FINANCIAL_SERVICESAPPROVED

Manhattan Beach Unified Awards Financial Services Contract to Montague Derose and Associates Llc (July 2024)

Manhattan Beach Unified School District entered into a professional services agreement with Montague DeRose and Associates, LLC to provide municipal advisory and related financial services from July 1, 2024 through June 30, 2027. The contract includes hourly advisory work capped at $15,000 per fiscal year, transaction-based fees for long-term financings and TRANs, and a $5,000 annual fee for continuing disclosure services, with reimbursement of out-of-pocket expenses. The engagement may be extended by mutual agreement and terminated by either party with 30 days’ notice.

Status
APPROVED
Document date
July 1, 2024
Contract type
FINANCIAL_SERVICES
Vendor
Montague Derose and Associates Llc
Agency
Manhattan Beach Unified · CA

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TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$325.00 per hour; Annual cap $15,000 per fiscal year; TRAN fee = (Par amount of TRANs * 0.85%) + $2,500, minimum $15,000; Continuing disclosure services $5,000 per 12-month period
Contract type
FINANCIAL_SERVICES
Contract term
July 1, 2024 to June 30, 2027; continuing disclosure billed per 12-month period; TRAN financing fees contingent upon closing
Renewal date
2027-06-30
Renewal
Initial term runs July 1, 2024 through June 30, 2027, with explicit provision that the agreement may be extended by mutual agreement of the parties. Either party may terminate the agreement with or without cause upon thirty days’ written notice and no penalty applies upon termination.
Document type
Contract
Source document
manhattan-beach-unified-contract-2024-07-01_14a.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Manhattan Beach Unified?

Montague Derose and Associates Llc was awarded this financial services contract by Manhattan Beach Unified, as recorded on July 1, 2024. The contract value is $325.00 per hour; Annual cap $15,000 per fiscal year; TRAN fee = (Par amount of TRANs * 0.85%) + $2,500, minimum $15,000; Continuing disclosure services $5,000 per 12-month period.

How much is the Montague Derose and Associates Llc contract with Manhattan Beach Unified worth?

The Montague Derose and Associates Llc contract with Manhattan Beach Unified is valued at $325.00 per hour; Annual cap $15,000 per fiscal year; TRAN fee = (Par amount of TRANs * 0.85%) + $2,500, minimum $15,000; Continuing disclosure services $5,000 per 12-month period, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a contract record.

Where was this contract approved?

This contract appears in manhattan-beach-unified-contract-2024-07-01_14a.pdf (Contract), dated July 1, 2024 from Manhattan Beach Unified. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Montague Derose and Associates Llc hold?

Montague Derose and Associates Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Manhattan Beach Unified currently buying?

Explore Manhattan Beach Unified's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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