AGENDA
ST. LANDRY PARISH COUNCIL
SPECIAL MEETING -WEDNESDAY FEBRUARY 5, 2025-5230 P.M.
OLD CITY MARKET, 131 W. BELLEVUE ST.
OPELOUSAS, LOUISIANA
CALL TO ORDER
PLEDGE AND INVOCATION (Councilwoman Nancy Carriere)
ROLL CALL
PUBLIC COMMENT
ORDINANCES TO BE INTRODUCED:
ORDINANCE NO. 2025-OO3
AN ORDINANCE AUTHORIZING THE ISSUANCE AND SALE OF NOT
EXCEEDING $2,0000000 REVENUE NOTES, SERIES 2025 (EQUIPMENT), OF
THE ST. LANDRY PARISH GOVERNMENT, STATE OF LOUSIANA;
PROVIDING FOR THE PAYMENT THEREOF; ESTABLISHING THE RATE OF
INTEREST THEREON; PROVIDING FOR A PLEDGE AND DEDICATION OF
REVENUES FOR SECURITY AND PAYMENT THEREOF IN PRINCIPAL AND
INTEREST; AND OTHER MATTERS IN CONNECTION THEREWITH.
VI. ORDINANCES TO BE ADOPTED:
ORDINANCE NO. 2024.055
(Sponsored By: Timmy Lejeune)
AN ORDINANCE TO AMEND THE 2024 OPERATING BUDGET FOR
ST. LANDRY PARISH GOVERNMENT
Date Introduced: December I 8,2024
WHEREAS, the 2024 St. Landry Parish Operating Budget, herein attached, is hereby
amended to reflect the detailed arnended estimate of revenues and expenses for the fiscal year
beginning January 1,2024, and ending December 3I,2024, being the same is hereby adopted
to serve as an amended operating Budget of Revenues and Expenses for the Parish of St.
Landry during the said period.
BE IT ORDAINED BY THE COUNCIL OF THE ST. LANDRY PARISH GOVERNMENT
THAT:
II.
UI
IV
V.
Section 1.. The attached, detailed AMENDED estimate of revenues for the fiscal year
beginning January 1,2024, and ending December 37,2024, is hereby adopted to serve as an
amended operating Budget of Revenues for the Parish of St. Landry during the said period.
Section 2.The attached, detailed AMENDED estimate of expenditures by department for
fiscal year beginning January I,2024, and ending December 37,2024, is hereby adopted to
serve as an amended operating Budget of Expenditures for the Parish of St. Landry during the
said period.
Section 3. The adoption of the Amended Operating Budget of Expenditures being the same is
hereby declared to operate as an appropriation of the amount therein set forth within the terms
of the budget classification.
Section 4. Arnounts are available for expenditures only to the extent included within the 2024
Budget.
Section 5. All power to alter this Budget is reserved by the St. Landry Parish Council
ORDINANCE NO. 2024-056
(Sponsored By: Timmy Lejeune)
AN ORDINANCE TO ADOPT THE 2025 OPERATING BUDGET FOR
ST. LANDRY PARISH GOVERNMENT
WHEREAS, the 2025 St.Landry Parish Operating Budget, herein attached, is hereby
adopted to reflect the detailed estimate of revenues and expenses for the fiscal year beginning
January 1,2025, and ending December 31,2025, being the same is hereby adopted to serve as
the operating Budget of Revenues and Expenses for the Parish of St. Landry during the said
period.
BE IT ORDAINED BY THE COUNCIL OF THE ST. LANDRY PARISH GOVERNMENT
THAT:
Section 1. The attached, detailed estimates of revenues for the fiscal year beginning January
1,2025, and ending December 31,2025, is hereby adopted to serve as the operating Budget of
Revenues for the Parish of St. Landry during the said period.
Section 2.The attached estimates of expenditures by department for fiscal year beginning
January 1,2025, and ending December 31,2025, is hereby adopted to sele as an operating
Budget of Expenditures for the Parish of St. Landry during the said period.
Section 3. The adoption of the Operating Budget of Expenditures being the same is hereby
declared to operate as an appropriation of the amount therein set forth within the terms of the
budget classification.
Section 4. Amounts are available for expenditures only to the extent included within the 2025
Budget.
Section 5. All power to alter this Budget is reserved by the St. Landry Parish Council.
ORDINANCE NO. 2024-057
(Sponsored By: Timmy Lejeune)
AN ORDINANCE AUTHORIZING THE ISSUANCE AND SALE
oF NOT EXCEEDING $2,0000000 REVENUE NOTES, SERIES
2025,OF THE ST. LANDRY PARISH GOVERNMENT, STATE OF
LOUISIANA; PROVIDING FOR THE PAYMENT THEREOF;
ESTABLISHING THE RATE OF INTEREST THEREON;
PROVIDING FOR A PLEDGE AND DEDICATION OF
REVENUES FOR SECURITY AND PAYMENT THEREOF IN
PRINCIPAL AND INTEREST; AND OTHER MATTERS IN
CONNECTION THEREWITH.
WHEREAS, the St. Landry Parish Government, Parish of St. Landry, State of Louisiana
(the “Issuer”) is a home rule charter government and a political subdivision of the State of Louisiana
(the “State”) pursuant to Article VI, Section 5 of the Louisiana Constitution of 1974; and
WHEREAS, the St. Landry Parish Council (the “Governing Authority”) as the governing
authority of the Issuer pursuant to Section 1430 of Title 39 of the Louisiana Revised Statutes of 1950,
as amended, and other constitutional and statutory authority (collectively, the rrActf’), desires to
authoize the incurring of debt and borrowing of an amount not to exceed $2,000,000, secured by
revenues to accrue to the Issuer’s General Fund (11) (the I’Revenues”); and
WHEREAS, pursuant to the Act and other constitutional and statutory authority, the Parish
desires to incur debt and issue its Revenue Anticipation Note, Series 2025, in a principal amount not
exceeding Two Million Dollars ($2,000,000) (the “Note”), to pay current expenses for the fiscal year
ending December 31,2024, and paying costs of issuance, in anticipation of the revenues of the Parish
for the current fiscal year ending December 31,2025;
WIIEREAS, this Governing Authority has found and determined that it is necessary and
desirable to approve the sale of the Note with terms and conditions within the parameters set forth in
this Bond Resolution and authorizethe Parish’s authorized representatives to execute a term sheet with
the purchaser (the “Term Sheet”) within the parameters set forth herein; and
WHEREAS, this Governing Authority further desires to proceed with the issuance, sale and
delivery of the note to the Purchaser and authorize and obligate the Parish’s Authorized Representatives
to take action and execute documents as may be necessary to accomplish the issuance, sale and delivery
of Note.
NOW, THEREFORE, BE IT ORDAINED by the Parish Council for the Parish of St. Landry,
State of Louisiana (the “Parish Council”), acting as the governing authority of Parish of St. Landry,
State of Louisiana (the I’Parish”), that:
SECTION 1. Authorization of Revenue Anticipation Note. Pursuant to the Act and other
constitutional and statutory authority supplemental thereto, the Parish is hereby authorized to incur debt
for the purpose of paying current expenses for the fiscal year ending December 31,2024, and paying
costs of issuance in anticipation of the revenues of the Parish for the current fiscal year ending
December 31,2024, and to represent said indebtedness, the Parish shall issue its Revenue Anticipation
Note, Series 2025, in an amount not to exceed Two Million and No/100 Dollars ($2,000,000) (the
“Note”). The Note shall mature not later than October 1,2025, and shall bear interest at a fixed or
variable rate to be negotiated by the President of the Parish of St. Landry with the Parish’s fiscal agent,
provided that such interest rate shall not exceed six percent (6.00%) per annum. Interest on the Note
shall be computed based on a 360-day year consisting of twelve 30-day months and shall be payable
upon the maturity of the Note. The Note shall be issued in the form of a single fully registered note,
dated the date of delivery thereof to the initial purchaser and numbered R- 1 . The principal of the Note
shall be subject to prepayment at any time, in whole or in part at the option of the Parish, at a price of
par plus accrued interest on the amount so prepaid to the date of prepaSrment. The purchase price of
the Note shall be paid to the Parish by the purchaser in installments (often time referred to as a draw
down loan) on an “as-needed” basis, and the date and amount of each installment of the purchase price
shall be noted on the Note and interest shall accrue only on the amount of principal which shall have
been borrowed by the Parish.
The Note is hereby awarded to the Parish’s fiscal agent, Washington State Bank, in Parish of St.
Landry, Louisiana, pursuant to its commitment to purchase the Note, a copy of which shall be filed
with this governing authority.
SECTION 2. Form and Execution of Note. The Note shall be in substantially the form
attached hereto as Exhibit A, and the Chairman and the Clerk to the Parish Council are authorized and
directed on behalf of the Issuer to execute, seal, and deliver the Note to the purchaser.
SECTION 3. Securi8 for Note. The Note will be secured by and payable from the revenues
of the general fund (11) for the fiscal year ending December 31,2025, until the Note is paid in fuIl in
accordance with its terms, all in accordance with the provisions of the Act and other constitutional and
statutory authority.
SECTION 4. Irrevocable Pledse. The note shall be secured by and payable in principal,
premium, if any, and interest solely from an irrevocable pledge and dedication of the general fund (1 1).
The Pledged Revenues are hereby irrevocably and irrepealably pledged and dedicated in an amount
sufficient for the payment of the Note in principal, premium, if any, and interest as they shall
respectively become due and payable, and for the other purposes hereinafter set forth in this
Ordinance. The General Fund shall be and remain pledged for the security and payment of the Note in
principal, premium if any, and interest and for all other payments provided for in this Bond Ordinance
until the Note has been fully paid and discharged.
SECTION 5. Authorization of Officers. The President of the Parish of St. Landry and the
Chairman of the Council and the Council Clerk is individually or collectively, are hereby empowered,
authorized and directed to execute and deliver or cause to be executed and delivered all documents
required to be executed on behalf of the Parish or deemed by, either, in their sole discretion, necessary
or advisable to implement this Bond Ordinance or facilitate the sale of the Note including the execution
of the term sheet.
SECTION 6. Note is “Bank-Oualified”. In the event that the Note is issued as a tax-exempt
note for federal income tax purposes, the Note shall be designated as a “qualified tax-exempt
obligation” within the meaning of Section 265(b)(3) of the Intemal Revenue Code of 1986, as amended
(the “Code”). In making this designation, the Parish finds and determines that:
a. the Note is not a “private activity bond” within the meaning of the Code; and
b. the reasonably anticipated amount of qualified tax-exempt obligations which will be issued by
the Parish and all subordinate entities in calendar year 2025 does not exceed $10,000,000.
SECTION 7. Financial Statements. The Parish covenants and agrees that it will furnish the
owner of the Note as soon as available, but in no event later than 120 days after the end of each fiscal
year, its balance sheet, and income statement for the year-end, audited by a certified public accountant.
All financial reports required hereunder shall be prepared in accordance with generally accepted
accounting principles, applied on a consistent basis, and shall be in a form and substance acceptable to
the owner of the Note. Failure to comply with this provision shall constitute a default hereunder and
shall entitle the owner of the Note to exercise all remedies provided hereunder.
SECTION 8. Severabilitv. In case any one or more of the provisions of this Ordinance or of
the Note shall for any reason be held to be illegal or invalid, such illegality or invalidity shall not affect
any other provisions ofthis Ordinance or ofthe Note, but this Ordinance and the Note shall be construed
and enforced as if such illegal or invalid provisions had not been contained therein. Any constitutional
or statutory provisions enacted after the date of this Ordinance that validate or make legal any provision
of the Ordinance andlor the Note that would not otherwise be valid or legal shall be deemed to apply
to this Ordinance and to the Note.
SECTION 9. Publication: Peremption. A copy of this Ordinance shall be published
immediately after its adoption in one issue of the official journal of the Parish. For thirty (30) days from
the date of such publication, any person in interest shall have the right to contest the legality of this
Ordinance or the Note and the provisions securing the Note. After the expiration of said thirty (30)
days, no one shall have any right of action to contest the validity of the Note or the provisions of this
Ordinance, and the Note shall be conclusively presumed to be legal, and no court shall thereafter have
authority to inquire into such matters.
SECTION 10. Continuins Disclosure Exemption. It is recognizedthatthe Issuer will not be
required to comply with the continuing disclosure requirements described in Rule 15c-2-12(b) of the
Securities and Exchange Commission [17 CFR $140.15c2-12(b)], because the Note is not being
purchased by a broker, dealer, or municipal securities dealer acting as an underwriter in a primary
offering of municipal securities, and the Note is being sold to only one financial institution (i.e. no more
than thirty-five persons), which (i) have such knowledge and experience in financial business matter
that they are capable of evaluating the merits and risks of the prospective investment in the Note and
(ii) are not purchasing the Note for more than one account or with a view to distributing the Bond. The
Issuer shall nonetheless covenant to provide the purchaser or its assigns the information provided for
in Section 7 so long as the Note remains outstanding.
SECTION 11. Effective Date. This Ordinance shall take effect immediately upon its adoption.
VII. ADJOURN