HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM
File ID: #1493
Date: 12/09/2016
Commission Meeting Date: 01/12/2017
Requesting Department: Department of
Procurement
Sponsored By:
District Impacted:
Type: Resolution
Subject: RFQ - Municipal Bond Underwriting Pool
Purpose of Item:
The nature of this item is to seek City Commission authorization for the City Manager to
negotiate and execute all other documents, including any amendments, renewals,
extensions, and modifications, to Request for Qualifications, Contract No. 521381 for
the Municipal Bond Underwriting Services Pool, in a form acceptable to the City
Attorney, as may be necessary for said purposes.
Background of Item:
On April 28, 2016, the City Commission adopted Resolution No. 16-0207, approving the
City's award of Request for Qualifications ("RFQ") Contract No. 521381 to a pre -
qualified pool of fourteen (14) Municipal Bond Underwriting Firms for the provision of
municipal bond underwriting services for the Department of Finance on an as -needed
project basis, for an initial period of four (4) years, with the option to renew for four (4)
additional, one (1) year periods. The Procurement Department has requested that
Resolution No. 16-0207, be amended, to include the following language, which is
generally included in resolutions, but was inadvertently omitted from Resolution No. 16-
0207. The language is being included in this item, and is as follows:
"Authorize the City Manager to negotiate and execute all other documents, including
any amendments, renewals, extensions, and modifications, to the Contract in a form
acceptable to City Attorney, as may be necessary for said purposes."
Budget Impact Analysis
Item has NOT an Expenditure
Item is NOT Related to Revenue
Item is NOT funded by Bonds
Total Fiscal Impact:
Allocating funds, through the proceeds of municipal bonds issued
Reviewed B
Department of Procurement Lydia Osborne Department Head Review Completed 12/13/2016 9:48 AM
Office of Management and Budget Jacques Joseph Review Pending Completed 12/13/2016 12:17 PM
Office of Management and Budget Christopher M Rose Budget Review Completed 12/16/2016 4:03 PM
City Manager's Office Fernando Casamayor Assistant City Manager Review Completed 12/16/2016 4:29 PM
City Manager's Office Daniel J. Alfonso City Manager Review Completed 12/17/2016 2:24 PM
Legislative Division Marta Gomez Legislative Division Review Completed 12/27/2016 2:06 PM
Office of the City Attorney Barnaby L. Min Deputy City Attorney Review Completed 12/27/2016 2:10 PM
Office of the City Attorney Victoria Mendez Approved Form and Correctness Completed 12/28/2016 1:59 PM
City Commission Nicole Ewan Meeting Completed 01/12/2017 9:00 AM
Office of the Mayor Mayor's Office Signed by the Mayor Completed 01/20/2017 4:50 PM
Office of the City Clerk City Clerk's Office Signed and Attested by the City Clerk Completed 01/20/2017 5:12 PM
City of Miami
Legislation
Resolution
Enactment Number: R-17-0019
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 1493 Final Action Date:1/12/2017
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ALL
CONTRACTS AND OTHER RELATED DOCUMENTS, INCLUDING BUT NOT LIMITED
TO ANY AMENDMENTS, RENEWALS, EXTENSIONS, AND MODIFICATIONS, TO
REQUEST FOR QUALIFICATIONS CONTRACT NO. 521381 FOR THE MUNICIPAL
BOND UNDERWRITING SERVICES POOL, IN A FORM ACCEPTABLE TO THE CITY
ATTORNEY, AS MAY BE NECESSARY FOR SAID PURPOSES.
WHEREAS, on April 28, 2016, the City Commission adopted Resolution No. 16-0207
approving the City of Miami's ("City") award of Request for Qualifications ("RFQ") Contract No.
521381 to a pre -qualified pool of fourteen (14) Municipal Bond Underwriting Firms for the
provision of municipal bond underwriting services for the Department of Finance on an as -
needed project basis for an initial period of four (4) years with the option to renew for four (4)
additional one (1) year periods for a total term not exceeding eight (8) years; and
WHEREAS, it is in the best interest of the City to authorize the City Manager to negotiate
and execute all other documents, including but not limited to any amendments, renewals,
extensions, and modifications, to the contract in a form acceptable to City Attorney, as may be
necessary for said purposes;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF
MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the Preamble to this Resolution are
adopted by reference and incorporated as fully set forth in this Section.
Section 2. The City Manager is authorized' to negotiate and execute all contracts,
amendments and other related documents, including any amendments, renewals, extensions,
and modifications, to Request for Qualifications Contract No. 521381 for the Municipal Bond
Underwriting Services Pool, in a form acceptable to the City Attorney, as may be necessary for
said purposes.
Section 3. Such contracts, amendments and other related documents shall be in
compliance with all applicable laws and regulations.
Section 4. This Resolution shall become effective immediately upon its adoption and
signature of the Mayor.2
1 The herein authorization is further subject to compliance with all requirements that may be imposed by
the City Attorney including but not limited to those prescribed by applicable City Charter and City Code
provisions.
2 If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) calendar days
from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective
immediately upon override of the veto by the City Commission.
APPROVED AS TO FORM AND CORRECTNESS: