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Commission authorizes up to $56,000 contract with PFM to advise bond refunding
Summary
The commission authorized a contract with Public Financial Management (PFM) not to exceed $56,000 to provide financial advisory services for proposed tax allocation refunding bonds; staff estimated potential present-value savings of more than $6 million and said the advisor retention is required under dissolution law.
The commission authorized a personal-services contract with Public Financial Management (PFM) for financial-advisory services not to exceed $56,000 to support a proposed sale of tax-exempt and taxable tax allocation refunding bonds (Resolution No. 43, 2014). Staff said market…
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