Estill County chooses Compass as municipal advisor after interviews with three firms
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Summary
Following presentations from three municipal-advisor firms, the Estill County Board approved a contract with Compass Municipal Advisors; the contract begins upon signature and was described as subject to an initial 30-day evaluation period.
The Estill County Board of Education voted Aug. 21 to contract with Compass Municipal Advisors to provide municipal-advisory services, including bond sales and planning support.
Superintendent Brock told the board the district interviewed three firms — the incumbent Baird, RSA and Compass — and a committee that included district staff recommended Compass. "It is our recommendation that we go with Compass Municipal Advisors," Brock said.
Brock said the district was impressed by Compass’s "more tailored approach" and its stated willingness to be "hands on" with local planning and growth, rather than only selling bonds. Board members praised Baird’s past service but said Compass’s approach better fit the district’s goals.
The board approved the Compass contract in a unanimous vote. Brock said the contract would take effect when signed and described it as "basically like a 30‑day contract" to allow the district to evaluate services and discontinue if standards are not met. Brock also said he would notify Baird and RSA after the board’s decision.
Why it matters: A municipal advisor helps structure bond sales, advise on financing and guide capital planning. The district’s choice of advisor will shape any upcoming debt offerings and capital projects.
The board voted to enter closed session after the public portion of the meeting.