Request for Council Action - R-2006-4 REQUEST FOR COUNCIL ACTION

RESOLUTION: 2006-4

SUBJECT: Resolution to Approve Award for Financial Advisory Services

ADDRESS: City Facilities

RECOMMENDATION: Approve Resolution

FUNDING SOURCE: Refinancing Transactions

SUMMARY AND BACKGROUND OF SUBJECT MATTER: In October 2005 Request for Proposals No. 2568 was issued for financial advisory services. A committee composed of staff and individuals from the Lakewood Building Authority, as well as Jefferson County Public Library, reviewed proposals from four firms. Interviews were held and the firm of Piper Jaffray & Co. was selected by the committee to perform these services. The scope of this agreement is to provide independent financial advisory services. These services include, but are not limited to, advice relating to the refunding of Certificates of Participation and the possible undertaking of other financings. Fees are contingent upon the sale and closing of transactions and are variable.

RESOLUTION ADOPTION DATE: January 23, 2006

ORIGINATED BY: Finance Department

STAFF PERSON RESPONSIBLE: Larry Dorr, Finance Department Director
303-987-7061

DOCUMENTS ATTACHED: Resolution 2006-4

SUBMITTED BY:
Larry Dorr, Director Finance Department

REVIEWED BY:
Joni Inman, Director Mayor and City Manager's Office
Michael J. Rock, City Manager