DSI Civic was created to assist governments through times of fiscal challenge by offering financial advisory services, capital market strategies, analysis of public-private partnerships and restructuring services. In addition, on those rare occasions when a municipality faces the prospect of disincorporation, or a local governmental unit is accused of malfeasance or abuse, DSI Civic is prepared and equipped to act as a fiduciary to assist the municipality, school district, water district or other entity fill any roles vacated or created as the result of these unfortunate circumstances.
DSI Civic stands ready to serve in a temporary capacity to fulfill the needs of the locality and ensure the continued services and operations of the municipality or special purpose government. During this time, DSI Civic will work closely with the municipal, county, state and/or federal authorities while corrective measures are developed and implemented. In this role, DSI Civic can serve as a financial advisor, court monitor, Receiver, Special Master, Examiner and/or Emergency Finance Manager. DSI Civic members would perform the services required by legislation, court order or as established through the scope of the appointment. While members of DSI Civic have significant governing experience, we recognize that our role is to augment the people and systems already in place.
DSI Civic and its principals have served as fiduciaries and receivers in numerous civic cases and have overseen government operations and financial agencies, as well as private corporations.
Some of the public sector roles or positions we have been asked to fulfill include:
- Replacement Manager, appointed by the Ohio Attorney General and the State of Ohio Bureau of Workers’ Compensation to wind down Capital Coin Fund I and Capital Coin Fund II and to recover over $50 million invested in those coin funds on behalf of the Ohio Bureau of Workers’ Compensation.
- Trustee of the Ebbers Asset Trust, installed by the Comptroller of the State of New York and MCI/Verizon to wind down and dispose of all of Bernie Ebbers’ personal holdings, assets which had a gross value in excess of $1 billion.
- Consultant to the San Francisco City Attorney’s Office, tasked with evaluating the city’s claim against Pacific Gas & Electric for damages associated with a major power blackout.