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04 <br />ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />Action Agenda <br />��- F <br />ACTION AGENDA ITEM ABSTRACT Item No <br />Meeting Date: June 1, 1992 <br />SUBJECT: Selection Process for Bond Counsel <br />DEPARTMENT Finance <br />ATTACHMENT(S) <br />Evaluation Criteria <br />List of Selected Bond Counsels <br />PUBLIC HEARING YES NO X <br />INFORMATION CONTACT <br />Ken Chavious, ext 2450 <br />TELEPHONE NUMBER <br />Hillsborough 732 -8181 <br />Chapel Hill 968 -4501 <br />Mebane 227 -2031 <br />Durham 688 -7331 <br />PURPOSE: To approve a process for selecting bond counsel for the <br />November 1992 school bond referendum. <br />BACKGROUND: During the 1988 bond referendum, and subsequent bond <br />sales, Orange County retained the services of Brown & Wood, with <br />principal Gundars Aperans, as the County's bond counsel. In view of <br />the upcoming school bond referendum, the Board needs to select bond <br />counsel to prepare for the referendum. <br />The Board may decide to appoint Brown & Wood again, based on the <br />excellent service received in the past. Alternatively, the Board may <br />want to appoint an informal selection panel to review the <br />qualifications of other firms as well, to include North Carolina bond <br />counsels. Suggested composition of such a panel would include at <br />least one County Commissioner, the County Manager, County Attorney, <br />and the Finance Director. If the Board chooses the second option, it <br />would be desirable for the committee to solicit letters of interest in <br />early June, review qualifications in mid -June, and make a <br />recommendation to the Board for appointment of bond counsel at the <br />June 29 meeting. <br />RECOMMENDATION(S): As the Board decides. <br />