HomeMy Public PortalAbout2021.02.25 Skinner Fawcett DocuSign Envelope ID:9C000929-0D94-48C3-85E4-78617BB86CA6
FEBRUARY 11, 2021
SKINNER FAWCETT LLP
PROPOSAL FOR BOND COUNSEL SERVICES
TO
CITY OF McCALL, IDAHO
City of McCall, General Obligation Bonds
($4,500,000 to $6,500,000)
DocuSign Envelope ID:9C000929-0D94-48C3-85E4-78617BB86CA6
1. Basic Information:
i) Name of firm making proposal: Skinner Fawcett LLP
ii) Name and title of individuals proposing and responsible for proposal:
Richard A. Skinner, Senior Partner, Henry C. Rudolph, Partner and John
R. McDevitt, Partner.
iii) Mailing Address: P.O. Box 700, Boise, ID 83701-0700
iv) Contacts' telephone number, fax number and email address:
a. telephone number: (208)345-2663, fax number: (208)345-2668
b. email addresses:
i. Richard A. Skinner: rskinner@skinnerfawcett.com
ii. Henry C. Rudolph: hrudolph@skinnerfawcett.com
iii. John R. McDevitt:jmcdevitt@skinnerfawcett.com
2. Basic Qualifications:
Our firm has been involved in public finance in Idaho for over thirty (30) years,
having completed a wide variety of financings aggregating in excess of $7 billion,
including traditional municipal bonds such as general obligation bonds, annual
appropriation financings, certificates of participation in lease purchase and installment
purchase obligations, sewer and water revenue bonds, special assessment and local
improvement bonds, tax and revenue anticipation notes and warrants, leasing and revenue-
based financings, single family mortgage revenue bonds, multi-family housing revenue
bonds, tax increment revenue allocation bonds, industrial development revenue bonds,
educational facility bonds, and hospital revenue bonds.
The firm has maintained long-standing relationships with many of the state's public
finance issuers. We have represented the City of Twin Falls and the Urban Renewal Agency
of the City of Twin Falls on a variety of financing maters since 1993, including water and
sewer revenue bonds and certificates of participation, and urban renewal revenue allocation
bonds, with projects including the Chobani project and Clif Bar project. We have also
represented the City of Boise City on a variety of financing matters since 1977, including
local improvement district bonds, tax anticipation notes, warrants, general obligation bonds,
certificates of participation,refunding bonds and related matters. We have also represented the
City of Ketchum with its successful $11,500,000 General Obligation election in November
2019 and the City of Nampa with its $165M sewer revenue bond. We have represented the
Idaho Housing and Finance Association, formerly Idaho Housing Agency, since June, 1973 as
issuer's counsel on all financings and as bond counsel on various financings. The Idaho
Housing and Finance Association has issued over $7 billion of tax-exempt obligations. We
also have served as bond counsel to the Idaho Water Resource Board for over thirty-five (35)
years. We have completed approximately 155 projects for the Idaho Water Resource Board.
Since 2003, we have also served as bond counsel for the Idaho State Building Authority in
certain transactions and for the Idaho Bond Bank Authority. On the local level, we have
regularly served as bond counsel on a variety of financings for other cities, counties, school
districts and related entities throughout the State of Idaho.
PROPOSAL FOR BOND COUNSEL SERVICES—PAGE 1
DocuSign Envelope ID:9C000929-0D94-48C3-85E4-78617BB86CA6
Our firm maintains a current listing under the Municipal Bond Attorney's section of
The Bond Buyer's Directory of Municipal Bond Dealers (Redbook). The firm was the first
Idaho law firm to be so listed (1977). Although other Idaho law firms now are listed in the
Redbook, we believe no Idaho law firm has a comparable depth of experience or a range of
expertise in the area of tax-exempt financing.
3. Resumes:
Richard A. Skinner: Member of the Idaho State Bar and National Association of
Bond Lawyers. Experienced in tax and revenue anticipation notes and warrants,
commercial paper, urban renewal and economic development bonds, single family
mortgage revenue bonds, multi-family housing bonds, tax exempt-lease financing and
certificates of participation, health care revenue bonds, current refundings, industrial
development revenue bonds, general obligation bonds, letter of credit and tender bond
financings, water and sewer revenue bonds, special assessment and local improvement
bonds, school district bonds, and irrigation bonds. Lecturer in public finance matters for
programs sponsored by local and national organizations.
Henry C. Rudolph: Member of the Idaho State Bar and National Association of
Bond Lawyers. Experienced in general obligation bonds, single family mortgage revenue
bonds, multi-family housing bonds, revenue bonds, tax exempt-lease financing, special
assessment and local improvement bonds, community infrastructure bonds, industrial
development revenue bonds, urban renewal and economic development bonds, school
district bonds, health care revenue bonds, current refundings, industrial development
revenue bonds, and nonprofit facilities bonds. Lecturer in public finance matters sponsored
by state and local organizations.
John R. McDevitt: Member of the Idaho State Bar and National Association of
Bond Lawyers. Experienced in general obligation bonds, annual appropriation financing,
revenue bonds, tax exempt-lease financing, special assessment and local improvement
bonds, community infrastructure bonds, urban renewal and economic development bonds,
school district bonds, health care revenue bonds, current refundings, industrial
development revenue bonds, and nonprofit facilities bonds. Lecturer in public finance
matters sponsored by state and local organizations.
4. Bond Counsel Fee Proposal:
In setting forth the terms for our engagement as bond counsel to the City of McCall,
Idaho (the "City"), in connection with the issuance of its general obligation bonds to finance
the construction of a new library, repurposing an existing library, construction of additional
parking (collectively, the "Project"), we understand that the Project will involve
approximately $4,500,000 to$6,500,000 in financing.
We are prepared to furnish bond counsel services in connection with this financing to
the City, which services include consultations and work with respect to certain proceedings
leading to adoption of an election ordinance and a bond ordinance of the City Council;
PROPOSAL FOR BOND COUNSEL SERVICES—PAGE 2
DocuSign Envelope ID:9C000929-0D94-48C3-85E4-78617BB86CA6
preparation and arrangements for proceedings for authorization, sale and issuance of the
bonds; consultations with the City, the City's public finance municipal advisor, and other
parties and counsel; preparation of the bonds for delivery; preparation of closing documents;
and the rendering of a final approving opinion as to the validity of the bonds and tax
exemption of interest thereon.
We estimate our fees and expenses for the above-described services at up to $19,500.
If unusual or unforeseen complications arise in the course of the financing which could
increase our fees,we would contact you to review the matter prior to any such increase.
The above fees and costs may be deferred and paid out of the proceeds of the bonds
no later than the date of bond closing. If the bonds are not issued for any reason, then we
will be compensated by the City for our services rendered, plus any out-of-pocket expenses
incurred to that date subject to the above maximums. If a general obligation bond election
is held but is not successful, and assuming there has been limited travel to and attendance
at public meetings, we would again charge a maximum fee of $3,500, including
out-of-pocket expenses. We would also be available to present the ordinance at the March
11, 2021 City Council TEAMS meeting.
We look forward to the opportunity of working with you on this financing.
Very truly yours,
R FA CETT LLP
HE Y . OLPH
* * * * *
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The foregoing has been approved by this I day of (G,C L , 2021.
CITY OF MCCALL
Valley County, Idaho
By:
Robert S. Giles,Mayor
PROPOSAL FOR BOND COUNSEL SERVICES—PAGE 3