Purchasing Type: Request for Proposals (RFP)
Public Hearing: YES ☐ NO ☒ Department: Purchasing & Contracting
AGENDA ITEM:
Title
Commission District(s): All
RFP - Request for Proposals No. 2025-048-RFP Financial Advisor Services (Multiyear Contract). For use by the Finance Department to obtain financial advisory services in connection with various financing transactions and programs. Awarded to Public Resources Advisory Group: Amount Not To Exceed $1,167,000.00
Body
Information Contact: Michelle Butler, Chief Procurement Officer
Phone Number: (404) 687-3581
PURPOSE:
Consists of providing financial advisory services in connection with various financing transactions and programs. Services will also require acting as the County’s “municipal advisor” as contemplated by the Dodd-Frank Wall Street Reform and consumer Protection Act (“Dodd-Frank”) and the Securities and Exchange Commission’s Rule 15bA-1 (the “Municipal Advisor Rule”). Four proposals were received.
RECOMMENDATION:
Recommended Action
Recommend award to the highest scoring proposer:
Public Resource Advisory Group, Inc., 39 Broadway, Suite 1210, NY 10006
Amount Not To Exceed: $1,167,000.00
and authorize the Chief Executive Officer to execute the Contract and all associated documents.
Evaluation Committee Scores
Firm: Score:
First Tryon Advisors 77.40
PFM Financial Advisors, LLC 84.57
Piper Sandler & Co. 83.28
Public Resources Advisory Group 87.80
After evaluation of the technical and cost proposals, the recommendation is to award to the highest scoring, responsive, responsible proposer.
ADDITIONAL INFORMATION:
1. Contract Effective Date: Date of Contract Execution
2. Contract Expiration Date: December 31, 2029
3. Funding: General and Enterprise