Title
A Resolution Of The City Commission Of The City Of Hollywood, Florida, Authorizing The Appropriate City Officials To Negotiate And Execute An Agreement Between The Highest Ranked Firm And The City Of Hollywood To Provide Financial Advisory Services For Future Debt Issuances For An Initial Period Of Three Years, With One Optional Two Year Renewal Period.
Body
Staff Recommends: Approval of the Attached Resolution.
Explanation:
The Department of Financial Services desires to contract with a qualified firm to serve as the City's financial advisor on debt transactions to be issued by the City.
Only firms which are registered with the Municipal Securities Rulemaking Board as a municipal advisor were eligible to submit proposals under this RFP.
Request for Proposal Number RFP-4413--14-RD was issued for a time period of three (3) years with one (1) optional two (2) year renewal period with compensation based upon the proposers fee schedule submitted.
On March 25, 2014, Notices of RFP-4413-14-RD were mailed and the RFP was advertised online via the City's website and DemandStar in accordance with the City's Purchasing Ordinance, Section 38.42(A)(1) .
RFP-4413-14-RD was opened on April 22, 2014 which resulted in responses from three (3) firms as follows:
Dunlap & Associates
Orlando, Florida
First Southwest Company
Miami, Florida
Public Financial Management, Inc.
Fort Myers, Florida
The evaluation of the submittals was based upon the criteria established in the RFP: Firm Qualifications and Key Personnel, Work Experience, Technical Ability of Firm, Independence of Firm and Fee Schedule.
On May 14, 2014, each of the firms' proposals was evaluated by a three member Evaluation Committee consisting of the Director of Financial Services, Assistant Director of Budget & Financial Services and Director of Parking and Intergovernmental Affairs.
On May 14, 2014, the Evaluation Committee scored the fi...
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