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Auditor-Controller recommending the Board:
1) Authorize the Auditor-Controller and Chief Administrative Officer (CAO) to negotiate contracts with Jones Hall (Bond and Disclosure Counsel), Kronick, Moskovitz, Tiedemann & Girard (Special Counsel), Stone & Youngberg, a Division of Stifel Nicolaus, (Underwriter), NBS Government Finance Group (NBS/GFG) (Special Tax Consultant), and Seevers Jordan Ziegenmeyer (Appraiser);
2) Authorize the CAO to execute all necessary contracts related to the refunding of current bonds for CFD 2005-1 (Blackstone) after each agreement has been reviewed by County Counsel and Risk Management;
3) Authorize the CAO and Auditor-Controller to work with the Assessment & Community Facilities District Screening Committee members and contracted consultants to begin the proceedings of refinancing Blackstone Mello Roos Bonds by preparing a preliminary offering statement and all other necessary steps as soon as practical if market conditions remain favorable; and
4) Authorize the CAO and Auditor-Controller to work with the Assessment & Community Facilities District Screening Committee members and contracted consultants to determine if an additional $2,345,000 of Blackstone Mello Roos Bonds can be issued for this CFD at an extremely low risk level for the County.
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DEPARTMENT RECOMMENDATION
The Auditor-Controller recommends that the Board of Supervisors authorize (1) the Auditor-Controller and CAO to negotiate contracts with Jones Hall (Bond and Disclosure Counsel), Kronick, Moskovitz, Tiedemann & Girard (Special Counsel), Stone & Youngberg, a Division of Stifel Nicolaus, (Underwriter), NBS Government Finance Group (NBS/GFG) (Special Tax Consultant), and Seevers Jordan Ziegenmeyer (Appraiser); (2) authorize the CAO to execute all necessary contracts related to the refunding of current bonds for CFD 2005-1 (Blackstone) after each agreement has been reviewed by County Counsel and Risk Management; (3) authorize the CAO and Auditor-Controller...
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