Sacramento Opengov #276617

Sacramento County Swap Advisory Services Solicitation

This opportunity involves the procurement of swap advisory services for Sacramento County's Office of Budget and Debt Management. - Government Buyer: - Sacramento County, Office of Budget and Debt Management - OEMs and Vendors: - No specific OEMs or product manufacturers are named; this is a professional services solicitation - Products/Services Requested: - Swap advisory services for outstanding swap agreements - Rate validation and analysis of potential future variable rate/swap agreements - Swap valuation services - GASB 53 and GASB 72 compliance reporting - Unique or Notable Requirements: - Demonstrated experience with municipal swap advisory - Regulatory compliance expertise - Detailed proposal and fee submission required - No hardware or software products are being procured; focus is on financial advisory services - Quantities: - Services are for a four-year contract term with an option for a one-year extension

Description

Sacramento County is seeking proposals from swap advisory firms to provide advisory services for the County's outstanding swap agreements related to the 2008 Pension Obligation Bonds and the 2007B Water Agency Revenue Bonds, both indexed to the Secured Overnight Financing Rate (SOFR). The contract term is intended for four years with an optional one-year extension. The County's team includes PFM Financial Advisors LLC as Municipal Advisor, Orrick as Bond Counsel, and Stradling Yocca Carlson & Rauth, P.C. as Disclosure Counsel. The scope includes advisory services for current swaps and potential future transactions, including compliance reporting under GASB standards.

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