Addendum_No._1_to_Reissue_RFQ_No_50325.pdf

City and County of San Francisco

San Francisco International Airport

Request for Qualifications and Confirmation of Interest in Providing Credit and/or Liquidity Facilities and/or Making A Direct Purchase of Bonds

RFQ No. 50325

Request for Qualifications Issuance September 7, 2022 Initial Questions Due September 13, 2022 at 2:00 PM (Pacific) Initial Response Due September 20, 2022 at 2:00 PM (Pacific) Addendum No. 1 to Reissue the RFQ August 21, 2024 Reissued RFQ Initial Questions Due August 28, 2024 at 2:00 PM (Pacific) Reissued RFQ Initial Response Due September 4, 2024 at 2:00 PM (Pacific) Deadline to Submit Response To Be Determined Contract Administrator: Matthew Lau

San Francisco International Airport – Finance P.O. Box 8097 San Francisco, CA 94128 Phone: (650) 821-2807 Email: matthew.j.lau@flysfo.com

RFQ No. 50325 Confirmation of Interest In Providing Credit and/or Liquidity Facilities and/or Making A Direct Purchase Of Bonds

Addendum No. 1 Page 1 of 1 August 21, 2024

On November 1, 2022, the Airport Commission (the “Commission”) of the City and County of San Francisco (the “City”) established a pool of commercial banks and other financial institutions (“Pre- Qualified Providers” or “Providers”) that are interested in (1) providing credit and/or liquidity facilities (“Facilities”) in connection with the issuance by the Commission of San Francisco International Airport bonds and commercial paper notes (“Bonds”) and/or (2) making a direct purchase of Bonds. Pursuant to San Francisco Administrative Code Section 21.4 (d) (3), the Commission issues this Addendum No. 1 to reissue RFQ 50325 to re-open the pool. Firms prequalified under the existing pool are not required to take any action to remain prequalified under this reissued Request for Qualifications (RFQ), but may choose to submit updated information.

This Addendum No. 1 is to reissue RFQ 50325, attached to this Addendum No. 1, with the following changes:

1. Remove Attachment A and the requirements for San Francisco Administrative Code 12X, as Section 12X has been repealed and is no longer applicable.

2. Update the questions due date and time for the reissued RFQ to August 28, 2024, at 2:00 PM (Pacific).

3. Update the initial response for the reissued RFQ submission due date and time to September 4, 2024 at 2:00 PM (Pacific).

4. The last paragraph in the Please Note table is deleted to remove the 2 months limitation with new submissions.

Addendum No. 1 Page 1 of 3

Airport Commission of the City and County of San Francisco

San Francisco International Airport

REQUEST FOR QUALIFICATIONS AND

CONFIRMATION OF INTEREST

IN PROVIDING CREDIT AND/OR LIQUIDITY FACILITIES

AND/OR MAKING A DIRECT PURCHASE OF BONDS

RFQ No. 50325

August 21, 2024 (Addendum No. 1)

On November 1, 2022, the Airport Commission (the “Commission”) of the City and County of San Francisco (the “City”) established a pool of commercial banks and other financial institutions (“Pre- Qualified Providers” or “Providers”) that are interested in (1) providing credit and/or liquidity facilities (“Facilities”) in connection with the issuance by the Commission of San Francisco International Airport bonds and commercial paper notes (“Bonds”) and/or (2) making a direct purchase of Bonds. Pursuant to San Francisco Administrative Code Section 21.4 (d) (3), the Commission intends to re-open the pool by reissuing RFQ 50325. Firms prequalified under the existing pool are not required to take any action to remain prequalified under this Request for Qualifications (RFQ), but may choose to submit updated information.

The purpose of this request is to ascertain your interest in being pre-qualified for inclusion in the pool of Providers and your current ratings.

The pre-qualified firms will be established in a “Pool” that will be made available for use for up to four (4) years, a two (2) year initial period plus one (1) two (2) year extension exercisable at the sole discretion of the Commission, from the date of the Commission’s initial establishment of the pool of potential Providers.

Please Note:

This request does not require or involve: (i) the preparation or submission of your firm’s qualifications generally, (ii) the proposed terms or conditions of any specific transaction, or (iii) follow-up questions, interviews or other procedures.

Through this solicitation, staff may accept and evaluate submissions on an ongoing basis to recommend additional Pre-Qualified Providers be approved by the Commission during the life of this pool. As needs for Facilities or direct purchases may arise periodically, and to ensure they are eligible for the maximum number of opportunities during the life of this pool, Providers are recommended to respond to this request by the initial deadline, described below. Providers who submit at a later date will still require approval by the Commission to be included in the pool of Pre-Qualified Providers, and therefore may encounter delays that prevent them from submitting bids in response to available opportunities.

RFQ No. 50325 August 21, 2024

Addendum No. 1 Page 2 of 3

Once the Pre-Qualified Providers have been determined, the Commission may contact Providers as the need arises to ascertain their ability and willingness to provide a Facility for or make a direct purchase of specific proposed Bonds on terms and conditions that are mutually acceptable. Pre-Qualified Providers under this RFQ will remain eligible for consideration and contract negotiation on an as-needed basis for up to four years of the pre-qualification notification date. Pre-Qualified Providers under this RFQ are not guaranteed a contract.

Pre-qualification will not require firms to provide proposed terms and conditions in connection with any particular Facility or Bonds. Also, pre-qualification of a Provider will not constitute a representation or assurance by the Commission that the Provider will be asked to provide such a proposal or that any such proposal will be accepted, or the related transaction executed. Rather, it will permit the Commission to request proposed terms and conditions for a Facility or direct purchase in connection with specific proposed Bonds, and to negotiate final terms and conditions. A firm’s ratings will be subject to re-confirmation to ensure ongoing compliance with the Commission’s minimum ratings requirements at the time of any such proposals. Firms with the highest short-term and long-term credit ratings may receive preference over lower-rated firms. Any and all such Facilities or direct purchases and the Providers thereof will be subject to approval by the Commission.

The Commission reserves the right to obtain Facilities or negotiate direct purchases through other means, including individual negotiations or other competitive solicitations. From time to time, City departments other than the Commission may solicit the pool of Pre-Qualified Providers to provide Facilities or make direct purchases of other types of bonds issued by the City.

To be a Pre-Qualified Provider, interested firms must: (a) answer question 1 below in the affirmative, and

(b) answer question 2 below, question 3 below, or both of them in the affirmative. To respond to the reissued initial response deadline, please provide your answers to the following question to Matthew Lau by 2:00 PM (Pacific) on Wednesday, September 4, 2024, at the email address below. Previously Pre- Qualified Providers do not need to submit another a response.

1. Is your firm interested in being included among the Commission’s pre-qualified credit and liquidity facility providers and direct purchasers of Bonds?

Yes No

2. Please confirm that your firm’s current long-term credit ratings from at least two (2) nationally recognized credit rating agencies are of at least A2/A/A or equivalent.

3. Please confirm that your firm’s current short-term credit ratings from at least two (2) nationally recognized credit rating agencies are of at least P-1/A-1/F1 or equivalent.

Any questions about this reissued request should be addressed to Matthew Lau at the email address below by 2:00 PM (Pacific) Wednesday, August 28, 2024, for consideration in advance of the reissued initial

RFQ No. 50325 August 21, 2024

Addendum No. 1 Page 3 of 3 response deadline specified above.

Compliance with City Contracting Requirements: The City has a number of requirements that must be met by potential contractors before they may enter into contracts with the City. Interested firms do not need to meet these requirements at this time in order to respond to this request. Pre-Qualified Providers would, however, need to be compliant (or obtain a waiver, if one is available) in order to enter into a contract with the Commission to provide a Facility or purchase Bonds. Information about the City contracting forms and provisions will be communicated to Pre-Qualified Providers at such time, if any, as the Commission shall request proposed terms and conditions for a Facility or purchase in connection with a specific Bond issue. Interested firms may preview the principal elements of City contracting requirements at the following links:

Equal Benefits Ordinance: http://sfgsa.org/index.aspx?page=6125 Minimum Compensation Ordinance: www.sfgov.org/olse/mco Health Care Accountability Ordinance: www.sfgov.org/olse/hcao

Limitation on Communications During Solicitation. From the date this RFQ is issued until the date the competitive process of this RFQ is completed (either by cancellation by final action of the Airport Commission and the Board of Supervisors), potential Providers and their subcontractors, vendors, representatives and/or other parties under potential Provider’s control, shall communicate solely with the Airport only with the person whose name appears in this RFQ (“Contract Administrator”) whose name and contact information appears on the cover page of this RFQ. Any attempt to communicate with any party other than the Contract Administrator – including any City official, representative or employee - is strictly prohibited. The persons with whom communication is prohibited includes, but is not limited to, any City and County of San Francisco elected official, member of the Airport Commission, City or Airport Commission personnel, and/or any selection panel member. Failure to comply with this communications protocol may, at the sole discretion of the Airport, result in the disqualification of the potential Provider from the competitive process. This protocol does not apply to communications with the City regarding business not related to this RFQ.

The Contract Administrator is:

Matthew Lau Finance Division 575 N. McDonnell Road, 3rd Floor San Francisco, CA 94128 matthew.j.lau@flysfo.com Phone: 650.821.2807

Thank you for your time and interest in working with the Commission.

The Commission reserves the right at any time to reject any or all responses, reissue a solicitation for these services, modify all or any portion of this solicitation prior to the submission deadline, determine that no Providers will be selected, or waive or correct any defect or informality in any response, proposal, or procedure.