Item 23 - Pension Debt Refinancing Update and Underwriter Selection

Home Browse Search

STIFEL viii. Significant Engagements A list of the local office's most significant engagements in the last five (5) years, indicating whether they are public or private sector, and including scope of work, date, and name and telephone number of the client contact. Please refer to Appendix D. ix. Conflicts of Interest A statement that the firm is independent of the City and that it is unaware of potential conflicts of interest. There are no conflicts or perceivable conflicts of interest with the City. To the best of our knowledge, Stifel has no such arrangements material to our services and performance related to this agreement. x. Affirmative Statement Verifying California Registration An affirmative statement verifying the firm and all assigned key professional staff are properly licensed to practice in California. The firm and all assigned key professional staff are properly licensed to practice in California. A. Errors and Omissions Insurance A warrant that the firm maintains a prudent amount of errors and omissions insurance that covers negligent acts and is applicable to the work requested in this RFP. The firm maintains E&O insurance that is applicable to the work requested in this RFP. xii. Acknowledgement of Contractual Authorization An acknowledgement by signature that the signer is authorized to contractually bind the firm. Both of the proposed project managers, John Kim and Tom Jacob, are authorized to contractually bind the firm. xiii. Litigation Any pending legal actions and litigations against the firm. Legal actions against the firm in the previous five years shall be included. Stifel, Nicolaus & Company, Incorporated ("Stifel") is an investment banking and securities firm providing investment services to individuals and institutional clients, investment banking, and related services including the day-to-day purchase and sale of securities. Stifel is a wholly -owned subsidiary of Stifel Financial Corp. (SF). In the normal course of business, at any given time, Stifel is subject to a number of claims and disputes, as well as regulatory matters including examinations, reviews, investigations, or formal actions. All required disclosures of material litigation and regulatory matters are made in Stifel Financial Corp.'s public filings with the SEC and other regulatory authorities, such as its Form 10-K and the most recent Form 10-Qfiled with the U.S. Securities and Exchange Commission (the "SEC"), 8-K's, and in other regulatory filings, such as Form B/D, as amended. You are further referred to the FINRA website, where you can access Broker Check reports for Stifel, Nicolaus & Company, Incorporated which may be located with the following hyperlink: http://brokercheck.finra.org/Firm/Summary/793. 4. Pension Obligation Bond Experience i. Assigned Personnel Experience Describe the firm's and selected personnel's experience within the last thrity-six (36) months regarding the issuance of Pension Obliagtions Bonds. Please include but not limited to the following items: i. Name of Municipality or District ii. Amount of Debt Issuance iii. Par amount of debt issued iv. Number of underwriters within the engagement - if multiple underwriters, indicate if co or senior As previously mentioned, Stifel is the leading underwriter of California pension financings. Below we list Stifel's California pension experience over the last 36 months as well as those transactions scheduled to come to market in the first half of 2021, highlighting in blue those transactions staffed by our project managers. City of Santa Ana I Proposal to Provide Underwriting Services Page 5