Financial Advisory Consulting Services

The City of St. Petersburg, Florida, has awarded a contract to PFM Financial Advisors LLC for financial advisory consulting services. The contract has a term of three years, with the option to renew for an additional three one-year periods. The contract includes a scope of work that includes providing financial advisory services, developing a timeline for bond programs, assisting with the selection of attorneys and bond counsel, and providing testimony and presentations at meetings of the City Council. The contract also includes a fee schedule, with fees ranging from $0.50 to $0.85 per $1,000 of debt issued. The contract requires PFM Financial Advisors LLC to maintain certain types and amounts of insurance, including commercial general liability insurance and workers' compensation insurance. The contract also includes provisions for indemnification, termination, and dispute resolution. Key aspects of the contract include: • The contract term and renewal options • The scope of work and services to be provided • The fee schedule and payment terms • The insurance requirements • The indemnification and termination provisions • The dispute resolution process