School District of Clay County Green Cove Springs, Florida |
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Teacher Inservice Center - Fleming Island High School 2233 Village Square Parkway Hearings for Special Actions regarding Students - 4:00 p.m. REGULAR MEETING - 7:00 p.m. |
Agenda Item #21 Item Title Agreement between School Board and Ford & Associates, Inc. Issue/Rationale Request approval to contract for Financial Advisory services for the issuance of certificates, bonds and other long-term debt instruments. Recommended Action Approve contract to implement an Agreement between the Clay County School Board and Ford & Associates, Inc. Financial Impact The fees’ based on the following schedule: $.95/$1,000 for the first $25,000,000 $.80/$1,000 for the amount over $25,000,000 $.60/$1,000 for the amount over $60,000,000 Fees subject to minimum fee of $20,000 per bond issue, plus out-of-pocket not-to-exceed $3,500.00. For privately placed TANs and RANs a fee of $6,500 per issue
plus expenses not to exceed $1,500.00. For investment of Bond Proceeds and/or
other construction monies a fee not to exceed 5 basis points per annum on the
par amount of the investment, or such lesser fees as may be dictated by U.S.
Treasury regulation. Submitted By Dr. George F. Copeland, C.P.A., Assistant Superintendent for Business Affairs Data Source: Nancy Racine, Director of Purchasing, Accounts Payable and Materials ManagementAttachment: 2_21_2013 Ford & Associates, Inc. Agreement.pdf |