Financial Advisory Services

The Vendor is required to provide on‐going financial advisory and consulting services for a period of 3 years, commencing with the effective date noted at the time award is made to the firm.
- Requirement:
• Financial advisor on all city debt issuances;
• Monitor and advise city on potential debt refunding’s;
• Advise on optimal financing structure which best meets city’s needs (e.g. competitive bid sale, negotiated sale, private bank placement, etc.);
• Assist city in organizing the financing team for transactions;
• Assist the city by completing the RFP process for selecting underwriting or bank placement, as needed;
• Assist the city in selection process of bond attorney, as needed;
• Develop and distribute calendar of finance to financing team participants;
• Review all financing documents on city’s behalf and advise city on related matters;
• Assist in updating city information contained in the official statement;
• Assist city in obtaining bond ratings.
• Coordinate and organize rating agency meetings;
• Prepare city material and presentations for ratings meetings.
• Assist city in ratings meetings presentation;
• On competitive bid sale, perform bond resizing on winning bid to account for bond premium or other necessary adjustments, as needed.
• Develop financial and debt models to aid the city in determining bond issuance capacity, tax rate impact of new debt, and other variables.
• Ad hoc market updates to city for modeling and various presentations to management and elected officials.
• Yearly credit report to benchmark the city to peers and summarize rating strengths and weaknesses.