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Committee approves engagement of Quarles & Brady LLP as bond counsel for short-term borrowing
Summary
Polk County’s Executive and Finance Committee voted to approve a scope of engagement with Quarles & Brady LLP to serve as bond counsel for the planned not-to-exceed $1,085,000 promissory-note issue and to forward that engagement to the full county board.
The committee approved and forwarded to the full county board the proposed engagement letter with Quarles & Brady LLP to provide bond-counsel services for Polk County’s planned short-term promissory-note borrowing. The engagement covers legal documents required for the issuance, including preliminary and final official statements and customary bond-counsel opinions.
Staff explained the county previously approved a municipal-advisory agreement with Wisconsin Public Finance Professionals and now needs to confirm bond-counsel services to proceed with the borrowing process. Committee members voted to forward the engagement letter to the county board for approval.
The action formally places Quarles & Brady in the county’s issuance-team structure pending county-board approval of the engagement and the initial resolution.
