The city will, from time to time, issue requests for qualifications or requests for proposals for underwriters. It is Dublin's position that it benefits from having a team of professionals pre-approved. Those underwriters become familiar with the needs and programs of the city which enables them to provide a higher quality of service. Such firms are also motivated to present innovative ideas to the city, because they have a reasonable expectation of being rewarded for their efforts. It is important to have the members of the underwriting team that have access to the retail as well as the institutional market and that bring different but complementary banking skills to the table on behalf of the city. On a deal-by-deal basis, the city will select its underwriting team from the pool or pre-approved firms with the assistance of its financial advisor. The city intends to initiate the RFQ or RFP process every three to five years.
(Ord. 31-16, passed 9-12-16)