2014/05/07 Council Agenda Packet

3 • Advise the City concerning the need for credit enhancement and assist in the procurement and negotiation of related agreements; • Monitor and control fees and expenses incurred in connection with the issuance of bonds; • Coordinate electronic bid verifications and recommend acceptance or rejection of bids. Evaluate bids relative to the market and other comparable securities; • Assist in closing details and post-closing duties, including ensuring compliance with continuing disclosure filing requirements and providing a post transaction summary report. • Prepare post sale analysis describing the results of the sale in comparison with other financings in the market. • Maintain debt service records on all outstanding City debt; • Monitor and advise the City on refunding opportunities and other financial products that would benefit the City; • Assist in the development and evaluation of requests for proposals and other bidding documents for various services, including procurement of bond insurance and letters of credit. • Attend meetings to present recommendations and analysis and otherwise participate in the financings to assure that the structure, purpose, terms and costs of the issue are consistent with the City's best interests and industry practices. • Bring forward any actual or potential problems that the Financial Advisor may identify and provide recommendations regarding their solutions • Prepare written or oral analyses of unsolicited proposals from investment bankers. • Review and analyze implications for the City of proposed changes to federal, state and local tax and finance laws. • Prepare brief financial studies and reports, including current interest rate structures based on the City's credit rating, relating to potential financings, outstanding financings or funding alternatives for new projects. • Assist in other matters necessary or incidental to the issuance and administration of debt obligations. PROPOSAL FORMAT All proposals must be prepared in the standard format described below, in order to facilitate comparison and evaluation. Failure to follow the format or to address an area adequately may cause the proposal to be deemed unresponsive and excluded from consideration. Any proposed deviations from the requested scope of services must be noted and fully explained. A. COVER LETTER Prepare and submit a cover letter of transmittal. Include the name, address, and telephone number of the primary representative to be contacted regarding your proposal. B. QUALIFICATIONS Address the following areas: 1. Organization of firm and how its resources can be put to work for the City. 8