The firm will assist the District in the analysis, structure, issuance, and management of existing and future debt. The firm may also be called upon to provide other financial services deemed necessary by the District, including underwriting services. Near term needs include: · Annual short-term cash flow borrowing of approximately $50 million · Possible refinancing of existing general obligation debt. · Possible new debt issues for future improvements to District facilities up to $507 million beginning in 2025 1.2.2. The following is a listing of the services that the District expects to receive. 1.2.2.1. Assist the District in evaluating alternative mechanisms for financing capital improvements and/or ongoing expenses 1.2.2.2. Make recommendations to the District for structuring proposed new or refunded debt issues, such as current indebtedness, available revenue support, anticipated market response, and statutory constraints - including term of the debt, amortization schedule, amount of discount, call provision/features, and credit enhancement. 1.2.2.3. Make presentations, as requested, to the Board, relevant committees, and community groups regarding the recommended structure, timing, and tax impact of a debt issue. 1.2.2.4. Prepare a calendar of events for the issuance of debt instruments. 1.2.2.5. Develop and prepare the preliminary official statement, an official bid form, if applicable, and the final official statement. 1.2.2.6. Assist the District in the preparation of an official notice of sale, if applicable. 1.2.2.7. Make recommendations and assist the District in developing, implementing, and maintaining debt management strategies that promote the best possible bond rating. Coordinate, in collaboration with District staff, the rating request/review process with the designated credit rating agency. 1.2.2.8. Coordinate the debt issuance process with bond counsel and other participants. 1.2.2.9. Provide information on the financing to potential bidders, if applicable. Market and promote the debt issue to solicit a competitive debt sale. 1.2.2.10. Evaluate, verify, and make recommendations to the District regarding acceptance or rejection of final debt pricing including being available to answer questions from District staff and the Board of Education. 1.2.2.11. Attend meetings, if requested, of the Administration and/or Board of Education. 1.2.2.12. Coordinate the steps required to close the debt issue and deliver funds to the District, including preparation of closing documents, and coordination with the paying agent. 1.2.2.13. Prepare a compilation of all important documents, contracts, and records associated with each sale. 1.2.2.14. Provide on-going debt planning and management assistance to the District including analysis of opportunities for refunding existing debt. 1.2.2.15. Provide assistance with continuing disclosure reporting.
