Financial Advisor Services

The vendor is required to provide financial advisor services for a broad range of issues that covers the full spectrum of services customarily provided to governmental entities by financial advisors.
- Requirement:
•    Determine current and forecast the future city’s and successor agency's debt capacity. 
•    Provide a debt capacity and affordability analysis to include a range and upper limits of the level of debt which the city could prudently undertake over a specific period and still meet specific financial benchmarks for the general fund and, as needed, for the city’s major enterprise funds. 
•    Maintain a current view of the city’s and successor agency's outstanding debt and monitor refunding or refinancing opportunities. 
•    Analyze financial and economic factors on an on-going basis that will determine if the city and successor agency should proceed with refunding or refinancing existing debt. 
•    Advise and assist in connection with a modification of an outstanding bank loan, line of credit, or capital lease including, but not limited to, interest rate and other terms or covenant modifications. 
•    Develop a financing plan to meet the city’s and successor agency's construction timeline and projected cash flow needs. 
•    Evaluate and present alternative and creative financing structures considering the nature of projects being financed, including assessing and explaining the risks inherent in the alternative structures. 
•    Explore alternative financing vehicles or financing strategies for specific projects or initiatives (e.g., tax increment financing, tax credits, public and private partnerships, etc.) and project impacts on the future financial condition of the city taking into consideration costs and the effects various alternatives have on the city’s financial condition. 
•    Assist in the evaluation and selection of other members of a financing team as required. 
•    Coordinate the efforts of city staff, bond counsel, city attorney and any other legal counsel with respect to the preparation and approval of the financing documents by the city council. 
•    Recommend specific financial covenants, terms and provisions (including rate covenants), additional bonds tests, maturity schedules, timing of sale, call provisions and related matters. 
•    Prepare in the preparation of the official statement and review and provide appropriate revisions and recommendations to legal and other documents. 
•    Attend meetings with city staff, consultants and the city council and successor agency as requested and make presentations to explain debt related issues.
•    Prepare and coordinate presentations to rating services and bond insurers. 
•    Recommend a method of sale and advise to securities market as to market conditions and timing of sale. 
•    The city and successor agency elect to offer its securities through public sale, coordinate the notice and bid process, and calculate the true interest cost of each bid received to determine the best bidder. 
•    The city and successor agency elect to offer its securities through a negotiated sale, assist the city and successor agency in the selection of an underwriter, and negotiate underwriting spread, interest rates and other terms on behalf of the city and successor agency. 
•    Assist in planning the investment of proceeds. 
•    Advise on compliance with federal and state regulations. 
•    Assist city staff with any project or activity or provide such other financial advisory services not specifically described above. 
•    The financial advisor will be available to provide additional analysis and advice as requested, and to provide appropriate training to city staff.
- Budget for FY 2025-26, net of reimbursements and transfers, is approximately $796.6 million, of which $4834.3 million is in the general fund.

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