What the buyer needs
AI summaryThe Township of West Caldwell seeks financial advisory services to identify and secure a lender for a credit facility. The advisor will help the township borrow funds with acceptable repayment terms. Key responsibilities include identifying short- and long-term financing needs and advising on fiduciary duties for bond issuance. The advisor will also monitor the township's debt and evaluate lender proposals.
Scope of work
- Identify short-term and long-term financing needs of the Township
- Facilitate identifying, soliciting, and securing a lender for a credit facility
- Advise on fiduciary responsibilities associated with the issuance of Bonds
- Monitor the Township's debt position and make recommendations
- Size and structure debt to minimize costs and risks
- Assist in preparing bidding documents for competitive bonds and notes
- Evaluate proposals from lenders submitting responses to the solicitation package
- Develop a timeline for completing work tasks and delivering results
How proposals are evaluated
| Criterion | Weight / scoring |
|---|---|
| Cost | Not specified |
| Relevance and Extent of Qualifications, Experience, Reputation | Not specified |
| Technical Qualification contains all required information | Not specified |
Minimum qualifications
- Currently registered as a municipal advisor with both the SEC and MSRB
- Maintain SEC and MSRB registration throughout the term of the contract
- Identify a specific individual advisor meeting minimum qualifications if a firm
Documents to include with your response
- Acknowledgement of Receipt of Addenda Form (Exhibit A)
- Ownership Disclosure Certification / Shareholder Disclosure Form (Exhibit B)
- Affirmative Action Affidavit / Compliance Notice (Exhibit C)
- Affidavit of Non-Collusion (Exhibit D)
- Disclosure of Prohibited Investment Activities in Iran, Russia and Belarus (Exhibit G)
- Signatory Page (Exhibit H)
- RFP Document Checklist (Exhibit I)
- Business Registration Certificate (N.J.S.A. 52:32-44)
- Cost Proposal / Fee Schedule
- Proof of professional liability/malpractice insurance
How to submit
- Method
- Sealed hard copy and electronic copy (mail or hand delivery)
- Instructions
- Submit one (1) original hard copy clearly marked as 'original' and one (1) complete copy in electronic format (CD/DVD/USB) in a sealed envelope to Nikole H. Baltycki, Township Administrator, Township of West Caldwell, 30 Clinton Road, West Caldwell, New Jersey 07006. Facsimile or e-mail proposals will not be accepted.