UNDERWRITING SERVICES

The City of Palm Bay, Florida is soliciting proposals from qualified underwriters to be members of the City's underwriting team for future financings. The underwriting team is anticipated to be established for an initial term of three years, with an option to renew annually for up to an additional two one-year terms. The contract involves underwriting services for the City's future financings, including bond issues. The contract was awarded to Fifth Third Securities, Inc., Raymond James, RBC Capital Markets, Stifel, Nicholas & Company, Inc., and Wells Fargo Bank, N.A. • The underwriting team will provide underwriting services for the City's future financings. • The contract involves a total underwriting discount, which includes management fees and underwriter expenses. • The underwriters will be selected based on their bids, which include their proposed underwriting discounts and fees. • The contract is anticipated to be established for an initial term of three years, with an option to renew annually for up to an additional two one-year terms.