Laserfiche WebLink
STIFEL <br />Our Involvement with Redevelopment Goes Beyond Bond Sales. Beyond our work in financing <br />redevelopment, we worked over the years to support our public agency clients in this area as long -time <br />supporter of the California Redevelopment Association. At the CRA's request, we analyzed <br />alternatives to backstop their negotiations with the Governor's Office in 2011 in an effort to head off <br />the Redevelopment Dissolution Act. We worked with the League of Cities in early 2012 as a part of <br />their team meeting with the Department of Finance in an effort to delay the implementation of the <br />State Supreme Court's ruling. Our lead banker proffered language to the DOF that allowed for the <br />refunding of redevelopment bonds, which was included in AB 1484. Since then, we have coordinated <br />meetings with DOF staff and major institutional investors in an effort to resolve residual Dissolution <br />Act issues and have proposed legislative language to resolve the tax increment cap problem, Of <br />interest to the Agency, through the California Public Securities Association, our lead banker went on <br />record supporting the effort to allow for the use of 2011 bond proceeds by successor agencies. Our <br />commitment to clients goes beyond selling their bonds. We have worked for years to support their <br />policy objectives and the organizations representing California local government. <br />Stifel has earned a reputation for honest, thoughtful, energetic service to our clients. We are pleased to <br />present our qualifications and look forward to earning this business. <br />S incerely, <br />r - � . <br />James Cervantes <br />Managing Director <br />Raul Amezeu t <br />Managing Director <br />3 -136 <br />