Meeting_Body
FINANCE, BUDGET AND AUDIT COMMITTEE
MARCH 19, 2026
Subject
SUBJECT: MUNICIPAL ADVISORY SERVICES BENCH
Action
ACTION: AWARD BENCH CONTRACTS
Heading
RECOMMENDATION
Title
AUTHORIZE the Chief Executive Officer to award eight, six-year task order-based bench contracts for Municipal Advisory Services and execute task orders under these contracts for a total Not-To-Exceed (NTE) amount of $7,100,000, effective May 1, 2026, subject to the resolution of properly submitted protest(s), if any:
* PFM Financial Advisors LLC (PS133271000)
* Montague DeRose and Associates, LLC (PS133271001)
* Public Resources Advisory Group (PS133271002)
* Frasca & Associates, LLC (PS133271003)
* KNN Public Finance, LLC (PS133271004)
* Sperry Capital Inc. (PS133271005)
* Fieldman, Rolapp & Associates, Inc. (PS133271006)
* Backstrom McCarley Berry & Co., LLC (PS133271007)
Issue
ISSUE
Metro has a recurring need for municipal advisory services to support the debt program. The existing bench contracts expire April 30, 2026. The establishment of the new bench facilitates the use of at least three municipal advisors consistent with Metro's Debt Policy.
Background
BACKGROUND
Metro requires the services of municipal advisors to assist with the issuance and management of the bonds, commercial paper and short-term borrowing programs, and lease financings, and to assist with the investment of debt service and reserve funds.
The existing bench contracts expire April 30, 2026 and include the following firms:
* Backstrom, McCarley Berry & Co.
* Columbia Capital Management LLC
* Fieldman Rolapp and Associates
* Hilltop Securities, Inc
* KNN Public Finance
* Montague DeRose and Associates, Inc.
* Omni Cap Group LLC
* PFM Financial Advisors LLC
* Public Resources Advisory Group
* Sperry Capital
The expiring contract was awarded by the Board in November 2019 for a total not-to-exceed amount of $6,590,000. During the expiring contract's six-year term, 26 task orders were issued...
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