Summary
PICA adopted Resolution No. 2018-12, approving the engagement of Parker Bond Consulting to perform arbitrage rebate calculations for the reporting period ending June 30, 2018. The Authority determined that a competitive procurement process was not required, given the firm’s prior experience in performing these calculations. The engagement letter, dated June 13, 2018, outlines that Parker Bond Consulting will be compensated $4,000 for these services. PICA staff reviewed and recommended approval of the contract to ensure compliance with federal arbitrage rebate regulations. The resolution authorizes officers to execute all necessary agreements and ratifies prior related actions. It takes effect immediately.