EYW-2024-9 Financial Advisory & Consulting PURCHASE/SERVICE ORDER
FOR
MONROE COUNTY, FLORIDA
Effective Date: Upon Execution Purchase/Service Order No. EY4✓~J-2.02.4-9
Client Project No.:404-630203-GiQ04
Project Name: Key West International Air ort_Financial Advise and Consult'in Service's
Description of Services: Frasca &Associates, LLC(Frasca)will assist the Airport with ongoing monitoring,
analysis and reporting of financial matters related to the Concourse A Expansion and Terminal
Improvement Project("Project"),the Series 2022 Bonds,the PNC Line of Credit and other strategic
financial matters related to the Airport. Frasca will provide the following services:
• Monitor and update the Project cash flows and Airport-wide cash flows to ensure compliance
with the Airport's Bond Ordinance,
• Coordinate with the Airport Finance and Project Delivery teams regarding the timing and
payment of project expenses,
• Assist the Airport with monitoring the usage of AIP, BIL,and FDOT grants, PFCs, bond proceeds
and other funding sources,
• Monitor and report Project and Airport-wide cash flows on a monthly basis,
• Assist the Airport with required disclosures as it relates to the Series 2022 Bonds and PNC Line
of Credit,
• Assist the Airport with the preparation of financial and activity reports,
• Lead the preparation for and presentation of rating agency updates,
• As requested, prepare and deliver Project financial updates to the BOCC,airlines,and other
stakeholders,
• Support the Airport in evaluating strategic initiatives as requested by the Airport and/or County,
• Ongoing support and other assistance that may be requested by the Director of Airports,from
time to time,and which is not otherwise authorized under a then effective Purchase/Service
Order(PSO) between Frasca and the County.
Days to Complete: 365 days Lump Sum Fee: `49 000
Witness: Consultant:
Name: Marvin Sun Name: Ken Cushine
Date: JanuiarV 9 2024 Date: January 9,2Ct24
Accepted by: Approved by:
4rector of Airports Asset./County Administrator
Date: 1.18.2024 Date: 01.22.2024
6 POE COUNTY ATTOnNEY
A. )IOV'C �4PT, icy
PC J.
-MERCADG---y
A88t i ATMRNEY
Date 1/19/24