Subject:
Title
Second Amendment to the agreement with Nabors, Giblin & Nickerson, P. A. for disclosure counsel services
label
Recommended Action:
Recommended Action
Approval and execution by the County Administrator of the Second Amendment to the agreement with Nabors, Giblin & Nickerson, (NGN) P.A. for disclosure counsel services.
• The purpose of this contact is to provide legal representation on behalf of the County in connection for disclosure counsel services of the County in public finance matters.
• The Second Amendment increases the contract for a revised annual not to exceed amount of $170,000.00 through September 30, 2025.
• The Purchasing Director approved the award on December 29, 2015, for an annual not to exceed amount of $50,000.00 through September 30, 2020, and approved a time-only extension on May 22, 2020, with no increase to funding.
• This specific item is not budgeted in FY24, but appropriations are available in other accounts within the budgetary control in the Tourist Development Tax Fund. Funding for the second year of this amendment will likely be requested in future budgets.
Contract No. 145-0294-P(LN) increase in the annual not to exceed amount of $170,000.00 through September 30, 2025. Body
Strategic Plan:
Deliver First Class Services to the Public and Our Customers
5.2 Be responsible stewards of the Public’s Resources
Summary:
Approval of this amendment increases the contract for an annual not to exceed amount of $170,000.00 through September 30, 2025.
Background/Explanation:
The Purchasing Director approved the award on December 29, 2015, for an annual not to exceed amount of $50,000.00 through September 30, 2020, and approved a time-only extension on May 22, 2020.
Services include preparing disclosure documents, reviewing underwriting proposals, closing documents, rendering written opinions, and assisting in preparation of documents required to meet the continuing disclosure requirements of the Securities
and Exchange Commission.
Fiscal Impact:
Total annual expenditure not to exceed: $170,000.00. This specific item is not budgeted in FY24, but appropriations are available in other accounts within the budgetary control in the Tourist Development Tax Fund. Funding for the second year of this amendment will likely be requested in future budgets.
Delegated Authority:
Authority for the County Administrator to sign this Second Amendment is granted under Code Section 2-62 (a)(2).
Staff Member Responsible:
Don Crowell, Chief Assistant County Attorney
Merry Celeste, Division Director, Purchasing & Risk, Administrative Services
Partners:
N/A
Attachments:
Second Amendment