City of Fernandina Beach #RFP 26-03

Financial Advisor and Arbitrage Services for City of Fernandina Beach

The City of Fernandina Beach, Florida is seeking a qualified provider for Financial Advisor and Arbitrage Services to support its capital financing and debt compliance needs. - Government Buyer: - City of Fernandina Beach, Florida (local government) - Services Requested: - Financial Advisor Services - Debt structure review and recommendations - Refinancing options and financial structuring for projects - Cash flow forecasting and bond marketing - Credit rating assistance, official statement preparation, and bond closing coordination - General financial consulting - Arbitrage Services - Comprehensive review of all City debt subject to the Tax Code - Arbitrage rebate and yield restriction calculations - Policy manual provision and issue resolution for arbitrage compliance - Notable Requirements: - Provider must be licensed in Florida and registered with the SEC and MSRB - Demonstrated experience with municipal financial advisory and arbitrage services is required - Strict compliance with Florida statutes and federal tax code for municipal debt - Approximately twelve debt issuances are currently subject to these services - No specific OEMs or commercial vendors are named in the solicitation - Contract Structure: - Initial five-year contract with two optional one-year renewals (up to seven years total)

Description

The City of Fernandina Beach, Florida is soliciting competitive sealed proposals from Florida licensed professionals to provide financial advisory and arbitrage services. The selected provider will assist the City in developing, implementing, and maintaining strategies to meet capital financing needs and ensure compliance with arbitrage rebate and yield restriction requirements. The contract period is five years with two one-year renewal options. Proposals must be submitted via Demandstar.com by 2:00 PM on June 16, 2026.

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