The contract is for Municipal Advisor Consulting Services, which includes providing specialized financial services for the issuance of bonds, bond anticipation notes, and general financial planning. The contract was awarded to PFM Financial Advisors LLC, a division of The PFM Group, for a period of one year, from January 1, 2022, to December 31, 2022. The estimated amount for the contract is $125,000. The services will be provided by licensed investment advisors and constitute professional services as defined in the Local Public Contracts Law.
• The contract is a professional service in accordance with N.J.S.A. 40A:11-5(1)(a).
• The services will be provided by licensed investment advisors.
• The contract is awarded in compliance with the provisions of N.J.S.A. 19:44A-20.4 et seq., the New Jersey "Pay-to-Play” Law.
• The not to exceed amount for the services is estimated at $125,000.
• The contract is for a period of one year, from January 1, 2022, to December 31, 2022.