The City is seeking to select one or more bond trustees (the “Bond Trustee(s)”). In the vast majority of financings, the bonds issued by the Entities are issued on a conduit basis for third-party borrowers. In addition, the CIty is seeking to select a trustee for the administration of payments-in-lieu of real property taxes as such payments are required by the Trustee. Selection of the Bond Trustee(s) and the PILOT Trustee will be made through a request-for-proposals process.