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AgdaPkt 2003-11-03
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AgdaPkt 2003-11-03
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Last modified
6/2/2011 2:05:52 PM
Creation date
10/31/2003 8:05:46 AM
Metadata
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council
Date
11/3/2003
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lo•�t -z <br />Flsoal Impact <br />The cost for each member of the financing team is as follows: <br />Nossaman, Guthner, Knox & Elliot, pond counsel $35,000 <br />William Euphrat Municipal Finance, mc., financial advisor 40,000 <br />Jones Hall, disclosure counsel 25,000 <br />Stone & Youngberg, LLC, bond underwriter (0.9 %' of bonds issued) 121.500 <br />Total Costs $221,500 <br />All of these firms were selected based on the quality of service provided to the City and <br />Agency on previous bond issues. Fee proposals were additionally obtained from <br />Nossaman, Guthner, Knox & Elliot, Jones Hall, and Stone & Youngberg, which staff <br />evaluated as reasonable and competitive. The total costs for each of these services will <br />be provided, as is the customary practice in municipal bond issues, from the proceeds <br />of the bond issue and will only be paid if the City successfully issues these bonds. <br />( <br />Brian J.` Ponty <br />Director of Finance <br />Attachment <br />Responsibilities of the Members of the Financing Team <br />rjlL" <br />Ed gverett <br />Executive Director <br />Not -to- exceed <br />
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