Municipal Financial Advisory Services

The vendor is required to provide municipal financial advisory services to assist the city with debt obligations including bond financing and financial planning for capital projects and may be appointed to complete special projects as needed.
- Requirement:
•    Assist with the development of financing plans, strategies and policies. 
•    This includes analyzing short-term, intermediate and long-term financing options; 
•    With respect to bond financing, assist in sizing and structuring of the sale, prepare credit presentations, determine the maturing schedule, and any other matters which may assist the city in obtaining the lowest practical interest cost and widest competition for purchase of its obligations;
•    Participate in bond document or other debt instrument review sessions. 
•    Review and comment on the preliminary and final official statements, and participate in due diligence meetings;
•    Analyze the cost benefit of different structuring and pricing options. 
•    Make recommendations relating to various financing options to secure the lowest practical interest rate and optimize city resources while maintaining a prudent level of risk. 
•    Identify the advantages and disadvantages of any recommendations;
•    Participate in all pricing discussions. 
•    Provide data on market comparable and different indices that can be used in pricing discussions. 
•    Provide a cost and benefit analysis of different structuring and pricing options. 
•    Provide independent price guidance for each maturity across a range of couponing alternatives. 
•    Analyze and recommend fair pricing levels based on historical pricings and the pricing of comparable credits in the then current municipal bond markets;
•    Advise in negotiating components of the underwriters’ spread, pricing and other terms; 
•    Assist with any necessary steps and can demonstrate the reasonableness of the total cost of issuance. 
•    This includes all professional fees – e.g., Bond and disclosure council, underwriter, trustee, dissemination agent and other costs; 
•    Upon request, provide input on the cost of alternative redemption or call features; 
•    Analyze any proposals for new products as they pertain to a particular financing; 
•    Assist with forming and implementing a rating strategy to optimize the city’s credit ratings including preparing any presentation before ratings agencies, or other parties as appropriate; 
•    Assist in coordination with the city’s bond counsel, in ensuring all applicable laws and regulations relating to security offerings are followed; 
•    Monitor the transaction process including both pre and post-closing duties. 
•    Ensure that all documents contained in the transaction are accurate and the terms are fully understood by city staff; 
•    Review and report on the feasibility of potential refunding of outstanding bonds; 
•    Attend city council or other city meetings when requested on matters concerning financing techniques and bond or other debt issues; 
•    Advise on state and federal legislation related to municipal financing matters and potential impact of the proposed legislation on the city;
•    Provide additional services as needed from time to time including, but not limited to special projects;
•    Perform such other functions normally contemplated to be within the scope of a fully qualified municipal financial advisor.

- Contract Period/Term: 3 years
- Questions/Inquires Deadline: February 16, 2026