HomeMy WebLinkAboutR-87-0173J-87-118
1/27/87
RESOLUTION N0. 87 -1'73
A RESOLUTION, BY A 4/ 5THS AFFIRIIATIVE VOTE
OF THE IIE11BERS OF THE CITY COMMISSION AFTER
A DULY ADVERTISED PUBLIC REARING, RATIFYING
THE CITY MANAGER' S FINDING OF SOLE SOURCE;
WAIVING THE REQUIREMENTS FOR C01PF.TITIVE
SEALED BIDS AND APPROVI14G T!IE PURCHASE OF
PROFESSIONAL SERVICES, RELATED MAINTENANCE,
COMPUTERS PROGRAMS, AND EQUIP'IENT FOR HONEY
MAX CO"IPUTERIZED CASH FLOW INVESTMENT
SYSTEM FOR THE DEPARTMENT ON A CONTRACT BASIS
FOR ONE (1)YEAR RENEWABLE. ANNUALLY FROM WISMER
ASSOCIATES INC. AT A PROPOSED YEARLY COST OF
$18,000.00; ALLOCATI14G FUNDS THEREFOR FROM
THE GENERAL FUND; AUTHORIZING THE. CITY MANAGER
TO INSTRUCT THE CHIEF PROCUREMENT OFFICER TO
ISSUE A PURCHASE ORDER FOR THIS SERVICE,
SUBJECT TO THE AVAILABILITY OF FUNDS.
WHEREAS, proper and efficient functioning of the
existing iloneymax Computerized Cash Flow Investment System is of
most upmost importance; and
WHEREAS, the existing 11oneymax Computerized Cash Flow
Investment System is provided by Wismer Associates; and
WHEREAS, Wismer Associates, Inc. is the only known
supplier who can provide this service to the Moneymax Computerized
Cash Flow Investment System; and
WHEREAS, funds for this purchase are available in the
General Fund; and
WHEREAS, the Chief Procurement officer has adopted a
finding wherein that Wismer Associates, Inc. is the Sole Source of
supply to the City for this service and supporting equipment and
maintenance cost, and that the pricing offered is both reasonable
and favorable; and
WHEREAS, the findings of the Chief Procurement Officer
have been approved and adopted as the finding of the City tianager;
and
WHEREAS, the City Manager and the Director of Finance
recommend that the requirement for competitive formal sealed bids
be waived and the purchase from Wismer Associates, Inc. as the sole
source, be approved;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE
CITY COMMISSIt
CITY OF MIAMI, FLORIDA:
5 1i
Section 1. By an affirmative vote of 4/5ths of the
Tlembers of the City Commission, after a duly advertised public
hearing, the City iIanager's written finding that Wismer Associate,
Inc. is the Sole Source of supply to the City for furnishing
maintenance service and related equipment and technical support for
the 11oneymax Computerized Cash Flow Investment System on a contract
basis for one (1) year renewable annually to the Department of
Finance at a proposed yearly cost of $18,000.00 is hereby accepted
with funds therefor hereby allocated from the General Fund.
Section 2. The City Manager is hereby authorized to
instruct the Chief procurement Officer to issue a purchase order
for this service, subject to the availability of funds.
PASSED AND ADOPTED this 12th day of February 1987.
XAVIER L. StfAREZ
MAYOR
ATTEST:
•
MAT Y HIRAI, CITY CLERK
FINANCIAL REVIEW AND APPROVAL:
CARL . GARCIA, DIRECTOR
DEPART NT OF FINANCE
BUDGETARY REVIEW AND APPROVAL:
MANOHA OR
DEPART ANAGEMENT AND BUDGET
PREPARED AND APPROVED BY:
e"t& a �
ROBERT F. CLARK A
CHIEF DEPUTY CITY ATTORNEY
APPROVED AS CO FORM AND CORRECTNESS:
LUC A A. DOUGHERTY 87-173-
CITY ATTORNEY
V
CITY OF MIAMI. FLORIDA
INTER -OFFICE MEMORANDUM
TO. Honorable Mayor and Members
of the City Commission
FROM!
Cesar H. Odio
City Manager `
RECOMMENDATION:
DATE: FEB $ 4 1981 PILE:
SUBJECT: Resolution Waiving
Requirements for Formal
Sealed Bids
REFERENCES:
ENCLOSURES:
It is respectfully recommended that the City Commission adopt the
attached resolution waiving the requirement for competitive formal
sealed bids and approve the purchase of professional services,
related maintenance, programs and equipment from Wismer Associates as
the sole source.
BACKGROUND:
The Finance Department has studied and reviewed this situation and
concludes that Wismer Associates, Inc. is the sole source of supply
to the City to provide maintenance and equipment for the Moneymax
Computerized Cash Flow System.
The Moneymax Computerized Cash Flow System provides accurate, timely
data processing services including the following:
- Reconciliation and portfolio accounting
- Cash flow forecasting
- A risk profile on swaps and trades
Also, the system provides the required reports for cash management
decisions, daily cash requirements for day-to-day operations, and
monitors investment goals thereby helping to maximize our interest on
investments.
There will be no additional funding required. The funds have
previously been appropriated and approved for these annual charges.
Funds were originally appropriated for the system in Ordinance No.
8915.
Attachments:
Proposed Resolution
8'7-1'73,