Financial Advisory Services

The Vendor is required to provide for financial advisor services include:
• Provide preliminary financial analysis on authorized borrowers requesting funding for projects through the bond bank, including written summaries of financing options and participation in pre-application conferences with municipalities expressing interest in debt financing of public projects. 
• When requested, provide analysis of authorized borrowers’ debt policy, debt capacity, and estimate debt service requirements for potential future issuances.
• Provide a written loan analysis and credit review on all respective applications received by the bond bank. 
• Prepare and present to the bond bank board written recommendations for loan applications and credit reviews that detail the creditworthiness of the requesting entity, and the effect a proposed loan will have on the credit of the bond bank.
• The written recommendation shall include historical and projected financial information, community support, project essentiality, debt coverage ratios if applicable, and all other relevant credit factors.
• Review and comment on all security documents prepared by bond counsel, including the bond resolutions, loan agreements, and other documents and agreements. 
• In the case of negotiated sale all documents of underwriter’s counsel shall also be reviewed and comments provided.
• The facts, statistical data, and other pertinent information to be contained therein, including in the appendices, shall be sufficient to permit prospective purchasers to properly evaluate and bid for the bonds. 
• Make recommendations concerning form and content that are deemed necessary to enhance the marketability of the financing and to comply with “full disclosure” guidelines.
• Provide information to, and coordinate with rating agencies when selling bonds. 
• This action must be taken sufficiently in advance that it allows the rating to be available prior to the date set for posting the preliminary official statement. 
• Assist in rating agency presentations when required either remotely or in person.
• Validate marketing plan of underwriters and provide analysis of proposed maturity, coupon and yield, interest rate structuring proposals to the bond bank. 
• Review all factors that may influence the final underwriting proposal. 
• This may include accumulation of presale orders, prevailing market conditions and near-term market trends, and interest rates and underwriting discounts on comparable offerings.
• Provide a post-sale evaluation of the marketing effort of underwriters and the market acceptance of the bonds. 
• This evaluation shall include an estimate of savings the authorized borrower received from using the bond bank. 
• Provide recommendations regarding future financing alternatives and the composition of the working group.
• Provide a loan analysis and credit review on all applications received by the bond bank. 
• Provide written recommendations on method of sale and timing of sale. 
• Negotiate terms of bond sales with underwriters when using a negotiated method of sale.
- Contract Period/Term: 1 year