Title
Auditor-Controller recommending the Board:
1) Authorize the Auditor-Controller to negotiate contracts with Jones Hall (Bond and Disclosure Counsel), Stifel, Nicolaus & Company (Underwriter), Seevers Jordan Ziegenmeyer (Appraiser), NBS Government Finance Group (NBS/GFG) (Special Tax Consultant), and other consultants as needed;
2) Authorize the Auditor-Controller to execute all necessary contracts related to the proposed community facilities district financing requested by Lennar Homes of California, Inc. (the “Developer”) for a subdivision herein called “Carson Creek” after each agreement has been reviewed by County Counsel and Risk Management;
3) Authorize the Auditor-Controller to execute the Deposit and Reimbursement Agreement between El Dorado County and Lennar Homes of California, Inc. upon final approval by County Counsel and Risk Management; and
4) Authorize the Auditor-Controller to work with the Assessment & Community Facilities District Screening Committee members and contracted consultants to consider Lennar’s request to begin the process of issuing the 2017 series of Carson Creek Mello Roos bonds.
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DEPARTMENT RECOMMENDATION
The Auditor-Controller recommends that the Board of Supervisors (1) authorize the Auditor-Controller to negotiate contracts with Jones Hall (Bond and Disclosure Counsel), Stifel, Nicolaus & Company (Underwriter), Seevers Jordan Ziegenmeyer (Appraiser), NBS Government Finance Group (NBS/GFG) (Special Tax Consultant), and other consultants as needed; (2) authorize the Auditor-Controller to execute all necessary contracts related to the proposed community facilities district financing requested by Lennar Homes of California, Inc. (the “Developer”) for a subdivision herein called “Carson Creek” after each agreement has been reviewed by County Counsel and Risk Management; (3) authorize the Auditor-Controller to execute the Deposit and Reimbursement Agreement between El Dorado County and Lennar Homes of California, Inc. upo...
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