February 3, 2025 at 6:00 PM - Special Meeting

1. CALL MEETING TO ORDER/ESTABLISHMENT OF QUORUM

1.A. Welcome Invocation - Vidal Jones, Board President

1.B. Pledge of Allegiance-Carole Williams, Board Vice President

2. PUBLIC COMMENTS

2.A. The public is invited to sign up and speak on matters of concern. The Board welcomes comments during the Public Comments portion of the meeting. However, in accordance with the Texas Open Meetings Act, Board members cannot discuss or vote on issues not posted on the agenda. In accordance with board policy (BED Local), comments are limited to five (5) minutes per speaker. Please sign in with the recording secretary before the meeting starts.

3. DISCUSSION AND/OR POSSIBLE ACTION ITEMS

3.A. Deliberate, Consider, & Take Action, If any, to approve and adopt an order authorizing the Board of Trustees of the Kemp Independent School District to call a bond election to be held within said District; making provisions for the conduct and the giving of notice of the election; and providing for any other provisions related thereto.

3.B. Deliberate, Consider, & Take Action, if any, to approve a resolution retaining the law firms of Powell Law Group, LLP (“PLG”) and Frost Brown Todd, LLP (“FBT”), (collectively “Co-Bond Counsel”) to provide specialized legal services in connection with the issuance of public securities by the District; finding that PLG and FBT are competent and experienced in handling such issuances of public securities, having handled such matters for more than a decade in the State of Texas; finding that: (i) such legal services require specialized expertise and experience in state and federal laws governing the issuance of public securities and therefore cannot be adequately performed by the attorneys and supporting personnel of the District; (ii) such legal services cannot be reasonably obtained from attorneys in private practice under a contract providing for the payment of hourly fees without contingency because the District will not be obligated to pay any legal fees unless the public securities are approved and actually issued; and (iii) entering into a contingent fee contract with PLG and FBT to serve as Co-Bond Counsel is in the best interests of the residents of the District because PLG and FBT will only be paid in the event that the public securities are actually issued; and all matters related thereto.

3.C. Deliberate, Consider, & Take Action, if any, the approval and adoption of a resolution declaring the official intent of the District to reimburse costs, in accordance with § 1.150-2 of the Treasury Regulations, incurred in connection with the District’s planned capital expenditures from the proceeds of the tax-exempt bonds which will finance the 2025 Bond Projects.

4. EXECUTIVE SESSION

4.A. Deliberations relating to Tex. Gov’t Code 551.071 – Consultation with attorney regarding retaining bond counsel and a potential bond election.

5. RECONVENE IN OPEN SESSION FOR POSSIBLE ACTION ON ITEMS DISCUSSED IN EXECUTIVE SESSION

6. ADJOURNMENT