Baldwin County, Alabama
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File #: 20-1227    Version: 1
Agenda section: Action Items Status: Passed
File created: 6/11/2020 Meeting type: Baldwin County Commission Regular
On agenda: 7/7/2020 Final action: 7/7/2020
Agenda item title: 2020 General Obligation Warrants - Authorized Representative Form
Attachments: 1. Authorized Representative Form

Meeting Type:   BCC Regular Meeting

Meeting Date:  7/7/2020

Item Status:   New

From: Ronald J. Cink, Budget Director and Cian Harrison, Clerk Treasurer

Submitted by:  Christie Davis, Senior Budget Accountant

______________________________________________________________________

 

ITEM TITLE

Title

2020 General Obligation Warrants - Authorized Representative Form

Body

 

STAFF RECOMMENDATION

Recommendation

Approve and authorize the Chairman and necessary staff to execute the Authorized Representative Form provided by Regions Financial Corporation regarding the 2020 General Obligation Warrants.

End

 

BACKGROUND INFORMATION

 

Previous Commission action/date:  01/07/20 - Frasier Lanier was chosen as Bond Underwriter for the 2020 General Obligation Warrants via Resolution #2020-048; 01/21/20 - 2020 General Obligation Warrant issuance was finalized via Resolution #2020-053

 

Background:  2020 General Obligation Warrants were issued and finalized in January of 2020.  Regions Financial Corporation has indicated that for their compliance purposes an Authorized Representative Form is needed in their files.  Staff respectfully requests that the Baldwin County Commission approve Cian Harrison and Ronald Cink as Authorized Representatives regarding the 2020 General Obligation Warrants. 

 

 

FINANCIAL IMPACT

 

Total cost of recommendation:  N/A

 

Budget line item(s) to be used:  N/A

 

If this is not a budgeted expenditure, does the recommendation create a need for funding?  N/A

 

 

LEGAL IMPACT

 

Is legal review necessary for this staff recommendation and related documents? 

N/A

 

Reviewed/approved by:  N/A

 

Additional comments:  N/A

 

 

ADVERTISING REQUIREMENTS

 

Is advertising required for this recommendation?  N/A

 

If the proof of publication affidavit is not attached, list the reason: N/A

 

 

FOLLOW UP IMPLEMENTATION

 

For time-sensitive follow up, select deadline date for follow up:  N/A

 

Individual(s) responsible for follow up:  Cian Harrison, Clerk Treasurer

 

Action required (list contact persons/addresses if documents are to be mailed or emailed):  Cian Harrison will ensure that Regions Financial Corporation receives the Authorized Representative Form.

 

Additional instructions/notes:  N/A