RECOMMENDATION(S):
APPROVE and AUTHORIZE the County Treasurer to enter into a contract for financial services with Legg Mason Private Portfolio Group, LLC (“Legg Mason”), including indemnification of Legg Mason, for the purpose of managing the investment of bond proceeds for the Contra Costa County Community College District.
FISCAL IMPACT:
Service fees and costs will be paid for out of the bond proceeds of the Contra Costa County Community College District.
CONSEQUENCE OF NEGATIVE ACTION:
If the agreement is not authorized, Legg Mason will not be authorized to invest the bond proceeds of Contra Costa County Community College District.
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