DESCRIPTION
Financial advisory (“FA”) services provided by PEI include both financial planning and implementation, and often involve 501(c)(3) corporations. FA services can include (1) advice provided with respect to municipal financial products or the issuance of municipal securities (“Municipal Advisory Services”) or (2) planning, debt/tax credit financing implementation which does not involve municipal securities, and other advising which does not involve municipal securities.
OBJECTIVE
Provide a comprehensive, integrated approach to designing and implementing the district’s long-term strategic funding plan in a manner which maximizes revenue and minimizes costs.
COMPONENTS
On the financial planning side, PEI:
- Evaluates long term financial and facilities commitments and identifies potential financing efficiencies and cost savings
- Evaluates potential for obtaining additional revenues that don't require voter approval
- Develops strategic funding plans which typically combine multiple funding sources and financing mechanisms to meet the facilities and program needs of the district
- Negotiate and prepare facilities and development agreements Ensure compliance with district obligations under CEQA, including prepare redevelopment impact study if needed
On the implementation side, PEI:
- Works with underwriters and others to implement the district's strategic funding plan, and when needed, to maximize the probability of success in obtaining voter-approved revenues
- Structures financings involving New Markets Tax Credits, Opportunity Zone funding, and/or other subsidized financing programs
- Assists with financings involving traditional tax exempt bonds, private placement lease-purchase financings, COPs repaid by redevelopment and other non-general fund revenues, charter public school financings, etc.
RESULTS
FA services from PEI may help identify new revenues and/or reduced costs for district facilities and programs, and/or new debt which is sized, structured, and phased to ensure that facilities are financed and completed when needed, with the goal of minimizing interest and issuance costs, and maximizing political support from the community.