Hesperia

City Council

September 17, 2024 Item #4

Agenda Item 4

4. Page 27 Community Facilities District 2005-1 Bond Refunding - Professional Services\nAgreement with NBS Government Finance Group\nRecommended Action:\nIt is recommended that the City Council authorize the City Manager to enter into\nan agreement with NBS Government Finance Group (NBS) in an amount of\n$25,000, to provide professional services related to the Community Facilities\nDistrict (CFD) 2005-1 (Belgate Development Restructuring) Special Tax, Series\n2014 Bond Refunding. As this agreement is solely related to the refinancing of\na debt issue, if approved, the agreement would be separate from other existing\nagreements with NBS totaling $200,000 for ongoing services related to CFD\nformation, assessment district administration, and annexation services, for\nCFD 2005-1, CFD 2021-1, CFD 2022-1, and CFD 2023-1.\nStaff Person: Assistant City Manager Casey Brooksher\nAttachments: SR NBS Government Finance Group Agreement 9-17-2024