HomeMy WebLinkAboutSummary FormDate: 8/24/2005
AGENDA ITEM SUMMARY FORM
FILE ID: 6 5 .. I '5 (a
Requesting Department: Finance
Commission Meeting Date: 10/13/2005 District Impacted: NA
Type: ® Resolution ❑ Ordinance ['Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: Financial Advisory Services
Purpose of Item:
It is recommended that the City Commission authorize the City Manager to negotiate and execute the
attached Agreement(s), respectively, with First Southwest Company, the top ranked firm, to provide
Financial Advisory Services, and with RBC Dain Rauscher, Inc., the firm ranked second, to provide
other financial advisory services on an as needed basis, for one (1) year, with the option to extend for
four (4) additional one (1) year periods.
1
Background Information:
The City issued RFP 04-05-021 for Financial Advisory Services, and six (6) Proposals were received.
An Evaluation Committee created by the City Manager reviewed and evaluated the Proposals and
ranked First Southwest Company as the top ranked firm, and RBC Dain Rauscher, Inc. as the second
ranked firm. The Committee recommended the City negotiate and execute an Agreement(s) with First
Southwest Company for Financial Advisory Services, and with RBC Dain Rauscher to provide other
financial advisory services on an as needed basis. Services will include financial advisory services for
general and special obligation debt transactions and services related to the issuance of bonds, notes,
certificates or other financing instruments, as well as on -going advisory services for the City.
Budget Impact Analysis
NO Is this item related to revenue?
YES Is this item an expenditure? If so, please identify funding source below.
General Account No: 001000.260201.6.280
Special Revenue Account No:
CIP Project No:
NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact:
CIP
If using or receiving capital funds
Grants Risk Malifage
Purchasing ' Dept. Director
Chi City Manager
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