Financing District Advisory Services

The City of Monterey, California, requires a vendor to provide advisory services for the formation of an Enhanced Infrastructure Financing District (EIFD). The scope of work includes project initiation, infrastructure needs and boundary option evaluation, revenue and bonding capacity analysis, governance and implementation timelines, and county outreach and formation support. Only onshore U.S. organizations meeting specific criteria are eligible to bid. Proposers must have at least three years of public finance advisory experience, demonstrated EIFD formation experience in California, and a team that includes a registered Municipal Advisor. Eligible candidates can submit proposals digitally via email or online, and all questions must be submitted by October 30, 2026. An evaluation committee of City staff will evaluate proposals based on established criteria, with cost considered in the selection process. Proposals must include a binding fee schedule and a proposed not-to-exceed budget for initial tasks. The resulting contract will have a one-year term.