Laserfiche WebLink
LEE COUNTY <br />Committed Today for a Better Tomorrow <br />LEE COUNTY BOARD OF COMMISSIONERS <br />ITEM ABSTRACT ITEM NO. VI. G. <br />Information <br />Meeting Date: May 22, 2014 XX Action Item <br />Consent Agenda <br />SUBJECT Bond Counsel Engagement Letter for CCCC Bond <br />Referendum <br />DEPARTMENT Finance <br />CONTACT PERSON Lisa G. Minter, Assistant County Manager /Finance Director <br />REQUEST Approve the engagement letter from Womble, Carlyle, <br />Sandridge & Rice to serve as bond counsel for the County of <br />Lee, North Carolina General Obligation Community College <br />Bonds. <br />SUMMARY Paul Billow of Womble, Carlyle, Sandridge & Rice has <br />served as Lee County's bond counsel on our last two debt <br />financings. If approved as bond counsel for this issuance, <br />the fee proposed is a fixed fee of $45,000. If the bond <br />referendum should fail, the fee charged would not exceed <br />$15,000. <br />BUDGET IMPACT See above <br />ATTACHMENT(S) Womble, Carlyle, Sandridge & Rice engagement letter <br />RECOMMENDATION Approve the engagement letter from Womble, Carlyle, <br />Sandridge & Rice as presented <br />