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Agreement — Approval of Financing Firms and Agreements <br />April 1, 2014 <br />Page 2 <br />In addition, Urban Futures, Inc. also released an RFP for underwriting services. Four proposals <br />were received: De La Rosa & Company /Stifel; Piper Jaffray; Southwest Securities; and Jefferies <br />Group, LLC. Each was evaluated based on team experience, financing approach and <br />management fees. After review, Urban Futures, Inc. recommends De La Rosa & Company /Stifel. <br />Staff has reviewed the proposals and supports the recommendation. <br />Upon City Council approval, each financing team will then be directed to evaluate and recommend <br />the appropriate cash savings strategy. Staff will then bring back for approval a resolution of the <br />City Council authorizing the preparation of financing documents in order to finalize and initiate <br />completion of the transaction. <br />FISCAL IMPACT <br />Financing fees will be reimbursed to the City through the savings associated with each issuance. <br />Francisco Gutierrez <br />Executive Director <br />Finance and Management Services Agency <br />Exhibits: 1. Quint & Thimming LLP agreement <br />2. BB &K Fee Proposal <br />3. Del La Rosa /Stifel agreement <br />4. Council approved agreements, <br />25B -2 <br />