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TO: BOARD OF SUPERVISORS Contra aE ��'
FROM: JOHN CULLEN, o `� Costa
COUNTY ADMINISTRATOR Q.
DATE: JULY 25, 2006 STA COUIZ� County
SUBJECT: EXTEND CONTRACT WITH TAMALPAIS ADVISORS FOR FINANCIAL
ADVISORY SERVICES 2-
SPECIFIC
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 Tamalpais Advisors, Inc. (TAI) for financial advisory services, extending the term from
July 1, 2006 to June 30, 2008, with no change in annual payment limit of$200,000.
FINANCIAL IMPACT:
The cost of financial advisory, 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. Other special bond related projects are billed on an hourly basis and charged to occupants
of the property for which the bond was issued.
BACKGROUND
TAI is a small, woman-owned business whose staff has worked with the County for the past decade in
the issuance and sale of the County's annual tax and revenue anticipation notes, periodic lease
revenue bond issues and its three pension obligation bonds. The staff assigned is extremely familiar
with the County and is able to prepare the required legal and rating agency documents related to these
issues with a minimum of time and cost. 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: 1'�E'S SIGNATURE:
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�RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMME ION OF BOARD COMMI EE
_,�_�PROVE OTHER
SIGNATURE(S):
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ACTION OF BO D N U APPROVE AS RECOMMENDED OTHER
VOTE OF SUPERVISORS I HEREBY CERTIFY THAT THIS IS A TRUE
�n 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 U u.0 i , awb
CONTACT: Jason Crapo 335.1021 JOHN CU EN,Cl_ RK OF THE
BOARD OF SUPERVISORS AND
COUNTY ADMINISTRATOR
CC: CAO,Jason Crapo
Auditor Controller
General Services Department,Becky Eaton
BY � DEPUTY
Contra Costa County CONTRACT EXTENSION AGREEMENT Number 48733
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: 48733
Effective Date: July 25, 2006
Department: County Administrator's Office
Subject: Financial Advisor
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: Tamalpais Advisors, Inc.
Capacity: Financial,Advisor
Address: 3030 Bridgeway Ste 340
Sausalito CA 94965
3. Extension of Term. The term of the above described contract between the parties hereto is hereby extended
I
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$200,000.00.
5. Signatures. These signatures attest the parties' agreement hereto:
COUNTY OF CONTRA COSTA, CALIFORNIA
BOARD OF SUPERVISORS ATTEST: Clerk of the Board of Supervisors
By By
ChaiVan/Designee 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 mustbe that of
L-8 (Page 1 of 2)
the secre or assistant secretary(Civil Code Section 1190 and
tart' tart' Corporations Code Section 313). All signatures must be aclmowledged as set forth on Form 1,2.
L-8 (Page 2 of 2)