Posting Language
Title
Authorize a contract for financial advisor services for the Financial Services Department with PFM Financial Advisors LLC and Frasca & Associates, LLC, for an initial term of three years, with two one-year extension options, in an amount not to exceed $1,500,000. Funding: $50,000 is available in the Operating Budget of the Financial Services Department.
Body
Lead Department
Financial Services Department.
Client Department(s)
Financial Services Department.
Fiscal Note
Funding in the amount of $50,000 is available in the Fiscal Year 2024-2025 Operating Budget of the Financial Service Department.
Funding for the remaining contract term is contingent upon available funding in future budgets.
Purchasing Language:
The Financial Services Department issued a Request for Qualifications Statements solicitation RFQS 7400 BRS4003 for these services. The solicitation was issued on September 30, 2024, and closed on October 31, 2024. Of the five offers received, the recommended contractors submitted the best evaluated responsive offers. A complete solicitation package, including a log of offers received, is available for viewing on the City's website. This information can currently be found at:
https://financeonline.austintexas.gov/afo/account_services/solicitation/solicitation_details.cfm?sid=141429
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MBE/WBE:
This solicitation was reviewed for subcontracting opportunities in accordance with City Code Chapter 2-9B (Minority-Owned and Women-Owned Business Enterprise Procurement Program). For the services required for this solicitation, there were no subcontracting opportunities; therefore, no subcontracting goals were established.
For More Information:
Direct questions regarding this Recommendation for Council Action to the Financial Services Department - Central Procurement at: FSDCentralProcurementRCAs@austintexas.gov or 512-974-2500. Respondents to the solicitation and their Agents should direct all questions to the Authorized Contact Person...
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