DEPARTMENT: Finance
DEPARTMENT HEAD: Troy Elliott
COUNCIL DISTRICTS IMPACTED: City-wide
SUBJECT:
Professional Services Agreement for Investment Consulting and Investment Training Services
SUMMARY:
This Ordinance approves a professional services agreement with Patterson Capital Management to provide investment training and consultant services to the City of San Antonio for a period of three (3) years, commencing on October 1, 2016, and ending on September 30, 2019; and authorizes other matters incident and related thereto.
BACKGROUND INFORMATION:
The City of San Antonio's (the "City") current Investment Consulting and Investment Training Services contract is set to expire on September 30, 2016. On June 20, 2016, the City of San Antonio (the "City") issued the Investment Consulting and Investment Training Services Request for Proposal ("RFP") that was distributed to thirteen (13) firms and was advertised on June 18, 2016 in the San Antonio Express News and posted on the City's website. Prior to releasing the Investment Consulting and Investment Training Services RFP, staff met with the City's Goal Setting Committee (the "Committee") on June 13, 2016 to discuss the Small Business Economic Development Advocacy Program ("SBEDA") goals for the solicitation. The Committee's recommendation was to allocate 20 points in the evaluation criteria for Small Business Enterprise and Minority/Women Business Enterprise firms. In addition, 10 points were allocated for the Local Preference Program and 5 points for the Veteran-Owned Small Business Preference Program.
On July 20, 2016, the City received five (5) responses to the RFP. On August 11, 2016, the proposals were scored according to the criteria incorporated in the RFP, which included experience, background and qualifications (30 points), proposed Investment Consulting and Investment Training services (20 points), pricing (15 points), and SBEDA (20 points). The proposal with the highest score was Patt...
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