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: Efficient and Effective City Government, Customer Focused & Values Diversity

[ X ] Improves City efficiency  [  ] Increase use of Information Technology

[  ] Increases residents perception of Lauderhill as an excellent place to live