FEE_PROPOSAL_REQUIREMENTS.pdf

This is a Fee Proposal Requirements document for Sacramento County's Request for Proposals for Swap Advisory Services. The County seeks swap advisory firms to provide services related to its outstanding swap agreements for the 2008 Pension Obligation Bonds and the 2007B Water Agency Revenue Bonds, both indexed to the Secured Overnight Financing Rate. The proposed contract term is four years with an optional one-year extension. Advisory services include ongoing support for existing swap agreements, rate validation services, and analysis regarding potential future variable rate and swap agreements. The second phase of the contract may include swap valuation services and GASB 53 and GASB 72 compliance reporting services for interest rate swaps. The County's current financing team comprises PFM Financial Advisors LLC as Municipal Advisor, Orrick as Bond Counsel, and Stradling Yocca Carlson & Rauth, P.C. as Disclosure Counsel.

Proposing firms must submit fee proposals as separate PDF documents detailing hourly rates for all lead individuals and staff providing services. The proposal must include a not-to-exceed amount for one year of monthly rate validation services and support for the Series 2008 POB swap agreement and a separate not-to-exceed amount for one year of monthly rate validation services and support for the Water Agency swaps. Phase 2 pricing should include a not-to-exceed amount for one year of providing GASB 53 and GASB 72 reports and analysis. These fee requirements establish the basis for comparing costs across all proposing firms.