Specifications include, but are not limited to: The scope of services required by the Airport covers the entire spectrum of services customarily provided to government entities by financial advisors in the area of financial planning, including capital planning and the issuance of debt. Services specifically include but are not limited to the following items: 1. Capital Improvement Plan (“CIP”) Review the Airport System’s current CIP and develop recommendations to revise or update the plan. a. Forecast capital requirements for ongoing capital improvements. The Service Provider may be required to prepare a cash flow/project flow analysis in order to recommend commencement and completion of projects in general accordance with the activity levels and in conjunction with the Master Plan. This may include the debt service on past and future rate and Passenger Facility Charge backed General Airport Revenue Bonds. b. Review debt financing and refunding proposals submitted by underwriters and make recommendations to Airport System and Milwaukee County Office of the Comptroller capital staff regarding the proposals. c. Review, analyze, and detail the sources and uses of funding for all of the capital projects included in the CIP and make recommendations for optimization. 2. Passenger Facility Charge (“PFC”) applications Assist Airport System staff in PFC applications, including submittal of new applications, amendments to existing applications and application closeout for existing applications and advise throughout various stages of the PFC process and submittal to the Federal Aviation Administration (“FAA”). 3. New Debt financing or Refunding Proposals Work with Airport System and Milwaukee County Office of the Comptroller capital staff, underwriters, consultants, and bond counsel regarding any new debt financing or refunding proposals. a. Conduct feasibility study including rate covenant impacts b. Prepare annual continuing disclosure statement
