Specifications include, but are not limited to: Contractor shall provide paying agent, trustee, dissemination agent and bond registrar services
for general obligation bond issues for which bonding occurred from 2019 to 2029 (10-year time
period will be specified in final draft), and shall continue providing said services until all
outstanding bonds issued during this time period have been retired. Contractor services shall
include, but not be limited to, the following:
A. Provide the City with expert assistance in performing full execution and delivery of
bond certificates to purchasers and owners of record for all City bonds issued under this
B. Prepare and maintain all necessary registrar books and transfer journals, and other legal
record keeping pertaining to ownership and account transactions.
C. Prepare and electronically transmit all appropriate communication to the City prior to
and in anticipation of City payments of debt service obligations, identifying the amount
due, and all charges for services rendered in connection with each debt service payment.
D. Perform without error, periodic and prompt payment of all semiannual interest
payments to bondholders, and prompt payment of principal to bondholders upon bond