title
PROPOSED CONTRACT
Department(s): Office of the Chief Financial Officer
Vendor: Public Alternative Advisors LLC
Request: Authorization for the Chief Financial Officer to enter into and execute
Good(s) or Service(s): Consulting Services - Independent Registered Municipal Advisor
Contract Value: $150,000.00
Contract period: 11/4/2021-11/3/2023
Potential Fiscal Year Budget Impact: FY 2022 $75,000.00, FY 2023 $75,000.00
Accounts: 11000.1490.33840.580201
Contract Number(s): 21-21-001
Concurrences:
N/A
N/A
Summary: Public Alternative Advisors, LLC will provide the County IRMA services, which is a new Securities and Exchange Commission requirement for all local governments. The IRMA provision aims to enhance protection to the County and imposes a new fiduciary duty on financial advisors to act in the best interest of the County when it comes to debt related matters.
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