Finance
Requested Action (Identify appropriate Action or Motion, purpose, cost, timeframe, etc.)
title
Request approval to renew an existing contract - Finance Department, 24RFP1337774C-MH, Financial Advisory Services in an amount not to exceed $118,500.00 with Raymond James LLC (Atlanta, GA) to provide financial advisory services. This action exercises the second of two renewal options. No renewal options remain. Effective dates: January 1, 2027, through December 31, 2027.
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Requirement for Board Action (Cite specific Board policy, statute or code requirement)
In accordance with Purchasing Code Section 102-394(6), the Purchasing Department shall present all renewal requests to the Board of Commissioners at least 90 days prior to the contract renewal date 60 days if the contract term is six (6) months or less.
Strategic Priority Area related to this item (If yes, note strategic priority area below)
Open and Responsible Government
Commission Districts Affected
All Districts ?
District 1 ?
District 2 ?
District 3 ?
District 4 ?
District 5 ?
District 6 ?
Is this a purchasing item?
Yes
Summary & Background
Scope of Work: To provide financial advisory services for upcoming County debt issuances, including the (1) 2027 Tax Anticipation Note for General fund short term cash flow requirements, (2) jail facility repairs and renovations, Separate agenda items will be brought to the Board for authorization for each specific debt financing or other financial advisory services that might be requested, this contract provides for one financial advisory for all County debt issuances throughout the term of the contract and its renewal period. Of the original approved contract of $262,000, the pricing for remaining above bond issuances totals $118,500.
Community Impact: This ensures the County is using best financial practices to fund operational cash flow needs for 2027 and utilize financial advisory services for these upcoming bond issuances.
Department Re...
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