Department
Finance
Requested Action
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Request approval of a recommended proposal - Finance Department, 24RFP1337774C-MH, Financial Advisory Services in an amount not to exceed $217,000.00 with Raymond James LLC (Atlanta, GA) to provide financial advisory services upon execution of contract through December 31, 2025, with two renewal options.
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Requirement for Board Action
In accordance with Purchasing Code Section 103-374 or 102-375, all competitive sealed proposals shall be forwarded to the Board of Commissioners for approval.
Strategic Priority Area related to this item
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 2025 Tax Anticipation Note for General fund short term cash flow requirements, as well as three potential bond issuances for (1) jail facility repairs and renovations, (2) refinancing of the 2013 Water and Sewer revenue bond, and (3) a potential Fulton DeKalb Hospital Authority conduit debt financing. 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 periods.
Community Impact: N/A
Department Recommendation: Recommend Approval
Project Implications: None
Community Issues/Concerns: None
Department Issues/Concerns: None
Contract & Compliance Information (Provide Contractor and Subcontractor details.)
Contract Value: $217,000.00
Prime Vendor: Raymond James & Associates, LLC
Prime Status: Non-Minority
Location: Atlanta, GA
County: Fulton County
Prime Value: $217,000.00 or 100.00%
Total Contract Value: $217,000.00 or 100.00%
Total Certified Value: $-0-
Exhibits Attached
Exhibit 1: Evaluation Committee Recommendation Letter
Exhibit 2: Performance Evaluation
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: |
$217,000.00 |
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TOTAL: |
$217,000.00 |
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
Funding Line 1:
100-999-D100-1609: General, Non-Agency, Tax Anticipation Note - $19,500.00
Funding Line 2:
Proposed facility bond financing fund to be determined, object 1130 bond issue costs $95,000.00
Funding Line 3:
Proposed 2013 Water Sewer bond refinancing, fund to be determined, object 1130 bond issue costs $55,000.00
Funding Line 4:
Proposed Fulton DeKalb Hospital Authority financing, costs of the financial advisory would be absorbed by the proceeds of the bond financing, ($47,500.00)
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Key Contract Terms |
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Start Date: 1/8/2025 |
End Date: 12/31/2025 |
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Cost Adjustment: $212,000 |
Renewal/Extension Terms: Two renewal options |
Overall Contractor Performance Rating: 100
Would you select/recommend this vendor again?
Yes
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Report Period Start: |
Report Period End: |
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1/1/2024 |
6/30/2024 |