Specifications include, but are not limited to: The financial advisor may be requested to assist staff in the following areas: Debt Program: • Provide creative solutions to funding, financing, restructuring, investment, cash flow, and other monetary challenges that may arise for the M2 program, 91 Express Lanes, 405 Express Lanes, or other OCTA programs. • Maintain and update the I-405 Improvement Project financial plan and the 405 Express Lanes financial model based on the issuance of M2 bonds and a Transportation Infrastructure Finance and Innovation Act (TIFIA) loan. • Assist with the development, review, and negotiation of terms for any future TIFIA program loan or similar type loan. This includes assistance with the Letter of Interest, applications, indicative rating reviews, and meetings with TIFIA. • Evaluate potential bond issues, restructurings, refundings, advance refundings, short-term financing mechanisms, leases, derivative products, and investment strategies. • Assist staff in soliciting and/or reviewing proposals for bond counsel, underwriter(s), issuing and paying agents, letter of credit providers, liquidity providers, trustees, printers etc., if necessary. • Assist in the structuring of Bond/COP/TECP issues including: rating agency / investor preparations, sizing and timing of sale, callability, maturities, reserve funds, capitalized interest, and other matters which may assist in obtaining the lowest interest cost for the issue. Provide advice, written analysis, and assistance regarding the benefits of possible credit enhancements and/or the use of financial products. • Prepare written reports before and after pricing indicating market comparables (including gross spread, management fee, and takedown comparables) and overall market conditions. • Serve as OCTA’s agent with respect to the pricing of the bonds and minimizing the cost of issuance. • Provide oral and/or written updates on debt obligations to the Board of Directors and sub-committees. • Assist OCTA staff in the review of all bond allocations to assure equity among the financing team and assist in the preparation of a written report supporting the bond allocation process. Investment Program: • Provide advice, written analysis, and assistance regarding the annual adoption of OCTA’s investment policy, if necessary. • Assist OCTA staff in the review and reporting of all investment portfolio benchmarks for actively managed investments. • Evaluate investment alternatives for bond proceeds construction funds and debt service reserve funds. • Review investment instrument agreements on an as-needed basis. • Conduct and/or assist in the competitive bid process for the selection of investment instruments on an as-needed basis. Other Programs: • Assist with the analysis of existing and future traffic and revenue forecasts. • Assist in analyzing future tolled facilities and express lanes projects. • Advise on revenue enhancing opportunities for OCTA programs. • Provide assistance with the planning, organizing, and presentations for rating agency/investor relations meetings. • Other matters as-needed.