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1. 3/25/2019
PUBLIC NOTICE - - - LOUISIANA HOUSING CORPORATION NOTICE OF PUBLIC HEARING NOTICE IS HEREBY GIVEN THAT the Louisiana Housing Corporation (the "Corporation"), will conduct a public hearing on April 11, 2019 at ten o'clock (10:00) A.M., in the V. Jean Butler Board Room (Floor 1) at the offices of the Louisiana Housing Corporation, 2415 Quail Drive, Baton Rouge, Louisiana 70808 to hear any objections to the issuance of not exceeding ($24,500,000) Multifamily Housing Revenue Bonds (CCM Housing Preservation Project) in one or more series (the "Bonds") pursuant to provisions of Chapter 3-G of Title 40 of the Louisiana Revised Statutes of 1950, as amended (the "Act"), and other constitutional and statutory authority supplemental thereto, to provide a financing with respect to the acquisition, construction, rehabilitation, and equipping of a multifamily housing development as follows: Description of Project Type: CCM Housing Preservation Project consists of three noncontiguous sites containing 223 rental units (the "CCM Housing Development") located in the city of Lake Charles, Calcasieu Louisiana, encompassing 31.76 acres of land as follows: (i) Project Site #1: consists of 75 residential rental units located at 2400 Anita Drive for which approximately $7,885,000 of Bond proceeds are budgeted (ii) Project Site #2: consists of 70 residential rental units located at 1903 Augustus Street for which approximately $7,365,000 of Bond proceeds are budgeted (iii) Project Site #3: consists of 88 residential rental units located at 1700 Prater Street for which approximately $9,250,000 of Bond proceeds are budgeted Maximum Bond Principal: $24,500,000 of Bonds to finance the CCM Housing Development for a total project cost of approximately $47,803,418 Initial Owner/operator of the CCM Housing Development: CCM Lake Charles Housing Preservation, LP The Bonds will be limited obligations of the Corporation secured solely by revenues and moneys derived by the Corporation from or with respect to the CCM Housing Development. The public and interested parties are invited to attend and present oral or written comments at the public hearing regarding the residential development and the issuance of the Bonds. Questions or request for additional information may be directed to Mr. Louis Russell, Housing Development Administrator, Louisiana Housing Corporation, 2415 Quail Drive, Baton Rouge, LA 70808, Telephone: (225) 763-8700. Any interested persons unable to attend the hearing may submit their views in writing to the above named person prior to the date scheduled for the hearing. LOUISIANA HOUSING CORPORATION By: /s/ Edselle Keith Cunningham, Jr. Executive Director 338835-mar 25-1t
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2. 3/23/2019
PUBLIC NOTICE - - - LOUISIANA LOCAL GOVERNMENT ENVIRONMENTAL FACILITIES AND COMMUNITY DEVELOPMENT AUTHORITY On the motion of Butler and seconded by Rabalais the following resolution was adopted: AMENDED RESOLUTION A RESOLUTION MAKING CERTAIN FINDINGS WITH RESPECT TO AND AUTHORIZING THE ISSUANCE OF NOT TO EXCEED $50,000,000 LOUISIANA LOCAL GOVERNMENT ENVIRONMENTAL FACILITIES AND COMMUNITY DEVELOPMENT AUTHORITY REVENUE AND REFUNDING BONDS (BOSSIER PARISH PUBLIC IMPROVEMENT PROJECTS), IN ONE OR MORE SERIES; APPROVING THE FORMS OF AND AUTHORIZING THE EXECUTION AND DELIVERY OF THE TRUST INDENTURE AND THE LOAN AGREEMENT; AUTHORIZING OTHER DOCUMENTS, CERTIFICATES OR CONTRACTS REQUIRED IN CONNECTION THEREWITH; AND AUTHORIZING THE OFFICERS AND DIRECTORS OF THE AUTHORITY TO DO ALL THINGS NECESSARY TO EFFECTUATE THIS RESOLUTION. WHEREAS, the Louisiana Local Government Environmental Facilities and Community Development Authority (the "Authority"), is a political subdivision of the State of Louisiana established for public purposes pursuant to Chapter 10-D of Title 33 of the Louisiana Revised Statutes of 1950, as amended (La. R.S. 33:4548.1 through 4548.16, inclusive) (the "LCDA Act"); WHEREAS, the Parish of Bossier, a parochial government and political subdivision of the State of Louisiana (the "Parish") has requested that the Authority issue revenue and refunding bonds in order finance capital improvements for the Parish and to refund certain outstanding maturities of the Parish's $8,000,000 Sales Tax Refunding Bonds, Series 2016B (the "Prior Bonds"), in an aggregate amount not to exceed $50,000,000; WHEREAS, the Authority adopted a resolution on June 14, 2018, authorizing the issuance of its Revenue and Refunding Bonds (Bossier Parish Public Improvement Projects) in one or more series (the "Bonds") taxable or tax-exempt, or both, in an aggregate amount not to exceed $50,000,000 on behalf of the Parish for the purpose of financing capital improvements, refunding the Prior Bonds, funding reserves, if necessary, and to pay costs of issuance of the Bonds (collectively, the "Project") pursuant to the LCDA Act and Chapter 14-A of Title 39 of the Louisiana Revised Statutes of 1950, as amended (the "Refunding Act" and, together with the LCDA Act, the "Act"); WHEREAS, the Act and other constitutional and statutory authority empower the Authority to issue bonds to provide funds to the beneficiary thereof to allow it to finance capital improvements and refund the Prior Bonds under the terms and conditions more fully described in the Loan Agreement between the Authority and the Parish (the "Loan Agreement"); WHEREAS, the State Bond Commission (the "Commission") approved the issuance of the Bonds by the Authority on July 19, 2018; WHEREAS, the Authority is authorized by the Act to secure its bonds by a pledge of the income, revenues and receipts derived by or payable to the Authority under the Loan Agreement; WHEREAS, the Authority adopted a resolution on September 13, 2018, authorizing the Authority and Hancock Whitney Bank, as trustee, to enter into a Trust Indenture (the "Indenture") pursuant to which the Authority's rights, duties and obligations under the Loan Agreement (except for certain rights of reimbursement of expenses, indemnification and exculpation, and rights to notices) shall be assigned by the Authority under the Indenture to the Trustee for the benefit and security of the present and future owners of the Bonds; WHEREAS, the Authority now desires to amend the resolution adopted on September 13, 2018, authorizing the sale of the Bonds to Regions Capital Advantage, Inc. and naming Regions Bank as the trustee, (the "Trustee") with which the Authority is authorized to enter into a Trust Indenture (the "Indenture") pursuant to which the Authority's rights, duties and obligations under the Loan Agreement (except for certain rights of reimbursement of expenses, indemnification and exculpation, and rights to notices) shall be assigned by the Authority under the Indenture to the Trustee for the benefit and security of the present and future owners of the Bonds; WHEAREAS, the Authority now desires to amend the resolution adopted on September 13, 2018, to name Stifel, Nicolaus & Company, Inc. as placement agent (the "Placement Agent"). WHEREAS, in consideration of the loan by the Authority pursuant to the Loan Agreement, the Parish will agree to make payments of principal and interest that will be sufficient to pay or reimburse the payment of the costs of issuance of the Bonds and principal of, interest and other charges relative to the Bonds; WHEREAS, the Authority has determined that the sale of the Bonds to Regions Capital Advantage, Inc. and the use of the proceeds thereof to finance the Project will be in furtherance of the public purposes intended to be served by the LCDA Act; WHEREAS, all consents and approvals required to be given by public bodies in connection with the authorization, issuance and sale of the Bonds as authorized by the Indenture and as required by the Act have been or will be secured prior to the delivery of the Bonds; and WHEREAS, the Authority now desires to authorize the execution and delivery of the Loan Agreement and the Trust Indenture, substantially in the forms submitted to the Authority this date, and all other documents, certificates and contracts ancillary thereto and required in connection with the transaction contemplated hereby in the forms as approved by Bond Counsel and counsel to the Authority, to authorize the sale and delivery of the Bonds to Regions Capital Advantage, Inc. within certain parameters set forth herein, and to provide for the execution of all instruments, documents and certificates in connection therewith. NOW, THEREFORE, be it resolved by the Executive Committee of the Board of Directors of the Authority, acting as the governing authority for the Authority, that: SECTION 1. The Authority hereby authorizes the issuance of its not to exceed $50,000,000 Revenue and Refunding Bonds (Bossier Parish Public Improvement Projects) in one or more series, taxable or tax-exempt, or both (the "Bonds"), to finance capital improvements for the Parish; to refund all or a portion of the Parish's $8,000,000 Sales Tax Refunding Bonds, Series 2016B (the "Prior Bonds"); to fund reserves, if necessary, and to pay costs of issuance of the Bonds. The details of the Bonds and the other provisions of their issuance, security and payment shall be as set forth in the Indenture, said Indenture to be substantially in the form submitted at this meeting and filed with the official minutes of the Authority, with such additions, omissions and changes as may be approved by Bond Counsel and counsel to the Authority. The Bonds will be issued only as fully registered bonds, in denominations of $100,000 or any integral multiple of $1,000 in excess thereof, as provided in the Indenture. The Bonds shall mature not later than not later than thirty (30) years from the date of issuance, and shall bear interest at a fixed or variable rate not to exceed six percent (6%) per annum, all as provided in and subject to the terms and conditions of the Indenture, and shall be secured by payments under the Loan Agreement with the Parish. The Parish shall pay the payments under the Loan Agreement from all Lawfully Available Funds of the Parish, including funds, income, revenue, fees, receipts or charges of any nature from any source whatsoever on deposit with or accruing from time to time to the Parish, provided that no such funds, income, revenue, fees, receipts or charges shall be so included which have been or are in the future legally dedicated and required for other purposes by the electorate, by the terms of specific grants, by the terms of particular obligations issued or to be issued (to the extent pledged or budgeted to pay debt service on such other obligations) or by operation of law. SECTION 2. The Bonds are hereby authorized to be sold to Regions Capital Advantage, Inc. or its designees, provided that the parameters of the terms of the Bonds set forth in this resolution are not exceeded. SECTION 3. The forms and terms of the Indenture and the Loan Agreement are hereby approved in substantially the forms submitted to the Authority, all of the provisions of which are hereby made a part of this resolution, with such additions, omissions and changes as may be approved by Bond Counsel and counsel to the Authority. The execution and delivery of all ancillary documents, certificates or contracts by the Authority, in such forms as are acceptable to Bond Counsel and counsel to the Authority, is hereby approved. SECTION 4. Regions Bank is hereby appointed as Trustee under the Indenture. SECTION 5. Stifel, Nicolaus & Company, Inc. is hereby appointed as Placement Agent. SECTION 6. By virtue of applicant/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 7. The Chairman, Vice Chairman, Secretary-Treasurer, Executive Director or Assistant Secretary of the Authority are hereby authorized and directed, for and on behalf of the Authority, to do all things necessary, on the advice of Bond Counsel to the Authority, to effectuate the sale and delivery of the Bonds and to implement this resolution, including the publication hereof as required by the LCDA Act, the execution of agreements, documents or certificates necessary to issue and deliver the Bonds, including but not limited to the final versions of the Indenture and the Loan Agreement. Said officers are hereby further authorized and directed to approve for and on behalf of and in the name of the Authority any changes, additions or deletions in any of the documents, instruments or certificates referred to in this resolution, provided that all such changes, additions or deletions, if any, shall be approved by Bond Counsel and counsel to the Authority and consistent with and within the authority provided by the Act. SECTION 8. This resolution shall be published in The Advocate, the official journal of the Authority and the State of Louisiana published in Baton Rouge, Louisiana. [REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK] SECTION 9. This Resolution shall become effective immediately upon its adoption. This resolution having been submitted to a vote, the vote thereon was as follows: Executive Committee Member Yea: Mayor David Camardelle, Chairman Mayor David C. Butler, Vice Chairman Mayor Billy D'Aquilla David B. Rabalais Guy Cormier Nay: None Absent: Lynn Austin, Secretary/Treasurer Mary S. Adams Abstaining: None The Resolution was declared adopted on this 14th day of March 2019. **** (Other items of business not pertinent to the foregoing resolution may be found in the official minutes of the Executive Committee of the Authority.) LOUISIANA LOCAL GOVERNMENT ENVIRONMENTAL FACILITIES AND COMMUNITY DEVELOPMENT AUTHORITY /s/Ty E. Carlos Ty E. Carlos Executive Director Attest: /s/Amy K. Cedotal Amy K. Cedotal Assistant Secretary 339105-mar 23-1t
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3. 3/21/2019
PUBLIC NOTICE - - - LOUISIANA LOCAL GOVERNMENT ENVIRONMENTAL FACILITIES AND COMMUNITY DEVELOPMENT AUTHORITY On the motion of Butler, seconded by Rabalais, the following resolution was adopted: RESOLUTION A RESOLUTION AUTHORIZING THE LOUISIANA LOCAL GOVERNMENT ENVIRONMENTAL FACILITIES AND COMMUNITY DEVELOPMENT AUTHORITY ("THE AUTHORITY") TO PROCEED WITH THE ISSUANCE OF ITS NOT TO EXCEED $38,000,000 REVENUE REFUNDING BONDS (NICHOLLS STATE UNIVERSITY STUDENT HOUSING/NSU FACILITIES CORPORATION PROJECT) IN ONE OR MORE SERIES, ON BEHALF OF NSU FACILITIES CORPORATION, FOR THE PURPOSE OF REFUNDING ALL OR A PORTION OF ITS $32,380,000 TAX-EXEMPT REVENUE BONDS (NICHOLLS STATE UNIVERSITY STUDENT HOUSING/NSU FACILITIES CORPORATION PROJECT) SERIES 2007B; EMPLOYING BOND COUNSEL AND OTHER PROFESSIONALS; AUTHORIZING AN APPLICATION TO THE STATE BOND COMMISSION; AND OTHERWISE PROVIDING WITH RESPECT THERETO. WHEREAS, the Louisiana Local Government Environmental Facilities and Community Development Authority (the "Authority"), is a political subdivision of the State of Louisiana established for public purposes pursuant to Chapter 10-D of Title 33 of the Louisiana Revised Statutes of 1950, as amended (La. R.S. 33:4548.1 through 4548.16, inclusive) (the "LCDA Act"); WHEREAS, the Act and other constitutional and statutory authority empower the Authority to issue bonds to provide funds to the beneficiary thereof to allow it to provide funds for and to fulfill and achieve its authorized public functions or corporate purposes as set forth in the LCDA Act; WHEREAS, Chapter 14-A of Title 39 of the Louisiana Revised Statutes of 1950, as amended (La. R.S. 39:1444 through 1456) (collectively, the "Refunding Act" and, together with the LCDA Act, the "Act"), authorizes the issuance of refunding bonds of the Authority; WHEREAS, on August 23, 2007, the Authority issued $17,680,000 of its Tax-Exempt Fixed Rate Revenue Bonds (Nicholls State University Student Housing/NSU Facilities Corporation Project) Series 2007A (the "Series 2007A Bonds") and $32,380,000 of its Tax-Exempt Auction Rate Revenue Bonds (Nicholls State University Student Housing/NSU Facilities Corporation Project) Series 2007B (the "Series 2007B Bonds" and, together with the Series 2007A Bonds, the "Series 2007 Bonds") on behalf of NSU Facilities Corporation, a Louisiana non-profit corporation (the "Corporation"), pursuant to the terms and conditions of that certain Trust Indenture dated as August 1, 2007 (the "Original Indenture") by and between the Authority and The Bank of New York Mellon Trust Company, N.A., as trustee (the "Prior Trustee"), for the purpose of enabling the Board of Supervisors for the University of Louisiana System (the "Board"), on behalf of Nicholls State University (the "University"), to consolidate its student housing facilities through the (i) acquisition of the housing facilities financed with prior bonds through the defeasance of the prior bonds; (ii) demolition of certain existing facilities and renovation, development and construction of certain student housing, related facilities and other campus improvements on the campus of the University; (iii) funding of a deposit to a debt service reserve fund; (iv) payment of capitalized interest on the Series 2007 Bonds; and (v) payment of costs of issuance of the Series 2007 Bonds, including the premium for a bond insurance policy insuring the Series 2007 Bonds (collectively, the "Project") and for such purpose loaned the proceeds of the Series 2007 Bonds to the Corporation pursuant to the terms and conditions of that certain Loan Agreement dated as of August 1, 2007 by and between the Authority and the Corporation (the "Original Loan Agreement"); WHEREAS, in connection with the issuance of the Series 2007B Bonds, the Authority entered into an interest rate swap (the "Swap") pursuant to (i) an ISDA Master Agreement (the "Master Agreement"), a related Schedule to the Master Agreement (the "Schedule to Master Agreement"), and a Credit Support Annex (the "Credit Support Annex"), each effective as of August 13, 2007 (collectively, the "Master Swap Agreements"), with Morgan Keegan Financial Products, Inc. (the "Original Swap Counterparty"), (ii) a Replacement Transaction Agreement dated as of August 13, 2007 (the "Replacement Transaction Agreement") between the Issuer, the Original Swap Counterparty and Deutsche Bank AG, New York Branch (the "Replacement Swap Counterparty"), and (iii) a Confirmation dated August 15, 2007 (the "Original Confirmation") with the Original Swap Counterparty as amended by an Amended and Restated Confirmation dated as of June 20, 2008 (the "First Amended Confirmation"), with the Original Swap Counterparty as further amended by an Amended and Restated Confirmation dated as of December 8, 2017 (the "Second Amended Confirmation"), with the Replacement Swap Counterparty (the "Swap Documents"); WHEREAS, on December 1, 2017, the Authority issued $10,605,000 of its Revenue Refunding Bonds (Nicholls State University Student Housing/NSU Facilities Corporation Project) Series 2017 (the "Series 2017 Bonds") for the purpose of (i) refunding the Series 2007A Bonds; and (ii) paying costs of issuance of the Series 2017 Bonds, and converted the Series 2007B Bonds to the Series 2007B Lender Rate pursuant to the terms and conditions of that certain Second Supplemental Trust Indenture (the "Second Supplemental Indenture" and, together with the Original Indenture and the First Supplemental Indenture, the "Indenture") by and between the Authority and Regions Bank, as trustee (the "Trustee") and for such purpose loaned the proceeds thereof to the Corporation pursuant to that certain First Supplemental Loan Agreement dated as of December 1, 2017 by and between the Authority and the Corporation (together with the Original Loan Agreement, the "Loan Agreement"); WHEREAS, at the request of the Corporation, the Authority now desires to issue its not to exceed $38,000,000 Revenue Refunding Bonds (Nicholls State University Student Housing/NSU Facilities Corporation Project) in one or more series (the "Refunding Bonds") for the purpose of, together with other funds available to the Corporation, (i) refunding all or a portion of the Series 2007B Bonds; (ii) funding a deposit to a debt service reserve fund or paying the premium for a debt service reserve fund surety policy, if necessary; (iii) paying any applicable termination payment required in order to terminate the Swap; and (iv) paying the costs of issuance of the Refunding Bonds, including the premium for a bond insurance policy insuring the Refunding Bonds, if necessary (collectively, the "Project"); WHEREAS, simultaneously with the issuance of the Refunding Bonds, and at the request of the University and the Corporation, the Authority desires to terminate all or a portion of the Swap and the Swap Documents; WHEREAS, in connection with the issuance of the Refunding Bonds, it is desirable that the Authority and the Trustee enter into a Third Supplemental Trust Indenture (the "Third Supplemental Indenture"), and the Authority and the Corporation will enter into a Second Supplemental Loan Agreement (the "Second Supplemental Loan Agreement"); WHEREAS, the Authority desires to authorize the filing of an application with the Louisiana State Bond Commission (the "Bond Commission") requesting that the Bond Commission grant approval to the issuance of the Refunding Bonds in accordance with the Act; and WHEREAS, it is desirable that the Executive Committee of the Authority (the "Executive Committee") adopt a resolution approving the issuance of the Refunding Bonds and the execution of a Third Supplemental Trust Indenture and a Second Supplemental Loan Agreement for the foregoing purposes. NOW, THEREFORE, be it resolved by the Executive Committee of the Board of Directors of the Louisiana Local Government Environmental Facilities and Community Development Authority, acting as the governing authority for said Louisiana Local Government Environmental Facilities and Community Development Authority, that: SECTION 1. Pursuant to the Authority of the Act, the Executive Committee of the Authority does hereby authorizes the issuance of the Authority's Revenue Refunding Bonds (Nicholls State University Student Housing/NSU Facilities Corporation Project) in one or more series, taxable or tax-exempt, in an aggregate amount not to exceed $38,000,000 (the "Refunding Bonds") for the purpose of, together with other funds available to the Corporation, (i) refunding all or a portion of the Series 2007B Bonds; (ii) funding a deposit to a debt service reserve fund or paying the premium for a debt service reserve fund surety policy, if necessary; (iii) paying any applicable termination payment required in order to terminate the Swap; and (iii) paying the costs of issuance of the Refunding Bonds, including the premium for a bond insurance policy insuring the Refunding Bonds, if necessary, such Refunding Bonds to mature not later than June 1, 2039, bearing interest at fixed rates not to exceed six percent (6.00%), and secured by payments under a Second Supplemental Loan Agreement with the Corporation which payments will be payable by the Corporation from lease revenues received from the Board payable from lawfully available funds on a pari passu basis with any of the Series 2007 Bonds and Series 2017 Bonds that remain outstanding after the issuance of the Refunding Bonds. The Authority does hereby authorizes the termination of the Swap and the Swap Documents simultaneously with the issuance of the Refunding Bonds. SECTION 2. The Chairman, Vice Chairman, Secretary-Treasurer, Executive Director or Assistant Secretary (each, an "Authorized Officer") are authorized and directed, for and on behalf of the Authority, to do all things necessary, on the advice of bond counsel to the Authority, to implement this Resolution, including the execution of the Third Supplemental Indenture, the Second Supplemental Loan Agreement and the execution or issuance of all notices, agreements, documents or certificates necessary in connection with the issuance of the Refunding Bonds, the termination of the Swap Documents and the implementation of this Resolution. SECTION 3. The Authority does hereby authorize the filing of an application with the Bond Commission requesting approval of the issuance of the Refunding Bonds and any other matters in connection therewith requiring Bond Commission approval. SECTION 4. By virtue of applicant/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 5. It is recognized, found and determined that a real necessity exists for the employment of Bond Counsel in connection with the issuance of the Refunding Bonds and accordingly, Jones Walker LLP, Baton Rouge, Louisiana is hereby employed as Bond Counsel ("Bond Counsel") to the Authority to do and to perform comprehensive, legal and coordinate professional work with respect to the issuance and sale of the Refunding Bonds. Bond Counsel shall (i) prepare and submit to the Authority for adoption all of the proceedings incidental to the authorization, issuance, sale and delivery of the Refunding Bonds, (ii) counsel and advise the Authority with respect to the issuance and sale of the Refunding Bonds, and (iii) furnish their opinion covering the legality of the issuance thereof. The fee for bond counsel services to be paid Bond Counsel from Refunding Bond proceeds or from other moneys of the Corporation shall be an aggregate amount not to exceed the Attorney General's then current Bond Counsel Fee Schedule and other guidelines, as negotiated, for comprehensive, legal, and coordinate professional work in the issuance of revenue bonds applied to the actual aggregate principal amount issued, sold, delivered and paid for at the time such Bonds are delivered, together with the reimbursement of out-of-pocket expenses incurred and advanced in connection with the issuance of the Refunding Bonds. SECTION 6. It is recognized and agreed that a real necessity exists for the employment of special counsel to serve as issuer counsel to the Authority to supervise the issuance of the Refunding Bonds and accordingly Joseph A. Delafield, A Professional Corporation, Lake Charles, Louisiana, is hereby employed for such purposes. The fee to be paid for such services shall be an amount to be negotiated with the Authority, together with reimbursement of out-of-pocket expenses incurred and advanced in connection with the issuance of the Refunding Bonds, and shall be payable by the Authority from the proceeds of the Refunding Bonds or from other moneys of the Corporation. SECTION 7. Raymond James & Associates, Inc., New Orleans, Louisiana and Stifel Nicolaus & Company, Incorporated, Baton Rouge, Louisiana, are hereby employed as co-underwriters or co-placement agents in connection with the issuance of the Refunding Bonds and the Authorized Officers are hereby authorized to execute the contract for such employment. SECTION 8. The Authority hereby approves and authorizes the publication of one or more notices of public hearing and does hereby further authorizes and approve the conduct of public hearings in accordance with the requirements of Section 147(f) of the Internal Revenue Code of 1986, as amended. SECTION 9. This Resolution does hereby incorporate by reference as though fully set out herein the provisions and requirements of the Act. SECTION 10. This Resolution shall be published in one issue of the official journal of the Authority as soon as possible. The Refunding Bonds herein authorized shall be incontestable in the hands of bona fide purchasers thereof for value and no court shall have authority or jurisdiction to inquire into the legality thereof if the validity of the Refunding Bonds and the security therefor is not raised within thirty (30) days from the date of the publication of this Resolution. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] SECTION 11. This Resolution shall become effective immediately upon its adoption. This Resolution having been submitted to a vote, the vote thereon was as follows: Member Yea: David J. Camardelle, Chairman David C. Butler II, Vice Chairman Billy D'Aquilla David Rabalais Guy Cormier Nay: None Absent: Lynn Austin, Secretary/Treasurer Mary Adams Abstaining: None This Resolution was declared adopted on this 14th day of March, 2019. **** (Other items of business not pertinent to the foregoing resolution may be found in the official minutes of the Executive Committee of the Authority.) LOUISIANA LOCAL GOVERNMENT ENVIRONMENTAL FACILITIES AND COMMUNITY DEVELOPMENT AUTHORITY /s/Ty E. Carlos Ty E. Carlos, Executive Director Attest: [SEAL] /s/Amy K. Cedotal Amy K. Cedotal, Assistant Secretary 338496-mar 21-1t
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