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File #: 20-3036    Version: 1 Name: Public Alternative Advisors LLC, Chicago, Illinois
Type: Contract Amendment Status: Approved
File created: 6/29/2020 In control: Board of Commissioners
On agenda: 7/30/2020 Final action: 7/30/2020
Title: PROPOSED CONTRACT AMENDMENT Department(s): Office of the Chief Financial Officer Vendor: Public Alternative Advisors LLC, Chicago, Illinois Good(s) or Service(s): Independent Registered Municipal Advisor (IRMA) Original Contract Period: 7/25/2018 - 7/24/2020 Proposed Amendment Type: Extension Proposed Contract Period: Extension period 7/24/2020 - 7/23/2021 Total Current Contract Amount Authority: $150,000.00 Original Approval (Board or Procurement): Board 7/25/2018, $150,000.00 Extension Amount: $75,000.00 Previous Board Increase(s): N/A Previous Chief Financial Officer Increase(s): N/A Previous Board Extension(s): N/A Previous Chief Financial Officer Extension(s): N/A Potential Fiscal Impact: FY2021 $75,000.00 Accounts: 11000.1490.33840.580200 Contract Number(s): 18-21-001 Summary: The Public Alternatives will serve as municipal financial advisor to the County. They will help developing project specific financial models and conduct project risk and financia...
Indexes: AMMAR RIZKI, Chief Financial Officer, Bureau of Finance

title

PROPOSED CONTRACT AMENDMENT

 

Department(s):  Office of the Chief Financial Officer 

 

Vendor:  Public Alternative Advisors LLC, Chicago, Illinois

 

Good(s) or Service(s): Independent Registered Municipal Advisor (IRMA)

 

Original Contract Period: 7/25/2018 - 7/24/2020

 

Proposed Amendment Type: Extension

 

Proposed Contract Period:  Extension period 7/24/2020 - 7/23/2021

 

Total Current Contract Amount Authority:  $150,000.00

 

Original Approval (Board or Procurement):  Board 7/25/2018, $150,000.00

 

Extension Amount: $75,000.00

 

Previous Board Increase(s): N/A

 

Previous Chief Financial Officer Increase(s): N/A

 

Previous Board Extension(s): N/A

 

Previous Chief Financial Officer Extension(s): N/A

 

Potential Fiscal Impact:  FY2021 $75,000.00

 

Accounts: 11000.1490.33840.580200

 

Contract Number(s):  18-21-001

 

Summary:  The Public Alternatives will serve as municipal financial advisor to the County. They will help developing project specific financial models and conduct project risk and financial sensitivity analysis; review and advise on master operating lease agreements for capital equipment and other alternative financing; evaluate financial impacts, benefits and liability related to revenue and cost, life cycle costs, risk assessments and other financial analysis appropriate and required for the County to make decisions related to debt transactions, such as new issuances, refunding and credit facility provider extensions.

end