HomeMy WebLinkAboutSummary FormDate: 2/4/2011
AGENDA ITEM SUMMARY FORM
FILE ID: .10 — DJ 3 5- 3
Requesting Department: Finance
Commission Meeting Date: 2/24/2011 District Impacted: All
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: Financial Advisory Services. RFP No. 245238
Purpose of Item:
It is respectfully recommended that the City Commission accept the recommendation of the City Manager
approving the findings of the Evaluation Committee, pursuant to Request for Proposals ("RFP") 245238, for
Financial Advisory Services, and to authorize the City Manager to negotiate and execute Professional Services
Agreements (PSAs) with the PFM Group and FirstSouthwest, respectively, in accordance with the attached
term sheets and in a form acceptable to the City Attorney, for the Department of Finance, for a period of one
(I) year with options to renew for four (4) additional one year periods, in a total amount not to exceed $500,000
for each PSA, inclusive of the original term and all renewal options. Allocating funds from the various sources
of funds of the user department, subject to availability of funds and budgetary approval.
Law Department
Matter ID No.
Background Information:
On October 14, 2010, RFP No. 245238 was issued with responses due to the Office of the City Clerk
by November 1, 2010. Four (4) proposals were received. The Evaluation Committee, appointed by
the City Manager, recommended that the City negotiate two contracts, in accordance with the attached
term sheets and in a form acceptable to the City Attorney, with the PFM Group and FirstSouthwest.
The City Manager concurred with the recommendation of the Evaluation Committee on January 25,
2011..
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:
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:
Final Approvals
(SIGN AND DATE)
CIP Budget
Grants&.orrcceivinR.capital rundt Risk Management,
PurchasinnV ',i 1 ' Imo' . a Dept. Director
Chief .iriyrl I City Manager,
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