Title
Dept/ Agency: Financee
Action: (X ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Professional Service Contract
Purpose: To provide financial advisory services
Entity Name: NW Financial Group, LLC
Entity Address: 10 Exchange Place, 17th Floor, Jersey City, NJ 07302
Contract Amount: $35,000.00 plus 10 basis points on any Note/Bond Sale; the total payments of the contract and the 10 basis points fee is not to exceed $80,000.00.
Funding Source: Fund 011, Agency 050, Organization 0501, Object 71280Capital Funds
Contract Period: May 1, 2011 through December 31, 2011
Contract Basis: ( ) Bid ( ) State Vendor (X ) Prof. Ser. ( ) EUS
(X ) Fair & Open (X ) No Reportable Contributions ( X ) RFP ( ) RFQ
( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a
Additional Information:
body
WHEREAS, the City of Newark advertised a Request for Proposal (RFP) for Financial Advisory Services and three (3) proposals were received on March 25, 2011, and the proposal from NW Financial Group, LLC, 10 Exchange Place, 17th Floor, Jersey City, N.J. 07302, was found to be in the best interest of the City of Newark to accept; and
WHEREAS, the City of Newark wishes to enter into a professional services contract with NW Financial Group, LLC, 10 Exchange Place, 17th Floor, Jersey City, N.J. 07302, to provide financial advisory services for the City of Newark, Department of Finance; and
WHEREAS, NW Financial Group, LLC, 10 Exchange Place, 17th Floor, Jersey City, N.J. 07302, has completed and submitted a Business Entity Disclosure Certificate which certifies that they have not made any reportable contributions to a political or candidate committee in the City of Newark in the previous year, and that the contract will prohibit NW Financial Group, LLC from making any reportable contributions through the term of the contract; and
WHEREAS, the Mayor of the City of Newark signed into law Executive ...
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