, on this, the 2^nd day of February, 2012.

On motion of Doug Brandon, seconded by Randy Martin, the Board voted to advertise for an assistant principal at Pickering Elementary School.

Mel Harris reported that the Salary/Personnel Committee had met and reviewed the personnel changes for February and would make their recommendation to the Board on Tuesday, February 7, 2012.

In other business, Superintendent Self recognized Beryl Ford and Mrs. Ford resigned as District Three Board Member effective February 3^rd. On motion of Vernon Travis, seconded by Jerry Jeane, and on roll call vote, the Board voted unanimously to add an Agenda Item for a Proclamation to call a special election to fill the unexpired term of Beryl Ford. On motion of Randi Gleason, seconded by Vernon Travis, and on roll call vote, the Board voted unanimously to call a special election to fill the unexpired term of Beryl Ford, District 3 Board Member. On motion of Doug Brandon, seconded by Gerald Cooley, the Board voted to place Mrs. Ford’s recommendation for her replacement on the Agenda for Tuesday, February 7, 2012.

Superintendent Self also noted that OEA would have their on-site visit at South Polk on February 15^th. Superintendent Self also reminded Board Members of their re-districting appointments on Tuesday.

On motion of Steve Woods, seconded by the Board, the Board adopted the following memorial resolution:

WHEREAS, the members of the Vernon Parish School Board wish to express their sympathy to the family of T.C. Terrell who recently passed away; and

WHEREAS, Mr. Terrell was a retired bus driver and was the father-in-law of Steve Dowden, bus driver at Vernon Middle School, the grandfather of Wayne Dowden, custodian at West Leesville Elementary School, and the uncle of Jerry L. Jeane, Board Member; and

WHEREAS, Mr. Terrell was a longtime resident of Vernon Parish and he will be greatly missed by his family and friends; now

BE IT THEREFORE RESOLVED that the Vernon Parish School Board requests a copy of this memorial resolution be sent to his family at this time of sadness.

On motion of Gerald Cooley, seconded by the Board, the Board adopted the following memorial resolution:

WHEREAS, the members of the Vernon Parish School Board wish to express their sympathy to the family of Morgan Wellman who recently passed away; and

WHEREAS, Mr. Wellman was a longtime resident of LaCamp and he will be greatly missed by his family and friends; now

BE IT THEREFORE RESOLVED that the Vernon Parish School Board requests a copy of this memorial resolution be sent to his family at this time of sadness.

On motion of Beryl Ford, seconded by the Board, the Board adopted the following memorial resolution:

WHEREAS, the Vernon Parish School Board takes this means to express their condolences to the family of Claude Nolen Jeane who recently passed away; and

WHEREAS, Mr. Jeane was on the Evans School Building Committee and was an avid supporter of the Evans School and community;

WHEREAS, Mr. Jeane was a longtime resident of Evans and he will be greatly missed by his family and friends; now

BE IT THEREFORE RESOLVED that the Vernon Parish School Board requests a copy of this memorial resolution be sent to his family at this time of sadness.

There being no further business, and on motion of Jerry Jeane, seconded by the Board, the meeting was adjourned.