FINANCIAL ADVISORY SERVICES WATER SYSTEM REVENUE BONDS SERIES 2015

The City of Azusa’s municipal utility (Azusa Light & Water) is seeking a qualified financial advisory firm to conduct a comprehensive analysis of its existing Water System Refunding Revenue Bonds Series 2015 and to design, manage, and execute a combined refunding and new‑money issuance. The scope is divided into two phases: Phase I requires detailed financial modeling, cost estimation, and recommendation of debt structure; Phase II (contingent on Phase I) involves transaction management, coordination of legal and underwriting services, and oversight of the bond sale process. The consultant must possess expertise in public‑finance bond markets, municipal revenue‑bond refinancing, and capital‑project financing, and must be able to deliver clear, actionable recommendations and manage the full issuance lifecycle. • Conduct market‑yield analysis, eligibility review, and cost‑benefit modeling for refunding existing bonds. • Size and structure a $25 M new‑money issuance to fund water‑system capital improvements, including debt‑service impact and coverage‑ratio analysis. • Lead the transaction team, coordinate bond counsel, underwriters, rating agencies, and ensure compliance with California public‑finance statutes and City policies.