Government Contract | Georgia
Bond Underwriting Services

Bid Information

Bid Alert No: 00000554441

Bid Title: Bond Underwriting Services

Agency Bid No. Title: BU-2016

Received Date: 04/26/2016

Close Date: 05/06/2016

Purchase Type: 60 month contract

Delivery Point:

Delivery Date: Not Stated

Special Notices: Questions Due By 04/26/2016 02:00 PM


Specifications include, but are not limited to:The Cherokee County School District (CCSD) is currently considering renewing its education Special Purpose Local Option Sales Tax (SPLOST IV) on November 8, 2016. In conjunction, with the extension of the SPLOST, CCSD will seek voter approval for up to $115 million of general obligation (GO) bonds to be issued as needed throughout the term of SPLOST IV. The GO bonds will be up to 20-year bonds paid for the initial 5 years from SPLOST IV proceeds and future SPLOST revenues if renewed after 2022 (assumed expiration of SPLOST IV) and beyond. In the event the education SPLOST is not renewed in 2022, the GO bonds will be paid from a GO bond millage rate levy on real property located in Cherokee County.CCSD plans to use the GO bond proceeds to finance renovations/repairs and additions to existing schools; new educational buildings, including support facilities as well as schools; land acquisition; new technology/computers and new buses. Proceeds of SPLOST IV will be used to pay debt service on existing GO bonds, debt service and cost of issuance on the proposed GO bonds and CCSDs pay-as-you-go capital needs.In connection with planning the proposed SPLOST/bond referenda, CCSD is soliciting proposals from investment banking firms to provide bond underwriting services. The selected firm(s) will work with CCSD, its Financial Advisor and its legal team (the Financing Team) on SPLOST modeling and bond structuring; preparation of the Resolution Calling the SPLOST/Bond Referenda; referendum planning and assistance; timing of the bond sales; credit ratings and bond insurance bids for the bonds; pricing and marketing the bonds and reinvestment of bond proceeds. Questions regarding this proposal should be addressed to Elizabeth Robertson, via email No other contact with CCSD employees or Board members will be allowed prior to the Boards final selection. Firms that do not comply with this request will be subject to disqualification. CCSD will not reimburse any firm for costs associated with the preparation of a response to the RFP. CCSD reserves the right to reject any and all proposals and to waive any irregularities in responses to this RFP. Proposals shall be deemed valid for a period of 60 days or until accepted. All fees and expenses related to the proposed referendum and bond financings will be paid from GO bond proceeds when bonds are issued. If the proposed referendum fails or the proposed bond issue(s) do not close for any reason, CCSD will not be responsible for costs and/or expenses incurred by the underwriter.

Product Code: 94600

Agency Information

Issuing Agency: Cherokee County School District

State: Georgia

Agency Type: State and Local

Contact: Elizabeth Robertson




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