REQUEST FOR PROPOSAL (RFP) FINANCIAL ADVISOR AND DEVELOPMENT SERVICES

Close: Feb 12, 2026

Provide financial consultant services as directed by the board of commissioners or other appropriate official within the city. The successful proposer will engage in/be responsible for, but not be limited to, the following activities: Appointment Financial Advisory Services Consultant: A Financial Advisory Services Consultant shall be appointed by the Mayor and Commissioners for a term of one (1) year. The Board of Commissioners may appoint an individual or firm as the consultant. Compensation: Compensation as agreed upon and approved by the Commissioners shall be the basis of payment for services rendered. Duties and Responsibilities: Financial Advisory Services Consultant shall Perform such duties and provide professional services customarily provided by a financial advisor to a governmental entity the size and scope commensurate to that of the City of Union City and shall include advice and assistance with respect to debt financings and other financial issues contemplated by the City including: (a) assistance in determining the amount, size and timing of borrowings contemplated by the City for its capital program and as a conduit for other borrowings; (b) assistance in formulating the credit structure, maturity schedule, call provisions and other terms and conditions of debt offerings, as required for any other offering; (c) assistance in deciding whether each issue can and/or should be sold on a negotiated, competitive, or private placement basis; (d) preparation of necessary legal documents concerning debt transactions; (e) preparation of official statements, including ongoing updating of demographic data and financial statistics included therein; (f) preparation of Local Finance Board applications for financings and presentation of such applications to the Board, if required; (g) preparation and presentation of timely and adequate information on proposed financings to the bond rating agencies to obtain the most favorable rating for each financing; to include the maintenance of a regular relationship between the City and the rating agencies for purposes of improving the process of obtaining ratings; (h) evaluation of the terms and recommendations to the City for acceptance, rejection or renegotiation with respect to sale bids or final pricing as applicable; (i) preparation and presentation of timely and adequate information on proposed financings to institutions providing credit enhancements; (j) determining if there are any benefits of utilizing credit enhancement to lower debt service costs; (k) assistance with development of a comprehensive arbitrage rebate planning and filing program for the City, when applicable; (l) a review of credit worthiness of the security for each debt financing; (m) coordination of the activities of professionals on the financing team for a transaction, including preparation of schedules; and (n) assistance in the selection of and negotiation with investment banks as to the terms of any agreement for provision of underwriting services.