Summary
PICA adopted Resolution No. 2020-04, approving the selection of bond counsel and underwriters to support the 2019 Refunding Bonds issuance. The selected firms include Saul Ewing Arnstein & Lehr, LLP and Ahmad Zaffarese, LLC as bond counsel, and RBC Capital Markets and Siebert Cisneros Shank & Co., L.L.C. as senior managers. The resolution sets fee limits for legal services and bond underwriting to ensure cost efficiency. The Executive Director was granted authority to finalize contracts and determine service terms. This engagement ensures professional support for the bond refunding process. The resolution takes effect immediately.