Item Description:
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Agmt PR00007157 with Taft Stettinius & Hollister LLP, to provide bond counsel and related legal services, 05/15/25 - 05/15/30, NTE $1,200,000
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Resolution:
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BE IT RESOLVED, that Agreement PR00007157 with Taft Stettinius & Hollister LLP, for the provision of bond counsel and related legal services to Hennepin County for the period May 15, 2025 through May 15, 2030 and a total not-to-exceed amount of $1,200,000 be approved; and that following review and approval by the County Attorney's Office, the Chair of the Board be authorized to sign such agreement on behalf of the County; and that the controller be authorized to disburse funds as directed.
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Background:
The Hennepin County Debt Management Policy provides that the county will maintain an ongoing relationship with bond counsel related to the issuance of debt, to render opinions on the validity, enforceability and tax exempt status of County debt issues, prepare all necessary resolutions, agreements, and other legal documents, and to advise on all relevant state and federal tax laws, as well as debt issuance matters generally. The Hennepin County Policy and Procedure for Retaining Outside Legal Counsel provides that the Hennepin County Attorney's Office (CAO) will process any request for outside counsel, including outside bond counsel, in cooperation with the applicable County department. Accordingly, the CAO recently collaborated with the Office of Budget and Finance (OBF) and Purchasing & Contract Services to conduct a Request for Proposal (RFP) for bond counsel and related legal services.
Four proposals were submitted in response to the RFP, and the top three were interviewed. Following those interviews, Taft Stettinius & Hollister LLP was determined to be the firm that best meets the county's needs. The proposed agreement has a five-year term, subject to cancellation with or without cause. The contract includes provisions requiring disclosure of any potential conflic...
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