Underwriting services

The City of Palm Coast, Florida is seeking proposals from qualified firms to serve as Underwriters for the proposed issuance of approximately $275,000,000 of Utility System Revenue Bonds, Series 2026. This procurement is specifically targeting financial services firms capable of assisting the city with structuring, pricing, and selling revenue bonds for the city's utility system. The primary deliverables will include comprehensive underwriting services to facilitate the bond issuance, with an anticipated sale and issuance scheduled for the first quarter of calendar 2026. Interested firms are required to demonstrate expertise in municipal bond underwriting, financial structuring, and public utility financing. The proposal submission deadline is set for September 25, 2025, with interested parties directed to contact Joel Tindal at joel.tindal@hilltopsecurites.com for further information and proposal submission guidelines. While specific evaluation criteria are not explicitly detailed in the provided documentation, firms will likely be assessed on their financial capability, previous experience with similar municipal bond transactions, and proposed approach to underwriting the utility system revenue bonds.

The contract opportunity does not specify explicit set-aside designations or restrictions for disadvantaged business enterprises. No incumbent vendors or current contractors are mentioned in the available documentation. The substantial bond amount of $275 million suggests this is a significant financial services opportunity that will require substantial institutional capacity and demonstrated track record in municipal bond underwriting. Potential respondents should be prepared to provide comprehensive financial analysis, market insights, and strategic recommendations for the bond issuance. The award will likely be based on a combination of financial expertise, competitive pricing, and the ability to secure favorable market terms for the City of Palm Coast's utility system financing. While a specific budget range is not provided, the $275 million bond issuance indicates a high-value contract with potential for significant financial services compensation.