RFP 26-03 _ADDENDUM NO. 1_BOND SYNDICATE.pdf

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Attached to
RFP NO. 26-03 BOND UNDERWRITING SERVICES
Solicitation number
NO. 26-03
Issued by
Los Angeles County, California

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RFP 26-03 BOND SYNDICATE ADDENDUM NO. 1

This addendum to RFP No. 26-03 issued by the Los Angeles Community College District establishes requirements for bond underwriting services to support the District's voter-approved General Obligation Bond Program and other authorized debt financing instruments. The District seeks qualified investment banking firms to provide underwriting services, participate in underwriting syndicates as Senior Manager, Co-Senior Manager, or Co-Manager, and serve within an underwriting pool for a five-year contract term running from August 6, 2026 through July 30, 2031. A mandatory pre-proposal conference was held on June 4, 2026, with a questions submission deadline of June 9, 2026 at 2:00 p.m. Pacific Time and proposal submission deadline of June 25, 2026 at 2:00 p.m. Pacific Time. The Board approval date for contract awards is scheduled for August 5, 2026, with a Notice of Intent to Award on July 20, 2026. Proposers must acknowledge receipt of all addenda in writing and submit one printed original, seven copies, and one electronic copy on USB drive in Microsoft Word format to the Procurement Unit at 770 Wilshire Boulevard, 6th Floor, Los Angeles.

Eligible firms must be authorized to conduct business in California, be registered broker-dealers in good standing, be licensed for municipal securities underwriting, and demonstrate significant experience serving as Senior Manager or Co-Manager for General Obligation Bond issuances and public finance transactions for school districts, community college districts, municipalities, or public agencies. The District will evaluate proposals on a 100-point scale based on professional qualifications and experience (25 points), project approach and methodology (20 points), key personnel (20 points), corporate citizenship and community engagement (15 points), past performance and references (10 points), and Small, Local, Emerging, and Disabled Veteran (SLEDV) business certification (10 points). Firms scoring an average of 85 points or higher are eligible for placement on the District's approved firms panel. The District anticipates awarding contracts to multiple firms and reserves the right to negotiate fees for each individual bond issuance. Either party may terminate the contract with 30 days' written notice. Proposers must submit numerous mandatory documents including non-collusion affidavits, certificates of non-discrimination, confidentiality agreements, Russian economic sanctions certifications, SLEDV certifications, and Levine Act campaign contribution notices.

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LOS ANGELES COMMUNITY COLLEGE

DISTRICT Contracts Office

770 Wilshire Boulevard, 6th Floor Los Angeles, California 90017

RFP Number: REQUEST FOR PROPOSAL

(RFP) NO. 26-03 BOND SYNDICATE

(UNDERWRITING SERVICES)

Addendum Number: 1 - MANDATORY PRE-PROPOSAL

CONFERENCE

Date: JUNE 4, 2026

NOTICE TO PROPOSERS: THIS ADDENDUM SHALL BECOME PART

OF THE RFP, AND PROPOSERS SHALL ACKNOWLEDGE, IN WRITING,

RECEIPT AND INCORPORATION OF ALL ADDENDA AND CLARIFICATIONS

IN THEIR RESPONSE. FAILURE OF THE BIDDER/PROPOSER TO

RECEIVE ADDENDA SHALL NOT RELIEVE THE BIDDER/PROPOSER FROM

ANY OBLIGATION UNDER ITS BID / PROPOSAL AS SUBMITTED. THE BIDDER/

PROPOSER SHALL IDENTIFY AND LIST IN ITS BID/PROPOSAL ALL ADDENDA

RECEIVED AND INCLUDED IN ITS BID/PROPOSAL; FAILURE TO DO SO MAY

BE ASSERTED BY THE DISTRICT AS A BASIS FOR DETERMINING THE BID

NON-RESPONSIVE.

Offerors are cautioned that, notwithstanding any remarks, clarifications, or responses provided at the conference, all terms and conditions of the solicitation remain unchanged unless they are changed by written amendment. It is the responsibility of each offeror, prior to submitting a proposal, to seek clarification of any perceived ambiguity in the solicitation or created by an amendment of the solicitation.

Statements and materials discussed at the conference are informational only, are not binding upon the District and do not replace reading, reviewing and complying with this RFP.

Please be reminded: UNAUTHORIZED COMMUNICATIONS

Proposers shall not, prior to Award, contact or communicate, either verbally or in writing, with any of the following persons (other than the person named above) for the purpose of discussing the requirements of the RFP Documents or the RFP process: (1) any trustee, officer, employee, or representative of the District; or (2) any consultant, or employee of a consultant, providing the District with assistance, advice, or professional services relating to the matters covered by the RFP Documents or who is involved in any aspect of the RFP evaluation or scoring processes. Unauthorized communication by a Proposer in violation of the foregoing may result in disqualification.

CONTACT FOR ALL COMMUNICATIONS IS:

Ms. Dorothea Mc Farline District Procurement Manager mcfarld@laccd.edu

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