Monterey Regional Waste Management District Opengov #284330

Monterey Seeks Advisory Services for Enhanced Infrastructure Financing District Formation

This opportunity involves the City Manager's Office of the City of Monterey seeking expert advisory services for the evaluation and potential formation of an Enhanced Infrastructure Financing District (EIFD): - Government Buyer: - City Manager's Office, City of Monterey, California - Scope of Work: - Advisory services focused on municipal public finance and special district formation - Evaluation of boundary alternatives for the proposed EIFD - Analysis of revenue and bonding capacity to support public infrastructure - Assessment of governance structures for the district - Stakeholder engagement and facilitation throughout the process - Products/Services Requested: - Financing District Advisory Services (1 engagement) - OEMs and Vendors: - No specific OEMs or vendors are named; open to qualified consulting firms with relevant expertise - Unique/Notable Requirements: - Comprehensive analysis of district boundaries, financial capacity, and governance - Emphasis on stakeholder involvement and transparent evaluation process - Focus on supporting critical public infrastructure and economic development through TIF mechanisms

Description

The City of Monterey is seeking proposals from qualified firms with expertise in municipal public finance and financing district advisory services. The selected consultant will assist the City in evaluating and potentially forming a special purpose Tax Increment Financing district, such as an Enhanced Infrastructure Financing District (EIFD). The scope includes evaluating boundary alternatives, revenue and bonding capacity, governance structure, and stakeholder engagement. The goal is to support critical public infrastructure funding and facilitate economic development within the City.

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