Description
The Town of Lexington is seeking a municipal advisor to provide as-needed services for debt financing. The selected vendor will assist the Town in determining the best type and structure of financing for specified capital projects, coordinating with other finance professionals, planning the debt sale, and successfully closing the transaction. The contract will be an "indefinite quantities" contract for professional services, and the number of debt instruments issued under the agreement will vary from year to year. The vendor must have experience in providing municipal advisory services, be registered with the SEC and MSRB, and meet all professional and testing standards.
• The Town is located in the central part of South Carolina, approximately twelve miles from Columbia, the State Capital.
• The Town operates under the Council/Town Administrator form of government and has a population of approximately 23,560.
• The Town provides a full range of services, including water and wastewater enterprise systems.
• The selected vendor will be responsible for coordinating and participating in all aspects of the debt issuance process, creating and maintaining a debt issuance schedule, analyzing financing alternatives, and making recommendations regarding debt timing, structure, pricing, and conditions.
• The vendor must have at least five years of experience in providing municipal advisor services and must have provided services for at least two South Carolina counties or cities of comparable size within the last three years.
• The vendor must be registered as a "Municipal Advisor" with the Securities and Exchange Commission (SEC) and the Municipal Securities Rulemaking Board (MSRB) and meet all professional and testing standards.