Explanation
BACKGROUND:
This legislation authorizes Columbus City Auditor on behalf of Columbus Water and Power to enter into a supplemental agreement with PFM Financial Advisors LLC to provide municipal advisory services for financial planning and policy development related to PO585522. The contract amount being authorized is $152,000.00
The agreement will provide municipal advisory services for financial planning and policy development. These services include financial advisory services, capital planning, financing alternatives, debt restructuring, rating agency strategy, market analysis, financing schedule development, transaction execution support, and related municipal advisory services.
SUPPLIER:
PFM Financial Advisors LLC | Vendor #023734 | Pending CC
The vendor is not debarred according to the Excluded Party Listing System of the Federal Government or prohibited from being awarded a contract according to the Auditor of State Unresolved Findings for Recovery Certified Search.
FISCAL IMPACT: $152,000.00 is available for this contract.
$0.00 was spent in 2025
$0.00 was spent in 2024
Emergency Justification: Emergency action is requested in order for the vendor to provide municipal advisory services related to financial planning and policy development and to ensure project continuity and mitigate financial risk.
Title
To authorize the Columbus City Auditor on behalf of Columbus Water and Power to enter into a supplemental agreement with PFM Financial Advisors LLC to provide municipal advisory services for financial planning and policy development, and to authorize the expenditure of $152,000.00 split between the Electricity, Water, Water Reclamation, and Stormwater Operating Funds; and to declare an emergency. ($152,000.00)
Body
WHEREAS, City of Columbus, Columbus Water and Power has a need for municipal advisory services for Financial Planning Services related to PO585522; and
WHEREAS, the term of the contract is from date of execution until such time as the need for outside financial planning and policy development concludes; and
WHEREAS, this ordinance authorizes the agreement to provide funding to the consultants to continue their tasks during fiscal year 2026 through 2027; and
WHEREAS, the expenditure of $152,000.00 or so much thereof as may be needed, is hereby authorized in the Columbus Water and Power Operating Funds, split among the Electricity, Water, Sanitary Sewer, and Stormwater Operating Funds; and
WHEREAS, an emergency exists in the usual daily operations of Columbus Water and Power in that it is immediately necessary to authorize the Columbus City Auditor on behalf of Columbus Water and Power to enter into a supplemental agreement with PFM Financial Advisors LLC to provide municipal advisory services related to financial planning and policy development; all for the immediate preservation of the public health, peace, property, safety, and welfare; and, NOW, THEREFORE
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. That the Columbus City Auditor on behalf of Columbus Power & Water is hereby authorized to enter into a supplement agreement with PFM Financial Advisors LLC, 1422 Euclid Ave suite 400-6, Cleveland OH, 44115, for municipal advisory services related to PO585522 in the amount of $152,000.00.
SECTION 2. That this contract is in accordance with the relevant provisions of Chapter 329 of City Code.
SECTION 3. That the expenditure of $152,000.00 or so much thereof as may be needed, is hereby authorized in the Electricity, Water, Water Reclamation, and Stormwater Operating Funds, per the accounting codes attached to the ordinance.
SECTION 4. That the funds necessary to carry out the purpose of this ordinance are hereby deemed appropriated and the City Auditor shall establish such accounting codes as necessary.
SECTION 5. That the City Auditor is authorized to make any accounting changes to revise the funding source for all contracts or contract modifications associated with this ordinance.
SECTION 6. That for the reasons stated in the preamble hereto, which is hereby made a part hereof, this ordinance is hereby declared to be an emergency measure and shall take effect and be in force from and after its passage and approval by the Mayor, or ten days after passage if the Mayor neither approves nor vetoes the same.