RFP No. 267016 Arbitrage Consultant Services

The City of Salem is seeking a consultant to provide arbitrage consulting services to ensure compliance with tax-exempt financing regulations. The consultant will be responsible for calculating arbitrage earnings, preparing reports, and providing expertise on regulatory requirements. The scope of work includes determining the lowest legally permissible arbitrage rebate, assisting the City in understanding computational and reporting requirements, and maintaining a system to monitor calculation deadlines. The consultant will also be required to provide a draft report and opinion, executive summary, and written report supporting the computations. The City is looking for a consultant with regulatory expertise and experience in computing yields on variable and fixed rate issues. Some key points to consider: • The City has approximately $430 million in outstanding tax-exempt debt issues. • The consultant will be required to review outstanding debt issues and provide a prioritized list of information necessary to complete arbitrage calculations. • The consultant will be required to provide a sample report and opinion for a typical first 5-year arbitrage rebate calculation. • The consultant will be required to describe their experience in providing arbitrage calculation services for various types of issues, including fixed rate bonds and short-term variable rate instruments. • The consultant will be required to describe their record retention policy surrounding work papers utilized for arbitrage rebate calculations.