FINANCIAL ADVISOR REQUEST FOR PROPOSALS AND

STATEMENT OF QUALIFICATIONS

 

To provide advice and professional recommendations to the City of Annona for various capital financing projects and provide assistance with possible loan, grant or disadvantaged funding through the Texas Water Development Board (“TWDB”).

 

INTENT OF PROPOSAL

 

The City of Annona is soliciting Request for Proposals (“RFP”) and Statement of Qualifications from interested qualified professionals to provide strategic financial planning; analysis of market conditions; recommended investments of bond proceeds; and provide recommendations to the City of Annona for financing through programs established by TWDB. The City of Annona reserves the right to accept or reject any or all proposals for any reason it finds to be in the best interest of the City of Annona.

 

The City of Annona seeks to afford the opportunity for qualified SBE, MBE, and WBE firms to propose to provide the services described herein.

 

SCOPE OF SERVICES

 

The services to be provided by the Financial Advisor shall include, but are not limited to, the following:

 

Direction and coordination of all programs of financing, specifically including preparation and coordination of filing an application with the TWDB for loan or grant assistance

Advise the City of Annona of current bond market conditions

Recommend method of sale of debt instruments

Advise publications of forthcoming sales

Arrange for reports of independent consultants

Recommend as to the advisability of obtaining credit ratings and coordinate preparation and submission of information to rating agencies

Coordinate, prepare and submit required information to recognized bond insurance companies for insurance qualification, including for a TWDB loan

Coordinate efforts for delivery of debt instruments and preparation and verification of closing figures

Maintain liaison with Bond Counsel in preparation of all legal documents

Maintain liaison with Administrative Services in preparation of TWDB documentation

Counsel in selection of paying agent/registrar

Print all debt instruments

Deliver schedule of annual debt requirements on debt instruments

Attend meetings as requested

Advise of changes in Federal and State laws and regulations

Advise on investment of funds as requested

Advise and assist in exercising any call and/or refunding

Advise and assist in the development of long-range financing plan

Provide all financing planning services as requested

Testify in litigation as requested

Make recommendation on matters of credit enhancement

 

STATEMENT OF QUALIFICATIONS

 

The Proposer shall provide a description of the history and background of the firm, identification of the services currently being provided to municipalities in Texas and other information relevant to the provision of Financial Advisory services. The following information shall be included in your proposal:

 

General information about the firm.

 

Name, address and phone number of the firm.

 

History of the firm.

 

List names and titles of the firm who are directly responsible for financial advisory services.

 

Information pertaining to the firm’s compliance with licensing and other requirements of the Securities Exchange Commission, the National Association of Securities Dealers and the Municipal Securities Rule Making Board.

 

References.

 

Lists of three (3) references of cities for which similar services have been provided.

 

Identify personnel to be assigned responsibility for administering the account (provide resume and location for the individual representatives that the firm will assign to the account).

 

List the experience of the individuals assigned to the account and placement of debt instruments with the TWDB. Please list the work performed, including the dollar amount of the debt issue or other financing. Please include the names, addresses, and phone numbers of contact persons.

 

Additional services – describe any other service or experiences of the firm which you deem beneficial in acting as Financial Advisor to the City of Annona.

 

Attach a copy of financial advisory services contract proposed by your firm without fee information.

 

RECEIPT OF PROPOSALS

 

If your firm is interested in being considered as Financial Advisor for the City of Annona, please submit proposals in electronic pdf format. A copy of the response should be submitted by 5:00 P.M. (Local Time), November 6th, 2026, via email to Pennye Hobbs, City Secretary at cityofannona@gmail.com with the subject heading “Response to Financial Advisor RFQ”.

SELECTION CRITERIA

 

 

The shall use the following selection criteria and point system to evaluate and score each proposal.

 

 

Criteria Points

 

Experience	40
Capacity to perform	40
Familiarity with the City of Annona and TWDB	10
Minority or Woman Owned Business	10

 

 

ADDITIONAL INFORMATION

 

This contract is contingent upon release of funds from the Texas Water Development Board (TWDB).

 

Any contract or contracts awarded under this Invitation for Bid (IFB) or Request for Proposal (RFP) are expected to be funded in part by a loan from the TWDB. Neither the State of Texas nor any of its departments, agencies, or employees are or will be a party to this IFB, RFP, or any resulting contract.

 

This contract is subject to the Environmental Protection Agency’s (EPA) Disadvantaged Business Enterprise (DBE) Program, which includes EPA-approved fair share goals toward procurement of Minority and Women-owned Business Enterprise (M/WBE) firms. EPA rules require that applicants and prime contractors make a good faith effort to award a fair share of contracts, subcontracts, and procurements to M/WBEs through demonstration of the six affirmative steps. For more details of the DBE Program and the current, applicable fair share goals, please visit www.twdb.texas.gov/dbe.

 

Equal Opportunity in Employment – All qualified Applicants will receive consideration for employment without regard to race, color, religion, sex, age, handicap of national origin. Bidders on this work will be required to comply with the President’s Executive Order No. 11246, as amended by Executive Order 11.375, and as supplemented in Department of labor regulations 41 CFR; Part 60. Small, minority and women-owned firms are encouraged to submit proposals.

• COA Financial Advisor RFQ docx (21kb) [ download ]