HomeMy WebLinkAboutMemoCITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
TO :
FROM :
Pedro G. Hernandez
City Manager
Diana Gomez, Chair
Evaluation Committee
DATE
SUBJECT:
REFERENCES:
ENCLOSURES:
February 26, 2007
FILE :
Recommendation of Evaluation
Committee for RFQ 05-06-114:
Municipal Bond Underwriting Services
As Chairperson of the Evaluation Committee ("Committee") for the above services for the City of Miami, it
is my responsibility to offer the findings and recommendation of the Committee.
The City issued RFQ 05-06-114 for the provision of Municipal Bond Underwriting Services, and sixteen
(16) Proposals were received. The Evaluation Committee ("Committee"), appointed by the City Manager',
was comprised of the following individuals:
1. Diana Gomez, Finance Director (Chair)
2. Bertha Henry, Deputy County Administrator, Broward County
1 Scott Simpson, CFO Miami Parking Authority
The Committee discussed the qualifications of the sixteen (16) responsive and responsible proposals, and
evaluated each pursuant to the City's RFQ. Following discussion and deliberation, the Committee
recommends the following Proposers be qualified, in rank order:
For the Senior Manager Position
1. UBS Securities (Sr. Manager)
2. JP Morgan (Co -Sr. Manager)
3. Merrill Lynch
4. Bear Stearns/Wachovia
For the Co -Manager Position
1. SunTrust Capital Markets
2. Raymond James
3. LaSalle Financial Services
4. Morgan Keegan
Should contract negotiations fail with any of the two top ranked firms for the Senior Manager and Co -Senior
Manager Positions, UBS Securities, and JP Morgan, the Committee recommends the City negotiate with
the third and fourth ranked firms, Merrill Lynch and Bear Stearns/Wachovia, and should negotiations fail
with any of these two firms, to negotiate with the next highest ranked firm, until a negotiated contract is
satisfactory to the City. Should contract negotiations fail with any of the three top ranked firms for the Co -
Manager Positions, Sun Trust Capital Markets, Raymond James and LaSalle Financial Services, the
Committee recommends the City negotiate with the fourth ranked firm, Morgan Keegan, and should
negotiations fail with this firm, to negotiate with the next highest ranked firm, until a negotiated contract is
satisfactory to the City.
Your signature below i nts your approval of the Committee's recommendation.
teak
Pedro l!nandez
Approved by:
City Manager
Date:
'1'/°7
The two individuals (Alberto Manrara, CFO Total Bank, and Yvonne DeBcsa, Executive Vice -President of BAC Florida Bank) were appointed as
Evaluation Committee Members by the City Manager, hut were unable to attend.