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March 17, 2026
ITEM TITLE
Agreement: Approve an Agreement with Fieldman, Rolapp & Associates, Inc. to provide Municipal Advisory Services
Report Number: 26-0081
Location: No specific geographic location
Department: Finance/Development Services
G.C. § 84308 Regulations Apply: Yes
Environmental Notice : The activity is not a “Project” as defined under Section 15378 of the California Environmental Quality Act State Guidelines. Therefore, pursuant to State Guidelines Section 15060(c)(3) no environmental review is required.
Recommended Action
Adopt a resolution approving an agreement with Fieldman, Rolapp & Associates, Inc. to provide municipal advisory services.
SUMMARY
The Finance and Development Services Departments require municipal advisory services for various reasons (including, but not limited to, formations, of Community Facilities Districts and associated issuance of bonds for land-secured debt, refunding of the Chu la Vista Bayfront Facilities Financing Authority Revenue Bonds, and analysis of potential refunding opportunities). To procure these services, the City’s Finance and Development Services Departments solicited proposals in accordance with Chula Vista Munici pal Code Section 2.56.110. After an evaluation of the firms that submitted proposals, staff recommends approving a five-year agreement with Fieldman, Rolapp & Associates, Inc.
ENVIRONMENTAL REVIEW
The proposed activity has been reviewed for compliance with the California Environmental Quality Act (CEQA), and it has been determined that the activity is not a “Project” as defined under Section 15378 of the State CEQA Guidelines because it will not result in a physical change in the environment. Therefore, pursuant to Section 15060(c)(3) of the State CEQA Guidelines, the activity is not subject to CEQA.
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BOARD/COMMISSION/COMMITTEE RECOMMENDATION
Not applicable.
DISCUSSION
On February 21, 2025, the City issued Request for Proposal (RFP) No. P2 2-2025 to procure Municipal Advisory Services. The City received seven proposals by the submission deadline of March 12, 2025, from the following firms: Fieldman, Rolapp & Associates, Inc., KNN Public Finance, Kosmont Financial Services, Urban Futures, Inc., NHA Advisors, L LC, Harrell & Company Advisors, LLC, and Columbia Capital Management, LLC. The City’s selection committee invited the three highest -ranked firms to participate in presentations and interviews. The City’s selection committee members reviewed and discussed t he firms based on experience, personnel, qualifications, fee proposal, interview, and adherence to RFP guidelines.
After completing a comprehensive assessment, the selection committee recommends contracting with Fieldman, Rolapp & Associates, Inc.
The prop osed agreement with Fieldman, Rolapp & Associates, Inc. uses the City’s standard two -party agreement and is for as-needed municipal financing related services. The agreement provides compensation on a contingent fee basis for bond issuances and refundings, and compensation on a time and material basis for ad -hoc analysis services. For work performed on a time and material basis, the agreement requires advance approval by City staff of a statement of work before time is incurred. The required services under the agreement include items like coordinating and participating in all aspects of the bond issuance process, advising and assisting the City in its overall debt management, and provid ing advice and recommendations related to the issuance of bonds and proje ct-specific financing programs to maximize resources. The agreement is for a five -year term and is set at a not -to-exceed amount of $1,200,000. The majority of work anticipated to be completed under this contract will be paid with proceeds from the respect ive bond proceeds, which will come before City Council for approval.
Fieldman, Rolapp & Associates, Inc. ’s headquarters are in Irvine, California. The firm was founded in 1966 and has 60 years of experience providing municipal advisory services across California, including working with over 140 cities. The firm demonstrated a strong project team with local k nowledge, extensive experience providing similar services to other agencies and municipalities, and a proven track record of delivering high-quality work product s with attention to detail. Their qualifications and past performance indicate they are well suited to meet the City’s needs for municipal advisory services.
DECISION-MAKER CONFLICT
Staff has reviewed the decision contemplated by this action and has determined it is not site -specific and consequently, the real property holdings of the City Council members do not create a disqualifying real property-related financial conflict of interest under the Political Reform Act (Cal. Gov’t Code § 87100, et seq.).
Staff is not independently aware, and has not been informed by any City Council member, of any other fact that may constitute a basis for a decision-maker conflict of interest in this matter.
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CURRENT-YEAR FISCAL IMPACT
CFD formation and/or debt issuances would come back to City Council for approval, and any additional costs associated will be included with those future actions.
For services provided to the Development Services Department, related costs will be paid by developers or by bond proceeds.
For services provided to the Finance department , related costs for potential bond refundings or issuances will be paid by bond proceeds . Separately, sufficient funds were budgeted in the General Fund for ad-hoc analysis services.
ONGOING FISCAL IMPACT
CFD formation and/or debt issuances would come back to council for approval and any additional costs associated will be included with those future actions.
For services provided to the Development Services Department, related costs will be paid by developers or bond proceeds.
For services provided to t he Finance department, related costs for potential bond refundings or issuances will be paid by bond proceeds. Separately, ongoing costs for ad -hoc analysis services will be incorporated into the annual budget development process in future years.
ATTACHMENTS
1. Fieldman, Rolapp & Associates, Inc. Consultant Services Agreement Staff Contact: Sarah Schoen, Director of Finance/Treasurer Rebecca Bridgeford, Deputy Director of Development Services