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CITY of RAPID CITY Agenda Item Summary |
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Meeting Date: 07/16/2014 |
Commission, Board or Committee: Legal & Finance Committee |
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Staff Contact: Pauline Sumption |
PW Committee or L&F Committee: |
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Petitioner: N/A |
City Council 1st Reading: 07/21/2013 |
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Location: |
City Council 2nd Reading: |
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Agenda Title: |
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Authorize Mayor & Finance Officer to sign Municipal Advisor Agreement with Dougherty & Co, LLC for the Rushmore Plaza Civic Center Expansion Project |
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Summary: |
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Cost for services will be a base of $25,000 plus a contingent fee of $.50/$1,000 of bonds issued. There are provisions in place to determine if and when the payments would be made. |
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Funding Source & Fiscal Impact (if applicable): |
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Reimbursed through debt proceeds if the project is successfully funded. The base fee should be paid through the Vision Fund undesignated cash so that all costs associated with this project are expended from the same fund. |
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Recommendation: |
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Action: Authorize Notes: |
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Options: |
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Attachments & Links: |
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