County retains two consultants

Springsted, Inc., will continue as the Washington County financial advisors and Kennedy & Graven, Chartered, will continue as bond counsel after the county board approved five-year contracts with both on Jan. 3.

The county retains expert financial advisor and bond counsel services to protect its financial interests and expedite debt issuance transactions. These firms have significant resources to represent the county’s best interest in bond market transactions and to ensure that the county’s actions comply with various federal and state regulations. Both firms currently serve the county in their respective capacities, and both will receive new contracts.

Since the county’s current bonding strategy for the Capital Improvement Plan include major bond issues at four-year intervals, it is most efficient to enter into five-year contracts.