Municipal Advisory Services

The Vendor is required to provide a full range of municipal advisory services to the city.
- Municipal advisory firm knowledgeable of the city’s financial operations, demographic and economic factors, and long-term capital program requirements.
- Consulting services include:
A. Debt issuance services
- Pre-issuance assistance
• Evaluate possible financing options for the city including analysis of taxing and bonding capacity for new money issuances and continued assessment of outstanding bond issues for refinancing potential.
• Prepare financing schedule based on the city’s needs, advice the city on reasons for proposed changes to the schedule and the logic behind such alterations and assist all parties in the time management to keep the bond issuance moving forward on the city’s timeline.
• Advise the city in evaluating all available options for credit enhancement, method of sale, and the type and terms of any bonds to be issued.
• Conduct proposal process for bond team, including underwriter, bond counsel and disclosure counsel for the potential new bond issuances and refinancing of existing bonds.
• Assist in structuring and marketing bond transactions for competitive sale (if applicable) through consistent communication with underwriters and investors.
• Coordinate and minimize debt issuance costs with various professionals.
• Create presentations and attend any meetings or conference calls as required or requested by the city related to pre-issuance, including but not limited to, resolution of intent council meetings, financing team interviews and discussions of financing models and needs.
- Financial condition review
• Evaluate possible financing and refinancing options for the city using commonly accepted standards.
• Review, evaluate, and comment on adequacy of prepared financial forecast studies.
• Prepare a written report regarding the feasibility of issuing bonds through analysis of revenues and/or funds pledged to support the bonds; present such report to the city council if requested.
- Financing and legal document preparation and review
• Coordinate proposal process associated with debt issuance.
• Attend organizational, document review, and special meetings or conference calls related to the bond financing as required or requested by the city.
• Evaluate, advice, and consult with the city and disclosure and/or bond counsel regarding financial and non-financial bond covenants of each bond issue.
• Assist in furnishing material and data to rating agencies, bond insurers, letter of credit providers and other professionals as needed to facilitate the issuance process.
• Advice staff as to relevant criteria applied by major rating agencies, develop written presentations for rating agencies, prepare staff in advance of rating presentations, and participate in the rating presentations by attending rating meetings and conference calls.
- Market the bonds through consistent communication with underwriters, coordinate presale advertisement of bonds in known publications, such as the bond buyer and city, and advise the city as to appropriate timing of the competitive sale to ensure maximum participation.
- Assist in resizing and restructuring of bonds based on bidding results, including comparable sales data.
- Monitor ongoing disclosure obligations, maintain a compliance calendar, and provide reminders to ensure timely submission of all required filings.
- Provide training or guidance to key city staff, as needed, on continuing disclosure requirements, best practices, and emerging regulatory issues.
- Contract Period/Term: 3 years
- Questions/Inquires Deadline: March 14, 2025