Financial Advisory Services

The vendor is required to provide financial advisory services may include, financial planning, bond related transactions and reviewing and making recommendations on the town's investment policy.
- Provide the town with a comprehensive review of its capital structure to include a review of outstanding indebtedness (bonds & loans) and provide recommendations relative to the refinancing or early extinguishment of said obligations.
- Assist the town in the design, implementation, and monitoring of the financing elements of the capital improvements plan.
- These services include an overall evaluation of all financing sources presently available to the town, including internally generated funds, debt financing, leasing, federal or state grants, private sources, and various combinations of all those sources.
- On an as needed basis, the financial advisor should be prepared to put together a cash flow analysis for each of the various major capital improvements included within the town.
- Prepare a comprehensive financial plan including a debt capacity analysis, debt ratio study, alternate and innovative financing options, identification of potential revenue sources and methods of financing permitted under state law.
- Provide the town with financial advisory services on any requested financial issue that the firm can provide expert advice on.
- Provide the town with advice on proposed and actual changes regarding economic development policies, tax laws and financial market developments that could affect the town's financial structure and the impact of such a policy on the financial markets perception of the town.
- Provide training to staff on an as needed basis or as requested by staff.
- Provide assistance to the town in broadening the market for its debt.
- Assist the Town with consultations and presentations to rating agencies/credit enhancement providers to secure the most favorable and economical credit rating or to maintain existing credit ratings. - Assist with validation of the bonds through preparation of financial tables and exhibits and preparation of testimony as required.
- Contractor shall have “on-site” supervisor fully conversant in the safety procedures to be followed in case of injury and/or accident.
- Contract Period/Term: 3 years
- Questions/Inquires Deadline: April 7, 2025