Request For Proposal - Financial Advising Services

The City of Platteville, Wisconsin is inviting proposals for the purpose of selecting a firm to serve as Financial Advisor to the City. The selected vendor will be contracted for a term beginning January 1, 2023. Click here to view the full Financial Advising Services RFP.

The Financial Advisor will assist the City in the analysis, structure, issuance, and management of debt. The Financial Advisor may also be called upon to provide other financial advisory services.

The City of Platteville typically issues one general obligation bond each year to finance road reconstruction. These issues are approximately $1.2 million in size. In 2019 the City began a multi-year upgrade of the wastewater treatment plant and is issuing utility revenue bonds to finance this endeavor through 2026 or later. The revenue bond issues are $1.5 to $2.0 million each year. Total debt outstanding as of 06/15/22 is $37,888,712. At our last rating in May of 2021, S&P Global Ratings has rated The City of Platteville debt issues as AA-.

Please see Attachment A “Schedule of Indebtedness as of June 15, 2022” for a list of outstanding debts.

The City of Platteville’s intent is to award full services to the successful vendor. The expectation is that none of the required services will be outsourced to third parties, unless agreed upon.