RECOMMENDATION(S):
APPROVE and AUTHORIZE the Conservation and Development Director, or designee, to execute two contracts with Schiff Hardin LLP for bond disclosure counsel services for the period July 1, 2016 through June 30, 2019 as follows:
1) for Private Activity Bond, Assessment District and Community Facilities District issues, an amount not to exceed $70,000; and
2) for Tax Allocation Revenue Bond issues, an amount not to exceed $50,000.
FISCAL IMPACT:
100% Special Revenue Funds. The cost of bond disclosure services is covered in the cost of issuance included in each bond issue. Fees are negotiated for each borrowing transaction based upon the size and complexity of the transaction.
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