Trustee, Registrar and Paying Agent Services
- Client
- Kentucky
- RFP Number
- BANKING-9437
- Posted
- 10/2/2026
- Category
- Banking Services
- Budget
- Looking for Proposals
- NAICS
- —
- Set-aside
- —
- Contact
- —
Description
AI GeneratedThe Lexington-Fayette Urban County Airport Board solicits proposals for trustee, registrar, and paying agent services in connection with its outstanding taxable and tax-exempt bonds and future debt issuances. The selected vendor must maintain the trust estate pursuant to the indenture, perform offsite administration, manage required funds and accounts, make interest and principal payments, manage investments, and provide monthly accounting reports. Eligible applicants are qualified US onshore financial institutions with trust powers authorized to provide these services in the Commonwealth of Kentucky that meet successor trustee requirements under Section 6.09 of the Bond Indenture. Applicants must submit proposals digitally via email by October 19, 2026, clearly marked as instructed, and include fee details using Attachment I without using price ranges. Written questions must be submitted via email to the airport's financial advisor by October 7, 2026. Proposals will be evaluated by a review committee based on their responsiveness to the required proposal content items, with the buyer seeking fixed dollar acceptance fees and flat or percentage-based annual administration fees.
Key solicitation details
AI-extracted from Trustee, Registrar and Paying Agent Services.pdf. Confirm against the original documents before bidding.
The Lexington-Fayette Urban County Airport Board is soliciting proposals from qualified financial institutions with trust powers authorized to provide trustee, registrar, and paying agent services in Kentucky for its outstanding and future bonds. The scope covers administration of tax-exempt and taxable state and local government obligations. Qualified financial institutions authorized to perform these services in Kentucky are eligible to submit proposals.
- Issued by
- Lexington-Fayette Urban County Airport Board
- Proposal Issue Date
- September 29, 2026
- Questions due
- October 7, 2026
- Proposals due
- October 19, 2026
- Anticipated award
- on or about October 26, 2026
- How to submit
- Submission details
- Submitted via email to Financial Advisor Mr. Michael Newman at Hilltop Securities, Inc. Proposals must be clearly marked Proposal to Provide Trustee, Registrar and Paying Agent Services. Facsimile proposals are not accepted.
- Contract term
- Estimated at 30 years
- Place of performance
- Offsite
How proposals are evaluated
| Responsiveness to items in Proposal Content section and ability/commitment to assist Lexington Airport |
Scope of work
- Entering into supplemental trust indentures, continuing disclosure agreements, and escrow agreements
- Coordination of closing arrangements, bond authentication, and delivery against payment for future bond issues
- Maintenance of the trust estate pursuant to the Indenture securing Outstanding Bonds
- Creation and administration of required funds and accounts anticipated by the Indenture
- Provision of regular monthly accounting reports acceptable to Lexington Airport
- Investment of funds upon direction of Lexington Airport consistent with law and Indenture provisions
- Assisting arbitrage consultant with reports necessary for rebate calculations
- Making payment of interest and principal on Outstanding Bonds when due and providing redemption notices
Minimum qualifications
- Qualified financial institution with trust powers authorized to provide services in Kentucky
- Must satisfy requirements for a successor trustee in Section 6.09 of the Bond Indenture dated November 1, 2008
- Ability to perform requested services for the term of the Outstanding Bonds, estimated at 30 years
- Onshore (US Organization Only)
Documents to include with the bid
- Institution name, address, telephone number, and principal contact person details
- Organization size, structure, trust professionals, Kentucky staff, and staff reduction descriptions
- Demonstration of meeting Section 6.09 successor trustee requirements
- Statement of understanding of scope and ability to perform duties for 30-year estimated term
- List of comparable state and local government engagements since January 1, 2024
- Names, titles, and professional qualifications of up to three assigned individuals
- Statement of assurance regarding availability of assigned staff and relationship manager
- Description of investment services and statement of capital, surplus, and undivided profits
- Description of known or pending material changes in the institution
- Attachment I Fee Proposal
Source and verification
Original sourceCraxy AI summarizes this opportunity from the original listing and available solicitation documents. Confirm submission instructions and amendments with the issuing source before responding.
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