Government Contract | Virginia
ANNUAL CONTRACT FOR MUNICIPAL ADVISOR SERVICES

Bid Information


Bid Alert No: 00000419214

Bid Title: ANNUAL CONTRACT FOR MUNICIPAL ADVISOR SERVICES

Agency Bid No. Title: 15-9706-1CS

Received Date: 11/17/2015

Close Date: 12/11/2015

Purchase Type: Not Stated

Delivery Point: Various Locations, Virginia

Delivery Date: Not Stated

Special Notices: Questions Due By 11/23/2015 05:00 PM, Bidder Preregistration

Specifications

Specifications include, but are not limited to:1.Provide assistance to the County and related entities as requested, including the School Board, the Economic Development Authority, regional authorities, and tax districts (if created), with the issuance of General Obligation Public Improvement Bonds, Water and Sewer Revenue Bonds, lease revenue bonds, and other financing options permitted by the Code of Virginia, including, but not limited to, the timing, evaluation, sizing and structuring of the issues.a) Advise staff in determining the most appropriate method of sale, competitive or negotiated. If a competitive bid option is chosen, manage the solicitation, advertisement, and verification of bids.b) Assist in developing policies and practices that meet the Countys objective of obtaining the lowest practical interest cost and the widest competition of purchasers for its securities.2.Provide advice and assistance to staff with presentations to credit rating agencies, underwriters, institutional investors and other capital market entities, as needed.3. Assist staff with selection of underwriters and the review and evaluation of all underwriting bids submitted.4. Be proactive in providing advice and assistance on refunding of bond issues.a) Review the Countys outstanding debt and debt structure.b) Recommend strategies and opportunities to maximize savings and establish low cost financing where appropriate.5. Assist in the preparation and review of all legal and financing documents in coordination with the Countys Finance staff, the County Attorney, the Countys Bond Counsel and other relevant parties. Currently, with review of Bond Counsel, County staff prepares all disclosure information included in offering statements.6.Provide assistance with the development of a financing plan for the capital improvement program, including developing financial models that evaluate financing alternatives.7. Provide debt management and financial policy planning assistance with an emphasis on maintaining the triple AAA status for the Countys General Obligation Bonds and the AAA, Aa1,AAA ratings for Public Utilities Water and Sewer Revenue Bonds.8. Provide investment advice and/or strategies on issues such as, but not limited to:a) County overall investment policy and philosophy.b) Debt service reserve accountsc) Escrow fundsd) Other long term investments9. Provide direction in debt planning and management for County, Schools and Utility projects, special purpose tax districts, economic development alternatives, public/private partnerships, and multi-jurisdictional authorities.10. Perform other financial advisory services as required by the County.

Bid Related Documents

Download Document

Product Code: 94648

Agency Information


Issuing Agency: County of Henrico

State: Virginia

Agency Type: State and Local

Contact: Department of General Services, 4301 East Parham Rd, 2nd floor, Henrico, Virginia, 23228

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