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Finance staff recommends renewing liquidity analysis contract with 3 Plus 1 after lower quote; committee approves
Summary
Finance staff said two bids were received to re‑quote a required liquidity analysis contract; a lower bid from 3 Plus 1 (read in the transcript as '47 8 0 8') was recommended over a Debt Book quote of $112,350, and the committee voted to contract with 3 Plus 1.
A finance staff member told the committee the county must re‑quote its liquidity analysis contract every five years. Two quotes were presented: one from "3 Plus 1" at the lower figure read in the transcript as "47 8 0 8," and another from Debt Book at $112,350. Staff recommended contracting with 3 Plus 1 and the committee approved.
"We received 2 quotes back. 1 was from 3 plus ones, as you would guess, for 47 8 0 8 and another from debt book, which was quite a bit more, a $112,350," the staff member said. Committee members who spoke thanked staff for memos that explained the recommendation in writing and moved to approve contracting with 3 Plus 1.
The transcript records the lower quote as the sequence "47 8 0 8." It is presented here verbatim from the meeting record; the official contract value should be confirmed in the procurement documents before publication.
