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Meeting Date:
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6/21/2017 - 3:30 PM
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Category:
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Consent Calendar
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Type:
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Action
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Subject:
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11.53 BUILDING AND GROUNDS: Multi-Year Professional Services Agreement With Koppel and Gruber Public Finance for Consulting Services to Administer Community Facilities District Nos. 91-1 and 92-1 (funded through Community Facilities District 91-1 and 92-1 and the Capital Facilities fund, not the General Fund)
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Strategic Plan:
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Enclosure
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File Attachment:
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Summary:
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The Perris Union High School District (PUHSD) would like to continue to retain the services of qualified special tax consultants, Koppel and Gruber Public Finance, to administer Community Facilities District (CFD) Nos. 91-1 and 92-1. Koppel and Gruber Public Finance was selected as the District’s CFD Administrator based on several factors as determined to meet the needs of the District. These factors include: understanding of the work required by the District; demonstrated competence and professional qualifications necessary for successfully performing work required by the District; experience in successfully performing similar services; proposed approach in completing the work; background and related experience of the specific individuals to be assigned to this project; and their proven services as provided to District.
In addition to CFD Administration, Koppel and Gruber Public Finance performs other necessary services as it relates to public finance as well as the assessment of school fees. Koppel and Gruber have successfully completed the annual School Facilities Needs Analysis (SFNA) for several years and have performed continuing disclosure and arbitrage calculations as well. An SNFA is prepared pursuant to Government Code Sections 65995.5, 65995.6 and 65995.7, as well as Education Code Section 17620, to justify Level II and Level III Alternate School Fees. Continuing disclosure reports are required under SEC Rule 15c2-12 and in accordance with disclosure certificates for the District’s bond issuances. Arbitrage calculations must also be prepared for bond issuances pursuant to Section 148 (f) of the Internal Revenue Code of 1986.
The annual cost to administer CFD No. 91-1 is $3,235. The annual cost to administer CFD No. 92-1 is $13,375. The annual cost for delinquency administration, payable on a per parcel basis is estimated not to exceed $15,000. Continuing disclosure services and arbitrage calculations, payable on a per bond issue, or per calculation basis are estimated not to exceed $10,000. The base cost to perform the 2011 SFNA is $9,234, with total costs estimated not to exceed $15,000. In conjunction with these services, Koppel and Gruber may perform additional work if authorized by the District. This will be compensated on a per task basis, or on an hourly basis as defined within the contract. It is estimated that additional work will not exceed $15,000. The ongoing parcel audit associated with CFD 92-1 is included in this category.
The term of this Agreement shall be for five years beginning the 2017-18 school year commencing July 1, 2017, and terminating June 30, 2022, unless terminated earlier pursuant to Section 4.2.
Legal reference for this contract is Government Code 53060.
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Funding:
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The cost for this item is included in the 2017-18, 2018-19, 2019-20, 2020-21, and 2021-22 operating budgets funded through Community Facilities District 91-1 and 92-1, as well as the Capital Facilities Fund, Fund 25.
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Recommendation:
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It is recommended that the Board of Trustees approve the Multi-Year Professional Services Agreement with Koppel and Gruber Public Finance.
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Approvals:
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Recommended By:
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Signed By:
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Hector Gonzalez - Director of Facilities
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Signed By:
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Nick Newkirk - Director - Purchasing
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Signed By:
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Candace Reines - Deputy Superintendent
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Signed By:
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Grant Bennett - Superintendent
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Vote Results:
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| Original Motion | | Member David Nelissen Moved, Member Carolyn Twyman seconded to approve the Original motion 'It is recommended that the Board of Trustees approve the Multi-Year Professional Services Agreement with Koppel and Gruber Public Finance.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 4 Nay: 0. | | The motion Carried 4 - 0 | | | | | Carolyn Twyman | Yes | | David Nelissen | Yes | | Dr. Jose Luis Araux | Yes | | Anthony T. Stafford, Sr. | Yes | |
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