Financial Advisory Services

The vendor is required to provide from qualified firms interested in serving as the city’s financial advisor to provide advice for future bond issuance.
- Include for services:
• Review the city’s existing capital financing plans, evaluate alternatives, and assist with the coordination of those plans or assist with the development of new, separate financing plans.
• Design and conduct sales for the city for competitive marketing or negotiated sales of debt issues.
• Assist the city in reviewing opportunities to refinance and restructure its existing debt in order to reduce costs or to otherwise implement the city’s financial objectives.
• Advise on methods of bond sales (where appropriate).
• Develop RFPs for paying agent and other services related to the sale of the securities.
• Recommend timing of bond sales.
• Identify tasks, responsibilities, and dates for completing activities leading up to bond sales.
• Design, or actively participate in the design of debt structure.
• Provide advice on approaches to ratings and assist with rating presentations and the preparation of the presentation.
• Assist in preparing and reviewing documents, including preliminary and final official statements.
• Conduct pre-marketing of issues (competitive sale).
• Evaluate bids, including accuracy of tic calculation, and recommend award (competitive sale).
• Review pricing, underwriter roles, and allocation of bonds (negotiated sale).
• Coordinate closing arrangements with the city, bond counsel and underwriter.
• Assist the comptroller in coordinating receipt and disbursement of funds on the settlement date.
• Provide assistance on investment of bond proceeds (if appropriate).
• Provide advice related to compliance with arbitrage regulations.
• Assist with the presentation of recommendations to city management and board of estimate.
• Assist the city in securing, or providing, paying agency services for bonds and notes.
• Should circumstances require municipal bond insurance, assist the city in coverage qualification and, if necessary, making presentations to municipal bond insurance companies.
• Analyze premium costs and the impact on the financing rate.
• Preparation of analytical data and projections related to internal evaluations of capital projects and city liabilities including outstanding indebtedness.
• Provide assistance to the finance director during the budget process to assist in answering questions from elected officials.
• Develop capital financing plans for equipment and assets.
• Develop financial analyses and special reports as requested.
• Assist the city in developing financial policies for capital and debt planning.
- Contract Period/Term: 2 years
- Questions/Inquires Deadline: May 19, 2025