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6.4.C. - Page 3 <br /> (1) Limited to .9% by January 2012 resolution <br /> (2) Underwriter's counsel increased from $12,000 to $15,000 and moved to Cost of <br /> issuance fund. <br /> ALTERNATIVES <br /> The Council may reject staff's recommendation to approve the additional compensation <br /> for the work provided on these funds. If the Council rejects staff's recommendation the <br /> City and the other financing team members will not be compensated for the additional <br /> time put into this refunding. <br /> FISCAL IMPACT <br /> Additional compensation would be made to the City for staff time spent on this <br /> transaction. There are no additional fiscal impacts; all expenses associated with the <br /> refinancing are being paid by the parties that have benefited from the refinancing. <br /> ENVIRONMENTAL IMPACT <br /> Not a project under the California Environmental Quality Act. <br /> � ��`Z--�.� <br /> � <br /> BRIAN PONTY <br /> DIRECTOR OF FINANCE <br /> �� <br /> ROBERT B. BELL <br /> CITY MANAGER <br /> ATTACHMENTS <br /> 1. Resolution confirming authorization of additional compensation for firms involved in <br /> the refunding of the Pacific Shores Project 2000 Bonds <br /> RELATED DOCUMENTS IN CITY CLERK'S OFFICE <br /> None <br />