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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" and was the first firm to provide, as part of an official statement, the cold comfort letter. 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.
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