HomeMy WebLinkAboutContract 52289 CITY SECRETARY
CONTRACT N0.
Public Partners pF Pu ciaFnncePat>rn s ,
�-w I
February 4,2019
Mr.Kevin Gunn
City,of Fort Worth
1000 Throd=orton
Fort Worth,TX 76102
Dear Mr. Gunn:
We are pleased to confirm our engagement to assist you with your financing transaction.This letter
documents the understanding of the services and related deliverable defined below that Public Finance
Partners LLC(TFP",`eve"or"us")will provide to the City of Fort Worth,Texas (the"City'l.
Hilltop Securities Inc. (the"Financial Advisor"provided us with certain schedules in connection with the
issuance of the City's Drainage Utility System Revenue Refunding Bonds,Series 2019(the`Bonds'l and the
refunding of the City's outstanding Drainage Utility System Revenue Bonds,Series 2009(the"Refunded
Bonds'o. PFP will perform the following procedures to assist the City in connection with verifying the
mathematical accuracy of the schedules provided to us:
(1) Recalculate the debt service requirement on the Refunded Bonds.
(2) Recalculate the receipt from the United States Treasury Securities—State and Local Government
Series (the"SLGS")delivered to the escrow account.
(3) Verify that the cash deposited into the escrow account and receipt from the SLGS will be sufficient
to pay the debt services requirement on the Refunded Bonds.
(4) Recalculate the yield on the Bonds.
As part of our engagement we will read the applicable pages from the following documents to confirm the
information used in our calculations:
(1) Ordinance for the Refunded Bonds to obtain the principal amounts,principal and interest payment
dates,interest rates and optional redemption date and price on the Refunded Bonds;
(2) Official Statement for the Bonds to obtain the principal amounts,principal and interest payment
dates,dated date,interest rates,optional redemption date and price,and issue price to the public for
the Bonds;
(3) Subscription forms for the SLGS to obtain the principal amount,interest rate,maturity,date and
issuance date;and
RECEIVED
MAY 10 2019 OFFICIAL RECORD
CITY OF VRTWMTR CITY SECRETARY
CITY SECRETARY FT. WORTH,TX
(4) Department of the Treasury,Bureau of the Public Debt SLGS table for use on the day the SLGS will
be filed with the Bureau to determine that the SLGS interest rate does not exceed the rate available
for that maturity.
PFP shall be entitled to rely on the accuracy,completeness and reliability of all information provided to it by,
and on all decisions and approvals of,the City. In addition,PFP has relied on any information provided to it
by the City's retained advisors,consultants or legal counsel.PFP's work does not guarantee that errors and
irregularities will not occur,and it may not detect errors or irregularities if they arise. It is possible that
because of unexpected circumstances,we may determine that we are unable to issue a report or complete the
engagement If,in our professional judgment,the circumstances necessitate,we may decline to issue a report
and resign from the engagement prior to completion.
Our estimated fees for this engagement will be$2,500 which includes all expenses.This quote includes only
those services outlined above and any additional services will be billed for separately.
We appreciate the opportunity to work with you and assure you that this engagement will be given our closest
attention.
Very truly yours,
PUBLIC FINANCE PARTNERS LLC
J44"
Stephanie Seroogy
Managing Director
Agreed and Accepted by:
City of Fort W�fth
Date: Z S ZDlf
Kevin Gunn
rOFFICIAL RECOR
Hinojosa, Crystal
From: McElroy, Denis C.
Sent: Monday,April 1, 2019 2:32 PM
To: Hinojosa, Crystal
Subject: RE: Engagement Letters
As they've already been long ago executed without Law's signature, I don't see the benefit to running them through my
department at this point.
Denis McElroy
Assistant City Attorney
200 Texas Street
Fort Worth,Texas 76102
(817)392-2758
denis.mcelroygfortworthtexas.gov
City of Fort Worth — Working together to build a strong community
FORT WORTH.
From: Hinojosa, Crystal
Sent: Monday, April 01, 2019 2:21 PM
To: McElroy, Denis C.
Subject: FW: Engagement Letters
Denis,
I need to route these to City Secretary office for CSCO number to be assigned for purchasing process.
Do I need to also route these already executed engagements to Law as well?
Thanks
From: Hinojosa,Crystal
Sent: Monday,April 1,2019 1:42 PM
To:Soto,Vania Elizabeth <Vania.Soto@fortworthtexas.gov>
Subject: Engagement Letters
Hi Vania,
I have a question regarding engagement letters and getting CSCO numbers assigned to them.
1
I have about 6-7 letters similar to the one attached that I am being asked by Purchasing to route for CSCO numbers in
order to pull my purchase order.
Usually I would route to my ACM, Law and then to your office but since this is an engagement letter, do I need to do the
same orjust route to you all?
Any help would be much appreciated.Thank you
Crystal Hinojosa
Management Analyst
Department of Financial Management Services
200 Texas Street, Fort Worth, TX 76102
W: 817-392-7808 1 8: 817-392-5886
Crystal.Hinojosa@FortWorthTexas.gov
"City of Fort Worth-Working together to build a strong community"
Im O„ RT ORTHQ
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