IN THE COUNTY LEGISLATURE OF JACKSON COUNTY, MISSOURI
Title
A RESOLUTION authorizing the award of contracts for underwriting services relating to debt financing to Morgan Stanley of New York, NY, Bank of America Securities, Inc., of St. Louis, MO, Piper Sandler of Leawood, KS, Hilltop Securities, Inc., of St. Louis, MO, and Valdes and Moreno, Inc., of Kansas City, MO, under the terms and conditions of Request for Qualifications No. 34-20.
Intro
RESOLUTION NO. 20502, September 21, 2020
INTRODUCED BY Charlie Franklin, County Legislator
Body
WHEREAS, the Director of Finance and Purchasing has issued Request for Qualifications No. 34-20 for underwriting services; and,
WHEREAS, a total of twenty-three notifications were distributed and seven responses were received and evaluated as follows:
|
RESPONDENT |
EVALUATION POINTS |
|
Morgan Stanley New York, NY |
286 |
|
Bank of America Securities, Inc. St. Louis, MO |
278 |
|
Piper Sandler Leawood, KS |
270 |
|
Hilltop Securities, Inc. St. Louis, MO |
267 |
|
Valdes and Moreno, Inc. Kansas City (Platte County), MO |
259 |
|
Stern Brothers St. Louis, MO |
239 |
|
D.A. Davidson & Co. Des Moines, IA |
238 |
and,
WHEREAS, pursuant to section 1054.6 of the Jackson County Code, the County’s evaluation team recommends the authorization of contracts with the five best ranked respondents as follows: Morgan Stanley of New York, NY, Bank of America Securities, Inc., of St. Louis, MO, Piper Sandler of Leawood, KS, Hilltop Securities, Inc., of St. Louis, MO, and Valdes and Moreno, Inc., of Kansas City (Platte County), MO; and,
WHEREAS, the adoption of this Resolution will establish a pool of highly qualified underwriting firms to which contracts may be awarded in the future, based on pricing and other circumstances specific to possible future transactions; and,
WHEREAS, all bond underwriting fees and expenses will be paid from the proceeds of the future financing transactions; now therefore,
BE IT RESOLVED by the County Legislature of Jackson County, Missouri, that award be authorized as recommended by the evaluation team and that the Director of Finance and Purchasing be, and is hereby, authorized to execute for the County any documents necessary to the accomplishment of specific future contracts.
Enacted and Approved
Effective Date: This Resolution shall be effective immediately upon its passage by a majority of the Legislature.
APPROVED AS TO FORM:
________________________________ ________________________________
Chief Deputy County Counselor County Counselor
Certificate of Passage
I hereby certify that the attached resolution, Resolution No. 20502 of September 21, 2020, was duly passed on September 30, 2020 by the Jackson County Legislature. The votes thereon were as follows:
Yeas _______9__________ Nays ______0________
Abstaining ______0_______ Absent _____0_______
_________________ ________________________________
Date Mary Jo Spino, Clerk of Legislature