Specifications include, but are not limited to: The City intends to hire one or more underwriter(s) for the transaction. The underwriter(s) shall perform the following services as directed by the City and its Municipal Advisor: 1. Propose structuring alternatives, market data, and innovations that minimize the City’s cost of capital while maintaining future financing flexibility. 2. Prepare schedules and interest rate scales based on alternative structures. 3. Adhere to the City’s financing schedules and calendar of events. 4. Prepare pricing memos, discuss marketing conditions, compile market comparables, and prepare preliminary pricing scales, (if applicable: syndicate rules, syndicate price views) and marketing compensation. 5. Assist in the drafting and review of relevant documents. 6. Identify the market and potential investors that are most likely to purchase any and all securities offered at rates most favorable to the City. 7. Conduct bond sale conference calls. 8. Assess market conditions and investor demand and their impact on the economics and/or optimal timing of the City’s financing. 9. Market and distribute bonds. 10. Commit capital as necessary to maintain the lowest possible interest rates for the City. 11. Provide post-pricing analysis including pricing, orders, allotments, designations, etc.
