Title
A Resolution Of The City Commission Of The City Of Hollywood, Florida, Authorizing The Appropriate City Officials To Engage Any Combination Of The Three (3) Highest Ranked Bond Underwriting Firms, To Serve As Members Of The City Of Hollywood's Bond Underwriting Teams For An Initial Period Of Two Years, With Two Optional One Year Renewal Periods.
Body
Staff Recommends: Approval of the Attached Resolution.
Explanation:
The Department of Financial Services desires to engage qualified bond underwriting firms to serve the City of Hollywood as members of the City's bond underwriting teams for the issuance of bonds for a two (2) year term, with two optional one year renewal periods.
The RFP document stated that it is the City's intention to establish an underwriting team of three (3) firms which will rotate the roles of Senior Manager and Co-Manager for each City bond issue and also other related issues.
There will be no contract upon award as a Bond Purchase Agreement in a form acceptable to the City Attorney will be executed for each bond transaction at the time of sale.
On April 1, 2014, Notices of Availability of Request for Proposals (RFP) Number 4414-14-RD were mailed to firms and legally advertised on the City's website and Demandstar.com in accordance with the City's Purchasing Ordinance, Section 38.42(A)(1).
RFP-4414-14-RD was opened at 3:00 p.m., Thursday, May 8, 2014, and resulted in responses from seventeen (17) firms:
Drexel Hamilton
New York, NY
Fifth Third Securities
Tampa, FL
Samuel Ramirez & Company
New York, NY
Loop Capital Markets
West Palm Beach, FL
Jefferies, LLC
Orlando, FL
RBC Capital Markets, LLC
St. Petersburg, FL
JP Morgan Securities, LLC
Miami, FL
Wells Fargo Bank, NA
Clearwater, FL
Merrill Lynch, Pierce, Fenner & Smith, Inc.
Coral Gable, FL
Morgan Stanley & Company, LLC
Sunrise, FL
Estrada Hinojosa & Company
Miami, FL
...
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