Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Finance topic
No spam. Unsubscribe anytime.
Harvey County selects Columbia Capital as municipal financial advisor; staff cite $15,000 base fee
Summary
Following staff interviews and counsel consultation, the Board unanimously authorized contracting Columbia Capital Management, LLC for municipal financial advisory services; staff noted Columbia's fee structure and estimated cost if the county bonds $8.3 million.
County staff told commissioners March 24 that after evaluating RFP responses and interviewing three firms they recommended Columbia Capital Management, LLC as the county's municipal financial advisor. Staff described Columbia's fee proposal and presented an approximate example: a $15,000 base fee plus $0.90 per $1,000, which would total about $22,470 if the county bonds $8.3 million. Commissioners voted to contract Columbia Capital and authorized staff to sign the agreement.
The recorded motion states: "Don Schroeder made a motion to contract Columbia Capital Management, LLC for Municipal Financial Advisory Services for Harvey County and authorize staff to sign. Becky Reimer seconded the motion. Motion passed unanimously." County staff indicated the recommendation followed interviews and discussion with the county's bond counsel.
The contract awards Columbia Capital the role of municipal advisor; staff and commissioners did not record the full contract terms in the minutes beyond the fee example and authorization for staff signature. Staff will finalize engagement paperwork and proceed with advisory support on any bond planning or future financings.
