1995 048 Ordinance - Laserfiche WebLink

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~4.CEdwar~cls&~Son N,Inc We view our purpose as twofold; first, to minimize the effort required by the Village to achieve an effective debt management program and second, to maximize the mazket acceptability of the Village's bonds. Our proposed services will include five components: 1. Review the Village's Financial Profile and Develop a Financing Plan. 2. Assistance with the Preparation of the Preliminary Official Statement, Final Official Statement and other Financial and Legal Documents. 3. Rating Agency and Insurance Company Preparation. 4. Negotiate the Bond Sale. 5. Post-sale Services. Review the Village's Financial Profile and Develop a Financing Plan It is in this review that the important parameters will be defined for eventually marketing the debt. The review will consist of: 1. Consult Village officials, bond counsel, and others to determine the financing objectives; 2. Incorporate a review of the Village's "Pro-forma" capital plan with future capital and operating needs and alternative revenue growth scenarios. 3. Develop along-term financing plan considering all financing sources (grants, subsidized loans, public debt sales, etc.) and a complete set of debt policies; 4. Thoroughly analyze issue size and structural alternatives in light of the Village's financing goals Preparation of the Official Statement and Other Supporting Documents A.G. Edwards assistance in preparing the Official Statement includes drafting sections, compiling and formatting financial data, researching useful economic outlook information and reviewing and editing each draft along with bond ~ counsel and the Village. It is in the Village's best interest to distribute a thoroughly researched and impeccably prepared Official Statement to potential investors, rating agencies and insurance companies. It is our job to facilitate that end. The difference between a mediocre Official Statement and one prepazed professionally and comprehensively can reveal itself in the interest rates or bond rating (or insurance premium, if applicable) obtained by the Village for its bonds. A.G. Edwards will: 1. Provide advice and assistance to bond counsel in the development and preparation of all supporting legal documents relevant to the financing; 2. Coordinate the development of the documents pertaining to the acquisition of any credit enhancement facility; and 3. Assist in drafting a complete and detailed preliminary official statement. Mayfield Village, Ohio Page 2 Off: .Q _, ~'C/Y '• ..