File #: 18-1272    Version: 1 Name:
Type: Item Approved on Behalf of the Board Status: Passed
File created: 12/11/2018 In control: Board of Mayor & Aldermen
On agenda: 1/8/2019 Final action: 1/8/2019
Title: City of Franklin Contract 2018-0261 with DAC (Digital Assurance Certification) in an Annual Amount of $2,500 for Continuing Debt Disclosures
Sponsors: Kristine Brock, Mike Lowe
Attachments: 1. Contract # 2018-0261 DAC - Agreement for Bond Compliance Services.pdf

 

DATE:                                                               December 11, 2018

 

TO:                                          Board of Mayor and Aldermen

 

FROM:                                          Eric Stuckey, City Administrator

                                          Kristine Tallent, Assistant City Administrator/CFO

                                          Mike Lowe, Comptroller                     

                                          

SUBJECT:                                          

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City of Franklin Contract 2018-0261 with DAC (Digital Assurance Certification) in an Annual Amount of $2,500 for Continuing Debt Disclosures 

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Purpose

The purpose of this memorandum is to provide information to the Franklin Board of Mayor and Aldermen (BOMA) concerning services for continuing bond disclosures required by the SEC (Securities and Exchange Commission).

 

Background

Through this agreement, DAC will provide services to disseminate required bond information used by regulatory bodies, rating agencies, broker-dealers, and investors.

 

Financial Impact

This agreement is for $2,500 annually, budgeted under the Finance Department (General Fund).

 

Recommendation

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This agreement was entered into under authority provided to the City Administrator by the Board of Mayor and Aldermen.