HomeMy WebLinkAboutContract 57053-SP1 ! WORTH,
City Secretary Contract No. 5-70S3- S P I
August 19, 2022
Mr. Dennis Waley
Managing Director
PFM Financial Advisors LLC
750 N. St. Paul Street#540
Dallas, TX 75201
Re: Supplemental Agreement to CSC# 57053 for Financial Advisor Services Not
Related to a Bond Issuance
The purpose of this supplemental agreement is to engage PFM FINANCIAL ADVISORS
LLC ("Lead Financial Advisor" or" Vendor") to perform Financial Advisor Services
separate from those outlined in City Secretary Contract (CSC) # 57053. Specifically,
services that are unrelated to a bond issuance.
Exhibit B of CSC # 57053 between the City of Fort Worth ("City"), and Lead Financial
Advisor provides an hourly rate structure for any services not related to a bond issuance
("Additional Services").
Additional Services include but are not limited to:
• Tax rate calculation review, impact analysis, and/or coverage analysis unrelated
to debt for the City
• Ad hoc research related to current or potential future special projects for the City
• Scenario modeling for special projects that may or may not result in a bond
issuance for the City
• Cash flow modeling unrelated to debt issuance or for other internal City
departments
• Evaluation of third party RFQ or RFP submissions not coinciding with a debt
issuance for the City
• Evaluation of financial models related to third party vendor proposals for the City
• Creation or review of financial models related to special projects for the City
• Assist in the development and maintenance of long-term debt financing plans
and/or forecasts unrelated to traditional debt issuances of the City
• Other financial analysis, forecasting, or planning initiatives requested by the City
Task Orders
The authorization to perform Additional Services will be memorialized via written task
order(s) issued by the City. Each task order must include a description of the services to
be performed with associated deliverable deadlines, time period (if applicable), a
reference to this supplemental agreement, and an estimated maximum amount. Charges
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in excess of the estimated maximum amount must be approved by the City in writing.
Task Orders can be issued via email.
Authorization to Issue Task Orders
The City's Debt Manager is authorized to issue task order(s) for Additional Services in an
amount up to $25,000.00. The City's Treasurer is authorized to issue task order(s) for
Additional Services in an amount up to $50,000.00. The City's Chief Financial Officer is
authorized to issue task order(s) for Additional Services in excess of$50,000.00 but less
than $100,000.00.
Maximum Annual Amount
The maximum annual amount of this supplemental agreement is $100,000.00. This
amount will be available annually throughout the term of this Supplemental Agreement.
Term
The term of this Supplemental Agreement shall align with the term of CSC# 57053 and
any subsequent amendment and renewal of said contract. All other terms and conditions
contained in CSC# 57053 and any subsequent amendment and renewal will apply
throughout the term of this supplemental agreement.
(signature page follows)
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MONO
ARTWORTH.
CITY OF FORT WORTH:
CONTRACT COMPLIANCE
117— MANAGER:
By signing I acknowledge that I am the person
By:Name: DaWooke responsible for the monitoring and
administration of this contract, including
Title: Cit anageager ensuring all performance and reporting
requirements.
APPROVAL RECOMMENDED: 7
By:
p� Name: John Samford
By: RegiriXd Zeno(Aug 19,z 1:18 CDT) Title: Assistant Finance Director & ity
Name: Reginald Zeno Treasurer
Title: Chief Financial Officer
APPROVED AS TO FORM AND LEGAL
ATTEST:
By: /
By: Name: Taylor C. Paris
Name: Jar4itieS. Goodall -° Title: Assistant City Attorney
Title: CitUecretary V:0)
•irr,
VENDOR:
PFM Financial Advisors LLC
Dehhis waiev
By: Dennis Watey(Aug 19,2022 10:28 CDT) -
Name: Dennis Waley
Title: Managing Director
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