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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) <br />CITY OF SANTA ANA <br />label all or part of a proposal as "CONFIDENTIAL" provided that the Proposer thereby <br />agrees to indemnify and defend the City for honoring such a designation. The failure to so <br />label any information that is released by the City shall constitute a complete waiver of any <br />and all claims for damages caused by any release of the information. Proposer information <br />identified as proprietary shall be maintained confidential, to the extent allowed under the <br />California Public Records Act. <br />S. SUBCONTRACTORS <br />Proposals in response to this RFP must identify any Subcontractors, and outline the <br />contractual relationship between the Awarded Subcontractor and each Subcontractor. An <br />official of each proposed Subcontractor must sign, and include as part of the proposal <br />submitted by the Prime Contractor, a statement to the effect that the Subcontractor has read <br />and will agree to abide by the awarded Contractor's obligations. Any Subcontractor <br />proposed after award of contract must be approved by the City before commencement of <br />work. <br />The City will look solely to the awarded Contractor for the performance of all contractual <br />obligations which may result from an award based on this RFP, and the awarded Contractor <br />shall not be relieved for the non-performance of any or all Subcontractors. <br />XV. AWARD OF AGREEMENT <br />Selected Contractor(s) will be notified in writing. Any award is contingent upon the successful <br />negotiation of final contract terms. <br />A. EXECUTION OF AGREEMENT <br />"Proposer" will hereinafter be referred to as "Consultant" or "Contractor" in standard <br />agreement. The term of the agreement will begin after the agreement is fully executed, and <br />all required bonds, insurance documents and contents of the payment information packet <br />have been received and approved. <br />XVI. IMPLEMENTATION <br />A. KICK-OFF MEETING <br />A kick-off meeting will be held after selection of Contractor. Contractor and its team will <br />meet with City of Santa Ana staff to conduct introductions, discuss scope of services, and <br />implementation process. <br />B. NOTICE TO PROCEED <br />Following the kick-off meeting, a formal Notice to Proceed (NTP) may be issued after the <br />agreement is fully executed, and all insurance documents and contents of the Payment <br />Information Packet have been received and approved. <br />RFP No. 21-025 Underwriting Services for Pension Refinancing Bonds Page 18 of 24 <br />
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