Port of LA

4. RESOLUTION NO. ____________ - AWARD OF PERSONAL SERVICES\nAGREEMENTS TO FRASCA & ASSOCIATES, LLC; KNN PUBLIC FINANCE, LLC; AND\nMONTAGUE DEROSE & ASSOCIATES, LLC TO PROVIDE MUNICIPAL FINANCIAL\nADVISORY SERVICES\nSummary: Staff recommends approval of personal services agreements with three municipal\nfinancial advisory firms for a three-year period. The Harbor Department utilizes municipal\nfinancial advisors to assist with structuring and facilitating bond transactions, conducting cost\nand benefit analysis for financial opportunities, developing financial policies and procedures,\nstaying abreast of the latest developments in the municipal financial markets, implementing best\npractices and other duties as needed. Staff is recommending approval of three-year Agreements\nwith Frasca & Associates, LLC, a small business enterprise (SBE) and a minority-owned\nbusiness enterprise (MBE) with offices in New York, Albany, Atlanta, Denver, Houston, Orlando\nand Washington DC; KNN Public Finance, LLC, an SBE with offices in Berkeley and Los\nAngeles; and Montague DeRose & Associates, LLC, a SBE firm with offices in Westlake Village\nand Walnut Creek to provide financial advisory services. The three firms will be utilized on an\nas-needed basis through directives issued by the Harbor Department’s Chief Financial Officer\nand/or Director of Debt and Treasury. The aggregate not-to-exceed amount for a 36-month term\nfor these three agreements is $324,000 including related expenses. These firms are being\nrecommended as a result of a competitive Request for Proposal (RFP) process. The Harbor\nDepartment is financially responsible for the payment of expenses incurred under the proposed\nagreements.\nRecommendation: Board resolve to (1) find that the Director of Environmental Management has\ndetermined that the proposed action is administratively exempt from the requirements of the\nCalifornia Environmental Quality Act (CEQA) under Article II Section 2(f) of the Los Angeles City\nCEQA Guidelines; (2) find that in accordance with the Los Angeles City Charter Section 1022,\nthe services required are temporary and of a professional, expert, and technical nature, which\ncan be performed more feasibly by an independent contractor; (3) approve the Agreements at\nan aggregate not-to-exceed amount of $324,000 including related expenses, for a 36-month\nterm, with Frasca & Associates, LLC; KNN Public Finance, LLC; and Montague DeRose and\nAssociates, LLC to provide municipal financial advisory services on an as-needed basis; (4)\nauthorize the Executive Director or designee to execute and the Board Secretary to attest to\nsaid Agreements for and on behalf of the Board; and (5) Adopt Resolution No. ____________.\nPort Police