NBS is known as the premier provider for the ongoing administration of all types of Special Financing Districts including Special Assessments and Special Taxes. NBS staff is knowledgeable in the complexity of issues that inevitably arise with these districts, and can offer both well-tested and creative solutions to any challenges. Backed by the best administrative software, D-FAST®, NBS provides efficiency and accuracy to local governments.

NBS provides full turn-key operations to more limited services depending on the needs and desires of the local government agency. The ultimate goal is to support the staff and make the agency look good for its constituents.

Comprehensive Annual Management of Special Financing Districts ("SFD's") includes parcel and funds tracking, calculating of taxes and assessments, public interaction via phone, email and post, annual reporting, governing body presentations, and a wealth of complementary services mentioned below.

NBS staff are the most experienced in this field. NBS is the premier firm for these types of services, and acts either in a "turn key" mode or as needed by the agency.

1913/1915 Act type Assessment Districts require by law the proper Apportionment of a lien when a property subdivision occurs.

NBS provides comprehensive Apportionment Services, including providing applications, mapping and diagramming, reporting, lien recordations, etc. NBS works in both the Application and Hearing Method modes.

For most tax-exempt bonds, Arbitrage Rebate services are needed to ensure that an agency is operating in accordance with IRS regulations.

NBS offers such Arbitrage Rebate Compliance services through the leading firm of Bond Logistix LLC, a subsidiary of the law firm of Orrick Herrington. Bond Logistix is the largest provider of arbitrage compliance services in the country, having prepared more than 10,000 arbitrage analyses. Bond Logistix currently has more than 1,200 state and local governmental clients, including many of the largest and most sophisticated issuers in the country. Each report is accompanied by an Orrick Herrington legal opinion.

This service includes the calculation and confirmation of funds available for a Bond Call, selection of the appropriate bond maturities, coordination with the trustee, fiscal and paying agents, and updating of debt service schedules.

To ensure that bonded districts are efficiently managed, NBS provides Bond Call services to many of its clients.

This service includes supporting the agency in developing a Bond Tender policy, acting as the primary contact for the property owner and interested parties, coordinating the Letters of Intent and facilitating the actual bond tender.

NBS is on the cutting edge of creating workable Bond Tender Programs for local government agencies, and has assisted in many challenging situations.

Large projects funded by a bond or other type of financing may require an independent verification of the improvements and commensurate payments. Depending on the type of agreements put in place, this may require on-site verification, analysis of the reimbursements, and payment requests to the fiscal agent or trustee.

The engineers and financial analysts at NBS work closely to develop a program that is unique to each situation.

Due to Federal requirements ("Rule 15c2-12"), newly issued bonds require Continuing Annual Disclosure of certain data and information. A Disclosure Certificate is part of the bonding process and this document proscribes the exact information and timing of the dissemination.

NBS provides analysis, preparation and dissemination of all types of Disclosure Reports.

A Cost Allocation Plan is designed to compute the costs that city Central Services Departments provide support to the city Operating Departments that Directoryserve the public.

The allocation of the costs is based on a selected methodology that best represent the way that department supports the operating departments.

NBS works closely with their clients to ensure that these plans will enhance the efforts of the City to account for the true cost of providing various services within the City and to set the maximum, legally permitted, level of fees for Services.

With the various types of Special Financing Districts, it is important to ensure that all costs associated with such Districts are charged back to them and recovered in the annual levy process.

NBS works closely with their clients to ensure that these costs are correctly reviewed and then spread to the individual parcels in accordance with established procedures and the relevant legal statutes.

Managing Special Assessment and Special Tax delinquencies takes time and attention to detail. Payments on the charges must be monitored, and then any delinquencies require tracking, calculations of penalties and interest, correspondence and follow up.

NBS proactively develops Delinquency Management programs that fit each Agency's needs and requirements.

Special Financing Districts typically have a number of funds that have to be monitored and analyzed for proper administration of the District.

NBS independently reviews and analyzes such funds and makes recommendations as to the resolution of any issues.

Many Special Taxes and Special Assessments have provisions for Prepayment of all or a portion of the obligation. These Prepayments may be based on amortization of a lien or a special tax formula. Once a Prepayment is made, the lien must be removed from the parcel.

NBS is very knowledgeable in the rules and practices of amortizations and prepayment formulae, and has been involved with many complexities thereof.

The actual production of the Tax Roll typically involves calculation of a charge by parcel, and then configuring the data in the manner and format required by the actual Tax Collection agency.

NBS is an expert in facilitating the process of preparing the Tax Rolls for numerous Agencies, and is the premier firm in this area and overall Annual Administration of Special Financing Districts.

NBS continues to leverage technology to develop tools to make the tasks of special financing district administration easier, with improved outcomes. Our latest development, D-FAST Online, is a simple web-based tool that you can use to access your special financing district parcel data while NBS continues to act as your administrator. D-FAST is our data management resource and NBS' proprietary tool used to effectively administer your districts.

D-FAST Online provides real-time access to the current data for your districts so that you can:

•  Instantly search for property by parcel number, owner, address and other characteristics

•  Review District debt service schedules and bond call information

•  Print payoff quotes, amortization schedules and transaction histories

In addition, D-FAST offers a number of web access options and data file formats for GIS systems.

For a demonstration or questions regarding DFAST Online, please send an email to DFAST@nbsgov.com or contact us at (800) 676-7516.

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