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Financial Advisor




Pursuant to the Fair and Open Process described under N.J.S.A. 19:44A-1, et seq., the Town seeks Request for Proposals (“RFP”) for the provision of “financial advisory/consulting services for a contract period beginning on January 1, 2018 and ending on December 31, 2018.  All candidates are required to comply with N.J.S.A. 10:5-31 et seq. and N.J.A.C. 17:27 et seq. as amended.  (Affirmative Action).  Each candidate shall submit proof of business registration with the New Jersey Division of Taxation (P.L. 2004, C.57).  The successful candidate must have significant experience in public sector financial matters/consulting.  The successful candidate will provide the Town with consulting services related, but not necessarily limited to:

Professional Information and Qualifications

Available to any person(s) or firm(s) interested in providing professional services (as defined in N.J.S.A. 40A:11-2(6) to the Town of Guttenberg (hereinafter “Town”).

1. Appointment Financial Advisory Services Consultant:  A Financial Advisory Services Consultant shall be appointed by the Mayor and Council for a term of one (1) year.  The Board of Council may appoint an individual or firm as the consultant.

2. Compensation:  Compensation as agreed upon and approved by the Council shall be the basis of payment for services rendered.

3. Duties and Responsibilities:  Financial Advisory Services Consultant shall       perform such duties and provide professional services customarily provided by a financial advisor to a governmental entity the size and scope commensurate to that of the Town of Guttenberg and shall include advice and assistance with respect to debt financings and other financial issues contemplated by the Town including:

(a)    assistance in determining the amount, size and timing of borrowings contemplated by the Town  for its capital program and as a conduit for other borrowings;

(b)    assistance in formulating the credit structure, maturity schedule, call provisions and other terms and conditions of debt offerings, as required for any other offering;

(c)    assistance in deciding whether each issue can and/or should be sold on a negotiated, competitive, or private placement basis;

(d)    preparation of necessary legal documents concerning debt transactions;

(e)    preparation of official statements, including ongoing updating of demographic data and financial statistics included therein;

(f)    preparation of Local Finance Board applications for financings and presentation of such applications to the Board, if required;

(g)    preparation and presentation of timely and adequate information on proposed financings to the bond rating agencies to obtain the most favorable rating for each financing; to include the maintenance of a regular relationship between the Town  and the rating agencies for purposes of improving the process of obtaining ratings;

(h)    evaluation of the terms and recommendations to the Town  for acceptance, rejection or renegotiation with respect to sale bids or final pricing as applicable;

(i)    preparation and presentation of timely and adequate information on proposed financings to institutions providing credit enhancements;

(j)    determining if there are any benefits of utilizing credit enhancement to lower debt service costs;

(k)    assistance with development of a comprehensive arbitrage rebate planning and filing program for the Town, when applicable;

(l)    a review of credit worthiness of the security for each debt financing;

(m)    coordination of the activities of professionals on the financing team for a transaction, including preparation of schedules; and

(n)    assistance in the selection of and negotiation with investment banks as to the terms of any agreement for provision of underwriting services.

4. Preparation of Reports and Analysis:  When directed, the consultant shall provide the services necessary to prepare and provide detailed reports as requested concerning matters pertaining to the engagement.  These services include, but are not limited to, providing summary reports of any debt issuances, preparation of debt service schedules for all outstanding debt, assistance in arrangements for investment of proceeds, and monitoring all outstanding debt.

5. Judicial and Quasi-Judicial Proceedings:  When directed or subpoenaed in connection with the product(s) provided pertaining to the engagement, the consultant shall provide the services necessary to prepare for giving testimony and shall provide such testimony as required.


    The respondent shall provide, at a minimum, the following information:

1.  Qualification requirements:  to compete for the needed services or activity as set forth in the “Duties and Responsibilities” of the position defined in the Town’s RFP. Qualifications, at a minimum, shall include requirements defined as follows:

A.    Full Name and Business Address.
B.    Dates of licensure in the State of New Jersey and any other state as to the professional discipline requested to serve the needs of the Town, where applicable.
C.    A listing of any professional affiliations or membership in any professional societies or organizations, with an indication as to any offices held.
D.    A description of each individual’s qualifications, including education, licensure (where applicable) and years of professional experience employed and/or affiliated with the professional entity seeking to provide services to the Town.
E.    A listing of all previous public sector entities served by the respondent including dates of services and position(s) held.
F.    Proposed cost of the service(s) or activities.  The proposed cost should include.

i.     all of the services described and defined as set forth in the “Duties and Responsibilities” section above.
ii.     Additional services that may be required beyond the scope of regular services, as well as, hourly rates for any services outside of the scope of those proposed to be included in a fixed price proposal.

2.    Insurance:  The respondent as a member of a profession that is subject to suit for professional malpractice shall provide documentation that insurance for professional liability/malpractice coverage with limits as to liability that will be in place to protect the Town of Guttenberg.  If appointed, respondent shall furnish a certificate of insurance naming the Town of Guttenberg as an additional insured under such policies.

3.    The respondent shall file a statement of as to compliance with N.J.S.A.
10:5-1 et. seq. (Laws against Discrimination) and P.L. 1975, C.127 (Affirmative Action).

4.    Provide a copy of the respondent’s New Jersey Business Registration

5.    Provide the cost and a “not to exceed cap” for fees for these services.

6.    Respondent shall furnish three (3) copies of their proposal.   


The Town shall award all professional service agreements based upon qualifications, merit, cost competitiveness, references and experience with issues confronting the Town of Guttenberg. A final award shall be made by Resolution adopted by a majority of the Council based upon the proposal made to the Town that has been determined to be the most advantageous to the Town, price and other factors considered.  All awards are and shall be subject to the availability of funds.


Sealed submissions will be received by the Town Clerk, or designated representative for the Town of Guttenberg, County of Hudson, State of New Jersey on December 15, 2017, 11:00 A.M. prevailing time, in Council Chambers, Municipal Building, 6808 Park Avenue, Guttenberg, New Jersey 07093, then publicly opened and read aloud.  All proposals must be delivered to the Town Clerk’s Office, Town of Guttenberg, 6808 Park Avenue, Guttenberg, New Jersey.

Copies of the documents setting forth the scope of services, contract terms and conditions, proposal requirements, criteria for evaluation of proposals, and proposal submission requirements may be obtained, during regular business hours, from the Municipal Clerk of the Town of Guttenberg by telephoning the Clerk at 201-868-2315, extension 100 or by visiting his offices at 6808 Park Avenue, Guttenberg, New Jersey, Monday through Friday between the hours of 9:00 a.m. and 4:00 P.M. excluding holidays.  Proposals will be accepted up to 11:00 a.m. (prevailing time) on December 15, 2017.                        

All professional service contractors are required to comply with the requirements of N.J.S.A. 52:32-44 (Business Registration of Public Contractors), N.J.S.A. 10:5-31 et seq. and N.J.A.C. 17:27 et seq. (Contract compliance and Equal Employment Opportunities in Public Contracts). Submissions by Corporations and Partnerships shall include a completed Disclosure of Ownership form (N.J.S.A. 52:25-24.2) and shall include a completed Non-Collusion Affidavit. The Mayor and Council reserve the right to reject any or all submissions due to any defects or waive informalities and accept any submissions that in their judgment will be in the best interest of the Town.

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