Underwriter Services

The Vendor is required to provide professional underwriter services for the issuance of community facilities districts (CFDS) and other land secured financings.
- The main focus is to serve as a key member of the financing team providing strategic advice, transaction structuring, market analysis, investor outreach, bond marketing, underwriting, and closing support to assist the City in achieving successful financing outcomes.
- Provide a full-service charter city providing a range of services including police, fire, animal care, library, public works, parks and recreation, development services, and economic development.
- The bonds are anticipated to be sold in the fourth quarter 2026, once the public City park is finished and ready to be turned over, or once the project is halfway built, sold and closed.
- Transaction Planning and Advisory Support
• Provide ongoing information regarding market conditions, investor demand, and transaction timing considerations.
• Advise the City on the optimal timing, sizing, and structure of each financing.
• Identify, evaluate, and explain the benefits and risks of alternative financing structures.
• Assist in assessing the benefits of credit enhancement, reserve fund strategies, and other structural features.
• Provide insight into investor preferences and credit considerations relevant to the City’s financing types.
- Document Review and Due Diligence
• Review and comment on all financing documents, including preliminary and final official statements, resolutions, indentures/trust agreements, escrow agreements, and related materials.
• Participate in due diligence calls and meetings with the financing team.
• Assist in preparing disclosure materials and ensuring compliance with applicable federal securities laws.
- Rating Agency and Investor Outreach
• Assist in preparing materials and participating in presentations to rating agencies, investors, the City Council, and other stakeholders.
• Provide analysis and recommendations to support the City in achieving the strongest possible credit profile.
- Structuring, Marketing, and Sale
• Work with the financing team to develop and execute a financing strategy that reflects legal requirements, existing structural parameters, and current market conditions.
• Develop a marketing plan designed to achieve the most favorable terms for the bonds.
• Structure, schedule, and lead the marketing and sale of the bonds.
• Market the bonds in a manner designed to achieve the lowest possible borrowing cost.
• Underwrite the bonds at appropriate market yields.
- Closing and Post‑Sale Support
• Coordinate with the financing team to complete all closing requirements and ensure timely delivery of funds.
• Provide post‑pricing analysis, including order flow, investor participation, and pricing relative to benchmarks.
• Perform other customary underwriting duties as requested by the City.