File #: 4306    Version: 0 Name: Furnishing of investment banking
Type: Ordinance Status: Passed
File created: 4/18/2011 In control: Finance and Audit Committee
On agenda: 4/18/2011 Final action: 4/25/2011
Title: AN ORDINANCE appropriating $200,000.00 from the undesignated fund balance of the 2011 General Fund and awarding a contract on Request for Qualifications No. 22-11 for the furnishing of investment banking and financial advisory services for use by the Finance and Purchasing Department, to Oppenheimer & Co., Inc., of Kansas City, MO, at an actual cost to the County not to exceed $200,000.00.
Sponsors: Dennis Waits
Indexes: FINANCIAL ADVISOR, GENERAL FUND
Attachments: 1. 4306CORRADOPT.pdf, 2. 4306CON.pdf
      IN THE COUNTY LEGISLATURE OF JACKSON COUNTY, MISSOURI
 
 
Title
AN ORDINANCE appropriating $200,000.00 from the undesignated fund balance of the 2011 General Fund and awarding a contract on Request for Qualifications No. 22-11 for the furnishing of investment banking and financial advisory services for use by the Finance and Purchasing Department, to Oppenheimer & Co., Inc., of Kansas City, MO, at an actual cost to the County not to exceed $200,000.00.
 
 
Intro
ORDINANCE #4306, April 18, 2011
 
INTRODUCED BY Dennis Waits, County Legislator
 
Body
WHEREAS, by Request for Qualifications (RFQ) No. 22-11, the Director of Finance and Purchasing did solicit the submission of qualifications from firms interested in providing investment banking and financial advisory services to the County; and,
 
WHEREAS, the Director received two responses to the RFQ, which were evaluated by an ad hoc committee consisting of representatives from the Finance and Purchasing Department, Legislative Auditor's Office, and County Counselor's Office; and,
 
WHEREAS, after an evaluation of the firms' qualifications, the committee has recommended the award of a contract for these services to Oppenheimer & Co., Inc., of Kansas City (Jackson County), MO, as it is the responding firm with the superior qualifications; and,
 
WHEREAS, in order to fund this contract, an appropriation is necessary; and,
 
WHEREAS, the County Executive recommends this appropriation; now therefore,
 
BE IT ORDAINED by the County Legislature of Jackson County, Missouri, that the following appropriation from the undesignated fund balance of the 2011 General Fund be and hereby is made:
 
DEPARTMENT/DIVISION            CHARACTER/DESCRIPTION       FROM         TO   
General Fund
001-2810                                   Undesignated Fund Balance           $200,000
001-5101                                   56080 - Other Professional Svcs                      $200,000
 
 
and,
 
BE IT FURTHER ORDAINED that a contract be awarded as recommended by the evaluation committee, in a form to be approved by the County Counselor, and that the Director of Finance and Purchasing be and hereby authorized to execute the contract on behalf of the County; and,
 
BE IT FURTHER ORDAINED that the Director of Finance and Purchasing be and hereby is authorized to make all payments, including final payment on the contract.
 
Enacted and Approved
Effective Date:  This ordinance shall be effective immediately upon its signature by the County Executive.
 
 
APPROVED AS TO FORM:
 
 
 
______________________________                  ________________________________
Chief Deputy County Counselor                   County Counselor
 
      
      I hereby certify that the attached Ordinance, Ordinance #4306, introduced on April 18, 2011, was duly passed on April 25, 2011 by the Jackson County Legislature.  The votes thereon were as follows:
 
 
      Yeas ________7_______                  Nays _______0_______   Excused______1______
 
      Abstaining ______0_____                  Absent _______1______
 
 
This Ordinance is hereby transmitted to the County Executive for his signature.
 
 
____________________                        ________________________________
Date                                          Mary Jo Spino, Clerk of Legislature
 
I hereby approve the attached Ordinance #4306.
      
 
 
____________________                        ________________________________
Date                                          Michael D. Sanders, County Executive
 
Fiscal Note
Funds sufficient for this appropriation are available from the source indicated below.
 
ACCOUNT NUMBER:      010       2810
ACCOUNT TITLE:            General Fund
                        Undesignated Fund Balance
NOT TO EXCEED:            $200,000.00            
 
 
There is a balance otherwise unencumbered to the credit of the appropriation to which the expenditure is chargeable and there is a cash balance otherwise unencumbered in the treasury to the credit of the fund from which payment is to be made sufficient to provide for the obligation herein authorized.
 
 
ACCOUNT NUMBER:      010       5101      56080
ACCOUNT TITLE:            General Fund
                        Non-Departmental
                        Other Professional Services
NOT TO EXCEED:            $200,000.00      
 
 
 
 
________________________            _________________________________
Date                                    Director of Finance and Purchasing