HomeMy WebLinkAboutMaster ReportFile Number: 09-00998
Version: 1
City of Miami
Master Report
Enactment Number: R-09-0434
File Type: Resolution
Reference:
F i l e N a m e: Terminate Contract -JP Morgan
Requester: Department of Finance Cost:
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Status: Passed
Controlling Body: Office of the City
Clerk
Introduced: 9/2/2009
Final Action: 9/24/2009
Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), PURSUANT TO
RESOLUTION NO. 09-0161, ADOPTED MARCH 26, 2009, AND REQUEST FOR
QUALIFICATIONS NO. 126077,1 ("RFQ"), FOR THE PROVISION OF MUNICIPAL BOND
UNDERWRITING SERVICES, AUTHORIZING THE CITY MANAGER (1) TO EXERCISE THE
TERMINATION FOR CONVENIENCE CLAUSE UNDER SECTIONS 1.83, B AND 2.14, B, OF THE
RFQ DOCUMENTS AND SECTION 14, A, OF THE PROFESSIONAL SERVICES AGREEMENT
("PSA") WITH JP MORGAN SECURITIES ("JP MORGAN"), (2) TO RESCIND THE SENIOR
MANAGER/CO-SENIOR MANAGER AWARD FROM JP MORGAN, (3) TO AWARD SUCH
DESIGNATION TO RBC CAPITAL MARKETS CORPORATION ("RBC"), THE NEXT
HIGHEST -RANKED FIRM UNDER THE CATEGORY OF SENIOR MANAGER/CO-SENIOR
MANAGER, (4) AS A RESULT, TO REMOVE RBC AS ONE OF THE CO -MANAGERS, AND (5)
TO AWARD TO MORGAN KEEGAN AND COMPANY, INC. ("MORGAN KEEGAN"), THE NEXT
HIGHEST -RANKED FIRM UNDER THE CATEGORY OF CO -MANAGER, SUCH DESIGNATION;
FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND TO EXECUTE A PSA, IN
SUBSTANTIALLY THE ATTACHED FORM(S), FOR SUCH CHANGED DESIGNATIONS TO RBC
AND TO MORGAN KEEGAN ON AN AS -NEEDED BASIS, FOR THE REMAINING TERM OF
THE MUNICIPAL BOND UNDERWRITING SERVICES CONTRACT EFFECTIVE THROUGH
MARCH 30, 2011, WITH OPTIONS TO RENEW FOR THREE (3) ADDITIONAL ONE (1) YEAR
PERIODS; ALLOCATING FUNDS FOR SAID FIRMS THROUGH THE PROCEEDS OF BONDS AS
AND WHEN ISSUED.
Sponsors:
Notes:
Indexes:
Attachments: 09-00998 Legislation.pdf,09-00998 Exhibit.pdf,09-00998 Summary Form.pdf,09-00998
Resolution.pdf,09-00998 Pre -Summary Form.pdf,09-00998 Memo.pdf,09-00998 Firms Seeking
Qualification.pdf,09-00998 Pre-Legislation.pdf,09-00998 Professional Agreement.pdf,09-00998
Attachment A.pdf,09-00998 Attachment B.pdf,09-00998 Secretary's Certificate.pdf,09-00998
Certificate -Liability Ins..pdf,09-00998 Certificate of Insurance.pdf,09-00998 Addendum No.
1.pdf,09-00998 Request for Qualifications.pdf,
History of Legislative File
Version: Acting Body: Date: Action: Sent To: Due Date: Return Date: Result:
Office of the City 9/17/2009 Reviewed and
Attorney Approved
Office of the Mayor 9/24/2009 Signed by the Mayor Office of the City
Clerk
City of Miami Page I Printed on 6/29/2017
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Enactment Number: R-09-0434
Office of the City Clerk 9/24/2009 Signed and Attested
by City Clerk
City Commission 9/24/2009 ADOPTED
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Pass
City ofMiami Page 2 Printed on 612 912 01 7