Laserfiche WebLink
3 <br /> City of Everett <br /> REQUEST FOR QUALIFICATIONS <br /> RFQ No. 2014-045 <br /> Financial Advisor for Debt Issuance <br /> OVERVIEW <br /> Sealed Statements of Qualifications will be received by the City of Everett, City Clerk, 1st <br /> Floor,2930 Wetmore Avenue,Everett,Washington 98201 until 2:00 p.m. on Tuesday, June 3, <br /> 2014, for an independent Financial Advisor to support the debt issuance activity of the City. The <br /> initial debt issue under this contract is expected to occur in 2014. <br /> QUALIFICATIONS AND EXPERIENCE <br /> Minimum Qualifications: <br /> Proposing firms must have experience in providing financial advisory services to municipal bond <br /> issuers in the state of Washington, with debt programs similar in size to the City of Everett, for <br /> both negotiated and competitive transactions, closing during the last three(3)years. <br /> Any Financial Advisor selected by the City will be required to enter into a Professional Services <br /> Agreement substantially similar to the agreement provided as Attachment A prior to performing <br /> any services for the City of Everett. <br /> SCOPE OF WORK <br /> Financial Advisory Services to be provided include,but are not limited to, all duties and services <br /> necessary or advisable to facilitate the issuance of bonds and other obligations as follows: <br /> • Provide recommendations regarding the timing, structure,conditions and form of debt <br /> issuance, including evaluation of bond insurance costs <br /> • If a competitive sale is selected, assist in the preparation of bids, formation of bidding <br /> syndicates and review of the bids received. <br /> • If a negotiated sale is selected, advise the City concerning the number and qualifications <br /> of the managing underwriters and their compensation level, market trends, and interest <br /> rates proposed by the managing underwriters at the point of entry to the market. <br /> • Assist in the preparation of information for rating agency presentations, schedule and <br /> assist in the presentations, and act as a liaison with the agencies,providing information as <br /> needed to maintain and improve the City's ratings; <br /> • Coordinate and prepare Preliminary and Final Official Statements, and other financing <br /> documents, including arranging for printing,mailing, and online posting for prospective <br /> investors; <br /> 7 <br />