Sarasota County Schools
Agenda Item #13
Title
APPROVAL TO AWARD RFP #9108 FOR INVESTMENT BANKING SERVICES
Description
Proposals to provide 'Investment Banking Services' were received from twelve vendors on January 20, 2009. The proposals of Citigroup Global Markets, Inc., and RBC Capital Markets as senior managing underwriters and Raymond James & Associates, Inc., and Wachovia Securities as co-managing underwriters were the best proposals meeting the advertised specifications. This proposal is for a period of two years with the option to renew for two one-year periods. Fees charged for underwriting services are deducted from the proceeds of the debt issue.
Recommendation
That the proposals of Citigroup Global Markets, Inc., and RBC Capital Markets as senior managing underwriters and Raymond James & Associates, Inc., and Wachovia Securities as co-managing underwriters, to provide 'Investment Banking Services' be approved for award and purchase.
Contact
CORCORAN & BLACK
Financial Impact
The cost of issuance will be taken from the proceeds of the debt issue.
Attachment: InvBankSvc9108Rec.pdf