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1600699
FILE ID•
Date: 04/13/2016 Requesting Department: Finance
Commission Meeting Date: 06/23/2016 District Impacted: All Law Department
Type: F� Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item Matter ID No.
❑ Other
Subject: MDC Contract No. RFQ-00008 for Financial Advisory Services, General Segment
Purpose of Item:
The nature of this item is to establish a resolution authorizing the piggyback of the Miami -Dade
County, Florida, Contract No. RFQ-00008 for Financial Advisory Services, General Segment, from
Public Financial Management, Inc., on a citywide, as needed contractual basis, effective through
October 31, 2017, subject to any renewals, extensions and/or replacement contracts by Miami -Dade
County, Florida. Allocating funds from various sources of funds from the user departments and
agencies, subject to the availability of fiends and budgetary approval at the time of need.
Background Information:
This resolution will authorize the piggyback and use of the Miami -Dade County, Florida, Contract
No. RFQ-00008 for Financial Advisory Services, General Segment, on a citywide, as needed
contractual basis, subject to any renewals, extensions and/or replacement contracts by Miami -Dade
County, Florida. The contract is a three (3) year contract effective October 21, 2014 through October
31, 2017. The Procurement Director has authorized the use of this contract for up to $25,000.00 until
June 23, 2016. The estimated contract amount for the remaining 18 months is $50,000,00, the total
authorized amount will be $75,000.00. -
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 department
Special Revenue Account No: N/A
CITP 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: Approximately $50,000.00 for the remaining 18 months
Final Approvals
(SIGN AND DAT
CITP N/A Budg
Grants If using or receiving capital funds N/A Risk Management
Proc tremwit Dept. Director_
Chief City Manager
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