City Council

PROCEEDINGS OF THE CITY COUNCIL OF BOSSIER CITY STATE OF LOUISIANA TAKEN AT A REGULAR MEETING MARCH 16, 2021 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, March 16, 2021 at 3:00 PM Invocation was given by Council Member Scott Irwin Pledge of Allegiance led by Council Member Don Williams Roll Call as follows: Present: Honorable, President David Montgomery, Jr., Honorable Councilors Timothy Larkin, Scott Irwin, Jeffery Darby (virtual), Don Williams and Thomas Harvey Absent: Honorable Councilor Jeff Free Also Present: Mayor, Lorenz Walker, City Attorney, Jimmy Hall and City Clerk, Phyllis McGraw City Clerk, Phyllis McGraw, read statement about where to watch meetings online, that some Council members may be joining remotely and gave a phone number for members of the public wishing to comment on items in the meeting could do so. Hearing no comments from the public watching virtually, the meeting continued. By: Mr. Irwin Motion to approve Minutes of the March 2, 2021, Regular Meeting and dispense with the reading Seconded by Mr. Larkin No comment Vote in favor of motion is unanimous By: Mr. Williams Motion to approve Agenda. Seconded by Mr. Irwin No comment Vote in favor of motion is unanimous Ceremonial Matters/Recognition of Guests – Mayor Walker presented plaques to the Bossier City Finance Department from Government Finance Officers of the United States and Canada for Excellence in Financial Reporting for 2019. The City has been awarded this designation for 39 years. Mr. Montgomery stated that this was validation that the City of Bossier reports clear accurate and timely financial information. Bids – None Unfinished Business – The following Ordinance offered and adopted: Ordinance No. 22 Of 2021 ADOPT AN ORDINANCE TO RE-APPROPRIATE $250,000.00 FROM THE SALES TAX CAPITAL IMPROVEMENT FUNDS TO THE 2021 STREETS AND DRAINAGE REPAIR PROJECT  WHEREAS, the City is has within its jurisdiction has street and drainage projects that require immediate repair or correction; and WHEREAS, the City request the re-appropriation of $250,000.00 to come from the Sales Tax Capital Improvements Fund, the city hereby request a transfer of funds to the 2021 Streets and Drainage Repair Project; and, NOW, THEREFORE, BE IT ORDAINED by the City Council of Bossier City, Louisiana, in regular session convened, that the Bossier City Council does hereby approve an ordinance to re-appropriate $250,000.00.00 to come from the Sales Tax Capital Improvement Funds and transfer to the 2021 Streets and Drainage Repair Project. The above and foregoing Ordinance was read in full at open and legal session convened, was on motion of Mr. Don Williams, seconded by Mr. Timothy Larkin, and adopted on the 16th, day of March, 2021, by the following vote: AYES: Mr. Montgomery, Jr., Mr. Larkin, Mr. Irwin, Mr. Darby, Mr. Williams and Mr. Harvey NAYS: none ABSENT: Mr. Free ABSTAIN: none ___________________________ David Montgomery, Jr., President ____________________________ Phyllis McGraw, City Clerk The following Ordinance offered and adopted: ORDINANCE NO. 23 OF 2021 AN ORDINANCE TO APPROPRIATE $1,200,000 IN SURPLUS FUNDS FROM ORDINANCE 48 OF 2019 AND 147 OF 2019 TOWARDS ADDITIONAL IMPROVEMENTS AT CITY RECREATION AREAS. WHEREAS; Ordinance No. 48 of 2019 and 147 of 2019 appropriated $6,151,000 for improvements at recreation areas; and WHEREAS; due to the outstanding management of these funds by the Bossier City Parks and Recreation Department there is a $1,200,000 surplus in funding available for additional improvements at City recreation areas; and  WHEREAS; the existing restroom facility at the Clifford Almond Park has reached it’s intended service life and is in need of replacement; and WHEREAS; $600,000 of the available $1,200,000 surplus funds will be used to construct a new restroom facility at the Clifford Almond Park; and WHEREAS; there is need for an ADA restroom facility and other enhancements at the Tinsley Ballfields; and WHEREAS; Ordinance No. 8 of 2019, that appropriated $14 Million to come from the 2018 LCDA Bond Fund for the design, development, and construction of Tinsley Park Baseball improvements, will be amended to include an additional $600,000 of the available $1,200,000 surplus funds for a total of $14,600,000; and WHEREAS; the $600,000 amendment to Ordinance No. 8 of 2019 will be used for the ADA restroom facility and other enhancements; and WHEREAS; the total project costs for the Tinsley Park Baseball improvements, including an increase in Contract price to Testament Construction Services, LLC via Change Order No. 3 in the amount of $59,603.67 and Change Order No. 4 in the amount of $293,325.15 for the ADA restroom facility and other enhancements, included as part of this Ordinance, will leave a surplus of funds in Ordinance 8 of 2019 of 400,000 for use towards additional improvements; and WHEREAS; eighty-nine (89) additional days will be added to the contract with Testament Construction Services, LLC via Change Order No. 3 and 4 for the referenced improvements to the Tinsley Park Baseball fields as part of this Ordinance. NOW, THEREFORE, BE IT RESOLVED, in regular session convened that the City Council of Bossier City, Louisiana, agrees to appropriate $1,200,000 in surplus funds from Ordinance No. 48 of 2019 and 147 of 2019 towards additional improvements at City recreation areas. These improvements will include $600,000 towards a new restroom at Clifford Almond Park and $600,000 via amendment to Ordinance 8 of 2019 for an additional ADA restroom facility and other enhancements at the Tinsley Park Baseball fields. Additionally, the City Council of Bossier City, Louisiana, agrees to amend the Construction Contract with Testament Construction Services, LLC for an increase in price of $352,928.82 and an increase of eighty-nine (89) days, and that even with these increases there will be a surplus of $400,000 in funding for use towards additional improvements.  The above and foregoing Ordinance was read in full at open and legal session convened, was on motion of Mr. Timothy Larkin, and seconded by Mr. Don Williams, and adopted on the 16th day of March, 2021, by the following vote: AYES: Mr. Montgomery, Jr., Mr. Larkin, Mr. Irwin, Mr. Darby, Mr. Williams and Mr. Harvey NAYS: none ABSENT: Mr. Free ABSTAIN: none _____________________________________ David Montgomery, Jr., President ______________________________________ Phyllis McGraw, City Clerk The following Ordinance offered and adopted: Ordinance No. 24 Of 2021 AN ORDINANCE AUTHORIZING MAYOR LORENZ WALKER TO EXECUTE THE ATTACHED REVISED COOPERATIVE ENDEAVOR AGREEMENT BETWEEN THE CITY OF BOSSIER CITY AND THE VETERANS AFFAIRS WHEREAS, previously there was a cooperative endeavor agreement between the City of Bossier City and the Veterans Affairs; and WHEREAS, updates have been made to the previous contract as reflected in the cooperative endeavor agreement attached hereto; and NOW, THEREFORE, BE IT ORDAINED by the City Council of Bossier City, Louisiana, in regular session convened, that Mayor Lorenz Walker, on behalf of the City of Bossier City is hereby authorized to execute the attached revised cooperative endeavor agreement between the City of Bossier City and the Veterans Affairs. The above and foregoing Ordinance was read in full at open and legal session convened, was on motion of Mr. Thomas Harvey, and seconded by Mr. Timothy Larkin, and adopted on the 16th, day of March, 2021, by the following vote: AYES: Mr. Montgomery, Jr., Mr. Larkin, Mr. Irwin, Mr. Darby, Mr. Williams and Mr. Harvey NAYS: none ABSENT: Mr. Free ABSTAIN: none ______________________________ __________________________ David Montgomery, Jr., President Phyllis McGraw, City Clerk The following Ordinance offered and adopted: Ordinance No. 25 Of 2021 TITLE: ADOPT AN ORDINANCE TO FUND THE WATER LINE RELOCATION AT GREENACRES OFFICE PARK IN PREPARATION FOR WALTER O. BIGBY CARRIAGEWAY PHASE II AT A COST OF $600,000.00 TO COME FROM THE WATER CAPITAL & CONTINGENCY FUND WHEREAS, the City is recommending relocating 20” water line due to the existing water line conflicting with the DOTD drainage requirements for Walter O. Bigby Carriageway. WHEREAS, $600,000.00 will come from the Water Capital & Contingency Fund NOW, THEREFORE, BE IT ORDAINED by the City Council of Bossier City, Louisiana, in regular session convened, that the Bossier City Council does hereby approve an ordinance to appropriate $600,000.00 to come from the Water Capital & Contingency Fund to relocate 20” water line at Greenacres Office Park. The above and foregoing Ordinance was read in full at open and legal session convened, was on motion of Mr. Scott Irwin, and seconded by Mr. Timothy Larkin, and adopted on the 16th, day of March, 2021, by the following vote: AYES: Mr. Montgomery, Jr., Mr. Larkin, Mr. Irwin, Mr. Darby, Mr. Williams and Mr. Harvey NAYS: none ABSENT: Mr. Free ABSTAIN: none ____________________________ David Montgomery, President ____________________________ Phyllis McGraw, City Clerk The following ordinance having been introduced at a duly convened meeting on March 2, 2021, notice of its introduction having been published in the official journal and notice of its introduction having been published, as required by Section 3.14 of the City Charter, was offered for final adoption by Mr. Don Williams and seconded by Mr. Timothy Larkin: ORDINANCE NO. 26 OF 2021 AN ORDINANCE AUTHORIZING THE CITY OF BOSSIER CITY, STATE OF LOUISIANA, TO PROCEED WITH A NOT TO EXCEED $50,000,000 FINANCING THROUGH THE LOUISIANA LOCAL GOVERNMENT ENVIRONMENTAL FACILITIES AND COMMUNITY DEVELOPMENT AUTHORITY FOR THE PURPOSE OF REFUNDING CERTAIN BONDS OF THE AUTHORITY AND PROVIDING FOR OTHER MATTERS IN CONNECTION THEREWITH.  WHEREAS, Chapter 10-D of Title 33 of the Louisiana Revised Statutes of 1950, as amended, comprised of La. R.S. 33:4548.1 through 33:4548.16, inclusive, is known as the Louisiana Local Government Environmental Facilities and Community Development Authority Act (the "Act"); and WHEREAS, the City of Bossier City, State of Louisiana (the "City) is a participating political subdivision of the Louisiana Local Government Environmental Facilities and Community Development Authority (the "Authority") in accordance with the Act; and WHEREAS, pursuant to the provisions of the Act, and other constitutional and statutory authority, the Authority has heretofore issued its Revenue Bonds (City of Bossier City Public Improvement Projects), Series 2010B (Taxable Direct Pay Build America Bonds) (the "Series 2010B Bonds"), of which $45,905,000 is currently outstanding; and WHEREAS, the Authority loaned the proceeds of the Series 2010B Bonds to the City pursuant to a Loan Agreement dated as of October 1, 2010 by and between the Authority and the City; and WHEREAS, this City Council of the City of Bossier City, State of Louisiana (the "Governing Authority" ), acting as governing authority of the City, has determined that it is in the City’s best interest to request the Authority to authorize, sell and issue the Authority's not to exceed Fifty Million Dollars ($50,000,000) Revenue Refunding Bonds (City of Bossier City, Louisiana Project) (the "Bonds"), in one or more series, the proceeds of which will be loaned by the Authority to the City (the "Loan") pursuant to the provisions of a Loan and Assignment Agreement by and between the Authority and the City (the "Loan Agreement"), which Loan proceeds will be used by the City to (i) refund all or a portion of the Series 2010B Bonds and (ii) pay the costs of issuance of the Bonds (collectively, the "Project"); and WHEREAS, for the payment and security of the Bonds, the Loan Agreement will provide for a pledge by the City of the 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 City, 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 (such amounts being the "Lawfully Available Funds"), thereby obligating the City to pay to the Authority amounts necessary to allow the Authority to make principal and interest payments on the Bonds; NOW, THEREFORE, BE IT ORDAINED by the City Council of the City of Bossier City, State of Louisiana, acting as governing authority of the City of Bossier City, State of Louisiana, that: SECTION 1. The City hereby requests that the Authority authorize and issue the Authority's Revenue Refunding Bonds (City of Bossier City, Louisiana Project) (the "Bonds"), in one or more series in an aggregate principal amount not to exceed $50,000,000, the proceeds of which shall be loaned to the City pursuant to the Loan Agreement and will be used by the City to finance the Project. SECTION 2. The Bonds shall be issued and sold by the Authority only as fully registered bonds in the denominations of $5,000 or any integral multiple in excess thereof. The Bonds shall mature not later than November 1, 2040 (the final maturity of the Series 2010B Bonds) and shall bear interest at a rate not to exceed five percent (5%) per annum. SECTION 3. The selection by the Authority of Stifel, Nicolaus & Company, Baton Rouge, Louisiana (the ''Purchaser") as purchaser of the Bonds is hereby acknowledged and approved by the Governing Authority, provided that the Purchaser's proposal does not exceed the parameters set forth in Section 2 above, and the Mayor and the City Clerk and/or the President of the Governing Authority are hereby authorized to execute the Bond Purchase Agreement and other City Documents, as described in Section 4 hereof, in order to evidence such approval. SECTION 4. The form and terms of the Loan Agreement, the Bond Purchase Agreement, the Continuing Disclosure Certificate, the Escrow Deposit Agreement and all other ancillary documents necessary or required in connection with the Bonds (the "City Documents") are hereby authorized and approved in the forms approved by bond counsel to the Authority. The Loan Agreement shall obligate the City to pay to the Authority amounts necessary from Lawfully Available Funds to allow the Authority to make principal and interest payments on the Bonds and to secure the payment thereof. The City does hereby irrevocably and irrepealably pledge and dedicate its Lawfully Available Funds in an amount sufficient for the payment of its obligations pursuant to the Loan Agreement. It is the intention of the City that, to the fullest extent permitted by law, this pledge shall be valid and binding from the time when it is made, that its Lawfully Available Funds so pledged and then or thereafter received by the City shall immediately be subject to the lien of such pledge without any physical delivery or further act, and that the lien of such pledge and the obligation to perform the contractual agreements contained herein and in the Loan Agreement shall have priority over any or all other obligations and liabilities of the City in accordance with the terms of the Loan Agreement, and that this pledge shall be valid and binding against all parties having claims of any kind in tort, contract or otherwise against the City, irrespective of whether such parties have notice thereof. The City’s Lawfully Available Funds shall be and remain pledged for the security and payment of the Bonds in principal and interest until the Bonds shall have been fully paid and discharged. SECTION 5. The execution and delivery of a Preliminary Official Statement and an Official Statement, in the forms approved by bond counsel and the municipal advisor to the Authority, are hereby approved. SECTION 6. The Mayor and the City Clerk and/or the President of the Governing Authority are hereby authorized and directed to execute any and all documents and take all further action necessary or reasonably required to effect the Loan from the Authority evidenced by the Loan Agreement and are specifically authorized to approve any changes to the Loan Agreement and all other ancillary documents approved by counsel to the City and bond counsel to the Authority, such approval to be conclusively evidenced by their execution hereof.  SECTION 7. The City covenants and agrees that, to the extent permitted by the laws of the State of Louisiana, it will comply with the requirements of the Internal Revenue Code of 1986 and any amendments thereto (the "Code") to establish, maintain and preserve the exclusion from "gross income" of interest on the tax-exempt Bonds under the Code. The City further covenants and agrees that it will not take any action, fail to take any action or permit any action within its control to be taken, or permit at any time or times any of the proceeds of the Bonds or any other funds of the City to be used directly or indirectly in any manner, the effect of which would be to cause the Bonds to be "arbitrage bonds" or would result in inclusion of interest on any Bonds in gross income under the Code, including, without limitation, (i) the failure to comply with the limitation on investment of Bond proceeds; or (ii) the failure to pay any required rebate of arbitrage earnings to the United State of America; or (iii) use of Bond proceeds in a manner that would cause the Bonds to be "private activity bonds." SECTION 8. The Authority is hereby requested to take all actions necessary to issue and sell the Bonds. SECTION 9. The Mayor and the City Clerk and/or the President of the Governing Authority are hereby authorized and directed to do any and all things necessary and incidental to carry out the provisions of this Ordinance and effect the completion of the Project and to assist the Authority in carrying out its functions in connection with the financing. SECTION 10. This Ordinance shall be in full force and effect ten (10) days from the date of its publication. The above and foregoing Ordinance, read in full at open and legal session convened, was on motion of Mr. Don Williams and seconded by Mr. Timothy Larkin, and adopted on the 16th day of March, 2021 by the following vote: YEAS: Mr. Montgomery, Jr., Mr. Larkin, Mr. Irwin, Mr. Darby, Mr. Williams and Mr. Harvey NAYS: none ABSENT: Mr. Free ABSTAIN: none And the Ordinance was declared adopted on this, the 16th day of March, 2021. _______________ City Clerk President The following ordinance having been introduced at a duly convened meeting on March 2, 2021, notice of its introduction having been published in the official journal and notice of its introduction having been published, as required by Section 3.14 of the City Charter, was offered for final adoption by Mr. Timothy Larkin and seconded by Mr. Don Williams: ORDINANCE NO. 27 OF 2021 AN ORDINANCE AUTHORIZING THE ISSUANCE OF NOT EXCEEDING ONE HUNDRED THIRTY MILLION DOLLARS ($130,000,000) OF TAXABLE UTILITIES REVENUE REFUNDING BONDS, SERIES 2021, OF THE CITY OF BOSSIER CITY, STATE OF LOUISIANA, IN ACCORDANCE WITH THE TERMS OF THE GENERAL  BOND ORDINANCE ADOPTED ON JULY 6, 2010; PROVIDING FOR THE SALE OF SUCH BONDS; AND PROVIDING FOR OTHER MATTERS IN CONNECTION THEREWITH. WHEREAS, the City of Bossier City, State of Louisiana (the "City"), now owns and operates waterworks and wastewater systems (collectively, the "System") as a combined revenue- producing work of public improvement; and WHEREAS, on July 6, 2010, this City Council of the City of Bossier City, State of Louisiana (the "Governing Authority") adopted General Bond Ordinance No. 67 of 2010 entitled: "A General Bond Ordinance authorizing the issuance from time to time of Wastewater Revenue Bonds of the City of Bossier City, State of Louisiana; prescribing the form, and certain terms and conditions of said Bonds; establishing funds and accounts relating to said Bonds; providing for the payment thereof in principal and interest; and providing for other matters in connection therewith" (the "General Bond Ordinance"), which authorizes the issuance of utilities revenue bonds and utilities revenue refunding bonds from time to time for the purposes described therein; and WHEREAS, the City currently has outstanding the following bonds payable from a pledge and dedication of the net revenues of the System: i. Utilities Revenue Bonds, Series 2010 (the "Series 2010 Bonds"), dated November 1, 2010, issued in the original principal amount of $22,000,000 pursuant to the General Bond Ordinance and the First Supplemental Bond Ordinance No. 89 of 2010 adopted by the Governing Authority on September 21, 2010, as amended and supplemented by Supplemental Resolution No. 44 of 2010 adopted by the Governing Authority on November 2, 2010 (collectively, the "First Supplemental Ordinance"); ii. Utilities Revenue Refunding Bonds, Series 2010 (the "Series 2010 Refunding Bonds"), dated December 15, 2010, issued in the original principal amount of $13,500,000 pursuant to Ordinance No. 101 of 2010 adopted by the Governing Authority on October 5, 2010, as amended and supplemented by Resolution No. 47 of 2010 adopted by the Governing Authority on November 16, 2010; iii. Taxable Utilities Revenue Bonds, Series 2014 (the "Taxable Series 2014 Bonds"), dated August 28, 2014, issued in the original principal amount of $10,000,000 pursuant to the General Bond Ordinance and the Second Supplemental Bond Ordinance No. 38 of 2014 adopted by the Governing Authority on May 6, 2014 (the "Second Supplemental Ordinance"); iv. Utilities Revenue Bonds, Series 2014 (the "Series 2014 Bonds"), dated August 12, 2014, issued in the original principal amount of $22,000,000 pursuant to the General Bond Ordinance and the Third Supplemental Bond Ordinance No. 56 of 2014 adopted by the Governing Authority on July 15, 2014 (the "Third Supplemental Ordinance"); v. Utilities Revenue Refunding Bonds, Series 2014 (the "Series 2014 Refunding Bonds"), dated October 14, 2014, issued in the original principal amount of $114,070,000 pursuant to the General Bond Ordinance and the Fourth  Supplemental Bond Ordinance No. 73 of 2014 adopted by the Governing Authority on September 9, 2014 (the "Fourth Supplemental Ordinance"); vi. Taxable Utilities Revenue Bonds, Series 2016 (the "Series 2016 Bonds"), dated June 22, 2016, issued in the original principal amount of $10,000,000 pursuant to the General Bond Ordinance and the Fifth Supplemental Bond Ordinance No. 45 of 2016 adopted by the Governing Authority on May 3, 2016 (the "Fifth Supplemental Ordinance"); vii. Taxable Utilities Revenue Bonds, Series 2017 (the "Series 2017 Bonds"), dated October 27, 2017, issued in the original principal amount of $13,000,000 pursuant to the General Bond Ordinance and the Sixth Supplemental Bond Ordinance No. 108 of 2017 adopted by the Governing Authority on September 5, 2017 (the "Sixth Supplemental Ordinance"); viii. Taxable Utilities Revenue Bonds, Series 2020 (the "Series 2020 Bonds"), dated April 1, 2020, issued in the original principal amount of $8,000,000 pursuant to the General Bond Ordinance and the Seventh Supplemental Bond Ordinance No. 19 of 2020 adopted by the Governing Authority on February 18, 2020 (the "Seventh Supplemental Ordinance"); WHEREAS, the General Bond Ordinance, as supplemented and amended by the First Supplemental Ordinance, the Second Supplemental Ordinance, the Third Supplemental Ordinance, the Fourth Supplemental Ordinance, the Fifth Supplemental Ordinance, the Sixth Supplemental Ordinance and the Seventh Bond Supplemental Ordinance, is collectively referred to herein as the "Bond Ordinance," and capitalized terms used but not defined herein shall have the meaning given such terms in the Bond Ordinance; and WHEREAS, the City has found and determined that the refunding of all or a portion of the Series 2014 Bonds and Series 2014 Refunding Bonds (such Series 2014 Bonds and Series 2014 Refunding Bonds being refunded are hereinafter referred to collectively as the "Refunded Bonds"), would be financially advantageous to the City; and WHEREAS, pursuant to Part II of Chapter 4 of Subtitle II of Title 39 of the Louisiana Revised Statutes of 1950, as amended, and other constitutional and statutory authority (the "Act"), it is now the desire of this Governing Authority to adopt this ordinance to provide for the issuance of not exceeding One Hundred Thirty Million Dollars ($130,000,000) of its Taxable Utilities Revenue Refunding Bonds, Series 2021 (the "Bonds"), for the purpose of (i) refunding the Refunded Bonds, (ii) paying the cost of a reserve fund surety, if required, and (iii) paying the costs of issuance of the Bonds, and to sell the Bonds to the purchaser thereof; and WHEREAS, after the delivery of the Bonds, the City will have no outstanding bonds or other obligations of any kind or nature payable from or enjoying a lien on the net revenues of the System, EXCEPT (i) any unrefunded Series 2014 Bonds, (ii) any unrefunded Series 2014 Refunding Bonds, (iii) the Series 2010 Bonds, (iv) the Series 2010 Refunding Bonds, (v) the Taxable Series 2014 Bonds, (vi) the Series 2016 Bonds, (vii) the Series 2017 Bonds and (viii) the Series 2020 Bonds (collectively, the "Outstanding Parity Bonds"); and WHEREAS, the State Bond Commission approved the issuance of the Bonds at its meeting held on April 16, 2020; NOW, THEREFORE, BE IT ORDAINED by the City Council of the City of Bossier City, State of Louisiana, acting as governing authority of the City of Bossier City, State of Louisiana, that: SECTION 3. Authorization and Sale of Bonds. This Ordinance authorizes a series of bonds of the City to be designated "Taxable Utilities Revenue Refunding Bonds, Series 2021, of the City of Bossier City, State of Louisiana"; provided, however, that said designation may change in the event the Bonds are delivered after calendar year 2021 or the tax status of the Bonds changes. The Bonds shall be issued pursuant to and in accordance with the terms of the Bond Ordinance, shall bear interest at rates of interest per annum not exceeding 5% per annum, shall mature not later than October 1, 2043, and shall become due and payable and mature on October 1 of the years and in the amounts as set forth in the Bond Purchase Agreement between the City and the Underwriter (as hereinafter defined). The Bonds are hereby authorized to be sold to Stifel, Nicolaus & Company Incorporated, of Baton Rouge, Louisiana (the "Underwriter"), and the Executive Officers, or any of them, are hereby authorized to execute a Bond Purchase Agreement in substantially the form attached hereto as Exhibit A, provided that the sale of the Bonds (i) is within the parameters set forth above in this Section and (ii) produces minimum net present value savings (after payment of all costs) in excess of the Minimum Present Value Savings to Refund guidelines of the State Bond Commission. The Bond Purchase Agreement may provide for the purchase of a reserve fund surety in the event any Executive Officers, on behalf of the City, find and determine that the purchase of such surety will be of benefit. In such event, the Executive Officers are hereby authorized to execute all documents and agreements necessary and appropriate in connection with obtaining and securing the reserve fund surety. SECTION 4. Preliminary Official Statement. The City hereby authorizes the preparation of the Preliminary Official Statement pertaining to the Bonds and approves its use by the Underwriter in connection with the sale of the Bonds. SECTION 5. Authorization of Escrow Securities. Any subscription or commitment for the purchase of securities to be deposited in escrow upon delivery of the Bonds, including but not limited to Treasury Securities – State and Local Government Series and/or open market securities, is hereby approved to the extent necessary for the purposes set forth herein. SECTION 6. 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 Ordinance. SECTION 7. Effective Date. This Ordinance shall be in full force and effect ten (10) days from the date of its publication. The above and foregoing Ordinance, read in full at open and legal session convened, was on motion of Mr. Timothy Larkin and seconded by Mr. Don Williams, and adopted on the 16th day of March, 2021 by the following vote: AYES: Mr. Montgomery, Jr., Mr. Larkin, Mr. Irwin, Mr. Darby, Mr. Williams and Mr. Harvey NAYS: none ABSENT: Mr. Free ABSTAIN: none And the Ordinance was declared adopted on this, the 16th day of March, 2021. _______________________ City Clerk President New Business – Agenda Item called - Introduce an Ordinance appropriating Fifteen Thousand and No/100 ($15,000.00) from the 2021 Hotel/Motel Taxes Fund and payable to Shreveport-Bossier Sports Commission to help sponsor the Bayou Classic. By: Mr. Williams Motion to amend wording to Port City Fest Weekend instead of Bayou Classic. Seconded by Mr. Harvey No further comment Vote in favor of motion is unanimous By: Mr. Williams Motion to introduce an Ordinance appropriating Fifteen Thousand and No/100 ($15,000.00) from the 2021 Hotel/Motel Taxes Fund and payable to Shreveport-Bossier Sports Commission to help sponsor the Port City Fest Weekend. Seconded by Mr. Harvey No further comment Vote in favor of motion is unanimous By: Mr. Irwin Motion to introduce an Ordinance authorizing the reclassification of the Accounting Division and the hiring of an Accountant I, resulting in a net neutral change to the operating budget. Seconded by Mr. Williams No comment Vote in favor of motion is unanimous By: Mr. Larkin Motion to introduce an Ordinance to appropriate funds to cover construction cost for the Airline Water Tank Rehabilitation and Painting Project for a total of $1,885,000.00 to come from the Hotel/Motel Tax Fund Seconded by Mr. Williams No comment Vote in favor of motion is unanimous By: Mr. Irwin Motion to introduce an Ordinance amending Ordinance 133 of 2019 increasing the appropriated amount by $105,300.00 from the Water Capital Contingency Fund to extend the Nanofiltration Pilot Study by six months Seconded by Mr. Larkin No comment Vote in favor of motion is unanimous By: Mr. Harvey Motion to introduce an Ordinance amending the fines, fees and cost for several Criminal Charges in Chapter 38 of the Bossier City Code of Ordinances. Seconded by Mr. Larkin No comment Vote in favor of motion is unanimous By: Mr. Larkin  Motion to introduce an Ordinance to temporarily reduce the management fees paid to ASM Global to manage the Brookshire Grocery Arena from April 2021 through June 2021 and to enter into a five-year contract between the City of Bossier City and ASM Global. Seconded by Mr. Irwin No comment Vote in favor of motion is unanimous The following Resolution offered and adopted: RESOLUTION NO. 18 OF 2021 A RESOLUTION OF COMMENDATION AND APPRECIATION FOR THE DEDICATION AND VISION OF CLAY BOHANAN AND LOUIS COOK TO CREATE A WORLD CLASS FACILTY WHERE CHILDREN OF ALL ABILITIES CAN HAVE THE SAME EXPERIENCES IN THEIR UNIQUE WAY __________________________________________________________________ WHEREAS, BCI Burke, the oldest and most respected playground manufacturers in the United States, announced Field of Dreams in Bossier City, LA as the PLAYGROUND OF THE YEAR for 2020; and WHEREAS, from the vast numbers of new playgrounds that were installed using Burke’s equipment; Field of Dreams was chosen as the most amazing new play space in 2020; and WHEREAS, the design and equipment for Field of Dreams was a group effort and called on everyone from special educators to people with differing abilities and their family members to provide their experiences and help shape this environment into the largest, most inclusive playscape in Louisiana; and WHEREAS, a fully ramped structure and unitary surfacing brings everyone into the heart of play and creates equity where children of all abilities can have the same experiences in their own unique way; and WHEREAS, Clay Bohanan and Louis Cook dared to dream of an all-inclusive playground for children of differing abilities to have amazing experiences and further created new fully accessible bathrooms that include junior sized toilets; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Bossier, in regular session convened, that Clay Bohanan and Louis Cook are hereby commended for their vision and tenacity in creating this amazing all in-inclusive playground, Field of Dreams. The above and foregoing Resolution was read in full at open and legal session convened, was on motion of Mr. Don Williams, and seconded by Mr. Timothy Larkin, and adopted on the 16th day of March, 2021, by the following vote: AYES: Mr. Montgomery, Jr., Mr. Larkin, Mr. Irwin, Mr. Darby, Mr. Williams and Mr. Harvey NAYS: none ABSENT: Mr. Free ABSTAIN: none ____________________________ David Montgomery, Jr., President ____________________________ Phyllis McGraw, City Clerk Councilman Montgomery and Mayor Walker presented plaque to Clay Bohanan and Louis Cook for working tirelessly on this project. They also thanked all the committee members that were involved in this project. They announced that the Field of Dreams was named 2020 Playground of the Year by Burk Playgrounds. The following Ordinance offered and adopted: RESOLUTION NO. 19 OF 2021 ADOPT A RESOLUTION TO APPROVE REPORT OF RECONCILIATION FOR THE MELROSE AVE. AND PLANTATION DR. UTILITY EXTENSION PROJECT, ORDINANCE 71 OF 2019, WITH A DECREASE IN PROJECT COST OF $860,000.00. WHEREAS; Ordinance No. 71 of 2019 appropriated $2,000,000.00 to come from the 2017 Sales Tax Revenue Bond; and WHEREAS; the total project costs, including an increase in Contract price to Wicker Construction via Change Order No. 1 in the amount of $131,117.12 left a surplus of funds in Ordinance 71 of 2019 of $860,000; and WHEREAS; thirty-nine (39) days were deducted from to the contract via Change Order No. 1. NOW, THEREFORE, BE IT RESOLVED, in regular session convened that the City Council of Bossier City, Louisiana, agrees to amend the Construction Contract for an increase in price of $131,117.12 and a decrease of thirty-nine (39) days, and there will be a surplus of $860,000.00 in funding for this project as described. The above and foregoing Report was read in full at open and legal session convened, was on motion of Mr. Thomas Harvey, and seconded by Mr. Scott Irwin, and adopted on the 16th, day of March, 2021, by the following vote: AYES: Mr. Montgomery, Jr., Mr. Larkin, Mr. Irwin, Mr. Darby, Mr. Williams and Mr. Harvey NAYS: none ABSENT: Mr. Free ABSTAIN: none _____________________________________ David Montgomery, Jr., President ______________________________________ Phyllis McGraw, City Clerk The following Ordinance offered and adopted: RESOLUTION NO. 20 OF 2021 ADOPT A RESOLUTION TO APPROVE REPORT OF RECONCILIATION FOR THE SHED @ MEADOWVIEW PROJECT, ORDINANCE 134 OF 2020, WITH A DECREASE IN PROJECT COST OF $629.42. WHEREAS; Ordinance No. 134 of 2020 appropriated $459,000.00 to come from the Sewer Capital and Contingency Fund; and WHEREAS; the total project costs, including an increase in Contract price to Wicker Construction via Change Order No. 1 in the amount of $245,990.58 left a surplus of funds in Ordinance 134 of 2020 of $629.42; and WHEREAS; one hundred (100) days were deducted from to the contract via Change Order No. 1. NOW, THEREFORE, BE IT RESOLVED, in regular session convened that the City Council of Bossier City, Louisiana, agrees to amend the Construction Contract for an increase in price of $245,990.58 and a decrease of one hundred (100) days, and there will be a surplus of $629.42 in funding for this project as described. The above and foregoing Report was read in full at open and legal session convened, was on motion of Mr. Don Williams, and seconded by Mr. Scott Irwin, and adopted on the 16th, day of March, 2021, by the following vote: AYES: Mr. Montgomery, Jr., Mr. Larkin, Mr. Irwin, Mr. Darby, Mr. Williams and Mr. Harvey NAYS: none ABSENT: Mr. Free ABSTAIN: none _____________________________________ David Montgomery, Jr., President ______________________________________ Phyllis McGraw, City Clerk The following Resolution offered and adopted: RESOLUTION 21 OF 2021 A RESOLUTION AUTHORIZING THE HIRING OF A UTILITY WORKER FOR THE WASTEWATER TREATMENT PLANT IN THE PUBLIC UTILITIES. _____________________________________________________ WHEREAS, Ordinance No. 21 of 2018 implemented a requirement assuring that the City department budgets not be exceeded by any hiring of any personnel; and WHEREAS, the position of Utility Worker is vacant due to termination; and WHEREAS, the administration and the department assures that all current budgets have been verified and that no authorized salary has been exceeded; and  NOW, THEREFORE, BE IT RESOLVED by the City Council of Bossier City, Louisiana, in regular session convened, that the administration is authorized to proceed with hiring procedures for the fulfillment of this position. The above and foregoing Resolution was read in full at open and legal session convened, was on motion of Mr. Don Williams and seconded by Mr. Timothy Larkin, and adopted on the 16th, day of March, 2021, by the following vote: AYES: Mr. Montgomery, Jr., Mr. Larkin, Mr. Irwin, Mr. Darby, Mr. Williams and Mr. Harvey NAYS: none ABSENT: Mr. Free ABSTAIN: none ________________________________ David Montgomery Jr., Council President ________________________________ Phyllis McGraw, City Clerk Reports – Stacie Fernandez, City Finance Director – went over the Monthly Financial Report for February 2021 noting that Sales Taxes were up 4.5% over the same time as last year and that Revenue was at 118% and expenses were only at 82%. Mr. Montgomery reported that this is the monthly financial report and the heartbeat of our city financially and we just won for the 39th year in a row and he would invite anyone to get a copy if they want. Council keeps finger on the pulse of the City and able to act and react accordingly to ensure that this City’s Financial Status and Stability is always top notch. Ben Rauschenbach, City Engineer – went over the Monthly Project Report and presented a powerpoint of highlights on current city projects. He also gave to Mr. Larkin the Army Corp of Engineers for the Walter O. Bigby Carriageway that Mr. Larkin was instrumental in getting. Council also thanked Public Service Commissioner Foster Campbell for helping to secure funds for LED lighting projects across City. The traffic signal study project is still ongoing and has been in process for months but was originally slowed down due to Covid restrictions. There being no further business to come before this Council, the meeting adjourned at 3:58 PM by Mr. Montgomery, Jr. Respectfully submitted: Phyllis McGraw City Clerk Publish: March 24, 2021 Bossier Press Tribune