DATE: February 28, 2017
TO: Board of Supervisors
SUBMITTED BY: County Counsel, Daniel C. Cederborg
SUBJECT: Specialized Legal Services Agreements for Bond Counsel and Disclosure Counsel
RECOMMENDED ACTION(S):
TITLE
1. Approve and authorize chairman to execute an agreement with Hawkins Delafield & Wood, LLP (Hawkins) to act as bond counsel for special projects that may arise during FY 2017-18, effective July 1, 2017 (maximum compensation for services to be limited by amount appropriated by the Board in the FY 2017-18 budget)
2. Approve and authorize chairman to execute an agreement with Hawkins to act as bond counsel and disclosure counsel if the County issues FY 2017-18 tax and revenue anticipation notes (TRANs) (maximum amounts payable for legal fees of $35,000 and out-of-pocket expenses of $4,000), effective upon execution by the parties
REPORT
Approving the first recommended action will engage Hawkins as the County's bond counsel as needed for special projects that arise during FY 2017-18. County Counsel would be able to authorize Hawkins to work on special projects between July 1, 2017, and June 30, 2018. Because some projects might arise toward the end of that period, bond counsel services may continue past June 30, 2018, for any work authorized during that period. The cost of all services under the proposed special projects agreement would be limited to net County cost appropriations as may be approved by the Board in the FY 2017-18 budget, plus reimbursements from outside funding sources, if any.
Approving the second recommended action will obtain essential specialized legal services of bond counsel and disclosure counsel, but only if the Board decides that the County should issue FY 2017-18 TRANs. The $39,000 maximum amount payable includes (a) $35,000 in maximum compensation for specialized legal services, and (b) $4,000 in maximum reasonable and necessary out-of-pocket expenses. All payment obligations are contingent on the sale and issuance of t...
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