Financial Advisory Services

The vendor is required to provide financial advisors, that meet the requirements below, to provide the best, most comprehensive and cost effective analytical and advisory services on matters of financial planning, policies and management; financial risk management; debt issuance and management; and other special project analyses on all items of financing for agency financial assistance programs.
- Ongoing non-transactional services to be provided include:
•    Assist in the formulation of financial and debt policies and administrative procedures for agency financial assistance programs as requested. 
•    Develop or review a customized excel cash flow model for the agency financial assistance programs, and default tolerance analyses relating to revenue bond programs. 
•    Analyze or review excel models for a program’s funding capacity. 
•    Provide debt service schedules reflecting varying interest rates, issue sizes, and maturity structures as needed for related fiscal planning. 
•    Attend meetings with staff, consultants and other professionals related to agency and its programs, as requested.
•    Undertake other financial planning and policy development assignments requested by program managers regarding bond and other financings and financial policy, including cash management issues and related fiscal policies and programs. 
•    Assist agency and program managers in preparing financial presentations for public hearings. 
•    Advise on changes in the market, disclosure and regulatory requirements as necessary. 
•    Advise on alternative financing or program structures. 
•    Advise as necessary regarding inquiries from the internal revenue service or external auditors. 
•    Notify agency of rating changes on its outstanding bonds within five (5) business days of the change. 
•    Provide other special financial services as requested by agency executive administrator, chief financial officer, development fund manager, general counsel, director of debt and portfolio management, or other person with written authorization from the executive administrator to request such services, a copy of which will be delivered to the advisor.
- The financial advisor will be responsible for all duties and services necessary or advisable to facilitate the issuance and administration of bonds and other obligations. as such, duties in connection with a debt transaction, including new money issuance and administration of bonds and other obligations, include but are not limited to the items listed below.
•    Advise the staff of new or changing developments and regulations in the municipal bond industry. 
•    Monitor and advise on refunding opportunities, debt defeasance, and other financial products that would help lower the cost of borrowing money and provide updates on market conditions and indicative pricing levels. 
•    Provide recommendations on the marketing of bonds including methods for enhancing the rating, advice on bond covenants, pledge of revenue, flow of funds, legal coverage requirements, municipal bond market trends, and timing of issuances.
•    Provide advice and assistance on the requirements of various financing structures, the principal amount of bonds to be sold, maturity schedules, call and put features, premiums and discounts, basis of awards and types of sales. 
•    Assist with the analysis and document preparation for the defeasance or redemption of bonds. 
•    Provide advice concerning the need for credit enhancement and assist in the negotiations regarding such. 
•    Prepare a distribution list and timeline to include identification of tasks to be completed and those responsible, as well as critical events and deadlines, for each financing undertaken.
•    If requested, prepare preliminary and final official statements and other offering documents as applicable to fully comply with all disclosure rules and requirements, which may be billed separately. 
•    Attend executive staff and board meetings, presenting information concerning issuance as requested.
•    Assist in making presentations and required submissions and obtaining approval of the bond review board, the legislative budget board, and any other state entity with jurisdiction concerning the issuance of bonds by agency.
•    Coordinate bond ratings for any proposed issuance and participate in the preparation of information required for submission to the bond rating agencies.
•    Monitor and assist in the negotiation of all fees and expenses incurred in connection with the issuance of the bonds.
•    Advise, inform and assist with the issuance’s due diligence conference call.
•    Provide guidance during pre-pricing and pricing negotiations with underwriters. 
•    Provide advice and support regarding the selection and bidding on permissible investments. 16)arrange for delivery of bonds and coordinate with bond counsel and registrar; oversee bond closings with successful bidder and senior underwriter, paying agent registrar, trustee, bond counsel, disclosure counsel, verification agent, and staff, including instructions for closing, and arrange for printing and mailing of final offering documents with printer.
•    Assist in closing and post-closing duties, including the development of closing memoranda (or memorandums).
•    Review the post-issuance summary memo, transaction summary presentation, and the final pricing book provided by the underwriters. 
•    Provide a debt schedule for the issue that includes, at a minimum, principal and interest requirements, and the true interest cost.
•    Advise as requested with continuing disclosure of financial information and operating data pursuant to all security and exchange commission rules.
•    Maintain records of agency outstanding bonds and payments made to facilitate validation of debt schedules.
- Budget: $6,075,000.00

- Contract Period/Term: 3 years
- Questions/Inquires Deadline: October 23, 2025