Item C33 C.33
BOARD OF COUNTY COMMSSIONERS
County of Monroe f ma Mayor Heather Carruthers,District 3
h} ] Mayor Pro Tem Michelle Coldiron,District 2
The Florida Keys Craig Cates,District 1
=E �j David Rice,District 4
`w'P•=w Sylvia J.Murphy,District 5
County Commission Meeting
October 213, 2020
Agenda Item Number: C.33
Agenda Item Summary #7441
BULK ITEM: Yes DEPARTMENT: Airports
TIME APPROXIMATE: STAFF CONTACT: Richard Strickland(305) 809-5200
NA
AGENDA ITEM WORDING: Approval to advertise a Request for Qualifications to hire a
Financial Advisor with experience in recent airport capital financing to assist the Key West
International Airport with financial techniques and options pertaining to the issuance and sale of
Series 2022 General Airport Revenue Bonds and Passenger Facility Charge (PFC) backed debt
related to the new Concourse A program.
ITEM BACKGROUND: The fully qualified financial advisor will provide independent financial,
strategic and advisory experience to assist the Airport as relates to the new Concourse A program;
services may include but are not limited to: making recommendations of structuring financing,
including payment, security details and bond specifications, validating plans of finance including
cash flow, bond schedule and sizing analyses, attending meetings, conferring with State and Local
Government, recognizing bond attorneys and airport consultants in connection with the proceedings
authorizing the issuance of bonds or other debt, participating in or directing as required, the
preparation of official statements for the bond issue setting forth financial and other information
about the Airport and the issue,participating in drafting of documents utilized by the Airport in its
financings,providing strategic and support in engaging rating agencies and investors to help ensure a
successful marketing, sale and issuance of bonds, and monitoring and evaluating investment banks'
marketing,pricing and closing of transaction summarized in the follow-up analysis of the final sale.
PREVIOUS RELEVANT BOCC ACTION: On February 20, 2019 the BOCC grant approval on
February 20, 2019 to apply for PFC 918 which included 100%PFC funding of the Terminal
Expansion Design Phase 1, and on September 18, 2019, the BOCC approved Jacobs Project
Management Co.'s Task Order No.12/15-45 in the amount of$919,503.00 for data collection,
programming,planning and 15% schematic design of a new second-floor Concourse"A" to the
north of the existing terminal facility to accommodate new hold rooms, concession spaces,
restrooms, and passenger loading bridges. The preliminary design defined the project scope,
operational parameters, and phasing.
CONTRACT/AGREEMENT CHANGES:
n/a
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C.33
STAFF RECOMMENDATION: Approval.
DOCUMENTATION:
FINANCIAL IMPACT:
Effective Date:
Expiration Date:
Total Dollar Value of Contract: approx. $650 to advertise the RFQ and public notice of the
committee ranking meeting
Total Cost to County: -0-
Current Year Portion: approx. $650.00
Budgeted:
Source of Funds: Airport Operating Fund 404
CPI:
Indirect Costs:
Estimated Ongoing Costs Not Included in above dollar amounts:
Revenue Producing: If yes, amount:
Grant:
County Match:
Insurance Required: no
Additional Details:
10/21/20 404-63001 - KEY WEST AIRPORT O & M $650.00
REVIEWED BY:
Beth Leto Completed 10/05/2020 2:09 PM
Richard Strickland Completed 10/05/2020 2:56 PM
Pedro Mercado Completed 10/05/2020 4:55 PM
Purchasing Completed 10/05/2020 5:01 PM
Budget and Finance Completed 10/05/2020 5:28 PM
Maria Slavik Completed 10/05/2020 6:51 PM
Liz Yongue Completed 10/06/2020 9:05 AM
Board of County Commissioners Pending 10/21/2020 9:00 AM
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