Title
a. Approve and authorize the Contracts Purchasing Officer to execute a Renewal and Amendment No. 2 to an agreement with KNN Public Finance, LLC for the provision of municipal financing services, extending the term by one additional year, for a new term retroactive to March 10, 2024, through March 10, 2025, and increasing the contract amount by $100,000 for an amount not to exceed $200,000; and
b. Approve and authorize Contracts Purchasing Officer to approve up to three (3) future amendments that do not exceed 10% ($20,000) of the Agreement amount and do not significantly alter the scope of services.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
a. Approve and authorize the Contracts Purchasing Officer to execute a Renewal and Amendment No. 2 to an agreement with KNN Public Finance, LLC for the provision of municipal financing services, extending the term by one additional year, for a new term retroactive to March 10, 2024, through March 10, 2025, and increasing the contract amount by $100,000 for an amount not to exceed $200,000; and
b. Approve and authorize Contracts Purchasing Officer to approve up to three (3) future amendments that do not exceed 10% ($20,000) of the Agreement amount and do not significantly alter the scope of services.
SUMMARY:
In 2014, the County went through the Request for Proposal (RFP) process to create a pool of financing professionals, including: financial advisors; bond, tax, and disclosure counsel; underwriters; and arbitrate rebate consultants. The RFP (#10493) resulted in a pool of financing professionals. Based on its experience and price, the County selected KNN Public Financing, LLC (KNN) as its financial advising team for the 2017 debt issuance process.
DISCUSSION:
KNN is an independent municipal advisory firm, registered as a Municipal Advisor with both the Municipal Securities Rulemaking Board (MSRB) and U.S. Securities and Exchange Commission (SEC). KNN provides the County independent, obj...
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