To: Board of Supervisors
From: Treasurer/Tax Collector
Agenda Section: Consent
Vote Requirement: Majority
SUBJECT:
title
Approval of an agreement with KNN Public Finance, LLC for Municipal Advisory Services Related to the County's Long-term Financing Needs from Dec. 1, 2026 to Dec. 31, 2028 in the Amount of $100,000
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RECOMMENDATION(S):
Recommendation
That the Board of Supervisors:
1. Approve the attached agreement with KNN Public Finance, LLC for municipal advisory services in the amount not to exceed $100,000, or $25,000 per fiscal year (FY), for the period of Dec. 1, 2026 to Dec. 31, 2028; and
2. Authorize the Treasurer-Tax Collector to execute the agreement.
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STRATEGIC PLAN:
This action supports the following areas of your Board's Strategic Plan.
Area of Focus: Core Services/Other
Strategic Plan Category: 9999 - Core Services/Other
DISCUSSION:
The Treasurer-Tax Collector requests approval of an agreement with KNN Public Finance, LLC ("KNN") to provide municipal advisory services in connection with the County's long-term financing and debt-related activities. Services may include financial analysis, evaluation of financing options, structuring of debt, coordination with bond counsel and other financing professionals and advisory support as needed. The agreement is structured as an hourly contract with an annual not-to-exceed amount, providing flexibility while maintaining cost control.
KNN Public Finance, LLC was selected as a sole source provider based on the firm's experience providing municipal advisory services to Northern California counties with similar size, fiscal structures and financing needs as Humboldt County. KNN's work with neighboring counties provides familiarity with regional market conditions, California public finance practices and financing considerations relevant to Northern California jurisdictions. This regional experience supports effective planning and informed decision-making related to the County's lo...
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