Financial Advisor

This contract engages Phoenix Advisors, LLC to provide Barnegat Township with comprehensive municipal financial advisory services, principally “Continuing Disclosure Services.” The vendor will set up and maintain a disclosure database, monitor filing deadlines, file documents on EMMA within 48 hours, issue payment reminders, and produce an annual disclosure summary. Optional add‑on services include debt issuance planning, debt‑management consulting, rating‑agency liaison, redevelopment advisory, and energy‑savings financing. Fees are structured as a base $1,600 annual charge covering up to three issues, plus $100 per additional issue, a $450 set‑up fee (reduced to $200 if also acting as municipal advisor), and $250 event‑filing fees (waivable under certain conditions). The agreement runs one year from Jan 1 2023, automatically renews annually unless a 30‑day termination notice is given. No competitive bidding process is described, indicating a sole‑source award. • Provides full‑cycle continuing disclosure compliance for municipal debt. • Optional services expand the scope to debt issuance, fiscal consulting, and ESG‑related financing. • Fixed‑price fee schedule with modest annual cost, plus per‑issue and event fees.