Specifications include, but are not limited to: The successful proposer (“Contractor”) would act as an independent advisor to the County Board of
Supervisors, the DAC and staff by proactively providing independent professional advice and
recommendations that benefit the County by reducing its debt exposure, reducing debt costs, and supporting
policy formulation that allows the County to better serve all those involved in the debt process. It is the intent
of County that the Contractor, its parent or subsidiary firms, or otherwise related firms will not participate in
any financing transactions for the County, Special Districts, Community Development and Housing, or the
County Successor Agency (former Redevelopment Agency) while the Contractor serves as the independent
financial advisor under this contract. This requirement can be waived by the Board of Supervisors. Specific
tasks include, but may not be limited to:
A. Ongoing review and analysis of the County’s debt portfolio, and identification of refunding opportunities
for existing County debt. Review as needed of proposed Special Districts, Community Development and
Housing, and the County Successor Agency (former Redevelopment Agency) financings.
B. Ongoing monitoring and recommendations regarding the County’s variable rate debt.
C. At least once a year (and more often if required or requested) prepare a comprehensive report which
reviews all of the County’s debt and includes a debt reduction plan, to include the following components:
1. Debt affordability analysis and compilation of other relevant statistics (debt ratios, etc.),
2. Listing of all County debt including TIC, maturity, outstanding par, description, and a schedule of
3. Refinancing/restructuring opportunities,
4. Analysis of the conversion of variable-rate debt to fixed-rate debt,
5. Debt reduction plan for the use of reserves and one-time monies to defease existing debt, and
6. Analysis of potential for debt financing of future capital needs identified in the County’s Five Year
Capital Improvement Program plan.
D. Analysis of “pay-as-you-go” versus debt financing for new capital projects identified by the County.
E. Prepare periodic debt affordability analysis and other relevant statistics for the County.
F. Assist with presentation and discussions with rating agencies.
G. Ongoing assistance to County staff and to the DAC including attendance at the DAC’s monthly meetings.
H. The Contractor should proactively review the County debt policy and provide advice to improve the
County’s policies, practice and procedures. The Contractor should be familiar with of all debt issues
statewide to glean ideas that would benefit County. A copy of the current County debt policy is provided
as Attachment O.