CITY OF SAN ANTONIO
FINANCE DEPARTMENT
AUDIT COMMITTEE
INTERDEPARTMENTAL MEMO
TO: Sheryl Sculley, City Manager
FROM: Troy Elliott, Deputy Chief Financial Officer, Finance Department
COPY: Audit Committee; Ben Gorzell Jr., CPA, Chief Financial Officer; Kevin Barthold, City Auditor
SUBJECT: Post-Solicitation Briefing for Financial Underwriting Services
DATE: May 30, 2017
The City of San Antonio, Finance Department requested proposals from qualified firms to establish a financial underwriting pool comprised of firms to be utilized for the selection of underwriting syndicates for financial transactions effectuated by the City over the term of the pool. The underwriters will be required to provide professional services and perform the duties of Senior Managing Underwriter and Co-Managing Underwriter as selected for certain transactions and other services as necessary.
The initial term is three (3) years with two (2), one (1) year renewal options. The City, from time to time, will consider the utilization of various types of debt including, but not limited to, general obligation bonds, certificates of obligation, tax notes, commercial paper, revenue bonds, conduit financings including, but not limited to, housing, education, healthcare, economic development, and other types of financings, which will facilitate the most effective, efficient, and the most cost-effective method of financing projects.
On June 27, 2016, the RFQ was released to select qualified and experienced firms to establish a financial underwriting pool. The RFQ was advertised in the San Antonio Express-News on June 26, 2016 and on the City's website on June 27, 2016. Responses were due July 29, 2016.
The evaluation criteria included: (i) Experience, Background, and Qualifications; (ii) Proposed Plan; (iii) Small Business Economic Development Advocacy (SBEDA) Program: (a) Small Business Enterprise, (b) Minority and Women Business Enterprise; (iv) Local Preference program; and (v) Vet...
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