Summary
PICA adopted Resolution No. 2020-12, approving the retention of Parker Bond Consulting for arbitrage rebate calculations required for PICA’s outstanding bonds. These calculations ensure compliance with federal tax laws regarding bond proceeds. Parker Bond Consulting was selected due to its expertise, with the principal owner having previously performed similar work for PICA. The engagement covers the calculation period ending June 30, 2020, for a fee of $4,500. The resolution authorizes the execution of necessary contracts and affirms prior related actions. It takes effect immediately, ensuring continued financial compliance.