SLED Opportunity · CALIFORNIA · CITY OF FRESNO
AI Summary
The City of Fresno seeks proposals for municipal advisor services to assist with debt issuance and financial planning for infrastructure improvements, under a 5-year contract with optional extensions.
The City of Fresno (the “City”) is soliciting proposals to administer certain municipal securities as detailed in the attached Sample Municipal Advisor Services Agreement, for a period of 5 years with two optional one-year extensions, subject to mutual agreement. Pre-Bid Meeting Information: No Online Q&A: No Location Information: Department: Finance Address: 2600 Fresno StreetSuite 2156Fresno, California93721 County: Fresno Other Details: The City, through its Finance Department, is soliciting proposals from qualified municipal advisors (the “Proposer”) to provide professional consulting services related to debt issuance and financial planning. The selected firm will assist the City in structuring cost-effective bond transactions, engaging with credit and insurance agencies, assessing market conditions, marketing bond sales, and evaluating underwriter bids.It is anticipated that the City plans to access the bond market within the next 6 to 12 months to finance $100 million in street and road infrastructure improvements. Additionally, other debt financings may be considered over the course of the agreement to support other capital needs such as utility or airport enterprises. A municipal advisor will assist the City in structuring the most cost effective financing mechanism by working with credit and insurance agencies, assessing market conditions, advertising bond sales, and evaluating bids from underwriters to purchase City bonds. Notes: SEE SPECIFICATIONS FOR FULL DETAILS
SLED stands for State, Local, and Education. These are solicitations issued by state governments, counties, cities, school districts, utilities, and higher education institutions — as opposed to federal agencies.
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