Point Of Contact Not Available
The City of Sacramento, Office of the City Treasurer is soliciting RFQ statements from experienced and qualified institutions. Such institutions may be a trust company or bank having the power of a trust company within the State of California and subject to supervision or examination by federal or state banking regulatory authorities. The qualified institution will provide fiscal agent services to include trustee, project escrow agent, and or calculation agent (for variable rate mode or other specialized calculations) in all financial matters related to the issuance and maintenance of bonds and debt obligations. Respondents to this RFQ will have demonstrated experience and combined capital stock, surplus and undivided profits of at least $100 million. Trust Services: • Participate in any and all meetings or conference calls, on an as needed basis, relating to the planning and structuring of new bond issues with City staff, bond counsel, underwriters and any other parties necessary to create, sell and service the City’s bond issues. • Review and provide input regarding all transaction documents, including, but not limited to, the Official Statement, Master or Supplemental Indentures, Resolutions or Certificates and Bond Purchase Agreements; • Execution of documents and opinions necessary to deliver the bonds; • Maintain and provide records of funds and accounts and services performed under the terms of the Indenture or Trust Agreement; • Provide monthly statements to the City, as well as accounting and billing information for services and expenses, if any, in electronic and paper format; • Provide online access to view and download account information. • Allow the City to direct the investment of funds held within the trustee accounts, and have the ability to settle such investments. • Provide the City with updated calculations for debt service, reserve requirements, reserve valuations in a timely manner. Please submit all questions pertaining to this RFQ via this official online solicitation.
Bid Protests Not Available
G