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Council hires PFM for bond‑advisory services as city prepares to issue bonds
Summary
Sterling Heights contracted PFM Financial Advisors for municipal bond‑advisory work on a multi-year basis; the contract carries no retainer and PFM will be paid fees tied to bond transactions when the city issues debt.
Sterling Heights City Council on May 6 approved an agreement with PFM Financial Advisors (Ann Arbor) to provide bond‑advisory services for the city from May 7, 2025 through Dec. 31, 2029, with a manager‑authorized option to extend for an additional three years.
Finance Director Jennifer Varney explained the city uses two professional services when issuing bonds: bond counsel (legal) and…
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