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Valley View ISD approves contingency-fee engagement with Leon Alcala, PLLC for bond counsel
Summary
The board approved a contingency-fee engagement with Leon Alcala, PLLC to serve as bond counsel for the district's anticipated securities issuances; the resolution cites Chapter 2254 notice and statutory findings required by Texas law.
The Valley View ISD Board of Trustees on Aug. 4 adopted a resolution authorizing a contingency-fee engagement with Leon Alcala, PLLC to serve as bond counsel for the district's public or private securities issues. The resolution records findings required by Subchapter C of Chapter 2254, Texas Government Code, including written public notice, the board's determination of need, and reasons the contingency arrangement is appropriate for specialized public‑finance legal services.
Motion to approve the engagement was made by Trustee Chris Byrom and seconded by Trustee Charlie Pickett; the minutes record the motion carried with six votes in favor and none opposed. The resolution and the engagement letter are included in the board packet; the engagement letter details scope (analysis of tax-exempt financing, preparation of bond orders and closing documents, issuance opinions) and sets fees (fixed base amounts plus $0.75 per $1,000 of principal, and a $15,000 fee for election-related work payable on issuance).
The engagement letter also explains expenses, timing for payment (contingent on issuance and payable within seven days after issuance), and certain statutory certifications required under Texas contracting statutes. The resolution authorizes the superintendent, board president and designees to execute the engagement agreement and to request file transfers from prior counsel if needed.
