HomeMy WebLinkAbout248-05 RESOLUTION• •
RESOLUTION NO. 248-05
A RESOLUTION APPROVING AN AMENDMENT TO THE
FINANCIAL ADVISORY SERVICES AGREEMENT WITH
STEPHENS, INC., IN AN AMOUNT NOT TO EXCEED $20,000.00
TO ASSIST WITH THE FINANCING OF THE WASTEWATER
SYSTEM IMPROVEMENTS PROJECT.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FAYETTEVILLE, ARKANSAS:
Section 1. That the City Council of the City of Fayetteville, Arkansas
hereby approves an amendment to the Financial Advisory Services Agreement
with Stephens, Inc., in an amount not to exceed $20 000.00 to assist with the
financing of the Wastewater System Improvements Project (WSIP). A copy of the
amendment marked Exhibit "A" is attached hereto, and made a part hereof.
PASSED and APPROVED this 20th day of December, 2005.
ATTEST:
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:FAY ETT EVILLE•
• • S
tic PCANSr•Jt•'
DRA SMITH, City Clerk
APPROVED:
By
DAN COODY, Ma
Shen Davis
Submitted By
•
City of Fayetteville
Staff Review Form
City Council Agenda Items
or
Contracts
20 -Dec -05
City Council Meeting Date
Division
Action Required:
•
/1/W/45
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5$9/3% /15 //!C/
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ficivfs°rl
Finance & Internal services
Department
Approval of a contract amendment with Stephens Inc increasing the contract by $20,000.00 for financial advisory
services in conjunction with the WSIP.
$20,000.00
Cost of this request
Account Number
02133
Project Number
Budgeted Item
XX
$
113,011, 587.00
Category/Project Budget
85,883,457.00
Funds Used to Date
27,128,130.00
Remaining Balance
Budget Adjustment Attached
Program Category / Project Name
WSIP
Program / Project Category Name
Wastewater Improvements Const.
Fund Name
Department Director
City Attorney
K-2. %-
Date
Finance and Internal Service Director
Mayor
/7-29. as
Date
Date
Previous Ordinance or Resolution #
Original Contract Date:
Original Contract Number:
104-00
Aug -00
Comments:
• •
FAYETTEVILLE
THE CITY OF FAYETTEVILLE. ARKANSAS
DEPARTMENTAL CORRESPONDENCE
TO: Fayetteville City Council
THROUGH: Dan Coody, Mayor Q�
FROM: Stephen Davis, Finance & Internal Services Director�CAnl_
DATE: November 29, 2005
Subject: Financial Advisor Services — Wastewater System Improvements
Project
Recommendation
Staff recommends approval ofa contract amendment with Stephens Inc in the amount ofS20,000.00
for continued financial advisory services in conjunction with the wastewater system improvement
project.
Background
The City determined that fee-based financial advisory expertise was necessary to develop the most
cost effective financing plan for the WSIP. In May 2000 City staff developed an RFP requesting
proposals from qualified firms for financial advisory services in RFP 2000-12. The City advertised
as prescribed by Arkansas code and direct solicited RFP's from several financial advisory firms
nationwide. Stephens Inc submittal was accepted by the selection committee and City Council
awarded the initial contract in August 2000.
Discussion
The original contract with Stephens Inc was for a not -to -exceed amount of $22,500. This
authorization has essentially been utilized and Staff is requesting an additional $20,000.
• •
RESOLUTION NO.
A RESOLUTION APPROVING AN AMENDMENT TO THE
FINANCIAL ADVISORY SERVICES AGREEMENT WITH
STEPHENS, INC., IN AN AMOUNT NOT TO EXCEED $20,000.00
TO ASSIST WITH THE FINANCING OF THE WASTEWATER
SYSTEM IMPROVEMENTS PROJECI.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FAYETTEVILLE, ARKANSAS:
Section 1. That the City Council of the City of Fayetteville, Arkansas
hereby approves an amendment to the Financial Advisory Services Agreement
with Stephens, Inc., in an amount not to exceed $20 000.00 to assist with the
financing of the Wastewater System Improvements Project (WSIP). A copy of the
amendment marked Exhibit "A" is attached hereto, and made a part hereof.
PASSED and APPROVED this 20th day of December, 2005.
• •
Stephens Inc.
November 29, 2005
The Honorable Dan Coody
Mayor
City of Fayetteville
113 W. Mountain
Fayetteville, AR 72701
Re: Amendment to Agreement for Financial Advisory Services
Dear Mayor Coody:
This letter is to serve as an amendment to our Financial Advisory Services Agreement dated
November 11, 2005 between the City of Fayetteville, Arkansas ("the City") and Stephens Inc.
("Stephens") ("the Agreement") pursuant to which Stephens will serve as Financial Advisor to
the City to assist with the financing of the City's Wastewater Treatment Plant Expansion Project.
"Section 3. Compensation" of the Agreement shall be amended to add the following language:
Total compensation to Stephens for services under this Agreement shall be limited to
$20,000 unless otherwise approved by the City.
If the above amendment accurately amends our Agreement for these services, please sign below
and return one copy.
Sincerely,
Denn`s Hunt
Senior Vice President
Agreed and Accepted on, 10 k c20 , 2005
City of Faye - file, Arkansas
By: itt
cc: Steve Davis
Investment Bankers
3425 North Futrall Drive Suite 201 Fayetteville, Arkansas 72703 479-718-7400 Fax 479-718-7490 800-205-8613 stephens.com
•
Stephens Inc.
November 11, 2005
The Honorable Dan Coody
Mayor
City of Fayetteville
113 W. Mountain
Fayetteville, AR 72701
Re: Agreement for Financial Advisory Services
Dear Mayor Coody:
•
This letter is to serve as a renewed engagement agreement between the City of Fayetteville,
Arkansas ("the City") and Stephens Inc. ("Stephens") pursuant to which Stephens will serve as
Financial Advisor to the City to assist with the financing of the City's Wastewater Treatment
Plant Expansion Pr4lect (WWTP). Our firm was selected to act in such capacity as a result of its
response to the City's Request for Proposals dated May 23, 2000 ("RFP 2000-12"). This
Engagement Agreement supersedes our Engagement Agreement dated July 5, 2000 as amended
May 6, 2002. Based on the City's REP and information in our proposal, we have agreed as
follows:
Services to be provided. Subject to the direction of the City, Stephens will provide
advisory services as presented below:
Development of a Plan of Finance
a) Stephens will assist in developing a financing plan and recommend financing
alternatives designed to assure that the City's goals and objectives are met.
b) In the course of this preliminary work, Stephens will analyze the City's capacity
to support the proposed debt and make recommendations regarding the financing
structure, which will insure that the City has available sufficient funds for annual
debt service payments and operational flexibility.
c) Stephens' professionals will attend public meetings to present information
regarding the recommended Plan of Finance.
Investment Bankers
3425 North Futrall Drive Suite 201 Fayetteville, Arkansas 72703 479-718-7400 Fax 479-718-7490 800-205-8613 stephens.com
• •
November 11, 2005
Management of the Financing
a) As the City's Financial Advisor, Stephens will manage all aspects of the
financing.
b) Stephens will assist the City in the selection of other members of the project team
including underwriters, attomeys, trustees and other parties as required.
c) Stephens will develop a financing timetable that assigns specific responsibilities
to the project team. The timetable will be monitored throughout the financing
process and amended as required.
d) Stephens will be responsible for coordinating the work of all members of the
financing team including the City's staff and officials, state agencies, bond
counsel, underwriters, engineers, accountants, printers, rating agencies and credit
enhancement providers.
e) Should the City seek ratings and/ or credit enhancement, Stephens will coordinate
preparation and presentation of information to the rating agencies and credit
enhancement providers.
1) Stephens will work with attorneys in drafting documents that provide the City
with maximum operational flexibility and insure the integrity of the transaction.
Support of City Officials and Staff
a) Stephens' professionals will provide information for public briefings and attend
meetings as requested by the City.
b) Stephens' professionals will keep the financing on schedule in order to meet all
public commitments.
Implementation of Financing Plan
a) Stephens will advise the City on proper timing of the sale of the securities in order
to take advantage of maximum investor demand and windows of opportunity in
the marketplace.
b) Stephens will advise the City on pricing of the issue to provide for lowest possible
debt service costs.
c) Stephens will manage the closing of the financing and the delivery of funds to the
City.
d) Stephens will advise the City on interim investment of financing proceeds.
e) Stephens will be available following the closing of each financing to work with
the City should any issues arise.
3. Compensation. As compensation for our services, Stephens shall receive $225.00 per
hour for services rendered by professionals employed by Stephens, identified as Dennis
Hunt, plus out-of-pocket expenses incurred in connection with the provision of such
services by Stephens. Out-of-pocket expenses shall be limited to out of the city travel
and priority mail costs. Each out of pocket expense shall be subject to approval by the
City.
• •
November 11, 2005
Stephens will invoice the city for its services on a monthly basis or at other such
intervals acceptable to the City, and invoices will be due and payable within 30 days
of receipt by the City. Each invoice will present a description in reasonable detail of
the services performed, including dates and professionals providing such services,
and of the expenses incurred.
4. Term. This contract shall remain in effect until the completion of the WWTP
financing.
If the foregoing accurately describes our agreement for this financing, please sign and return one
copy as indicated below.
Sincerely,
/L
DennislHunt
Senior Vice President ���� II
Agreed and Accepted on Ntn/Ehhte 33 , 2005
City of Fayetteville, Arkansas
By:
cc: Steve Davis
• •
• •
RESOLUTION NO. 104-00
MICROFILMED
A RESOLUTION APPROVING A LETTER AGREEMENT IN AN
AMOUNT NOT TO EXCEED $22,500, WITH STEPHENS, INC.
TO PROVIDE FINANCIAL ADVISORY SERVICES ON THE
WASTEWATER TREATMENT PLANT EXPANSION PROJECT
AT A RATE OF $225/PER HOUR (RESTRICTIVE TO CERTAIN
IDENTIFIED INDIVIDUALS) ; AND APPROVAL OF A BUDGET
ADJUSTMENT.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE,
ARKANSAS*
Section 1. That the City Council hereby approves a letter agreement in an amount not
to exceed $22,500, with Stephens, Inc. to provide financial advisory services on the wastewater
treatment plant expansion project at a rate of $225/per hour (restrictive to certain identified
individuals); and authorizes the Mayor and City Clerk to execute said agreement. A copy of the
letter agreement is attached hereto marked Exhibit "A" and made a part hereof.
ccction 2. The City Council here approves a budget adjustment in the amount of $22,500
increasing Professional Services, Acct. No. 5400 5700 5314 00, Project No. 98047 40 by decreasing
Waterline Improvements, Acct. No. 5400 5600 5808 00, Project No 99084 1. A copy of the budget
adjustment is attached hereto marked Exhibit "B" and made a part hereof.
PASSED AND APPROVED this 1" day of August 2000.
YEre
E� APPROVED;
By:
•
Stephens Inc.
Dennis R. Hunt
Senior Vice President and Manager
July 5, 2000
Mr. John Maguire
Administrative Services Director
City of Fayetteville
113 W Mountain
Fayetteville, AR 72701
RE• Agreement for Financial Advisory Services
Dear Mr. Maguire:
•
Stephens
A. 2. Page 5
This letter is to serve as an engagement agreement between the City of Fayetteville, Arkansas
("the City") and Stephens Inc ("Stephens") pursuant to which Stephens will serve as Financial
Advisor to the City to assist with the financing of the City's Wastewater Treatment Plant
Expansion Project (WWTP). Our firm was selected to act in such capacity as a result of its
response to the City's Request for Proposals dated May 23, 2000 ("RFP 2000-12"). Based on the
City's RFP and information in our proposal, we have agreed as follows:
1. Services to be provided. Subject to the direction of the City, Stephens will provide advisory
services as presented below:
Development of a Plan of Finance
a) Stephens will assist in developing a financing plan and recommend financing alternatives
designed to assure that the City's goals and objectives are met.
b) In the course of this preliminary work, Stephens will analyze the City's capacity to
support the proposed debt and make recommendations regarding the financing structure,
which will insure that the City has available sufficient funds for annual debt service
payments and operational flexibility.
c) Stephens' professionals will attend public meetings to present information regarding the
recommended Plan of Finance.
Management of the Financing
a) As the City's Financial Advisor, Stephens will manage all aspects of the financing.
b) Stephens will assist the City in the selection of other members of the project team
including underwriters, attorneys, trustees and other parties as required
Investment Bankers
www.stephens.co»
2592 North Gregg Avenue • Suite 1 • Fayetteville, Arkansas 72073 • 501-718-7400 • Fax 501-718-7490
800-205-8613 • dhunt®stephens.com
Stephens
A. 2. Page 6
_ 2 _ July 21, 2000
c) Stephens will develop a financing timetable that assigns specific responsibilities to the
project team. The timetable will be monitored throughout the financing process and
amended as required.
d) Stephens will be responsible for coordinating the work of all members of the financing
team including the City's staff and officials, state agencies, bond counsel, underwriters,
engineers, accountants, printers, rating agencies and credit enhancement providers.
e) Should the City seek ratings and/ or credit enhancement, Stephens will coordinate
preparation and presentation of information to the rating agencies and credit enhancement
providers.
f) Stephens will work with attorneys in drafting documents that provide the City with
maximum operational flexibility and insure the integrity of the transaction.
Support of City Officials and Staff
a) Stephens' professionals will provide information for public briefings and attend meetings
as requested by the City.
b) Stephens' professionals will keep the financing on schedule in order to meet all public
commitments.
Implementation of Financing Plan
a) Stephens will advise the City on proper timing of the sale of the securities in order to take
advantage of maximum investor demand and windows of opportunity in the marketplace.
b) Stephens will advise the City on pricing of the issue to provide for lowest possible debt
service costs.
c) Stephens will manage the closing of the financing and the delivery of funds to the City.
d) Stephens will advise the City on interim investment of financing proceeds.
e) Stephens will be available following the closing of each financing to work with the City
should any issues arise.
2. Compensation. As, compensation for our services, Stephens shall receive $225.00 per hour
for services rendered by professionals employed by Stephens, identified as Dennis Hunt,
Mark McBryde and Ron Pyle, plus out-of-pocket expenses incurred in connection with the
provision of such services by Stephens. Out-of-pocket expenses shall to limited to out of the
city travel and pnority mail costs. Each out of pocket expense shall be subject to approval by
the City.
Stephens will invoice the City for its services on a monthly basis or at other such intervals
acceptable to the City, and invoices will be due and payable within 30 days of receipt by the
City. Each invoice will present a description in reasonable detail of the services perforated,
including dates and professionals providing such services, and of the expenses incurred.
•
— 3 —
• Stephens
A.2.Page7
July 2I, 2000
3. Term. This contract shall remain in effect until the earlier of the completion of the WWTP
financing or up to three years from the date of this agreement with an option for renewal by
the City for an additional two years. In the event that current plans to finance the WWTP
principally through ADEQ are not feasible, the City and Stephens may mutually cancel this
agreement which would permit Stephens to compete in the sale of bonds or other financing
by the City.
If the foregoing accurately describes our agreement for this financing, please sign and return one
copy as indicated below.
Sincerely,
ZonruS //wd
Dennis Hunt
Senior Vice President
JWVJ
Agreed and Accepted on
City of Fayetteville, Arkansas
, 2000.
By:
DH/whw
Stephens
A. 2. Page 8
Financial Advisor Services
List of Firms Proposals were Sent Out To:
Stephens Inc.
Atm: Dennis Hunt
2592 N Greg, Suite 1
Fayetteville, AR 72703
Wachovia Securities Inc.
Attn: Andy Bethell
#1 East Center, Suite 302
Fayetteville, AR 72701
abethell itlta.�.msn.com
American Governmental Financial Services Co.
rdotv(agfs.corri Robert Doty -President
Henderson Capital Partners, Inc.
hcp(hendersoncapital.com On line form filled out and sent to them.
Sage Advisory Services
%rgsmith@,sageadvisorv.cont Robert Smith, III- President
MAI- Financial Advisory Services
munadv(a)pinn.net On line form filled out and sent to them.
The Financial Legacy Group
www.networthadvisors.com/hdvisor.htm On line form filled out and sent to them.
PFA.Inc.
Faxed to Phil Bennett- President
Koch, Inc.
Brad Heyka- }teykab@kochind.corn
Bank of Oklahoma
Paul Iwanaga
BOK Tower -8N
1 Williams Center
Tulsa, OK 74103
ptwana¢a BOKF.com
Stephens
A. 2. Page 9
CITY OF FAYETTEVILLE, ARKANSAS
Request for Proposals For Financial Advisor Services
May 23, 2000
Request for Proposal Number RFP2000 - 12
SECTION I. BACKGROUND AND SUMMARY OF WORK:
Notice is hereby given that the City of Fayetteville is seeking requests for proposals from
persons/firms desiring to be considered to perform financial advisory services necessary to evaluate
funding options for the Wastewater Treatment Plant Expansion (WWTP) project. The WWTP
project is estimated to cost at least S60 million.
The City may retain a single individual or firm as financial advisor who will be responsible for
delivering the above services, whether performed by that individual or firm or by others working in
the employ of that firm.
SECTION II. GENERAL REQUIREMENTS FOR PROPOSING
1. Notice to Those Submitting: Information provided in these specifications is to be used only
for purposes stated. It is further expected that each proposer will read these specifications
with care.
The City of Fayetteville (hereinafter referred to as the "City") believes that the data contained
in these specifications are sufficient for preparation of proposals. The information is believed
to be accurate and is based on the latest available information but is not to be considered in
any way as a warranty. Therefore, the proposer, in submitting a proposal, assumes the risk
of any inaccuracies in the information provided herein which might result from failure to
provide any other information which might have been available.
Each proposer shall provide the name and telephone number of the appropriate contact
person for the firm
2. Submission of Proposals and Ouestions: If your firm is interested in submitting a proposal
to provide Financial Advisor Services, please return your written proposal to the address
below by the date and time set forth.
City of Fayetteville
Purchasing Division
Peggy Vice, Purchasing Manager
113 West Mountain Street
Fayetteville, AR 72701
Ten (10) copies of each proposal must be received by the Purchasing Division at Room 306,
113 West Mountain Street, Fayetteville, Arkansas, by 4:00 p m. on June 19, 2000.
All proposals will become the property of the City. All proposals shall remain firm and
subject to acceptance for 90 days after receiving.
1
Stephens
A. 2. Page 10
•
The proposal submission should be clearly labeled RFP 2000-_ on the outside of the
envelope.
3. Proposals Not Considered: All proposals received after the time specified shall not be
considered Where proposals are mailed, the proposer assumes all risk for nondelivery by the
U.S. Post Office to the designated office by the deadline established. Only those proposals
considered responsive to the Request for Proposal (RFP) will be eligible for consideration
in the selection process.
4. Resection of Proposal: The City reserves the right to reject any and all proposals received in
response to this RFP if determined to be in the best interest of the City.
The City may not award a contract solely on the basis of this RFP and does not intend to pay
for information solicited or obtained. The information obtained will be used to determine
suitability of the proposal.
Nonacceptance of any proposal does not convey criticism nor imply deficiency of that
proposal. Nonacceptance of any proposal will mean that another proposal was deemed more
advantageous to the City.
5. Amendments; The City may require changes in the Scope of Services to be performed
hereunder. Such changes which are mutually agreed upon by and between the City and the
firm, shall be incorporated by an amendment to the contract.
6. insurance; Please provide as part of your response to the Request for Proposal, evidence of
insurance showing type and amount of coverage for workers compensation, general liability,
completed operations, professional liability, and errors and omissions insurance.
7. independence., The firm should provide certification that it is independent of the City of
Fayetteville, the City's elected officials, and the City's employees as part of the proposal.
8. ADM icabletaws and Venue: The contract shall be made subject to all applicable Federal and
Arkansas State Laws, the Charter and Ordinances of the City of Fayetteville as amended, and
all applicable rules and regulations promulgated by all local, state, and national boards,
bureaus, and agencies. The contract shall be enforceable in Fayetteville, Arkansas and if any
legal action is necessary by either party with respect to the enforcement of any or all terms
and conditions herein, exclusive venue for same shall lie in Fayetteville, Arkansas. The
contract shall be governed and construed in accordance with the laws and court decisions of
the State of Arkansas.
SECTION III. SCOPE OF SERVICE:
The following is a general list of services to be provided by the selected financial advisor. It is not
intended to be all inclusive
• The Financial Advisor shall assist the City and Counsel in developing a financial plan for the
WWTP project.
2
• •
Stephens
A. 2. Page 11
• The City may request the Financial Advisor to appear and/or assist the City by appearing
before or responding to any oversight body, financial rating agency or other interested body.
The Financial Advisor may be requested to explain the Financial Plan and any other work
products and the assumptions and projections used in their development. The Financial
Advisor shall document the development of the work products so that an objective third party
can verify that appropriate care was exercised in their development.
• At the direction of the City, the Financial Advisor will assist and participate in the
preparation of all documents and may serve as a clearinghouse for any credit facility or loan
documents. The extent of involvement in document preparation will be dependent on the
nature and form of the borrowing used by the City to finance the WWTP project.
• If the City elects to issue the bonds by sealed bid, the Financial Advisor will assist the City
in the actual structuring of the issue and other tasks necessary to issue the bonds.
• If the City elects to issue any bonds or other creditor documents, including and not limited
to; notes, mortgages or commercial paper, by negotiated sale, the Financial Advisor will
advise the City with respect to the terms proposed for the offering. The Financial Advisor
may be requested to review the work of the underwriter selected by the City and to advise
the City as necessary or as requested.
• The Financial Advisor may be requested to coordinate all closing events including signature
details, pre-closing and closing formalities, the wire transfer proceeds, the necessary
communication with City Officials, and the review of closing documents.
• The Financial Advisor shall not participate or be affiliated with any underwriter for the bonds
or other lending institution or any purchaser of the bonds by competitive bid.
SECTION IV. SELECTION PROCEDURES AND CRITERIA
Proposals will be reviewed by a committee that may consist of representatives of citizens, City
Council, and City staff which will make a recommendation for selection to the City Council.
Selection will be made pursuant to the City's professional selection policy with relevant factors as
follows:
(1) Qualifications in relation to the specific project to be performed: 25%
(2) Experience, competence, and capacity for performance: 20%
(3) Proposed method of doing work: 10%
(4) Past record of performance: 25%
(5) Price: 20%
Stephens
A. 2. Page 12
ANTIDISCRIMINATION POLICY
The City is an Equal Opportunity Employer. It is the policy of this City that there be no
discrimination against any person or entity on the basis of race, color, national ongin, religion,
gender, age, disability, or sexual orientation.
SECTION V. SPECIFIC REQUIREMENTS FOR PROPOSAL
Proposals will not be considered unless the following basic and qualifying conditions are met in full
and are set out explicitly in the proposal as being processed by and having been previously
performed by the consultant or consulting firm.
1. Summary Statement: The City requests proposals for Financial Advisory Services.
Any questions and correspondence may be directed in writing to Stephen Davis, Budget
Manager, at 113 West Mountain Street Fayetteville, Arkansas 72701, by fax at (501) 575-
8273, by e-mail at sdavis@ci.favetteville ar us or by telephone by calling (501) 575-8296.
2. Firm Requirements and Guarantees:
The Firm shall submit a schedule of fees for services rendered that will set forth the fees to
be charged for each hour of service performed. The fee schedule should address any staff
member of the successful firm that may be used in performing the task outlined in this RFP
and as set forth in Appendix A.
The Firm shall submit the details of and cost of any "extra services" or "add-on services" not
included m your basic pnce.
3. Qualifications;
Respondents to this request will provide the following information concerning their
qualifications.
• Respondents shall acknowledge an understanding of the intent of the required work and
illustrate why the firm or talent should be enlisted for the Bond Program.
• If your firm has experienced any significant financial problems or other problems that
could negatively affect its ability to carry out its duties and responsibilities to the City,
please specifically identify the problem(s) and discuss why each problem(s) should not
affect your selection.
• Are there pending charges, investigations or litigation by or involving the United States
Securities and Exchange Commission or other regulatory body or court (local, state, or
federal) regarding the conduct of your firm or its management? If so, please provide a
list and brief explanation.
4
• •
Stephens
A. 2. Page 13
• Qualifications of anticipated staffing will be a significant consideration in the selection
process. Provide the names of the principals of the firm including the partners, junior
partners, president, vice presents, and other significant personnel along with a detailed
statement of the qualifications of the firm and of each individual who will be assigned
to carry out charges of the resulting contract. In the event staff members are unable to
fulfill the term of the contract, substitutions of equal skill levels will be entertained
subject to approval by the City.
• Describe how the firm is organized. Provide the scope of services the firm offers in the
municipal bonding field and the years of continuous experience to indicate the firm's
qualifications in a given category. List any prior experience capabilities that distinguish
the firm from competitors.
• Provide a representative list of clients (minimum of 6) served by you in the municipal
bond market for a period not to exceed the last five (5) years and indicate those that are
currently under contract. Indicate if the issues were sealed bids, negotiated placements
or a combination thereof. Include the names and telephone numbers of appropriate
individuals in the client firms so the City may contact them as references, if necessary.
Specify for each client listed: (1) underwriter used; (2) bond council used, and (3) the
role of your firm i.e. financial advisor only or financial advisor and underwriter.
• Provide the number and amounts of any wastewater treatment plant and collection
system or water and/or sewer financing programs handled as a financial advisor.
• Provide a copy of no more than two (2) recent Official Statements in which the firm
served as financial advisor and which are closely related to the City's proposed
financings.
• Provide a copy of your firm's policy prohibiting discrimination against individuals or
entities based on race, color, national origin, religion, gender, age, disability or sexual
orientation.
H1aUDG£fPROJECISRFPsUmpan FeeViruncial.dvisor2.RFP.wpd 5
itcphens
\. 2. Page 14
• •
APPENDIX A
SCHEDULE OF PROFESSIONAL FEES AND EXPENSES
For Financial Advisor Services
Executive/Partners:
Managers:
Supervisory:
Staff:
Other (specify):
Out-of-pocket expenses
$
Transportation: $
Other (specify):
H:IBUDGETPROIECTS1RFP3Vmpact FaVinancial.advSu .2.RFP.wpd 6
Hourly
Rates
Clarice Pearman - Res. 248-05
Page 1
From: Clarice Pearman
To: Davis, Steve
Date: 12/28/05 1:03PM
Subject: Res. 248-05
Steve,
Attached is a copy of the above resolution passed by City Council, December 20, 2005. I will forward to
you via interoffice mad one of two letter agreements.
CC: Bell, Peggy; Deaton, Vicki