HomeMy WebLinkAboutSummary FormDate: 05/21/2014
AGENDA ITEM SUMMARY FORM
FILE ID: 14-00450
Law Department
Matter ID No.
Requesting Department: Risk Management
Commission Meeting Date: 07/10/2014 District Impacted: ALL
Type: ® Resolution n Ordinance ❑ Emergency Ordinance in Discussion Item
n Other
Subject: Employee Voluntary Loan Program, RFP No. 391314
Purpose of Item:
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 ("RFP") No.
391314 for the Employee Voluntary Loan Program Citywide; further authorizing the City Manager to negotiate
and execute a Professional Services Agreement ("PSA"), in substantially the attached form, with BMG Money,
Inc., for a period of two (2) years, with the option to renew for one (1) additional one-year period.
Background Information:
The City of Miami desires implementation of an employee voluntary loan program. On November 18, 2013,
Request for Proposals No. 391314 was issued to secure these services. As required by the City's Procurement
Code, the RFP was advertised and issued online. On December 17, 2013, a total of one (1) proposal was
received, from BMG Money, Inc.
The Committee appointed by the City Manager met on April 8, 2014 for review and evaluation of the proposals
and, based on the RFP's requirements, recommended that the City Manager negotiate and execute a PSA with
BMG Money, Inc. Should negotiations fail with BMG Money, Inc., the Committee further recommended that
the City Manager be authorized to reject all proposals and issue a new RFP solicitation.
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: N/A
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: N/A
CIP
If using or receiving capital fi
Grants
Purchasing
Chief
Final Approvals
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Risk Management
Dept. Director
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