title
PROPOSED CONTRACT
Department(s): Cook County Bureau of Finance
Vendor: Sycamore Advisor, Indianapolis, Indiana
Request: The Chief Financial Officer respectfully is requesting approval of a contract with Sycamore Advisor to provide Independent Registered Municipal Advisors (IRMA) services.
Good(s) or Service(s): Financial Advisory Services
Contract Value: Not to exceed $100,000.00
Contract period: 1 year from the time of Board Approval with 1 year option to extend
Potential Fiscal Year Budget Impact: FY2015$ = 60,000.00 & FY2016 = $40,000.00
Accounts: N/A
Contract Number(s): 15-21-002
Concurrences:
N/A
Summary: Sycamore Advisors will provide the County IRMA services, as the result of new Securities and Exchange Commission rules regarding local governments. The new IRMA rules codify fiduciary duty that financial advisors have to municipal clients when it comes to debt related matters.
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