Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Bonds topic
No spam. Unsubscribe anytime.
Lorena ISD board hires Leon, Alcala, Morse & Reynolds, PLLC as bond counsel in unanimous vote
Summary
The board adopted a resolution to engage Leon, Alcala, Morse & Reynolds, PLLC as bond counsel on a contingency-fee basis, finding the services specialized and appropriate for the district; the measure passed 7–0.
Get email alerts on the Bonds topic
No spam. Unsubscribe anytime.
The Lorena ISD Board of Trustees adopted a resolution to approve an engagement letter with Leon, Alcala, Morse & Reynolds, PLLC to serve as bond counsel. Trustee Tyler Stewart moved for adoption and Trustee Corbett Boone seconded; the motion passed unanimously with all seven trustees voting "Yea." The resolution finds that bond counsel services are specialized and cannot be adequately provided by district personnel or other counsel and that a contingency-fee contract is in the district's interest because no fee is paid unless a transaction is completed.
The motion, recorded under action item 10.2, cites the law firm by name and authorizes the district to engage the firm for bond-related legal work. The minutes do not record debate or alternative firms; the vote was recorded as 7–0 in favor. The resolution's contingency arrangement means the firm will be paid only if the district completes a qualifying transaction.
