Bendzinski & Co. Municipal Finance Advisors was established on July 1, 1976 to provide independent, professional financial advisory and consultation services to public agencies such as authorities, cities, counties, school districts, townships and villages.
Since then, Bendzinski & Co. has provided their expertise to over 450 different clients in the development, marketing, sale and delivery of bond and note issues, financing capital improvements and other financial needs. During that period we have marketed, on behalf of our clients, over $7 billion in bonds and notes.
Our professional staff has advised a wide range and variety of clients from the major metropolitan clients, such as the Counties of Jackson, Washtenaw and Macomb, to the very small, such as the Villages of Muir and Augusta, and the Township of Rives, with the same professional and expert advice. Our standard of quality and service remains the same for all clients regardless of their size or the amount of their bond or note issue.
Our staff, while highly professional and efficient, also offers personalized service in a highly technical and often confusing field. The staff has been, and continues to be, available to meet with clients, professionals and citizens to explain the bonding process that is the most acceptable and advantageous method in terms that are easily understandable. Our staff has also met with legislative bodies such as Councils, Boards and Commissions as well as associations, groups and organizations to explain the financing of municipal improvements at a local level, and the alternatives available.We are also a Charter Member of the National Association of Municipal Advisors ("NAMA"), which was established in 1989 to promulgate the interests of and protection of bond issuers. We are the only firm in the State of Michigan which has Certified Independent Public Municipal Advisors ("CIPMA") on staff.
Bendzinski & Co. Municipal Finance Advisors is Michigan's leading provider of independent, professional financial advisory and consultation services to public agencies such as authorities, cities, counties, drainage districts, school districts, townships and villages.
In the constantly changing field of finance, particularly municipal finance, Bendzinski & Co. have been leaders in the development of official statement presentation in accordance with the Government Finance Officers Association "disclosure guidelines". We have been innovators in both official statement presentation, as well as methods of financing.
We were the first firm to successfully market limited tax bonds for Special Assessment, Building Authority, General Obligation and Contract bonds after the effective date of Headlee Amendment. In 1982, after consultation with numerous bond underwriters and ultimate purchasers, we were the first firm to offer municipal bonds for sale on a regular basis with a discount bid approach as a bidding option. While this approach had been available it was seldom used, and since 1982 it has resulted in substantial savings in interest costs to our clients. In addition, the discount bid approach has also saved our clients, who have found that the purchase of bond insurance has been advantageous, several dollars in insurance premiums. In 1994 we were the first firm to successfully market Limited Tax School Building Bonds after the effective date of Proposal A. Bendzinski & Co. continues to consult with underwriters and bond counsel and the Securities and Exchange Commission on how to meet the requirements of 15c2-12 as it relates to continuing disclosure.