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OCII authorizes bond counsel and disclosure counsel contracts to support Mission Bay financing
Summary
The commission authorized personal-services contracts for bond counsel (Jones Hall, up to $470,000) and disclosure counsel (Carl Bartling/Kearls Bartling, up to $196,000) to support planned Mission Bay refunding and new-money bonds, with staff estimating potential tax-exempt bond savings in excess of $15 million.
The Commission on Community Investment and Infrastructure on April 7 authorized two personal-services contracts to support planned debt transactions for Mission Bay North and South: Jones Hall as bond counsel (not-to-exceed $470,000) and Carl (Kearls) Bartling as disclosure counsel (not-to-exceed $196,000).
John Daigle, senior financial analyst, told commissioners the not-to-exceed amounts were based on a planning assumption of issuing up to five series of bonds totaling approximately $365…
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