Bond Counsel

This contract provides the Township of Barnegat with comprehensive legal services for municipal bond issuance, covering ordinance drafting, bond‑sale documentation, sale attendance, and post‑issuance compliance. The vendor, Dilworth Paxson LLP, receives a flat‑fee for each bond sale plus a per‑thousand‑dollar surcharge, and hourly rates for additional work. The agreement also requires the vendor to maintain professional liability and general liability insurance, and to comply with New Jersey equal‑employment‑opportunity regulations. • Flat‑fee $3,500 per bond sale plus $1 per $1,000 of bonds issued, with hourly rates ranging $80‑$275 for extra services. • Scope includes ordinance preparation, resolution drafting, official‑statement review, bid‑inquiry support, attendance at sale and closing, and limited SEC arbitrage advice. • One‑year term (Jan 9 2026 – Dec 31 2026) with no automatic renewal; vendor must provide proof of insurance and EEOC compliance.