November 27, 2023 at 6:30 PM - Regular Meeting

8.B. Consider and take possible action to approve an engagement agreement relating to bond counsel services.

a) Natalia ISD (the “District”) desires to issue obligations from time to time for various public purposes authorized by Texas statutes, in order to finance or refinance various public projects;
b) Walsh Gallegos Treviño Kyle & Robinson P.C. (the “Firm”) is a full-service law firm that includes a public finance practice and has the necessary competence, qualifications, and experience to serve as bond counsel for the District
c) The District and Firm do not have prior engagements or relationships for bond counsel services; however, the Firm has served the District as its general counsel since July 17,1990; Texas Government Code §2254.1036(c);
d) The District’s supporting personnel do not have the required experience, qualifications or resources to adequately perform bond counsel services for the issuance of obligations;
e) Given the nature of bond counsel services and the source of payment therefor (being from the proceeds of obligations issued by the District), such legal services cannot reasonably
be obtained from attorneys in private practice under a contract providing for the payment of hourly fees without contingency; and
f) Entering into a contingent fee contract with the Firm for bond counsel services is in the best interest of the District and will have competent, qualified and experienced counsel to advise on the issuance of the bonds and other obligations, and the provision of such legal services will not financially impact the District as the compensation for such services will be paid from the proceeds of such bonds or other obligations.