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Item 23 - Pension Debt Refinancing Update and Underwriter Selection
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Item 23 - Pension Debt Refinancing Update and Underwriter Selection
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4/9/2024 4:32:45 PM
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Agenda Packet
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Clerk of the Council
Item #
23
Date
5/18/2021
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(9)CITY OF SANTA ANA <br />The City shall not be obligated to accept the lowest priced proposal, but will make an award <br />in the best interests of the City of Santa Ana after all factors have been evaluated. <br />D. Those firms considered most qualified to provide the desired services based on an <br />evaluation of the written proposals may be invited for an interview. Only those individuals <br />who will be involved with this project throughout its duration should be present at the <br />interview. <br />E. Finance staff will recommend the top ranked consulting firm to the City Manager or City <br />Council for award of contract. <br />XI. WITHDRAWALS <br />Proposers are responsible for verifying all prices and information before submitting a proposal. <br />Prior to the proposal due date, the Proposer or Proposer's representative may withdraw the <br />proposal by providing written notice of the proposal withdrawal to the City Contact/Project <br />Manager. Verbal or telephonic withdrawals are not permissible. <br />XII. LIMITATIONS <br />This RFP does not commit the City to award a contract, to defray any costs incurred in the <br />preparation of a Proposal pursuant to this RFP, or to procure or contract for work. <br />All Proposals submitted in response to this RFP become the property of the City and public <br />records, and as such may be subject to public review. <br />The City reserves the right to cancel or revise, in part or in its entirety, this RFP including but <br />not limited to: selection schedule, submittal date, and submittal requirements. If the City cancels <br />or revises the RFP, all RFP holders of record will be notified in writing. <br />The City reserves the right to request additional information and/or clarifications from any or <br />all responders to this RFP. <br />XIII. PROTESTS <br />Proposers may file a "protest" to an RFP with the City's assigned Project Manager. In order for <br />a Proposer's protest to be considered valid, the protest must: <br />Be filed in writing within five (5) business days of either the RFP issued date or <br />before 5:00 p.m. of the 5th business day following the posting of RFP <br />Results/Notice of Intent to Award Contract on the City's website; <br />2. Clearly identify the specific irregularity or accusation; <br />3. Clearly identify the specific City staff determination or recommendation being <br />protested; <br />4. Specify, in detail, the grounds of the protest and the facts supporting the protest; <br />and <br />5. Include all relevant, supporting documentation with the protest at time of filing. <br />RFP No. 21-025 Underwriting Services for Pension Refinancing Bonds Page 13 of 24 <br />
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