2027-04 Bond Counsel

The Borough of Seaside Park, County of Ocean, State of New Jersey, desires to appoint Borough Bond Counsel by way of a one (1) year contract for the year ending December 31, 2027. Sealed proposals will be received by the Municipal Clerk and opened and read in public.

The Borough of Seaside Park will award this competitive contract in accord with price and other factors as outlined with N.J.S.A. 40A:11-1 et seq., and N.J.A.C. 5:34-4.1 et seq.

The Borough Bond Counsel shall perform the following minimum duties, as well as those prescribed by applicable law, subject to the review and approval of the Mayor and Council. Responsibilities shall include analyzing all municipal short and long-term indebtedness; determining the most advantageous time to convert short-term into indebtedness; preparing ordinances, notices, and all other documentation necessary for incurring new debt; preparing reports; and providing advice and counsel to the Mayor and Council, regarding bonding, which includes but is not limited to, litigation, regulations, legislation, and ordinances, and attending meetings as requested by the Mayor and Council.

Minimum Qualifications and Response Requirements

• The individual has service in the role of Municipal Bond Counsel for a municipal entity or Government entity in the State of New jersey for a period of at least seven (7) years prior to the submission of this proposal;
• That the attorney has at least seven (7) years' experience in the litigation of municipal matters;
• That the attorney or law firm submitting this proposal has not represented within the past three years and does not represent any adverse parties and claims whether administrative, civil, criminal, or otherwise, against the Borough of Seaside Park;
• Must have sufficient support staff to provide all services requested by the Borough including, but not limited to, preparation of all legal documents necessary and incidental thereto;

Submission

Proposals must be made on the proposal forms included with the specification, enclosed in a sealed package bearing the name and address of the bidder and "RFP [Contract Number], [Professional Service Appointment]" on the outside, addressed to Jenna Jankowski, at the address above. The bidder shall include two (2) hard copies and one (1) by digital media. Bids received after the designated time and date will be returned unopened. Once bids have been opened, they shall remain firm for a period of sixty (60) calendar days.

Evaluation

The Borough will evaluate proposals based on the criteria listed in N.J.A.C. 5:34-4.2:

• Technical criteria (Max 20 Points)
• Management criteria (Max 50 points)
• Cost criteria (20 points)

Insurance

Commercial General Liability insurance coverage, written on an occurrence basis, must not be altered by any endorsement limiting coverage. Limits of liability shall not be less than **$1,000,000**. The Borough must be named as an additional insured.

Contract term

A one (1) year contract for the year ending December 31, 2027.