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Title: Recommendation: I recommend approval of the Negotiated Agreements for Underwriter Services and authorize the Superintendent and Board Chairman to sign all necessary documents. Description: P2 Approve Negotiated Agreements for Underwriter Services · On December 8, 2005, Invitation to Negotiate (ITN) 06C-001N for Underwriters Services was solicited. Seventeen responses were received. · The Evaluation Committee, consisting of District staff and a member of the Finance Committee, convened and reviewed all responsive information packages. It was the recommendation of the Committee to award the contract to the top three senior managers and top three co-managers. · In addition, staff recommends a direct negotiation with the top ranked minority owned firm to serve as an additional co-manager. This recommendation aligns with the stated goals in the introduction of the ITN and Board Policy. Further, this recommendation was reviewed and supported by the Finance Committee. · Bear, Stearns & Company, Inc., Citigroup Corporation & Investment Banking and UBS Financial Services are being recommended as senior managers. · A. G. Edwards & Sons, Merrill Lynch, RBC Capital Markets, and Siebert Brandford Shank & Company are being recommended as co-managers. · During the life of this contract, the District is expected to issue over $900,000,000 in debt. · The contract period will be from March 13, 2006 through March 12, 2009. Financial Impact: For Additional Information, contact: Joseph M. Moore (moorej@palmbeach.k12.fl.us Leanne Evans Attachments (list):
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