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File #: 18-0434    Version: 1
Type: Agenda Item Status: Approved
File created: 3/10/2018 In control: Board of Supervisors
On agenda: 4/3/2018 Final action: 4/3/2018
Title: Auditor-Controller recommending the Board Authorize and Execute the First Amendment to Agreement 548-S1311with NBS Government Finance Group, Inc. for the provision of Mello Roos bond administrative services, extending this agreement for one additional year through April 30, 2019, and increasing the not-to exceed amount by $50,000 for a new maximum amount of $300,000. FUNDING: Mello Roos District Revenues.
Attachments: 1. A - Amend NBS Agmt Ltr JHarn 03-12-18, 2. B - DRAFT Agmt 548-S1311 Amend I, 3. C - ORIGINAL Agmt 548-1311 Executed, 4. Partially-Executed Agreement for Services #548-S1311
Related files: 13-0492
Title
Auditor-Controller recommending the Board Authorize and Execute the First Amendment to Agreement 548-S1311with NBS Government Finance Group, Inc. for the provision of Mello Roos bond administrative services, extending this agreement for one additional year through April 30, 2019, and increasing the not-to exceed amount by $50,000 for a new maximum amount of $300,000.

FUNDING: Mello Roos District Revenues.
Body
DEPARTMENT RECOMMENDATION
1) Make findings that it is more economical and feasible to contract out the services in accordance with County Ordinance Chapter 3.13, Section 3.13.030.

2) Approve Amendment to Agreement 548-S1311 with NBS Government Finance Group, Inc. (“NBS”) for the provision of Mello Roos bond administrative services for El Dorado Hills Community Facilities District 1992-1 (Serrano), Community Facilities District 2001-1 (Promontory), Community Facilities District 2005-1 (Blackstone), Community Facilities District 2005-2 (Laurel Oaks), and any additional Community Facilities Districts Bond administration services which may be formed during the term of the contract.


DISCUSSION / BACKGROUND
On April, 30, 2013 your board authorized and executed Agreement 548-S1311 with NBS Government Finance Group (NBS). This agreement is expiring on April 30, 2018. The Auditor- Controller requests that the Board of Supervisors approve an amendment agreement with NBS to provide Mello Roos Community Facilities District bond administration services, extending this agreement for one additional year and increase the not-to exceed amount by $50,000 for a new not-to-exceed amount of $300,000. The County Officer with responsibility for administering this agreement is Joe Harn, Auditor-Controller.

Since the County issued its first Mello Roos bonds in 1994, the County has engaged special tax consultants to provide bond administration services to the County. The cost of these services will be exclusively the responsi...

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