Summary Sheet- RFCA SUMMARY
Extracted text (via pymupdf)
2008 characters
CITY OF TEMPE Meeting Date: 3/5/2026 REQUEST FOR COUNCIL ACTION Agenda Item: 7B1 ACTION: Approve one-year contract renewals with Greenberg Traurig, LLP and Squire Patton Boggs, LLP for the purchase of bond counsel services. FISCAL IMPACT: The total cost of these contracts shall not exceed $175,000. Sufficient funds have been appropriated in the General Obligation Debt Service Fund, Cost Center 4134 (Policy & Management FD52), and in the Water/Wastewater Fund, Cost Center 4141 (Fund 31 Debt Services), for the anticipated expenditures in the current fiscal year and next fiscal year, contingent upon City Council approval of the City’s annual budget. RECOMMENDATION: Approve the contract renewals. BACKGROUND INFORMATION: (T22-094-01, 02) City Council originally approved the contract awards on April 28, 2022, for an initial two-year period with three, one-year renewal options. This renewal request is for the third and final of three available renewal options. These contractors assist the City with bond, tax, disclosure, and securities law services to support the City’s bond financing program under the direction of the Financial Services Department. Staff reviewed the performance of the awarded firms as indicated below: Greenberg Traurig, LLP Squire Patton Boggs, LLP Evaluation Criteria Meets Requirements Does Not Meet Requirements Meets Requirements Does Not Meet Requirements Personnel are responsive, cooperative and available X X Overall quality of products or services delivered X X Timeliness of performance X X Quality of follow-up in resolving complaints or problems X X Compliance in submitting accurate invoices X X Both firms have agreed to renew the contracts with no increase in pricing. ATTACHMENTS: N/A STAFF CONTACT(S): Laura Calder, Financial Services Director, (480) 350-8504 Department Director: Laura Calder, Financial Services Director Legal review by: Dave Park, Senior Assistant City Attorney Prepared by: John Snow, Procurement Officer