Title
A Resolution Of The City Commission Of The City Of Hollywood, Florida, Approving The Final Ranking For Financial Advisory Services; And Authorizing The Appropriate City Officials To Negotiate A Contract With The Highest Ranked Firm, PFM Financial Advisors LLC.
Strategic Plan Focus
Financial Management & Administration
Body
Staff Recommends: Approval of the attached Resolution.
Explanation:
The Department of Financial Services desires to obtain Financial Advisory Services for a broad range of issues that cover the full spectrum of services customarily provided to governmental entities by financial advisors. These services are generally divided into three categories: (1) services related to financial planning, (2) services related to debt structuring and issuance, and (3) services related to cost-benefit/risk analysis and related analytical due diligence relative to proposals for major public/private development projects.
On an as needed basis, the Financial Advisor will perform financial/analytical services for a variety of assignments as requested by the Financial Services Department in accordance with the Scope of Services section of the solicitation. The selected firm will be considered a partner in the City’s Financial Management Team and will therefore be relied upon to provide timely services.
Fiscal Impact:
Funding for the Agreement is available in the FY 2025 Operating Budget in account 001.120101.51300.531300.000.000.
Recommended for inclusion on the agenda by:
Stephanie Tinsley, Director, Financial Services Department
Adam Reichbach, Assistant City Manager