RFQ#2627-004 Broker/Dealer Questionnaire & Certification

The City of Redondo Beach is requesting responses from broker/dealer firms interested in investing proceeds from its voter-approved Measure FP General Obligation Bonds, an RFQ due October 9, 2026 at 2:00 p.m. PDT. The City will not engage an independent registered municipal advisor, so selected broker/dealers will not have an exemption or exception to operate under the Municipal Advisor Rule.

The Measure FP bond measure totals $93.35 million, approved by voters on November 5, 2024, and funds the reconstruction of two fire stations and modernization of police facilities. The City anticipates issuing the bonds in early November 2026 and will invest proceeds via competitive shopping aligned with the draw schedule. Selected broker/dealers will be added to an Approved List and may be utilized for future rebalancing activities.

Respondents must demonstrate Federal Reserve Primary Dealer status, California licensing, FINRA registration and SEC Rule 15c3-1 compliance, and sound regulatory history. Required submissions include firm qualifications; political contribution disclosures; account representative credentials; clearing and settlement arrangements; documented experience with California public sector clients and debt issue investing; trading processes and compliance systems; references from up to five California public entities; sample transaction documentation; FOCUS reports; and audited financial statements.

Selected broker/dealers must complete and sign a Certificate of Receipt and Understanding acknowledging the City's Investment Policy, available on the City Treasurer's website, which will govern permissible investments for the bond proceeds. The City's Office of the City Treasurer will review responses and contact references. Submissions are due electronically through the City's OpenGov procurement portal. Sarah Meacham, Chief Deputy City Treasurer, is the staff contact for questions and clarifications, submitted through the procurement portal.