Title
Auditor-Controller requesting the Board:
1) Make findings that it is more economical and feasible to contract out for these services in accordance with County Ordinance Chapter 3.13, Section 3.13.030;
2) Make findings in accordance with Procurement Policy C-17, Section 3.4 (2)(f), that the procurement is for services where the continuity of providers will provide efficiency or critical knowledge, and other providers of the services cannot provide similar efficiencies or critical knowledge; and
3) Approve Contract 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), Carson Creek Communities Facilities District 2014-1 (Carson Creek), and Bass Lake Hills Communities Services District 2018-1 (Bass Lake Hills) and any additional Community Facilities Districts Bond administration services which may be formed during the term of the contract, for a term of three years with the option to extend for up to two additional years, in a total not to exceed $500,000.
FUNDING: Special tax proceeds collected for the Community Facilities Districts.
Body
DISCUSSION / BACKGROUND
The Auditor-Controller requests that the Board of Supervisors approve a Contract with NBS for three years with a not-to-exceed amount of $500,000.00. The Agreement may be extended for two additional one-year periods if agreed to in writing by the parties. 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 responsibility of the developers and/or property owners i...
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