Project Information

Bid Title

Financial Advisor Professional Services

Issuing Agency

City of Palo Alto

Location

California

Published Date

Aug 5, 2026

Closing Date

Sep 15, 2026

Government Level

State & Local

Status

Closed

Original Source

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Bid Documents

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Project Description

Project ID:

Title: Financial Advisor Professional Services

Addenda: 0

Release Date: 8/5/2026

Due Date: 9/15/2026

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Financial Advisor Professional Services

Request For Proposal

Administrative Services

52 , 521 , 522 , 523 , 524 , 525

Project ID: RFP198130

Release Date: Wednesday, August 5, 2026

· Due Date: Tuesday, September 15, 2026 3:00pm

Posted Wednesday, August 5, 2026 12:33pm

All dates & times in Pacific Time

Draft Response No Bid40 days, 20 hours, 59 minutes

Post Information

Posted At:Wed, Aug 5, 2026 12:33 PM
Sealed Bid Process:Yes (Bids Sealed / Pricing Sealed)
Private Bid:No

Overview

Summary

The City of Palo Alto is seeking proposals from qualified financial advisory firms to provide professional guidance and advisory services to support the City’s debt management, capital financing, and related strategic planning for a three-year period. The selected firm will work closely with City staff and elected officials to support fiscal planning, debt issuance and structuring, market evaluations, long-term liability management, and other public financing needs.

Background

The City of Palo Alto is a full-service city located in Santa Clara County. The City provides a broad range of community services, including public safety, transportation, parks and recreation, libraries, and utilities (electric, water, gas, wastewater, refuse, storm drainage, and fiber services). Palo Alto is committed to sustainable infrastructure, long-term fiscal resilience, and strategic investment in the community and utility assets.

Palo Alto maintains a diversified portfolio of long-term liabilities across governmental and enterprise functions, supporting a range of capital investments including public facilities, utility infrastructure, and long-term infrastructure improvements. The City’s debt instruments include general obligation bonds, certificates of participation, utility and other revenue bonds, and related long-term obligations. As part of its ongoing capital improvement planning, the City has identified the Electric Grid Modernization project and the Cubberley Community Center project as key infrastructure initiatives. The Electric Grid Modernization project is intended to enhance the resilience, reliability, and capacity of the City’s electric distribution system to support electrification, clean energy goals, and future load growth. The Cubberley Community Center project is a City Council priority that redevelops the site into a safe, modern, and accessible space for childcare, classes, and youth and adult recreation. The City anticipates that one or more debt issuances may be considered as part of the financing strategy for these projects and potentially other future capital priorities; however, the timing, structure, and authorization of any issuance will be subject to City Council direction and staff planning.

Timeline

Release Project Date:

August 5, 2026

Question Submission Deadline:

September 8, 2026, 12:00am

Proposal Submission Deadline:

September 15, 2026, 3:00pm

Commodity Codes

• NAICS 541611Administrative Management and General Management Consulting Services

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