The vendor required to provide bond underwriting firms demonstrating significant experience and expertise in general municipal finance, with similar credits and security structures and knowledge of the city’s financing and debt-related policies and procedure
- Required services and tangible work products
• Make recommendations on all aspects of relevant financings including, but not limited to, the timing of sales of bonds, marketing, call provisions, and other structuring considerations;
• Assist with investor relations, including accessing new buyers and market sectors for city bonds;
• Keep the city abreast of market developments and financing techniques which might be applicable to the city’s financing programs;
• Provide as-needed financial information regarding market conditions and trends, financial products, credit and credit analysis, third party alternative financings, etc.;
• Prepare analyses and evaluations of potential refunding’s and new money issues;
• Assist the city’s financial advisor(s) in identifying tasks, assigning responsibilities and coordinating dates for completing activities related to the plan of finance;
• Review and evaluate financing options, financial feasibility studies (if applicable), legal documents, etc.;
• Review and assist in the preparation of disclosure and other legal documentation for both issuance of debt and continuing disclosure;
• Conduct and coordinate disclosure “due diligence” review of the city in consultation with underwriter’s counsel;
• Provide information on and participate in the selection of credit enhancement providers, if deemed appropriate for a particular financing;
• Develop a comprehensive marketing plan, including identification of potential investors and market conditions for alternative products;
• Market the bonds in a manner designed to achieve the lowest possible borrowing cost;
• Coordinate the investment banking process leading to the negotiated sale of the bonds, including preparation of detailed pre-pricing and final pricing books;
• Underwrite bonds, if necessary, to enable an orderly pricing and to meet the city’s goals for pricing;
• Provide issue price certification and any other certifications, if any, required by the city bond counsel, and;
• Assist in closing preparations, including draft closing memorandum.
- Contract Period/Term: 3 years
- Questions/Inquires Deadline: January 5, 2026
