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Timeline PROGRESS-IN 20212020 made in late March 2021 2. Selection of Underwriter will be 1. Financial Advisor developed an RFPUnderwriter Services–Issue RFP March Debt refinancing <br /> the analysis recommending a Pension Staff and Financial Advisor completed :Develop Feasibility Analysis December-August 2. Adopt Policy Bond Counsel and Validation Services1. Direct <br /> Staff to propose a contract for Policy:Refinancing Pension Debt & adopt City Council meeting Consider February(RFP)completion of a competitive process the City’s Financial Advisor after <br /> City engaged Urban Futures, Inc. as Advisor:Approve contract for Financial –City Council Meeting July 2. Feasibility Analysis (“Policy”)Liability Cost Reduction Policy 1. Unfunded Employee <br /> Pension documents:completed related Pension Staff and Financial Advisor January Refinancinganalysis to consider a Pension Debt Direct Staff to prepare a feasibility Update :Budget -City <br /> Council meeting April Pension Debt Refinancing <br /> <br />