MUNICIPAL ADVISOR SERVICES FOR BOND FINANCING FN-2026-002 RFP
Description: The City of Burbank is soliciting proposals from qualified firms to provide municipal financial advisory services for financing the New Central Library and Civic Center project. The scope includes debt issuance planning, financing analysis, bond transaction support, post-issuance advisory services, and potential ongoing advisory support on an as-needed basis. The City intends to award a three-year agreement with two optional one-year extensions; the posting identifies this as an RFP for services, not a grant program.
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From the first pre-RFP signals to the published RFP and its files.
Capital improvement plan
137 days before RFP
The CIP planned the New Central Library and Civic Center project through progressive design/build procurement and listed revenue bonds as a future funding source, with construction targeted to begin in June 2027.
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Central Library Capital Holding 3,580,810 - - - - - - 3,580,810 Civic Center Reserve - 10,000,000 - - - - - 10,000,000 Development Impact Fees - 1,194,183 - 1,000,000 - - - 2,194,183 Federal Appropriation - - 3,000,000 - - - - 3,000,000 Grant Funding - - 9,949,896 - - - - 9,949,896 Municipal Infrastructure Fund 8,300,000 - - - - - - 8,300,000 Revenue Bonds…
City of Burbank Capital Improvement Program Budget 2026-2031
The City Treasurer's Office planned to collaborate with Financial Services and other City stakeholders to prepare for municipal bond issuance for the New Burbank Central Library and Civic Center project.
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Collaborate with the Financial Services Department and cross-functional City stakeholders to prepare for the issuance of municipal bonds to fund the new Burbank Central Library and Civic Center project, ensuring alignment on financing strategies, regulatory compliance, and long-term fiscal sustainability objectives.
Staff proposed issuing a lease revenue bond after the GMP to fund construction, with a financing plan for Council approval and professionals being assembled to support the bond process.
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FISCAL IMPACT The Fixed Limit of Construction Cost (FLCC), which includes all design and construction costs to complete the Project, is $155,000,000 (one-hundred-fifty-five million dollars). Clark Construction will provide a Preliminary Guaranteed Maximum Price (GMP) as part of the contract, with a GMP Amendment Signing to occur in Summer 2027. Currently,…
Burbank City Council Joint Meeting
Board meeting
4 days before RFP
City Council approved the progressive design-build contract for the Burbank Library and Civic Center project, subject to budgeted funds.
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that being said, I make a motion to adopt a resolution of the council of the city of Burbank approving a progressive design build contract with Clark Construction Group California LLP for the Burbank Library and Civic Center project, including entering into a PLA agreement with the LAOC building trades with an update on costs and deliverables in January…
that. Uh although we will be doing uh a lease revenue bond uh which is general city debt to fund the actual construction of the project uh we will be using municipal infrastructure fund dollars to pay the debt service. So it's not our intention to use general fund dollars to pay the debt service on this infrastructure project. We believe the public approved…
The City of Burbank is soliciting proposals from qualified firms to provide municipal financial advisory services for financing the New Central Library and Civic Center project. The scope includes debt issuance planning, financing analysis, bond transaction support, post-issuance advisory services, and potential ongoing advisory support on an as-needed basis. The City intends to award a three-year agreement with two optional one-year extensions; the posting identifies this as an RFP for services, not a grant program.
West Liberty University is soliciting qualifications from firms to act as its municipal bond advisor for planning, structuring, issuance, sale, and closing of a new $9–$11 million bond financing program. The advisor would provide independent financial analysis and financing alternatives, coordinate the financing team, support rating-agency and investor meetings, assist with pricing and closing, and prepare memoranda, schedules, board presentation materials, and final reports. The project-based work is to be completed within one fiscal year, with a potential interview period during the week of November 9, 2026.
