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Commissioners select Piper Sandler as recommended underwriter and direct contract work; approve Butler Snow engagement and BOK Financial trustee
Summary
The board approved Butler Snow LLP as disclosure counsel for proposed 2025 COPs, accepted staff recommendation to pursue Piper Sandler as underwriter, and directed staff to pursue a contract with BOK Financial as bond trustee.
Finance director Curtis Lang reviewed the county's procurement for instruments related to a proposed certificates of participation series. Lang reported that the county received three underwriter proposals and, with Hilltop Securities' input, recommended Piper Sandler based on experience with the county and lower overall cost. Lang also presented a signed engagement/contract with Butler Snow LLP to provide bond disclosure counsel for the COP issuance and said the county received four trustee quotes and favored BOK Financial for lowest quoted trustee fees.
Commissioner (speaker 3) moved to accept the engagement with Butler Snow and to authorize the chair to sign. After discussion, the board also moved to accept Piper Sandler’s proposal and directed staff to develop the underwriter contract. For the bond trustee, the board moved to direct staff to pursue a contract with BOK Financial in alignment with the presented fee schedule.
