Reso 2017-2669 - Laserfiche WebLink

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11 • Miami-Dade County, Florida Contract No. RFQ00008 • Appendix A Scope of Services 1. Background/Introduction The County,as represented by the Miami-Dade Finance Department(Finance Department),is contracting to provide financial advisory services for revenue debt transactions and services for general obligation, special obligation, public health trust/general obligation, • public health trust/sales tax, transit and sunshine state debt transactions and services. These transactions will include issuance of bonds, notes, certificates, or other financing instruments, and on-going advisory services ("Financial Advisory Services") for the County's General Segment. These services exclude swaps or derivative products, as the County has retained a swap advisor to provide financial advisory services for all swap and derivative products. The County issued a separate Request for Qualifications for each of the three Financial Advisory Services Segments:Water& Sewer Segment; General Segment; and Enterprise Segment. This Contract is for the General Segment of the County. The General Segment includes all financial advisory services for the County, other than financial advisory services for its peripheral agencies, its Water&Sewer Segment and Enterprise(Aviation,Seaport,Public Works and Waste Management Departments)Segments • 2. Limitations • The following items are limitations under this Contract: • A. Subcontractors/Sub-consultants are not allowed to be utilized under the contract. B. Underwriters are not allowed to be utilized under the contract. • 3) A Contractor that has been selected to serve as financial advisor to the Citizen's Independent Transportation Trust may not be a Contractor as Financial Advisor to the General Segment. 3. Minimum Qualification Requirements The Contractor shall remain listed in the Bond Buyer Municipal Online Marketplace Directory,"Red Book"as Financial Advisors during the term of the contract,including any renewals or extensions. Note: It is clearly understood and confirmed with The Bond Buyer's Municipal Marketplace's Red Book Editorial Department,that only firms are eligible for inclusion in the Red Book under this caption and not individuals. Therefore, the fact that an individual has been listed in the Red Book does not in and of itself qualify a firm which employs that individual as having Red Book status. 4. Services to be Provided • A. Issuance of Bonds The Contractor shall: - 1) Advise the County and provide a written recommendation on the means of conducting the sale of bonds(I.e.competitive bidding, negotiation,or some other process); 2) For both negotiated and competitively bid bond issues: • a) On a pro-active basis,bring refunding or other new financing ideas to the attention of the Finance Director, b) Assist the County in preparing the notice of sale(NOS); c) On the day of the sale, advise the County as to the best bid received based upon the verification of bids and recommend an award which,in the Contractor's judgment,is in the best interest of the County; d) Assist in determining the optimal timing for the issue"to go to the market';and e) Participate in the"pricing call'and advise the County as to the reasonableness of the components of the underwriters spread; 3) Provide specific recommendations on each bond issue regarding the following: a) The aggregate principal amount of bonds to be issued; b) The timing of the offering in order to provide funds to meet the County's capital needs; c) The definitive structure of the bond issue—maturity range,serial and/or term bonds,capital appreciation bonds,etc.; d) Redemption Provisions;