Power District Public Infrastructure District No. 1- Financial Municipal Advisor

Power District Public Infrastructure District No. 1 (Power District PID 1 or the "District") is an independent political subdivision created pursuant to the Utah Public Infrastructure District Act (Utah Code § 17D-4). The District was formed to finance and construct critical public infrastructure and community facilities within the Power District development area.

Power District PID 1 is issuing this Request for Proposals (RFP) to engage a qualified Financial Municipal Advisor firm. The primary focus of this engagement is to structure, advise on, and execute the issuance of municipal bonds to fund the capital development for two projects:

• Animal/Event Barns: Financed primarily through tax increment revenues generated from development within the Fairpark area.
• Multi-Level Parking Garage: Financed primarily through sales tax revenues pledged by the Utah Fairpark Area Investment and Restoration District.

The selected Municipal Advisor will be responsible for evaluating, modeling, and structuring debt backed by these distinct revenue streams, including navigating inter-entity pledge agreements and credit considerations.

Power District PID 1 seeks proposals from experienced, SEC/MSRB-registered Municipal Advisory firms. Selected firms must demonstrate strong expertise in Utah PID financing structures (Utah Code § 17D-4) and revenue bonds.

Qualified Financial Advisor Firms must be registered with the SEC and MSRB.

The Financial Advisor will work closely with other members of the financing team (e.g., underwriters, bond counsel, District Management, etc.) to plan and execute issuance of bonds or in obtaining other capital resources.

The scope of services for Power District PID 1 includes, but is not limited to:

• Debt Structuring: Advise on capital financing structures for the new barns and parking garage using tax increment revenues and pledged sales taxes.
• Transaction Execution: Assist in discussions, document review sessions, preliminary/final official statement (POS/OS) preparation, and due diligence for public offerings or private placements.
• Team Selection: Assist in drafting RFPs/RFQs and selecting underwriters, trustees, bond counsel, and other related bond and professional services.
• Financial Modeling & Feasibility: Evaluate revenues and construction draw schedules to ensure cost-effective financing.
• Pricing & Market Analysis: Provide independent pricing verification, compare yield curves, and evaluate market timing to achieve the lowest cost of capital.
• Regulatory Compliance: Ensure full compliance with MSRB rules, federal tax laws, SEC Municipal Advisor Rules, and Utah PID governing limits.

Proposals must be submitted electronically through Bonfire by the Proposal Due Date above.

The RFP for Financial Municipal Advisor service should have 4 main components:

• Cover Letter (2 page limit)
• General Information (8 page limit)
• Technical Questions (13 page limit)
• Cost Proposal: (Submitted as a separate file) (2 page limit)

Proposals will be evaluated out of a total 45 technical points. The maximum cost score is 15 points. Proposals scoring below 36 points will be eliminated. **If Needed, Anticipated Interview Presentation: 11/30/2026- 12/3/2026**

Pricing must be submitted as a separate document (Appendix B). Inclusion of cost data in the technical proposal will result in immediate disqualification.

All proposed rates and fee structures must remain guaranteed for a minimum of one (1) year.

The District may reject a proposal if the offeror who submitted the proposal fails to sign a contract within 90 days after the contract award.