Financial Advisory Services

The Vendor is required to provide financial advisory services in the following areas: general obligation bonds, capital lease financing, public private partnerships and tax increment financing.
- Requirement:
• Advise on general market conditions and outlook for municipal bonds, certificates of participation cops and capital leases including, but not limited to, new issues, refunding, new products, derivatives, market trends, and investor preferences, and perform analyses related to such matters;
• Advise on the structuring of bond issues, including the use and amount of fixed and variable rate debt, serial and term bonds, maturity schedules, refunding, and other structuring options to achieve the lowest rates while maintaining the county’s credit ratings;
• Prepare cash flows both prior to and after the issuance of securities as requested;
• Analyze various financing proposals that are presented by investment bankers;
• The preparation and review of materials for the preliminary and final official statements, other offering documents, and closing documents as requested;
• Advise the county about continuing disclosure requirements and best practices.
• Advise on rating agency matters and strategies for rating agency meetings including, if requested, the preparation of materials in final form for inclusion in a briefing book for rating agency visits or calls, scheduling of meetings, identification and background of rating agency personnel and a synopsis of their likely concerns;
• Any training, newsletter and other informational material routinely provided to clients;
• Advise on all issues relating to the marketability of county bonds and perform analysis related to the marketing of the bonds;
• Attend bond sales, assist in the evaluation of bids for both competitive and negotiated sales, and recommend acceptance of bids;
• Complete post bond sale analyses if requested.
• Sales, review bond underwriter performance and costs of issuance.
• Report the results of the sale compared to similar transactions in the market and the distribution of bonds among the underwriters.
• For competitive sales, compare the results with municipal market data information, other indices, and other similar transactions in the market at the time of the general obligation sale.
• For variable rate debt, report remarketing results;
• Guidance on post-sale compliance matters, as requested;
• Advise on other matters as required including, but not limited to, matters related to debt affordability, budgeting of debt service, and alternative ways to finance capital projects other than general obligation bonds, such as the use of public-private partnerships, securitization of revenue streams, etc.;
• Advise on revising and updating debt, swap and disclosure policies.
• Advise on the issuance and reporting of hedged and unhedged variable rate debt.
• Advise on written post-issuance compliance policies and procedures;
• Assist in the procurement and selection (including by subcontract when and as directed) of agents and services necessary or desirable for the sale and issuance of county bonds and capital leases, including but not limited to verification agents, underwriters, remarketing agents, dealers, tender agents, insurers, liquidity providers, counterparties, printers, electronic bidding and posting services and advertising.
• Review the performance of any of these entities at the request of the county;
• Assist in any response to inquiries or audits from any of these agencies;
• Assistance, and when appropriate, training to the county staff in order to enhance county capacity for a variety of bond-related activities;
• Assist in any matters regarding capital leases, including bidding, structuring, and sale alternatives such as cops;
• Perform other tasks consistent with the purpose of this solicitation as may be specified by the county including any other services necessary, customary, or incidental to the sale of the issuance of debt and the financing of capital projects including but not limited to: preparation of term sheets and solicitation of bids for the private sale of certain bonds and capital leases.