HomeMy WebLinkAboutR-98-1015J-98-1050
10/5/98
RESOLUTION NO. v V— 1 v 1 5
A RESOLUTION AUTHORIZING THE CITY MANAGER TO
ISSUE A REQUEST FOR PROPOSALS (REP) TO OBTAIN
A QUALIFIED FINANCIAL ADVISOR TO PROVIDE A
BROAD SCOPE OF PROFESSIONAL FINANCIAL
SERVICES TO THE CITY OF MIAMI ON BEHALF OF
THE DEPARTMENT OF FINANCE; FURTHER
AUTHORIZING THE CITY MANAGER TO EVALUATE SAID
PROPOSALS AND PRESENT THEM TO THE CITY
COMMISSION, IN RANK ORDER, FOR ITS REVIEW AND
CONSIDERATION.
WHEREAS, the Department of Finance desires to initiate the
Request for Proposals process to obtain a Financial Advisor for
the City to provide a broad scope of professional financial
services; and
WHEREAS, the City Manager and the Director of Finance
recommend that the REP process be implemented to obtain proposals
for said services;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY
OF MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the
Preamble to this Resolution are hereby adopted by reference
thereto and incorporated herein as if fully set forth in this
Section.
Section 2. The City Manager is hereby authorized to
My CO&OWSION
JMTTING OF
OCT 13W8
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issue a Request for Proposals ("REP") to obtain a qualified
Financial Advisor to provide a broad scope of professional
financial services for the City on behalf of the Department of
Finance.
Section 3.
The
City
Manager is
hereby directed
to
evaluate said
proposals
and
present the
most qualified to
the
City Commission, in rank order, for its review and consideration.
Section 4. This Resolution shall become effective
immediately upon its adoption and signature of the Mayor.1/
PASSED AND ADOPTED this 13th day of October , 1998.
JOE CAROLLO, MAYOR
In accordance with Miami Code Sec. 2-36, since the Mayor did not indicate approval of
this legislation by signing it in the designated place provided, said legislation now
becxxoes effective with the elapse of ten (10) days from the date of Commission ction
regarding same, without the Mayor exen:isi a v o.
ATTEST:
Walter J. n, ify Clerk
WALTER J. FOEMAN
CITY CLERK
APPROVFZ AS O_.FORM ;�ND CORRECTNESS :)�/
NBRO V I L
ATTORNEY
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1� If the Mayor does not sign this Resolution, it shall become effective at
the end of ten calendar days from the date it was passed and adopted.
If the Mayor vetoes this Resolution, it shall become effective
immediately upon override of the veto by the City Commission.
2
98-1915
CITY OF MIAMI, FLORIDA 25
INTER -OFFICE MEMORANDUM
TO: DATE: OCT — ° 1998 FILE
Honorable Mayor and Members
of the City Commission SUBJECT: Resolution Requesting Authorization
to Issue a Request for Proposals to
obtain a Financial Advisor
FROM:4
8 REFERENCES:
arshaw i r
City Manager ENCLOSURES:
RECOMMENDATION
It is respectfully recommended that the City Commission adopt the attached Resolution
authorizing the City Manager to issue a Request for Proposals (RFP) to obtain a Financial
Advisor for the Department of Finance on behalf of the City of Miami.
BACKGROUND
The City of Miami currently is in need of a Financial Advisor on behalf of the City for the
Department of Finance to review and develop recommendations as to all financial transactions of
sufficient size that might impact on the fiscal condition of the City with particular attention in the
area of debt issuance, refinancing, defeasance and structure of existing and future issuances of the
City, its agencies, departments, instrumentalities and affiliations including DOSP, MSEA, DDA,
and the City's Community Redevelopment Agencies.
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CoverMemoRFPFinancialAdvisorFinance