Bond_Underwriter_Services_(Addendum_#1_Revision).pdf
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- Attached to
- Bond Underwriter Services
- Solicitation number
- 2025-182
- Issued by
- Los Angeles County, California
About this file
This is a Request for Proposal (RFP) #2025-182 for Bond Underwriter Services issued by Mt. San Antonio College (Mt. SAC), a prominent community college located in Walnut, California. The college is seeking to retain a qualified municipal bond underwriting firm to assist with its $750 million general obligation bond authorization approved by voters on November 4, 2024. The RFP outlines a comprehensive scope of services including developing financing options, creating a marketing plan, structuring and selling debt obligations, underwriting bonds, reviewing documentation, managing underwriting syndicates, and providing ongoing financial advice. The solicitation timeline includes a mandatory pre-proposal meeting on June 6, 2025, proposal submissions due by July 3, 2025, potential interviews on July 15, 2025, and a contract start date of September 1, 2025, with an initial one-year term.
The evaluation will be conducted using a best-value procurement selection method, with proposals scored across five criteria: relevant experience and qualifications (30%), proposed team quality (25%), proposal clarity (20%), fee structure (15%), and references/past performance (10%). Proposing firms must demonstrate specific experience with California community college district bond financings since January 1, 2022, provide detailed information about their distribution and underwriting capabilities, and submit case studies showcasing pricing effectiveness. The first bond issuance will be a $200 million fixed-rate general obligation bond, and firms are required to provide a comprehensive fee estimate including takedown, potential management fees, and traditional underwriter expenses. The college emphasizes transparency, competitive pricing, and selecting a firm with proven expertise in municipal bond underwriting for educational institutions.
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| Zoom_Meeting_Participants_-_RFP_2025-182.pdf | ||
| Professional_Services_Agreement_10-25-2023.pdf |
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Text version
2025-182
BOND UNDERWRITER SERVICES
Mt. San Antonio College
1100 N. Grand Ave.
Walnut, CA 91789
Mt. San Antonio College
REQUEST FOR PROPOSAL
Bond Underwriter Services
I. Introduction II. Scope of Work
III. Evaluation Criteria IV. Submittal Requirements V. General Provisions
VI. Vendor Questionnaire
Attachments:
A - Professional Services Agreement 10-25-2023
Request For Proposal #2025-182 Title: Bond Underwriter Services
1. Introduction
Request for Proposals for : Bond Underwriter Services, (2025-182)
1.1. Summary
Mt. San Antonio College is seeking to retain qualified firms to provide underwriting services. The District plans to select firms with specific experience with California Community Colleges.
1.2. Background
Mt. San Antonio College (the “College” or “Mt. SAC”) is one of the largest and most prominent community colleges in California, serving nearly 20 local communities and educating over 1.2 million students since its founding in 1946. Spanning 420 acres in Walnut, California, on the eastern edge of the
Greater Los Angeles Area, Mt. SAC provides high-quality education and workforce training to more than
50,000 students annually.
As a leader in higher education, Mt. SAC is committed to continuous growth and innovation. With more than 240 degree and certificate programs, specialized workforce development courses, and cutting-edge bachelor’s degree programs, the College plays a crucial role in preparing students for successful careers.
Our campus features state-of-the-art facilities, advanced technology, and industry-standard equipment to support excellence in education and training.
Mt. SAC at a Glance:
• Top 10 California Transfer College – A leader in preparing students for four-year universities.
• Expansive Academic & Career Training Programs – 240+ degree and certificate programs and
200+ professional development courses.
• Innovative Facilities & Infrastructure – Modern classrooms, laboratories, and specialized training centers equipped with the latest technology.
• Robust Student & Community Engagement – 50+ student organizations and 22 championship athletic programs.
• Comprehensive Student Support – More than 25 free programs, including counseling, tutoring, and career services.
1.3. Timeline
Release Project Date May 23, 2025
Pre-Proposal Meeting (Mandatory) June 6, 2025, 10:00am
Agenda https://mtsac-edu.zoom.us/j/82237808009?pwd=06g2qWxT4ao
Ol3kbfxF7VQsII0Rkge.1
Meeting ID: 822 3780 8009
Passcode: 180856
Request for Information Cut Off June 13, 2025, 2:00pm
Submit Proposals No Later than: July 3, 2025, 2:00pm
Interviews (optional) July 15, 2025
Recommendation for Award August 14, 2025
Contract to Start: September 1, 2025
2. Scope of Work
2.1. List of Services
1. Develop financing options working with the District and its Financial Advisor to meet the goals of the District.
2. Develop a comprehensive marketing plan, including identification of potential investors.
3. Assist the District in the successful structuring, sizing, marketing, and sale of debt obligations to achieve the lowest possible borrowing cost.
4. Underwrite bonds, if necessary, to enable an orderly pricing and to meet the District’s goals for pricing and comply with legal and tax regulations.
5. Assist in the review of legal and financial documentation (Indenture, Bond Purchase Agreement, Official Statement, etc.).
6. Assist in the credit rating process.
7. Manage an underwriting syndicate, if applicable, selected by the District to market the debt obligation to investors.
https://government-project.s3.amazonaws.com/171037/77f8059e-b856-4d27-9930-6eca1a4c9d05_Pre-Proposal_Agenda.pdf https://mtsac-edu.zoom.us/j/82237808009?pwd=06g2qWxT4aoOl3kbfxF7VQsII0Rkge.1 https://mtsac-edu.zoom.us/j/82237808009?pwd=06g2qWxT4aoOl3kbfxF7VQsII0Rkge.1 https://mtsac-edu.zoom.us/j/82237808009?pwd=06g2qWxT4aoOl3kbfxF7VQsII0Rkge.1
8. Assist the District in the post-financing evaluation process, including the timely submittal of all required reports.
9. Follow the District’s policies, procedures, and processes of selling debt obligations.
10. Provide continuing updates and advice on the impact of current or proposed state or federal legislation and market conditions that could affect the financial plans of the District.
11. Participate in conference calls or meetings, as needed.
2.2. Details
1. Summary:
Mt. San Antonio College (“Mt. SAC”) is seeking the services of a qualified municipal bond underwriting firm. On November 4, 2024, Mt. SAC voters approved Measure V, a $750 million general obligation bond authorization. Mt. SAC is planning to issue its first series of bonds from the Measure V authorization in late summer / fall of this year.
If your firm is interested in serving as underwriter for the upcoming Mt. SAC financing, please submit a written proposal with the following information. Mt. SAC will not be accepting any joint underwriting proposals.
2. Detailed Specifications:
1. Experience: Please provide a brief description of your firm and its experience serving as underwriter for California school and community college district general obligation bond financings since January 1, 2022. In an appendix, please include a list of California general obligation bond financings completed since January 1, 2022 with information on issuer, issue date, principal, underwriter discount, percent bonds underwritten (as percentage of par), whether your firm served as senior or co-manager, and the method of sale.
2. Primary Contact: Please identify the person who will serve as the primary contact for Mt. SAC and provide the primary contact’s specific experience with California community college district general obligation bond financings.
3. Reference and Local Connection: Please provide at least three California community college district references where the proposed primary contact from your firm served as underwriter since January 1, 2022. Please note any firm / primary contact connection with Mt. SAC or general Los Angeles area.
4. Distribution and Underwriting Capabilities: Please describe your firm's bond distribution capabilities and firm's ability to access both retail and institutional investors. Please specify your firm’s capital position and ability / willingness of your firm to underwrite bonds, if needed.
5. Underwriting Performance: Please provide two case studies where your firm demonstrated its ability to price similar California general obligation bonds effectively and its willingness to underwrite bonds.
Senior-managed community college experience is preferred; however, case studies where your firm served as co-manager or worked on general obligation bond financings in California for other types of municipal issuers will be accepted.
6. Bond Analysis / Technical Abilities: Please provide a preliminary analysis of the proposed bond issuance, including an explanation of the pricing levels assumed (including comparable pricing information that supports the spread to MMD assumed). For consistency, pricing information should be as of the market on June 16th, 2025.
7. Innovation and Creativity: Please provide examples of instances where your firm has helped develop innovative and creative financing solutions for challenges faced by community college districts such as funding technology needs over time or offering student housing.
8. Regulatory Issues:
a) Within the last 24 months, has your firm and/or any of its employees been subject of any investigation relating to the municipal industry by the U.S. Securities and Exchange Commission, or any other Federal or State organization that oversees or regulates the municipal industry?
b) Within the past 24 months, has your firm and/or any of its employees been involved in any litigation, arbitration, disciplinary, or other actions arising from the firm’s underwriting, management, derivatives, or municipal securities activities?
c) Is there any compensation arrangement or relationship between your firm and any other non-affiliated firm(s) or individuals that may be associated with or impact your possible engagement in the District’s financing program? Is your firm receiving / paying any payment or consideration of any kind of securing the District’s work?
9. Fees: Provide an estimate of your total all-in, not to exceed, underwriting costs associated with serving as underwriter to Mt. SAC on a $200 million fixed rate general obligation bond issuance. Please note that any payment to the underwriter is contingent on the closing of the bonds. In your response, please specifically include:
a) Proposed takedown.
b) Management fee, if any.
c) Expenses. In this section, clearly identify expense estimates. Note that the underwriter will be expected to pay traditional underwriter expenses such as CDIAC, CUSIP, DTC, and DAC fees as well as underwriter counsel fees.
Disclaimers. It is noted that Mt. SAC reserves the right to: reject any and all responses; cancel, modify, or re-issue this request; negotiate with any, all, or none of the respondents; and solicit best and final offers from any, all, or none of the respondents. This request does not commit Mt. SAC to negotiate a contract, nor does it obligate the Mt. SAC to pay for any costs incurred in the preparation and submission of any responses or in anticipation of receiving a contract. Mt. SAC reserves the right to contract with any of the firms responding to this request based on the Mt. SAC’s judgment in evaluating the firm’s proposal, including but not limited to its qualifications, capabilities and fee quote. All questions should be submitted to Jeff Pickett and Miguel Rodriguez via email. Any contact with District senior management or board members shall result in disqualification.
3. Evaluation Criteria
The District will select the best Consultant for this project based on the following:
No. Evaluation Criteria Scoring Method Weight (Points)
1. Relevant experience and qualifications of the firm.
Points Based 30
(30% of Total)
2. Quality of the proposed team and their experience with similar projects.
Points Based 25
(25% of Total)
3. Clarity and comprehensiveness of the proposal.
Points Based 20
(20% of Total)
4. Fee structure and overall cost-effectiveness. Points Based 15 (15% of Total)
5. References and past performance in similar engagements.
Points Based 10
(10% of Total)
4. Submittal Requirements
4.1. Format for Submission
It is strongly recommended that the Consultant submit Proposals in the format identified in this section to allow the District to fully evaluate and compare the Proposals. All requirements and questions in the
RFP shall be addressed and all requested data shall be supplied.
Responses to the vendor questionnaire will be considered the vendor's proposal. The College will evaluate the responses to the vendor questionnaire. All responses should be submitted through the vendor questionnaire, in the format requested. Responses provided in an alternate format may not be reviewed. Please respond to the vendor questionnaire in the format requested, i.e,. long answer and short answer responses should contain a direct written response, and should not provide a link to a document. Providing a link to a document in lieu of entering the response directly in the space and format requested may result in the response not being reviewed.
The District reserves the right to request additional information, which, in the District's opinion, is necessary to assure that the Consultant's competence, number of qualified employees, business organization, and financial resources are adequate to perform according to contract. Failure to submit in the described formats and space limitations may, at the sole judgment of the District, result in a
Proposal being considered as non-responsive.
Proposals should be prepared in such a way as to provide a straightforward, concise delineation of capabilities to satisfy the requirements of this RFP. Responses should emphasize the Consultant's demonstrated capability to perform work of this type. Expensive bindings, promotional materials, etc., are not necessary or desired. Emphasis should be concentrated on completeness, approach to the work, and clarity of the Proposal.
Disqualification: Each Proposal must be complete. Incomplete statements will be considered non-responsive and grounds for disqualification. In addition, the Consultant may be automatically disqualified for any one of the following: falsification of information, lack of relevant experience, and/or lack of responsiveness.
4.2. Electronic Delivery of Proposal
To submit a proposal, the first step is to register on Mt. SAC's eProcurement Portal online
The Company is entirely responsible for the means of all proposal documents submitted electronically via the eProcurement Portal. The Proposal Package must be completed and submitted in sufficient time to avoid disqualification for lateness due to electronic difficulties.
4.3. Evaluation and Award of Contract
Best Value Procurement Selection Method
It is the District's intent to select a Consultant best evidencing demonstrated competence and professional qualification to perform the described services. The District reserves the right to reject any/all Proposals, select by Proposal review only, or interview as needed.
It is the District’s intention to have the responsive Proposals reviewed by a selection committee, whose intention is to short-list certain Consultants to make a brief presentation to and conduct an oral interview with the District’s Review Committee. The top finalists from this interview may be asked to make a brief presentation and conduct an oral interview. The Consultant will be selected based on information provided in the vendor's proposal, in-person presentations and interviews, and the results of the District's research and investigation. Upon selection of a Consultant, the District will endeavor to contract with the Consultant using the Agreement forms provided in this RFP. In the event that the
District is unable to reach agreement, the District will proceed, at its sole discretion, to negotiate with other Consultants selected by the District. The District reserves the right to contract for services in the manner that most benefits the District, including awarding more than one contract if desired.
4.4. Responsiveness to RFP
All Proposals shall be reviewed to verify that the Consultant has met the minimum requirements of the
RFP. Consultants are required to follow the proposal format requested in the RFP in order to facilitate
District review.
5. General Provisions
5.1. Additional Services
The District may elect, at any time, to amend any contract awarded hereunder to require the selected
Consultant to provide additional services. In this case, the selected Consultant and the District will agree mutually on the scope and fees associated with any additional services.
5.2. Addenda
The District may modify this RFP or any of its deadline dates set forth in the Introduction section of the
RFP prior to 2:00 pm on Thursday, July 3, 2025 by issuance of an addendum to all Consultants following the Project via Mt. SAC's eProcurement Portal. All communications regarding this RFP, including RFI https://procurement.opengov.com/portal/mtsac answers and Addendum’s will be sent via the eProcurement Portal to the contact email listed in the vendor profile for your company.
5.3. Alternative Proposals
Only one Proposal is to be submitted by each Consultant. Multiple Proposals will result in rejection of all
Proposals submitted by the Consultant.
5.4. Withdrawal of Proposals
Proposals may be withdrawn and resubmitted via Mt. SAC's eProcurement Portal if done so before 2:00 pm on Thursday, July 3, 2025. Withdrawal or modification offered in any other manner will not be considered.
5.5. Reservations
The District reserves the right to revise the RFP. Revisions to the RFP shall be re-uploaded via Mt. SAC's eProcurement Portal. The District expressly reserves the right to extend the date by which Proposals are due.
The District reserves the right to cancel this RFP at any time prior to contract award without obligation in any manner for Proposal preparation, interview, fee negotiation, or other marketing costs associated with this RFP.
The District may reject any or all Proposals and may waive any immaterial deviation in a Proposal to be considered for further review, at the District’s sole discretion. The District's waiver of an immaterial defect shall in no way modify the RFP documents or excuse the Consultant from compliance with the other provisions of this RFP.
5.6. Disposition of Proposals
Proposals are the property of the District, and returned only at the District's option and at the
Consultant's expense. Information, excluding Consultant's financial information, contained therein shall become public documents subject to the Public Records Act.
5.7. Non-Discrimination
The District does not discriminate based on race, color, national origin, ancestry, sex, age, religion, marital status, disability, or sexual orientation in any of its policies, procedures, or practices.
5.8. Prevailing Wages
Consultants are aware of the requirements of California Labor Code Sections 1720 et seq. and 1770 et seq., as well as California Code of Regulations, Title 8, Section 16000 et seq. ("Prevailing Wage Laws"), which require the payment of prevailing wage rates and the performance of other requirements on certain "public work" and "maintenance" projects. The Consultant must agree to comply with and to require its sub-consultants to comply with such Prevailing Wage Laws to the extent applicable. All
Project cost estimates shall include such consideration.
5.9. Restrictions on Lobbying and Contacts
During the period beginning on the date of the issuance of this RFP and ending on the date of the award of the contract, no person (or entity) submitting a Proposal in response to this RFP, nor any officer, employee, representative, agent, or consultant representing such a person (or entity) shall contact through any means or engage in any discussion regarding this RFP, the evaluation or selection process, or the award of the contract with any member of the District, Board of Trustees, member of the
District’s Campus Master Plan Coordinating Team (CMPCT), the District’s Construction Management
Contractor, Tilden Coil Constructors, Inc., or any member of the Citizens’ Oversight Committee. Any such contact shall be grounds for the disqualification of the Consultant.
5.10. Debriefing
Following the award/execution of a contract and approval from the Board of Trustees, Mt. San Antonio
College will provide debriefing opportunities to any unsuccessful proposer or bidder upon written request. The purpose of the debriefing is to promote transparency, improve future proposals, and provide insight into the evaluation process. To request a debriefing, please contact purchasing@mtsac.edu with this solicitation on the subject line. Debriefings are limited to 30 minutes.
5.11. Sole Point of Contact
All questions should be submitted via Mt. SAC's eProcurement Portal Q&A feature. Vendors should not reach out to any Mt. SAC employee to request information or answer questions during the RFP process via alternate contact methods. Doing so may be grounds for disqualification.
5.12. Term
1 Year beginning 09/01/2025.
5.13. Changes to Pricing
Prices submitted must be firm for the first year of the contract. Contractor may adjust the proposal rates on an annual basis for the following renewal term to reflect any increase in such costs with acceptable proof of escalated costs. The Pricing Proposal may be adjusted to reflect increases in the LA/Riverside
Consumer Price Index or reasonably quantified increases as determined by Mt. SAC. Increases shall not be allowed more than once per year. College must be notified of any rate changes at least 60 days prior to the new renewal term, and will review and make final decision regarding the approval of requested increase.
6. Vendor Questionnaire
6.1. Experience*
Please provide a brief description of your firm and its experience serving as underwriter for California school and community college district general obligation bond financings since January 1, 2022. In an appendix, please include a list of California general obligation bond financings completed since January
1, 2022 with information on issuer, issue date, principal, underwriter discount, percent bonds mailto:purchasing@mtsac.edu underwritten (as percentage of par), whether your firm served as senior or co-manager, and the method of sale.
Maximum response length: 5000 characters
*Response required
6.2. Primary Contact*
Please identify the person who will serve as the primary contact for Mt. SAC and provide the primary contact’s specific experience with California community college district general obligation bond financings.
*Response required
6.3. Reference and Local Connection*
Please provide at least three California community college district references where the proposed primary contact from your firm served as underwriter since January 1, 2022. Please note any firm / primary contact connection with Mt. SAC or general Los Angeles area.
*Response required
6.4. Distribution and Underwriting Capabilities*
Please describe your firm's bond distribution capabilities and firm's ability to access both retail and institutional investors. Please specify your firm’s capital position and ability / willingness of your firm to underwrite bonds, if needed.
*Response required
6.5. Underwriting Performance*
Please provide two case studies where your firm demonstrated its ability to price similar California general obligation bonds effectively and its willingness to underwrite bonds. Senior-managed community college experience is preferred; however, case studies where your firm served as co-manager or worked on general obligation bond financings in California for other types of municipal issuers will be accepted.
*Response required
6.6. Bond Analysis / Technical Abilities*
Please provide a preliminary analysis of the proposed bond issuance, including an explanation of the pricing levels assumed (including comparable pricing information that supports the spread to MMD assumed). For consistency, pricing information should be as of the market on Tuesday, May 20th.
*Response required
6.7. Innovation and Creativity*
Please provide examples of instances where your firm has helped develop innovative and creative financing solutions for challenges faced by community college districts such as funding technology needs over time or offering student housing.
*Response required
6.8. Regulatory Issues*
a) Within the last 24 months, has your firm and/or any of its employees been subject of any investigation relating to the municipal industry by the U.S. Securities and Exchange Commission, or any other Federal or State organization that oversees or regulates the municipal industry?
b) Within the past 24 months, has your firm and/or any of its employees been involved in any litigation, arbitration, disciplinary, or other actions arising from the firm’s underwriting, management, derivatives, or municipal securities activities?
c) Is there any compensation arrangement or relationship between your firm and any other non-affiliated firm(s) or individuals that may be associated with or impact your possible engagement in the
District’s financing program? Is your firm receiving / paying any payment or consideration of any kind of securing the District’s work?
*Response required
6.9. Fee*
Provide an estimate of your total all-in, not to exceed, underwriting costs associated with serving as underwriter to Mt. SAC on a $200 million fixed rate general obligation bond issuance. Please note that any payment to the underwriter is contingent on the closing of the bonds. In your response, please specifically include:
a. Proposed takedown.
b. Management fee, if any.
c. Expenses. In this section, clearly identify expense estimates. Note that the underwriter will be expected to pay traditional underwriter expenses such as CDIAC, CUSIP, DTC, and DAC fees as well as underwriter counsel fees.
*Response required
6.10. Non-Collusion Declaration*
The undersigned declares, states and certifies that:
A. The Bid Proposal is not made in the interest of, or on behalf of, any undisclosed person, partnership, company, association, organization or corporation.
B. The Bid Proposal is genuine and not collusive or sham.
C. The bidder has not directly or indirectly induced or solicited any other bidder to put in a false or sham bid, and has not directly or indirectly colluded, conspired, connived, or agreed with any other bidder or anyone else to put in sham bid, or to refrain from bidding.
D. The bidder has not in any manner, directly or indirectly, sought by agreement, communication, or conference with anyone to fix the bid price, or that of any other bidder, or to fix any overhead, profit or cost element of the bid price or that of any other bidder, or to secure any advantage against the public body awarding the contract or of anyone interested in the proposed contract.
E. All statements contained in the Bid Proposal and related documents are true.
F. The bidder has not, directly or indirectly, submitted the bid price or any breakdown thereof, or the contents thereof, or divulged information or data relative thereto, or paid, and will not pay, any fee to any person, corporation, partnership, company, association, organization, bid depository, or to any member or agent thereof to effectuate a collusive or sham bid.
☐ Please confirm
*Response required
6.11. Drug Free Certificate *
I am aware of the provisions and requirements of California Government Code §§8350 et seq., the Drug
Free Workplace Act of 1990.
I am authorized to certify, and do certify, on behalf of Contractor that a drug free workplace will be provided by Contractor by doing all of the following:
A. Publishing a statement notifying employees that the unlawful manufacture, distribution, dispensation, possession or use of a controlled substance is prohibited in Contractor's workplace and specifying actions which will be taken against employees for violation of the prohibition;
B. Establishing a drug-free awareness program to inform employees about all of the following:
A. The dangers of drug abuse in the workplace;
B. Contractor's policy of maintaining a drug-free workplace;
C. The availability of drug counseling, rehabilitation and employee-assistance programs; and
D. The penalties that may be imposed upon employees for drug abuse violations;
C. Requiring that each employee engaged in the performance of the Contract be given a copy of the statement required by subdivision (A), above, and that as a condition of employment by
Contractor in connection with the Work of the Contract, the employee agrees to abide by the terms of the statement.
D. Contractor agrees to fulfill and discharge all of Contractor's obligations under the terms and requirements of California Government Code §8355 by, inter alia, publishing a statement notifying employees concerning: (a) the prohibition of any controlled substance in the workplace, (b) establishing a drug-free awareness program, and (c) requiring that each employee engaged in the performance of the Work of the Contract be given a copy of the statement required by California
Government Code §8355(a) and requiring that the employee agree to abide by the terms of that statement.
Contractor and I understand that if the District determines that Contractor has either: (a) made a false certification herein, or (b) violated this certification by failing to carry out and to implement the requirements of California Government Code §§8355, the Contract awarded herein is subject to termination, suspension of payments, or both. Contractor and I further understand that, should
Contractor violate the terms of the Drug-Free Workplace Act of 1990, Contractor may be subject to debarment in accordance with the provisions of California Government Code §§8350, et seq.
Contractor and I are aware of the provisions of California Government Code §§8350, et seq. and hereby certify that Contractor and I will adhere to, fulfill, satisfy and discharge all provisions of and obligations under the Drug-Free Workplace Act of 1990.
I declare under penalty of perjury under the laws of the State of California that all of the foregoing is true and correct.
☐ Please confirm
*Response required
6.12. IRAN CONTRACTING ACT CERTIFICATION (Public Contract Code § 2204)* Pursuant to Public Contract Code (PCC) section 2204, an Iran Contracting Act certification is required for solicitations of goods or services of one million dollars ($1,000,000) or more.
I certify that I am duly authorized to legally bind the Vendor/Contractor to this certification, that the contents of this certification are true, and that this certification is made under the laws of the State of
California.
Vendor/Contractor shall check ONLY ONE of the following choices below:
☐ Bidder’s Proposal is less than one million dollars ($1,000,000)
☐ Bidder’s Proposal is one million dollars ($1,000,000) or more, but Bidder is not on the current list of persons engaged in investment activities in Iran created by the California Department of General
Services (“DGS”) pursuant to Public Contract Code § 2203(b), and Bidder is not a financial institution extending twenty million dollars ($20,000,000) or more in credit to another person, for 45 days or more, if that other person will use the credit to provide goods or services in the energy sector in Iran and is identified on the current list of persons engaged in investment activities in Iran created by DGS.
☐ Bidder’s Proposal is one million dollars ($1,000,000) or more, but the District has given prior written permission to Bidder to submit a proposal pursuant to PCC 2203(c) or (d). A copy of the written permission from the District is included with this Contract.
*Response required
6.13. Vendor Packet*
Please download the below documents, complete, and upload. Only fill out pages 1-2 if you are in the state of California.
• MT_SAC_VENDOR_PACKET_(5).pdf
6.14. Acknowledgement*
I certify that I have downloaded, read, understood and agreed to all of the solicitation and contract documents herein
☐ Please confirm
*Response required
6.15. Fees*
Provide an estimate of your total all-in, not to exceed, underwriting costs associated with serving as underwriter to Mt. SAC on a $200 million fixed rate general obligation bond issuance. Please note that any payment to the underwriter is contingent on the closing of the bonds. In your response, please specifically include:
a. Proposed takedown.
b. Management fee, if any.
c. Expenses. In this section, clearly identify expense estimates. Note that the underwriter will be expected to pay traditional underwriter expenses such as CDIAC, CUSIP, DTC, and DAC fees as well as underwriter counsel fees.
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