HomeMy WebLinkAbout1999 03 08 Consent Item E
COMMISSION AGENDA
ITEM E
Consent X
Informational
Public He.uin
Re ular
March 22. 1999
Meeting
MGR f~EPT.
Authorization
REQUEST: City Manager requesting the City Commission to appoint
underwriters for various financing over the next three years.
PURPOSE: This agenda item is needed to have underwriters ,3ppointed for
capital improvement needs the City anticipates over the next three years.
CONSIDERATION:
Request for proposals from underwriters were published in February 1999.
The City anticipates financing over the next three years including the
following:
1. Improvement Refunding Issue for parks.
2. Water/Sewer for refinancing of existing debt and Town Center utility
needs.
3. Assessment Issues for Tuscawilla and Oak Forest Beautification
Districts.
4. Possible Town Center Issue for improvements for the Town Center.
Five proposals were received as follows:
William R. Hough & Company
Gardnyr Michael Capital, Inc.
Hanifen, Imhoffm Inc.
Prager, McCarthy & Sealy, LLC
First Union Capital Markets Corp.
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An evaluation committee made up of the City Manager, City Finance
Director and City Financial Advisor met and evaluated the proposals on
March 3, 1999.
RECOMMENDATION:
1. Improvement Refunding Issue Hanifen, Imhoff, Inc.
Gardnyr Michael Capital, Inc.
2. Water and Sewer Issue First Union Captal Marketing Corp.
William R. Hough & Company
3. Assessment Issue Gardnyr Michael Capital, Inc.
Prager, McCarthy & Sealy, LLC
4. Town Center Issue Prager, McCarthy & Sealy, LLC
First Union Capital Markets, Corp.
Proposals are available in the City Managers offiice for any
Commissioner who desires to see them.
FUNDING:
None
ATTACHMENTS:
None
COMMISSION ACTION:
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