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Recommendation of Award, RFP Bond Counsel P2014000051
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The Albuquerque Bernalillo County Water Utility Authority (Water Authority) issued the referenced Request for Proposals (RFP) to solicit proposals from qualified vendors to provide Bond Counsel Services.
The RFP was posted on the Sicomm website and advertised in the local newspaper. Four responses were received and submitted for evaluation. The ad hoc evaluation committee reviewed, evaluated, and scored the responses in accordance with the evaluation criteria published in the RFP.
The responses were reviewed, evaluated, and scored by an ad hoc committee consisting of John M. Stomp III, P.E., Chief Operating Officer; Stan Allred, Chief Financial Officer; and Charles W. Kohlberg, Chief Counsel. The committee recommended the award of a contract to Modrall, Sperling, Roehl, Harris & Sisk, P.A., as that firm had the highest composite score, is qualified to perform the work, and meets the requirements of the RFP. Modrall, Sperling, Roehl, Harris & Sisk, P.A., will also provide Disclosure Counsel until the Authority completes an RFP for that Service
FISCAL IMPACT:
The fee is based on $1 for $1,000 dollars of bond proceeds and varies depending on the size of each individual bond transaction. This fee is added to the cost of issuance for each bond transaction...