Water Revenue Refunding Bond Underwriting Services

The City of South Pasadena is seeking an underwriter to structure, market, price, and purchase approximately $20 million to $30 million of negotiated 2026 Water Revenue Refunding Bonds.

City of South Pasadena > Finance Department


General
Open (bidding)
CM26-04
Oct 23, 2026 12:00 AM
Oct 06, 2026 01:04 AM
Request for Proposal (RFP)
Local
Ask AI about this solicitation
Original Solicitation Links
Contact
jpowe@southpasadenaca.gov
+16264037316
1414 Mission Street, South Pasadena, CA, USA
Submission Instructions
Online
Submit one proposal in PDF format
Description

The City of South Pasadena is seeking a qualified underwriter for a negotiated sale of approximately $20 million to $30 million of 2026 Water Revenue Refunding Bonds. The bonds are expected to refund all or a portion of the City's outstanding 2016 Water Revenue Refunding Bonds, with the final size and structure dependent on market conditions and positive savings potential. The underwriter will prepare interest-rate scales and refunding-savings analyses; advise on financing alternatives, debt structure, maturities, coupons, calls, redemption features, credit ratings, and credit enhancement; review financing documents and official statements; develop and execute a marketing plan; coordinate due diligence and regulatory requirements; analyze market timing; market and price the bonds; commit reasonable capital; purchase the bonds under an approved Bond Purchase Agreement; coordinate closing participants and CUSIPs; and prepare a post-sale analysis. Proposals must include firm qualifications and relevant California water and sewer revenue bond experience, proposed staffing, references, structuring and marketing approaches, a savings analysis based on a December 2026 closing, and a detailed not-to-exceed compensation proposal.

Classification Codes
NAICS523999Miscellaneous Financial Investment Activities
PSCE245Purchase of Water Supply Facilities
Smart Codes
municipal bond underwritingwater revenue bondsbond refunding analysis
Specifications
Service Only
Timeline
Oct 5, 2026-RFP Issued
Oct 16, 2026 12:00 AM-Written Questions Due
Oct 23, 2026 12:00 AM-Written Proposals Due
Requirements
Required
  • Professional Liability Insurance — $2,000,000.00
  • General Liability — $2,000,000.00
  • Workers' Compensation
  • Automobile Liability — $1,000,000.00
Scored
  • Minimum 3 references
  • Client point of contact required for each reference
No
Documents
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