Subject:
Title
Permission to Develop and Advertise a Solicitation for Brevard County Disclosure Counsel
End
Fiscal Impact:
To Be Determined
Dept/Office:
Central Services / Purchasing Services
Requested Action:
Recommendation
It is requested that the Board of County Commissioners:
- Authorize the development and advertising of a Request for Proposal for Brevard County Disclosure Counsel
- Authorize the following individuals (or designees) to be appointed to the Selection and Negotiation Committees:
o Gerard Visco
o Katherine Wall
o Christine Schverak
- Authorize the Chair to execute all resulting contracts and contract related documents upon review and approval by the County Attorney's Office, Risk Management, and Purchasing Services
- Authorize the County Manager to approve any necessary budget change requests
End
Summary Explanation and Background:
The County's Disclosure Counsel performs the following services with respect to the issuance of bonds and matters relating thereto:
- Prepare all disclosure documents, describing the bonds and summarizing the underlying documents;
- Preparation of Preliminary Official Statement and an Official Statement;
- Perform due diligence with regard to County financings to provide full disclosure with respect to County financings;
- Assist the County in the compliance with federal and state securities laws;
- Render appropriate opinions to the County pertaining to disclosure as well as a reliance letter to the County's underwriters;
- Prepare the Continuing Disclosure Certificate in order to assist the underwriters in complying with the Continuing Disclosure Requirements of Rule 15c2-12;
- Review of secondary market submission; and
- Preparation of the Bond Purchase Agreement on behalf of the County, if required.
The agreement would effective for an initial term of three (3) years from its date of execution with the option to renew for two (2) additional one (1) year periods.
The County previously selected a Disclos...
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