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EVERETT CITY COUNCIL AGENDA ITEM COVER SHEET 3 <br /> PROJECT TITLE: <br /> RFQ 2014-045 Financial Briefing COUNCIL BILL# <br /> Advisor for Debt Issuance Proposed Action Originating Department Purchasing <br /> Consent Contact Person Clark Langstraat <br /> Action Phone Number (425)257-8901 <br /> First Reading FOR AGENDA OF May 7,2014 <br /> Second Reading <br /> Third Reading <br /> Public Hearing <br /> Budget Advisory Initialed by: <br /> Department Head <br /> CAA <br /> Council President <br /> Location Preceding Action Attachments Department(s)Approval <br /> Finance Draft RFQ Finance <br /> Amount Budgeted $0 <br /> Expenditure Required $0 Account Number(s): <br /> Budget Remaining $0 <br /> Additional Required $0 <br /> DETAILED SUMMARY STATEMENT: <br /> The City's long-standing financial advisor for debt issuance,Jane Towrey,has retired. Finance is seeking a <br /> replacement to assist in the City's debt issuance process,including,but not limited to,preparing Preliminary <br /> and Final Official Statements,providing analysis of market interest rates based on the City's bond rating, and <br /> facilitating the online competitive bidding process and final award. <br /> RECOMMENDATION (Exact action requested of Council): <br /> Authorize RFQ 2014-045 for a Financial Advisor for Debt Issuance. <br /> 5 <br />