Bond Underwriter Services

Location:	Missouri
Posted:	Jun 23, 2026
Due:	Jul 20, 2026
Agency:	Kirkwood School District
Type of Government:	State & Local
Category:	Q - Medical Services U - Education and Training Services
Publication URL:	To access bid details, please log in.

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RFQ

NOTICE

Kirkwood School District

Request for Qualifications

Bond Underwriter Services

Issue Date: June, 2026

RETURN RESPONSE NO LATER THAN:

Monday, July 20, 2026 @ 12:00 PM, CDT

RETURN RESPONSE AND ADDENDA TO:

Kirkwood School District

ATTN: Mr. Scott Cook

Assistant Superintendent of Finance and Operations

1099 Milwaukee Street, Suite 260

Kirkwood, MO 63122

TABLE OF CONTENTS

Certification Form

Part I: Introduction and Process

1) Purpose

2) District Overview and Debt Information

3) Scope of Services

4) Timeline for Process

5) Selection Criteria

6) Review Process

Part II: Instructions to Respondents

Qualifications

Submitting a Response

Felony Conviction Notification

Federal Work Authorization Program

(E-Verify) Addendum

Federal work Authorization Program

Affidavit

Part III: General Conditions-Responses and

Subsequent Contracts

Page 1

School District Request for

Qualifications Bond Underwriter

Services

CERTIFICATION FORM

The Kirkwood School District will accept separate sealed proposals for the services of a Bond

Underwriter as described in the attached request. Qualified organizations (Respondents) are

required to submit four (4) physical copies, and one (1) digital copy of a proposal as described

herein.

PROPOSALS SHALL BE LABELED AND ADDRESSED AS FOLLOWS:

SEALED PROPOSAL-BOND UNDERWRITER

Kirkwood School District

ATTN: Mr. Scott Cook

Assistant Superintendent of Finance and Operations

1099 Milwaukee Street, Suite 260

Kirkwood, MO 63122

PROPOSALS MUST BE RECEIVED BY:

Monday, July 20, 2026 @ 12:00 PM, CDT

The Respondent hereby declares understanding, agreement and certification of compliance to

provide the items and/or services, in accordance with all terms and conditions, requirements and

specifications of the original Request for Qualifications (RFQ) and as modified by any addenda

thereto. Respondent is required to complete, sign and return this form with the proposal.

SIGNATURE REQUIRED

Authorized Signature

Date

Printed Name

Title

Company Name

Mailing Address

City, State, Zip

Mobile Phone #:

E-Mail Address

Page 2

PART I: INTRODUCTION AND PROCESS

1. PURPOSE

The Kirkwood School District (District) is soliciting proposals for a partner in performing Bond

Underwriting Services. Specifications, terms, and conditions are included within this document.

Upon an award, a contract for three (3) years will be issued and the District may choose to renew

the agreement based upon satisfactory performance. Services will include but not be limited to

structuring and planning, market analysis and pricing, documentation and compliance, investor

relations and marketing, market conditions and timing, capital commitment and bond sale, and post

issuance support. Companies interested in performing Bond Underwriter services for the District

are invited to submit proposals. The timeline supports a recommendation to the Board of Education

on August 11, 2026.

2. DISTRICT OVERVIEW AND DEBT INFORMATION

The Kirkwood School District is an award-winning district with a bond rating of AA+ by Moody’s

Investor Services. The Kirkwood School District, one of the oldest in St. Louis County, serves students

in Kirkwood, Des Peres, Glendale, Warson Woods, Frontenac, Huntleigh, Town and Country, Oakland,

and a small part of Sunset Hills, Missouri. The District consists of 9 student campuses (Kirkwood High

School, 2 Middle Schools, 5 Elementary Schools, and an Early Childhood Center).

After a period of enrollment growth between 2014 and 2023, the District has transitioned into a period

of contraction, experiencing a 4.49% decline over the last three years to a current level of 5,612. This

trend is expected to continue into the 2026-27 school year, with a projected decrease of 283 students

bringing total enrollment to 5,329.

However, the District continues to experience local Assessed Valuation Growth as seen in the table

below:

Page 3

The current outstanding general obligation debt of the District is $51,700,500 and is serviced by a $0.27

debt service levy. The amortization schedule is included below:

Due to growth in Assessed Valuation, the District has the opportunity to evaluate the status of its debt

service levy and is seeking a partner to serve as a consultant to determine the best path forward, as well

as planning for and managing a bond issue in the near future.

3. SCOPE OF SERVICES

The selected firm will provide the following services to the District including, but not limited to:

Structuring and Planning:

A. Propose structuring alternatives and innovations that minimize the cost of capital while

maintaining future financing flexibility.

B. Prepare detailed schedules based on alternative structures to provide the District with

various financing options.

C. Adhere to the District’s financing schedules and calendar of events to ensure timely

execution of all tasks.

Page 4

Market Analysis and Pricing:

D. Prepare pricing memos, discuss current marketing conditions, compile market

comparables, and prepare preliminary pricing scales.

E. If applicable, establish syndicate rules, syndicate price views, and marketing

compensation strategies.

F. Provide supporting documentation to the District regarding the reasonableness of rates

and comparable issues in the market concurrent with the Bonds.

Documentation and Compliance:

G. Assist in the drafting and review of all relevant documents required for the bond issuance

process.

H. Ensure all documentation complies with federal, state, and local laws and regulations.

Investor Relations and Marketing:

I. Identify the market and potential investors most likely to purchase the securities at rates

most favorable to the District.

J. Lead the marketing and distribution efforts to ensure broad and effective dissemination of

the bonds.

K. Conduct bond sale conference calls to engage with potential investors and stakeholders.

Market Conditions and Timing:

L. Continuously assess market conditions and investor demand to determine their impact on

the economics and optimal timing of the District’s financing.

M. Provide regular updates and recommendations to the District on the best times to enter

the market.

Capital Commitment and Bond Sale:

N. Commit capital as necessary to maintain the lowest possible interest rates for the District.

O. Execute a bond purchase agreement ensuring all terms are favorable and in the best

interest of the District.

P. Conduct all activities related to the marketing and underwriting of the bonds, performing

functions customary to the position of senior managing underwriter.

Q. Capital Commitment (if necessary): Strategically commit capital to stabilize pricing and

ensure the lowest possible interest rates for the District.

Post-Issuance Support:

R. Provide a post-pricing analysis, including details on pricing, orders, allotments, and

designations.

S. Assist in the coordination of services provided by other agents in the sale process.

T. Support the District in the closing and settlement process, ensuring all steps are

completed accurately and efficiently.

U. Offer any additional assistance necessary to complete the transaction and ensure ongoing

compliance and reporting.

Additional Services:

V. Contribute opinions and expertise on general transaction structure and credit-related

matters.

W. Assist the District in any other steps necessary to complete the transaction, providing

continuous support and expert advice throughout the bond issuance process.

Page 5

This is the opportunity summary page. It provides an overview of this opportunity and a preview of the attached documentation.

Bond Underwriter Services

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