Office of Management & Budget: Financial Advisor Services

This contract is for financial advisory services to assist Pinellas County in the evaluation, structuring, and implementation of financing and investment transactions related to Tourist Development Taxes (TDT). The services will be provided by PFM Financial Advisors LLC, a registered municipal advisor. The contract has a term of one year, with the option to renew for an additional year. The total fees for the services will not exceed $175,000. The contract includes provisions for indemnification, insurance, and compliance with laws and regulations. Some key points of this contract include: • The scope of services includes analyzing the County's financial position, evaluating potential financing structures, and assisting in the preparation and distribution of Requests for Proposals for financing transactions. • The vendor will provide a flat rate per month of $5,000, with additional out-of-pocket expenses included in the monthly flat rate. • The contract includes a provision for termination by either party upon written notice. • The vendor is required to maintain insurance coverage, including workers' compensation, commercial general liability, and professional liability insurance. • The contract includes a provision for indemnification, where the vendor agrees to indemnify, defend, and hold harmless the County, its officers, employees, and agents from any damages or claims arising from the agreement.