FULL AGENDA PACKET_2021-05-18 - Laserfiche WebLink

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RAMIRL4 Provide an estimate of your total, not to exceed, underwriting costs associated with serving as senior manager to the City on a ool-1 o-exceed Oppraximol ely $671 rnilhon istiu0 of fi rPrl rate PORs. Ploosp no1P Thal any pnyrot,ni In lhP undi rwril Pr is Coming Pal ors the closing of the bunds. Proposed Underwriter Fee. $1.75/bond for all maturities plus standard underwriting expenses. We note that a low underwriting fee does not always result in the best deal or lowest borrowing cost. An example of low underwriting fee bids with negative impacts: two recent PCIBs priced with a make -whole -call option will have negative lasting impacts on the two cities and indicative of how fee is not the most important component when selecting an underwriter. We can negotiate our fee, if it does not meet the City's expectations. Proposed Underwriter's Counsel! Kutak Rock - Albert Reyes; Jones Hall —Juan Galvan; Norton Rose Fulbright - Russell C. Trice $/Road Total UnderwntersDiscount T.Juvlowu 51J5n -11761Sn00 Managanie0t Y2e SU.000 SU.UU Esucnscs 5O 173 5119,3n447 Total Discount S3.929 S1,293,554A]i Estimated Expenses Uw cou0521 so.U3/ j2J000.UU CDC Rcvicw 50 003 51,8nn_on IPRro 5nnrA -4`,,19` DS PREU Wrnac.3y SU. Uss `.21,91b. b'I CDIAC 5O 007 S"OnD. no OTC ;O.OnI $fioo 00 LislP SU. Jul "s-1 Uu Da, -oar, 50023 S18,C38.89 Total Expenses SOA79 $119,304A7 ParAmount $671,000,000 The fullowiny forms, included irr, this RFP, shall be signed and included Lis part of the proposal subrniltul package: Attuchment A. References: Attochment & Proposers Statement, Attachment C Non -Collusion Affidovit; AttOChnlent 0: Non- Lohbyiny CPrrifiratinn; Arachment E. Non-Oiscrimmotinn CPrtifiratmo Please find the requested attachments (A — E) in Appendix A of our RFP response. eontrortor shall provide three (3)references from public oyency rustomers for which actuarial wnrk Volilar to sPtvlreS sperlfled in rhis RFP have Been performed, including ennmet nomer and telephone numbers, and types of wtviees your firm has provided. Use ArtarhmentA— Referenrns. The respondent gronts permission for the City to contact any individuals listed as referencr�s. Plence find the requested references in AttachmenT A in Appendix A of our RFP respnnse. Proposermay be requested to submit its most recent audited financial statement, evidencing Proposers financial capacity to fully perform the required services, including provision of equipment and personnel expenses over a ninety (90) day period. Among Highest Capitalized Privately -owned Firms in the Municipal Bond Industry. Ramirez & Co. operates as a privately -held corporation and has grown its capital organically (frorn its profitability) over 50 years. Nearly all of the Firm's capital is dedicated toward municipal underwriting and is routinely deployed to support our municipal clients in the primary and secondary markets. As of September 30, 2020, Ramirez & Co.'s capital is sufficient to sole manage a $3.15 billion single municipal transaction, assuming a 7% regulatory haircut. We are happy to provide our most recent Focus report upon request. The Selected Proposer 5holl provide the required evidence of insurance coverage as set forth in the Standard ogrepnlpnt within ten (10) business days after reseipl of Notice of Inlenl to Av,noL Canlruclor must ma in lain, for the durnhon of ils ronim, 1, insurance (over ages ds required by (he City. Rarnirez & Co. understands the contract is contingent on complying the required evidence of insurance coverage and provide evidence within the 10 business days after the receipt of Notice of Intent to Award. City Council 1, 23 — 253 5/18/2021