HomeMy WebLinkAboutMaster ReportTitle: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), ACCEPTING
THE RECOMMENDATION OF THE CITY MANAGER APPROVING THE FINDINGS OF THE
EVALUATION COMMITTEE, PURSUANT TO REQUEST FOR QUALIFICATIONS ("RFQ") NO.
126077, 1, THAT THE TWO (2) TOP-RANKED FIRMS AND MOST QUALIFIED TO PROVIDE
MUNICIPAL BOND UNDERWRITING SERVICES FOR THE POSITIONS OF SENIOR
MANAGERS, IN RANK ORDER ARE: (1) MERILL LYNCH, PIERCE, FENNER & SMITH
INCORPORATED/BANC OF AMERICA SECURITIES LLC (SENIOR MANAGER) AND (2) JP
MORGAN (CO -SENIOR MANAGER); SHOULD CONTRACT NEGOTIATIONS FAIL OR THE
FINANCIAL INSTITUTION IS NO LONGER PROVIDING SAID SERVICES WITH ANY OF THE
TWO TOP-RANKED FIRMS FOR THE SENIOR MANAGER AND CO -SENIOR MANAGER
POSITIONS, THE CITY OF MIAMI ("CITY") SHOULD NEGOTIATE WITH THE THIRD, FOURTH,
OR FIFTH RANKED FIRMS: RBC, MORGAN KEEGAN, AND GOLDMAN SACHS,
RESPECTIVELY; AUTHORIZING THE CITY MANAGER TO EXECUTE A PROFESSIONAL
SERVICES AGREEMENT(S), IN SUBSTANTIALLY THE ATTACHED FORM(S), ON AN
AS -NEEDED BASIS, FOR A BASE TERM OF TWO (2) YEARS, WITH THE OPTION TO RENEW
FOR THREE (3) ADDITIONAL ONE (1) YEAR PERIODS; FURTHER INDICATING THE THREE
TOP-RANKED FIRMS AND MOST QUALIFIED TO PROVIDE MUNICIPAL BOND
UNDERWRITING SERVICES FOR THE POSITIONS OF CO -MANAGERS IN RANK ORDER ARE:
(1) RBC (CO -MANAGER), (2) RAYMOND JAMES (CO -MANAGER), AND (3) GOLDMAN SACHS
(CO -MANAGER); SHOULD CONTRACT NEGOTIATIONS FAIL OR THE FINANCIAL
INSTITUTION IS NO LONGER PROVIDING SAID SERVICES WITH ANY OF THE THREE (3)
TOP-RANKED FIRMS FOR THE CO -MANAGER POSITIONS, THE CITY SHOULD NEGOTIATE
WITH THE FOURTH THROUGH EIGHTH RANKED FIRMS: MORGAN KEEGAN, WACHOVIA
BANK NATIONAL ASSOCIATION, A WHOLLY OWNED SUBSIDIARY OF WELLS FARGO,
MORGAN STANLEY, RAMIREZ & CO., AND SIEBERT, BRANDFORD, SHANK,
RESPECTIVELY; FURTHER AUTHORIZING THE CITY MANAGER TO EXECUTE A
PROFESSIONAL SERVICES AGREEMENT(S), IN SUBSTANTIALLY THE ATTACHED FORM(S),
ON AN AS -NEEDED BASIS, FOR A BASE TERM OF TWO (2) YEARS WITH OPTIONS TO
RENEW FOR THREE (3) ADDITIONAL ONE (1) YEAR PERIODS; PROVIDING FOR THE CITY
MANAGER TO ADMINISTRATIVELY ACCEPT AN ASSIGNMENT OF ANY EXECUTED
AGREEMENT(S) WITHOUT FURTHER CITY COMMISSION ACTION, UNLESS THE ASSIGNEE
OF SAID CONTRACT IS NOT A FINANCIAL INSTITUTION RANKED IN THIS RFQ PROCESS;
ALLOCATING FUNDS, FOR SAID PURPOSE, THROUGH THE PROCEEDS OF BONDS ISSUED.
Sponsors:
Notes:
Indexes:
Attachments: 09-00073 Legislation.pdf,09-00073 Exhibit.pdf,09-00073 Summary Form.pdf,09-00073
Memo.pdf,09-00073 Tabulation Resolts Summary Form.pdf,09-00073 Evaluation Criteria.pdf,09-00073
Evaluation Criteria 2.pdf,09-00073 Evaluation Criteria 3.pdf,09-00073 Request Qualifications.pdf,
City of Miami Page I Printed on 6/2/2017
T,y op.y
City of Miami
City Hall
3500 Pan American Drive
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Miami, FL 33133
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Master Report
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Enactment Number: R-09-0161
File Number:
09-00073
File Type: Resolution
Status:
Passed
Version:
2
Reference:
Controlling Body:
Office of the City
Clerk
File Name:
Selection of Underwriter
Introduced:
1/20/2009
Requester:
Department of Finance
Cost:
Final Action:
3/26/2009
Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), ACCEPTING
THE RECOMMENDATION OF THE CITY MANAGER APPROVING THE FINDINGS OF THE
EVALUATION COMMITTEE, PURSUANT TO REQUEST FOR QUALIFICATIONS ("RFQ") NO.
126077, 1, THAT THE TWO (2) TOP-RANKED FIRMS AND MOST QUALIFIED TO PROVIDE
MUNICIPAL BOND UNDERWRITING SERVICES FOR THE POSITIONS OF SENIOR
MANAGERS, IN RANK ORDER ARE: (1) MERILL LYNCH, PIERCE, FENNER & SMITH
INCORPORATED/BANC OF AMERICA SECURITIES LLC (SENIOR MANAGER) AND (2) JP
MORGAN (CO -SENIOR MANAGER); SHOULD CONTRACT NEGOTIATIONS FAIL OR THE
FINANCIAL INSTITUTION IS NO LONGER PROVIDING SAID SERVICES WITH ANY OF THE
TWO TOP-RANKED FIRMS FOR THE SENIOR MANAGER AND CO -SENIOR MANAGER
POSITIONS, THE CITY OF MIAMI ("CITY") SHOULD NEGOTIATE WITH THE THIRD, FOURTH,
OR FIFTH RANKED FIRMS: RBC, MORGAN KEEGAN, AND GOLDMAN SACHS,
RESPECTIVELY; AUTHORIZING THE CITY MANAGER TO EXECUTE A PROFESSIONAL
SERVICES AGREEMENT(S), IN SUBSTANTIALLY THE ATTACHED FORM(S), ON AN
AS -NEEDED BASIS, FOR A BASE TERM OF TWO (2) YEARS, WITH THE OPTION TO RENEW
FOR THREE (3) ADDITIONAL ONE (1) YEAR PERIODS; FURTHER INDICATING THE THREE
TOP-RANKED FIRMS AND MOST QUALIFIED TO PROVIDE MUNICIPAL BOND
UNDERWRITING SERVICES FOR THE POSITIONS OF CO -MANAGERS IN RANK ORDER ARE:
(1) RBC (CO -MANAGER), (2) RAYMOND JAMES (CO -MANAGER), AND (3) GOLDMAN SACHS
(CO -MANAGER); SHOULD CONTRACT NEGOTIATIONS FAIL OR THE FINANCIAL
INSTITUTION IS NO LONGER PROVIDING SAID SERVICES WITH ANY OF THE THREE (3)
TOP-RANKED FIRMS FOR THE CO -MANAGER POSITIONS, THE CITY SHOULD NEGOTIATE
WITH THE FOURTH THROUGH EIGHTH RANKED FIRMS: MORGAN KEEGAN, WACHOVIA
BANK NATIONAL ASSOCIATION, A WHOLLY OWNED SUBSIDIARY OF WELLS FARGO,
MORGAN STANLEY, RAMIREZ & CO., AND SIEBERT, BRANDFORD, SHANK,
RESPECTIVELY; FURTHER AUTHORIZING THE CITY MANAGER TO EXECUTE A
PROFESSIONAL SERVICES AGREEMENT(S), IN SUBSTANTIALLY THE ATTACHED FORM(S),
ON AN AS -NEEDED BASIS, FOR A BASE TERM OF TWO (2) YEARS WITH OPTIONS TO
RENEW FOR THREE (3) ADDITIONAL ONE (1) YEAR PERIODS; PROVIDING FOR THE CITY
MANAGER TO ADMINISTRATIVELY ACCEPT AN ASSIGNMENT OF ANY EXECUTED
AGREEMENT(S) WITHOUT FURTHER CITY COMMISSION ACTION, UNLESS THE ASSIGNEE
OF SAID CONTRACT IS NOT A FINANCIAL INSTITUTION RANKED IN THIS RFQ PROCESS;
ALLOCATING FUNDS, FOR SAID PURPOSE, THROUGH THE PROCEEDS OF BONDS ISSUED.
Sponsors:
Notes:
Indexes:
Attachments: 09-00073 Legislation.pdf,09-00073 Exhibit.pdf,09-00073 Summary Form.pdf,09-00073
Memo.pdf,09-00073 Tabulation Resolts Summary Form.pdf,09-00073 Evaluation Criteria.pdf,09-00073
Evaluation Criteria 2.pdf,09-00073 Evaluation Criteria 3.pdf,09-00073 Request Qualifications.pdf,
City of Miami Page I Printed on 6/2/2017
$Y of City Hall
F4G ` City of Miami 3500 Pan American Drive
Miami, FL 33133
41 IFwln www.miamigov.com
< � R 1 O
Master Report
Enactment Number: R-09-0161
History of Legislative File
Version: Acting Body: Date: Action: Sent To: Due Date: Return Date: Result:
1 Office of the City
3/17/2009
Reviewed and
Attorney
Approved
2 City Commission
3/26/2009
ADOPTED WITH Pass
MODIFICATIONS
2 Office of the Mayor
3/30/2009
Signed by the Mayor Office of the City
Clerk
2 Office of the City Clerk
3/30/2009
Signed and Attested
by City Clerk
2 Office of the City
4/11/2009
Reviewed and
Attorney
Approved
City ofMiami Page 2 Printed on 61212017