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File #: 17-0322    Version: 1
Type: Resolution Status: Adopted
File created: 3/7/2017 In control: Business, Arts, Workforce, & Aeronautical Services Committee
On agenda: 3/28/2017 Final action: 3/28/2017
Title: A resolution approving a proposed Second Amendment to Agreement between the City and County of Denver and KPMG Corporate Finance, LLC to extend the maximum contract liability for financial advisory services for the Great Hall Project at Denver International Airport. Adds $800,000 to the contract with KPMG Corporate Finance, LLC for a new total contract of $4 million to support procurement of a private partner related to the Great Hall project and for continued financial analysis, public private partnerships expertise, and counsel in the final contract negotiation process at Denver International Airport (201520619). The last regularly scheduled Council meeting within the 30-day review period is on 4-17-17. The Committee approved filing this resolution by consent on 3-15-17.
Indexes: Debra Bartleson
Attachments: 1. RR17 0322 DIA KPMG Amendment Request, 2. KPMG_201520619-02_CES_Initiation_Final, 3. CR17-0322 Filed Resolution_KPMG Corporate Finance LLC, 4. CR17-022_ KMPG Contract, 5. 17-0322 - signed.pdf

Contract Request Template (Contracts; IGAs; Leases)

 

Date Submitted: 03-07-17

 

Requesting Agency: Denver International Airport

                               Division:

 

Subject Matter Expert Name: Aaron Barraza
Email Address:
Aaron.barraza@flydenver.com
Phone Number:
303-342-2261

 

Item Title & Description:

(Do not delete the following instructions)

These appear on the Council meeting agenda. Initially, the requesting agency will enter a 2-3 sentence description. Upon bill filling, the City Attorney’s Office should enter the title above the description (the title should be in bold font).

 

Both the title and description must be entered between the red “title” and “body” below.  Do not at any time delete the red “title” or “body” markers from this template.

title

A resolution approving a proposed Second Amendment to Agreement between the City and County of Denver and KPMG Corporate Finance, LLC to extend the maximum contract liability for financial advisory services for the Great Hall Project at Denver International Airport.

Adds $800,000 to the contract with KPMG Corporate Finance, LLC for a new total contract of $4 million to support procurement of a private partner related to the Great Hall project and for continued financial analysis, public private partnerships expertise, and counsel in the final contract negotiation process at Denver International Airport (201520619). The last regularly scheduled Council meeting within the 30-day review period is on 4-17-17.  The Committee approved filing this resolution by consent on 3-15-17.

body

 

Affected Council District(s) or citywide? Council District 11

 

Contract Control Number: 201520619

 

Vendor/Contractor Name (including any “DBA”): KPMG Corporate Finance, LLC

 

Type and Scope of services to be performed: Assist the city in completing the procurement of a private partner related to the Great Hall project, and for continued financial analysis, public private partnerships expertise and counsel in the final contract negotiation process, at Denver International Airport

 

Location (if applicable):

 

WBE/MBE/DBE goals that were applied, if applicable (construction, design, Airport concession contracts):

 

Are WBE/MBE/DBE goals met (if applicable)?

 

Is the contract new/a renewal/extension or amendment?

 

Was this contractor selected by competitive process or sole source?

                     

For New contracts

Term of initial contract:

 

Options for Renewal:

                     How many renewals (i.e. up to 2 renewals)?

                     Term of any renewals (i.e. 1 year each):

 

Cost of initial contract term:

 

Cost of any renewals:

 

Total contract value council is approving if all renewals exercised:

 

For Amendments/Renewals Extensions:

Is this a change to cost/pricing; length of term; terms unrelated to time or price (List all that apply)?

 

If length changing

What was the length of the term of the original contract?

 

What is the length of the extension/renewal?

 

What is the revised total term of the contract?

 

If cost changing

What was the original value of the entire contract prior to this proposed change? $3,200,000

 

What is the value of the proposed change? $800,000

 

What is the new/revised total value including change? $4,000,000

 

If terms changing

Describe the change and the reason for it (i.e. compliance with state law, different way of doing business etc.)