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Home My WebLink AboutCity of Tamarac Resolution R-2013-102Temp. Reso. #12404 September 9, 2013 Page 1 of 4 CITY OF TAMARAC, FLORIDA RESOLUTION NO. 2013 "`O 4�, A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF TAMARAC, FLORIDA AUTHORIZING THE APPROPRIATE CITY OFFICIALS TO EXECUTE THE FIRST RENEWAL OPTION OF AN AGREEMENT BETWEEN THE CITY OF TAMARAC AND CARBON CONSULTING SERVICES, LLC, FOR FINANCIAL ADVISORY SERVICES FOR A PERIOD OF ONE (1) YEAR ENDING ON SEPTEMBER 30, 2014, WITH SUBSEQUENT ADDITIONAL ONE (1) YEAR RENEWAL PERIODS SUBJECT TO SATISFACTORY PERFORMANCE AS APPROVED BY THE CITY; PROVIDING FOR CONFLICTS; PROVIDING FOR SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the City has determined that it is in its best interest to retain the services of a Financial Advisor to advise the City with respect to certain financial, capital planning, economic development, budget, project analysis, financing, refunding and investment matters; and WHEREAS, the principal of Larson Consulting Services, LLC is qualified by experience and capability to provide professional financial advisory and consulting services, and brings extensive prior experience and knowledge to this engagement, having also previously served the City since 2003; and WHEREAS, the Director of Financial Services has determined that the retention of Larson Consulting Services, LLC to provide professional financial advisory services and other general support capabilities is in the best interest of the City, considering the level of experience and knowledge held by the principal and staff of the firm regarding the City's financial condition; and WHEREAS, The City Commission approved a three (3) year Agreement with Larson Temp. Reso. #12404 September 9, 2013 Page 2 of 4 Consulting Services, LLC, by passage of Resolution #2010-140 at its meeting of November 10, 2010, a copy of such Resolution is on file with the City Clerk; and WHEREAS, the continuation of services with Larson Consulting Services, LLC will provide for the necessary continuity required because of their knowledge and extensive past experience with the City of Tamarac; and WHEREAS Financial Advisory services is a professional service which is exempted from competitive competition by Section 6-148 (g) of the City of Tamarac Procurement Code; and WHEREAS, Larson Consulting Services, LLC, has provided the City with an executed Agreement Amendment # 1 included herein as Exhibit "A"; and WHEREAS, the Agreement Amendment provides for the exercising of the first one (1) year renewal option through September 30, 2014, with one (1) subsequent one (1) year renewal period; and WHEREAS, available funds exist in the current budget for said purpose; and WHEREAS, the Director of Financial Services recommend that Agreement Amendment #1 with Larson Consulting Services, LLC, be executed to exercise the first one (1) year renewal option, to provide Financial Advisory Services through September 30, 2014 with subsequent additional one (1) year renewal periods which will automatically renew based on satisfactory performance of Larson Consulting Services, LLC, as determined by the City; and WHEREAS, the City Commission of the City of Tamarac, Florida deems it to be in the best interests of the citizens and residents of the City of Tamarac to execute Agreement Amendment # 1 between the City of Tamarac, Florida and Larson Consulting Services, LLC, exercising the first one (1) year renewal option through September 30, 2014 Temp. Reso. #12404 September 9, 2013 Page 3 of 4 with subsequent one (1) year renewal periods, to serve as the City's Financial Advisor, which will automatically renew based on satisfactory performance of Larson Consulting Services, LLC, as determined by the City. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF TAMARAC, FLORIDA: SECTION L The foregoing "WHEREAS" clauses are HEREBY ratified and confirmed as being true and correct and are hereby made a specific part of this Resolution upon adoption hereof and all exhibits referenced and attached hereto are incorporated herein and made a specific part of this resolution. SECTION 2: The appropriate City officials are hereby authorized to execute Agreement Amendment #1 between the City of Tamarac, Florida, and Larson Consulting Services, Inc., for Financial Advisory Services exercising the first one (1) year renewal period ending September 30, 2014, with subsequent (1) year renewal periods which will automatically renew based on satisfactory performance of Larson Consulting Services, LLC, as determined by the City; and SECTION 3: All resolutions or parts of resolutions in conflict herewith are hereby repealed to the extent of such conflict. SECTION 4: If any clause, section, other part or application of this Resolution is held by any court of competent jurisdiction to be unconstitutional or invalid, in part or application, it shall not affect the validity of the remaining portions or applications of this Resolution. SECTION 5: passage and adoption. This Resolution shall become effective immediately upon its Temp. Reso. #12404 September 9, 2013 Page 4 of 4 PASSED, ADOPTED AND APPROVED this day of r , 2013. BETH TALABISCO, MAYOR ATTEST: L- _ PATRICIA TEUFE CMC CITY CLERK RECORD OF COMMISSION VOTE: MAYOR TALABISCO tJ� DIST 1: COMM. BUSHNELL .lJlv DIST 3: COMM. GLASSER DIST 4: V/M. DRESSLER I HEREBY CERTIFY THAT I HAVE APPROVED THIS RESOLUTION AS TO FORM SAMUEL S. GOREN CITY ATTORNEY .YIi1'}t111tt`Zi'�i1'i'7i,1i7;� ��li'I>S'lt)1 AGREEMENT AMENDMENT #1 BETWEEN THE CITY OF TAMARAC AND LARSON CONSULTING SERVICES, LLC T IS AGREEMENT AMENDMENT is made and entered into this — day of 20 %.�by and between the City of Tamarac, a municipal corporation with pn cipal offices located at 7525 N.W. 88th Ave., Tamarac, FL 33321 (the "CITY") and Larson Consulting Services, LLC, a Florida Limited Liability Corporation with offices located at 10151 University Boulevard, #117, Orlando, FL 32817 (the "Financial Advisor") who each agree to amend the original Agreement dated November 12, 20101 as follows: Per the terms of Section A, TERM OF AGREEMENT, of the original Agreement dated November 12, 2010, the City and Financial Advisor exercise the first renewal option for the term October 1, 2013 through September 30, 2014. Thereafter, the contract shall renew for successive one-year terms unless either party elects not to renew the Agreement in accordance with Section A of the Agreement. All other provisions of the original agreement remain in effect as written. REMAINDER OF PAGE INTENTIONALLY BLANK City (Y ' 11,11CIrcle Purcho ingy Division IN WITNESS WHEREOF, the parties hereby have made and executed this Amendment to Agreement on the respective dates under each signature, the City of Tamarac signing through its City Manager and its City Commission signing by and through its Mayor and its City Manager, and Financial Advisor signing by and through its President, duly authorized to execute same. `0 ��111111/��, a O i (jduo 0% Iwo _. LL c.� •dolp • 000 .`� 40 '// WARD C AT /1/�� 49, ti CITY O F /TA Beth Talabisco, Mayor V Michael C. Cernech, City Manager Patricia A. Teufel, CM1 Date City Clerk Approved as to form and legal sufficiency: Date -Samuel S. S. Goren, City Attorney E ATTEST: V-/ Z) Date /3 orporate Secretary .vfadeL^fs� (CORPORATE SEAL) j IN LARSON CONSULTING SERVICES, LLC of President Jeffrey T . La rs o n President Date 'lo of' 7*amarac Pul-L-hcjSina Division CORPORATE ACKNOWLEDGEMENT STATE OF FLORIDA :SS COUNTY OF �C-- I HEREBY CERTIFY that on this day, before me, an Officer duly authorized in the Sate aforesaid and in the County aforesaid to take acknowledgments, personally appeared Jeffrey T. Larson, President of Larson Consulting Services, LLC, a Florida Limited Liability Corporation, to me known to be the person(s) described in and who executed the foregoing instrument and acknowledged before me that he/she executed the same. WITNESS my hand and official seal this to day of6 T , 2013 BHUPENDRAC•AMIN Signature of Notary Public NOTARY PUBLIC State of Florida at Large STATE OF FLORIDA Comm# EE132416 Expires 1 i .- Print, Type or Stamp Name of Notary Public F-1 Personally known to me or Produced Identification Type of I.D. Produced ❑ DID take an oath, or DID NOT take an oath.