Subject:
Title
Approve Spending with McGuire Woods, LLC as Bond Counsel for 2025 Bond Issuance
Body
DATE(S) OF PRIOR COUNCIL CONSIDERATION OF THIS ISSUE:
Sept. 15, 2025 Work Session
Oct. 6, 2025 Set Public Hearing
Oct. 20, 2025 Work Session
Oct. 27, 2025 Council Meeting
Nov. 10, 2025 Public Hearing
EXPLANATION AND SUMMARY:
The Town of Vienna has engaged McGuire Woods, LLC to act as its bond counsel.
As part of the bond ordinance approved by Council on Nov. 10, 2025, Council approved McGuire Woods, LLC as bond counsel, but the amount needs to be appropriated.
The Director of Finance recommends approving an expenditure not to exceed $75,000 from the $300,000 total 2025 bond issue costs for the services of McGuire Woods, LLC for the 2025 bond sale.
Departmental Recommendation: Recommend approval of McGuire Woods, LLC as bond counsel for the 2025 bond issuance.
Finance Recommendation: Recommend approval of McGuire Woods, LLC as bond counsel for the 2025 bond issuance.
Purchasing Recommendation: Recommend approval.
Town Attorney Recommendation: The Town retains outside specialized legal representation for assistance with the issuance of its general obligation bonds. The Town Council may approve the proposed related legal and advisory fees in its discretion.
Town Manager's Recommendation: I recommend the Town Council approve an appropriation not to exceed $75,000 to compensate McGuire Woods LLC as bond counsel for the 2025 bond sale, as presented.
Cost and Financing: not to exceed $75,000
Account Number: 300-026-1021-39400-48001, project 126BOND020
Prior Funding Approval: Annual General Budget (Year), Amendments, CIP Budget (Year), or ARPA. 2026 CIP Budget
Decision Needed by this date: Dec. 8, 2025
PROPOSED/SUGGESTED MOTION
Recommended Action
"I move to close the public hearing."
And
"I move to approve an appropriation not to exceed $75,000 to compensate McGuire Woods LLC as bond counsel for the 2025 bond sale from the project and account...
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