Bond Counsel Services

The vendor is required to provide legal advisory services including, but not limited to, the county’s issuance of general obligation debt, including serial bonds, refunding bonds, bond anticipation notes (bans), tax anticipation notes (tans), revenue anticipation notes (rans), disclosure in connection with the issuance of county obligations, and related tax issues.
- Analyze legal authority for each bond issue to ensure constitutional, statutory, and regulatory compliance and advise the county as to the selection of the parameters and structure of each bond issue.
- Advise the county as to the appropriate steps to authorize and issue bonds and work with the county to obtain any required regulatory approvals and to hold any required hearings.
- The required documents and their material terms include:
• Bond resolution;
• Official statements;
• Loan agreements and escrow deposit agreements;
• Documentation relating to tax-exempt status of the bonds;
• Arbitrage certificates;
• Closing documentation;
• Provisions regarding the pledge of, among other things, assets, revenues, or property as security for repayment of bonds;
• General terms of the bonds such as medium of payment, date, authentication, and transfer
• Redemption provisions;
• Ability to issue additional bonds;
• Establishment of additional funds, including the debt service fund, and the application thereof;
• General covenants of the issuer;
• Provisions for supplemental or amendatory resolutions;
• Remedies upon default;
• Defeasance and discharge of the lien created by the bond resolution;
• Letters of credit, remarketing agreements, and reimbursement agreements for the implementation of a liquidity facility.
- Render legal advice and any legal opinions necessary with regard to the legal issues related to the issuance and sale of bonds, and, when requested, related to arbitrage, rebate and other tax matters, disclosure requirements, securities transactions, or other matters deemed necessary by the county.
- Contract Period/Term: 3 years