Underwriter Services

Project Title Underwriter Services Invitation # RFP P09-2024 Bid Posting Date 09/29/2023 8:23 AM (PDT) Project Stage Bidding Bid Due Date 10/12/2023 12:00 PM (PDT) Response Format Electronic Project Type RFP (Request for Proposal) Response Types Response File General Attachment General Attachment General Attachment Type of Award Lump Sum Categories 94600 - Financial Services License Requirements Department Purchasing Address 276 Fourth Avenue Chula Vista, California 91910 County San Diego Bid Valid Liquidated Damages Estimated Bid Value Start/Delivery Date Project Duration Bid Bond Bid Bond 0.00% Payment Bond 0.00% Performance Bond 0.00% Pre-Bid Meeting Information Pre-Bid Meeting No Online Q&A Online Q&A Yes Q&A Deadline 10/03/2023 3:00 PM (PDT) Contact Information Contact Info Victor De La Cruz vdelacruz@chulavistaca.gov Bids to Owner's Agent Description Scope of Services The City of Chula Vista is seeking proposals

from firms wishing to serve as Underwriter in connection with the refunding of the Chula Vista Municipal Financing Authority Special Tax Revenue Refunding Bonds, Series 2013. The City is requesting the following proposal: Underwriter Services in connection with refunding of the Chula Vista Municipal Financing Authority Special Tax Revenue Refunding Bonds, Series 2013. The goal is to select an Underwriter by October 25, 2023, and seek City Council approval of the selection on November 7, 2023. The City may request a form of engagement letter for this approval. The engagement will commence on November 7, and end when the closing of the Special Tax Refunding Revenue Bonds (described below) occurs. The Authority will adopt a Bond Purchase Agreement between the Authority and the Underwriter at the time of bond approval by the City Council. Other Details 2013 Bonds. The Chula Vista Municipal Financing Authority intends to sell approximately $40 million Special Tax Refunding Revenue Bonds for the purpose of refinancing its previously issued Special Tax Refunding Revenue Bonds Series 2013. The Bond proceeds will be used to acquire special tax refunding bonds of 5 CFDs (CFD Bonds) and the Bonds will be secured by repayment of the CFD Bonds. One of the five CFD Bonds are currently payable on parity with other CFD Bonds issued in connection with the issuance of the Chula Vista Municipal Financing Authority Special Tax Revenue Refunding Bonds, Series 2015. There was a partial mandatory redemption of the 2013 bonds in 2015, and the revised maturity schedule is shown below. The current reserve requirement is approximately $5,673,000. Maturity Date Amount Maturity Date Amount 9/1/2024 3,315,000 9/1/2030 4,560,000 9/1/2025 3,495,000 9/1/2031 4,820,000 9/1/2026 3,685,000 9/1/2032 5,060,000 9/1/2027 3,885,000 9/1/2033 5,310,000 9/1/2028 4,095,000 9/1/2034 1,870,000 9/1/2029 4,330,000 Total 44,425,000 Notes Special Notices Local Programs & Policies Place eBid