Title
Approval for the Mayor and/or City Administrator to sign a contract for Bond and Disclosure Counsel services to Gray Pannell & Woodward, LLP.
Finance
Body
Item Summary:
RFP #12-270-B was issued for bond and disclosure counsel services and six (6) responses were received. Four firms were shortlisted based on the qualifications review criteria and invited for oral presentations. Gray Pannell & Woodward, LLP was the most responsive responsible proposer to provide these services. Costs are based on the dollar amount of the bond issue and are included in the cost of issuance.
Committee or Staff Recommendation:
On November 13, 2012 the Administration, Finance and Recreation and Parks Committee recommended placing this Item on the November 26, 2012 Mayor and Council Agenda.
Financial Impact:
Fees associated with the Bond Counsel are part of the issuance costs for the bonds and will be paid for out of bond proceeds.
Presented by:
Keith Lee, Director of Finance