1. Bond Counsel: § Advise and assist the Borough with all aspects of bonds and/or general obligation notes, including planning and coordination, drafting necessary documents, tax law compliance and related legal advice. § Provide and work collaboratively with a qualified municipal financial advisor associated with the firm to evaluate financing options for construction of large capital projects, including the construction of a new Public Safety Services Facility. § Advise the Borough concerning legal requirements applicable to the issuance of bonds (including general obligation notes) § Prepare the necessary proceedings, notices, and other documents for the issuance of bonds § Advise the Borough concerning the requirements of state and federal laws relating to the necessary disclosure of factual and legal information § Prepare all closing documents § Consult with underwriters and financial advisors in preparation of official statements in connection with the bonds § Advise on current regulations and/or IRS code rulings that may affect Borough policies, programs, or processes regarding bond issuance and post-bond issuance § Advise the Borough regarding amendments to federal tax law, state law and indentures § Provide support and advice on cost efficiencies through the process § Prepare timetables for issuance of bonds and notes § Prepare the necessary ordinances, resolutions and other authorizing documents for the preparation of bonds and notes. § Provide such other legal services as requested by the Borough Municipal Financial Advisory Services (To Be Provided/Recommended by Bond Counsel) § Assist Borough staff in the development of a comprehensive plan of finance for the construction of the Public Safety Services Facility and any other applicable capital projects. § Evaluate and provide recommendations regarding the Borough proceeding with getting a bond rating. If recommended, provide advice on approaches to rating(s), assist with preparing presentation(s), and participating in the rating(s) presentation. § Advise the Borough on key financial issues and metrics that may be of a particular focus to both rating agencies and prospective investors § Design or actively participate in the design of the Borough’s current and future debt structure § Review pricing, underwriter roles, and allocation of bonds § Coordinate with Borough Council, Borough administration, bond counsel and underwriters on completing tasks leading up to and closing on a bond sale. Assist the Borough in coordinating receipt and disbursement of funds on the settlement date. § Assist the Borough in identifying legislative developments (state and federal), including new funding options, that may help reduce the Borough’s overall cost of financing. § Review current Borough policies on minimum debt service coverage ratios, reserves, and cash balance targets, and recommend changes, if any with addition of new financing § Prepare and update debt amortization for new and existing debt § Prepare and deliver presentations designed to facilitate an understanding of public sector financing and its implications to public officials and residents § Assist Borough staff with other large capital project-related financing needs as applicable including special reports and analyses as necessary.
