Financial Advisory Services

The vendor is required to provide financial advisory services as it relates to planning, preparing, marketing, and distributing tax-exempt bond issues, notes, certificates, or other appropriate financial instruments for capital improvement programs or capital acquisitions, and general financial advisory services authorized by the county.
- Services relative to financing plan development
•    A thorough review and analysis of the existing financial resources and legal structure of the county, and a review of all relevant data pertaining to the project(s) planned by orange county; 
•    Recommendations for possible changes in or additions to the existing financial resources and legal structures; 
•    Review of existing debt structure and financial resources to determine available borrowing capacity and the desirability of refinancing any of the county's existing debt; 
•    Recommendation of the appropriate financial structure for proposed projects and provision to the county of information about the structure of financing programs used by other counties; 
•    Recommendations for the need for short or intermediate term financing prior to or in conjunction with long term financing; 
•    Advice on terms and features of bonds and on timing and marketing of bond issues; 
•    Providing the county with assistance with the preparation of cash flow forecasts for proposed issues addressing debt service requirements and sources of funding; and 
•    Performance of other related services as required as relates to development of a financing plan.
- Services relative to primary debt issuances
•    Evaluate and recommend a financial structure;
•    Prepare and update schedules (timetables) for each bond issuance and distribute to the working group;
•    Prepare or assist in the preparation of preliminary and final official statements;
•    Develop and assist in rating agency presentations;
•    Assist counsel in preparation of trust indentures, bond resolutions, loan agreements or similar documents;
•    Prepare bid documents (if appropriate, electronic), conduct offering activities and evaluate bids for competitive sales;
•    Assist in the selection of underwriters for negotiated sales;
•    Monitor market conditions and recommend optimal time for market entry;
•    Assist, when appropriate, in negotiating the gross spread and the interest rates for each maturity offered;
•    Participate and assist in closings;
•    Provide recommendations at the county's request on the investment of proceeds;
•    Obtain or assist in obtaining commitments from bond insurers;
•    Obtain bids or proposals for bond insurers, financial printing services, escrow verification services, paying agents, registrar and other services as required;
•    Provide an opinion as to the appropriateness and fairness of each bond issue including an evaluation of the underwriters' performance;
•    Present a report and summary conclusions on each bond issue to the board of county commissioners after closing; and
•    Perform other debt related services as required.
- Services relative to other financial planning and general financial advisory services
•    Computer modeling of revenue and expenditures;
•    Development of a master financing structure for multiple issues of debt;
•    Analysis of financing alternatives for specified programs or projects;
•    Development of goals, objectives and criteria to be incorporated in a long-range comprehensive debt management system;
•    Development of an extraordinary financing structure that is subsequently used by the county for issuance or refunding of debt;
•    Preparation of a rating agency program or presentation not directly related to the issuance of debt;
•    Financial and economic impact of specific programs being considered or proposed;
•    Provide investment management services such as escrow monitoring and restructuring (where appropriate);
•    Monitor the county's debt structure and provide innovative or creative ideas for enhancing the county’s position (i.e., improving coverage, reducing debt load, reducing interest rate, removing restrictive covenants, etc.); and
•    Perform other related services as required as it relates to financial planning and general financial advisory services.

- Contract Period/Term: 1 year
- Questions/Inquires Deadline: September 9, 2025