HomeMy WebLinkAboutMINUTES - 09252001 - C.43 0
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TO: BOARD OF SUPERVISORS
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FROM: Dennis Barry ,F '�' .;:r�, -'`_ '�rS
Community Development Director ;;;;= z ,fi COSTA
rc COUNTY
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DATE: September 25, 2001
SUBJECT: Contra Costa County Community Facilities District 2001-1 (Norris Canyon
Estates)— Special Tax Consulting Services
SPECIFIC REQUEST(S) OR RECOMMENDATION(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATION(S):
Authorize the Deputy Director-Redevelopment to execute an agreement with Goodwin Consulting Group, Inc. to provide
Special Tax Consulting Services for Contra Costa County Community Facilities District 2001-1 (Norris Canyon Estates)
bonds.
FINANCIAL IMPACT:
No County funds are utilized. County costs, including the costs of contracted services are covered by the special tax on
property owners within the District.
BACKGROUND/REASON(S) FOR RECOMMENDATION(S):
On, June 5, 2001, the Board approved Resolutions creating Contra Costa County Community Facilities District 2001-1
(Norris Canyon Estates), and authorizing a special tax to debt service tax-exempt bonds. A Special Tax Consultant is
needed to properly administer the special tax.
The Special Tax Consultant provides a variety of administrative services, including:
• Establishing and maintaining a district database necessary for the calculation of the annual special tax in
accordance with the Rate and Method of Apportidnment specified in the bond documents;
• Annually calculating the special tax and enrolling it on the property tax roll;
• Acting as primary contact on all inquiries from appraisers, title companies and property owners;
• Preparing annual assessment related reports (including those required to comply with the new "Local Agency
Special Tax and Bond Accountability Act); and
• Preparing annual continuing disclosure reports to meet the requirements of SEC Section 15c2-12 (continuing
disclosure.to NRMSRs), Government Code Section 53359.5 (continuing disclosures to CDIAC), and Government
Code section 53340.2 (property specific reports prepared for individuals on request).
The contract has a payment limit of$200,000 over a 20-year life (approximately$8,500/year plus inflation adjustments).
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CONTINUED ON ATTACHMENT: X Y S SIGNATURE:RECOMMENDATION OF COUNTY++ADMINISTRATOR_RECOMMEND AR C MMITTEE
..APPROVE OTHER
SIGNATURE(S): Q2,_ r
ACTION OF BOAR A P VED AS RECOMMENDED__9 OTHER
I HEREBY CERTIFY THAT THIS IS A
VOTE OF SUPERVISORS TRUE AND CORRECT COPY OF AN
ACTION TAKEN AND ENTERED
,,/�,, ON MINUTES OF THE BOARD OF
UNANIMOUS(ABSENT_nAjo 1 ) SUPERVISORS ON THE DATE SHOWN.
AYES: NOES:
ABSENT: ABSTAIN: _ I^ n a�
ATTESTED (y),(/ J n�
Contact: Jim Kennedy 5-1255 JOHN SWEETEN,CLERK OF
orig: Community Development THE BOARD OF SUPERVISORS
County Administrators Office AND COUNTY ADMINISTRATOR
County Counsel
Auditor Controllerjjkj6� _
BY ,DEPUTY
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