Pays Arbitrage Compliance Specialists $12,750 to check the district's bond debt against IRS rules

Arbitrage Compliance Specialists, Inc. will review the district's bond-related documents to help it meet IRS arbitrage compliance requirements, for the Facilities Planning and Management Project. The cost is $12,750, and the work is scheduled from July 2020 to June 2024.

Plain-English summary written by AI from the official text. AI summary · amounts checked against official text

Vendor / partner: Arbitrage Compliance Specialists, Inc. · Greenwood Village, CO
Action: New agreement
Category: Legal, compliance & risk
Term: Jul 1, 2020 – Jun 30, 2024
This vote: $12,750
Funding: Fund 21 Measure J
Resource / site: 9650 918
Vendor no.: 000477
Presented by: Deputy Chief, Facilities Planning and Management
File: 20-2175 · agenda V1.-2
Outcome: Adopted on the General Consent Report, Dec 9, 2020

Official text

Approval by the Board of Education of General Services Agreement between District and Arbitrage Compliance Specialists Inc., Greenwood Village, CO, for the latter to provide arbitrage compliance services to help the District, comply with the IRS arbitrage compliance requirements, which includes reviewing documents related to debt issues, to include the Official Statement, Tax Certificate, IRS Form 8038-G and CPA Verification Report, including all work described in the March 5, 2020, proposal attached to this Agreement as Exhibit A, for the Facilities Planning & Management Project, in the amount of $12,750.00, as the selected consultant, with work scheduled to commence on July 1, 2020, and scheduled to last until June 30, 2024, pursuant to the Agreement.

History

Dec 9, 2020 Adopted on the General Consent Report

This is an independent project created to provide transparency to the OUSD Community, and is not affiliated with Oakland Unified District. All data used to create the Consent Report Tracker is made public by Legistar, OUSD's official platform for posting legislative records. Plain-English summaries are written by AI with narrow parameters based upon the official text of the reports. Read about how all this works.