Nassau Bay council appoints Specialized Public Finance as municipal financial adviser

The Nassau Bay City Council on March 16 unanimously approved the selection and appointment of Specialized Public Finance, Inc., to serve as the city's municipal financial adviser and authorized the interim city manager to negotiate and execute the engagement agreement.

Council staff said the appointment followed a review of responses to the city's request for qualifications and recommended the firm for its municipal finance experience and continuity with the city's bond counsel, Jackson Walker. Jaime, speaking for staff, introduced Victor Quiroga, managing director for Specialized Public Finance, who gave a brief overview of the firm and its role advising cities on debt planning and bond programs.

Quiroga told the council the firm acts as a fiduciary adviser (not a lender or underwriter), has 16 staff, and represents a range of Texas municipal clients. He said Specialized Public Finance assists with long-term capital planning and negotiating financing terms, and that the firm would support Nassau Bay on upcoming financings including EDC and bond-related matters.

Council member waterwall moved to approve the appointment and authorize the interim city manager to finalize agreements; the motion was seconded and passed by voice vote 6–0. The mayor thanked staff for the RFQ work and welcomed the firm. Victor Quiroga remained after the meeting to answer follow-up questions from staff.

Next steps include execution of engagement documents and initiation of advisory work on the city’s upcoming financings.