Bond Underwriting Services

expired opportunity(Expired)
From: Muscogee County School District(School)
21-013

Basic Details

started - 19 Feb, 2021 (about 3 years ago)

Start Date

19 Feb, 2021 (about 3 years ago)
due - 12 Mar, 2021 (about 3 years ago)

Due Date

12 Mar, 2021 (about 3 years ago)
Bid Notification

Type

Bid Notification
21-013

Identifier

21-013
Muscogee County School District

Customer / Agency

Muscogee County School District
unlockUnlock the best of InstantMarkets.

Please Sign In to see more out of InstantMarkets such as history, intelligent business alerts and many more.

Don't have an account yet? Create a free account now.

objective of this Request for Proposal (RFP) is to solicit proposals from qualified financial firm(s) to provide bond underwriting services for Muscogee County School District (MCSD). The school district plans to issue approximately $70,000,000 (Seventy Million) in bonds following a successful 2020 referendum for a one percent Education Special Purpose Local Option Sales Tax (E-SPLOST). The awarded firm will work with the school district and its financial advisor to structure the bonds, coordinate the financing team, assist the school district attorneys in drafting the appropriate bond documents, work with rating agencies and credit enhancement providers, market the bonds, and perform all other needed bond underwriting services. In using this method for solicitation, we are requesting your best effort in seeking the greatest value for our requirements. To be eligible for consideration, sealed proposals shall be presented in accordance with the instructions of this solicitation and
within the timeframe specified. It shall be the responsibility of the selected provider to meet all specifications and guidelines set forth herein, in addition to all applicable laws and regulations. Muscogee County School District (MCSD), at its discretion, determines the criteria and process whereby proposals are evaluated and awarded. No damages shall be recoverable by any challenger as a result of these determinations or decisions by Muscogee County School District (MCSD). B. The laws of the State of Georgia shall prevail concerning all purchases of products and services under this RFP and subsequent contract(s). Venue shall be in the court of competent jurisdiction in Columbus, Muscogee County, Georgia. Several Georgia statutes proscribe jurisdiction and venue for different types of cases that involve state agencies. Any provision that requires legal action that would require travel by MCSD employees likely violates the Constitutional provisions noted above. C. Scope of Work a. The successful firm will be responsible for providing the following services: i. Advise MCSD on the most advantageous financial structuring plan for bonds, provisions of bonds, and the sale of bonds. ii. Assist legal counsel in the preparation of relevant legal documentation necessary in connection with the bonds. iii. Assist in the preparation of a preliminary to final official statement for the bond issue in accordance with current disclosure guidelines of the Municipal Securities Rulemaking Board and the Government Finance Officers Association. iv. Advise MCSD in ascertaining the costs and potential benefits of obtaining municipal bond insurance. v. Consult with legal counsel and MCSD on proposed and actual changes in all applicable tax laws and financial market changes that may affect issuing bonds. vi. Consult with MCSD officials, staff, and legal counsel (including team meetings to discuss the bond issue as reasonably requested). vii. Develop a detailed plan for marketing the District’s bond to investors in order to achieve the best rate(s). Bond Underwriting Services RFP #21-013 Page 6 of 36 viii. Market the bonds, provide a firm commitment bond purchase contract to purchase the bonds at/or below prevailing market interest rates, and underwriting and unsold balances. ix. Provide any such additional services as may reasonably be deemed necessary or appropriate in order to properly complete the financing. 1.2

2960 Macon Road Columbus, GA 31906Location

Address: 2960 Macon Road Columbus, GA 31906

Country : United StatesState : Georgia

Classification

Purchasing Department