HomeMy Public PortalAboutAB 21-203 2021 GO Bond Underwriter SelectionMcCALL CITY COUNCIL 216 East Park Street
AGENDA BILL McCall, Idaho 83638
Number AB 21-203
Meeting Date August 12, 2021
AGENDA ITEM INFORMATION
SUBJECT:
Request to Approve 2021 GO Bond Underwriter Selection
Department Approvals
Initials
Originator
or
Supporter
Mayor / Council
City Manager
Clerk
Treasurer
Originator
Community Development
Police Department
Public Works
Golf Course
COST IMPACT:
N/A
Parks and Recreation
FUNDING SOURCE:
Bond Proceeds
Airport
Library
TIMELINE:
ASAP
Information Systems
Grant Coordinator
SUMMARY STATEMENT:
At the regular Council meeting held on July 22, 2021 Christian Anderson with Zion’s Public Finance provided a status update on the Library General Obligation Bond issuance. He recommended
the City use a negotiated sale process and presented a proposal to select an underwriter. The Council accepted the recommendation of a negotiated sale process and authorized Zion’s
Public Finance to circulate the RFP for an underwriter. Zions circulated the RFP on July 23, 2021 with a deadline to respond by August 10, 2021. Zions will provide a summary of the
results to the Council at the August 12 meeting.
RECOMMENDED ACTION:
Approve ____________ as the Underwriter for the negotiated sale of the 2021 General Obligation bond issuance for the Library Expansion Project and authorize the Mayor to sign all necessary
documents
RECORD OF COUNCIL ACTION
MEETING DATE
ACTION
07/22/2021
Council accepted the recommendation of a negotiated sale process for the 2021 GO Bond issuance and authorized the circulation of the RFP for an underwriter.