HomeMy WebLinkAboutMINUTES - 01221991 - IO.1 TO: - -BOARD OF SUPERVISORSs -
a�..-------- Contra
FROM:
Costa
INTERNAL OPERATIONS COMMITTEE x, ;
�o County
DATE: January 7, 1991 -
SUBJECT: DESIGNATION OF A LIST OF QUALIFIED ADVISORS FOR REDEVELOPMENT
AGENCY TAX ALLOCATION BONDS
SPECIFIC REOUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION
RECO14MEENDATIONS:
1. Acting in its capacity as the Redevelopment Agency for the
County of Contra Costa approve the attached lists of
financial advisors, investment bankers and bond counsel for
purposes of future issuances of tax allocation bonds to
finance public improvements within designated Redevelopment
Project Areas.
2. Remove this item as a referral to our Committee.
BACKGROUND:
The procedure established by the Board of Supervisors for
selecting financial advisors, investment bankers and bond counsel
for various bond issues the County may wish to pursue, is for the
Board, following review by the Finance Committee and Internal
Operations Committee, to approve a list of qualified advisors for
purposes of serving as financial advisor, 'investment banker and
bond counsel'". From this approved list, proposals for specific
issues will be sought. Following review by staff, all bids will
be forward to the Finance Committee and Internal Operations
Committee, along with staff' s, recommendations for award of a
contract. Each Committee will then be in a position to review
the actual bids, staffs analysis and recommendations and
determine which of the bids to recommend to the Board of
Supervisors. ,
CONTINUED ON ATTACHMENT:YZS__YES SIGNATURE:
RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMME /
APPROVE OTHER
SIGNATURE(S): I INNF WR I ,HT MBP .AK TOM POWERS
ACTION OF BOARD ON January 22 , 19C)l
t APPROVED AS RECOMMENDED X OTHER
VOTE OF SUPERVISORS
I HEREBY CERTIFY THAT THIS IS A TRUE
X UNANIMOUS(ABSENT ) AND CORRECT COPY OF AN ACTION TAKEN
AYES: NOES: AND ENTERED ON THE MINUTES OF THE BOARD
ABSENT: ABSTAIN: OF SUPERVISORS ON THE DATE SHOWN.
CC: ATTESTED CRA
PHK BATCHELOR, LERK OF THE BOARD OF
SUPERVISORS AND COUNTY ADMINISTRATOR
Please see Page 2.
BY �"'�'-" DEPUTY
M382 (10/88)
It is our understanding that the Board of Supervisors believes
the same procedure should be utilized by the Redevelopment
Agency. Attached is a proposed list of qualified advisors for Tax
Allocation Bond Financings by the County' s Redevelopment Agency.
Our Committee reviewed these listings on January 7, 1991 and
agreed to recommend all of the firms listed to the Redevelopment
Agency for its' approval.
cc: County Administrator
Director, Growth Management and Economic Development Agency
Community Development Director
Jim Kennedy, Deputy Director, Redevelopment Agency
Auditor-Controller
Treasurer-Tax Collector
Deputy County Administrator-Capital Projects
-2-
I�
CONTRA COSTA COUNTY REDEVELOPMENT AGENCY
DATE: December 26, 1990
TO: INTERNAL OPERATIONS COMMITTEE
Supervisor Sunne McPeak
Supervisor _ Powers
FINANCE COMMIT-TEE
Superv`-999 T Torlakson
Supe Igor Bert Schroder
FROM: Jim K n y, /
Depu Direc Redevelopment
SUBJECT. Establishm�ht of a Qualified Advisors' List _
Financia.7li"Advisors, Investment Bankers and Bond Counsel
For TAx Allocation Bond Financings
The County Redevelopment Agency is contemplating future issuances
of tax allocation bonds to finance public improvements within
designated Redevelopment Project Areas. Pursuant to established
Board of Supervisors' procedures, staff has requested Statements of
Qualifications from prospective Financial Advising Firms,
Investment Banking Firms and Bond Counsel Firms for use in said
transactions. The attached tables summarize the general
information provided in the Statement of Qualifications:
Table 1 Financial Advisors
Table 2 Investment Bankers
Table 3 Bond Counsel
Based on a review of the Statements of Qualifications, all of the
f irms have experience in the transaction area or have personnel who
have such exp'erience. Therefore, staff is recommending that each
of the firms be designated for inclusion on a Qualified Advisors'
List.
The Agency does contemplate one or more financings in 1991,
therefore, a process for designating advisors will be undertaken in
the near future. A committee consisting of the County Auditor-
Controller, %County Treasurer-Tax Collector, Deputy County
Administrator` for Capital Projects and the Director of
Redevelopment will review the Qualifications and such additional
information as is determined necessary and submit recommendations
to the Internal Operations Committee and Finance Committee for
designation of Financial Advisors, Investment Bankers and Bond
Counsel.
cc: File B3 . 3 (b) (1)
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