| | | | | | | | Spotsylvania County
Board of Supervisors Agenda
Executive Summary |
| | | | | | | | Meeting Date:
| March 13, 2018 |
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| | | | | | | | Title:
| Approval of Contract to PFM Financial Advisors LLC to Provide Financial Advisor Services |
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| | | | | | | | Agenda Title:
| Approval of Contract to PFM Financial Advisors LLC to Provide Financial Advisor Services |
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| | | | | | | | Recommendation:
| Approve the award of a contract to PFM Financial Advisors LLC, to provide financial advisor services. The contract has been reviewed and approved as to form by the County Attorney’s Office. |
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| | | | | | | | Non-Staff Name and Title of Presenters:
| Staff is requesting approval of a contract to PFM Financial Advisors LLC to provide financial advisor services that will support the financial management of the County Government. |
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| | | | | | | | Summary:
| A Request for Proposal (RFP) was issued by the Spotsylvania County Procurement Division to solicit proposals from qualified contractors to provide Financial Advisor Services. Three (3) proposals were received for this procurement. A Selection Committee reviewed the proposals and a recommendation was made to award to PFM Financial Advisors LLC. |
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| | | | | | | | Financial Impact:
| Budgeted funds are available in the Budget Code 110-1224-402-3160 |
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| | | | | | | | Staff Contacts:
| Mary Sorrell, Director of Finance
Brad Quann, Procurement Manager |
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| | | | | | | | Legal Counsel:
| Susan Cooke, Deputy County Attorney |
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| | | | | | | | Additional Background/Other Considerations:
| This contract will have a three (3) year term, and may be renewable for two (2) additional one (1) year terms at the option of Spotsylvania County. PFM Financial Advisors LLC will provide financial advisory services to support the financial management of the County Government. |
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| | | | | | | | Consequence of Denial/Inaction:
| The County would not have a professional financial advisor under contract to provide advice, counsel and support to staff to enable the County to remain in the best possible financial posture. |
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| | | | | | | | Talking Points:
| Staff is requesting approval of a contract to PFM Financial Advisors LLC to provide financial advisor services that will support the financial management of the County Government. |
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