HomeMy WebLinkAboutMINUTES - 07252006 - C.61 TO: BOARD OF SUPERVISORS •L•• Contra
FROM: JOHN CULLEN,
Costa
COUNTY ADMINISTRATOR
DATE: JULY 25, 2006 OST..... County
SUBJECT: EXTEND CONTRACT WITH LOFTON AND JENNINGS
FOR DISCLOSURE COUNSEL SERVICES
SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION
RECOMMENDATIONS:
APPROVE and AUTHORIZE the County Administrator or his designee to execute a contract amendment
with Lofton & Jennings for bond disclosure counsel services, extending the term from July 1, 2006 to
June 30, 2007, with no change in payment limit of$74,600.00.
FINANCIAL IMPACT:
The cost of bond disclosure counsel services is covered in the cost of issuance included in each bond
issue. Fees are negotiated for each borrowing transaction based upon the size and complexity of the
transaction.
BACKGROUND
Lofton & Jennings has provided excellent financial disclosure services to the County in connection with
recent bond transactions. The staff assigned is extremely familiar with the County and are able to prepare
the required legal and other documents related to these issues with a minimum of time. They are also
familiar with the County's outstanding bonds and have proven to be a valuable resource to staff
responsible for the ongoing management of the County's debt.
CONTINUED ON ATTACHMENT: L-*IFS SIGNATURE:
-------------------------------------------------------------------- -- ------------------------------- ------- --------
—RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMEND T N OF BOARD COMMITT
—APPROVE OTHER
SIGNATURE(S):
-------------------------- - ------- ---------- -------- -- ----------------------------- - - ---- ----------------------- ------------------ACTION OF
BOARD ON APPROVE AS RECOMMENDED _ OTHER__-.-_—
VOTE OF SUPERVISORS I HEREBY CERTIFY THAT THIS IS A TRUE
AND CORRECT COPY OF AN ACTION TAKEN
UNANIMOUS(ABSENT AND ENTERED ON THE MINUTES OF THE
BOARD OF SUPERVISORS ON THE DATE
AYES: NOES: SHOWN.
ABSENT: ABSTAIN:
ATTESTED
CONTACT: Jason Crapo 335.1021 JOHN CULL N,CLERK OF THE BOARD OF
SUPERVISORS AND COUNTY ADMINISTRATOR
CC: Auditor-Controller
County Administrator,Attn Jason Crapo
General Services,Attn Becky Eaton
BY_ DEPUTY
Contra Costa County CONTRACT EXTENSION AGREEMENT Number
Standard Form L-8 (Purchase of Services-Long Form) Fund/Org# 4405
Revised 2002 Account# 2310
Other #
1. Identification of Contract to be Extended.
Number:
Effective Date: July 25, 2006
Department: CAO-Capital Facilities & Debt Management
Subject: Disclosure Counsel Services
2. Parties. The County of Contra Costa, California(County),for its Department named above, and the following
named Contractor mutually agree and promise as follows:
Contractor: Lofton&Jennings
Capacity: Partnership, ED #94-3200517
Address: 225 Bush St 16`h Flr, San Francisco CA 94104
3. Extension of Term. The term of the above described contract between the parties hereto is hereby extended
from July 1, 2006 to June 30, 2008, unless sooner terminated as provided in said contract.
4. Payment Limit. Including the extended term of the contract, the maximum amount payable by the County
under this Contract shall not exceed $74,600.00.
5. Signatures. These signatures attest the parties' agreement hereto:
COUNTY OF CONTRA COSTA, CALIFORNIA
BOARD OF SUPERV SORS ATTEST: Clerk of the Board of Supervisors
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By By So
Chairm esignee Deputy
CONTRACTOR
Name of business entity Name of business entity
By
By (Signature of individual or officer)
(Signature of individual or officer)
(Print name and title B, if applicable)
(Print name and title A, if applicable)
Note to Contractor:For Corporations(profit or nonprofit),the contract must be signed by two officers.Signature A must be that of the president or vice-president and Signature B must be that of
the secretary or assistant secretary(Civil Code Section 1190 and Corporations Code Section 313). All signatures must be acknowledged as set forth on Form 1,2.
L-8 (Page 1 of 2)
the Secretary or assistant secretary(Civil Code Section 1,190 and Corporations Code Section 313). All signatures must be acknowledged as set forth on Form 1,2.
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L-8 (Page 2 of 2)