Documents for RFQ #: 2026-09 - Financial Advisor Services?

Location:	Texas
Posted:	Jun 3, 2026
Due:	Jun 23, 2026
Agency:	Rio Grande City
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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CITY OF RIO GRANDE CITY

PUBLIC UTILITIES DEPARTMENT

REQUEST FOR QUALIFICAITONS (RFQ)

FINANCIAL ADVISOR SERVICES

RFQ #: 2026 - 09

Financial Advisor Services

Due Date: June 23, 2026

Time: 11:00 AM

Submit RFQ’s to:

City Secretary’s Office

5332 E. US Highway 83

Rio Grande City, Texas 78582

CITY OF RIO GRANDE CITY

PUBLIC UTILITIES DEPARTMENT

RFQ #: 2026-09 – FINANCIAL ADVISOR SERVICES

REQUEST FOR QUALIFICATIONS (RFQ) FOR FINANACIAL ADVISOR

SERVICES

The City of Rio Grande City (the “City”) is requesting the submission for qualifications statements,

from qualified financial advisory firms to provide financial advisory services associated with the

preparation, submission, administration, and implementation of a funding application through the

Texas Water Development Board (TWDB) Water Supply and Infrastructure Grants (WSIG)

Program for water system improvements.

Professional Services resulting from the selection of a service provider and the award of contracts

under this Request for Qualifications (RFQ) are expected to be funded in part or in full by the

Texas Water Development Board (TWDB) Water Supply and Infrastructure Grants (WSIG)

Program.

This RFQ is issued in accordance with Section 2254 of the Texas Government Code (Professional

Services Act) and 40 CFR, Section 33. This solicitation may result in multiple contracts, or multi-

year contracts for one or more of the services providers.

The City reserves the right to accept or reject any or all proposals for any reason it finds to be in

the best interest of the City.

1. INTRODUCTION:

The City seeks to procure qualified financial advisor services to assist with financial planning,

funding strategy, compliance, and financial coordination associated with the WSIG Program

administered by the Texas Water Development Board.

The selected financial advisor will assist the City during both the pre-award and post-award phases

of the project and coordinate with City staff, engineers, bond counsel, and TWDB representatives.

2. PROGRAM BACKGROUND:

The WSIG Program is a statewide funding opportunity intended to support water supply and

infrastructure improvements, including water system rehabilitation, replacement, expansion, and

related improvements for eligible political subdivisions in Texas.

Funding is available through the Texas Water Development Board for eligible water infrastructure

and water supply projects.

CITY OF RIO GRANDE CITY

PUBLIC UTILITIES DEPARTMENT

RFQ #: 2026-09 – FINANCIAL ADVISOR SERVICES

The City intends to pursue funding for eligible water infrastructure improvements consistent with

program requirements and the 2027 State Water Plan.

3. SCOPE OF SERVICES:

The selected bond counsel firm may be required to provide services including, but not limited to,

the following:

Pre-Award Services:

• Review WSIG Program financial requirements and application financial submittal criteria,

and advise the City on a compliant and competitive financial approach.

• Develop and recommend a preliminary financing strategy and schedule consistent with the

City’s objectives and the anticipated funding structure.

• Assist with assembling, preparing, and/or reviewing TWDB-required financial information

and schedules for the application, including historical financial data and projected financial

statements, as applicable.

• Prepare or support preparation of affordability and financial capacity metrics, including

rate/revenue impact and revenue sufficiency analyses, as applicable to TWDB evaluation.

• Coordinate with the City’s engineer(s) to align project cost estimates, phasing, and

schedules with the application’s sources-and-uses assumptions and cash flow timing.

• Participate in meetings/calls with City staff and TWDB (as requested) regarding financial

aspects of the application, and provide timely written input responsive to City/TWDB

questions.

• Assist with application revisions and responses to TWDB comments or requests for

additional financial clarification through submission and initial TWDB review.

Post-Award Services:

If funding is awarded, the selected firm may provide services including:

• Review award financial terms and conditions and advise the City on implementation

steps, compliance requirements, and financial documentation needed to proceed.

• Support financing execution and funding/closing readiness (if applicable), including

coordination with bond counsel and the City on financial schedules, timing, and TWDB

financial submission requirements.

• Develop and maintain a project cash flow and draw/reimbursement plan aligned with

construction phasing, procurement milestones, and TWDB disbursement procedures.

• Assist the City in budget-to-actual tracking and forecasting, including analysis of

variances, anticipated cash needs, and impacts from bid results, change orders, and

schedule changes.

• Support preparation and/or review of TWDB-required financial reports, monitoring

responses, and audit support documentation related to project funding and disbursements,

as applicable.

CITY OF RIO GRANDE CITY

PUBLIC UTILITIES DEPARTMENT

RFQ #: 2026-09 – FINANCIAL ADVISOR SERVICES

• Coordinate routinely with the City, engineer(s), grant administrator (if any), and bond

counsel to ensure financial assumptions remain consistent with project scope, schedule,

and compliance requirements.

• Support financial closeout, including reconciliation of sources and uses, final

disbursement planning, and completion of funding-related financial requirements through

TWDB acceptance/closeout.

4. GUIDELINES FOR CONTENT OF QUALIFICATIONS STATEMENTS:

DO NOT INCLUDE COST OR CONTRACT INFORMATION with the qualification statements.

Responses that include cost or pricing information will be rejected and will not be considered by

the City.

The qualifications statement is limited to 40 pages excluding the cover, table of contents, resumes,

and back cover.

Name of firm, firm profile, location of where the majority of City’s work will be performed, and

the location of the primary contract with the firm.

Resumes including the education and qualifications of the primary contact and other key members

of the firm which may be assigned work under the City agreement.

Experience of the form reflecting technical capabilities, project experience and funding experience

in conjunction with governmental improvement projects including experience with the TWDB

Bond Program and placement of debt instruments with the TWDB.

The name, organization and phone number of three governmental clients who may be contacted

for reference.

5. MINIMUM QUALIFICATIONS AND SELECTION CRITERIA:

The City will evaluate the proposals to determine which firm has the best qualifications based on

the following selection criteria as applicable to each service described above:

The competence to perform the services as reflected by education, general experience, and specific

experience in providing the services outlined herein.

The ability to perform the services and the availability of adequate personnel to complete services

in a timely manner when requested including past experience with the City or the TWDB.

Past projects completed on a satisfactory manner, on time and within budget with a work product

that is of a consistently high quality.

Respondent’s plan to subcontract with a firm or firms that are small, minority or woman-owned

businesses.

CITY OF RIO GRANDE CITY

PUBLIC UTILITIES DEPARTMENT

RFQ #: 2026-09 – FINANCIAL ADVISOR SERVICES

6. INQUIRES AND RESTRICTIONS:

Questions or additional information to clarify the intent of this RFQ, must be submitted in writing

no later than 3:00 PM on June 18, 2026 to the Finance Director – Mr. Leonel Cantu at

lcantu@cityofrgc.com. The Selection Team will collect these questions and respond in writing.

Oral explanations or instructions will not be binding.

Respondents or their representatives are prohibited from communicating with City council

members and employees regarding this RFQ from the time the RFQ is released until the contract

is awarded.

This prohibition on contact includes “thank you” letters, phone calls, emails, and any contact that

results in the direct or indirect discussions of the RFQ submitted by respondents.

Violation of this provision by the Respondent and/or their agent may lead to disqualification of

the Respondent’s proposal from consideration.

7. SUBMITTAL DEADLINE:

Please submit one (1) original, five (5) copies, and one (1) USB device with a PDF digital file

of the statement of qualification to:

City of Rio Grande City

Attn: Lynette Montemayor, City Secretary

5332 E. US Highway 83

Rio Grande City, Texas 78582.

The submittal deadline for the qualification proposals is 11:00 AM on June 23, 2026. Any

proposals received after this time and date will be rejected and will not be considered by the

City.

8. CONTRACT TERMS AND NEGOTIATION SCHEDULE:

The consultant(s) for Financial Advisor services are expected to negotiate their agreements for

services which are acceptable to the City immediately after the qualified Respondent(s) in

selected.

The contracts resulting from this RFQ shall be on an ongoing basis terminable at any time by either

party with written notice. If an acceptable contract cannot be negotiated, the City may formally

end negotiations and begin negotiating with the next most qualified person or firm.

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

Documents for RFQ #: 2026-09 - Financial Advisor Services? - TWDB

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