Contributed photo
Contributed photo
Prospective financial advisers should submit their proposals for services and contract bids to the Village of Deerfield by Friday, as the village enters the next phase in its search for a new financial adviser.
In an informative request-for-proposal (RFP) document available to all participants at www.deerfield.il.us/assets/1/finance/Fin_Advisor_RFP_2016.pdf, Deerfield’s government provides a description of the village, its debt-financing plans, scope of services and a projected schedule for selection of a financial adviser.
Additionally, the finance department has laid out details of the contract and proposal requirements, along with criteria for selection and general questions.
The village, which has a bond rating of Aaa from Moody’s Investors Service, has engaged Northern Trust for financial-adviser services since 2007 and has invited several firms to submit proposals.
Among other responsibilities, the winning contractor would prepare a Comprehensive Annual Financial Report (CAFR) in accordance with industry accounting standards, plan and implement actions for refinancing activity, arrange for publishing bond-sale information, advise the village on debt policy, and make recommendations to the board.
Eligible companies are advised that following the request-for-proposal due date of April 15, an adviser will be announced on May 16.
Applications may be sent to Finance Director Eric Burk at the Village of Deerfield offices, 850 Waukegan Road, Deerfield, Illinois, 60015 or to eburk@deerfield.il.us.
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