city of San Antonio


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File #: 21-3227   
Type: Misc - Financial Services
In control: City Council A Session
On agenda: 4/29/2021
Posting Language: Ordinance approving a contract with Estrada Hinojosa & Company, Inc. to provide Co-Financial Advisor Services in connection with various City financings for a period to commence May 1, 2021 and terminate April 30, 2024, with an option to extend the contract for one additional two-year period under the same terms and conditions.
Attachments: 1. Draft Ordinance A, 2. Draft Ordinance B, 3. Attachment-I, 4. Contracts Disclosure Form - Hilltop Securities, 5. Contracts Disclosure Form - Estrada Hinojosa, 6. 2021 Financial Advisor Services Contract -EH - DRAFT, 7. Ordinance 2021-04-29-0292
Related files: 21-3225, 21-2913
DEPARTMENT: Finance


DEPARTMENT HEAD: Troy Elliott


COUNCIL DISTRICTS IMPACTED: City-Wide


SUBJECT:

Financial Advisor Services Contract(s) for the City of San Antonio


SUMMARY:

A. This Ordinance authorizes the execution of a contract with Hilltop Securities, Inc. to provide Co-Financial Advisor Services in connection with various of the City's financings for a period to commence May 1, 2021 and terminate April 30, 2024, with an option to extend the contract for one additional two-year period under the same terms and conditions.
B. This Ordinance authorizes the execution of a contract with Estrada Hinojosa & Company, Inc. to provide Co-Financial Advisor Services in connection with various of the City's financings for a period to commence May 1, 2021 and terminate April 30, 2024, with an option to extend the contract for one additional two-year period under the same terms and conditions.

BACKGROUND INFORMATION:

The City utilizes Financial Advisor Services to assist in the management of its debt program and the design and issuance of bonds, certificates, tax notes, and other financial instruments. Financial Advisor Services include, but are not limited to, quantitative analysis, evaluation and presentation of financing options, provision of timely credit market information, preparation of offering documents, advice and assistance with the issuance, sale and delivery of debt instruments, attending meetings, and the provision of ongoing services after the successful delivery of a debt issuance.

A Request for Proposal (RFP) for Financial Advisor Services was developed inclusive of the various types of financings the City may undertake during the term of the Financial Advisor Contract. The RFP was advertised in the San Antonio Express News, posted on the City's website, and mailed to seventy-four (74) firms. On Monday, December 14, 2020, seven (7) proposals were received; however, one (1) proposal was deemed non-responsive due to political contribut...

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