Municipal Financial Advisory Services
Silicon Valley Clean Energy seeks a Municipal Financial Advisor to structure and close a tax-exempt bond issuance for prepaying renewable energy and commodity contracts across its 280,000-customer service territory in Santa Clara County. The advisor will provide full transaction support—from vendor selection and documentation review through bond pricing negotiation, swap structuring, ratings presentations, and quantitative modeling—with the mandate to meet minimum savings thresholds on the prepay deal. SVCE, a Joint Powers Agency serving 13 communities since 2017, is targeting an energy prepayment transaction that requires experienced counsel in municipal finance, commodity hedging, and non-recourse bond mechanics.
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AI overview
Silicon Valley Clean Energy (SVCE) is exploring an energy prepayment transaction and is soliciting offers from qualified Municipal Financial Advisors to serve as financial advisor and swap/hedge advisor for the issuance of tax-exempt non-recourse bonds to prepay certain renewable energy and/or commodity contracts executed by SVCE. The general purpose of the request for proposals is to demonstrate qualifications, competence, and capacity to undertake the responsibilities of serving as the financial and/or swap and/or hedge advisor to SVCE in its efforts to market the bonds for SVCE's prepay transaction. The financial advisor will provide SVCE with any and all financial/swap/hedge advisor services necessary to successfully structure and close an energy prepayment transaction and meet the minimum savings threshold. Services include assistance in drafting solicitations and selection of counsel, prepay supplier and other necessary vendors; reviewing and commenting on all documentation; assistance with preparing necessary disclosures; attendance at Board meetings; assistance with preparing materials for ratings agencies; assistance with road show materials; assistance in negotiating bond pricing; assistance in pricing negotiations with commodity or interest rate swap providers; providing quantitative analysis and modeling; and other customary services for a prepayment transaction. SVCE was formed as a Joint Powers Agency in March 2016, and launched service in April 2017. It serves 13 Santa Clara County communities, including Campbell, Cupertino, Gilroy, Los Altos, Los Altos Hills, Los Gatos, Milpitas, Monte Sereno, Morgan Hill, Mountain View, Saratoga, Sunnyvale and unincorporated Santa Clara County, providing clean electricity to 280,000 residential and commercial customers.
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Proposal Document
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