Substitute
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. 22-500623 Financial Advisory Services (3 Year Multiyear Contract with 2 Options to Renew): for use by the Finance Department. 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”). Recommend award to: PFM Financial Advisors, LLC. Amount Not To Exceed: $1,664,500.00.
Body
Information Contact: Michelle Butler, Procurement Manager
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”). Three (3) proposals were received.
RECOMMENDATION:
Recommended Action
Recommend award to the highest scoring proposer with:
PFM Financial Advisors LLC, 1735 Market Street, 42nd Floor, Philadelphia, PA 10103
Amount Not To Exceed: $1,664,500.00
and authorize the Chief Executive Officer to execute the change order and all associated documents.
Evaluation Committee Scores
Firm: Score:
First Tryon Securities, LLC dba 88
First Tryon Advisors
Davenport & Company, LLC 92
PFM Financial Advisors, LLC 97
After evaluation of the technical and cost proposals, the recommendation is to award to the highest scoring, responsive and responsible proposer.
ADDITIONAL INFORMATION:
1. Contract Effective Date: Date of Contract Execution
2. Contract Expiration Date: December 31, 2025
3. Amount Spent On Previous Contract: $301,809.98
4. Funding: General and Enterprise