FIN 2017-10-17 Item 2C - Contract Amendment - Financial Advisor with PFM Financial Advisors

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Fxh4-194 -A- Services related to the Financial Planning and Policy Development : • Assist the City in the formulation of Financial and Debt Policies and Administrative Procedures. • Review current debt structure, identifying strengths and weaknesses of structure so that future debt issues can be designed to maximize ability to finance future capital needs. This will include, reviewing existing debt for the possibility of refunding that debt to provide the City with savings. • Analyze future debt capacity to determine the City's ability to raise future debt capital. • Assist the City with the development of the City's financial planning efforts and process by assessing capital needs, identifying potential revenue sources, analyze financing alternatives such as pay-as-you-go, lease/purchasing, short-term vs. long-term financings, assessments and provide analysis of each alternative as required as to the budgetary and financial impact. • Develop, manage and maintain computer models for long-term capital planning which provide for inputs regarding levels of ad valorem and non -ad valorem taxation (if relevant), growth rates by operating revenue and expenditure item, timing, magnitude and cost of debt issuance, and project operating and capital balances, selected operating and debt ratios and other financial performance measures as may be determined by the City. • Attend meetings with City's staff, consultants and other professionals and the City. • Review underwriter's proposals and provide analysis of same to the City. • financial planning and policy development assignments made by the City regarding bond and other financings, and financial policy including budget, tax, enterprise rates, cash management issues and related fiscal policy and programs. • Assist the City in preparing financial presentations for public hearings and/ or referendums. • Provide special financial services as requested by the City. • Services Related to Debt Transactions (Includes short term financings, notes, loans, letters of credit, line of credit and bonds). Upon the request of the City: • • Analyze financial and economic factors to determine if the issuance of debt is appropriate. • Advise as to the various financing alternatives available to the City. • Develop a financing plan in concert with City's staff which would include recommendations as to the approach to and timing series of borrowing. • Assist the City by recommending the best method of sale, either as a negotiated sale, private placement or a public sale. In a public sale, make recommendation as to the determination of the best bid. In the event of a negotiated sale, assist in the solicitation, review and evaluation of any investment banking proposals, and provide advice and information necessary to aid in such selection. • Develop alternatives related to debt transaction including evaluation of revenues available, maturity schedule and cash flow requirements. • Evaluate benefits of bond insurance and/or security insurance for debt reserve fund, if applicable. • Develop credit rating presentation and coordinate with the City the overall presentation to rating agencies, which applicable. • Assist the City in the procurement of other services relating to debt issuance such as printing, paying agent, registrar, etc. CA Revised 1-2013 Page 5 of 9 43