The vendor required to provide registered municipal advisor to act as advisor on all matters associated with agency debt issuance, debt restructuring, debt policies and debt management.
- Requirement:
• Review of existing debt structure and financial resources of agency to determine available borrowing capacity.
• Identify strengths and weaknesses of the structure so that future debt issues can be designed to maximize flexibility to finance future capital needs.
• Monitor and evaluate refunding opportunities in agency outstanding debt obligations.
• Design all features of bond issues and perform all functions to facilitate the marketing and sales of bond issues including, but not limited to, the following:
o Recommend sizing, timing, structuring, maturity schedules, types of bonds, coupon rates, registration, call features, etc.
o Coordinate preparation of official statements, advertisements, bond calendar, and notice of sale for bond issue in conjunction with bond counsel and the agency board of directors.
o Assist at bond closings and coordinate the printing, signing, and delivery of bonds as well as expedite the transfer of funds.
o Assist with the preparation of cash flow forecasts for proposed bond issues addressing debt service requirements and sources of funding including compliance with arbitrage requirements.
o Perform debt affordability studies, including key debt ratios.
o Develop working relationships with trustees, paying agents, remarketing agents, and other financial intermediaries, including bond counsel, as necessary.
• Assist in negotiation of expenses associated with a bond sale.
• Coordinate applications for credit ratings in order to obtain the highest possible credit rating; specifically, by maintaining open communication with rating agencies regarding agency and preparing presentation packages.
• Prepare applications for bond insurance, letter of credit, and other credit enhancement devises as needed.
• Analyze the savings, which will result from the use of recommended credit enhancement devices.
• Develop and recommend strategies to maintain and improve credit ratings.
• Advise on proposed and actual changes in tax laws and changes in financial markets that could affect the bond financing plans.
• Identify new strategies and initiatives to enhance debt performance and lower costs.
• Consult with agency and its financial personnel, as needed, regarding various financing options including, but not limited to, funding.
• Provide investment advice relative to individual bond issuances.
• Analyze and recommend strategies to reduce financial risks associated with bond and swap portfolio including the following risks: market access, counterparty, basis, market-to market, collateral, and liquidity.
• Assist in the identification of financing alternatives and recommend adjustments where appropriate.
• Provide and interpret market information including interest rates, debt issuance and current information on financial trends in the municipal debt markets as needed.
• Assist in analyzing potential issues and developing alternatives relating to existing bond holders that could arise from agency entering into new ventures including acquisitions, consolidations, partnerships, etc.
• Act as an expert witness or spokesperson before governmental bodies, organizations, or public forums including agency board and committee meetings.
- Budget: $735 million
- Contract Period/Term: 1 year
- Non-Mandatory Pre-Bid Meeting Date: January 12, 2026
- Questions/Inquires Deadline: January 19, 2026
