HomeMy WebLinkAboutMINUTES - 12192006 - C.132 TO: REDEVELOPMENT AGENCY ,__s>✓__L—°�_ Contra
- Costa
FROM: JOHN CULLEN
EXECUTIVE DIRECTOR
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s�i------ ; County
DATE: December 19, 2006
SUBJECT: Fiscal Consultant for Issuance of Tax Allocation Bonds for Redevelopment Areas
SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION ,
RECOMMENDATION.
APPROVE and AUTHORIZE the Redevelopment Director to execute a contract with Fraser &
Associates in the amount of $29,000 to provide services as Fiscal Consultant for Issuance of
Tax Allocation Bonds for Redevelopment Areas for the period November 15, 2006 to
December 31, 2007.
FINANCIAL IMPACT:
No general fund monies will be used for this contract. Redevelopment funds have been
budgeted for this purpose.
BACKGROUND:
The Redevelopment Agency is preparing to issue its Tax Allocation Bonds in 2007. In order to
proceed, the Agency will need to prepare ten-year revenue projections, verify current revenues
and the manner in which they are calculated, review/analyze appeals and have prepared a
Fiscal Consultants Report. The firm of Fraser & Associates has completed this work for the
Agency in the past and is intimately familiar with the Agency's financial status and the County
Auditor-Controllers methods for determining tax allocations to the Agency. The contract
amount will cover all required services including analysis & documentation, attendance at
meetings and out-of-pocket expenses.
CONTINUED ON ATTACHMENT: ❑ YES SIGNATURE: /
[RECOMMENDATION OF EXECUTIVE DIRECTOR El RECO END TION OF ENCY COMMITTE
P-APPROVE ❑ OTHER
SIGNATURE(S):
ACTION OF AG N ON . !tiLeoi_ber I Cl '
APPROVED AS COMMENDED N� OPER ❑
VOTE OF SUPERVISORS: I HEREBY CERTIFY THAT THIS IS A TRUE AND
/ __ ____-- -- ll CORRECT COPY OF AN ACTION TAKEN AND
V UNANIMOUS(ABSENT 4 hlU-) ) ENTERED ON THE MINUTES OF THE
REDEVELOPMENT AGENCY ON THE DATE
AYES: NOES: SHOWN.
ABSENT: ABSTAIN:
N, �' ATTESTED ��
Contact: James Kennedy (335-7225) F
JOHN CULLEN,AGENCY SECRETARY
cc: CAO
County Counsel
Redevelopment Agency
Fraser&Associates By: Deputy
Via Redevelopment Agency