Trustee Services 2026 Certificates of Participation Issuance

Location:	Wyoming
Posted:	Jun 17, 2026
Due:	Jul 6, 2026
Agency:	City of Casper
Type of Government:	State & Local
Category:	R - Professional, Administrative and Management Support Services
Publication URL:	To access bid details, please log in.

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REQUEST FOR QUOTE

for

TRUSTEE

CITY OF CASPER, WYOMING

June 17, 2026

Overview

The City of Casper, Wyoming (the “City”) is seeking fee quotes from financial institutions to

provide trustee services regarding the anticipated issuance of Certificates of Participation, Series

2026 (the “2026 COPs”). Proceeds of the 2026 COPs will be used to finance a project fund of

approximately $15 million to finance the renovation of an office building previously purchased by

the City to serve as the City’s new Police Headquarters. The City has purchased the facility and

completed prior phases of construction with available City cash and expects to finance the last

portion of project costs to fund the final renovation of the building.

The 2026 COPs will be paid from base rental payments to be made by the City to the Trustee

pursuant to the terms of a lease of real property. The payment of base rentals will be subject to

annual budgetary appropriation by the City.

The City reserves the right to reject all responses, to negotiate with any prospective firm, and to

terminate the proposed financing at any time. If the 2026 COPs are not delivered for any reason,

the proposing firms will have no recourse against the City, its financial advisor, or any of their

affiliates, agents or representatives for any expenses, losses, damages, or liability incurred.

Anticipated Legal Structure of the Transaction

The City currently anticipates using a portion of the facility as the leased property for the 2026

COPs (“2026 Leased Property”). The City has hired Hathaway & Kunz to serve as Bond Counsel

for the 2026 COPs; they will be assisting the City along with the finance team to determine the

number of floors or portion of the Police Headquarters Facility that will be serving as the final 2026

Leased Property. The 2026 Leased Property will be leased by the City to the Trustee pursuant to a

Site Lease. The City will lease the Leased Property back from the Trustee under the terms of an

annually renewable Lease Purchase Agreement. Subject to annual appropriation, the City will make

annual Base Rental Payments to the Trustee under the terms of the Lease Agreement. The Trustee

will repay the 2026 COPs from the Base Rentals received from the City under the Lease Agreement.

The Site Lease will terminate upon the earlier of the full payment of the Lease Agreement, or upon

its expiration.

The Trustee will be acting solely in its capacity as trustee under an Indenture of Trust pursuant to

which the 2026 COPs will be executed and delivered. The Underwriter will purchase the 2026

COPs from the Trustee, and the Trustee will use the proceeds to prepay all rentals due to the City

under the Site Lease. The City will apply the funds received as prepaid rentals from the Trustee to

the eligible Project.

Neither the 2026 COPs nor the Lease Agreement will be a long-term debt or multiple fiscal year

obligation of the City for State law purposes. The Lease Agreement is renewable from fiscal year

to fiscal year by the act of appropriation of the rentals due under the Lease Agreement. The City’s

obligation to make payments under the Lease Agreement will not extend beyond any fiscal year

for which an appropriation has been made. Annually appropriated lease payments may be paid from

any available revenues of the City.

It is anticipated that the 2026 COPs will be issued via public offering in a negotiated sale with Piper

Sandler as the underwriter. The repayment term will likely be between 15 and 20 years; the City is

still working on finalizing the repayment term which will be definitively determined prior to

pricing.

City of Casper, Wyoming

Casper is physically situated in the center of Wyoming with a population of 59,038. Wyoming’s

only other metropolitan area is Cheyenne, the state capital. Cheyenne is slightly larger than Casper

with a population of 65,132.

Heading south on Interstate 25 Casper is connected to Cheyenne and Denver (175 miles and 275

miles, respectively). Heading north on I-25 connects Casper to Billings (278 miles). Casper also

has direct air service to Denver via the Casper-Natrona County International Airport.

Casper is located in a prairie environment at the base of Casper Mountain. The North Platte River

runs through the entirety of the city. Three smaller towns – Mills, Evansville, and Bar Nunn – are

immediately adjacent to the City; those towns have a combined population of just over 10,000

people.

Additional information about the City may be found on the City’s website at: Casper, WY.

Additional Information

Hilltop Securities Inc. is serving as the City’s Municipal Advisor. Piper Sandler is serving as the

City’s Underwriter. Hathaway & Kunz is serving as the City’s Bond Counsel.

Submission of Proposals

Please limit your overall response to the items listed below to a maximum of 3 pages. The City

encourages each respondent to provide full and complete information to the extent that it may

directly apply to the proposed transaction, but encourages each respondent avoid the use of

repetitious or boilerplate language. Please submit your proposal via e-mail no later than 3:00

pm MT on July 6, 2026 to:

Jill Johnson

City of Casper

Mattie Prodanovic Hilltop Securities Inc.

jjohnson@casperwy.gov

Mattie.Prodanovic@hilltopsecurities.com

Tentative Schedule of Events

June 17, 2026

July 6

July 8

October 20

October 29

Distribution of Request for Quotes

Proposals delivered to the City

Firm Selected

Projected sale of COPs

Projected closing of COPs

Any information requests, questions about the selection process or questions about the financing

should e-mailed to the City’s Municipal Advisor (contact information provided above).

REQUIRED RESPONSE ITEMS – 3 Pages Maximum

Please provide responses to these items in the general sequence presented. Responses may be

combined to economize on space or to improve clarity. The City discourages the use of boilerplate

language and exhibits and encourages each proposing firm to prioritize its responses within the

stated page limitation according to its sense of the relative importance of the information.

1. Please provide a brief overview of your firm and identify the personnel assigned to this

transaction.

2. Please provide your proposed fee structure for the 2026 COPs. Included in this response

please include the following.

a. Delineate in your fee the amounts that will be reoccurring on an annual basis versus

those that are due upon closing of the 2026 COPs;

b. Clearly include if you will charge an additional fee to manage the cost of issuance

fund for the 2026 COPs from which payment to vendors will be distributed; and

c. Describe any fees charged to the City for investment of amounts in the Project

Fund if that account is held by the Trustee.

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

Description	Opening Date/Time	Closing Date/Time
Trustee Services 2026 Certificates of Participation Issuance Request for Quote	June 17, 2026 8:00 AM	July 06, 2026 3:00 PM

Trustee Services 2026 Certificates of Participation Issuance

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