|The Illinois Tollway is giving notice of intent to award contract 16-0040 Municipal Advisor Services to the following Vendors:|
1) Hilltop Securities, Inc.-Award Amount- $525,00.00
The initial term of the contract shall not exceed $630,000.00 without a formal change order.
2) PFM Financial Advisors, LLC-Award Amount- $225,000.00
The initial term of the contract shall not exceed $270,000.00 without a formal change order.
Hilltop Securities, Inc. is recommended to serve as Municipal Advisor for bond transactions and other services requested by the RFP, and PFM Financial Advisors LLC is recommended to serve as Municipal Advisor with respect to derivative transactions (aka swaps or hedge agreements).
This contract has a BEP goal of 13%. Hilltop Securities, Inc. has BEP commitment of 20%. PFM Financial Advisors, LLC has BEP commitment of 13%.
The start date is an estimate and will start upon execution of the contract.