ITEM 15 ATTACHMENT 1 - Laserfiche WebLink

Requests for Proposals for Financial Advisors should be done on a periodic basis not to exceed ten (10) years but is subject to review after four years. Bond Counsel: • Prepare an approving legal opinion • Provide expert and objective legal opinion and advice • Prepare and review documents necessary to authorize, issue sale and delivery of the bonds, as well as coordination of the authorization and execution of closing documents • Review legal issues relating to the structure of the bond issue • Prepare election proceedings or pursue validation proceedings if necessary • Review or prepare those sections of the official statement that relate to the Bonds, financing documents, bond counsel opinion, and tax exemption • Assist the City in presenting information to bond rating organizations and credit enhancement providers relating to legal issues affecting the issuance of the Bonds • Review or prepare the Notice of Sale of Bond Purchase Contract for the Bonds and review or draft the continuing disclosure undertaking of the City • Post -issuance advice for bond covenant compliance Requests for Proposals for Bond Counsel should be done on a periodic basis not to exceed ten (10) years but is subject to review after four years. Underwriter: • Provide the City with market knowledge • Assist with credit analysis and preparation • Premarketing of the Bonds • Pricing and Sale of Bonds • Trading of the Bonds Underwriter services should be solicited through a Request for Proposal (RFP) for every bond issue, or by developing a pool of pre -qualified underwriters from which to select. Trustee/Fiscal Age_ Paying Agent: • Establishes and holds the funds and accounts relating to the bond issue • Maintains the list of names and addresses of all registered owners of the bonds and recordings of transfers and exchanges of the bonds • Acts as the authenticating agent • Acts as the paying agent • Protects the interests of the bondholders by monitoring compliance with covenants and acts on behalf of the bondholders in the event of default • As the escrow agent holds the investments acquired with the proceeds of an advance refunding and uses those funds for payments on those investments to pay debt service on the refunding bonds • As a dissemination agent acts on behalf of the issuer or other obligated person to disseminate annual reports and event notices to repositories under SEC Rule lSc2-12 RFP's for Trustee services should be done on a periodic basis if the recurring Trustee fees increase excessively (in excess of the prevailing Bay Area inflation rate). B. Method of Sale The City will determine, on a case-by-case basis, whether to sell its bonds competitively or through negotiation. Competitive Sale 234