Refundings

• Review structure of outstanding bonds/lease purchase agreements to identify potential refunding candidates

• Review terms and conditions of existing obligations in order to assure compliance when completing refunding.

• Review current school budget projections and integrate refinancing results with future budget projections.

• Determine outstanding balance of unused proceeds, if any.

• Provide an analysis to determine the amount of refunding bond/cop proceeds necessary to complete refunding of existing obligations.

• Represent Board at meetings with the Department of Education and Local Finance Board, as necessary.

• Prepare timetables and work schedules; monitor the status of security related activities; and coordinate the activities of other professionals as necessary to ensure a timely completion of the refunding.

• Assist the Board with public presentations concerning the refinancing process.

• Develop comprehensive tax impact analysis based on debt services (current and future), debt service aid, changes in operating budget resulting from proposed financing, and investment income as applicable.

• Assist with the structuring of escrow investments in order to assume maximum interest earnings, within legal parameters.

• Provide information to rating agencies and coordinate rating agency approvals.

• Assist in the preparation of the Preliminary and Final Official Statements in connection with the sale of securities.

• Assist in other aspects of planning, structuring, timing, execution and closing of the transaction.