LTC 219-2002 CITY OF MIAMI BEACH
Office of the City Manager
Letter to Commission No. -
From:
Subject:
To: Mayor David Dermer and Date: September 24, 2002
Members of the City Commission
Jorge U. Gonzalez ~ ~
City Manager
Proposed Evaluation Committee for Financial Advisory Services
The purpose of this LTC is to advise the Mayor and Commission on the Proposed
Evaluation Committee for Financial Advisory Services. On May 21,2002, the City issued a
Request for Proposals No. 38-01/02 to provide financial advisory services. These services
include financial planning, project financial analysis, investment management, debt
issuance, reporting, evaluation of proposals, development of financial strategy for capital
projects taking into consideration the City's short and long-term financial needs, available
financing options, computer support and modeling for complex financial analysis. The firm
will also assist in the selection of investment banking teams, participate in future bond
issues by assisting the city with development of timetables, preparation of preliminary and
final official statements, bond resolution, and other documentation as may be required.
Further, the Financial Advisor will make recommendations of appropriate credit structures,
evaluate the use of various credit enhancements, participate in presentations to the rating
agencies and review the marketing and sale of any debt pdor to, during and after the
pricing of bonds. Further, the selected firm shall assist the City in the development of
strategies for investment of bond proceeds as well as provide final analysis of bond sales.
Proposals were received on June 24, 2002. I am considering appointing the following
individuals to serve on the Committee:
Larry Herrup, Chair, Budget Advisory Committee, Independent CPA
Jeryl (Deede) Weithorn, Budget Advisory Committee, Independent CPA
Tony Rodriguez, Budget Advisory Committee, Investment Banker
Georgina P. Echert Assistant Finance Director
Jim Suffer, Internal Auditor
If you would like to recommend individuals to serve as Evaluation Committee members,
please provide/hme with the individual's name and phone by October 1,2002.
JMG/PDW/J-~
cc: Patricia D. Walker, Chief Financial Officer
Georgie P. Echert, Assistant Finance Director
Gus Lopez, Procurement Director
Jim Suffer, Internal Auditor