RES 2018-16 Adopted RESOLUTION NO. 2018-16
AUTHORIZING THE EXECUTION OF A CONTRACT WITH FIRST TRYON
SECURITIES FOR ADVISORY SERVICES FOR CAPITAL PLANNING
WHEREAS, the City discussed capital needs at its most recent Envision
session and desires the services of a financial advisor to assist in establishing a capital
improvement program for the City; and
WHEREAS, the City previously selected First Tryon as its financial advisor;
and
WHEREAS, the City requested a proposal from First Tryon for these
services; and,
WHEREAS, the fee for capital planning advisory services is estimated
between $40,000-$60,000 depending on the extent of services requested by the City; and,
WHEREAS, it is in the best interest of the City to establish a capital
improvement program to manage capital needs amongst all departments.
NOW THEREFORE, BE IT RESOLVED by the Mayor and City Council of
the City of North Augusta, South Carolina, in meeting duly assembled and by the authority
thereof, that First Tryon be authorized to provide capital planning advisory services to the
City in an amount not to exceed $60,000 and that the City Administrator be authorized to
sign all documents relating thereto.
BE IT FURTHER RESOLVED that the funding for the capital planning
advisory services shall come from the Capital Projects Fund.
DONE, RATIFIED AND ADOPTED BY THE MAYOR AND CITY
COUNCIL OF THE CITY OF NORTH AUGUSTA, SOUTH CAROLINA, ON THIS
,6 DAY OF AUGUST 2018.
Robert A. Pettit, Mayor
ATTEST:
4L ,x
Donna B. Young, Citi Cle