HomeMy WebLinkAboutMINUTES - 06172014 - C.58RECOMMENDATION(S):
APPROVE and AUTHORIZE the County Administrator, or designee to execute a contract amendment with Quint &
Thimmig, effective June 29, 2014, to revise the scope of the Department of Conservation and Development Bond
Counsel services and extend the contract term from June 30, 2014 through June 30, 2016, with no change in the
contract payment limit of $500,000.
FISCAL IMPACT:
The cost of bond 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. Bond counsel services related
to a transaction that does not close are billed on an hourly basis and are charged to the developer deposit. Bond
counsel services related to an existing bond issuance are billed on an hourly basis and are charged to the
administration account of the corresponding bond’s special tax fund.
APPROVE OTHER
RECOMMENDATION OF CNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
Action of Board On: 06/17/2014 APPROVED AS RECOMMENDED OTHER
Clerks Notes:
VOTE OF SUPERVISORS
AYE:John Gioia, District I Supervisor
Candace Andersen, District II
Supervisor
Mary N. Piepho, District III
Supervisor
Karen Mitchoff, District IV
Supervisor
Federal D. Glover, District V
Supervisor
Contact: Enid Mendoza, (925)
335-1039
I hereby certify that this is a true and correct copy of an action taken and entered on the minutes of the
Board of Supervisors on the date shown.
ATTESTED: June 17, 2014
David Twa, County Administrator and Clerk of the Board of Supervisors
By: Chris Heck, Deputy
cc:
C. 58
To:Board of Supervisors
From:David Twa, County Administrator
Date:June 17, 2014
Contra
Costa
County
Subject:Bond Counsel Contract Amendment and Extension
BACKGROUND:
Since March 1997, Quint & Thimmig LLP has served as bond counsel and/or disclosure counsel for over 1,200 long
term bond issues (including Assessment, Mello-Roos and Marks-Roos).
On May 2, 2011, the County issued a Request for Proposals (RFP) for bond counsel services. After review by
committee and firm interviews, Quint & Thimmig LLP was selected to provide bond counsel services for Mello-Roos
and Assessment Bond issues.
The RFP stated that the contract term would be three years with the option of two additional years. The County
Administrator’s Office wishes to exercise the option of two additional years through this contract extension request.
CONSEQUENCE OF NEGATIVE ACTION:
The County will lack bond counsel representation needed for Assessment and Mello-Roos Bond issues.
CHILDREN'S IMPACT STATEMENT:
Not applicable.