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Authorizing a Contract with Speer Financial, Inc. for Financial Advisor Services
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WHEREAS, a Request for Proposals (RFP) was issued on September 1, 2023 for independent financial advisor services that would include analyzing the financial needs of Kane County, developing financing options, constructing bond issues, assisting in the selection of an underwriter or organizing a competitive sale, dealing with rating agencies, and advising on financing matters; and
WHEREAS, the proposal from Speer Financial, Inc. of Chicago, IL was selected for its qualifications, previous experience with the County, approach to services, references, and fees; and
WHEREAS, the source of funding for financial advisory services in connection with any security sales would be provided by the proceeds of those future bond issues.
NOW, THEREFORE, BE IT RESOLVED by the Kane County Board that the Chairman is hereby authorized to enter into a contract with Speer Financial, Inc. of Chicago, Illinois for the provision of financial advisor services that will be for a term of two-years with the mutual option to renew annually for three additional one-year periods.
Passed by the Kane County Board on November 14, 2023
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John A. Cunningham, MBA, J.D. Corinne M. Pierog MA, MBA
Clerk, County Board Chairman, County Board
Kane County, Illinois Kane County, Illinois
Vote: