CITY OF RIVERSIDE, MISSOURI REQUEST FOR PROPOSALS FINANCIAL ADVISOR SERVICES

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1 CITY OF RIVERSIDE, MISSOURI REQUEST FOR PROPOSALS

2 The City of Riverside is requesting Request for Proposals from interested persons and/or firms for the provision Financial Advisor services. Firms may, but are not required to, submit joint proposals to provide the services identified herein. A specific identified financing does not exist at this time. WITHDRAWAL OF PROPOSALS Any proposer may withdraw his/her proposal at any time prior to the scheduled time for termination for acceptance of proposals. No proposer may withdraw his/her proposal for a period of thirty (30) days after the scheduled time for termination for acceptance of proposals. TREATMENT OF PROPOSALS This Request for Proposals does not commit the City of Riverside to award any contract, to pay costs incurred in the preparation of any proposal nor to procure or pay for any service. The City reserves the right to reject any or all proposals, to request clarification from any firm without notice thereof to other firms, to enter into an agreement to perform services with one or more firms, and to waive any specifications or technicalities for any reason whatsoever. Further, the City reserves the right to negotiate with proposers in making a final determination. The City is not obligated to accept the lowest or any submitted proposal or to award the contract in any definite time. COMPLIANCE WITH ALL GOVERNMENT LAWS All contractual agreements shall be subject to, governed by and construed according to the laws, ordinances, rules, regulations and orders of the City, County, State, Federal or any other public bodies, which apply to work performed under this agreement. SUBMITTAL Four (4) copies of the proposal shall be submitted in a sealed envelope, marked: CITY OF RIVERSIDE, MO And delivered no later than 5:00 p.m. on Friday, May 17, 2013, to: Donna Resz, Finance Director City of Riverside 2950 N.W. Vivion Road Riverside, Missouri In addition, an electronic version of the proposal should be included in the envelope.

3 REQUEST FOR PROPOSAL PURPOSE This Request for Proposal ( RFP ) provides standards and guidelines for the submission of proposals for the selection of an independent financial advisor to provide a full range of financial advisory services to the City of Riverside, Missouri. The City anticipates issuing a contract for services for a three (3) year period. SCOPE OF SERVICES Provide independent financial advice and serve solely in the interests of the City. Provide advice on financing options related to the City s Capital Improvement Plan. Provide advice with respect to the City s investment options, strategies, and the administration of the investment any bond proceeds. Evaluate various financing structures and propose financing methods to be considered for accomplishing City s objectives. This will be done in conjunction with the City s staff and legal counsel. Analyze and report on the advantages and disadvantages of a proposed financing. Evaluate the projected cash flow from any revenue sources that may constitute security for any obligation incurred. Work with the City s legal counsel, underwriter, and City staff in recommending size, structure, specific terms and conditions of a debt issue. Present information regarding methods of sale, including publicly offered and privately negotiated options. Advise the City on areas of industry specific knowledge that affects the financing and marketing of the proposed project s debt. Assist legal counsel and the City s finance director in preparing the text of an official statement and other necessary documents as required. Prepare credit profiles and assist City in making presentations to bond insurance companies and/or rating agencies. Prior to the sale of securities, assist in representing the City at information meetings at various locations if such meetings are necessary and desirable. Assist in negotiations with bond insurers and/or letter of credit providers.

4 Manage competitive or negotiated sale processes. Prepare and deliver presentations designed to facilitate an understanding of public sector financing and its implications to the Mayor and Board of Aldermen. Provide other financial analysis and services to the City on an as needed basis REPORTING The Financial Advisor will report to the City Administrator and Finance Director. PROPOSAL REQUIREMENTS A. Scope of Services Consultant shall provide a clear, concise response to the scope of service requirements set for above. In the event of joint proposals between two or more firms, indicate the role that each subconsultant or co-proposer would perform. The City reserves the right to select or choose between sub-consultants and co- proposers. B. Qualifications The consultant shall identify the financing team and any other key personnel, including sub-consultants and co-proposers. The people identified as this team will be the ones allowed to participate in the event the team is invited for an interview. A resume for each person listing specific relevant qualifications. Experience with other local governments and Missouri public finance matters should be included. C. References Consultant shall include the name, address and telephone number of three clients (preferably Missouri cities) for whom services similar to those described in the Request for Proposal has been performed in the past five years. D. Disclosure The Consultant will disclose any professional or personal financial interest which could be a possible conflict of interest in representing the City. Consultant shall further disclose arrangements to derive additional compensation from various investment and reinvestment products, including financial contracts.

5 The Consultant will disclose any pending investigation of the firm(s) or enforcement or disciplinary actions taken within the past three years by the SEC or other regulatory bodies. E. Fees The City intends to compensate the Consultant on an hourly basis for work performed pursuant to an annual agreement. The City may, but is not required to, enter into an alternative compensation structure to be negotiated later depending upon the circumstances of work to be performed. The Consultant will prepare a fee proposal for hourly rates. In addition, the Consultant shall prepare a fee schedule for the following types of debt issues and ranges: general obligation bonds, revenue bonds, TIF bonds, leases & certificates of participation, temporary notes, and industrial revenue bonds, with ranges of: $1,000,000 to $5,000,000; $5,000,000 to $10,000,000; and over $10,000,000. # # #