City and County of Denver - File #: 20-1455

• File #: 20-1455
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 12/2/2020
• In control: City Council
• On agenda: 12/7/2020
• Final action: 12/7/2020
• Title: A resolution approving a proposed First Amendatory Agreement between the City and County of Denver and Hilltop Securities, Inc., to extend the term and provide additional compensation for municipal financial advisory services to the City. Amends a contract with Hilltop Securities, Inc. by adding $400,000 for a new total of $800,000 and one year, with two optional one-year renewals, for a new maximum end date of 12-31-23 for municipal financial advisory services to the City (FINAN-201738726). Councilmember Black approved filing this item on 12-3-20.

Date	Ver.	Action By	Action	Result
12/7/2020	1	Council President	signed
12/7/2020	1	City Council	adopted	Pass

Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 12-02-20

Requesting Agency: Finance
Division:

Subject Matter Expert Name:

Name: Kiki Turner / Beth Strauss
Email: Kiki.Turner@denvergov.org

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 First Amendatory Agreement between the City and County of Denver and Hilltop Securities, Inc., to extend the term and provide additional compensation for municipal financial advisory services to the City.
Amends a contract with Hilltop Securities, Inc. by adding $400,000 for a new total of $800,000 and one year, with two optional one-year renewals, for a new maximum end date of 12-31-23 for municipal financial advisory services to the City (FINAN-201738726). Councilmember Black approved filing this item on 12-3-20.
body

Affected Council District(s) or citywide? Citywide

Contract Control Number: FINAN-201738726

Vendor/Contractor Name (including any "DBA"): Hilltop Securities, Inc.

Type and Scope of services to be performed:
The proposed resolution authorizes a first amendment to the contract with Hilltop Securities, Inc. ("Hilltop Securities"). Hilltop Securities currently serves as financial advisor to the City, for non-airport financial obligations, pursuant to a contract that was initiated on January 1, 2018, and expires on December 31, 2020. This first amendment will extend the contract for up to three years (one-year initial term plus two (2) one...