Utah Public Procurement Place U3P #RA27-130

Municipal Bond Advisory Services for Animal/Event Barns and a Parking Garage

Power District Public Infrastructure District No. 1 is seeking a municipal financial advisor to support bond financing for two public facilities in Utah. - Government buyer: Power District Public Infrastructure District No. 1, a local public infrastructure district in Salt Lake County, Utah; no sub-agency or specific office is identified. - OEMs and vendors: No OEMs, commercial vendors, or named advisory firms are identified in the solicitation. The Utah Fairpark Area Investment and Restoration District is referenced as the source of pledged sales tax revenues for the garage financing. - Services requested: Financial municipal advisory services for bond financing of animal/event barns and a multi-level parking garage. No product part numbers or item quantities are specified. - Structure debt supported primarily by Fairpark-area tax increment revenues for the barns and pledged sales tax revenues for the garage. - Support bond issuance through public offerings or private placements, including financing-document review and preparation support for preliminary and final offering statements. - Provide financial modeling, feasibility analysis, revenue and construction-draw evaluation, market analysis, and independent pricing verification. - Advise on selecting underwriters, trustees, bond counsel, and other financing professionals, and support applicable regulatory compliance. - Notable requirements: Firms must be registered with the SEC and MSRB and demonstrate Utah Public Infrastructure District financing experience, including experience advising on rated or direct-purchase and nonrated bond issuances. Proposed rates and fee structures must be guaranteed for at least one year.

Description

Power District Public Infrastructure District No. 1 is seeking proposals from qualified, SEC- and MSRB-registered financial municipal advisor firms. The advisor will structure and support municipal bond financing for animal/event barns, primarily backed by tax increment revenues, and a multi-level parking garage, primarily backed by pledged sales tax revenues. Work includes debt structuring, transaction execution, financial modeling, market and pricing analysis, team selection, and regulatory compliance. Proposals must be submitted through Bonfire by November 20, 2026, at 5:00 PM MST, with the cost proposal submitted separately.

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