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