Agency: City of Belvedere
Contact: Craig Middleton (cmiddleton@cityofbelvedere.org)
Phone: 415-435-3838
Deadline: 09/10/2019
More: RFP Detail Online
The City of Belvedere (City) is requesting proposals from qualified municipal financial
advisors to assist the City with bond financing strategies, debt service management,
financial planning for capital projects and long-term operational costs.
As part of its ongoing efforts to protect Belvedere and its residents, the City is seeking to
finance a series of infrastructure projects related to seismic strengthening and raising of
two seawalls, as well as utility relocation and hardening, and other associated projects.
The conceptual cost estimate for this work ranges between $25M and $30M. The City is
looking at a number of sources of funds, and will likely seek voter support in November
2020 for a revenue measure that could support bonding of up to this amount.
The City seeks advice as to the most appropriate approach to financing this infrastructure
work. All debt should be structured in a manner that protects current and future taxpayers,
ratepayers and constituents of the City, and assures that the City’s debt profile maintains
consistency with the City’s planning goals and objectives and capital improvement
program or budget. It is essential to continue to maintain a sound financial position for the
City by ensuring that the City has the flexibility to respond to changes in future service
priorities, revenue levels, and operating expenses.