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City of Santa Ana Proposal for Financial Advisory and Dissemination Agent Services August 8, 2025 APPROACH TO MUNICIPAL ADVISORY SERVICES Our team is well-versed in all phases of the debt issuance process, from structuring and credit analysis to pricing, disclosure,and post-sale reporting.Across all engagements,UFI works closely with staff,legal counsel,underwriters, and other financing team members to ensure transactions are efficiently managed and tailored to meet each agency's policy goals and market conditions. Each financing undertaken by UFI begins with proper planning and extensive due diligence and ends with ongoing monitoring and administration. We are able to tailor our approach to fit the City's needs on each and every engagement. The scope of municipal advisory services we offer on transactions is built on three core phases, as summarized below. 2. Assemble the 1. Preliminary Analysis/ Finance Team and 3. Pricing and Closing Recommendation Manage the Financing Execution Process Activity 1: Preliminary Analysis/Recommendation In order to formulate effective and pragmatic recommendations, UFI takes the time to perform extensive due diligence,research,and preliminary analyses in order to understand the goals and priorities of our clients,as well as the economic and political challenges and opportunities our clients face in achieving those goals. Activity 1 involves a complete assessment of the client's needs and financial constraints. Where appropriate and requested by the client,this preliminary work may include preparation of a detailed finance plan for the capital project(s)involved in the financing(see below for details). During this period, UFI staff performs the following tasks: • Schedule meetings or calls with staff to request all necessary data and discuss the needs and goals of the City. • Undertake a funding analysis for the identified capital project(s)and prepare a finance plan. • Identify and assist with strategies to mitigate risks of large public facilities projects. • Analyze existing outstanding debt to determine parity test requirements, feasibility of refunding certain outstanding series of Bonds,and debt affordability. • Review pension liabilities and existing policies. • Assist with comprehensive credit analysis to determine the anticipated rating, preferred structure, and interest rate scale for the Bonds. • Prepare a summary of cost of issuance • Independently structure the financing and present results to the City. Activity 2:Assemble the Finance Team and Manage the Financing Process After an evaluation of financing options/alternatives, should it be determined that financing targets will be met through a bond issuance, UFI will begin work on the financing schedule and the implementation of the agreed upon financing strategy. UFI's scope of work during Activity 2 includes,but is not limited to,the following tasks: • Assist in the selection of additional service providers, including, but not limited to, underwriter, bond counsel, disclosure counsel,appraiser,or trustee. • Call,arrange,and lead working group meetings as appropriate. • Develop the financing timetable. • Monitor financing process and coordinate all activities of the financing team. • Review all legal and financing documents on behalf of the City. • Provide support to the City relating to financing documents, including preparation of staff reports and presentations. • Compute Sizing and Structure of Debt issue and verify cash flows from underwriters. • Plan and Coordinate Presentations to Ratings Agencies • Monitor market conditions to advise on timing of bond offering. Cj lJFI 11