Township of North Bergen
4233 Kennedy Boulevard
North Bergen, NJ 07047
201-392-2027
Request For Proposals
FINANCIAL ADVISOR
RFP #NB2011-20
Sealed Proposals must be delivered to the address stated above, prior to the time and date listed as the public opening. The RFP # and Attn: Robert J. Pittfield must be clearly written on the outside of the envelope.
Scope of Services:
Services shall include, but not limited to: the preparation and selling of Municipal debt instruments such as Municipal Bonds, Refunding Bonds, Bonds Anticipation Notes, and other Notes; assistance in the preparation of and review of the Township’s Official Statement; conducting and providing the necessary calculations for Bonds and Notes sales; providing assistance to and interacting with Bond Counsel with regard to all relevant past, present and future Township of North Bergen Bonds and Notes issues, and all required financial matters; assist Township personnel during Bonds and Notes rating processes; representation at any required Local Finance Board Meetings; assistance in the production of applications to the Local Finance Board; assistance in obtaining Bond Insurance; providing financial analyses when required by the Township and with regard to the timing of Bond Refundings, Notes sales, and the permanent financing of temporary debt; and advising the Township with regard to legislation affecting Municipal Finance Matters.
Proposals will be evaluated by the Township of North Bergen on the basis of the most advantageous, price and other factors considered. The evaluation will consider:
a. Licensure, experience and reputation in the field;
b. Ability to address, complete and facilitate all items stated in the above scope of services;
c. Experience and knowledge of the workings of and trading in the Municipal Bond Market;
d. Experience in dealing with the N.J. State Agencies, Bond Rating Companies, Bond Insurance Companies, and bidders of Municipal Debt Instruments;
e. Experience in conducting Bonds and Notes sales, and demonstration of expertise with all forms, rules and calculations necessary to facilitate such sales;
f. Knowledge of the Qualified Bond Act, and State of New Jersey Budget and Fiscal Statutes;
g. Knowledge of the Township of North Bergen and the subject matter to be addressed under the contract;
h. Availability to accommodate any required meetings of the Township;
i. Compensation proposal;
j. Other factors to be demonstrated to be in the best interest of the Township of North Bergen.
This contract will be awarded for 2 years, beginning November 1, 2011 and ending October 31, 2013. The Township of North Bergen reserves the right to reject any and or all responses.
Please include a copy of your NJ Business Registration Certificate and documentation of required Affirmative Action. Required affirmative action documentation includes one of the following:
1) A letter from the U.S. Department of Labor that the contractor has an existing federally approved or sanctioned Affirmative Action Program.
OR
2) A Certificate of Employee Information Report Approval.
OR
3) An Affirmative Action Employee Information Report (Form AA302).
The public opening will be held in the Municipal Chambers of the Township of North Bergen located at 4233 Kennedy Boulevard, North Bergen, NJ, on Thursday, October 20, 2011 at 10:00am.
It should be noted that according to N.J.S.A. 40A:11-23 municipalities are prohibited from receiving proposals and/or responses on Mondays or any day directly following a state or federal holiday.
RFP # NB2011-20
Robert J. Pittfield
Chief Financial Officer