Azusa Planet bids #147788

Financial Advisory Services for Azusa Water-System Bond Refunding and New Financing

The City of Azusa is seeking a financial advisor to assess a potential water-system bond refunding and approximately $25 million in new financing for water projects. - Government buyer: City of Azusa, through Azusa Light & Water (AL&W) and the Azusa Utility Board; the listed office contact is Yesenia Paez, Senior Management Analyst. - Requested service: One financial advisory engagement to evaluate and, if pursued, coordinate a combined refunding and new-money issuance for the Water System Refunding Revenue Bonds Series 2015. - Existing bonds: The bonds have a stated current balance of $31,610,000 and are scheduled for payoff in 2039. The advisor will analyze refunding eligibility, costs and savings, debt-service schedules, debt capacity, coverage, reserves, rate impacts, and financing scenarios, then recommend the amount, structure, and timing. - New-money financing: Approximately $25 million is anticipated for the Aspan Well Rehabilitation and Groundwater Treatment project and Golden Mussel Mitigation. - Transaction support: If the City proceeds, the advisor will help coordinate the financing team, prepare and review financing documents, support rating-agency and investor presentations, assess market conditions and sale options, advise on the debt sale, and assist through closing. Broader debt-management duties include advice on new debt and refinancing, market analysis, annual disclosures, and debt-document review. - Vendors named in the notice: 591237041, Allied Solutions, KNN Public Finance, LLC, SevenOutsource, and Transtech Engineers, Inc. No advisor has been selected; no OEMs are identified.

Description

The City of Azusa, through Azusa Light & Water, is soliciting proposals from qualified financial advisors for services related to a combined refunding and new-money issuance opportunity for the existing Water System Refunding Revenue Bonds Series 2015. The advisor will assist with refunding and the issuance of revenue bonds or similar financial instruments. The scope includes overall debt management support such as issuing new debt, refinancing existing debt, working with rating agencies, analyzing market conditions, preparing annual disclosures, and reviewing debt issuance documents. Proposals are due electronically through PlanetBids by November 30, 2026, at 10:00 a.m.

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