File #: 21-5599    Version: 1 Name: Public Alternative Advisors LLC - IRMA Services
Type: Contract Status: Approved
File created: 9/29/2021 In control: Board of Commissioners
On agenda: 11/4/2021 Final action: 11/4/2021
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.
Indexes: (Inactive) AMMAR RIZKI, Chief Financial Officer, Bureau of Finance

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.

end