Reso 2020-3052 - Laserfiche WebLink

Home Browse Search

�/S"NNY ll�r AGRFEMEN.T BETWEEN THE CITY OF SUNNY ISLES`BEACH '' -- AND PFM FINANCIAL ADVISORS LLC <r ';•„Ov 1‘..9 r o�� CONTRACT NO. C6411-1617-040 r 0♦.J y THIS AGREEMENT(hereinafter referred to as the "Agreement") is"niadc'indtipliaatc, . day of — , 2017 by and between the CITY OF SUNNY ISLES BEACH, (hereinafter referred to as `City"), and !'I+M FINANCIAL ADVISORS LLC, a Corporation authorizeeto do business in the State-Of Florida (hereinafter i-efcrred-to as "-Consultant"), whose Federal I.U. zf is 81-1642787. • RECITALS WHEREAS; City is in need of Consultant to provide financial advisory services on an as needed basis; and WHEREAS, Consultant has expressed the ability and desire to provide these Services to the City pursuant to the pricing terms and conditions offered to the Miami-Dade County, Florida; • Contract No. RFQ00008,a copy of which is attached hereto as Attachment "13", and incorporated herein by reference; and WHEREAS;pursuant to the City's procurement code provisions, purchases made under state, county or other governmental contracts, or "competitive bids with other governmental agencies arc exempt from the City's competitive bidding procedures; and WHEREAS, the City desires to enter into this Agreement with Consultant to provide the Services in a Iota] amount not to exceed One Hundred Fifty Thousand Dollars ($150;000.O0) during the initial three (3)year term. NOW THEREFORE, in consideration of the mutual covenants contained herein; and for other valuable consideration received; the receipt and sufficiency of which are hereby acknowledged; the parties agree as f'ol1ows: 1. RECITALS. The Recitals set forth above arc hereby incorporated into-this Agreement • and made a part hereof for reference. 2. SERVICES. Consultant agrees to perform the Services as more particularly described in Attachment"A", a copy of which is attached hereto and incorporated herein by reference 3. TERM. Subject to the provisions relating to the termination of this Agreement as set forth in Section 8 hereunder; the term of this Agreement shall commence upon the execution of this Agreement and shall terminate no later titan three (3) years thereafter, with two (2) options to renew the Agreement for two(2)years each.in the event the City elects to renew the Agreemnt during the optional renewal lentis, the same pricing s4hedule of fifty Thousand Dollars ($50,000.00) pet.year shall apply, 4. ` COMPENSATION. The Consultant agrees to provide the desired Services to the City in a total amount not to exceed Fifty Thousand Dollars ($50,000.00) per year; bringing the total . compensation amount not to exeeed.Une Hundred Fifty Th.ousand.Dollars.($150,000.00) for . the initial three (3) year term. Payment to Consultant for all charges and tasks under this Agreement shall be in accordance with this Agreement and the schedule of charges reflected in the Miami-Dade County, Florida, Contract No. RF00000$, as more thoroughly described B Exhibit "A"