RES 86347 - Laserfiche WebLink

RAUSCHER PIERCE REFSNES, INC. July 9, 1986 Mr. James Walker City Manager City of Pleasanton Civic Center 200 Old Bernal Avenue Pleasanton, CA 94566 Dear Mr. Walker: Rauscher Pierce Refsnes, Inc. appreciates the opportunity to submit its proposal to serve as underwriter in developing and executing an economical plan to ~ance the acquisition/construction of water reservoir, corporation yard. and other improvements currently being considered by the City. To assist the City in evaluating our proposal. we have included a brief overview of Rauscher Pierce Refsnes, Inc. and its California underwriting capabilities. For 1985, Securities Data Company, Inc. ranked Rauscher Pierce Refsnes, Inc. 11th nationally as lead managing underwriter of negotiated tax-exempt issues (ahead of such "national" ~ as Prudential Bache, Bear Stearns. Dean Witter, and Morgan Stanley). During 1985, our ~rm was the lead managing underwriter for 135 tax-exempt issues totaling $3.1 billion, and co-managing underwriter for an additional 200 issues totaling $6.08 billion. Proposed SCODe of ~epAceS, To develop the most economical and feasible program to finance the City's proposed projects, it will be necessary to complete studies and analyses wi~ch address, at a minimum, the financing options available to the City, costs associated with these options, the potential impact on the City's General Fund and/or other Funds which may be used to secure evidences of indebtedness, rating agency considerations, and conditions in the tax-exempt securities markets. The optimum financing plan to meet the City's needs may involve the use of one or more specialized financing techniques available to the City. Execution of the City-approved plan will require the timely sale, placement'or other disposition of such securities that may be approved, at the best available interest rate, given tben-current conditions in the tax-exempt securities markets. To assist the City in financing its proposed capital improvements, Rauscher Pierce Refsnes, Inc. will provide the following services: 1. Review and analyze all available engineering, financial, legal and other relevant information and data which may have a bearing on a program to finance the proposed projects. 2. Confer and consult with City staff, engineering consultants, and bond counsel as required to determine financing opportunities and restraints associated with the projects, including, but not limited to: (a) construction schedule, allowances for anticipated cost escalation during the construction period, and capital funding requirements to complete the projects as scheduled; One California Street, Suite 2630 · San Francisco, California 94111 · (415) 989-2300 Member New York Stock I~xchanooe, Inc.