Bond Counsel

This agreement secures professional legal services for the Township of Barnegat’s municipal bond program. Dilworth Paxson LLP will act as bond counsel, handling ordinance preparation and review, drafting and filing bond‑sale resolutions, assembling certified records of proceedings, preparing official statements, providing legal opinions, and advising on federal arbitrage and SEC compliance. Additional optional services include assistance with New Jersey Environmental Infrastructure Trust financing, mini‑bonds, USDA/FHA obligations, credit‑enhancement, and refunding escrow work. Compensation is a blend of flat fees (e.g., $3,500 per bond sale plus $1 per $1,000 issued), per‑ordinance fees ($400–$600), and hourly rates ranging from $80 to $275 depending on staff level, with a $750 minimum for certain private‑placement tasks. The contract runs one year from 1 Jan 2024 to 31 Dec 2024 and may be terminated by either party with written notice. No renewal, set‑aside, or competitive bidding details are disclosed. • Core services: ordinance drafting/review, bond‑sale documentation, legal opinions, and compliance advice. • Fee structure: flat‑fee + per‑thousand‑dollar issuance fee, plus hourly rates for supplemental work. • Scope limited to New Jersey municipal bond activities; vendor must comply with NJ EEO/affirmative‑action requirements.