Financial Advisor and Arbitrage Services

The City of Fernandina Beach, Florida is seeking a vendor to provide comprehensive financial advisor and arbitrage services. The city needs to develop, implement, and maintain strategies to meet its capital financing needs while ensuring compliance with federal tax code rebate and yield restriction requirements. This initiative aims to optimize the city's borrowing capacity and resolve any outstanding arbitrage-related issues. The financial advisor scope of work requires reviewing the existing debt structure and financial resources to determine available borrowing capacity and refinancing opportunities. The selected partner will recommend appropriate financial structures for proposed projects and prepare cash flow forecasts addressing debt service requirements and funding sources. Additionally, the advisor must prepare and present workshops on financial matters, including the formation of financial options and alternatives analysis. The arbitrage services scope of work requires a comprehensive review of each debt issuance to determine if arbitrage rebate and yield restriction calculations are required. The provider must establish due dates for future calculations, review past completed arbitrage rebate calculations, and incorporate these findings into a formal analysis. The provider will also resolve all arbitrage-related issues to ensure full compliance with the tax code. Eligible bidders must be onshore organizations based in the United States. The city allows the performance of all contracted work to be completed offsite. Bidders must submit their responses digitally via email or through the designated online portal. The contract period will span five years. The city is looking for proposals to determine the budget and has not disclosed a pre-set funding limit. The source document does not specify the evaluation criteria or key submission dates.