Laserfiche WebLink
Agreements with Urban Futures, Orrick & BBK <br />August 21, 2018 <br />Page 3 <br />District, the County of Orange, Rancho Santiago Community College District and other countywide <br />special districts) as residual revenues. <br />In anticipation of DOF approval and in order to continue with the process of refunding, staff is <br />recommending to reconfirm and assign the following financing team members: <br />Urban Futures, Inc. ("UFI") as Financial Advisor and Fiscal Consultant; <br />Orrick, Herrington & Sutcliffe, LLP ("Orrick") as Bond Counsel and; <br />Best, Best & Krieger, LLP ("BBK") as Disclosure Counsel. <br />STRATEGIC PLAN ALIGNMENT <br />Approval of this item supports the City's effort to meet Goal #4 — City Financial Stability, Objective <br />#2 — (Provide a reliable five-year financial forecast that ensures financial stability in accordance <br />with the strategic plan), Strategy D (Conduct an assessment of the City's debt and refinancing <br />options to achieve savings). <br />FISCAL IMPACT <br />All costs associated with this transaction will be paid at closing of the Refunding Process, with <br />proceeds from the refunding 2018 Bonds scheduled for October/November 2018. <br />Steven A. Mendoza <br />Executive Director <br />Community Development Agency <br />Sergio Vidal go <br />Assistant Finance Director <br />Finance and Management Services Agency <br />Exhibits: 1. Urban Futures Inc. Agreement <br />2. Orrick, Herrington & Sutcliffe, LLP Agreement <br />3. Best, Best & Krieger, LLP Agreement <br />SA -3-3 <br />