LEGALAPPROVED

Lake Dallas Independent School District Resolution A Resolution to Approve a Contingency Fee Engagement Letter with Leon, Alcala, Morse & Reynolds, PLLC 2026-06-10

Contingent Fee Bond Counsel Contract Approved for LDISD

$22,500 plus $0.75 per $1,000 of principal and net premium on Bonds issued, $15,000 per bond election, $5,000 per cash defeasance/redemption, plus $1,500 fixed expenses per series (all amounts contingent and subject to 3% annual inflation adjustment)Lake Dallas IsdLEON, ALCALA, MORSE & REYNOLDS PLLCJune 10, 2026

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Description

Lake Dallas Independent School District approved a contingency fee engagement with Leon, Alcala, Morse & Reynolds, PLLC to serve as bond counsel on all district financings. The contract includes fixed and variable fees, contingent on successful bond issuances, with terms set for annual inflation adjustment and standard Texas contracting compliance. The agreement is effective upon Board adoption and can be terminated by either party in writing.

Contract Details

Contract Amount

Vendor

LEON, ALCALA, MORSE & REYNOLDS PLLC

Agency

Lake Dallas Isd, TX

Contract Type

LEGAL

Document Date

June 10, 2026

Contract Term

Effective on adoption, applies to all bond issues completed during the term until terminated by either party; fees/expenses payable within 7 days after issuance of each bond series

Renewal Info

Agreement continues until terminated by either party with written notice; annual fee increases up to 3%. Engagement applies to each new series of bonds issued and specific services (elections, defeasances, etc.) are separately triggered. Agreement may be amended in writing.

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