Agenda - Council - 11/14/2000 - Laserfiche WebLink

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I I I I I I I I I I I I I I I I I I I FINANCE COMMITTEE CITY OF RAMSEY ANOKA COUNTY STATE OF MINNESOTA The Ramsey Finance Committee conducted a regular meeting on the Ramsey Municipal Center, 15153 Nowthen Boulevard NW, Members Present: Mayor Thomas Gamec Councilmember Susan E. Councilmember Margaret Councilmember Terry CounCilmember Also Present: Assistant City Sykes Finance Officer Diana Lund 10, CALL TO ORDER Mayor Gamec called the re )fthe to 5:10 p.m. CITIZEN INPUT There was none. .~y:'?~. CO MMITTE~,BUS INESS:~}~t Case ~I:~:;,.~ Award Con~aet for Services Finance 11, 2000, staff solicited proposals for financial advisory services g the for Proposal - Financial Advisory Services" to .the ~i:~;,:;~ ..of. Spnngsted P, UB~c Finance Adwsors and Juran and Moody. Proposals were sent out at ',~. ' ~,;.~:~ :~' ,.~ ~ . ~'~c~, ..... th~s t~mek..as.the City hfi~:iiOJ~s0:ff~Sted proposals on finanmal services for several years. The C~ty wanted to'"~eV, iew what w~';~x~ai~able ~n the marketplace for finanmaI services. Proposals were due by Fnda~,.,,,,.,r~,x Septembe[2~;:,. ,;~,,, 2000. Both Sprmgsted and Juran and Moody returned a proposal of services off~e~d and a ~ee schedule. The Financial Advisor selection was discussed briefly at the F~nance Committee meeting on September 26, 2000, but was tabled for a later period when there would b%~ore t~me for open &scussmn. The C~ty of Ramsey uses a finanmal consultant '%-'i!),.~.not only m tti~,~ stmcmnng' and ~ssuance of bonds, but for the assistanCe m projects such as 'v:i:,~bvenue fo~&i'sting, cash analysis for applications like tax increment financing, and for any ~PeCi,al, p~oj:aots which the City has inquires about possible funding alternatives. The financial conSul~rit works closely with the City's bond attorney (Briggs & Morgan) in several of the pr0jeets listed above. The City has recently used a financial consultant for the sale and Lease of Finance Committee/October 10, 2'000 Page 1 of 5 -03-