Exceptions.docx

The document is an Exceptions form related to a Request for Proposal (RFP) for Mt. San Antonio College involving Bond Underwriter Services. The RFP (#2025-182) seeks qualified municipal bond underwriting firms to support a $750 million voter-approved general obligation bond authorization in Los Angeles County, California. The initial bond issuance will be $200 million in fixed-rate general obligation bonds, with firms required to demonstrate specific experience with California Community College district bond financings since January 1, 2022. Key dates include 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 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%). The solicitation appears open to qualified financial institutions, with significant interest from major firms including Barclays, RBC Capital Markets, Cabrera Capital, Siebert, Piper Sandler, Loop Capital, and Isom Advisors. The Professional Services Agreement indicates a compensation structure where the district will pay the contractor a total amount not exceeding a specified dollar amount, with monthly invoicing permitted. Contractors must maintain various insurance coverages, including commercial general liability and professional liability, with $1 million per occurrence coverage limits.