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HomeMy WebLinkAboutReport of Evaluation CommitteeCITY OF MIAMI, FLORIDA INTER -OFFICE MEMORANDUM TO: Daniel J. Alfonso City Manager FROM: nie Perez, Director Procurement Department DATE: January 22, 2016 SUBJECT: Evaluation Committee for Municipal Bond Underwriting Services REFERENCES: RFQ No. 521381 ENCLOSURES: Procurement Department, issued a Request for Qualifications (RFQ) No.521381 on December 2, 2015, to create a pool of pre -qualified and experienced municipal bond underwriters to provide said services to the City, as may be required. Selected Proposers will participate in the pool for non -recurring bond issuance. It is respectfully requested that you approve the following individuals as members of the Evaluation Committee to evaluate and score the proposals. Each has the requisite knowledge and experience to evaluate the proposals pursuant to the RFQ. City of Miami Staff Jose Fernandez, Director, Finance Armando Blanco, Treasurer External Committee Members (Finance Committee Members) Richard E. Brodsky, Esq., The Brodsky Law Firm, PL Lynda V. Harris, Vice President, The Henderson Financial Group Eli M. Feinberg, President, EMF & Associates, Inc. APPROVEp3Z/92 Daniel J. Alfo so l_ 76 ager Date AP:yc c: Fernando Casamayor, Assistant City Manager/Chief Financial Officer Pablo R. Velez, Assistant City Attorney Lydia Osborne, CPPO, Assistant Director, Procurement gip-1606- RFP No. 521381 SUMMARY EVALUATION FORM FOR TECHNICAL PROPOSAL MUNICIPAL BOND UNDERWRITING SERVICES PROPOSERS EVALUATORS Firm's Overall Qualifications and Experience Ability to Underwrite Capacity Bonds Qualification and Experience of Personnel Understanding of City Local Preference, if applicable TOTAL SCORE FOR TECHNICAL RANK Proposer's approach to providing services r; - �..... - ' I, E:' ....... ," w"' "' 0 , « ..mom ',�.s, a+:' "�a„<€ 'far '.. ,,r� v� «. ,.v . 0 i ': +z` a OM Citigroup Global Markets, Inc. Blanco, Armando 18 22 17 11 14 Brodsky, Richard E. Feinberg, Eli M. 10 15 20 10 15 0 20 25 19 17 14 0 .„� „�.fFk g5I,b Fernandez, Jose 18 22 18 10 13 0 Harris, Lynda V. 18 23 19 19 14 0 F:^«r,.;i'°t,,.,r«.,.$ COMPOSITE SCORE FOR TECHNICAL PROPOSAL: 84.2 __-16 _....17 Estrada Hinojosa & Company, Inc. Blanco. Armando 16 15__. ._ 12 3.8 x ,„ Brodsky, Richard E 20 20 20 20 12 4.6 .Feinberg, Et M. 19 23 19 20 14 4.75 Fernandez, Jose 17 20 17 17 13 4.2 Harris, Lynda V. 19 20 15 19 14 4.35 COMPOSITE SCORE FOR TECHNICAL PROPOSAL: 91.14 _.. _. FTN Financial Capital Members Blanco, Armando 15 _. __.... 15_. 56 _....... ..... 1 4 0 0 :0: Brodsky, Richard E. 8 18 18 10 0 0 Feinberg, Eli M. 18 23 18 15 5 0 Fernandez, Jose 15 15 15 10 0 0 'i ° �95 Harris, Lynda V. 18 22 16 14 12 0 $21 COMPOSITE SCORE FOR TECHNICAL PROPOSAL: 66 _.. Goldman, Sachs & Co. Limited Blanco, Armando 17__.. 22. _._.. 17 11 12 0 Pg:1 r•" a �a Brodsky, Richard E. 10 25 18 20 12 0 g'5, Feinberg, Eli M. 19 24 18 10 14 0 3VEl"&• 1,^^?y 2 0.,.p,, Fernandez, Jose 17 22 17 12 12 - 0 Harris, Lynda V. 18 22 18 17 13 0 COMPOSITE SCORE FOR TECHNICAL PROPOSAL: 83.4 Janney Montgomery Scott LLC Blanco, Armando 15 17 16 16 11 0 Brodsky, Richard E 18 22 18 20 8 0 51w1r.' .Feinberg, Eli M. 17 23 18 15 13 0 VA'r^h' Fernandez, Jose 16 18 16 15 12 0 a•m Harris, Lynda V. 18 22 17 14 12 0 �„3 COMPOSITE SCORE FOR TECHNICAL PROPOSAL: 81.4 Jefferies, LLC Blanco, Armando 17 21 16 16 11 0 ''i' 18 y 1' Brodsky, Richard E. 20 25 20 20 12 0 Feinberg, Eli M. 19 24 19 18 14 0 Femandez, Jose 18 21 18 16 12 0 Harris, Lynda V. 19 22 17 19 13 0 a COMPOSITE SCORE FOR TECHNICAL PROPOSAL 89.4 J.P. Morgan Securities LLG Blanco, Armando 18 22 16 17 13 0 Brodsky, Richard E. 10 25 18 18 12 0 Feinberg, Eli M. 20 25 19 18 14 0 Fernandez, Jose 19 23 19 17 13 0 k K Harris, Lynda V. 19 24 18 19 14 0 COMPOSITE SCORE FOR TECHNICAL PROPOSAL: 90 Merrill Lynch, Pierce, Fenner, & Smith Incorporated Blanco, Armando 18 22 17 16 14 4.35 5' �rex Brodsky, Richard E 10 25. 20 20 10 4.25 t,. Feinberg,Eli M. 20 2519 19 14 4.85 Fernandez, Jose 20 24 19 17 13 4.65 „a 4 rgy' rgyG Harris, Lynda V. 18 23 19 19 14 4.65 ,7 COMPOSITE SCORE FOR TECHNICAL PROPOSAL: 95.55 PNC Capital Markets LLC Blanco, Armando 17 21 17 15 11 0 Brodsky, Richard E. 18 25 19 �. 18. 8 0ki�1'$ag Feinberg, Eli M. 18 23 18 19 13 0 Fernandez, Jose 18 21 17 18 13 0 ';;;� ni Harris, Lynda V. 18 22 18 19 14 0 r.� ; 1, COMPOSITE SCORE FOR TECHNICAL PROPOSAL: 87.6 Raymond James & Associates, Inc. Blanco, Armando 19 22 18 17 12 0 Brodsky, Richard E. 20 20 18 18 10 0 Feinberg, Eh M. 19 24 18 18 13 0 as ry�`9 Fernandez, Jose 18 23 18 17 13 0 Hams, Lynda V. 18 22 18 18 14 0 COMPOSITE SCORE FOR TECHNICAL. PROPOSAL: 89 Siebert, Brandford, Shank & Co., LLC Blanco, Armando 16 19 16 15 11 0 Brodsky, Richard E. 18 15 18 19 15 0 Feinberg, Eli M. 19 24 18 18 14 0 - Fernandez, Jose 17 20 17 15 12 0 va' Harris, Lynda V. 18 22 18 16 12 0 COMPOSITE SCORE FOR TECHNICAL PROPOSAL: 84.4 Stern Brothers & Co. Blanco, Armando 17 19 17 15 11 0 Brodsky, Richard E. 19 15 18 18 7 0 Feinberg, Eli M. 17 23 18 15 13 0 Fernandez, Jose 16 17 17 16 12 0 '� Harris, Lynda V. 16 20 16 17 12 0 ,;$,'1' _ .. COMPOSITE SCORE FOR TECHNICAL PROPOSAL 80.2 Stifel, Nicolaus, & Company, Incorporated Blanco, Armando 16 19 17 15 11 0 &Irtt. Brodsky, Richard E. 19 20 18 15 13 0 Feinberg, Eli M. 19 24 19 18 14 0 k'(kS Fernandez, Jose 17 21 17 15 12 0 Hams, Lynda V. 18 22 18 16 13 0 COMPOSITE SCORE FOR TECHNICAL PROPOSAL: 852 Drexel Hamilton, LLC Blanco, Armando 12 13 12 12 11 0 +- F6Qn ( Brodsky, Richard E. 16 20 15 18 12 0x' I„r 81'� Feinberg, Eli M. 15 15 17 15 13 0 .4 Fernandez, Jose 13 14 13 14 12 0 c.1166z ,a'4 Harris, Lynda V. 15 21 18 17 13 0 COMPOSITE SCORE FOR TECHNICAL PROPOSAL: 73.2 Wells Fargo Bank, N.A. Blanco, Armando 18 22 18 17 12 4.35 q3 a, ` Brodsky, Richard E 12 20 20 19 13 4.2 Feinberg, Eli M. 20 24 19 20 14 4.854�A 65 3 �. Fernandez, Jose 18 23 18 18 12 4.45 ftl1 uaz° Harris, Lynda V. 18 22 18 18 13 4.45 COMPOSITE SCORE FOR TECHNICAL PROPOSAL: 93.66 RFQ NO. 521381 MUNICIPAL BOND UNDERWRITING SERVICES Evaluation Committee Meeting Technical Proposal Evaluation Form Evaluator: EL I > Signature: Date: Z6 PROPOSERS Firm's Overall Qualifications and Experience Ability to Underwrite Capacity Bonds Qualification and Experience of Personnel Proposer's Understanding approach to of City providing services Local TOTAL Preference, SCORE FOR if applicable TECHNICAL RANK p1 Citigroup Global Markets, Inc. 0 Estrada Hinojosa & Company, Inc. ig g_3 tg fa Y 5 FTN Financial Capital Members Goldman Sachs & Co. Janney Montgomery Scott, LLC Jefferies, LLC J.P. Morgan Securities, LLC Merrill Lynch, Pierce, Fenner, Inc. Bank of America, N.A. PNC Capital Markets, LLC & Smith I� fc tg �.o To t as 23 2� 1 23 Raymond James & Associates, Inc. it( ` V 1 q 4 _1 I fe Co l f 13 /1 l L lc) lc( f3 0 0 0 0 0 �0 0 0 Siebert Brandford Shank & Co., LLC Stern Brothers & Co. Stifel, Nicolaus & Company, inc. Thomas Mead/Drexel Hamilton 11 Wells Fargo Bank, N.A. I 2 2-3 /o Iq 1i /S 20 2 ( c( 3 0 0 0 0 5 l ( 1 L iq .- 1 q3 86 gef Evaluator: Signature: RFQ NO. 521381 - MUNICIPAL BOND UNDERWRITING SERVICES Evaluation Committee Meeting Technica_ Proposal Evaluation Form a Date: L/ZG//S PROPOSERS Firm's Overall Qualifications and Experience Ability to Underwrite Capacity Bonds Qualification and Experience of Personnel Understanding of City Proposer's approach to providing services Local TOTAL Preference, SCORE FOR if applicable TECHNICAL RANK Citigroup Global Markets, Inc. Estrada Hinojosa & Company, Inc. FTN Financial Capital Members Goldman Sachs & Co. Janney Montgomery Scott, LLC Jefferies, LLC J.P. Morgan Securities, LLC Merrill Lynch, Pierce, Fenner, & Smith Inc. Bank of America, N.A. PNC Capital Markets, LLC 1/ IS 17 [5 1-7 1e 1-7 1S 1s 2Z ir7 QI 16 It 16 1f7 1u 11 is 0 0 5 0 0 0 0 (b t7 J 2Z 22 l6 /7 1� 13 lY i1 0 0 Raymond James & Associates, Inc. Siebert Brandford Shank & Co., LLC 16 2Z 19 1g 1-7 /2 ( ! 0 0 Stern Brothers & Co. 1� 17 / 5. 11 0 Stifel, Nicolaus & Company, Inc. Iq 1 '7 15 /I 0 Thomas Mead/Drexel Hamilton 13 1a 0 Wells Fargo Bank, N.A. 1'7 /2 5 RFQ NO. 521381 MUNICIPAL BOND UNDERWRITING SERVICES Evaluation Committee Meeting �` Technical Proposal Evaluation Form Evaluator: L,�/ toi Vs��r�y,,// Ft62.LIS Signature: .Feed ,ti 5"J1/f�1�t Dater - 2 -16 PROPOSERS Firm's Overall Qualifications and Experience Ability to Underwrite Capacity Bonds Qualification and Experience of Personnel Understanding of City Proposers Local TOTAL approach to Preference, SCORE FOR providing if applicable TECHNICAL services RANK Citigroup Global Markets, Inc. Estrada Hinojosa & Company, Inc. FTN Financial Capital Members i s t9 I L 2 2© 22 15 1Lp 12 0 5 0 Goldman Sachs & Co. 1 6 22 17 t3 0 93 q2 62 Janney Montgomery Scott, LLC 15 22 [7 12 0 21, Jefferies, LLC 19 22 17 Ls 0 to J.P. Morgan Securities, LLC 18 l9 0 Merrill Lynch, Pierce, Fenner, & Smith Inc. Bank of America, N.A. PNC Capital Markets, LLC 1CJ I 23 22 16 ly S0 0 q {3 qE qk Raymond James & Associates, Inc. 1�3 22 0 90 Siebert Brandford Shank & Co., LLC 16 22 !40 12 0 Stern Brothers & Co. Stifel, Nicolaus & Company, Inc. is 20 22 110 is 17 ttp tZ 0 0 87 .47 Thomas Mead/Drexel Hamilton 16 21 Is 17 l3 0 5 Wells Fargo Bank, N.A. le 22 13 5 9Lt Evaluator: Signature: RFQ NO. 521381 MUNICIPAL BOND UNDERWRITING SERVICES "lieSefama.M.,, " " .L.;;Z;LZLZAIM.Z;awtstt Evaluation Committee Meeting Technical PropAal Evaluation Form Pt4-1 Date. ATEEFEELT.- PROPOSERS Firm'sfer aIVAbility to Quail 'cations Underwrite and Capacity Experience Bonds Qualification and Experience of Personnel Proposer's Understanding approach to of City providing services Local Preference, if applicable TOTAL SCORE FOR TECHNICAL RANK .411111111121111001111181 Citigroup Global Markets, Inc. 11110111 Sq,k 201 111 DD.A1111111111111MIEND Estrada Hinojosa & Company, Inc. FTN Financial Capital Members fl n 0 5 0 Goldman Sachs & Co. \--)" 0 Janney Montgomery Scott, LLC Jefferies, LLC J.P. Morgan Securities, LLC IQ 9-t \(,=. Merrill Lynch, Pierce, Fenner, & Smith Inc. Bank of America, N.A. PNC Capital Markets, LLC 26 \cc -24 Raymond James & Associates, Inc. ^ r Siebert Brandford Shank & Co., LLC Stern Brothers & Co. Stifel, Nicolaus & Company, Inc. Thomas Mead/Drexel Hamilton Wells Fargo Bank, N.A. fl PD ,}3 Dk h )-4 1\t IS D- n 1-1 Pp 0 0 0 0 0 0 0 0 0 5 , „ , RFQ NO. 521381 MUNICIPAL BOND UNDERWRITING SERVICES FAMOIONsu.. a m „L. ,. ..w. .. TISMIZEMSba, Evaluation Committee Meeting { �� ® hnjcal Proposal Evaluation Form Evaluator ° 5.[� r. Signature: i�U Date: PROPOSERS Firm's Overall Qualifications and Experience Ability to Underwrite Capacity Bonds Qualification and Experience of Personnel Understanding of City Proposer's approach to providing services Local Preference, if applicable TOTAL SCORE FOR RANK TECHNICAL Citigroup Global Markets, Inc. (0 /0 0 70 Estrada Hinojosa & Company, Inc. 1/ zp 17 5 FTN Financial Capital Members lU ! + f0 0 0 Goldman Sachs & Co. /0 1 (V 0 1 Janney Montgomery Scott, LLC 1, L 2/ g 0 Jefferies, LLC 0 q7 J.P. Morgan Securities, LLC /0 zr rr lv 0 Merrill Lynch, Pierce, Fenner, & Smith Inc. Bank of America, N.A. 10 2,40 PNC Capital Markets, LLC ld t' 0 Raymond James & Associates, Inc. Siebert Brandford Shank & Co., LLC E� it i) 1 s- 1 0 0 Stern Brothers & Co. G! 1.- rr 7 0 —77 Stile!, Nicolaus & Company, Inc. 1�r 2/0 1� /3 0 Thomas Mead/Drexel Hamilton 1 r f v 0 Wells Fargo Bank, N.A. 7,0 IT 5 X, jl� 3 Le- k ( L l 17°6 !J 1 kr°v 73° 7i cpj