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City staff seek new five‑year contracts for municipal financial adviser and bond counsel; no committee vote due to lack of quorum
Summary
Staff recommended renewing five‑year contracts with the city’s municipal financial adviser (Munozat) and bond counsel (Shipman & Goodwin) to support future bond sales and capital planning; committee discussion emphasized the adviser’s role in capital planning and proposed a joint briefing for council and finance oversight bodies.
Staff presented two proposed five‑year professional services contracts related to bond issuance and capital financing to the Finance and Claims Committee on Sept. 11: one with the city’s municipal financial adviser (up to $370,500 over five years) and one with bond counsel (up to $477,500 over five years). The committee did not vote because there was no quorum.
A staff member described the municipal financial adviser’s role in preparing official statements, coordinating departments for bond sales, advising on timing, and working with rating…
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