DATE, TIME, PLACE OF MEETING

The Calcasieu Parish School Board met in the Conference Room of the Calcasieu Parish School Board located at 1732 Kirkman Street, Lake Charles, Louisiana, on Tuesday, December 13, 2005, 4:45 p.m. The meeting was called to order by Joe Andrepont, President. The prayer was led by Sheral LaVergne; Billy Breaux led the Pledge of Allegiance.

ROLL CALL

The roll was called and the following members were present:

Joe A. Andrepont, Dale B. Bernard, Billy Breaux, Clara F. Duhon, Jay L. Duhon, John M. Falgout, Rev. J.L. Franklin, James W. Karr, Sr., Bryan LaRocque, Sheral A. LaVergne, James W. Pitre, Gregory P. Robert, Dr. Edward Stephens, Philip Tarver and R.L. Webb.

MINUTES APPROVED

On motion by Mr. Karr, seconded by Mr. Duhon and unanimously carried, the minutes of the regular meeting of November 1, 2005, were approved as presented.

Supplemental Agenda

By general consent the Supplemental Agenda was included as part of the regular agenda.

By general consent Items VII E-H were placed prior to presentations.

Proces Verbal and Promulgation of Election in School District Number 26

On motion by Mr. Duhon, seconded by Mr. Breaux and carried, the following was approved:

SEQ CHAPTER \h \r 1 Lake Charles, Louisiana

December 13, 2005

The Parish School Board of Calcasieu Parish, Louisiana, governing authority of School District No. 26 of Calcasieu Parish, Louisiana, met in regular public session at 4:45 o’clock p.m. on Tuesday, December 13, 2005, at the regular meeting place of said Board in the Calcasieu Parish School Board Office, Lake Charles, Louisiana, pursuant to the provisions of written notice given to each and every member thereof and duly posted in the manner required by law.

President, Joe A. Andrepont, called the meeting to order and on roll call, the following members were present:

Joe A. Andrepont, Dale B. Bernard, Billy Breaux, Clara F. Duhon, Jay L. Duhon, John M. Falgout, Rev. J. L. Franklin, James W. Karr, Sr., Bryan LaRocque, Sheral A. LaVergne, James W. Pitre, Gregory P. Robert, Dr. Edward Stephens, Phillip Tarver, and R. W. Webb

ABSENT: None

The meeting was called to order and the roll called with the above results.

The President of the Board stated that one purpose of the meeting was for canvassing and tabulating the returns of an election held in School District No. 26 of Calcasieu Parish, Louisiana (the “District”) on November 12, 2005, on the question of incurring debt and issuing bonds in an amount not exceeding $4,400,000, which bonds are to be retired with, paid from and secured by ad valorem taxes on all taxable property within the District, and thereupon presented the following proces verbal, which was adopted by the following vote:

YEAS: Mr. Bernard, Mr. Breaux, Mrs. Duhon, Mr. Duhon, Mr. Falgout, Rev. Franklin, Mr. Karr, Mr. LaRocque, Ms. LaVergne, Mr. Pitre, Mr. Robert, Dr. Stephens, Mr. Tarver, and Mr. Webb

NAYS: None

PROCES VERBAL

BE IT KNOWN AND REMEMBERED that on this 13^th day of December, 2005, at 4:45 o’clock p.m., in accordance with a resolution of the Calcasieu Parish School Board (the “Board”), governing authority of School District No. 26 of Calcasieu Parish, Louisiana, adopted on August 16, 2005, and recorded in the records of said Board, notice of which meeting was issued and published according to law, the undersigned members of the Board, being a quorum thereof, met at the regular meeting place of the Board, and according to law examined the tabulation blanks, certificates and statements which were received from the Commissioners and Commissioners-in-Charge of the election held in School District No. 26 of Calcasieu Parish, Louisiana on November 12, 2005, in accordance with said resolution, together with the transcription of the totals made by the Clerk of Court and Ex-Officio Parish Custodian of Voting Machines in and for Calcasieu Parish to determine the following proposition:

BOND PROPOSITION

SUMMARY: AUTHORITY FOR SCHOOL DISTRICT NO. 26 OF CALCASIEU PARISH, LOUISIANA, TO ISSUE NOT EXCEEDING $4,400,000 OF UP TO 20-YEAR PUBLIC SCHOOL IMPROVEMENT BONDS FOR ACQUIRING AND/OR IMPROVING SCHOOL BUILDINGS AND OTHER SCHOOL RELATED FACILITIES WITHIN THE DISTRICT, SAID BONDS TO BE PAYABLE FROM AD VALOREM TAXES.

Shall School District No. 26 of Calcasieu Parish, Louisiana, incur debt and issue bonds in an amount not exceeding $4,400,000 for a period not to exceed twenty (20) years from the date thereof, with interest at a rate not exceeding eight (8%) percent per annum, for the purpose of acquiring and/or improving lands for building sites and playgrounds, purchasing, erecting, enlarging and/or improving school buildings and other school related facilities within and for said School District, and acquiring the necessary equipment and furnishings therefor, title to which shall be in the public, which said bonds shall be retired with, paid from and secured by ad valorem taxes on all taxable property within the limits of School District No. 26 of Calcasieu Parish, Louisiana, sufficient in rate and amount to pay said bonds in principal and interest?

The results of said election proved to be as follows:

NUMBER OF VOTES IN NUMBER OF VOTES

PRECINCT FAVOR OF PROPOSITION AGAINST ROPOSITION

460W (Part) 3 1

469 (Part) 8 4

561 (Part) 5 0

562 (Part) 6 9

700 50 14

701 36 9

702 62 37

703 38 20

760 39 21

761 39 30

762 (Part) 10 10

Absentees 5 3

TOTALS 301 158

We therefore ascertained that the majority of qualified electors of School District No. 26 of Calcasieu Parish, Louisiana qualified to vote under the Constitution and laws of the State of Louisiana voting in said election in the District voted in favor of the Bond Proposition.

At the same time and place, we did examine and canvass the returns as evidenced by said tabulation blanks, certificates, and statements received from the election Commissioners and Commissioners-in-Charge, the correctness of which were sworn to by the election Commissioners-in-Charge and Commissioners according to law, and our finding was that the returns indicated a majority voted in favor of said proposition.

Therefore, we declare that the result of said election is in favor of the Bond Proposition as stated above.

In accordance with law, a resolution promulgating the aforesaid results was adopted, and the Secretary of the Board was ordered to have a copy of said resolution signed by the President and published in one issue of the Lake Charles American Press, a newspaper published in Calcasieu Parish and of general circulation in said School District No. 26.

We did, likewise, order that one copy of this proces verbal be sent to the Secretary of State to be recorded in the archives of the State of Louisiana, and that one copy be sent to the Clerk of the District Court of Calcasieu Parish to be recorded in the mortgage records of said Parish and that one copy be filed in the archives of this Board.

THUS DONE AND SIGNED in the presence of and , competent witnesses and qualified voters of Calcasieu Parish on this 13^th day of December, 2005, at a special meeting of the Board in Lake Charles, Louisiana, by the undersigned members of said Board present and participating in the canvass of said election.

WITNESSES:

, President

,V. President

, Member

RESOLUTION

A RESOLUTION PROMULGATING THE RESULTS OF A SPECIAL ELECTION HELD IN SCHOOL DISTRICT NO. 26 OF CALCASIEU PARISH, LOUISIANA ON NOVEMBER 12, 2005.

WHEREAS, on November 12, 2005, an election was held in School District No. 26 of Calcasieu Parish, Louisiana, to determine the proposition hereinafter set out;

WHEREAS, the returns of said election were canvassed by the Board according to law and notice duly given as provided by law, and the result of said election was declared to be in favor of proposition;

NOW, THEREFORE, BE IT RESOLVED by the Calcasieu Parish School Board, the governing authority of School District No. 26 of Calcasieu Parish, Louisiana, as follows:

SECTION 1. An election was held in School District No. 26 of Calcasieu Parish, Louisiana, on November 12, 2005, to determine the proposition hereinafter set out; that said election was duly and properly called by the Board by a resolution adopted on August 16, 2005 and recorded in the records of said Board, that notice of said election embracing all matters required by law to be contained therein was given by publication in the Lake Charles American Press, a newspaper published in Lake Charles, Louisiana, and of general circulation in School District No. 26, on September 7, September 14, September 21, October 13, October 20, October 27, and November 3, 2005, the first of said publications being not less than 45 days nor more than 90 days prior to the date set for said election; that this Board did in said resolution designate the polling places for said election and did provide for the use of voting machines in the conduct of said election; that election officials were duly selected; that each election official received the certificate of instruction of the use of the voting machines and his duties in connection therewith as required by law; that the State Custodian of Voting Machines and the Clerk of Court and Ex-Officio Parish Custodian of Voting Machines of Calcasieu Parish made available on the day of the election at the polling places designated for the conduct of said election the necessary voting machines and all necessary equipment and paraphernalia required by law in connection with the use of voting machines at elections; that the Registrar of Voters and the Clerk of Court of Calcasieu Parish furnished to the election Commissioners and Commissioners-in-Charge copies of the precinct registers for each precinct or ward entitled to vote at such polling places; that the Louisiana Secretary of State prepared and certified the ballot used in the voting machines as required by law; that the proposition voted on in said election and as it appeared in said voting machine was in due form provided by law and the resolution adopted by this Board on August 16, 2005, calling said special election; that the results of said election were written on a large sheet of paper at said polling places, which sheet of paper was signed by each of the election officials designated to conduct such election at said polling places and which sheet was thereupon posted in public view at the polling places in accordance with law; that only qualified electors under the Constitution and laws of the State of Louisiana voted at said election; that the officials who served at said election were duly and properly appointed; that the places of all absent election officials were properly filled in accordance with law; that before opening the polls all election officials were properly sworn in accordance with law; that the polls at the voting places were opened at 6:00 a.m. and remained open and until not later than 8:00 p.m.; that after the closing of the polls the votes for and against the proposition were properly counted and tallied and the necessary tabulation blanks, certificates and statements were made by the election officials in accordance with law and the voting machines delivered to the Clerk of Court and Ex-Officio Custodian of Voting Machines in and for Calcasieu Parish, Louisiana, and a copy of the results of said election delivered to the Clerk of the District Court of Calcasieu Parish as required by Louisiana Revised Statutes 18:1190 E; that on November 15, 2005, that being the third day after said election the Clerk of Court and Ex-Officio Custodian of Voting Machines, after breaking the seals and opening the voting machines used in said election did transcript the totals for the proposition voted upon at said election; and that all things whatsoever required by law to be done in connection with the holding of said election were properly and duly performed in manner and form as required by Chapter 4 of Subtitle II of Title 39 of the Louisiana Revised Statutes of 1950, as amended, and the general election laws of the State of Louisiana.

SECTION 2. In said election the following proposition was approved by a majority of the electors qualified to vote and voting in said election in School District No. 26 of Calcasieu Parish, Louisiana:

BOND PROPOSITION

SECTION 3. The results of said election shall be promulgated by publication of this resolution of promulgation one time in the Lake Charles American Press, a newspaper published in Lake Charles, Louisiana, the official journal of the Board and of general circulation in School District No. 26.

ADOPTED AND APPROVED this 13^th day of December, 2005.

/s/ Joe A. Andrepont

JOE A. ANDREPONT, President

Calcasieu Parish School Board

ATTEST:

/s/ Jude W. Theriot

JUDE W. THERIOT, Secretary

Calcasieu Parish School Board

STATE OF LOUISIANA

PARISH OF CALCASIEU

I, JUDE W. THERIOT, certify that I am the duly qualified and acting Superintendent of Public Schools for the Parish of Calcasieu, Louisiana, and as such, Ex-Officio Secretary of the Calcasieu Parish School Board, governing authority of School District No. 26 of Calcasieu Parish, Louisiana.

I further certify that the above and foregoing is a true and correct copy of an excerpt from the minutes of a public meeting of the Calcasieu Parish School Board held on December 13, 2005, and of a resolution adopted at said meeting, as said minutes and resolution appear officially of record in my possession.

IN FAITH WHEREOF, witness my official signature and the impress of the official seal of the Calcasieu Parish School Board on this 13^th day of December, 2005.

JUDE W. THERIOT, Secretary

Authorize Advertisement for Sale of Bonds for School District Number 26

On motion by Mr. Duhon, seconded by Mrs. Duhon and carried, the following was approved:

RESOLUTION

A RESOLUTION AUTHORIZING ADVERTISEMENT FOR SALE OF $2,845,000 GENERAL OBLIGATION PUBLIC SCHOOL IMPROVEMENT BONDS OF SCHOOL DISTRICT NO. 26 OF CALCASIEU PARISH, LOUISIANA, 2006 SERIES.

BE IT RESOLVED by the Parish School Board of Calcasieu Parish, Louisiana, the governing authority of School District No. 26 of Calcasieu Parish, Louisiana as follows:

SECTION 1. $2,845,000 General Obligation Public School Improvement Bonds of School District No. 26 of Calcasieu Parish, Louisiana, 2006 Series (the “Bonds”), authorized by an election held in School District No. 26 on November 12, 2005, shall be sold as herein directed.

SECTION 2. Sealed bids shall be received for the purchase of the Bonds and the Bonds shall be opened in public session of the Calcasieu Parish School Board on January 17, 2006, at 4:45 o’clock p.m. Central Standard (Louisiana) Time, at the regular meeting place of the Calcasieu Parish School Board, 1732 Kirkman Street, Lake Charles, Louisiana.

SECTION 3. In accordance with Article 1426 of Title 39 of the Louisiana Revised Statutes of 1950, as amended, notice of the sale of the Bonds shall be published one time at least seven clear calendar days before the date scheduled for the receipt of bids, in the Lake Charles American Press, a newspaper published in Lake Charles, Calcasieu Parish, Louisiana, and of general circulation in School District No. 26 of Calcasieu Parish, and at least once in the Daily Journal of Commerce, a financial journal or newspaper containing a section devoted to municipal bond news published in the City of New Orleans, Louisiana, which publication shall be made at least forty-eight (48) hours in advance of the date scheduled for the receipt of bids. The notice of sale to be published shall be substantially in the following form:

NOTICE OF BOND SALE

$2,845,000

GENERAL OBLIGATION PUBLIC SCHOOL IMPROVEMENT BONDS

OF SCHOOL DISTRICT NO. 26 OF

CALCASIEU PARISH, LOUISIANA

2006 SERIES

SEALED BIDS will be received by the Calcasieu Parish School Board, acting as the governing authority of School District No. 26 of Calcasieu Parish, Louisiana (the “Issuer”), at the Parish School Board Office at 1732 Kirkman Street, Lake Charles, Louisiana, until 4:45 o’clock p.m., Central Standard (Louisiana) Time, on Tuesday, the 24^TH DAY OF JANUARY, 2006, for the purchase of the following issue or issues of Bonds of School District No. 26 of Calcasieu Parish, Louisiana (the “Bonds”), authorized at a special election held within the Issuer on Saturday, November 12, 2005:

$2,845,000 (being part of an authorized issue of $4,400,000) General Obligation Public School Improvement Bonds, 2006 Series, maturing February 15 in each year in the principal amount as set forth opposite such year in the following table:

YEAR AMOUNT YEAR AMOUNT

2007 80,000.00 2017 140,000.00

2008 90,000.00 2018 145,000.00

2009 90,000.00 2019 155,000.00

2010 95,000.00 2020 165,000.00

2011 100,000.00 2021 175,000.00

2012 105,000.00 2022 180,000.00

2013 115,000.00 2023 195,000.00

2014 120,000.00 2024 200,000.00

2015 125,000.00 2025 215,000.00

2016 130,000.00 2026 225,000.00

The Bonds will be in fully registered form, dated February 15, 2006, will initially be one bond for each maturity with transfers in multiples of $5,000, and will be payable from and secured by unlimited ad valorem taxation. All Bonds of the same maturity must bear interest from date thereof until paid at one basic rate of interest to be designated by the bidder not exceeding eight (8%) percent per annum on any Bond in any interest payment period, said interest to be payable semi-annually on February 15 and August 15 of each year, beginning February 15, 2007.

Those Bonds maturing in the years 2007 to 2011, inclusive, shall not be subject to redemption prior to maturity. Those Bonds, or portions thereof in multiples of $5,000, maturing in the years 2012 to 2026, inclusive, shall be subject to redemption prior to maturity, at the option of the Issuer, in such order as the Issuer may determine and by lot within any maturity, on any interest payment date on or after February 15, 2011, at par and accrued interest to the date fixed for redemption.

The Bonds will be payable at Argent Trust, a Division of National Independent Trust Company, in the city of Ruston, Louisiana.

A certified or cashier’s check in the amount of $56,900.00 drawn on an incorporated bank or trust company and payable to the order of School District No. 26 of Calcasieu Parish, Louisiana, must accompany each bid as a guarantee of good faith on the part of the bidder, to be forfeited as liquidated damages if such bid be accepted and the bidder fails to take up and pay for the Bonds. The check of the successful bidder will be retained uncashed by the Issuer and returned upon delivery of the Bonds and payment therefor. Checks of unsuccessful bidders will be promptly returned to each bidder’s representative or by certified mail.

All bids must be submitted on bid forms furnished by the Calcasieu Parish School Board without alteration or qualification. Bidders shall name one basic rate of interest for each Bond maturity not exceeding eight (8%) percent per annum on any Bond in any interest payment period to be expressed in a multiple of one-twentieth (1/20) or one-eighth (1/8) of one (1%) percent per annum. No bids for less than par and accrued interest from February 15, 2006 to the date of delivery of the Bonds or which specifies the cancellation of Bonds will be considered. Any premium bid must be paid in funds specified for the payment of the Bonds as part of the purchase price. The Bonds will be awarded to the bidder offering to purchase the Bonds at such rate or rates of interest as will produce the lowest effective interest rate to the Issuer. The lowest effective interest rate will be determined in accordance with the “True” or “Canadian” interest cost method of calculation by doubling the semiannual interest rate (compounded semiannually) necessary to discount the debt service payments from the payment dates to the date of the Bonds and to the price bid, excluding the accrued interest from the date of the Bonds to the date of their delivery. If any bid for the Bonds shall be acceptable, a prompt award of the Bonds will be made. The right is expressly reserved to waive any irregularity in any bid or to reject any and all bids received.

The successful bidder shall make a bona fide public offering of the Bonds, and, as a condition to the Issuer’s obligation to deliver the Bonds, the successful bidder must furnish to the Issuer within forty-eight hours after being notified of the award of the Bonds, the initial public offering prices of the Bonds. Upon Delivery of the Bonds, the successful bidder will furnish a certificate acceptable to Bond Counsel to the Issuer (i) specifying the reoffering prices at which a substantial amount of the Bonds was sold to the public (excluding bond houses, brokers and other intermediaries) and (ii) certifying as to the accuracy of such reoffering prices. Bond Counsel advises that (i) such certificate must be made on the best knowledge, information and belief of the successful bidder, (ii) the sale to the public of 10% or more in par amount of the Bonds of each maturity at (or below) the initial reoffering prices would be sufficient to certify as to the sale of a substantial amount of the Bonds, and (iii) reliance on other facts as a basis for such certification would require evaluation by Bond Counsel to assure compliance with the applicable provisions of the Internal Revenue Code of 1986, as amended (the “Code”).

If the Bonds qualify for issuance of any policy of municipal bond insurance or commitment therefor at the option of the bidder, any purchase of such insurance or commitment therefor shall be at the sole option and expense of the bidder and any increased costs of issuance of the Bonds resulting by reason of such insurance, unless otherwise paid, shall be paid by such bidder. Any failure of the Bonds to be so insured or of any such policy of insurance to be issued, shall not in any way relieve the purchaser of his contractual obligations arising from the acceptance of his proposal for the purchase of the Bonds.

It is anticipated that CUSIP identification numbers will be printed on the Bonds, but the failure to print such numbers shall not constitute cause for refusal by the successful bidder to accept delivery of and to pay for the Bonds. No CUSIP identification number shall be deemed to be part of the Bond or a part of the contract evidenced thereby, and no liability shall hereafter attach to the issuer or any officers or agents thereof because of or on account of such numbers. All expenses in relation to the printing of the CUSIP identification numbers on the Bonds shall be paid by the Issuer. However, the CUSIP Service Bureau charge for the assignment of such numbers shall be the responsibility of and shall be paid by the successful bidder.

A copy of the Issuer’s preliminary official statement may be obtained by contacting Joseph A. Delafield, A Professional Corporation, 3401 Ryan Street, Suite 307, P. O. Box 4272, Lake Charles, Louisiana 70605/70606, Bond Counsel. The Preliminary Official Statement is in a form “deemed final” by the Issuer for purposes of SEC Rule 15c2-12(b)(1) but is subject to revision, amendment, and completion in a final official statement. Promptly after the sale date, but in no event later than seven (7) business days after such date, the Issuer will provide the successful bidder with a reasonable number of final Official Statements, not to exceed one hundred (100) f.o.b. Lake Charles, Louisiana. Such final Official Statements may be obtained without cost to the successful bidder from the Issuer as set forth herein. Additional copies of the final Official Statement may be obtained up to three months following the sale of the Bonds by a request and payment of costs for reproduction.

The approving legal opinion of Joseph A. Delafield, A Professional Corporation, of Lake Charles, Louisiana, and the transcript of record as passed upon, will be furnished to the successful bidder(s) without cost to it. The transcript will contain the usual closing proofs, including a certificate by the Issuer that up to the time of delivery, no litigation has been filed questioning the validity of the Bonds or the taxes necessary to pay the same.

For information relative to the Bonds not contained in the Notice of Bond Sale and the Official Statement, address Karl Bruchhaus, Chief Financial Officer of the Calcasieu Parish School Board, 1724 Kirkman Street, Lake Charles, Louisiana 70601; or Joseph A. Delafield, A Professional Corporation, Bond Counsel, 3401 Ryan Street, Suite 307, P.O. Box 4272, Lake Charles, Louisiana 70605/70606.

SECTION 4. The Calcasieu Parish School Board hereby adopts the Notice of Bond Sale contained in Section 3 hereof as the official Notice of Bond Sale, which shall be sent to persons who seek further information with respect to the Bonds and which will form part of the contract of sale of the Bonds.

SECTION 5. The Calcasieu Parish School Board hereby adopts the following as an official bid form which shall be used by prospective bidders for the Bonds described herein, and which shall be supplied to all persons seeking information with respect to the Bonds:

We offer to purchase TWO MILLION EIGHT HUNDRED FORTY-FIVE THOUSAND AND NO/100 ($2,845,000) DOLLARS General Obligation Public School Improvement Bonds of School District No. 26 of Calcasieu Parish, Louisiana, 2006 Series, in the initial denominations of one Bond for each maturity, with transfers in multiples of $5,000.00, bearing interest payable semi-annually on February 15 and August 15 of each year, beginning February 15, 2007, maturing serially, WITH OPTION OF PRIOR PAYMENT, all in accordance with the Notice of Bond Sale and Official Statement, all the terms and conditions of which by reference are made a part hereof, and bearing interest at rates as follows, viz:

MATURITY PRINCIPAL INTEREST MATURITY PRINCIPAL INTEREST

DATE AMOUNT RATE PER DATE AMOUNT RATE PER

(Feb. 15) ANNUM (Feb. 15) ANNUM

2007 80,000.00 _____% 2017 140,000.00 _____%

2008 90,000.00 _____% 2018 145,000.00 _____%

2009 90,000.00 _____% 2019 155,000.00 _____%

2010 95,000.00 _____% 2020 165,000.00 _____%

2011 100,000.00 _____% 2021 175,000.00 _____%

2012 105,000.00 _____% 2022 180,000.00 _____%

2013 115,000.00 _____% 2023 195,000.00 _____%

2014 120,000.00 _____% 2024 200,000.00 _____%

2015 125,000.00 _____% 2025 215,000.00 _____%

2016 130,000.00 _____% 2026 225,000.00 _____%

We will pay the principal sum of TWO MILLION EIGHT HUNDRED FORTY-FIVE THOUSAND AND NO/100 ($2,845,000) DOLLARS, together with accrued interest from the date of the Bonds to the date of delivery, plus a premium in the amount of $ .

For your information, we calculate the lowest effective interest rate to School District No. 26 to be %, said rate to be determined in accordance with the “True” or “Canadian” interest cost method of calculation by doubling the semiannual interest rate (compounded semiannually) necessary to discount the debt service payments from the payment dates to the date of the Bonds and to the price bid, excluding the accrued interest from the date of the Bonds to the date of their delivery.

Bonds bid for herein will be delivered and shall be paid for on or about February 23, 2006 at such place in Louisiana, and on such business day and at such hour, as the Issuer shall fix on five business days’ notice to the successful bidder, or at such other place and time as may be agreed upon with the successful bidder, it being understood that School District No. 26 will furnish to us, free of charge, at the time of delivery of the Bonds, the qualified approving legal opinion of Joseph A. Delafield, A Professional Corporation, of Lake Charles, Louisiana, and a certified transcript of this proceeding.

In accordance with the Notice of Bond Sale, we enclose herewith (certified) (cashier's) check(s) number(s) drawn on of , in the amount of FIFTY-SIX THOUSAND NINE HUNDRED AND NO/100 ($56,900.00) DOLLARS, which is tendered as evidence of our good faith in accordance with and under the provisions of the Official Statement and of the Notice of Bond Sale. Said check shall be returned to the undersigned upon award of the Bonds, provided this proposal is not accepted; otherwise, to be retained uncashed by School District No. 26 of Calcasieu Parish, Louisiana, and returned upon delivery of the Bonds and payment therefor, or to be cashed and forfeited as and for full liquidated damages in case of the failure of the undersigned to make such payment.

We acknowledge and understand the Bonds are designated as “qualified tax-exempt obligations” pursuant to Section 265(b)(3)(B) of the Internal Revenue Code of 1986.

This bid complies with the terms stipulated in the aforesaid Notice of Bond Sale, the receipt of which Notice of Bond Sale is hereby acknowledged.

Respectfully submitted,

by: Authorized Representative

And Associates

Bid accepted by resolution adopted by the Calcasieu Parish School Board, as governing authority of School District No. 26 of Calcasieu Parish, Louisiana, on this 24^th day of January, 2006.

PRESIDENT

Calcasieu Parish School Board

SECTION 6. All resolutions and orders or parts thereof in conflict herewith be and the same are hereby repealed.

APPROVED AND ADOPTED this 13^th day of December, 2005.

/s/ Joe A. Andrepont JOE A. ANDREPONT, President

Calcasieu Parish School Board

ATTEST:

/s/ Jude W. Theriot

JUDE W. THERIOT, Secretary

Preliminary Official Statement for School District Number 26

On motion by Mr. Duhon, seconded by Mr. Breaux and carried, the following was approved:

RESOLUTION

A RESOLUTION ADOPTING THE PRELIMINARY DRAFT OF THE OFFICIAL STATEMENT TO BE PROVIDED THE INITIAL PURCHASER(S) OF $4,400,000 GENERAL OBLIGATION PUBLIC SCHOOL IMPROVEMENT BONDS OF SCHOOL DISTRICT NO. 26 OF CALCASIEU PARISH, LOUISIANA, 2006 SERIES, AND AUTHORIZING ITS DISTRIBUTION TO PROSPECTIVE BIDDERS FOR THE BONDS; AND AUTHORIZING, APPROVING AND DIRECTING THE TAKING OF ALL OTHER ACTIONS NECESSARY TO THE CONSUMMATION OF THE TRANSACTIONS CONTEMPLATED BY THIS RESOLUTION.

WHEREAS, on November 12, 2005, an election was held in School District No. 26 of Calcasieu Parish, Louisiana, at which election the voters of School District No. 26 of Calcasieu Parish authorized said District to incur debt and issue bonds in an amount not to exceed $2,845,000, to run not to exceed twenty (20) years from the date thereof, with interest at a rate not exceeding eight (8%) percent per annum for the purpose of improving school buildings and acquiring the necessary equipment and furnishings therefor, title to which shall be in the public; and

WHEREAS, the sale of the 2006 Series of the Bonds in the principal amount of $2,845,000 will be held on January 24, 2006; and

WHEREAS, the Calcasieu Parish School Board must distribute to prospective bidders for the initial sale of the Bonds certain information to aid and assist those persons or institutions interested in bidding for the Bonds, in the form of a Preliminary Official Statement;

WHEREAS, an Official Statement must be provided to the successful bidder (initial purchaser of the Bonds) by the Calcasieu Parish School Board, which said Official Statement must contain not only all of the pertinent information which a prospective bidder requires but also information not yet available; and

WHEREAS, it is necessary or desirable to designate by resolution, (i) the Preliminary Official Statement as the “near final official statement” within the meaning of Rule 15c2-12 of the Securities and Exchange Commission (the “Rule”) and to approve the form and distribution thereof, and (ii) the individual who, for and on behalf of this Board and School District No. 26, would make such a decision.

NOW THEREFORE, BE IT RESOLVED by the Parish School Board of Calcasieu Parish, Louisiana, as the governing authority of School District No. 26 of Calcasieu Parish, Louisiana as follows:

SECTION 1. Approval and Designation. There is hereby delegated to the Chief Financial Officer authority to designate the form of the Preliminary Official Statement, with such revisions, additions and appendices thereto as he may deem necessary, in his discretion, as the “near final official statement” within the meaning of the Rule. Such form, when so approved by the Chief Financial Officer, is hereby authorized to be distributed to prospective purchasers of the Bonds.

SECTION 2. Final Official Statement. The Official Statement shall describe the final terms of the Bonds approved by the resolution of the Calcasieu Parish School Board authorizing issuance thereof and shall constitute the “final official statement” within the meaning of the Rule.

SECTION 3. Ratification. All actions heretofore taken by the Calcasieu Parish School Board and by the officers thereof or on their behalf, not inconsistent herewith directed toward preparation and delivery of the Preliminary Official Statement are hereby ratified, approved and confirmed.

SECTION 4. The Preliminary Official Statement. The preliminary draft of the Official Statement (a copy of which is on file in the office of the Superintendent of Schools of Calcasieu Parish) is hereby approved and adopted and copies thereof shall be distributed to prospective bidders for the Bonds.

SECTION 5. Other Matters. By the passage of this resolution, the Board does not intend to approve, nor is it approving hereby, any matters otherwise relating to execution and issuance of the Bonds.

SECTION 6. Severability. If any paragraph, clause, section or provision of this resolution is judicially adjudged invalid or unenforceable, such judgment shall not affect, impair or invalidate the remaining paragraphs, clauses, sections or provisions hereof.

SECTION 7. Repealer. All resolutions, ordinances, or orders in conflict herewith, be, to the extent of such conflict, and they are hereby repealed.

APPROVED AND ADOPTED this 13^th day of December, 2005.

/s/ Joe A. Andrepont JOE A. ANDREPONT, President

Calcasieu Parish School Board

ATTEST:

/s/ Jude W. Theriot

JUDE W. THERIOT, Secretary

(Other business not pertinent to the above appears in the minutes of the meeting.)

Pursuant to motion duly made and carried, the Parish School Board adjourned.

/s/ Joe A Andrepont

JOE A. ANDREPONT, President

Calcasieu Parish School Board

ATTEST:

/s/ Jude W. Theriot

JUDE W. THERIOT, Secretary

STATE OF LOUISIANA

PARISH OF CALCASIEU

I, JUDE W. THERIOT, do hereby certify that I am the duly qualified and appointed Secretary of the Calcasieu Parish School Board, the governing authority of School District No. 26 of Calcasieu Parish, Louisiana.

I further certify that the above and foregoing is a true and correct copy of an excerpt from the minutes of a meeting of the Calcasieu Parish School Board held on December 13, 2005, insofar as said minutes pertain to the matters therein set out, and that the foregoing resolutions are true and correct copies of the original resolutions adopted at said meeting as they appear officially of record in my possession.

IN WITNESS WHEREOF, witness my official signature and the impress of the official seal of the Calcasieu Parish School Board, governing authority of School District No. 26 of Calcasieu Parish, Louisiana, on this 13^th day of December, 2005.

______________________________________

JUDE W. THERIOT, Secretary

Authorization for Participation in Qualified Zone Academy Bond (QZAB) Program

On motion by Ms. LaVergne, seconded by Mr. Bernard and carried, the following was approved:

RESOLUTION

A RESOLUTION GIVING APPROVAL TO ISSUANCE OF NOT EXCEEDING NINE MILLION DOLLARS ($9,000,000) OF QUALIFIED ZONE ACADEMY BONDS PROGRAM (TAXABLE CERTIFICATES OF INDEBTEDNESS), SERIES 2005 (THE “CERTIFICATES”), OF THE CALCASIEU PARISH SCHOOL BOARD, STATE OF LOUISIANA; ESTABLISHING ONE OR MORE QUALIFIED ZONE ACADEMIES; ADOPTING ONE OR MORE COMPREHENSIVE EDUCATION PLANS; PROVIDING CERTAIN TERMS OF SAID CERTIFICATES; MAKING APPLICATION TO THE STATE BOND COMMISSION FOR APPROVAL OF SAID CERTIFICATES; AND PROVIDING FOR OTHER MATTERS IN CONNECTION THEREWITH.

WHEREAS, the Calcasieu Parish School Board (the “School Board”) desires to provide for the renovation, repairing, equipping and rehabilitation of certain public schools identified in Exhibit A hereto (collectively, the “Projects”) within the Calcasieu Parish School System meeting the criteria of “qualified zone academies” as set forth in Section 1397E of the Internal Revenue Code of 1986 (the “Code”);

WHEREAS, the Projects qualify for financing under the federal Qualified Zone Academy Bond (“QZAB”) program, provided that the School Board receives the appropriate Contribution (as defined herein) under the QZAB regulations;

WHEREAS, the School Board has determined that (i) it has a need to finance the Projects; (ii) the costs of the Projects constitute qualified expenditures pursuant to the QZAB regulations; and (iii) it desires to establish one or more Qualified Zone Academies as set forth in Exhibit B attached hereto (each an “Academy” and collectively the “Academies”) and it desires to adopt a Comprehensive Education Plan for each Academy as set forth in Exhibit C attached hereto (the “Plan”) in order to obtain QZAB financing for the Projects;

WHEREAS, in connection with the Projects, each of the Academies has received or will receive an allocation (“Allocation”) of the State of Louisiana’s (“State”) zone academy bond limitation from the Department of Education of the State (“Department”);

WHEREAS, the School Board reasonably expects to reimburse expenditures of the School Board made prior to issuance of the Certificates (hereinafter defined), if any, for the Project, and for expenditures for Hurricane Rita repairs within the Academies from proceeds of the Certificates and to have this resolution serve as a declaration of intent under Section 1.150-2 of the United States Treasury Regulations issued pursuant to the United States Internal Revenue Code of 1986, as amended (“Code”);

WHEREAS, pending completion of the plans and specifications of the Projects and issuance of the Certificates, the School Board needs to pay certain expenses incurred in connection with completion of the Projects, with such expenditures to be reimbursed from proceeds of the Certificates, when issued; and

WHEREAS, the School Board desires to allocate the proceeds of the Certificates to the individual schools within the Academies, all as more fully set forth in Exhibit A attached hereto,

NOW, THEREFORE, it is hereby resolved by the Calcasieu Parish School Board, that:

SECTION 1. Each of the Projects shown in Exhibit A attached hereto and the expenditures reflected therein in connection herewith are hereby approved with such changes, additions, or deletions as may be approved by the President and/or the Chief Financial Officer of the School Board (each an “Authorized Representative”), and the School Board hereby declares its intent to undertake the Projects.

SECTION 2. Each of the Academies shown in Exhibit B attached hereto is hereby designated as a Qualified Zone Academy pursuant to Section 1397E of the Internal Revenue Code of 1986, as amended, and the sections of the Regulations of the United States Department of the Treasury applicable thereto (the “QZAB Regulations”).

SECTION 3. The Plan for each Academy is hereby approved in substantially the form or substantially the terms as shown on Exhibit C attached hereto, with such changes, additions, or deletions as may be approved by the Authorized Representatives, and the School Board hereby commits to use its best efforts to implement each Plan.

SECTION 4. The School Board hereby declares its intent to issue not to exceed $9,000,000 of Qualified Zone Academy Bonds Program (Taxable Certificates of Indebtedness), Series 2005 (the “Certificates”) for a term not exceeding ten (10) years at not to exceed an interest rate of 1% per annum. The Certificates will be issued in the form of Certificates of Indebtedness under the authority of LSA-RS 33:2923 of the Louisiana Revised Statutes of 1950, as amended, and other constitutional and statutory authority, and are secured by and payable solely from an irrevocable pledge and dedication of the excess of annual revenues of the Issuer above statutory, necessary and usual charges in each Fiscal Year during which the Certificates are outstanding and any other legally available excess revenues of the Issuer.

SECTION 5. The Authorized Representative is hereby authorized to make application to the Department on behalf of the School Board for sufficient Allocation.

SECTION 6. The Authorized Representatives are hereby authorized and directed to secure a private entity partner willing to contribute cash or in-kind services or materials (the “Contribution”) having an acceptable present fair market value as of the date of the issuance of the Certificates of not less than 10% of the net present value of the amount of the Certificates and to negotiate the terms of a Contribution Agreement with one or more of such partners with the final form of such Contribution Agreement to be approved by this School Board.

SECTION 7. This Resolution evidences official intent of the School Board toward issuance of its Certificates as contemplated herein in accordance with the laws of this State and the United States Treasury Regulations Section 1.150-2(e). The Certificates are not expected to exceed an aggregate principal amount of $9,000,000.

SECTION 8. The School Board shall use funds currently available in its regular operating funds to pay certain initial costs of the acquisition and construction of the Projects, as subsequently identified by the Board, with such expenditures to be reimbursed from a portion of the proceeds of the Certificates, when issued. The allocation of the Certificate proceeds to reimburse the regular operating funds of the School Board shall be made in writing not later than 18 months after the later of: (a) the date the original expenditure is paid or (b) the date the relative Projects are placed in service or abandoned, but in no event more than three years after the original expenditure is paid. The expenditures to be reimbursed from Certificate proceeds shall be incurred solely to acquire, renovate, construct, or improve property having a reasonably expected economic life of at least one year and to pay the cost of such acquisition, construction and improvements. Certificate proceeds shall be used to reimburse these expenditures, and not for the reimbursement of operating costs or similar working capital items. This resolution is the official action of the School Board adopted as required by regulations promulgated by the Internal Revenue Service governing the reimbursement of prior expenses from bond proceeds, specifically those found in Section 1.150-2 of the United States Treasury Regulations, as referenced by Section 1.1397E-1 of the United States Treasury Regulations.

SECTION 9. Application is hereby formally made to the State Bond Commission, Baton Rouge, Louisiana, for its consent and authority to issue and sell the aforesaid Certificates, and a certified copy of this resolution shall be forwarded to the State Bond Commission on behalf of the School Board, together with a letter requesting the prompt consideration and approval of this application.

SECTION 10. This School Board finds and determines that a real necessity exists for the employment of special bond counsel in connection with the issuance of the Certificates, and accordingly, Joseph A. Delafield, A Professional Corporation, is hereby employed to do and perform comprehensive legal and coordinate professional work as bond counsel with respect to the issuance and sale of the Certificates. Said Bond Counsel shall prepare and submit to this School Board for adoption all of the proceedings incidental to the authorization, issuance, sale and delivery of such Certificates, shall counsel and advise this Governing Authority as to the issuance and sale thereof and shall furnish its opinion covering the legality of the issuance of the Certificates. The fee of Bond Counsel shall be fixed at a sum not exceeding the maximum fee allowed by the Attorney General’s fee schedule for comprehensive, legal and coordinate professional work in the issuance of revenue bonds and based on the amount of Certificates actually issued, sold, delivered and paid for, plus “out-of-pocket” expenses, said fees to be contingent upon the issuance, sale and delivery of said Certificates. A certified copy of this resolution shall be submitted to the Attorney General of the State of Louisiana for his written approval of said employment and of the fees herein designated, and the President and/or Chief Financial Officer is hereby empowered and directed to issue vouchers in payment for the work herein provided for upon completion of the work herein specified and under the conditions herein enumerated.

SECTION 11. Sisung Securities Corporation, New Orleans, Louisiana (“Sisung”) is hereby appointed and employed as Placement Agent/Underwriter in connection with the Certificates. Sisung shall assist the School Board in structuring the Certificates, assembling and preparing an official statement or appropriate disclosure materials for the Certificates, in underwriting and/or holding a competitive sale for the Certificates, and in reviewing and selecting the winning bidder for the Certificates. The fee to be paid to Sisung shall be payable from the proceeds of the Certificates.

SECTION 12. If any provision, item or application of this Resolution or the applications thereof are held invalid, such invalidity shall not affect other provisions, items or applications which can be given effect without the invalid provisions, items or applications; and, to this end, the provisions of this Resolution are hereby declared severable.

SECTION 13. This resolution shall be published as soon as possible in the official journal of the School Board or in a newspaper of general circulation within the School Board. For a period of thirty (30) days from the date of such publication, any person in interest may contest the legality of this resolution, any provision of the Certificates to be issued pursuant hereto, and the provisions made for the security and payment of the Certificates and the validity of all other provisions and proceedings relating to the authorization and issuance of the Certificates. After said thirty (30) days, no person may contest the regularity, formality, legality or effectiveness of this resolution, any provisions of the Certificates to be issued pursuant hereto, the provisions for the security and payment of the Certificates and the validity of all other provisions and proceedings relating to their authorization and issuance, for any cause whatsoever. Thereafter, it shall be conclusively presumed that the Certificates are legal and that every legal requirement for the issuance of the Certificates has been complied with. No court shall have authority to inquire into any of these matters after said thirty (30) days.

SECTION 14. This Resolution shall become effective immediately upon its adoption.

SECTION 15. All Resolutions in conflict herewith are hereby repealed.

/s/ Joe A. Andrepont

JOE A. ANDREPONT, President

Calcasieu Parish School Board

ATTEST:

/s/ Jude W. Theriot

JUDE W. THERIOT, Secretary

Calcasieu Parish School Board

(Other business not pertinent to the above appears in the minutes of the meeting.)

Pursuant to motion duly made and carried, the Parish School Board adjourned.

/s/ Joe A Andrepont

JOE A. ANDREPONT, President

Calcasieu Parish School Board

ATTEST:

/s/ Jude W. Theriot

JUDE W. THERIOT, Secretary

STATE OF LOUISIANA

PARISH OF CALCASIEU

IN FAITH WHEREOF, witness my official signature and the impress of the official seal of the Calcasieu Parish School Board on this 13^th day of December, 2005.

JUDE W. THERIOT, Secretary

EXHIBIT A

PROJECTS

EXHIBIT B

QUALIFIED ZONE ACADEMIES

EXHIBIT C

COMPREHENSIVE EDUCATION PLANS

Resolution Authorizing Issuance of Qualified Zone Academy Bond (QZAB)

On motion by Mr. Bernard, seconded by Mr. LaRocque and carried, the following Resolution was approved:

RESOLUTION

A RESOLUTION PROVIDING FOR INCURRING OF DEBT AND ISSUANCE OF NINE MILLION DOLLARS ($9,000,000) OF QUALIFIED ZONE ACADEMY BONDS PROGRAM (TAXABLE CERTIFICATES OF INDEBTEDNESS), SERIES 2005, OF THE CALCASIEU PARISH SCHOOL BOARD, STATE OF LOUISIANA; APPROVING THE FORM OF AND AUTHORIZING EXECUTION AND DELIVERY OF THE TRUST AGREEMENT, AND OTHER DOCUMENTS, CERTIFICATES OR CONTRACTS REQUIRED IN CONNECTION THEREWITH; AUTHORIZING AUTHORIZED REPRESENTATIVES OF THE SCHOOL BOARD TO DO ALL THINGS NECESSARY TO EFFECTUATE THIS RESOLUTION.

WHEREAS, by Resolution dated December 13, 2005(“Authorizing Resolution”), the Calcasieu Parish School Board (“Board”) gave approval to issuance of not exceeding Nine Million Dollars ($9,000,000) of Qualified Zone Academy Bonds (Certificates of Indebtedness) Series 2005 (“Bonds”);

WHEREAS, in the Authorizing Resolution the Board also (i) approved the Projects to be financed with proceeds of the Bonds; (ii) designated Academies and approved a Comprehensive Education Plan for each Academy; and (iii) directed the Authorized Representatives to secure the Contribution, all as required under the QZAB Regulations;

WHEREAS, Section 2921 to 2925, inclusive, of Title 33 of the Louisiana Revised Statutes of 1950, as amended (La. R.S. 33:2921, et. seq.) (“Act”) authorizes this Board to issue the Bonds which are payable from the excess of annual revenues of subsequent years above statutory, and necessary and usual charges, and

WHEREAS, the General Fund Budget for the Calcasieu Parish School System for the fiscal year ending June 30, 2006, shows surplus monies sufficient to meet the maximum principal and interest requirement for any future year on the Bonds; and

WHEREAS, pursuant to and in accordance with the foregoing, this Board now desires to issue $9,000,000 of its Qualified Zone Academy Bonds (Certificates of Indebtedness), Series 2005, in the manner authorized and provided by the Act and QZAB Regulations, for the purpose of (i) financing the costs of the Projects; and (ii) to pay costs of issuance of the Bonds;

WHEREAS, it is the desire of the Board to approve the details necessary with respect to issuance of the Bonds and to provide for their authorization and issuance as set forth in that certain Trust Agreement between the School Board and J.P. Morgan Trust Company, National Association (the “Trust Agreement”).

SECTION 1. Definitions. As used herein, the following terms shall have the following meanings, unless the context otherwise requires:

“Academies” have the meaning set forth in Exhibit B of the Authorizing Resolution.

“Act” means Sections 2921 to 2925, inclusive, of Title 33 of the Louisiana Revised Statutes of 1950, as amended (La. R.S. 33:2921, et seq.), and other constitutional and statutory amendatory of and supplemental thereto.

“Authorized Representatives” means the Board’s President, Secretary and any person appointed in writing by the President or the Secretary.

“Authorizing Resolution” means the Resolutions of the Board adopted December 13, 2005. “Bonds” or “Certificates” means $9,000,000 Calcasieu Parish School Board Qualified Zone Academy Bonds Program (Taxable Certificates of Indebtedness), Series 2005.

“Bond Counsel” means Joseph A. Delafield, A Professional Corporation, Lake Charles, Louisiana.

“Code” means the Internal Revenue Code of 1986 and regulations promulgated thereunder, as amended.

“Comprehensive Education Plans” have the meaning set forth in Exhibit C of the Authorizing Resolution.

“Contribution Agreements” shall mean the Contribution Agreements by and between the School Board and the Contributor.

“Contributor” shall mean National Education Foundation.

“Fiscal Year” shall mean the fiscal year of the Issuer, July 1 to June 30 of each year.

“Issuer,” “School Board” or “Board” means the Calcasieu Parish School Board, governing authority of the public school system for Calcasieu Parish, Louisiana.

“Issuing Resolution” means this Resolution.

“Projects” have the meaning set forth in Exhibit A of the Authorizing Resolution.

“Purchaser” means JPMorgan Chase Bank, N.A.

“QZAB Regulations” shall mean Section 1397E of the Code, including sections of United States Department of the Treasury regulations applicable thereto.

“Trust Agreement” means the Trust Agreement by and between Calcasieu Parish School Board and J.P. Morgan Trust Company, National Association.

SECTION 2. Authorization of Certificates; Maturities. In compliance with the terms and provisions of the Act and the QZAB Regulations, and other constitutional and statutory authority, there is hereby authorized incurring of an indebtedness of Nine Million Dollars ($9,000,000) for, on behalf of, and in the name of the Issuer, for the purpose of (i) financing the cost of the Projects; and (ii) paying costs of issuance of the Bonds, and to represent said indebtedness, this School Board does hereby authorize the issuance of $9,000,000 Qualified Zone Academy Bonds (Certificates of Indebtedness) Series 2005 of the Issuer. The Bonds will be issued only as fully registered bonds in denominations of $100,000 or any larger amount that is a multiple of $5,000 or in the form attached as Exhibit “A” to the Trust Agreement. The Bonds shall mature not later than ten (10) years from the date of issuance, and will bear interest at the rate of not to exceed 1% per annum, all as provided in and subject to terms and conditions of the Trust Agreement.

SECTION 3. Trust Agreement. The form and terms of the Trust Agreement, a copy of which is annexed hereto as Exhibit A, are hereby approved substantially as submitted to the Issuer, all of the provisions of which are hereby made a part of this Issuing Resolution, with such additions, omissions and changes as may be approved by Bond Counsel.

SECTION 4. Award of Bonds. Bonds, in the aggregate principal amount of $9,000,000 for a term not exceeding ten (10) years at a rate of interest not to exceed 1% per annum, are hereby awarded to the Purchaser provided that the parameters of the terms of the Bonds set forth in this Issuing Resolution and the Authorizing Resolution are not exceeded. The Bonds will be issued in the form of Certificates of Indebtedness under the authority of the Act, and are secured by and payable solely from an irrevocable pledge and dedication of the excess of annual revenues of the Issuer above statutory, necessary and usual changes in each Fiscal Year during which the Certificates are outstanding and any other legally available excess revenues of the Issuer.

SECTION 5. Appointment of Trustee. J.P. Morgan Trust Company, National Association, New Orleans, Louisiana, is hereby appointed and approved as Trustee under the Trust Agreement.

SECTION 6. Investment Agreement. Sisung Securities Corporation, New Orleans, Louisiana is hereby appointed and employed as investment advisor (the “Investment Advisor”) and shall assist the Issuer in soliciting proposals for investment of monies to be held in the debt service fund created under the Trust Agreement. The Investment Advisor, in consultation with its own counsel and with Bond Counsel, is hereby authorized and directed to solicit and accept proposals from investment providers on behalf of the Issuer in such manner as shall achieve the best terms available for the Issuer. The winning proposal from such investment providers shall be approved by an Authorized Representative.

SECTION 7. Authorized Representative. The Issuer hereby ratifies and confirms the Authorized Representatives for purposes of this Issuing Resolution and the Trust Agreement. The Authorized Representatives are hereby authorized and directed, for and on behalf of and in the name of the Issuer, to do any and all things necessary to effectuate and to implement this Issuing Resolution, including without limitation (i) to execute and deliver the Trust Agreement; (ii) to arrange for publication of this Issuing Resolution as may be required by law; (iii) to accept any qualified Contributions from the Contributor or any other qualified contributor, and to execute a Contribution Agreement in connection therewith, (iv) to execute and deliver any and all other agreements, documents or certificates necessary to implement the transactions contemplated herein; and (v) to approve any changes, additions or deletions in any of the agreements, documents, or certificate referred to or contemplated by this Issuing Resolution.

SECTION 8. Publication. This resolution shall be published as soon as possible in the official journal of the Issuer or in a newspaper of general circulation within the jurisdiction of the Issuer. For a period of thirty (30) days from the date of such publication, any person in interest may contest the legality of this Issuing Resolution, any provision of the Bonds to be issued pursuant hereto, and provisions made for security and payment of the Bonds and validity of all other provisions and proceedings relating to authorization and issuance of the Bonds. After said thirty (30) days, no person may contest the regularity, formality, legality or effectiveness of this Issuing Resolution, any provisions of the Bonds to be issued pursuant hereto, provisions for security and payment of the Bonds and validity of all other provisions and proceedings relating to their authorization and issuance, for any cause whatsoever. Thereafter, it shall be conclusively presumed that the Bonds are legal and that every legal requirement for issuance of the Bonds has been complied with. No court shall have authority to inquire into any of these matters after said thirty (30) days.

SECTION 9. Effective Date. This Resolution shall become effective immediately upon its adoption.

SECTION 10. Repealer. All Resolutions in conflict herewith are hereby repealed.

/s/ Joe A. Andrepont

JOE A. ANDREPONT, President

Calcasieu Parish School Board

ATTEST:

/s/ Jude W. Theriot

JUDE W. THERIOT, Secretary

Calcasieu Parish School Board

(Other business not pertinent to the above appears in the minutes of the meeting.)

Pursuant to motion duly made and carried, the Parish School Board adjourned.

/s/ Joe A Andrepont

JOE A. ANDREPONT, President

Calcasieu Parish School Board

ATTEST:

/s/ Jude W. Theriot

JUDE W. THERIOT, Secretary

STATE OF LOUISIANA

PARISH OF CALCASIEU

IN FAITH WHEREOF, witness my official signature and the impress of the official seal of the Calcasieu Parish School Board on this 13^th day of December, 2005.

JUDE W. THERIOT, Secretary

PRESENTATIONS

Outstanding School Support Awards

Mr. Jongbloed announced the winners and presented plaques to the following school support employees:

High School Division: Martin A. Payne, Vinton Elementary School

Middle School Division: Merrick Thomas, Reynaud Middle School

Elementary School Division: Annette Areno, Sam Houston High School

The President and Board congratulated the recipients and thanked them for their dedication and commitment to the welfare of children.

COMMITTEE REPORTS

Employee Benefits

Chairman Billy Breaux reported that the Employee Benefits Committee met on Thursday, November 17^th. A quorum was present.

The following items were reported for informational purposes only:

Blue Cross Blue Shield of Louisiana Health Insurance Update:

Ron Hayes, Risk Manager, introduced to the committee Mr. Dick Gregory and Mr. Larry Blackman, Regional Director of Blue Cross Blue Shield of Louisiana. Mr. Blackman presented the 2005 mid-year review of Calcasieu Parish School System’s experience. Year to date net claims paid from May – October totaled $12.784 million which is $2.0 million more than net claims for the same time period in 2004 – 2005. The school board’s health insurance participation has increased by 345.3 members in 2005. The average claim cost is $269.43 per member per month. The medical trend indicates costs will continue to rise over the next 12 months – national average is 12% for medical and 15% for prescription utilization. Further discussion by Mr. Blackman indicated a current plan surplus generated by current claims running under the plan’s aggregate attachment point. The continuation of this trend could benefit the plan at renewal time.

Mr. Dick Gregory explained Medicare Part D coverage. Medicare is adding prescription drug coverage effective January 1, 2006. Medicare will be reimbursing a subsidy to groups who provide drug coverage to Medicare eligible retirees. The CPSS has completed the application to apply for the subsidy of 28% of prescription claim costs to be issued 2007. The CPSS will be conducting two meetings for retirees to discuss Medicare Part D on November 29 and 30.

Mr. Breaux stated that there being no further business the meeting adjourned.

Pupil Personnel

Chairman Jay Duhon reported that the Pupil Personnel Committee met Tuesday, November 29^th. A quorum was present.

Mr. Duhon explained to members that the Calcasieu Corrective Action Plan for items cited during the fall 2004 special education site monitoring visit was submitted to the State with a resolution from the Calcasieu Parish School Board in June 2005. The presented revisions were approved.

On behalf of the committee, Mr. Duhon moved to approve the revisions as presented. The motion carried.

Summary of Significant Changes

· When LEA gave a percentage to show evidence of change, DOE removed percentage. The assumption by DOE is that you are always working for 100% compliance.

· DOE added that CPSB would offer compensatory educational services to students whose time in school was less than that stated on their IEP due to bus scheduling.

· DOE removed all statements of objections to findings made by CPSB.

· Method of inservice training was changed to small group, school based inservice. Dept. of Special Services has plans to use technology as a method of inservice rather than small group, school based to avoid removing teachers from the classroom during instructional time (Blackboard, video presentations, etc.).

· DOE removed CPSB’s request for the name of the teacher not providing instruction so appropriate actions could be taken.

· Timelines were changed for the screening and evaluation of students for talent from spring 2006 to fall 2005.

· Timeline for implementation of talented classes was changed from 2006-2007 school year to fall 2005.

Mr. Duhon reported that with no further discussion or business, the meeting adjourned.

Curriculum and Instruction

Chairman Philip Tarver reported that the Curriculum and Instruction Committee met on December 6, 2005. A quorum was present.

He reported the following:

1. PUPIL PROGRESSION PROMOTION DUE TO HURRICANE RITA

BESE has waived the state high stakes testing policy for 4^th and 8^th grade students and deferred high stakes decisions to local school districts for the 2005-2006 school year only. The C&I Department staff, after considering several options for 4^th and 8^th grade progression and in the overall best interest of the children of Calcasieu Parish, has chosen to revise the Pupil Progression Plan as noted below. Judy Vail was asked to explain the difference between the current pupil progression plan and the recommended hurricane pupil progression plan for 4^th and 8^th graders.

Current 4^th Grade Pupil Progression: All 4^th graders in 2005-2006 must score Basic /Approaching Basic in ELA/math to promote to 5^th grade.

Hurricane 4^thGrade Recommendation for Initial (1^st Time) Tester Spring

2006: All 4^th grade spring 2006 first time testers not scoring above Approaching Basic/Approaching Basic in ELA/math must attend summer school, meet attendance requirements, retest, and score at least Approaching Basic/Approaching Basic in ELA/math to promote to 5^th grade.

Promotion requirements for Initial 1^st Time Tester:

B/U – Promotes to 5^th grade if they attend summer school and meet attendance requirements in the Unsatisfactory subject as well as retest in that subject
AB/AB – Promotes to 5^th grade if they attend summer school and meet attendance requirements in at least 1 subject and retest in that subject
AB/U – Promotes to 5^th grade if they attend summer school and meet attendance requirements in the Unsatisfactory subject and score AB in that subject
U/U – Promotes to 5^th grade if they attend summer school in both subjects and score AB in both subjects

Students not meeting the remediation/retesting requirements will remain in 4^th

grade. There will be no 4.5 placement.

Hurricane 4^th Grade Recommendation for Repeater Testing Spring 2006: All 4^th grade repeaters automatically promote to 5^th grade.

Promotion requirements for Repeater:

4.0 Repeaters– Promotes to 5^th grade – summer school /retesting optional
4.5 Repeaters– Promotes to 5^th grade – summer school/retesting optional
* 4.5 Repeaters – Promotes to 6^th grade if students score Basic/AB or above, has a composite score of 1200 points on all 4 components of LEAP 21 and coursework is passed
4.0 or 4.5 Repeaters who are 12 years old on or before September 30, will have placement determined by SBLC in 4^th, 5^th, or 6^th grade

*State has not waived the requirements for students to promote from 4.5 to 6^th grade.

Current 8th Grade Pupil Progression: All 8^th graders in 2005-2006 must score Basic /Approaching Basic in ELA/math to promote to 9^th grade with waiver option for Approaching Basic/Approaching Basic promotion if they attend and meet summer school requirements, retest, and maintain or score higher in both ELA/math.

Hurricane 8^th Grade Recommendation for Initial (1^st Time) Tester Spring

2006: All 8^th grade spring 2006 first time testers not scoring above Approaching Basic/Unsatisfactory in ELA/math must attend summer school, meet attendance requirements, retest, and score at least Approaching Basic in either ELA or math to promote to 9^th grade.

Promotion Requirements for Initial (1^st Time) Tester:

B/U – Promotes to 9^th grade with high school remedial course in the Unsatisfactory subject – summer school/retesting optional
AB/AB – Promotes to 9^th grade – summer school/retesting optional
AB/U – Promotes to 9^th grade if they attend summer school and meet attendance requirements in the Unsatisfactory subject as well as retest in that subject. If score still Unsatisfactory, student will take high school remedial course in that subject.
U/U – Promotes to 9^th grade if they attend summer school and meet attendance requirements in both subjects, retest in both, and score AB in only 1 of the subjects. Student will take a 9^th grade remedial course in the Unsatisfactory subject.
Students who will be 16 years old during the school year, attend summer school, meet attendance requirements in Unsatisfactory subject(s) and retest in those subjects, will have the SBLC determine placement in either 8^th or 9^th grade (with high school remedial course in any Unsatisfactory subject).

Students not meeting the remediation/retesting requirements will remain in 8^th grade.

Hurricane 8^th Grade Recommendation for Repeater Testing Spring 2006: All 8^th grade repeaters automatically promote to 9^th grade.

Promotion Requirements for Repeater:

8.0 Repeaters – Promotes to 9^th grade with remedial course in any Unsatisfactory subject - summer school/retesting optional

o 8.5 Repeaters

§ Promotes to 9^th grade with high school remedial course in any Unsatisfactory subject if student

has earned 4 or fewer Carnegie units - summer school/retesting optional

§ Promotes to 10^th grade with high school remedial course in any Unsatisfactory subject if student has earned 5 or more Carnegie units - summer school/retesting optional

A motion was made to accept the Calcasieu 4^th Grade and 8^th Grade Progression,

Revised: Hurricane State Waiver Option, December, 2005 as recommended by

staff. The motion was seconded and carried.

On behalf of the committee, Mr. Tarver moved to accept the Calcasieu 4^th Grade

and 8^th Grade Progression, Revised: Hurricane State Waiver Option, December,

2005 as recommended. The motion carried.

2. 2006-2007 SCHOOL / ADMINISTRATIVE CALENDARS

Mr. Tarver reported that the 2006-2007 School / Administrative Calendars, as presented, were the recommendation of the Calendar Planning Committee composed of principals, assistant principals, and central office staff. Built into the calendar are 182 required teacher days and 174 required student days. A motion to accept the 2006-2007 School / Administrative Calendars as recommended by the Calendar Planning Committee was made and approved.

On behalf of the committee, Mr. Tarver moved to accept the calendars as recommended. The motion carried.

Mr. Tarver stated that with no further discussion or business, the meeting adjourned.

TAKE APPROPRIATE ACTION

Election of Officers for 2006

Mr. Andrepont opened the floor for nominations for the office of Vice-President of the Calcasieu Parish School Board for 2006.

Rev. Franklin nominated Jay Duhon for the position of Vice-President of the Board for 2006.

Mr. Breaux moved that the nominations cease and Mr. Duhon be elected by acclamation. No second was necessary; Jay Duhon was elected as Board Vice-President for 2006, by acclamation.

Mr. Anderepont opened the floor for nominations for the office of President of the Calcasieu Parish School Board for 2006.

Mr. Breaux nominated Ed Stephens for the position of President of the Board for 2006.

Mr. Duhon moved that the nomination cease and Dr. Stephens be elected by acclamation. No second was necessary; Ed Stephens was elected as Board President for 2006, by acclamation.

Superintendent’s Contract – Under Separate Cover

By general consent action on the Superintendent’s Contract was placed after Executive Session.

Consideration of Purchase of Old Sam’s Facility

Mr. Bruchhaus explained that the issue involving the relocation of the Calcasieu Parish School Board Warehouse, Transportation, and Maintenance Departments had been resolved prior to Hurricane Rita. Staff had recommended, with unofficial Board concurrence, that renovations be explored at the current Chennault facility. Hurricane Rita damaged our facilities at Chennault beyond renovation. The Maintenance Department is currently working out of temporary classroom buildings at Chennault while the Transportation and Warehouse Departments are in leased facilities between Westlake and Maplewood. Both facilities were leased for one year.

The Chennault facility post-hurricane would require demolition and reconstruction with a number of issues involved including raising the entire facility by eighteen inches for flood issues. The estimated total cost to rebuild with comparable square footage would be greater than $6 million dollars. Obviously, as the facility is downsized, the price goes down.

Staff concurred that we should explore the Sam’s facility as an option. The current asking price for the facility is $1.89 million. Our architect has estimated costs for building offices, bus repair areas, additional restrooms, with required upgrades and fencing at another $1.9 million for a maximum outlay of $3.8 million. We would obviously hope to pay less than asking price. At 107,000 square feet, the maximum cost per square foot would be $35.52 including the 14.5 acres on which the building is located. The cost of building a new facility within the next year would likely cost between $70 and $80 square foot on average. The one-year timeline with only 10 months remaining is also unrealistic.

Staff makes the following recommendation:

· The Calcasieu Parish School Board authorize the Superintendent to make an offer with corresponding negotiation on the vacated Sam’s property at 3310 Broad Street for the relocation of various School Board Departments including, but not limited to Warehouse, Transportation, Maintenance and Planning and Construction.

After considerable discussion, Ms. Duhon made a motion, seconded by Ms. LaVergne, to accept the recommendation to negotiate an offer to purchase the Sam’s property at 3310 Broad Street for the relocation of various departments. The motion carried with four nay votes by Mr. Andrepont, Mr. Duhon, Rev. Franklin, and Mr. LaRocque.

Resolution Authorizing Execution of Deed with the Calcasieu Parish Police Jury

On motion by Mr. Bernard, seconded by Mr. Karr and carried, the following Resolution and Deed in connection with the Calcasieu Parish Police Jury was approved:

SEQ CHAPTER \h \r 1RESOLUTION

A RESOLUTION AUTHORIZING EXECUTION OF DEED WITH THE CALCASIEU PARISH POLICE JURY

BE IT RESOLVED by the Calcasieu Parish School Board, convened in regular session on the 13^th day of December, 2005, that the President be and he is hereby authorized to execute a deed with the Calcasieu Parish Police Jury for the following described property under the terms and conditions set forth in the attached Deed:

Commencing at a point on the West side of street at point of intersection with South line of Lot 50 of Block “C” of George Lock Subdivision of North half (N-1/2) of Southeast Quarter (SE -1/4) and South half (S-1/2) of Northeast Quarter (NE-1/4) of Section Thirty-Four (34), Township Nine (9) South, Range Ten (10) West, in the Town of Sulphur, Louisiana, said point being Fifty-Two and Six-tenths (52.6) feet, more or less, West of the Southeast Corner of said lot Fifty, thence North Eighty - Four (84) feet, more or less to property sold to B.S. Walker, thence West One Hundred Sixty four and Three Tenths(164.3) feet, more or less, to Old Houston Right Canal right-of-way, thence Southwesterly along said right-of-way Ninety-Two (92) feet, more or less to South line of said lot Fifty (50), thence East along said South line Two Hundred One and Four-Tenths (201.4), more or less, to point of commencement.

PASSED, ADOPTED AND APPROVED at Lake Charles, Louisiana on the date inscribed above.

ATTEST:

_______________________

JUDE W. THERIOT

SECRETARY

SEQ CHAPTER \h \r 1STATE OF LOUISIANA

PARISH OF CALCASIEU

DEED

Appearing herein are Hal McMillin, authorized President of the Calcasieu Parish Police Jury and Joe A. Andrepont, authorized President of the Calcasieu Parish School Board, in accord with the resolutions attached to and made part hereof.

Whereas, the Calcasieu Parish Police Jury [referred to herein as the “Police Jury”] and the Calcasieu Parish School Board [referred to herein as the “School Board] entered into a lease-purchase Cooperative Endeavor Agreement on September 19, 2000, [referred to herein as the “Agreement] under which the School Board has the right to lease and purchase from the Police Jury the property described below;

Whereas, the School Board, in accord with the Agreement, has paid rent in the amount of $8,200.00 per year for five [5] years said rent being payable on the anniversary date of the Agreement, for a total of $41,000.00 receipt of which is acknowledged by the Police Jury;

Whereas, in accord with the Agreement, upon receipt of said $41,000.00, the Police Jury is obligated to convey title to the property to the School Board;

Now therefore, in consideration of the receipt of the purchase price of $41,000.00 from the School Board, the Police Jury hereby conveys to the School Board all of its rights, title, and interest free from any encumbrances whatsoever, with full warranty of title and all legal warranties and with full substitution and subrogation to all rights and actions of warranty against all former owners and vendors, the following described property which the School Board accepts and acknowledges due delivery and possession thereof: see Exhibit A attached to and made part hereof.

This sale is subject to any restrictions, mineral or royalty reservations, mineral leases, rights of way, or any other servitude or easement which may appear of record and bear upon the property, all of which are excluded from the general warranty of title.

Thus done and signed in triplicate originals in Lake Charles, Louisiana on this day of , 2005, in the presence of the undersigned competent witnesses and me, Notary, after a reading of the whole.

Calcasieu Parish Police Jury by:

______________________________

Hal McMillin, President

______________________________

Witness Signature

______________________________

Witness Signature

__________________________________

Notary Public Signature

__________________________________

Notary Public Printed Name and Number

Thus done and signed in triplicate originals in Lake Charles, Louisiana on this ___________ day of ________________, 2005, in the presence of the undersigned competent witnesses and me, Notary, after a reading of the whole.

Calcasieu Parish School Board by:

________________________________

Joe A. Andrepont, President

__________________________________

Witness Signature

__________________________________

Witness Signature

__________________________________

Notary Public Signature

__________________________________

Notary Public Printed Name and Number

BID REPORTS

Furniture and Equipment for S.J. Welsh Middle School, General and Bond District

The following bids were received:

Vendor Name Bid Price

C&C Audio Visual $ 2,976.00 (B)

Cabinets and Tops $ 9,940.00 (B)

Louisiana School Equipment $ 168.00 (B)

School Specialty, Inc., $ 87,665.55 (GF)

$ 40,237.20 (B)

Total Bid Amount $140,986.75

On motion by Mr. Bernard, seconded by Mr. Pitre and carried, the low bid for each item meeting specifications was approved.

PERMISSION TO ADVERTISE

Roof Replacement at Kaufman Elementary School, QZAB Funds, Moss Architects, Designer

On motion by Mr. Bernard, seconded by Mr. Robert and carried, permission to advertise for the roof replacement at Kaufman Elementary School, QZAB funds, Moss Architects, Designer, was approved.

CORRESPONDENCE

Change Order Number One (1) for the Project “Renovations to the Barbe High School Baseball Complex,” Project Number 200507

On motion by Mr. Bernard, seconded by Mr. Pitre, change order number one (1) for the project “Renovations to the Barbe High School Baseball Complex,” project number 200507, hurricane Rita damage for an increase of $5,977.00 and nine (9) days, C. Gayle Zembower, Architect, Inc., designer; Alfred Palma, Inc., contractor, was approved.

Change Order Number Two (2) for the Project “Renovations to the Barbe High School Baseball Complex,” Project Number 200507

On motion by Mr. Bernard, seconded by Mr. Pitre, change order number two (2) for the project “Renovations to the Barbe High School Baseball Complex,” project number 200507, school district number 34 bond funds for an increase of $16,460.00 and ten (10) days, C. Gayle Zembower, Architect, Inc., Designer; Alfred Palma, Inc., contractor, was approved.

Change Order Number Five (5) for the Project “Renovations to the Barbe High School Baseball Complex,” Project Number 200214

On motion by Mr. Bernard, seconded by Mr. Pitre and carried, change order number five (5) for the project “Renovations to the Barbe High School Baseball Complex,” project number 200214, school district number 34 bond funds for an increase of $52,930.00 and thirty (30) days, C. Gayle Zembower, Architect, Inc., designer; Alfred Palma, Inc., contractor, was approved.

Beneficial Occupancy for the Project “Additions and Renovations to Barbe High School,” Project Number 200211

On motion by Mr. Bernard, seconded by Mr. Pitre and carried, beneficial occupancy for the project “Additions and Renovations to Barbe High School,” project number 200211, C. Gayle Zembower, Architect, Inc., designer; Alfred Palma, Inc., contractor, was approved.

Change Order Number Six (6) for the Project “Additions and Renovations to John F. Kennedy Elementary School,” Project Number 200103

On motion by Rev. Franklin, seconded by Mr. Bernard and carried, change order number six (6) for the project “Additions and Renovations to John F. Kennedy Elementary School,” project number 200103, school district number 33 bond funds for an increase of $5,875.00, C. Gayle Zembower, Architect, Inc., designer; Alfred Palma, Inc., contractor, was approved.

Recommendation of Acceptance for the Project “Additions and Renovations to Vincent Settlement Elementary School,” Project Number EA2004-25

On motion by Mr. Duhon, seconded by Mr. Breaux and carried, recommendation of acceptance for the project “Additions and Renovations to Vincent Settlement Elementary School,” project number EA2004-25, school district number 30 bond funds, Ellender Architects and Associates, designer; John D. Myers and Associates, Inc., Contractor

SUPERINTENDENT’S REPORT

Suggested Board Date – January 10, 2006

On motion by Mr. Duhon, seconded by Mr. Webb and carried, January 10, 2006, was approved.

2004-2005 Accountability Growth Report

Mr. Theriot gave a brief report on the accountability growth.

CONDOLENCES/RECOGNITIONS

Mr. LaRocque thanked Mr. Theriot for the many years of service to our school system.

Rev. Franklin extended his appreciation to Mr. Theriot and wished him well with future endeavors.

Mr. Breaux wished Mr. Theriot success.

Mr. Duhon also wished Mr. Theriot success. He commended Sulphur High School’s football team for reaching the final playoffs.

Mr. Karr proudly announced the new arrival of his first great grandson, Dallas Karr.

Mr. Falgout wished Mr. Theriot good luck.

Mr. Pitre wished Mr. Theriot success with future ventures and stated he will be missed.

Mr. Webb extended well wishes Mr. Theriot.

Ms. LaVergne requested a letter of condolence to Carolyn Johnson on the loss of Alexander Johnson. She wished Mr. Theriot good luck and stated he will be missed.

Mrs. Duhon bid Mr. Theriot farewell.

Mr. Robert extended congratulations to all the high school football teams for their success and perseverance during these difficult times. He expressed his appreciation and well wishes to Mr. Theriot.

Mr. Bernard extended his appreciation to Mrs. Beloney and food service personnel for the delicious Christmas lunch. He thanked Mr. Theriot for a job well done.

Dr. Stephens congratulated Mr. Theriot and thanked him for his professionalism and wished him well.

Mr. Webb requested a letter of condolence to Ed Young on the loss of his mother. He also expressed well wishes to Mr. Theriot.

Mr. Andrepont wished Mr. Theriot success with future endeavors. He expressed his appreciation to Mrs. Beloney and staff for hosting the wonderful Christmas lunch. Mr. Andrepont thanked the Board and school system for their confidence and support and stated that it has been a privilege to serve as President of the Board.

SCHEDULE STANDING COMMITTEE MEETINGS

Board Meeting – Tuesday, January 10, 4:45

Budget Fiscal Management – Tuesday, January 17, 4:45

EXECUTIVE SESSION

On motion by Mr. Breaux, seconded by Mr. LaRocque and unanimously carried, the Board went into Executive Session at 5:50 p.m. to discuss personnel matters. The Board resumed regular open session at 7:00p.m.

TAKE APPROPRIATE ACTION

Personnel

On motion by Mr. Karr, seconded by Mr. Duhon and unanimously carried, the following personnel changes were approved as recommended by the Superintendent:

RECOMMENDATIONS FOR PERSONNEL CHANGES

Resignation

Dee Dee Savoy, Clerk, Child Welfare and Attendance Department.

Recommend that her resignation become effective December 31, 2005.

Heather Litton, Teacher, Brentwood Elementary School.

Recommend that her resignation become effective December 31, 2005.

Pernell Goodly, Custodian, Washington-Marion High School.

Recommend that his resignation become effective November 7, 2005.

DeAnna Broussard, Teacher, Maplewood/LeBlanc Middle Schools.

Recommend that her resignation become effective November 1, 2005.

D'Shaun Thomas, Part time School Clerk, J. J. Johnson Elem.

Recommend that her resignation become effective November 2, 2005.

Ken Potts, Teacher, Washington-Marion High School.

Recommend that his resignation become effective November 7, 2005.

Brenda Prosser, Teacher Aide, Moss Bluff Elementary School.

Recommend that her resignation become effective November 18, 2005.

Brenda Maddox, Teacher, Westwood Elementary School.

Recommend that her resignation become effective November 4, 2005.

Dorothy Bryant, Cafeteria Tech., Career Center.

Recommend that her resignation become effective November 10, 2005.

Michael Brignac, Teacher, F. K. White Middle School.

Recommend that his resignation become effective November 1, 2005.

Francis Washington, Custodian, Combre/Fondel Elementary School.

Recommend that his resignation become effective November 9, 2005.

Gary Viator, Teacher Aide, Sulphur High 9^th Grade Campus.

Recommend that his resignation become effective December 16, 2005.

Loretha Little, Bus Driver, Clifton Elementary School.

Recommend that her resignation become effective November 14, 2005.

Miranda Smith, Teacher, J. J. Johnson Elementary School.

Recommend that her resignation become effective November 18, 2005.

Velma Hypolite, Teacher, Oak Park Middle School.

Recommend that her resignation become effective November 8, 2005.

Kassi Maneille, Cafeteria Tech., Dolby Elementary School.

Recommend that her resignation become effective November 3, 2005.

Sandra Joseph, Custodian, Vinton Elementary School.

Recommend that her resignation become effective November 21, 2005.

Venus DeJean, Teacher Aide, Reynaud Middle School.

Recommend that her resignation become effective November 30, 2005.

Barbara Potier, Teacher, Clifton Elementary School.

Recommend that her resignation become effective November 28, 2005.

Charles Vicknair, Teacher/Head Coach, LaGrange High School.

Recommend that his resignation of his coaching duties only become effective

November 7, 2005.

Kathy Norris, Teacher, Ralph Wilson Elementary School.

Recommend that her resignation become effective November 28, 2005.

Lawrence Born, Jr., Teacher, Career Center.

Recommend that his resignation become effective November 30, 2005.

Mohagany Barrow, Teacher, Prien Lake Elementary School.

Recommend that her resignation become effective November 30, 2005.

Rhonda Borel, Teacher, Westwood Elementary School.

Recommend that her resignation become effective December 2, 2005.

Brian Gibson, Assistant Principal, S. J. Welsh Middle School.

Recommend that his resignation become effective December 16, 2005.

Patricia Dantoni, Cafeteria Tech., Barbe High School.

Recommend that her resignation become effective December 2, 2005.

Janice Nero, Cafeteria Tech., Gillis Elementary School.

Recommend that her resignation become effective September 16, 2005.

Richard Vice, Teacher, J. I. Watson Middle School.

Recommend that his resignation become effective December 6, 2005.

Leta Bourgeois, Custodian, Bell City High School.

Recommend that her resignation become effective December 6, 2005.

Norman Carter, Custodian, Special Services Department.

Recommend that his resignation become effective December 31, 2005.

Mary Wolfe, Custodian, W. W. Lewis Middle School.

Recommend that her resignation become effective October 21, 2005.

Carl Flanagan, Teacher, Moss Bluff Middle School.

Recommend that his resignation become effective December 9, 2005.

Eratta Baham, Custodian, LeBlanc Middle School.

Recommend that her resignation become effective December 16, 2005.

Sephanie Jackson, Clerk C, TASI Department.

Recommend that her resignation become effective January 2, 2006.

Retirement Notification

Barbara Baird, Speech Therapist, Special Services Department.

Recommend that her notification of retirement become effective October 26, 2005.

Clifford Bertrand, Bus Driver, LaGrange High School.

Recommend that his notification of retirement become effective

November 11, 2005.

Evelyn McGee, School Clerk, Nelson Elementary School.

Recommend that her notification of retirement become effective

December 31, 2005.

Sherrill Hernandez, Teacher, W. W. Lewis Middle School.

Recommend that her notification of retirement become effective

January 29, 2006.

Luke LeJeune, Teacher, Jake Drost School.

Recommend that her notification of retirement become effective

December 17, 2005.

Bernett Jardell, Director, Warehouse & Transportation Department.

Recommend that his notification of retirement become effective

December 31, 2005.

Wilma Breaux, Counselor, Moss Bluff Middle School.

Recommend that her notification of retirement become effective January 31, 2006.

Ida Aught, Teacher, T. H. Watkins Elementary School.

Recommend that her notification of retirement become effective January 17, 2006.

Catherine Stemmler, Bus Aide, Gillis Elementary School.

Recommend that her notification of retirement become effective February 22, 2006.

Claiborne Settoon, Bus Driver, T. S. Cooley Elementary School.

Recommend that her notification of retirement become effective February 9, 2006.

Notification of Approved Retire-Rehire

Evelyn Hays, Teacher, Oak Park Elementary School.

Approved notification of retirement effective December 7, 2005 and rehire effective

December 9, 2005.

Leave Without Pay

Stacy Trail, Cafeteria Tech., Barbe Elementary School.

Recommend that she be granted a leave without pay beginning November 7, 2005

until November 14, 2005.

Jeanine Freeman, Cafeteria Tech., Reynaud Middle School.

Recommend that she be granted a leave without pay beginning October 20, 2005

until May 31, 2006.

Suzanne Antoine, Teacher Aide, Headstart Programs.

Recommend that she be granted a leave without pay beginning December 1, 2005

until May 31, 2006.

Stacey Martarona, V.I. Aide, Special Services Department.

Recommend that she be granted a leave without pay beginning November 28, 2005

until May 31, 2006.

Alexis Stevens, School Clerk, Washington-Marion High School.

Recommend that she be granted a leave without pay beginning October 31, 2005

until May 31, 2006.

Harriet Bias, Cafeteria Tech., Barbe High School.

Recommend that she be granted a leave without pay beginning November 1, 2005

until January 3, 2006.

Marian Palumbo, Cafeteria Tech., Maplewood Middle School.

Recommend that she be granted a leave without pay beginning October 25, 2005

until November 15, 2005.

Linda Doran, Cafeteria Tech., Westwood Elementary School.

Recommend that she be granted a leave without pay beginning November 28, 2005

until January 2, 2006.

Leah Howard, School Clerk, Oak Park Middle School.

Recommend that she be granted a leave without pay beginning January 1, 2006

until February 13, 2006.

Dana Frazier, Teacher Aide, College Oaks Elementary School.

Recommend that she be granted a leave without pay beginning November 9, 2005

until May 31, 2006.

Wanda Duran, Teacher, Moss Bluff Elementary School.

Recommend that she be granted a leave without pay for the spring semester of the

2005-2006 school session.

Terry Foreman, Cafeteria Tech., Vincent Settlement Elementary School.

Recommend that she be granted a leave without pay beginning December 7, 2005

until December 16, 2005.

Martina Hanson, V.I. Aide, Special Services Department.

Recommend that she be granted a leave without pay beginning January 3, 2006

until May 31, 2006.

Rescind Leave

Deborah Jones, Teacher Aide, Washington-Marion High School.

Recommend that her request for leave without pay be rescinded

November 28, 2005.

Maternity Leave

Danna Rollins, Teacher, Ralph Wilson Elementary School.

Recommend that she be granted a maternity leave beginning September 12, 2005,

until November 28, 2005.

Stephanie Gary, Speech Pathologist, Special Services Department.

Recommend that she be granted a maternity leave beginning October 21 2005 until

January 10, 2006.

Jennifer Scallan, Teacher, Moss Bluff Elementary School.

Recommend that she be granted a maternity leave beginning November 3, 2005

until January 13, 2006.

Gina Murphy, Teacher, Bell City High School.

Recommend that she be granted a maternity leave beginning December 13, 2005

until February 8, 2006.

Lanette Haymark, Teacher, J. I. Watson Middle School.

Recommend that she be granted a maternity leave beginning March 13, 2006 until

May 1, 2006.

Tiffany Washington, Assistant Principal, Pearl Watson Elementary.

Recommend that she be granted a maternity leave beginning December 6, 2005

until February 5, 2006.

Tara Shetler, Teacher, S. J. Welsh Middle School.

Recommend that she be granted a maternity leave beginning November 14, 2005

until January 3, 2006.

Amy Dowe, Teacher, W. T. Henning Elementary School.

Recommend that she be granted a maternity leave beginning January 26, 2006 until

March 9, 2006.

Medical Sabbatical

Lisa Stubbs, ELA Teacher, S. J. Welsh Middle School.

Recommend that she be granted a leave for medical purposes for the spring semester of the 2005-2006 school session.

Katherine Jones, 2^nd Grade Teacher, J. I. Watson Middle School.

Recommend that she be granted a leave for medical purposes for the spring

semester of the 2005-2006 school session.

Marcus Smith, Tech. Facilitator, Special Services Dept. Recommend that he be granted a leave for medical purposes for the spring semester of the 2005-2006 school session and the fall semester of the 2006-2007 school session.

Professional Development

Liz Dronet, Art Teacher, Bell City High School.

Recommend that she be granted a leave for professional development for the spring semester of the 2005-2006 school session.

Denise Richard, Special Ed Teacher, Maplewood Middle School.

Recommend that she be granted a leave for professional development for the spring semester of the 2005-2006 school session.

Dianna Thompson, LA4 Teacher, Moss Bluff Elementary School.

Recommend that she be granted a leave for professional development for the spring semester of the 2005-2006 school session.

Julie Richard, 3^rd Grade Teacher, Vincent Settlement Elementary.

Recommend that she be granted a leave for professional development for the spring semester of the 2005-2006 school session.

Waive Act 715

Mary Dyer, Teacher, LaGrange High School.

Recommend that Act 715 be waived on her behalf and her resignation become

effective January 11, 2006.

Permission to Advertise

On motion by Mr. Bernard, seconded by Mr. Webb and carried, permission to advertise for the Teacher/Head Coach for LaGrange High School, was approved.

On motion by Mr. Bernard, seconded by Mrs. Duhon and carried, permission to advertise for a Director of Warehouse and Transportation, was approved.

Recommendations

On motion by Mr. Bernard, seconded by Mr. Pitre and carried, Mary Foreman was named Assistant Principal for F. K. White Middle School.

Superintendent’s Contract

The Superintendent’s Contract was presented.

On motion by Mr. Pitre, seconded by Mr. Breaux and unanimously carried, the following employment contract between Wayne Savoy and the Calcasieu Parish School Board to reflect the annual compensation of $130,000.00 was approved:

SEQ CHAPTER \h \r 1EMPLOYMENT CONTRACT

BETWEEN WAYNE SAVOY AND

CALCASIEU PARISH SCHOOL BOARD

It is hereby agreed by and between the CALCASIEU PARISH SCHOOL BOARD, a political subdivision of the State of Louisiana, located in Calcasieu Parish, Louisiana (hereinafter called the “Board”), and WAYNE SAVOY (hereinafter called “Superintendent”) that the Board in accordance with its action found in the minutes of its meeting held on the 13th day of September , 2005, does hereby appoint and employ said WAYNE SAVOY as the Superintendent of Schools for the Calcasieu Parish School System for the period commencing the 1^st day of January, 2006 and ending at midnight on the 31^st day of December , 2008.

WHEREAS, the Board desires to provide the Superintendent with a written employment contract in order to enhance administrative stability and continuity within the school system, and

WHEREAS, the Board and the Superintendent believe that a written employment contract will better define and guide their relationship and serve as a basis for effective communication between them as they perform their governing and administrative functions in the operation of the school system.

NOW THEREFORE, the Board and the Superintendent, for the reasons herein specified, agree as follows:

TERM, RENEWAL AND EVALUATION

In consideration of the promises herein contained the Board does hereby employ the Superintendent and the Superintendent does hereby accept employment as the Superintendent of Schools for the Calcasieu Parish School System for a period of three (3) years commencing on the 1st day of January, 2006 and ending at midnight on the 31^st day of December, 2008. The Board shall evaluate the performance of the Superintendent in November of each year, except during the final year of this contract, when the Board shall evaluate the Superintendent in July 2008.

Prior to October 1, 2008 the Board shall notify the Superintendent of termination of employment under this contract, or in lieu thereof the Board and the Superintendent may negotiate and enter into a contract for subsequent employment.

The Superintendent may choose not to enter into a subsequent contract and may either terminate his employment or, if he has acquired permanent status as a teacher, resume employment as a teacher.

The Board shall negotiate and offer the Superintendent a new contract at the expiration of this contact unless a majority of the entire Board membership votes at least ninety (90) days prior to the termination of this contract against offering a new contract.

II.

PERFORMANCE OBJECTIVES

The Board shall evaluate the Superintendent and his job performance based upon the following performance objectives:

A. Community Relations and Involvement with all communities;

B. School Visitation and Involvement at all levels within the School System and within individual Schools;

C. Board Communications and Relations;

D. Fiscal Responsibility; and

E. Management and Operation of Auxiliary Services.

III.

COMPENSATION

The Board agrees to pay the Superintendent a salary at the annual rate of $130,000.00 payable in monthly installments of 1/12 of the annual rate.

The Board shall adjust the annual salary of the Superintendent each January, beginning January 2007. This adjustment shall be based upon the Consumer Price Index for all Urban Consumers (CPI-U) for the U.S. City Average, all items, as published by the Bureau of Labor Statistics, U.S. Department of Labor, and shall only be made if the adjustment results in an increase to the salary of the Superintendent, but in no event shall the adjustment (increase) exceed six percent ( 6 % ).

The Board may, in its sole discretion, increase the salary of the Superintendent based upon the Superintendent’s job performance. This increase may, but need not necessarily, be based upon the Board’s evaluation of the Superintendent’s performance in relation to the objectives set forth in paragraph II above. This increase must be approved by a majority of the entire Board membership.

IV.

VACATION AND OTHER BENEFITS

The Superintendent shall be entitled to annual leave, sick and emergency leave in accordance with School Board policy generally applicable to professional members of the central administrative staff.

The Superintendent shall have available and be subject to inclusion in such policies of life and health insurance as are generally available to other professional administrative central staff personnel.

The Board shall pay one hundred percent (100%) of the Superintendent's membership dues in appropriate professional organizations. The Board will provide an additional telephone at the residence of the Superintendent. The Superintendent shall monthly submit to the Board his total costs together with appropriate documentation for long distance telephone calls related to School Board business and billed to the Superintendent. The number for this additional telephone shall be publicly listed and have caller identification and message system features.

The Board shall provide the Superintendent with an automobile for his use in school system business. The expenses for maintaining the automobile, together with expenses incidental to its use, including but not limited to insurance, gasoline and repairs, shall be fully paid by the Board. The Superintendent shall reimburse the Board for automobile expenses incurred on those occasions which the Superintendent shall find it necessary to use the automobile outside Calcasieu Parish for his personal business. The Board shall provide, to the extent allowed by law, insurance coverage during the term of this contract protecting and insuring the Superintendent in his individual and official capacity from liability for actions arising from conduct falling within the course and scope of his employment as the Superintendent of Schools for the Calcasieu Parish School System, excluding criminal litigation.

DISABILITY

Should the Superintendent be unable to perform any or all of his duties by reason of illness, accident, or other cause beyond his control, and said disability or inability to perform such duties exists beyond the point where all annual leave and sick leave of the Superintendent has been exhausted, the Board may, in its sole discretion, make the following adjustments to the salary of the Superintendent. For the first month following exhaustion of accumulated leave time, the Superintendent shall receive his entire monthly salary; for the second month following exhaustion of such leave, the Superintendent shall receive 2/3rds of his regular salary; and for the third month of disability following exhaustion of accumulated leave time, the Superintendent shall receive 1/3rd of his regular salary. Should the Superintendent remain disabled following this third month after exhaustion of leave, the Board may, in its sole discretion, terminate all subsequent pay under this contract to the Superintendent for as long as such disability exists. If such disability continues for more than six months, or, if such disability is permanent, irreparable, or of such a nature as to make performance of the Superintendent’s duties impossible, the Board, in its sole discretion, may terminate this agreement immediately. In such an event, the respective duties, rights, and obligations of both the Superintendent and the Board.

VI.

PROFESSIONAL LIABILITY

The Board shall provide, to the extent allowed by law, insurance coverage during the term of this contract protecting and insuring the Superintendent in his individual and official capacity from liability for actions arising from conduct falling within the course and scope of his employment as the Superintendent of Schools for the Calcasieu Parish School System, excluding criminal litigation.

VII.

MEDICAL EXAMINATION

At the request of the Board the Superintendent agrees to have a

comprehensive medical examination. The Board shall reimburse the cost of this

medical examination. Any report of the medical examination shall be given directly

and exclusively by the examining physician to the Superintendent. However, the

Board shall be advised in writing by the physician of the continued fitness of the

Superintendent to perform his duties.

III.

DUTIES OF THE SUPERINTENDENT

The Superintendent shall perform such duties in and for the Calcasieu Parish School System as are prescribed by the laws of the State of Louisiana and by the policies, rules and regulations made thereunder by the Louisiana Board of Elementary and Secondary Education, the State Department of Education, and the Calcasieu Parish School Board. All policies and regulations concerning the Superintendent and his duties now found in the policy handbook of the Calcasieu Parish School Board, and those which may be included by amendment and addition thereto, are incorporated in this contract as if copied in full, and the Superintendent agrees to accept and follow those policies and regulations.

The Superintendent is the Chief Executive Officer, Treasurer, and

Ex-officio Secretary of the Board. The Superintendent shall be responsible for directing and assigning teachers of the schools under his jurisdiction, organizing, reorganizing and arranging the administrative and supervisory staff, selecting personnel, all subject to approval of the Board. The Superintendent shall from time to time suggest regulations, rules and procedures deemed necessary or appropriate for the well ordering of the schools within the system, and in general perform all duties incident to the office of superintendent and such other duties as may be prescribed by the Board from time to time. The Board, individually and collectively, shall promptly refer all criticisms, complaints, and suggestions called to its attention to the Superintendent for study and recommendation.

The Superintendent, in accordance with state law, agrees to devote his entire, skill, labor and attention to the office of Parish Superintendent of Schools, provided, however, that the Superintendent, upon securing prior approval of the Board, may undertake speaking or other engagements, writing, lecturing, or consulting work, which do not interfere with the performance of his duties and obligations hereunder, provided that the same are either educationally related or determined to foster a beneficial relationship with the public or the professional community, and are undertaken pursuant to this contract or regulations and policies of the Calcasieu Parish School Board. Honorariums, if any, received by the Superintendent in connection with the above-described activities shall not affect the amount of compensation to be received by him under this contract. In no case will the Board be responsible for any expenses attendant to the performance of the aforesaid outside activities.

IX.

REMOVAL OF THE SUPERINTENDENT

Throughout the term of this contract the Superintendent shall be subject to removal if found incompetent, unworthy or inefficient. The Superintendent shall further be subject to removal for his failure to meet the performance objectives set forth in paragraph II hereof, to discharge the duties set forth in paragraph VII hereof or to comply with School Board Policy. Prior to his dismissal, the Superintendent shall be provided with written charges against him, notice of hearing, and a full and fair hearing before the Board. The Superintendent may be accompanied by his legal counsel at this hearing. He shall be entitled to call and cross-examine witnesses, and further, to a free transcript of the proceedings. However, any cost of legal counsel, and related expenses, regardless of the outcome of the hearing, shall be the responsibility of the Superintendent.

PUBLIC RELATIONS

The Board recognizes that a Superintendent, to be effective, must enjoy a working relationship with the community. To develop the same requires a commitment to the expenditure of energy, time and funds. Fostering beneficial business relationships with the public and with the professional community is a genuine interest of the Board, and the Board deems the same to be necessary for effective management of the school system. To that end the Board encourages the Superintendent to develop and maintain relationships with appropriate civic and social organizations.

XI.

CERTIFICATION

The Superintendent shall hold throughout the term of this contract a valid and appropriate certificate from the Louisiana Department of Education indicating that he is qualified to act as a Superintendent in the State of Louisiana.

XII.

SAVINGS CLAUSE

If any provision or item of this contract is held invalid or found to be in violation of State and/or Federal Constitutional or Statutory law, or regulations adopted pursuant to such authority, such invalidity shall not affect the other provisions, items or applications of this contract which can be given effect without the invalid provision, item or application, and to this end the provisions of this contract are declared severable.

The parties hereto affirm that they have read and are familiar with the terms of this employment contract and have signed the same, in duplicate original before the undersigned competent witnesses and the undersigned Notary Public on the date indicated below.

WITNESSES: CALCASIEU PARISH SCHOOL BOARD

________________________ BY: ___________________________________

JOE A. ANDREPONT, PRESIDENT

________________________ ___________________________________ WAYNE SAVOY, SUPERINTENDENT

SWORN TO AND SUBSCRIBED before me this day of

December, 2005, at Lake Charles, Louisiana.

__________________________________

NOTARY PUBLIC

Mr. Andrepont thanked Mr. Spruel, Mrs. Duhon, Mr. Pitre, and Dr. Stephens, Ad Hoc Committee members, for their time and effort with the contract negotiations.

Mr. Tarver requested a point of privilege in order to announce the resignation of his elected position of Calcasieu Parish School Board Member, District 6, effective January 1, 2006. Mr. Tarver thanked administration for their professionalism and support during his tenure as Board member. He also thanked the community he served and is honored to have represented the district.

Meeting Adjourned

On motion by Mr. Duhon, seconded by Mr. Breaux and unanimously carried, the meeting was adjourned at 7:15 p.m.

_________________________

Jude W. Theriot, Secretary Joe A. Andrepont, President