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D |
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Consideration and Approval of Contract: Cooperative Purchase Contract with Stifel, Nicolaus & Company, Inc. to provide Underwriting Services for issuing Certificates of Participation debt. The contract has a maximum total cost not to exceed $900,000. |
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Management Services Director Rick Tadder addressed Council and explained that Items 8D and 8E are cooperative contracts for underwriting services and bond counsel. The authorization to issue debt will be considered at the June 23, 2022 meeting. |
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Moved by Councilmember Jamie Whelan, seconded by Vice Mayor Adam Shimoni to approve the Cooperative Purchase Contract for Bond Underwriting Services with Stifel, Nicolaus & Company, Inc. for a fee of $5.00 per $1,000 of bond par issuance for underwriting and $2.00 per $1,000 of bond par issuance for management services for a total of $875,000 plus regulatory and marketing expenses for a maximum total not to exceed an amount of $900,000 utilizing a cooperative contract through the Crane Elementary School District #13 RFP C-005-1718 and authorize the City Manager to execute the necessary documents.
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Vote: 7 - 0 - Unanimously |
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