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Meeting Date:
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4/13/2010 - 7:30 PM
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Category:
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Untitled
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Type:
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Action
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Subject:
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15.1 Approval of contract for Financial Advisory Services with Isom Advisors.
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LCAP (Local Control Accountability Plan) Goal:
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Enclosure
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File Attachment:
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Summary:
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The District has recently undertaken a bond election. It is necessary to have a financial advisor to assist with the sale of general obligation bonds and other relevant work. The individuals of this firm have one of the best track records in the State in implementing successful bond programs. Their contract is contingent upon a successful bond election, and fees are paid from bond proceeds. There are no out-of-pocket costs to the District’s general fund.
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Funding:
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Bond proceeds if bond election is successful.
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Fiscal Impact
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Recommendation:
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Approve contract as presented.
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Approvals:
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Recommended By:
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Signed By:
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Greg Rolen, Esq. - General Counsel
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Signed By:
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Steven Lawrence - Superintendent
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Vote Results:
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| Original Motion | | Member Linda Mayo Moved, Member Gary Eberhart seconded to approve the Original motion 'Superintendent's report.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 4 Nay: 0. | | The motion Carried 4 - 0 | | | | | Gary Eberhart | Yes | | Paul Strange | Yes | | Linda Mayo | Yes | | Richard Allen | Yes | |
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