Summary
PICA adopted Resolution No. 2019-13, approving the engagement of Phoenix Capital Partners, LLP and PFM Financial Advisors LLC as financial advisors. The selection followed a competitive Request for Proposal (RFP) process aimed at identifying firms capable of assisting with a potential bond refunding transaction. These advisors will provide financial guidance and evaluate market conditions to ensure PICA achieves optimal savings through refinancing. The resolution authorizes the Executive Director to finalize engagement terms and execute necessary agreements. This step ensures that PICA has professional expertise in managing its bond obligations. The resolution takes effect immediately.