General Obligation Water and Sewer Warrants Underwriting Services

The City of Fairhope, Alabama, is seeking underwriting firms and tandem bank-loan term sheets for its anticipated $80 million General Obligation Water and Sewer Warrants, Series 2026.

City of Fairhope > Finance Department > Purchasing


General
Open
Sep 15, 2026 12:00 PM
Aug 27, 2026 10:20 AM
$80,000,000.00
Request for Proposal (RFP)
Local
Ask AI about this solicitation
Contact
kimberly.creech@fairhopeal.gov
Submission Instructions
Description

The City of Fairhope is requesting proposals from underwriting firms to serve as senior manager or underwriter for its proposed $80,000,000 General Obligation Water and Sewer Warrants, Series 2026. The financing would repay the City's $30,000,000 PNC credit facility plus accrued interest, fund capital improvements to its water works plant and distribution and sanitary sewer systems, and pay costs of issuance. The City is also requesting bank-loan term sheets in tandem with this solicitation. Respondents must address their qualifications and comparable experience, credit analysis and rating recommendations, financing structure and anticipated pricing, capital position and underwriting capacity, proposed underwriter compensation and takedown, and any proposed underwriter's counsel. Responses are limited to 15 pages excluding appendices, must be signed by an authorized firm representative, and must include the requested fee and expense breakdowns.

Classification Codes
NAICS523150Investment Banking and Securities Intermediation
PSCE1PZPURCHASE OF OTHER NON-BUILDING FACILITIES
Smart Codes
municipal bond underwritingmunicipal finance advisorybank loan financing
Specifications
Service Only
Timeline
Aug 26, 2026-Release Date
Sep 8, 2026-Questions Due Date
Sep 15, 2026-Proposal Submission Deadline
Sep 28, 2026-Anticipated Notification of Award
Requirements
Scored
  • Minimum 2 references
  • Within the last 5 years
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