REPORT TO THE CITY COUNCIL
FROM: SANTINO DANISI, MBA, City Controller/Finance Director
Finance Department
BY: KALEB NEUFELD, MBA, Assistant Controller/Assistant Director
Finance Department
SUBJECT
Title
Approve a Municipal Advisor Professional Services Contract with KNN Public Finance, LLC for a five-year term effective through May 30, 2031, in an amount not to exceed $425,000, with the option of two one-year extensions, each not to exceed $85,000 annually (Bid File No. 12601730)
Body
RECOMMENDATION
Staff recommends that the City Council authorize the Finance Director, or designee, to execute a five-year contract in the amount not to exceed $425,000 with the option of two one-year extensions in an amount not to exceed $85,000 per year with KNN Public Finance, LLC, to provide municipal advisory services supporting the City with professional consulting related to debt issuance and financial planning, as outlined in the City's Request for Proposals (RFP).
EXECUTIVE SUMMARY
The City of Fresno (City) previously maintained an agreement with KNN Public Finance, LLC to provide municipal advisory services, which expired on February 28, 2026. In anticipation of the agreement's expiration, the City issued a Request for Proposals (RFP) for continued municipal advisory professional services, posting the solicitation on PlanetBids on March 4, 2026. Four vendors submitted proposals in response.
An Evaluation Committee was convened, comprising representatives from the Finance Department and the Airports Department. A representative from Finance served as the Committee Facilitator. Each proposal was evaluated according to the criteria outlined in the RFP, with particular emphasis on the vendor's ability to meet the required service specifications, their overall municipal advisory experience-especially related to California financings-and the competitiveness of their cost proposal.
Based on this evaluation, staff recommends awarding a five-year c...
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