To: Board of Supervisors
From: Executive Office
Meeting Date: June 21, 2022
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Department Contact: |
Darcie Antle |
Phone: |
707-463-4441 |
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Department Contact: |
Tim Hallman |
Phone: |
707-463-4441 |
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Item Type: Consent Agenda |
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Time Allocated for Item: N/A |
Agenda Title:
title
Approval of Agreement (Amendment to Agreement No. MS-M19-001 (PA 20-36)) in the Amount of $67,500 with KNN Public Finance LLC to Extend the Termination Date from June 30, 2022, to June 30, 2023, Increase the Maximum Contracted Amount to $112,500, Insert an Appendix: Scope of Services for Additional Services in Fiscal Year 2022-23 as the County’s Municipal Advisor, and to Replace the Original Payment Terms, Effective August 20, 2019, through June 30, 2023
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Recommended Action/Motion:
recommendation
Approve Agreement (Amendment to Agreement No. MS-M19-001 (PA 20-36)) in the amount of $67,500 with KNN Public Finance LLC to extend the termination date from June 30, 2022, to June 30, 2023, increase the maximum contracted amount to $112,500, insert an Appendix: Scope of Services for additional services in Fiscal Year 2022-23 as the County’s Municipal Advisor, and to replace the original Payment Terms, effective August 20, 2019, through June 30, 2023; authorize the Chief Executive Officer or designee to sign any amendments that do not increase the maximum amount; and authorize Chair to sign same.
End
Previous Board/Board Committee Actions:
N/A
Summary of Request:
KNN Public Finance LLC has served continuously as the County’s municipal advisor since 2011. In that capacity, KNN has assisted the County with various efforts, including Tax and Revenue Anticipation Notes and the adjustment of collateral pledges for Certificates of Participation. The proposed amendment extends the current agreement with KNN to allow provision of services through June 30, 2023, and to cover costs associated with guiding the County through the process of issuing 2022 Certificates of Participation.
Alternative Action/Motion:
Return to staff for alternative handling.
Does This Item Support the General Plan? N/A
Supervisorial District: All
vote requirement: Majority
Supplemental Information Available Online At: N/A
Fiscal Details:
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source of funding: MS 1940 |
budgeted in current f/y: Yes |
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current f/y cost: $112,500 |
if no, please describe: |
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annual recurring cost: None |
revenue agreement: No |
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budget clarification: |
Agreement/Resolution/Ordinance Approved by County Counsel: Yes
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CEO Liaison: Executive Office |
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CEO Review: Yes |
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CEO Comments:
FOR COB USE ONLY
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Executed By: Atlas Pearson, Deputy Clerk II |
Final Status:Approved |
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Date: June 21, 2022 |
Executed Item Type: Agreement Number: 22-142 |
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