Department
Finance
Requested Action (Identify appropriate Action or Motion, purpose, cost, timeframe, etc.)
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Request approval of a recommended proposal - Finance - 21RFP1108C-MH, Financial Advisory Services in the amount of $19,500.00 with Raymond James Associates, Inc. (City, State) to provide financial advisory services relative to the County's short term financial borrowing options for 2022. Effective January 1, 2022 through December 31, 2022 with two renewal options. (APPROVED)
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Requirement for Board Action (Cite specific Board policy, statute or code requirement)
In accordance with Purchasing Code Section 102-374 and 102-375, all competitive sealed proposals shall be forwarded to the Board of Commissioners for approval.
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 (First sentence includes Agency recommendation. Provide an executive summary of the action that gives an overview of the relevant details for the item.)
Scope of Work: Provide financial advisory services involving the County’s short term borrowing needs for 2022 and as other financial advisory services as deemed necessary and mutually agreed upon at hourly rates.
Community Impact: This ensures the County is using best financial practices to fund operational cash flow needs for 2022.
Department Recommendation: Recommend approval
Project Implications: Employing financial advisors provides professional guidance and evaluation of financing options available to the County for 2022 cash flow needs.
Community Issues/Concerns: None noted
Department Issues/Concerns: None noted
Contract & Compliance Information (Provide Contractor and Subcontractor details.)
Contract Value: $19,500.00
Prime Vendor: Raymond James & Associates
Prime Status: Non-Minority
Location: Atlanta, GA
County: Fulton County
Prime Value: $19,500.00 or 100.00%
Total Contract Value: $19,500.00 or 100.00%
Total M/FBE Value: $-0-
Exhibits Attached (Provide copies of originals, number exhibits consecutively, and label all exhibits in the upper right corner.)
Exhibit 1: Evaluation Committee Recommendation letter
Exhibit 2: Contractor Performance Report
Contact Information (Type Name, Title, Agency and Phone)
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Hakeem Oshikoya, Finance Director, 404-612-7641
Contract Attached
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No
Previous Contracts
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Yes
Total Contract Value
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Original Approved Amount: |
$0.00 |
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Previous Adjustments: |
$0.00 |
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This Request: |
$19,500.00 |
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TOTAL: |
$19,500.00 |
Grant Information Summary
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Amount Requested: |
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Cash |
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Match Required: |
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In-Kind |
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Start Date: |
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Approval to Award |
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End Date: |
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☐ |
Apply & Accept |
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Match Account $: |
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Fiscal Impact / Funding Source
100-999-S200-1609: General, Non-Agency, Tax Anticipation Notice Expense
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Key Contract Terms |
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Start Date: 1/1/2022 |
End Date: 12/31/2022 |
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Cost Adjustment: Click here to enter text. |
Renewal/Extension Terms: Two renewal options |
Overall Contractor Performance Rating:
Would you select/recommend this vendor again?
Choose an item.
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