City Council

PROCEEDINGS OF THE CITY COUNCIL OF BOSSIER CITY STATE OF LOUISIANA TAKEN AT THE REGULAR MEETING JANUARY 6, 2015 The City Council of the City of Bossier City, State of Louisiana, met in regular session in Council Chambers, 620 Benton Road, Bossier City, Louisiana, January 6, 2015, at 3:00 PM Invocation was given by Council Member Jeffery Darby Pledge of Allegiance led by Council Member Thomas Harvey Roll Call as follows: Present: Honorable Councilor Timothy Larkin, President, Honorable Councilors, David Montgomery, Jr., Scott Irwin, Jeffery Darby, Don Williams, Jeff Free and Thomas Harvey Also Present: Mayor Lorenz Walker, City Attorney Jimmy Hall and City Clerk Phyllis McGraw By: Mr. Irwin Motion to approve the minutes of the December 15, 2014 Special Council Meeting and December 16, 2014 Regular Council Meeting and dispense with the reading. Seconded by Mr. Darby No comment Vote in favor of motion is unanimous By: Mr. Montgomery, Jr., Motion to amend agenda to include #15 under New Business - Adopt a Resolution declaring the intention of the City of Bossier City (The "City) to proceed with a financing in an amount not to exceed twenty million and no/100 dollars ($20,000,000) for the purpose of financing costs of additions, acquisitions, repairs and/or expansions needed to maintain City owned works of public improvement, and pay costs of issuance of the bonds; and otherwise providing with respect thereto. Seconded by Mr. Williams No comment Vote in favor of motion is unanimous By: Mr. Darby Motion to amend agenda to include #16 under New Business - Approve Parade Fee Waiver for Second Annual North Louisiana March for Life January 17, 2015. Seconded by Mr. Free No comment Vote in favor of motion is unanimous By: Mr. Williams Motion to approve agenda as amended. Seconded by Mr. Darby No comment Vote in favor of motion is unanimous Ceremonial Matters: Committee Reports: Unfinished Business: New Business: The following Ordinance offered and adopted: ORDINANCE NO. 1 OF 2015  AN ORDINANCE TO APPROPRIATE $130,000 TO COME FROM THE SALES TAX CAPITAL IMPROVEMENTS FUND TO BE USED TO CONSTSRUCT IMPROVEMENTS TO PROFIT LANE. ________________________________________________________________ WHEREAS, Valveworks USA is a manufacturing company located in Bossier City with plans to expand at its present location on Swan Lake Road with access to the rear of its facility by Profit Lane; and WHEREAS, heavy loads are expected to use Profit Lane after the plant expansion; and WHEREAS, Profit Lane is old asphalt, gravel and dirt road and originally dedicated to the public in 1970. NOW, THEREFORE, BE IT ORDAINED that the City Council of Bossier City, in regular session convened, does hereby appropriate $130,000.00 from the Sales Tax Capital Improvements Fund to be used to construct improvements to Profit Lane. BE IT FURTHER ORDAINED, that the Mayor is hereby authorized to sign any and all instruments in connection with the furtherance of this Ordinance. The above and foregoing Ordinance was read in full at open and legal session convened, was on motion of Mr. Don Williams and seconded by Mr. Jeffery Darby, and adopted on the 6th day of January, 2015, by the following vote: AYES: Mr. Montgomery, Jr., Mr. Larkin, Mr. Irwin, Mr. Darby, Mr. Williams, Mr. Free and Mr. Harvey NAYS: none ABSENT: none ABSTAIN: none _____________________________________ ______________________________________ Timothy Larkin, President Phyllis McGraw, City Clerk The following Ordinance offered and adopted: ORDINANCE NO. 2 OF 2015 AN ORDINANCE TO AUTHORIZE THE MAYOR TO EXECUTE A STREET ABANDONMENT PLAT WHEREBY BOSSIER CITY WILL ABANDON A PORTION OF SWAN LAKE ROAD AND SHIRLEY LANE. ________________________________________________  WHEREAS, with the recent completion of improvements to Swan Lake Road there are certain portions of the old Swan Lake Road and Shirley Lane Right-of Ways that are no longer required for public use; and WHEREAS, a portion of Swan Lake Road and Shirley Lane located in sections 23 and 24, Township 18 North, Range 13 West, Bossier City, Bossier Parish, Louisiana, containing 0.448 acres more or less to be abandoned and as shown on the attached “Street Abandonment Plat”; and WHEREAS, the attached “Street Abandonment Plat” is attached to and a part of this Ordinance. NOW, THEREFORE, BE IT ORDAINED that the City Council of Bossier City, in regular session convened, does hereby authorize the Mayor to execute a street abandonment plat whereby Bossier City will abandon a portion of Swan Lake Road and Shirley Lane. BE IT FURTHER ORDAINED, that the Mayor is hereby authorized to sign any and all instruments in connection with the furtherance of this Ordinance. The above and foregoing Ordinance was read in full at open and legal session convened, was on motion of Mr. Don Williams and seconded by Mr. David Montgomery, Jr., and adopted on the 6th day of January, 2015, by the following vote: AYES: Mr. Montgomery, Jr., Mr. Larkin, Mr. Irwin, Mr. Darby, Mr. Williams, Mr. Free and Mr. Harvey NAYS: none ABSENT: none ABSTAIN: none _____________________________________ ______________________________________ Timothy Larkin, President Phyllis McGraw, City Clerk The following Ordinance offered and adopted: Ordinance No. 3 Of 2015 AN ORDINANCE ESTABLISHING SEPTEMBER 15TH EACH YEAR AS THE DATE A COMPLETE COPY OF THE GENERAL FUND OPERATING BUDGET AND SEPARATE ODINANCES FOR EACH BUDGET LISTED IN SECTION 6.02 OF THE BOSSIER CITY CHARTER FOR THE ENSUING FISCAL YEAR SHALL BE PRESENTED TO THE BOSSIER CITY COUNCIL AND OTHERWISE PROVIDING WITH RESPECT THERETO. WHEREAS, the Bossier City charter establishes time limits for the budget process; and  WHEREAS, Section 6.10 Responsibilities of Administration on introduction sets forth in section (b) that not later than the fifteenth (15th) day of October the Finance Director shall prepare for and introduce to the City Council a separate ordinance for each budget listed in Section 6.02 making appropriation for the ensuing fiscal year; and WHEREAS, when the budget information is not received timely by the City Council it does not provide the City Council with adequate opportunity to review the budget and delays the adoption of the budget; NOW, THEREFORE, BE IT ORDAINED by the City Council of Bossier City, Louisiana, in regular session convened, that the Administration shall provide the Bossier City Council with a complete copy of the General Fund Operating Budget and separate ordinances for each budget listed in Section 6.02 of the Bossier City Charter for the ensuing fiscal year not later than September 15th each year; BE IT FURTHER ORDAINED, that failure to provide the referenced information on or before September 15th of each year shall result in penalties being imposed by the Bossier City Council consistent with those imposed for other violations of state or local laws. The above and foregoing Ordinance was read in full at open and legal session convened, was on motion of Mr. Don Williams, and seconded by Mr. David Montgomery, Jr., and adopted on the 6th day of January, 2015, by the following vote: AYES: Mr. Montgomery, Jr., Mr. Irwin, Mr. Darby, Mr. Williams, Mr. Free and Mr. Harvey NAYS: Mr. Larkin ABSENT: none ABSTAIN: none ____________________________ Timothy Larkin, President ____________________________ Phyllis McGraw, City Clerk New Business The following ordinance offered and adopted: ORDINANCE NO. 4 OF 2015 AN ORDINANCE APPROVING A CONDITIONAL USE AT A B-3 (GENERAL BUSINESS DISTRICT) LOCATION, 4000 BARKSDALE BOULEVARD, BOSSIER CITY, LA, FOR THE RETAIL SALES OF HIGH AND LOW CONTENT ALCOHOL FOR OFF PREMISE CONSUMPTION AT A GROCERY STORE. (Polestar Development) WHEREAS, Polestar Development has applied to the Bossier City-Parish Metropolitan Planning Commission for Conditional Use Approval at a B-3 location, 4000 Barksdale Boulevard, Bossier City, LA, for the retail sales of high and low content alcohol for off premise consumption at a grocery store, and WHEREAS, a public hearing for the application was held on December 8, 2014, and WHEREAS, the Planning Department has submitted the results of said public hearing, to the Mayor and the City Council of the City of Bossier City. THE CITY COUNCIL OF THE CITY OF BOSSIER CITY HEREBY ORDAINS: SECTION 1. That the Conditional Use for the retail sales of high and low content alcohol for off premise consumption at a grocery store located at 4000 Barksdale Boulevard, Bossier City, LA 71112 is hereby approved. Motion was made by Mr. Scott Irwin and seconded by Mr. Jeffery Darby to adopt the above ordinance. Upon the following vote, the ordinance was duly adopted this6th day of January, 2015, by the following vote: AYES: Mr. Montgomery, Jr., Mr. Larkin, Mr. Irwin, Mr. Darby, Mr. Williams, Mr. Free and Mr. Harvey NAYS: none ABSENT: none ABSTAIN: none ____________________________ TIMOTHY LARKIN, PRESIDENT ____________________________ PHYLLIS MCGRAW, CITY CLERK C-71-14 The following ordinance offered and adopted: ORDINANCE NO. 5 OF 2015 AN ORDINANCE APPROVING A CONDITIONAL USE AT A B-3 (GENERAL BUSINESS DISTRICT) LOCATION, 4002 BARKSDALE BOULEVARD, BOSSIER CITY, LA, FOR THE RETAIL SALES OF LOW CONTENT ALCOHOL FOR OFF PREMISE CONSUMPTION AT A FUELING ISLAND CONVENIENCE STORE. (Polestar Development) WHEREAS, Polestar Development has applied to the Bossier City-Parish Metropolitan Planning Commission for Conditional Use Approval at a B-3 location, 4002 Barksdale Boulevard, Bossier City, LA, for the retail sales of low content alcohol for off premise consumption at a fueling island convenience store, and WHEREAS, a public hearing for the application was held on December 8, 2014, and WHEREAS, the Planning Department has submitted the results of said public hearing, to the Mayor and the City Council of the City of Bossier City. THE CITY COUNCIL OF THE CITY OF BOSSIER CITY HEREBY ORDAINS: SECTION 1. That the Conditional Use for the retail sales of low content alcohol for off premise consumption at a fueling island convenience store located at 4002 Barksdale Boulevard, Bossier City, LA 71112 is hereby approved. Motion was made by Mr. Scott Irwin and seconded by Mr. Don Williams to adopt the above ordinance. Upon the following vote, the ordinance was duly adopted this 6th day of January, 2015, by the following vote: AYES: Mr. Montgomery, Jr., Mr. Larkin, Mr. Irwin, Mr. Darby, Mr. Williams, Mr. Free and Mr. Harvey NAYS: none ABSENT: none ABSTAIN: none ____________________________ TIMOTHY LARKIN, PRESIDENT ____________________________ PHYLLIS MCGRAW, CITY CLERK C-71-14 By: Mr. Irwin Motion to introduce an Ordinance ratifying and adopting the attached 2014 General Fund General Fund Budget and appropriating funds in conjunction herewith Seconded by Mr. Williams No Comment Vote in favor of motion is unanimous By: Mr. Irwin Motion to introduce an Ordinance appropriating three million one hundred fifty thousand dollars from the Utility Fund and transferred to the Riverboat Gaming Capital Projects Fund. Seconded by Mr. Williams No Comment Vote in favor of motion is unanimous By: Mr. Williams Motion to introduce an Ordinance adopting the budgetary split for all future Budgets with the Fire Operations Division at 73 percent and the Emergency Medical Services Division at 27 percent. Seconded by Mr. Free No Comment Vote in favor of motion is unanimous By: Mr. Williams Motion to introduce an Ordinance eliminating the transfer of interest from the Riverboat Gaming Trust Fund and the Public Safety and Health Fund unless absolutely necessary to balance the Budget. Seconded by Mr. Darby No Comment Vote in favor of motion is unanimous By: Mr. Montgomery, Jr. Motion to introduce an Ordinance requiring all Medicaid Supplemental Payment Funds received by the City of Bossier City to be dedicated solely to EMS Capital Expenditures. Seconded by Mr. Free No Comment Vote in favor of motion is unanimous By: Mr. Irwin Motion to introduce an Ordinance appropriating and ratifying $125,000 from the 2014 Sales Tax Capital Improvement Fund to reimburse the Bossier Parish Police Jury for shared cost on Barksdale Air Force Base Bodcau Station Road Gate. Seconded by Mr. Williams No Comment Vote in favor of motion is unanimous Resolution #1 of 2015 A RESOLUTION ADOPTING THE CITY OF BOSSIER CITY’S CURRENT INVESTMENT POLICY IN ACCORDANCE WITH LA. REVISED STATUTE R.S. 33:2955 (D) AND SECTION 16.02 (J) OF THE BOSSIER CITY CHARTER. ________________________________________________________________________ I. Introduction In accordance with the provision of R.S. 33:2955 (D) and the authority of Section 16.02 (J) of the Charter of the City of Bossier City, the Director of Finance is authorized and required to make rules and regulations and to establish administrative policies and procedures relating to the cash management and investment policies of the City. It is anticipated that this policy statement will be reviewed and evaluated on a regular basis, to ensure that the policies and procedures expressed herein are responsive to the prevailing cash management and investment environment. This policy statement must, therefore, be appropriately amended, expanded, or purged on continuing basis. II. General Policies In general, the City Of Bossier shall operate under the "Prudent Person" rule, exercising judgment and care, under the circumstances prevailing, which people of ordinary prudence would employ in the management of their own affairs - not in regard to speculation, but as to the permanent disposition of their funds, considering both income and safety of capital. The assets of the City Of Bossier shall be held in trust by the fiduciary (fiduciaries) designated by the City Of Bossier. This policy is not intended to remain static. Normally, the City Of Bossier will review this policy at least annually and, if deemed advisable, recommend changes. Recommendations from outside professionals leading to improvements in policies, procedures, and operations are always welcome. OBJECTIVES The primary investment objective of the City Of Bossier is to ensure that the Current and future obligations are adequately funded in a cost effective manner. The goals of this investment policy shall be (1) safety of principal, (2) liquidity, and (3) yield. Preservation of capital and the realization of sufficient total return to ensure the ongoing financial integrity of the funds are essential. Preservation of capital encompasses two goals:  Managing the risk of loss of principal for the fund as a whole. Managing the erosion of principal value through inflation. The City Of Bossier shall establish internal controls for any derivatives in use to ensure that the risks inherent in derivatives are adequately managed. For purposes of this policy, "derivative" means any financial instrument created from or whose value depends on the value of one or more underlying assets or indexes of asset value. RESPONSIBILITY The investment of funds shall be managed by the Comptroller, subject to the approval of the Director of Finance, and may be accomplished by the selection of an investment manager (s). The selection must be approved by the City Council in accordance with the criteria established by the Director of Finance. The investment manager (s) must acknowledge in writing his obligations as a fiduciary responsible for the investment of the City Of Bossier assets. Prospective investment managers shall be registered investment advisors with the Securities and Exchange Commission under the Investment Act of 1940 or bank trust departments regulated by the Office of the Comptroller of the Currency. GUIDELINES The assets of the City Of Bossier shall be invested, as provided in R.S.33:2955 (A) (1), as amended, in following: 1. Direct U.S. Treasury obligations, the principal and interest of which are fully guaranteed by the U.S. government. 2. Bonds, debentures, notes or other evidence of indebtedness issued or guaranteed by federal agencies and provided such obligations are backed by the full faith and credit of the U.S., including U.S. Export Import Bank, Farmers Home Administration, Federal Financing Bank, Federal Housing Administration Debentures, General Services Administration, Government National Mortgage Association (guaranteed mortgage-backed bonds and guaranteed pass-through obligations), U.S. Maritime Administration (guaranteed Title XI financing), and U.S. Department of Housing and Urban Development. 3. Bonds, debentures, notes, or other evidence of indebtedness issued or guaranteed by U.S. government instrumentalities, which are federally sponsored, including Federal Home Loan Bank System, Federal Home Loan Mortgage Corporation, Federal National Mortgage Association, Student Loan Marketing Association, and Resolution Funding Corporation. 4. Direct security repurchase agreements of any federal bank entry only securities enumerated in paragraphs (1) through (3) above. "Direct security repurchase agreement" means an agreement under which the political subdivision buys, holds for a specified time, and then sells back those securities and obligations enumerated in paragraphs (1) through (3). 5. Time certificates of deposit of state banks organized under the laws of Louisiana, or national banks having their principal offices in the state of Louisiana, savings accounts or shares of savings and loan associations and savings banks, or share accounts and share certificates accounts of federally or state chartered credit unions issuing time certificate of deposit, provided that the rate of interest paid for time certificates of deposit shall be not less than fifty basis points below the prevailing market interest rate on direct obligations of the U.S. Treasury with a similar length of maturity. Funds invested in accordance with this paragraph shall nor exceed at any time the amount insured by the Federal Deposit Insurance Corporation in any one bank, or in any one savings and loan association, or by the National Credit Union Administration in any one credit union, unless the uninsured portion is collateralized by the pledge of securities in the manner provided in R.S. 39:1221. 6. Mutual or trust fund institutions which are registered with the Securities and Exchange Commission under the Securities Act of 1933 and the Investment Act of 1940, and which have underlying investments consisting solely of and limited to securities of the U.S. government or its agencies. Investment of funds in mutual or trust fund institutions shall be limited to 25% of the monies considered available for investment as provided by R.S. 33:2955(A) (2). The Attorney General has determined that only mutual funds created as a Massachusetts business trust are acceptable investments (Op. Atty. Gen. 88-546 (A). 7. Bonds, debentures, notes, or other evidence of indebtedness issued by the State of Louisiana or any of its political subdivisions with the exception of those of the City of Bossier City. The indebtedness shall have a long-term rating of Baa3 or higher by Moody’s Investor Service, a long-term rating of BBB- or higher by the Standard and Poor Corporation or a long-term rating of BBB- or higher by Fitch, Inc., or a short-term rating of M1G1 or VM1G1 by Moody’s Investors Service, a short-term rating of A-1 or A-1+ by Standard & Poor’s, or a short-term rating of F1 of F1+ by Fitch, Inc, and have a final maturity of no more than three years, except that such three year limitation shall no apply to (a) funds held by a trustee, escrow agent, paying agent, or other third party custodian in connection with a bond issue or (b) investment of funds held by either a hospital service district, a governmental 501(c)(3), or a public trust authority. 8. Bonds, debentures, notes, or other indebtedness issued by a state of the United States of America other than Louisiana or any such state’s political subdivisions provided that all of the following conditions are met: (i) The indebtedness has a minimum rating of A3 or Higher by Moody’s Investors Service or a rating of A- or higher by the Standard and Poor Corporation or a rating of A- or higher by Fitch, Inc., or a short-term rating of M1G1 or VM1G1 by Moody’s Investor Service, a short-term rating of A-1 of A-1+ by Standard & Poor’s, or a short-term rating of F1 of F!+ by Fitch, Inc. (ii) The indebtedness has a final maturity of no more than three years, except that such three-year limitation shall not apply to funds held by a trustee, escrow agent, paying agent, or other third-party custodian in connection with a bond issue nor to investment of funds held by either a hospital service district, a governmental 501(c)(3) organization, or a public trust authority, (iii) Prior to purchase of any such indebtedness and at all times during which such indebtedness is owned, the purchasing Louisiana political subdivision retains the services of an investment advisor registered with the United States Security and Exchange Commission. The City of Bossier City shall also include in the footnotes to the Consolidated Annual Financial Report the disclosures required by Governmental Accounting Standards Board Statements 3 and 40. These footnotes shall address the common deposit and investments risks related to credit risk, concentration of credit risk, interest rate risk and foreign currency risk. BE IT RESOLVED that the Investment Policy referenced herein is hereby adopted. The above and foregoing resolution read in full at open and legal session convened, was on motion of Mr. David Montgomery, Jr., seconded by Mr. Don Williams, and adopted on the6th day of January, 2015, by the following vote: AYES: Mr. Montgomery, Jr., Mr. Larkin, Mr. Irwin, Mr. Darby, Mr. Williams, Mr. Free and Mr. Harvey NAYS: none ABSENT: none ABSTAIN: none _______________________________ ___________________________ Timothy Larkin, President Phyllis McGraw, City Clerk The following Resolution offered and adopted: Resolution No. 2 Of 2015 A RESOLUTION AUTHORIZING THE HIRING OF A DATA COMMUNICATIONS TECHNICIAN FOR THE DEPARTMENT OF FINANCE IN THE INFORMATION SERVICES DIVISION. ________________________________________________________________________ WHEREAS, Ordinance No. 2 of 2010 implemented a hiring, promotion and salary freeze requiring Bossier City Council approval for the hiring, promotion and salary increases of any personnel; WHEREAS, one vacancy now exists in the Information Services Division due to the transfer of a Data Communications Technician. Therefore the position of Data Communications Technician will be filled utilizing the existing budget allocation. NOW, THEREFORE, BE IT RESOLVED by the City Council of Bossier City, Louisiana, in regular and legal session convened, that the administration is authorized to hire or promote a person to fill the position of Data Communications Technician and fill any vacancies created within the Information Services Division as a result of this vacancy subject to the currently adopted operating budget constraints.  The above and foregoing Resolution was read in full at open and legal session convened, was on motion of Mr. Jeffery Darby, and seconded by Mr. Don Williams, and adopted on the 6th day of January, 2015, by the following vote: AYES: Mr. Montgomery, Jr., Mr. Larkin, Mr. Irwin, Mr. Darby, Mr. Williams, Mr. Free and Mr. Harvey NAYS: none ABSENT: none ABSTAIN: none _______________________ Tim Larkin, President _______________________ Phyllis McGraw, City Clerk By: Mr. Darby Motion to reappoint Ray Tromba to the Shreveport-Bossier Convention and Tourist Commission as a representative for the City of Bossier City. Effective January 1, 2015 and expires December 31, 2017 Seconded by Mr. Free No Comment Vote in favor of motion is unanimous By: Mr. Darby Motion to let the record show that Police Officer Charles Bridges was elected to serve as the Police Representative on the Bossier City Municipal Fire and Police Civil Service Board to fill an unexpired term ending March 6, 2015 according to Civil Service Law, L.R.S. Title 33, Section 2471, (2), 1, an official record of service shall be placed in the official minutes of the Bossier City Council Seconded by Mr. Montgomery, Jr. No Comment Vote in favor of motion is unanimous By: Mr. Irwin Motion to approve Report of Change Order for Walking Trail on ART Parkway @ Union Pacific, an increase of $21, 519.61. Total of Contract with Change Order $199,273.11. Seconded by Mr. Williams No Comment Vote in favor of motion is unanimous By: Mr. Montgomery, Jr. Motion to approve of 1st and Final Change Order for 2014 Asphalt Street Program a decrease of $67,640.40. Total Contract with Change Order $409,356.80. Seconded by Mr. Williams No Comment Vote in favor of motion is unanimous Bossier City, Louisiana January 6, 2015  The City Council of the City of Bossier City, Louisiana met in regular public session at 3:00 o’clock p.m. on Tuesday, January 6, 2015, at the regular meeting place of said City Council in the Council Chambers located at 620 Benton Road, Bossier City, Louisiana, pursuant to the provisions of written notice given to each and every member thereof and duly posted in the manner required by law. Timothy Larkin, Council President, called the meeting to order and on roll call, the following members were present: Mr. Montgomery, Jr., Mr. Larkin, Mr. Irwin, Mr. Darby, Mr. Williams, Mr. Free and Mr. Harvey ABSENT: none Lorenz “Lo” Walker, Mayor, and Phyllis McGraw, Clerk of the Council, also attended. The meeting was called to order and the roll called with the above results. The following resolution was thereupon introduced, and pursuant to a motion made by Mr. Don Williams and seconded by Mr. David Montgomery, Jr., was adopted by the following vote: YEAS: Mr. Montgomery, Jr., Mr. Larkin, Mr. Irwin, Mr. Darby, Mr. Williams, Mr. Free and Mr. Harvey NAYS: none RESOLUTION NO. 3 OF 2015 A RESOLUTION DECLARING THE INTENTION OF THE CITY OF BOSSIER CITY (THE “CITY”) TO PROCEED WITH A FINANCING IN AN AMOUNT NOT TO EXCEED TWENTY MILLION AND NO/100 DOLLARS ($20,000,000) FOR THE PURPOSE OF FINANCING COSTS OF ADDITIONS, ACQUISITIONS, REPAIRS AND/OR EXPANSIONS NEEDED TO MAINTAIN CITY OWNED WORKS OF PUBLIC IMPROVEMENT, AND PAY COSTS OF ISSUANCE OF THE BONDS; AND OTHERWISE PROVIDING WITH RESPECT THERETO. WHEREAS, by prior resolution, the City of Bossier City, State of Louisiana (the “City”) became a participating political subdivision and member of the Louisiana Local Government Environmental Facilities and Community Development Authority (the “Authority”); and WHEREAS, the City desires to proceed with a financing through the Authority in an amount not to exceed TWENTY MILLION AND NO/100 Dollars ($20,000,000) in a manner and structure to be determined by subsequent resolution or ordinance, to finance additions, acquisitions, repairs and/or expansions needed to maintain City owned works of public improvement and pay costs of issuance of the bonds, including the cost of any bond insurance policy insuring the bonds (the “Project”);  NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Bossier City, Louisiana, as follows: SECTION 1. The City is authorized to proceed with a financing through the Authority in an amount not to exceed Twenty Million and No/100 Dollars ($20,000,000), represented by the issuance of the Authority’s bonds on behalf of the City (the “Bonds”) to provide funds to finance the Project. The Authority’s Bonds authorized herein may be issued on a taxable and/or tax-exempt basis. SECTION 2. The structure, terms and conditions of any such borrowing by the City shall be determined by subsequent resolution or ordinance of the City Council, provided, however, that the term of said borrowing shall not exceed thirty (30) years from their date of issuance and shall bear interest at a rate or rates not to exceed 6% per annum, to be issued in one or more series. SECTION 3. Prior to issuance of the Bonds, the City anticipates that it may pay a portion of the costs of the Project from other available funds. Upon issuance of the Bonds, the City reasonably expects to reimburse said expenditures from the proceeds of the Bonds. Any such allocation of the proceeds of the Bonds for reimbursement will be made with respect to the capital expenditures (as defined in Treasury Regulation 1.150-1 (h) and will be made upon the delivery of the Bonds and not later than one year after the date of (i) the date such expenditure was made or (ii) the date improvements were placed in service. This resolution is intended to be a declaration of intent to reimburse in accordance with the provisions of the Treasury Regulation 1.150-2. SECTION 4. The City hereby finds and determines that a real necessity exists for employment of special bond counsel in connection with the issuance of the Bonds, and accordingly Joseph A. Delafield, A Professional Corporation (“Bond Counsel”) of Lake Charles, Louisiana, is hereby employed (such employment to be by the Authority) to do and perform comprehensive legal and coordinate professional work with respect to the issuance of the Bonds. Said Bond Counsel shall prepare and submit to such officials of the City for adoption all proceedings incidental to, and shall counsel and advise the Mayor and City Council on the issuance and sale of, the Bonds by the Authority. The fee of Bond Counsel is contingent upon issuance, sale and delivery of the Bonds, and shall be in accordance with 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 reimbursement of out-of-pocket expenses incurred and advanced in connection with issuance of the Bonds, said fee to be subject to the Attorney General’s written approval of said employment and fee to be paid with Bond proceeds. SECTION 5. The City Council hereby authorizes and directs its Mayor and Clerk of the Council and such other officials of the City to do any and all things necessary and incidental to carry out the provisions of this resolution. SECTION 6. Upon sale of the Bonds, the Mayor and/or the City Clerk of the Issuer, as Executive Officers, are each authorized, empowered and directed to execute on behalf of the City, the Bond Purchase Agreement in form as may be approved by Bond Counsel to the City. The Mayor and/or City Clerk be and they are further authorized, empowered, and directed to execute on behalf of the City, at or about the time of execution of the Bond Purchase Agreement, any and all other documents deemed necessary by Bond Counsel to the City, in order to effectuate issuance, sale and delivery of the Bonds. SECTION 7. If any provision or item of this resolution or the application thereof is held invalid, such invalidity shall not affect other provisions, items or applications of this resolution which can be given effect without the invalid provisions, items or applications, and to this end, the provisions of this resolution are hereby declared to be severable. SECTION 8. The selection of Government Consultants, Inc. as financial advisor in connection with issuance and sale of the Bonds, is hereby authorized. SECTION 9. By virtue of the 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. BE IT FURTHER RESOLVED that all resolutions in conflict herewith are hereby repealed. ADOPTED AND APPROVED this 6th day of January, 2015.  Timothy Larkin, President ATTEST: PHYLLIS McGRAW Clerk of the Council (Other business not pertinent to the present excerpt may be found of record in the official minute book.) Upon motion duly made and unanimously carried, the meeting was adjourned. Timothy Larkin, President ATTEST: PHYLLIS McGRAW Clerk of the Council STATE OF LOUISIANA PARISH OF BOSSIER I, PHYLLIS McGRAW, certify that I am the duly qualified and acting Clerk of the City Council of Bossier City, Louisiana. I further certify that the foregoing is a true and correct copy of an excerpt from the minutes of a regular meeting of the City Council, held on January 6, 2015, and of a resolution adopted at said meeting, as said minutes and resolution appear officially of record in my possession. IN FAITH WHEREOF, witness my official signature and the impress of the official seal of the City of Bossier City, Louisiana, on this 6th day of January, 2015. PHYLLIS McGRAW, Clerk of Council By: Mr. Darby Motion to approve Parade Fee Waiver for Second Annual North Louisiana March for Life January 17, 2015. Seconded by Mr. Free No Comment Vote in favor of motion is unanimous There being no further business to come before this Council, meeting adjourned at 3:28 PM by Mr. Larkin Respectfully submitted: Phyllis McGraw City Clerk Publish: January 14, 2015 Bossier Press Tribune