SUBJECT/RECOMMENDATION:
Title
Approve renewal of a Legal Services Agreement with Nabors, Giblin and Nickerson to serve as Disclosure Counsel for a period of three years beginning May 15, 2020 and authorize the appropriate officials to execute same. (consent)
Body
SUMMARY:
The services provided by the disclosure counsel include preparation of a Preliminary Official Statement and an Official Statement (disclosure statements) in connection with the sale of city bonds. Also, coordination with appropriate city personnel, city financial advisor, or other outside independent advisors in the preparation of any disclosure statements required by the City.
The costs incurred for this service due to bond issuance will be paid from bond proceeds.
APPROPRIATION CODE AND AMOUNT:
Funds are available in cost code 0109821 530100 to fund this contract.