Agenda 12/11/2012 Item #16F212/11/2012 Item 16.F.2.
EXECUTIVE SUMMARY
Recommendation to extend Public Financial Management's (PFM) financial
advisory services contract (08 -5081) for six months to June 15, 2013 allowing for
services to be provided on pending debt restructuring under consideration by the
Finance Committee while public request for proposals covering a new financial
advisory services contract are solicited.
OBJECTIVE: Extend PFM's current contract which expires December 15, 2012 for six
months to cover planned debt restructuring while a new financial advisory services
contract is publically solicited.
CONSIDERATIONS: The current financial advisory services contract with PFM dated
December 16, 2008 (see attached) covered an initial two year period and was renewed for
two one year periods in accordance with terms of the agreement. Staff is in the process of
soliciting public proposals for a new agreement and would request the Board's
authorization to extend PFM's current contract for six months to June 15, 2013 pursuant
to the County's purchasing policy (XV Contract Administration, D Contract Extension)
to cover financial advisory services in connection with planned debt restructuring
currently under consideration by the Finance Committee. This extension will also allow
sufficient time to prepare and market the request for proposal document publically to
interested and qualified independent financial advisory firms.
FISCAL IMPACT: The average cost paid annually to PFM under the current contract
since FY 2007 totals $53,769. Attached is a schedule which depicts payouts to this firm
since FY 2007. The Finance Committee is currently considering restructuring two Public
Utility debt issues and financial advisory services will likely be required within the six
month extension window.
GROWTH MANAGEMENT IlVIPACT: None
LEGAL CONSIDERATIONS: This item has been reviewed by the Count Attorney, is
legally sufficient, and requires majority vote for approval. -JAK
RECtiMMENII_ ATION: That -the Board authorize a six month extension of contract
{W508I)-with. Public Financial Management to June 15, 2013.
Prepared by: Mark Isackson, Director of Corporate Finance and Management Services,
County Manager's Office
Packet Page -4168-
12/11/2012 Item 161.2.
COLLIER COUNTY
Board of County Commissioners
Item Number: 16.F.2.
Item Summary: Recommendation to extend Public Financial Management "s (PFM)
financial advisory services contract (08 -5081) for six months to June 15, 2013 allowing for
services to be provided on pending debt restructuring under consideration by the Finance
Committee while public request for proposals covering a new financial advisory services
contract are solicited.
Meeting Date: 12/11/2012
Prepared By
Approved By
Name: MarkiewiczJoanne
Title: Manager - Purchasing Acquisition,Purchasing & Gene
Date: 12/5/2012 10:06:55 AM
Name: KlatzkowJeff
Title: County Attorney
Date: 12/5/2012 11:41:46 AM
Name: OchsLeo
Title: County Manager
Date: 12/5/2012 12:54:13 PM
Packet Page -4169-
12/11/2012 Item 161.2.
A G R E E M E N T 08-5081
for
Financial Advisory Services
THIS AGREEMENT, made and entered into on this lea ' day of Dgc ,.L6 2008,
by and between Public Financial Management, Inc., authorized to do business in the State of
Florida, whose business address is 12730 New Brittany Boulevard, Suite 439, Fort Myers,
Florida 33907 -4685, hereinafter called the "Consultant" and Collier County, a political
subdivision of the State of Florida, Collier County, Naples, hereinafter called the "County ":
WITNESSETH:
1. COMMENCEMENT. This Agreement shall commence upon award by the Board of
County Commissioners.
The contract shall be for a two (2) year period, commencing on date of award by the
Board of County Commissioners, and terminating two (2) years from that date. The
County, at its discretion, shall have the option to renew this Agreement after the initial
term for two (2) additional one (1) year terms. Such renewals shall be under the same
terms and conditions as this Agreement. If changes in the terms or conditions are
negotiated, said renewal(s) will be contingent upon an amendment approved by the
parties in writing and approved by the Board of County Commissioners. The County
shall give the Consultant written notice of the County's intention to renew the
Agreement term not less than ten (10) days prior to the end., of the Agreement term then
in effect.
2. STATEMENT OF WORK The Consultant shall provide financial advisory services in
accordance with the terms and conditions of RFP #08 -5081 and the Consultant's
proposal referred to herein and made an integral part of this agreement. This
Agreement contains the entire understanding between the parties and any
modifications to this Agreement shall be mutually agreed upon in writing by the
Consultant and the County Project Manager or his designee, in compliance with the
County Purchasing Policy and Administrative Procedures in effect at the time such
services are authorized.
3. COMPENSATION. -The County shall pay the Consultant for the performance of this
Agreement'upon completion of the work as accepted and approved by the Director of
the Office of Management and Budget or his designee. Payment will be made pursuant
to the price schedule offered by the Consultant in Attachment "A ", hereto attached and
Page 1 of 7
Packet Page -4170-
12/11/2012 Item 161.2.
incorporated herein by reference, together with the cost of any other charges /fees
submitted in the proposal. Payments shall be made to the Consultant when requested
as work progresses but not more frequently than once per month. Payment will be
made upon receipt of a proper invoice and in compliance with Chapter 218, Florida.
Statutes, otherwise known as the "Local Government Prompt Payment Act ".
Any County agency may purchase services under this Agreement, provided sufficient
funds are included in their budget(s).
4. TRAVEL AND REIMBURSABLE EXPENSES. Travel expenses shall be reimbursed as
per Section 112.061 Fla. Stats.
Reimbursements shall be at the following rates:
Mileage
$0.445 per mile
Breakfast
$6.00
Lunch
$11.00
Dinner
$19.00
I Airfare
Actual ticket cost
Rental car
Actual rental cost
i Lodging
Actual cost of lodging at single
occupancy rate
Parking I
Actual cost of parking
Taxi or Airport
Limousine
Actual cost of either taxi or airport
limousine
Reimbursable items other than travel expenses shall ' be limited to the following.
telephone long- distance charges, fax charges, photocopying charges and postage.
Reimbursables will be paid only after Consultant has provided all receipts. Consultant
shall be responsible for all other costs and expenses associated with activities and
solicitations undertaken pursuant to this Agreement.
5. SALES TAX. Consultant shall pay all sales, consumer, use and other similar taxes
associated with the Work or portions thereof, which are applicable during the
performance of the Work.
6. NOTICES. All notices from the County to the Consultant shall be deemed duly served
if mailed or faxed to the Consultant at the following Address:
Hal W. Canary, CPA
Public Financial Management, Inc.
12730 New Brittany Boulevard, Suite 349
Fort .Myers, Florida 33907 -4685
Fax: 239- 939 -1220
Page 2 of 7
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12/11/2012 Item 161.2.
All Notices from the Consultant to the County shall be deemed duly served if mailed or
faxed to the County to:
Collier County Government Center
Office of Management and Budget
3301 Tamiami Trail, East
Naples, Florida 34112
Facsimile: 239- 252 -8828
The Consultant and the County may change the above mailing address at any time
upon giving the other party written notification. All notices under this Agreement
must be in writing.
7. NO PARTNERSHIP. Nothing herein contained shall create or be construed as creating
a partnership between the County and the Consultant or to constitute the Consultant as
an agent of the County.
8. PERMITS: LICENSES: TAXES. In compliance with Section 218.80, F.S., all permits
necessary for the prosecution of the Work shall be obtained by the Consultant. Payment
for all such permits issued by the County shall be processed internally by the County.
All non- County permits necessary for the prosecution of the Work shall be procured
and paid for by the Consultant. The Consultant shall also be solely responsible for
payment of any and all taxes levied on the Consultant. In addition, the Consultant shall
comply with all rules, regulations and laws of Collier County, the State of Florida, or the
U. S. Government now in force or hereafter adopted. The Consultant agrees to comply
with all laws governing the responsibility of an employer with respect to persons
employed by the Consultant.
9. NO IMPROPER USE. The Consultant will not use, nor suffer or permit any person to
use in any manner whatsoever, County facilities for any improper, immoral or offensive
purpose, or for any purpose in violation of any federal, state, county or municipal
ordinance, rule, order or regulation, or of any governmental rule or regulation now in
effect or hereafter enacted or adopted. In the event of such violation by the Consultant
or if the County or its authorized representative shall deem any conduct on the part of
the Consultant to be objectionable or improper, the County shall have the right to
suspend the contract of the Consultant. 'Should the Consultant fail to correct any such
violation, conduct, or practice to the satisfaction of the County within twenty -four (24)
hours after receiving notice of such violation, conduct, or practice, such suspension to
continue until the violation is cured. The Consultant further agrees not to commence
operation during the suspension period until the violation has been corrected to the
satisfaction of the County.
10. TERMINATION. Should the Consultant be found to have failed to perform his
services in a manner satisfactory to the County as per this Agreement, the County may
terminate said agreement immediately for cause; further the County may terminate this
Page 3 of
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12/11/2012 Item 161.2.
Agreement for convenience with a thirty (30) day written notice. The County shall be
sole judge of non-performance,
11. NO DISCRIMINATION. The Consultant agrees that there shall be no discrimination
as to race, sex, color, creed or national origin.
12. INSURANCE. The Consultant shall provide insurance as follows:
A. Commercial General Liability Coverage shall have minimum limits of $1,000,000
Per Occurrence, Combined Single Limit for Bodily Injury Liability and Property
Damage Liability. This shall include Premises and Operations; Independent
Consultants; Products and Completed Operations and Contractual Liability.
B. Business Auto Liability: Coverage shall have minimum limits of $500,000 Per
Occurrence, Combined Single Limit for Bodily Injury Liability and Property
Damage Liability. This shall include: Owned Vehicles, Hired and Non-Owned
Vehicles and Employee Non - Ownership.
C. Workers' Compensation: Insurance covering all employees meeting Statutory
Limits in compliance with the applicable state and federal laws.
n D. Professional Liability: Coverage shall have minimum limits of $1,000.000.
13.
Special Requirements: Collier County shall be listed as the Certificate Holder and
included as an Additional Insured on the Comprehensive General Liability
Policy.
Current, valid insurance policies meeting the requirement herein identified shall
be maintained by Consultant during the duration of this Agreement. Renewal
certificates shall be sent to the County thirty (30) days prior to any expiration date.
There shall be a thirty (30) day notification to the County in the event of
cancellation or modification of any stipulated insurance coverage.
Consultant shall insure that all subConsultants comply with the same insurance
requirements that he is required to meet. The same Consultant shall provide
County with certificates of insurance meeting the required insurance provisions.
INDEMNIFICATION. To the maximum extent permitted by Florida law, the
Consultant shall indemnify and hold harmless Collier County; its officers and
employees from any and all liabilities, damages, losses and costs, including, but not
limited to, reasonable attorneys fees and paralegals' fees, to the extent caused by the
negligence, recklessness, or intentionally wrongful conduct of the Consultant or anyone
employed or utilized by the Consultant in the performance of this Agreement. This
indemnification obligation shall not be construed to negate, abridge or reduce any other
rights or remedies which otherwise may be available to an indemnified party or person
12/11/2012 Item 161.2.
This section does not pertain to any incident arising from the sole negligence of
Collier County.
14. CONTRACT ADMINISTRATION. This Agreement shall be administered on behalf
of the County by the Office of Budge and Management Department.
15. CONFLICT OF INTEREST: Consultant represents that it presently has no interest and
shall acquire no interest, either direct or indirect, which would conflict in any manner
with the performance of services required hereunder. Consultant further represents
that no persons having any such interest shall be employed to perform those services.
16. COMPONENT PARTS OF THIS CONTRACT. This Contract consists of the attached
component parts, all of which are as fully a part of the contract as if herein set out
verbatim: Consultant's Proposal, Insurance Certificate, RFP #08 -5081 Specifi-
cations /Scope of Services, Addenda and Exhibit A.
17. SUBTECT TO APPROPRIATION. It is further understood and agreed by and between
the parties herein that this agreement is subject to appropriation by the Board of County
Commissioners.
18. PROHIBITION OF GIFTS TO COUNTY EMPLOYEES. No organization or
individual shall offer or give, either directly or indirectly, any favor, gift, loan, fee,
service or other item of value to any County employee, as set forth in Chapter 112,
Part III, Florida Statutes, Collier County Ethics Ordinance No. 2004 -05, and County
Administrative Procedure 5311. Violation of this provision may result in one or more
of the following consequences: a. Prohibition by the individual, firm, and /ox any
employee of the firm from contact with County staff for a specified period of time; b.
Prohibition by the individual and/or firm from doing business with the County for a
specified period of time, including but not limited to: submitting bids, RFP, and/or
quotes; and, c. immediate termination of any contract held by the individual and /or
firm for cause.
19. IMMIGRATION LAW COMPLIANCE. By executing and entering into this agreement,
the Consultant is formally acknowledging without exception or stipulation that it is
fully responsible for complying with the provisions of the Immigration Reform and
Control Act of 1986 as located at 8 U.S.C. 1324, et seq. and regulations relating thereto,
as either may be amended. Failure by the Consultant to comply with the laws
referenced herein shall constitute a breach of this agreement and the County shall have
the discretion to unilaterally terminate this agreement immediately.
20. OFFER EXTENDED TO OTHER GOVERNMENTAL ENTITIES, Collier County
encourages and agrees to the successful proposer extending the pricing, terms and
conditions of this solicitation or resultant contract to other governmental entities at the
discretion of the successful proposer.
Page 5 of 7
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12/11/2012 Item 161.2.
21. AGREEMENT TERMS. If any portion of this Agreement is held to be void, invalid, or
otherwise unenforceable, in whole or in part, the remaining portion of this Agreement
shall remain in. effect.
22. ADDITIONAL ITEMS/SERVICES. Additional items and /or services may be added to
this contract upon satisfactory negotiation of price by the Contract Manager and
Contactor.
23. DISPUTE RESOLUTION. Prior to the initiation of any action or proceeding permitted
by this Agreement to resolve disputes between the parties, the parties shall make a
good faith effort to resolve any such disputes by negotiation. The negotiation shall be
attended by representatives of Consultant with full decision- making authority and by
County's staff person who would make the presentation of any settlement reached
during negotiations to County for approval. Failing resolution, and prior to the
commencement of depositions in any litigation between the parties arising out of this
Agreement; the parties shall attempt to resolve the dispute through Mediation before
an agreed -upon Circuit Court Mediator certified by the State of Florida. The mediation
shall be attended by representatives of Consultant with full decision - making authority
and by County's staff person who would make the presentation of any settlement
reached at mediation to County's board for approval. Should either party fail to
submit to mediation as required hereunder, the other party may obtain a court order
requiring mediation under section 44.102, Fla. Stat.
Any suit or action brought by either party to this Agreement against the other party
relating to or arising out of this Agreement must be brought in the appropriate federal
or state courts in Collier County, Florida, which courts have sole and exclusive
jurisdiction on all such matters.
24. KEY PERSONNEL/PROTECT-STAFFING: The proposer's personnel and management
to be utilized for this Agreement shall be knowledgeable in their areas of expertise.
The County reserves the right to perform investigations as may be deemed necessary
to insure that competent persons will be utilized in the performance of this
Agreement. Selected firm shall assign as many people as necessary to complete the
assignments on a timely basis, and each person assigned shall be available for an
amount of time adequate to meet the dates required by each assignment. Firm shall
not change Key Personnel unless the following conditions are met: (1) Proposed
replacements have substantially the same or better qualifications and /or experience.
(2) that the County is notified in writing as far in advance as possible. Firm shall make
commercially reasonable efforts to notify Collier County within seven (7) days of the
change. The County retains final approval of proposed replacement personnel.
IN WITNESS WHEREOF, the Consultant and the County, have each, respectively, by an
authorized person or agent, hereunder set their hands and seals on the date and year first above
written.
Page 6 of 7
Packet Page -4175-
ATTEST:
Dwighq B oe lex Cbf o
By, . y _
Dated:
Atust is to "p�t1t "t
signature ontt
1
First Witness Qj
TType /print witness riarheT
Second Witness
IY1cc:� a+1+ vCC
TType /print witness narneT
Approved as to.form and
legal sufficiency_:
12/11/2012 Item 161.2.
BOARD OF COUNTY COMMISSIONERS
COLLIER COUNTY, FLORIDA
By:
om Henning, hair an
Public Financial Management, Inc.
onsultant
Y.
Signature
1414,-IV&IA f�Z C ✓ -M
Typed signature and title
Packet Page -4176-
12/11/2012 Item 16.17.2.
AMPFM' Exhibit A
Cost Proposal
Pricing shell be inclusive of all costs and shall be full compensation for
all services, labor, tools, equipment, local travel (within 'Lee and Collier
County) and any outer items required for project completion and/or
completion of services. rravel expenses outside of Lee and Collier
County shall be reimbursed pursiiant to Section 112.061,
Flag -ida S•ta.6utes.
For all services not directly related to the issuance of bonds or notes:
1. Hourly rate for time and services for all officers, Senior Vice Presidents
and First Vice Presidents: $200.00thour
2. Hourly rate for time and services for all financial and computer analysts:
$175.00/hour
3. Alternative cost to above hourly fees in the form of a monthly retainer.
$ 52 00.00 month"
'Note: Some clients prefer a retainer as a means of 'budgetary certainty'
and'unimposed access" to call on PFM at any time.
4. For all services related to the issuance of bonds or notes issued by the
County, regardless of the manner of sale:
Amount of Debt Fee per $1,000
For the first $10,000,000 $0750
For the next $10,000,000 $2.75
Amounts above $20,000,000 $0_ts5
.Maximum fee per any singular issue $80,000.00
Structured Products, Investment Advisory, and arbitrage Rebate
Services
The financial advisory, compensation proposed above does not apply to
services related to procurement of bond proceeds investments or other
structured products, investment management, or arbitrage rebate. Fees for
these special services shall be negotiated as a function of the complexity of
the proposed engagement and the specific scope of services outlined. PFM
Asset Management, LLC, registered investment advisor, is prepared to offer
the City its. full range of structured products, investment management and
arbitrage rebate compliance services. This might include the procurement of
structured products or other investment securities for a bond construction
account or refunding escrow. If needed, these services would be performed
by PFM Asset Management, LLC pursuant to a separately negotiated letter
agreement. PFM Asset Management, LLC fully discloses all fees related to
any transaction.
Collier County, Florida - RFP 908.5081 — Proposal for Rnandal Advisory Services 113
Packet Page -4177-
rnt__au...sn.�no
12/11/2012 Item 16.F.2.
DIIQI CI
ACORD. CERTIFICATE OF LIABILITY INSURANCE
;; 2618D°"Y"'
PRODUCER
Frank Crystal & Co., Inc.
Financial Square
32 Old Slip
New York, NY 10005
THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION
ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE
HOLDER. THIS CERTIFICATE DOES NOT AMEND, EXTEND OR
ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW.
INSURERS AFFORDING COVERAGE
NAIC 0
INSURED
Public Financial Management, Inc.
Two Logan Square; Suite 1600
18th and Arch Streets
Philadelphia, PA 19103
INSURER A: Great Northern Ins. CO.
POLICY ION
DATE fUMIDDlIn
INSURER E: Federal Insurance Company
A
INSURER C: Pacific Indemnity Co.
GENERAL LIABILITY
INSURER D:
11/30108
INSURER E:
EACH OCCURRENCE
THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMEO ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING
ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR
MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSI INS AND CONDITIONS OF SUCH
POLICIES. AGGREGATE LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS.
TR INSKrD
NSWN
TYPE OF INSURANCE
PDUCYNUMB6t
POLICY EFFECTIVE
POLICY ION
DATE fUMIDDlIn
LIMITS
A
GENERAL LIABILITY
35363950
11/30108
11/30/09
EACH OCCURRENCE
$1,000,000
DAMAGE TO RENTED,)
$1 000,000
X COMMERCIAL GENERAL LIABILITY
MED EXP (Any one erson)
$10,000
CLAIMS MADE Q OCCUR
PERSONAL & ADV INJURY
$1,900,000
GENERAL AGGREGATE
$2,000,000
GEN'L AGGREGATE LIMIT APPLIES PER
-
PRODUCTS - COMPlOP AGG
sincluded
X POLICY PRO. LOC
JECT
B
AUTOMOBILE
LIABILITY
ANY AUTO
73248555
11/30/08
11130/09
COMBNED SINGLE LIMIT
(Ea aeMdent)
s1 ,000,000
BODILY INJURY
(Par person)
S
ALL OWNED AUTOS
SCHEDULED AUTOS
BODILY INJURY
.(Per esddent)
S
X
-X
HIRED AUTOS -
NON -OWNED AUTOS
_
PROPERTY DAMAGE
(Par saddent) -
S
"
GARAGE LIABILITY
AUTO ONLY - EA ACCIDENT
$
OTHER THAN EAACC
$
ANY -
S
AUTO ONLY: AGO
B
EXCESSIUMBRELLA LIABILITY
79774080
11/30/08
11/30109
EACH OCCURRENCE
$10,000,000
AGGREGATE
S10,000.000
7X OCCUR F-1 CLAIMS MADE
5
+`-
S
DEDUCTIBLE -
S
RETENTION S
C
WORKERS COMPENSATION AND
71642435
11130108
11/30/09
X WCA�- oTH•
E.L. EACH ACCIDENT
S1,000,000
EMPLOYERS' LIABILITY
ANY PROPRIETORIPARTNERIEXECUrIVE
OFMCERIMEMBER EXCLUDED?
E.L. DISEASE - EA EMPLOYEE
51.000;000
E.L. DISEASE - POLICY LIMIT
I S1,000,000
If yes, describe under
SPECIAL PROVISIONS below
OTHER
DESCRIPTION OF OPERATIONS I LOCATIONS I VEHICLES EXCLUSIONS ADDED BY ENDORSEMENT ISPECIAL PROVISIONS
RE: Agreement #08 -.5081 Financial Advisory Services
It is hereby understood and agreed that Collier County Is included as an
Additional Insured with respect to the General Liability coverage only.
(See Attached Descriptions)
GtK I I V IUA l t: M ULUtR t:AARaLLA I IU"
SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION
Collier County Government: DATE THEREOF, THE ISSUING INSURER WILL M05900= MAIL 3 DAYS WRITTEN
Purchasing Building NOTICE TO THE CERTIFICATE HOLDER NAMED TO THE LEFT,
3301 E. Tamiami Trait x
Naples, FL 34112
AUT14ORUED REPRESENTATIVE
ACORD 25 (2001108) 1 of 3 #M256563 JDM a ACORD CORPORATION 1988
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12/11/2012 Item 16.F.2.
IMPORTANT
If the certificate holder is an ADDITIONAL INSURED, the policy(ies) must be endorsed. A statement
on this certificate does not confer rights to the certificate holder in lieu of such endorsement(s).
If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain policies may
require an endorsement. A statement on this certificate does not confer rights to the certificate
holder in lieu of such endorsement(s).
DISCLAIMER
The Certificate of Insurance on the reverse side of this form does not constitute a contract between
the issuing insurer(s), authorized representative or producer, and the certificate holder, nor does It
affirmatively or negatively amend, extend or alter the coverage afforded by the policies listed thereon.
.vrcu Zov tzvuuunl 2 of 3 #M256563
Packet Page -4179-
Non -Owned & Hired Automboile and Workers compensation - Evidence of
coverage only
AMS 25.3 (2001108) 3 of 3 #M256563
Packet Page -4180-
12/11/2012 Item 161.2.
nr....w/. Deans
Di 1911 FI
12/11/2012 Item 16.F.2.
ACORDra CERTIFICATE OF LIABILITY INSURANCE
11261( o° °' ")
PRODUCER
Frank Crystal & Co., Inc.
Financial Square
THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION
ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE
HOLDER. THIS CERTIFICATE DOES NOT AMEND, EXTEND OR
ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW.
32 Did Slip
INS2
TYPE OF INSURANCE
New York, NY 10005
INSURERS AFFORDING COVERAGE
NAIC #
INSURED
INSURER A: Indian Harbor Insurance Co.
Public Financial Management, Inc.
Two Logan Square, Suite 160D; 18th and
Arch Streets
Philadelphia, PA 19103
INSURER B:
INSURER C:
EACH OCCURRENCE
INSURER D:
INSURER E:
COMMERCIAL GENERAL LIABILITY
CLAIMS MADE OCCUR
THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING
ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR
MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH
POLICIES. AGGREGATE LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS,
LTR
INS2
TYPE OF INSURANCE
POLICY NUMBER
POLICY EFFECTIVE
POIT Y EXPIRATION
LIMITS
GENERAL LIABILITY
EACH OCCURRENCE
S
COMMERCIAL GENERAL LIABILITY
CLAIMS MADE OCCUR
DAMAGE TO RENTED
el
Yore
S
MED EXP ((.Any person)
S
PERSONAL 8 ADV INJURY
$
GENERAL AGGREGATE
S
GEN1 AGGREGATE LIMIT APPLIES PER:
PRODUCTS - COMP /OP AGG
S
POLICY 7 2.0T LOC
AUTOMOBILE
LIASIUTY
ANY AUTO
COMBINED SINGLE LIMIT
(Ea aoddent)
3
BODILY INJURY
(Per person)
i
AL OWNED AUTOS
SCHEDULED AUTOS
BODILY INJURY
(Per owoent)
S
HIRED AUTOS
NON -OWNED AUTOS
PROPERTY DAMAGE
(Par awdert)
3
-
—
GARAGE LIABILITY
AUTO ONLY - EA ACCIDENT
S
- EAACC
OTHER THAN
S
ANY AUTO
-
S
AUTO ONLY: AGG
EXCESWUMBRELLA LIABILITY
EACH OCCURRENCE
S
AGGREGATE
_
$
OCCUR 0.0-AIMS MADE
_
S .
6
DEDUCTIBLE
S
RETENTION S
WORKERS COMPENSATION AND
WC STATLL OTH-
EMPIDYERS' LIABILITY
E.L. EACH ACCIDENT
$
ANY PROPRIETORIPARTNERIEXECUTIVE
E.L. DISEASE • EA EMPLOYEE
$
OFFICERIMEMRER EXCLUDED?
if Yye desuibe under
SPECIAL PROVISIONS below
E.L. DISEASE • POLICY LIMIT
S
A
OTHER Professional
BINDER464006
11/30/08
11130/09
Limit of Liability
Liability
$1,000,000
DESCRIPTION OF OPERATIONS I LOCATIONS I VEHICLES I EXCLUSIONS ADDED BY ENDORSEMENT I SPECIAL. PROVISIONS
Evidence of Coverage Only
The Professional Liability Policy is non - cancelable by the Insurer,
Collier Country Government
Center of Management and Budget
3301 Tamlami Trail, East
Naples, Florida 34112
•••.�•RU �� I��v rrvof 1 OT z 0256865
LD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION
THEREOF, THE ISSUING INSURER WILL ENDEAVOR TO MAIL. n1r DAYS WRITTEN
'E TO THE CERTIFICATE HOLDER NAMED TO THE LEFT, BUT FAILURE TO DO SO SHALL
IE NO OBLIGATION OR LIABILITY OF ANY KIND UPON THE INSURER, ITS AGENTS OR
AUTHORIZED REPRESENTATIVE I
Packet Page -4181-
CM5 ® ACORD CORPORATION 1988
12/11/2012 Item 16.17.2.
IMPORTANT
If the certificate holder is an ADDITIONAL INSURED, the policy(ies) must be endorsed. A statement
on this certificate does not confer rights to the certificate holder in lieu of such endorsement(s).
If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain policies may
require an endorsement. A statement on this certificate does not confer rights to the certificate
holder in lieu of such endorsement(s).
DISCLAIMER
The Certificate of Insurance on the reverse side of this form does not constitute a contract between
the issuing insurer(s), authorized representative or producer, and the certificate holder, nor does it
affirmatively or negatively amend, extend or alter the coverage afforded by the policies listed thereon.
AcaRD 25S (2001108) 2 of 2 1#256865
Packet Page -4182-
LI
12/11/2012 Item 161.2.
CO ICY
Administrative Services Division
Purchasing
December 4; 2012
Mr. Sergio Masvidal
The PFM Group
2121 Ponce De Leon Blvd, Suite 510
Coral Gables, FL 33134
Fax: 305- 448 -7131
Email: masvidats(cr7Rublicfm cam
Re: Extension of Contract # 08- 5081 "Financial Advisory Services for Collier County"
Dear Mr. Masvidal:
The above contract will expire December 15, 2012, In order to maintain required service levels in
^
the, interim, we request an extension of your contract as provided for in the Collier County
Purchasing Policy until June 15, 2013 or until the new contract is awarded, whichever is sooner.
The previous contract will be terminated on issuance of the new contract. This extension is
contingent upon Board approval.
If you are agreeable to extension of the referenced contract, please indicate your intentions by
providing the appropriate information as requested below:
V I am agreeable to extending the present contract for the time period
indicated under the same terms and conditions as the existing contract.
I am not agreeable to extension of this contract.
P€4Chasin9DeparVW4. 3327 Tarmami Trail East. Naples, Florida 341112-4901 mm— milierquvneUpurchasing
Packet Page -4183-
12/11/2012 Item 161.2.
Page 2 of 2
Re: Extension of Contract # 08 -5081 "Financial Advisory Services for Collier County"
Your prompt attention is urgently requested. Please return this letter to the Purchasing
Department, with your response as soon as possible. You may fax your response to: 239 -252-
6592 or email brendareaves(5colliergov.net. If you have any questions you may contact me at
239.252.6020.
Best regards,
• fir..- •e.._.. �'v `�c
-j10 a Markiewicz Lr!«
interim Director — Purchasing / GerreraF ervices
Acceptance:
The PFM Group
ContractorNendor
By:
yam^ Signaturee(/� /
Typed Name and Title
(Corporate Officer)
Date: 12 �ZZIJ____
C: Mark Isackson, OMB
Packet Page -4184-
Average Over Six Years Paid to Public Financial Management. Inc. (PFM)
Payment Date Amount
10/04/2007
10/09/2007
10/25/2007
`10/26/2007
11/02/2007
11/21/2007
02/11/2008
04/23/2008
06/11/2008
12/15/2008
02/11/2009
10/16/2009
11/18/2009
02/19/2010
08/19/2010
n 06/03/2011
03/09/2012
06/29/2012
09/14/2012
$85,204.39
Total FY -2007
15,044.37
Financial Advisory Fee Forest Lakes MSTU
480.00
10,000.00
6,850.00
15,044.37
7,428.00
336.00
160.00
1,572.32
$56,915.06
Total FY -2008
2,658.55
3,869.78
$6,528.33
Total FY -2009
10,692.20
9,374.43
808.51
$62,507.31 total FY -2010
18,503.00
$18,503.00 Total FY -2011
62,653.55
2,462.50
27,841.23
$92,957.28 Total FY -2012
$53,769.23 FY -2007 to FY -2012 Average
Packet Page -4185-
12/11/2012 Item 16.17.2.