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  5. ›RFP Borough Bond Counsel - 2023

Borough of Atlantic Highlands·New Jersey

RFP Borough Bond Counsel - 2023

Rolling / TBD close$30k – $150kRequest for Proposal
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Description

The Borough of Atlantic Highlands is seeking an experienced municipal bond counsel to provide comprehensive legal services for all public‑finance matters throughout calendar year 2023. The attorney will handle bond and note issuances, prepare and review financing documentation, advise elected officials, and represent the Borough at closings. Compensation is based on a per‑transaction fee schedule and hourly rates, with the lowest‑price proposal not being the sole evaluation factor; experience, qualifications, and ethics are weighted more heavily. • Must be an attorney with ≥ 8 years public‑finance experience and listed as an Approved Bond Counsel in the “Red Book.” • Required to maintain $1 M general liability and professional liability insurance and certify no NJ Supreme Court disciplinary actions. • Deliverables include bond ordinances, official statements, closing documents, final opinions, and ongoing legal advice for the Borough’s financing activities.

Attached files

Contact

Robert Ferragina(Borough Administrator)

[email protected]

(732) 291-1444

Key dates

Opened
11/4/2022
Closes
Rolling / TBD
Projected award
1/1/2023
Duration
1 year

Last updated

Details

Type
Request for Proposal
Industry
Legal Services
NAICS
541110

Budget estimate

$30,000 – $150,000

The RFP does not disclose a fee schedule, but municipal bond counsel fees typically range from $30 K to $150 K annually depending on transaction volume, complexity, and hourly rates for senior staff. Assuming a modest issuance program for a small New Jersey borough, an estimate of $30 K–$150 K is reasonable. Factors influencing the range include the number of bonds issued, hourly rates for partners vs. associates, and any “not‑to‑exceed” caps the Borough may impose.

AI estimate from the solicitation

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