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m. mairnre IPVPI Jf Glmmrimrnt Jf ebch of the nsbrynPrJ key personnel nnH how you will PnsurP rho arresslhlllt y of key porsnmlPl to rho t.iry.
<br />Please reference our response to Questlon V below, which outlines BofA's key personnel.
<br />v. Resumes far the PicfessionnI steff ossigned to the engagement. Include n brief biag rap by of each person specifically addressing experience relevant
<br />tr, the Ciry'%prnpr arH financing. A HiV"Won of r-durntinnal hackyrounr/ and relevant exp - e of the, v caner, 5upervBorlcJ and Sniff wh1rh will he
<br />ossigned to this en go demerit as well as their assianed responsibiliries under the proposal shall be intruded.
<br />BofA has assembled a dedicated POB Team to assist California issuers with refinancing their Ca1PERS UALs.
<br />This "one team" approach allows us to seamlessly convey the latest structuring, rating and investor insights
<br />to clients in this rapidly changing market segment. Holly Vocal and Jeffrey Bawer, as primary and secondary
<br />contacts, will ensure that the full resources of BofA and the team are dedicated to the City. Further, and as
<br />Shown in the table below, each member has significant senior managed experience with California PCBs.
<br />Holly Vocal, Manacling Director
<br />San Francisco
<br />17 yrs
<br />Senior Managed: 5
<br />40.09r
<br />Jeffrey Flower, Managing Director
<br />Las Angeles
<br />32 yrs
<br />Senior Managed: 7
<br />5.09.
<br />Carr. Public:
<br />In,, Rudrir;oor, Munn....., n rrr our
<br />Nr-. w Yurk
<br />17 yc:
<br />tionlnr Manaxo d: R
<br />1f1. n'Y
<br />Finance Team
<br />Doug Baron, Director
<br />Las Angeles
<br />13 yrs
<br />Senior ManaEcd 3
<br />10.0%
<br />Geoffrey Sauers, Vice President
<br />Los Angeles
<br />8 yrs
<br />Senior Managed. S
<br />lS.OX
<br />Katy 1'. 11, AS ,VIntP
<br />I ns lrngAlP
<br />5 yrr.
<br />tienior mmi.i { dl 5
<br />159 Ox�
<br />Catherine Crews, Monogfng Director
<br />New York
<br />16 yrs
<br />Senior Managed: 7
<br />S.OW
<br />IJnrfnrW rit nY
<br />Rrenpan Tiny, Mpnpgrn(I DIrTLraY
<br />New Vnrk
<br />99 yrs
<br />ieniar Manage_tl
<br />A5 NpP C1P(I
<br />Rating StratPpips
<br />Rind GPWPhr, SPnror VlrP PrPsrHPnr
<br />%Bw York
<br />Sri yrs
<br />Senior Managed: 8
<br />M NeBrl Bel
<br />Jorge Rodriguez, Managing Director, is BofA's national pension financing specialist with expertise with actuarial
<br />and strategic asset allocation matters. Jorge is able to bring his financial modeling and scenario analysis
<br />experience to bear in assisting the City and its Municipal Advisor with structuring decisions. Doug Baron,
<br />Director, will serve as a project banker. Doug offers a wealth of experience working in California public finance,
<br />having previously served as Manager of Public Finance and Investments at the County of Los Angeles and having
<br />managed more than $1 billion of pension bonds while at the County. Geoffrey Sauers, Vice President, and Katy
<br />Liu, Associate, will assist with the execution efforts. Geoffrey and Katy have led the execution efforts for over
<br />$10 billion in municipal offerings, including POBs for Azusa, Downey, Gardena, Huntington Beach, Manhattan
<br />Beach and El Cajon.
<br />Credit Soeciolist: Complementing our team is a veteran credit strategist who provides expertise in structuring
<br />pension obligation financings and working with the rating agencies as well as investors on credit -related
<br />issues.considerations. Brad Gewehr, a Senior Vice President in New York has worked over the past 20 years with
<br />various issuers and their finance teams to develop optimal pension obligation structures to increase funding
<br />ratios while maintaining affordability. With his extensive knowledge of actuarial and accounting principles, he
<br />has helped ensure that pension liabilities and expenses are properly presented to rating agencies and investors.
<br />Most recently, Brad worked on pension or OPEB financings for the cities of Riverside, Gardena, Azusa and El
<br />Cajon as well as for Gainesville (FL), the State of Illinois and the Kansas Development Finance Authority.
<br />Underwriting: Catherine Crews, Managing Director, will Serve AS Lhe lead underwriter for Lhe City'S POB
<br />financing. Catherine has 16 years of underwriting experience with a particular focus on California issuers and
<br />has served as the lead underwriter for over $2.0 billion of POB financings in the last five years. Brendan Troy,
<br />Managing Director, will provide additional underwriting support. Brendan offers the City 22 years of experience
<br />for nurnerous credits nationally as well as extensive experience wish California general fund issuers.
<br />Resumes for our team are provided under Appendix R.
<br />i" A demipbnn of the Prnpnspi 's Pxperrenre in providing vinrlarSPNICPs to thnip rpgiipsrPH in this RFP.
<br />The City's RFP outlined a scope of services expected of its senior manager. In the following table, we detail BofA's
<br />value-added approach and how we've provided similar services on recent PCB transactions. Notably, we've
<br />helped prepare customized plans of finance based on our clients' unique savings and policy objectives. We
<br />provide some highlights of these various funding approaches below.
<br />BofA Senior -Managed POB Experience —Tailored Pension Funding Approaches
<br />Gty of Rivpmae City of AZUSa City of CI Cajon City of Downey
<br />5432 Million 2020 POBs 570 Million 2020 POBs 5147 Million 2021 POBs 5114 Million 2020 POBs
<br />Council 23 - 102 5/18/2021
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