A letter dated November 12, 2026, from Nicole C. Doheny, Manager of Finance, pursuant to Section 20-92 of the Denver Revised Municipal Code, advising City Council that the Department of Finance has retained the following firms to provide financial advisory services to the City: 1) Stifel, Nicolaus & Company, Incorporated, which will serve as the City’s Independent Registered Municipal Advisor (IRMA) for General Administration and Investor Relations Municipal Advisory Services and may also provide municipal advisory services for non-Airport debt and credit issuances. General Administration services include advice on the City’s debt portfolio and policies, refunding and restructuring opportunities, rating agency and investor relations, continuing disclosure and post-issuance matters, regulatory developments, special taxing districts, tax increment financings and, as needed, conduit and private activity bond activities. Transaction services may include General Obligation Bonds, Excise Tax Revenue Bonds, Certificates of Participation, Wastewater and Golf Enterprise Revenue Bonds, and other direct financial obligations of the City and its non-Airport Enterprises; 2) Frasca & Associates, LLC, which will serve as municipal advisor solely for Airport-related matters in connection with financial obligations for and on behalf of the Airport Enterprise. Services include Airport debt portfolio administration, financing and underwriter proposal review, rating agency and investor relations, continuing disclosure and post-issuance matters, credit and liquidity facilities, debt planning and financial analysis, and transaction-specific support for Airport debt and derivative transactions, including structure, pricing, method of sale, financing documents and qualified independent representative services. All firms above were selected through a competitive RFP process in June 2026. These firms will work under the direction of the Manager of Finance and/or their designee(s), in close coordination with the Capital Management and Financing Division within the Department of Finance.
26-1766 · Communication · Agenda Ready