File #: 19R-3239    Version: 1 Name: Ranking of Underwriters for Half-Cent Bonds
Type: Resolution Status: Passed
File created: 5/30/2019 In control: City Commission Meeting
On agenda: 6/10/2019 Final action:
Title: RESOLUTION 19R-06-99: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LAUDERHILL APPROVING THE RANKING OF THE EVALUATION COMMITTEE PURSUANT TO RFP #2019-033 FOR UNDERWRITING SERVICES REGARDING THE HALF-CENT SERIES 2019A (TAX EXEMPT) AND 2019B (TAXABLE) BOND DEALS AS RECOMMENDED BY THE EVALUATION COMMITTEE; PROVIDING FOR AN EFFECTIVE DATE (REQUESTED BY CITY MANAGER, CHARLES FARANDA)
Attachments: 1. RES-19R-06-99-Ranking-Half-Cent Bond Underwriter.pdf, 2. AR 19R-06-99, 3. RFP 2019-033 Half Cent 2019A 2019B 4-22-19.pdf, 4. FINAL RANKING RFP 2019-033 HALF CENT TAX BOND.pdf, 5. RBC Proposal-RFP for UW Svs_Half-Cent Sales Tax Rev Bonds 2019A+B (1).pdf
Title
RESOLUTION 19R-06-99: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LAUDERHILL APPROVING THE RANKING OF THE EVALUATION COMMITTEE PURSUANT TO RFP #2019-033 FOR UNDERWRITING SERVICES REGARDING THE HALF-CENT SERIES 2019A (TAX EXEMPT) AND 2019B (TAXABLE) BOND DEALS AS RECOMMENDED BY THE EVALUATION COMMITTEE; PROVIDING FOR AN EFFECTIVE DATE (REQUESTED BY CITY MANAGER, CHARLES FARANDA)

Body
Request Action:
Pass a resolution ranking the Underwriting Service firms as recommended by the evaluation committee pursuant to RFP #2019-033

Need:
To rank proposals received in response to RFP #2019-033.

Summary Explanation/ Background:
The City is intending on issuing Half-Cent bonds Series 2019 A (Tax Exempt) and Series 2019B (Taxable) and is in need of Underwriting Services. Various firms responded to RFP #2019-033 and the evaluation committee has ranked the firms as indicated.

Attachments:
RFP #2019-033
Ranking of Firms
RBC Corp. proposal

Cost Summary/ Fiscal Impact:


Estimated Time for Presentation:

Master Plan:

Goal 1: Clean, Green Sustainable Environment
[ ] Increase mass transit ridership [ ] Reduce City energy consumption
[ ] Reduce water consumption

Goal 2: Safe and Secure City of Lauderhill
[ ] Crime in lower 50% in Broward [ ] Residents feel safe in neighborhood
[ ] Reduce emergency fatalities

Goal 3: Open Spaces and Active Lifestyle for all ages
[ ] Increase participation in youth sports [ ] Add new park land and amenities
[ ] Increase attendance at cultural programs and classes

Goal 4: Growing Local Economy, Employment and Quality of Commercial Areas
[ ] Increase commercial tax base [ ] Increase employment in Lauderhill businesses
[ ] Decrease noxious and blighted uses in commercial areas

Goal 5: Quality Housing at all Price Ranges and Attractive Communities
[ ] Neighborhood signs and active HOAs [ ] Housing & streets improved, litter reduced
[ ] Increase proportion of single family homes and owner occupied housing

Goal 6...

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