Executive/Council Action Form (ECAF)
ITEM TITLE:
Title
Motion 22-287, authorizing the County Executive to sign the agreement for bond counsel services between Snohomish County and Hillis Clark Martin & Peterson P.S.
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DEPARTMENT: Finance
ORIGINATOR: Nathan Kennedy
EXECUTIVE RECOMMENDATION: Approve - Ken Klein
PURPOSE: To approve and authorize the County Executive to execute the bond counsel agreement
BACKGROUND: The purpose of this Agreement is to designate Hillis Clark Martin & Peterson P.S. as the County’s bond counsel and allow the Hillis Clark Martin & Peterson P.S. to provide legal services, including opinions, writing official statements, continuing disclosures, in connection with its issuance and management of municipal debt.
FISCAL IMPLICATIONS:
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EXPEND: FUND, AGY, ORG, ACTY, OBJ, AU |
CURRENT YR |
2ND YR |
1ST 6 YRS |
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Various |
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TOTAL |
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REVENUE: FUND, AGY, ORG, REV, SOURCE |
CURRENT YR |
2ND YR |
1ST 6 YRS |
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Various |
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TOTAL |
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DEPARTMENT FISCAL IMPACT NOTES: DACs are determined by which fund is borrowing money. All fees are paid with bond proceeds.
CONTRACT INFORMATION:
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ORIGINAL |
X |
CONTRACT# |
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AMOUNT |
NTE $500,000.00 |
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AMENDMENT |
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CONTRACT# |
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AMOUNT |
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Contract Period
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ORIGINAL |
START |
Upon execution |
END |
Three years |
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AMENDMENT |
START |
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END |
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OTHER DEPARTMENTAL REVIEW/COMMENTS: Reviewed/approved by finance and risk managment