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Legislation
Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.ci.miami.fl.us
File Number: 05-01056 Final Action Date:
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 PROPOSALS NO. 04-05-021, ISSUED JUNE 1, 2005, THAT THE
TOP -RANKED FIRMS TO PROVIDE FINANCIAL ADVISORY SERVICES ARE IN
RANK ORDER: (1) FIRST SOUTHWEST COMPANY; AND (2) RBC DAIN
RAUSCHER, INC.; AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND
EXECUTE PROFESSIONAL SERVICES AGREEMENT(S) ("AGREEMENT"), IN
SUBSTANTIALLY THE ATTACHED FORM(S), WITH FIRST SOUTHWEST
COMPANY, THE TOP -RANKED FIRM, TO PROVIDE FINANCIAL ADVISORY
SERVICES, AND WITH RBC DAIN RAUSCHER, THE SECOND -RANKED FIRM,
TO PROVIDE OTHER FINANCIAL ADVISORY SERVICES, BOTH ON AN
AS -NEEDED BASIS, AND EACH AGREEMENT FOR A ONE-YEAR PERIOD, WITH
OPTIONS TO EXTEND FOR UP TO FOUR (4) ADDITIONAL ONE-YEAR PERIODS;
ALLOCATING FUNDS FOR SAID SERVICES FROM ACCOUNT NO.
001000.260201.6.280.
WHEREAS, pursuant to Section 18-86 of the Code of the City of Miami, as amended, Request for
Proposals ("RFP") No. 04-05-021 was issued to secure financial advisory services for the City of Miami
("City"); and
WHEREAS, six (6) proposals were received and evaluated by an Evaluation Committee
("Committee") appointed by the City Manager and the Committee recommended that the City Manager
be authorized to negotiate and execute Professional Services;Agreement(s) ("Agreement"), attached
and incorporated, with the top -ranked firm, First Southwest Company, to provide financial advisory
services, and with the second -ranked firm, RBC Dain Rauscher, Inc., to provide other financial
advisory services, both on an as -needed basis, and each Agreement for a one-year period, with
options to extend for up to four (4) additional one-year periods; and
WHEREAS, funding for the as -needed financial advisory services are to be allocated from Account
Number 001000.260201.6.280;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI,
FLORI DA:
Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by
reference and incorporated as if fully set forth in this Section.
Section 2. The recommendation of the City Manager approving the findings of the Evaluation
Committee, pursuant to RFP No, 04-05-021, issued June 1, 2005, that the top -ranked firms to provide
financial advisory services are in rank order: (1) First Southwest Company; and (2) RBC Dain
Rauscher, Inc,, are accepted.
City of Miami Page 1 of 2 Printed On: 10/17/2005
File Number: 05-01056
Section 3. The City Manager is authorized{1} to negotiate and execute Agreement(s), in
substantially the attached form(s), with First Southwest Company, the top -ranked firm, and with RBC
Dain Rauscher, Inc., the second -ranked firm, both on an as -needed basis, each Agreement being for a
one-year period, with options to extend for up to four (4) additional one-year periods, with funds for
said services allocated from Account No. 001000.260201.6.280.
Section 4. This Resolution shall become effective immediately upon its adoption and signature of
the Mayor.{1}
APPROVED 61S/'O FORM AND CORRECTNESS&
JORGE L. FE
CITY ATTORNEY
Footnotes:
{1} This Resolution shall become effective as specified herein unless vetoed by the Mayor within ten
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 or upon the effective date
stated herein, whichever is later.
City of Miami Page 2 of 2 Printed On: 10/17/2005