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TO: FM DIVERSION AUTHORITY BOARD <br />FROM: FM DIVERSION AUTHORITY FINANCE COMMITTEE <br />RE: ERNST & YOUNG PROFESSIONAL SERVICES CONTRACT PROPOSAL <br />DATE: JANUARY 7, 2015 <br />The Finance Committee discussed the attached scope of services from Ernst & Young to assist in <br />development of long alternative financing options for the FM Diversion project. They have been a part <br />of our working group discussions for the past several months regarding the need to explore and public, <br />private partnerships commonly referred to as P3’s and other financing options. They have experience in <br />this area and will also assist in identifying other more traditional funding opportunities including other <br />Federal loan programs. The scope of work has been estimated to cost from $175,000 - $350,000 for a <br />three month time period. The Finance Committee is recommending that a contract award be made with <br />Ernst & Young as detailed in the scope of services. <br />Suggested Motion: <br />Approve Ernst & Young as our P3 financial advisor and approve a scope of work to be billed on an hourly <br />basis. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />