RFP-DW-13007 - Lease-Purchase Financing Underwriting Services

Summary of Specifications:
The City of Longmont, Colorado (the “City”), is seeking proposals from prospective underwriters for approximately $30 million of certificates of participation (the “2013 Certificates of Participation” or the “2013 COPs”). The 2013 COPs will be paid from base rental payments made by the City pursuant to an annual appropriation lease purchase agreement (the “2013 Lease” ). Proceeds of the 2013 COPs will finance certain public improvements to be constructed in association with the redevelopment of the Twin Peaks Mall in Longmont. The leased property will be one or more buildings currently owned by the City. The Twin Peaks Mall will NOT be leased property nor provide any security for the 2013 COPs The selected underwriter will assist the City and its financial and legal advisors by providing technical assistance and analysis, including sizing the lease and developing lease payment schedules; by evaluating and developing a security structure for the 2013 COPs, including the selection of leased assets and the use of reserve funds; and, by developing a credit presentation for use in the application for credit ratings.