1. Participant Assistance a. Evaluate possible financing options for the Township, including but not limited to the use of Build America Bonds and 63-20 financing structures b. Evaluate potential underwriters for a negotiated sale or define process for competitive sale c. Evaluate and assist in securing credit enhancement if necessary d. Evaluate trustee proposals 2. Participant Financial Condition Review a. Evaluate participant credit quality and financial strength using typical industry standards b. Review, evaluate and comment on adequacy of financial forecast studies c. Prepare written report to the Township regarding the feasibility of issuing bonds and sufficiency of revenues and funds pledged to support the bonds 3. Bond Document Participation and Review a. Attend all organizational, document review, and special meetings related to a bond financing b. Evaluate, advise, and consult with the Township and Bond Council regarding financial and non-financial bond covenants of each bond issue c. Assist in furnishing materials and data to rating agencies, bond insurers, letter of credit providers d. Assist in structuring bond transaction for competitively sold bond issues 4. Official Statement Review and Preparation a. Lead team discussions in conjunction with bond counsel on form, content, and sufficiency of information in the official statement b. Prepare the official statement in conjunction with bond counsel for competitively sold bond issues 5. Pricing of Bond Issue Competitive Sale a. Coordination of pre-sale publicity, call for bids, evaluation of bids, recommendations to the Township regarding sufficiency of bids, and awarding of bonds Negotiated Sale a. Coordinate pricing meetings and offerings of negotiated issued b. Recommend structure of underwriting teams, i.e., co-managers, selling group, syndicate, etc. c. Recommend timing of bond pricing d. Review, monitor and advise the Township regarding proposed negotiated interest rates and spreads
