Financial Advisory Services

The City of Port St. Lucie, Florida, has awarded a contract to PFM Financial Advisors LLC to provide financial advisory services. The contract has a term of three years, with an option to renew for an additional three years. The vendor will provide comprehensive financial advisory services, including assisting the City in reviewing debt policies and guidelines, providing financial planning services, and advising on proposed program/issue related debt strategies. The contract includes a detailed scope of work, which outlines the specific services to be provided by the vendor. Some of the key services include: * Providing comprehensive reviews of the City's capital structure * Conducting an overall evaluation of all financing sources available to the City * Preparing comprehensive financial plans, including debt capacity analysis and debt ratio study * Providing financial advisory services on any requested financial issue * Assisting the City in the review of debt policies and guidelines for the deployment of various debt strategies on tax exemption and arbitrage. The contract also includes provisions for compensation, payment terms, and insurance requirements. The vendor will be paid on a per unit price basis, with fees for transactional services included in the proceeds of any bond issue. The contract also includes provisions for non-transactional services, which may be provided at a blended hourly rate or through a retainer agreement.