ADOPTED - SEPTEMBER 28, 2010

                                                                                                                                                   Agenda Item No. 22

Introduced by the County Services and Finance Committees of the:

INGHAM COUNTY BOARD OF COMMISSIONERS

RESOLUTION AUTHORIZING A CONTRACT WITH STAUDER, BARCH & COMPANY TO PERFORM  FINANCIAL CONSULTING ON THE 2010 GRADY PORTER BONDS REFINANCING

RESOLUTION #10-297

WHEREAS, it is cost beneficial to refinance the 2002 Grady Porter Bonds; and

WHEREAS, a financial consultant is needed to complete this refinancing process; and

WHEREAS, Stauder, Barch & Company was the County’s financial consultant for the original bonding process and has provided a quote to perform the refinancing service at a price of $18,900.

THEREFORE BE IT RESOLVED, that the Ingham County Board of Commissioners approves a contact with Stauder, Barch & Company in the amount of $18,900, to perform financial consulting on the 2010 Grady Porter Bonds refinancing and that the expenditure will be paid from the bond proceeds.

BE IT FURTHER RESOLVED, that the Chairperson of the Ingham County Board of Commissioners and the County Clerk are authorized to sign any contract documents consistent with this resolution and approved as to form by the County Attorney.

COUNTY SERVICES:  Yeas:  Copedge, Celentino, Grebner, McGrain, Vickers

Nays:  None          Absent:  Schor        Approved 9/21/10

FINANCE:   Yeas:  Grebner, Tennis, Holman, Dougan

Nays:  None         Absent: Schor, Bahar-Cook    Approved 9/22/10