The services to be provided are all those professional services customarily provided by a financial advisor to a governmental entity of a size and scope commensurate to that of the Township and shall include advice and assistance with respect to debt financings and other financial services contemplated by the Township including, but not limited to, the following: Provide general financial advice as requested by the governing body, Township Administrator and the Chief Financial Officer. Assistance in developing the plan of finance in connection with any financing including determining the amount, maturity structure, call provisions and other terms and conditions. Assistance in deciding whether each issue can and/or should be sold on a negotiated, competitive, or private placement basis; Evaluation of the terms and recommendationsto the Township for acceptance, rejection or renegotiation with respect to sale bids or final pricing as applicable; Review of necessary legal documents concerning debt transactions; Assist with the preparation of official statements, including ongoing updating of demographic data and financial statistics included therein; Preparation of Local Finance Board applications for financings and presentation of such applications to the Board as required by State law; Preparation and presentation of timely and adequate information on proposed financings to the bond rating agencies to obtain the most favorable rating for each financing; to include the maintenance of a regular relationship between the Township and the rating agencies for purposes of improving the process of obtaining ratings; Coordination of such matters as bond registration, printing, investment of proceeds and other matters related to the settlement and delivery of bonds and notes; Determining if there are any benefits of utilizing credit enhancement to lower debt service costs; Attend meetings of the Township and its staff on an as-needed basis to discuss upcoming financings and assist in development and implementation of new financing programs; Coordination of the activities of professionals on the financing team for a transaction, including preparation of schedules; Assistance in the selection of and negotiation with investment banks as to the terms of any agreement for provision of underwriting services; Advise on redevelopment or economic revitalization projects including cost/benefit and tax impact analysis, budget consulting, cash flow modeling and review of financial and security agreements Evaluate the projected cash flow from any revenue sources that may constitute security for any obligation incurred; Review existing revenue sharing agreements, tax rebate agreements and debt commitments to determine potential impacts, if any, on the proposed financing and make appropriate recommendations to the Township’s financing team.
