HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM
FILE ID:
14-01121
Date: 10/20/2014 Requesting Department: Finance Department
Commission Meeting Date: 12/11/2014 District Impacted: ALL
Type: ® Resolution n Ordinance n Emergency Ordinance n Discussion Item
❑ Other
Subject: RFQ 414312 Bond Underwriting Services
Purpose of Item:
Law Department
Matter ID No.
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 Qualifications ("RFQ")
no. 414312, that the responses of various pre -qualified pool of vendors as listed on "attachment 1, for both
Capital Before Haircut "A" and Capital Before Haircut "B", "for the provision of bond underwriting services
for the Finance Department is accepted, further authorizing the City Manager to execute a Professional
Services Agreement(s) ("PSA"), in substantially the attached form (s), on an as -needed project basis, for an
initial period of three (3) years with an option to renew for two (2) additional one (1) year periods; providing
the City Manager to administratively accept an assignment of any executed agreement (s) without further
Commission action, unless the assignee of said contract is not a financial institution evaluated in this RFQ
process; allocating funds, for said purpose, through the proceeds of bonds issued.
Background Information:
Municipal Bond Underwriting Services are needed in connection with the advancement of the City of Miami's
("City's") Capital Improvement Program, with the purpose, of developing structure and overall marketing
strategy on bond transactions. As required by the Procurement Code, Request for Qualification ("RFQ") No.
414312 was advertised and ten (10) Proposals were received for category Haircut Before A and one (1)
Proposal for Category Before Haircut B. Proposals were discussed and evaluated pursuant to the City's RFQ by
an Evaluation Committee appointed by the City Manager. The Evaluation Committee members made its
recommendation to the City Manager and the City Manager has accepted said recommendation.
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: As required by the department.
Special Revenue Account No: N/A
CIP Project No: N/A
NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost: N/A
Maintenance Cost: N/A
Total Fiscal Impact: Allocating funds, for said purpose, through the proceeds of bonds issued.
CIP N/A
Final Approvals
(SIGN AND DATE)
Budg
'fusing or receiving capital funds
Grants N/A
Risk Management N/A
Purchasing Dept. Director
Chief ,� ' 0,7
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