Summit Civicplus #287

Summit seeks bond counsel for municipal financing and related legal services

The City of Summit, New Jersey, is seeking qualified bond counsel to support municipal borrowing and related financing work. - Government buyer: City of Summit, New Jersey; no sub-agency or office is identified. - OEMs and named vendors: No OEMs, law firms, or other vendors are named in the provided materials. - Services requested: General-obligation bond approvals; preparation or review of bond and capital ordinances, including multipurpose ordinances; counsel for notes issued in anticipation of bonds; research on complex legal questions; special-financing documents; special tax counsel opinions; and meeting attendance. - Fee schedule: Bond approval is priced at a $3,500 base fee plus $1 per $1,000 of bonds approved, with an additional $1,000 per series for multi-series issues. Bond and capital ordinances are $400 each; multipurpose ordinances are $750. Anticipation-note services are $50 per $100,000 or fraction thereof, with a $500 minimum per issue. Separately requested work is billed at $180 per partner hour and $125 per associate hour. - Notable terms: Reasonable, documented out-of-pocket expenses may be reimbursed; travel time and travel expenses are not reimbursable. The procurement describes services for the 2027 service year, but does not specify exact start or end dates.

Description

The City of Summit is seeking qualification statements from firms or individuals to provide 2027 legal services as bond counsel. The scope includes bond counsel services, with fees and payment conditions specified in the attached RFQ. Respondents must submit an original and one copy by hand delivery, delivery service, or U.S. Postal Service by November 5, 2026, at 4:00 p.m. The City will evaluate qualifications based on experience and reputation, knowledge of the City and subject matter, availability, and other relevant factors.

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