DEPARTMENT
Finance
REQUESTED ACTION (Identify appropriate Action or Motion, purpose, cost, timeframe, etc.)
title
Request approval to renew an existing contract - Finance Department - 21RFP1108C-MH, Financial Advisory Services in the amount not to exceed $19,500.00 with Raymond James Associates, Inc. (Atlanta, GA.) to provide financial advisory services relative to the County's short term financial borrowing options for 2023 This action exercises the first of two renewal options. One renewal option remains. Effective February 1, 2023 through December 31, 2023. (APPROVED UPON ADOPTION OF THE CONSENT AGENDA)
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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 (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 2023 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 2023.
Department Recommendation: Recommend approval
Project Implications: Employing financial advisors provides professional guidance and evaluation of financing options available to the County for 2023 cash flow needs.
Community Issues/Conc...
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