Specifications include, but are not limited to: Documentation / Pre-Marketing Phase • Develop and present a financing structure for a given transaction (incorporating multi-year financings as applicable) and provide periodic updates given changes in market dynamics leading up to the sale; • Provide feedback on legal security, bond covenants, debt service reserve requirements, etc...; • In coordination with the City’s disclosure counsel and other working group members, review and provide comments on the preliminary official statement and other bond documents; • Assist in credit rating strategy; • Engage in pre-marketing activities to ensure the widest possible investor interest, including evaluation of potential strategies regarding retail investors; and • Other duties as assigned. Marketing / Pricing Phase • Develop comprehensive marketing strategy and engage in marketing efforts to generate investor interest; ▪ Effectively expand the existing investor base by garnering orders from investors new to the City’s credit(s); • Provide on-going information on market conditions; ▪ Make recommendations regarding maturities, couponing of bonds and call features; • Prepare “pre-pricing book”, including (1) recommended pricing levels by the underwriting syndicate (supported by a summary of market conditions at that time), (2) comparable primary market transactions, (3) relevant secondary market trading activity; ▪ Circulation of the “pre-pricing book” to precede bond sale by at least three business days; • Lead pre-pricing and pricing conference calls with working group; • Manage and coordinate order period with co-managing underwriters and appropriately allocate bonds; • Provide the City and its financial advisor the ability to monitor order flow; • Underwrite proportionate share of unsold balances relative to your firm’s liability; • Provide information required to complete the transaction’s issue price certificate.