File #: 25-0050    Version: 1 Name:
Type: Action Item Status: General Agenda
File created: 4/8/2025 In control: Town Commission
On agenda: 4/15/2025 Final action:
Title: Agreement for Financial Advisory Services Summary: The Town has determined it requires professional financial advisory services to develop and implement strategies to address current and long-term financial obligations, capital financing needs, and further assistance with respect to debt transactions. PFM, which served in a similar capacity for the 2019A and 2019B bonds for the Town, has a contract with Jupiter, Fla., which was competitively bid. Staff propose to piggy-back the Jupiter contract to save time and expense.
Attachments: 1. 2025-04-01 Piggybacking agreement for financial advisor services
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Summary

To: Mayor and Commission

From: Gay Lancaster, Town Manager

Date: 4/15/2025

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Subject:

Title

Agreement for Financial Advisory Services

 

Summary:

The Town has determined it requires professional financial advisory services to develop and implement strategies to address current and long-term financial obligations, capital financing needs, and further assistance with respect to debt transactions. PFM, which served in a similar capacity for the 2019A and 2019B bonds for the Town, has a contract with Jupiter, Fla., which was competitively bid. Staff propose to piggy-back the Jupiter contract to save time and expense.

End

Body

Recommendation: Staff recommends approval.

Proposed Motion: Move approval of an Agreement for Financial Advisory Services with PFM Financial Advisors, LLC.