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  5. ›RFP Borough Bond Counsel - 2022

Borough of Atlantic Highlands·New Jersey

RFP Borough Bond Counsel - 2022

Rolling / TBD close$100k – $300kRequest for Proposal
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Description

The Borough of Atlantic Highlands seeks a qualified attorney to serve as Municipal Bond Counsel for the 2022 calendar year (or until a successor is appointed). The counsel will be responsible for preparing and reviewing all legal documentation related to bond and bond‑anticipation‑note issuances, including ordinances, resolutions, official statements, closing documents, and final approving opinions, as well as providing ongoing advice to the Borough and attending bond closings. The firm must be an “Approved Bond Counsel” listed in the Bond Buyer’s Red Book, possess at least eight years of municipal public‑finance experience, have specific tax expertise, and meet extensive insurance, ethics, and “pay‑to‑play” compliance requirements. Compensation is rate‑based, with a “not‑to‑exceed” transaction fee and hourly rates, but qualifications outweigh price in the evaluation. • Prepare bond ordinances, resolutions, notices of sale, and official statements. • Draft, review, and finalize all closing documents and issue final approving opinions. • Attend bond closings, provide ongoing counsel, and maintain backup support staff. • Meet stringent certifications (ethics, malpractice, insurance, stock‑holder, affirmative‑action, ADA, MacBride Principles, and political‑contribution disclosures).

Attached files

Contact

Robert Ferragina(Borough Administrator)

[email protected]

(732) 291-1444

Key dates

Opened
11/19/2021
Closes
Rolling / TBD
Projected award
1/1/2022
Duration
1 year

Last updated

Details

Type
Request for Proposal
Industry
Legal Services
NAICS
541110
Solicitation №
RFP Borough Bond Counsel - 2022

Budget estimate

$100,000 – $300,000

No fixed fee is disclosed; typical municipal bond counsel fees for a one‑year appointment range from $100,000 to $300,000 depending on the number and size of issuances, hourly rates for senior attorneys, and additional insurance and compliance costs. A mid‑size New Jersey borough often budgets around $150k‑$250k for such services, so the estimate reflects that range.

AI estimate from the solicitation

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