5. 7th Renewal 10/21/2015 AMY HEAVILIH, CPA
CLERK OF CIRCUIT COURT & COMPTROLLER
MONROE COUNT%,FLORIDA
DATE: March 2, 2016
TO: Roman Gastesi
County Administrator
ATTN.: Lindsey Ballard ✓
Executive Aide
FROM: Cheryl Robertson Executive Aide to the Clerk of Court& Comptroller ISQ"
At the October 21, 2015 Board of County Commissioner's meeting the Board granted approval and
authorized execution of Item Q11 Approval of Contract Renewal for Public Financial Management
(PFM) on a month to month basis while an RFP for Financial Services is conducted. This is a
- professional service contract to provide financial planning, policy development, services related to debt
transaction and other financial services.
Enclosed is a duplicate original of the above-mentioned for your handling. Should you have any questions,
please feel free to contact my office.
•
cc: County Attorney
Finance
File ✓
500 Whitehead Street Suite 101,PO Box 1980,Key West,FL 33040 Phone:305-295-3130 Fax:305-295-3663
3117 Overseas Highway,Marathon,FL 33050 Phone:305-289-6027 Fax:305-289-6025
88820 Overseas Highway,Plantation Key,FL 33070 Phone:852-7145 Fax:305-852-7146
Contract Renewal
This renewal is made and entered into this day of October, 2015 between Monroe
County, called the"County", and Public Financial Management, Inc., called"Financial
Advisor", in order to renew, on a month-to-month basis, the agreement entered into on
April 21, 2004.
Whereas, professional services such as those performed by Financial Advisor may be
exempted by the BOCC from competitive bidding under the Monroe County Purchasing
Policy Chapter 4, Section A. 5 and B; and
Whereas,the current agreement expired on October 15,2015 and Monroe County
desires to extend the agreement on a month-to-month basis until an RFP can be
completed; and
Now,Therefore in consideration of the mutual terms, understandings, conditions,
Promises, covenants, and payments hereinafter set for the, County and Financial Advisor
agree as follows:
Section 1. Recitals. The above recitals are true and correct and incorporated herein.
Section 2. Term. This agreement is hereby extended on a month-to-month basis
beginning October 16, 2015 until the RFP is completed.
Section 3. Notices. The County party shall read:
For Monroe County
Roman Gastesi, County Administrator
1100 Simonton Street, Suite 205
Key West, FL 33040
Section 4. Financial Advisor's Representatives. The following named individuals from
Financial Advisor's firm shall provide the services set forth in this agreement:
Mr. Sergio Masvidal, Managing Director
TEAM MEMBERS:
David Moore, Managing Director
Jay Glover, Managing Director
Pedro Varona, Senior Analyst
Contract Renewal with Public Financial Management Page 1
Section 5. Other Conditions. All other conditions of the Agreement shall remain in full
` force and effect.
In Witness Whereof, the parties have hereunto set their hands and seal,the day and year
first written above.
(Seal) Board of County Commissioners
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Contract Renewal with Public Financial Management Page 2