GovBidAlerts
← My Opportunities
closed🌐 acua2025-RFP-03

Bond Counsel Services

acua / Administration and Finance

Description

It is the Authority’s intention to issue all financing (interim and/or permanent) for the projects described above through negotiated sale to the I-Bank and the State. The long-term funds lent from the State are at 0% interest rate while the I-Bank funds lent is at AAA- at a blended rate. It is the Authority’s intent to begin the process for the financing of two projects through the NJ I-Bank in 2025. Phase 1A of the Solids Handling project is currently within the design stages with 95% of the design complete. The tentative bid schedule is prior to the end of the second quarter of 2025. It is anticipated that short-term financing of the project will be necessary due to the period anticipated for the completion of the project. The Phase 1A project is estimated at $10,000,000. In addition, it is the Authority’s intention to seek financing from the I-Bank for the Aeration Basin Conversion Project. The specifications for this project is 80% complete and the staff anticipates the process for financing to begin towards the end of 2025. This project is estimated at $3,500,000. Finally, the Authority will be issuing a bid in 2025 for a Lease Financing Agreement for the purchase of heavy equipment that will total approximately $3,200,000. Staff anticipates that the contract will be awarded during the third quarter of 2025.

Details

Posted
Jan 14, 2025
Response deadline
Jan 31, 2025, 4:00 PM UTC
Status
closed
Buyer
acua
Department
Administration and Finance
Jurisdiction
acua
Reference #
2025-RFP-03
Summary
<p style="text-align: justify;">It is the Authority&rsquo;s intention to issue all financing (interim and/or permanent) for the projects described above through negotiated sale to the I-Bank and the S
Is Paused
false
Template Title
Request for Proposal
Copy Count
0
Government Organization City
Egg Harbor Township
Government Organization Name
Atlantic County Utilities Authority, NJ
Government Organization State
NJ
Government Organization Website
https://www.acua.com
Government Organization Zip Code
08234
Government Organization Address1
6700 Delilah Road
Government Organization Timezone
America/New_York
Government Organization Country Code
US
Government Organization Phone Country
1
Closed Substatus
awarded

Contact

(609)272-6950
Finding similar opportunities…

This listing is a summary from acua's open procurement data. We ingest every field the feed publishes; the full solicitation documents are on the source portal.

Raw record
{
  "id": 140476,
  "_slug": "acua",
  "title": "Bond Counsel Services",
  "status": "closed",
  "summary": "<p style=\"text-align: justify;\">It is the Authority&rsquo;s intention to issue all financing (interim and/or permanent) for the projects described above through negotiated sale to the I-Bank and the State. The long-term funds lent from the State are at 0% interest rate while the I-Bank funds lent is at AAA- at a blended rate.</p><p style=\"text-align: justify;\">It is the Authority&rsquo;s intent to begin the process for the financing of two projects through the NJ I-Bank in 2025. Phase 1A of the Solids Handling project is currently within the design stages with 95% of the design complete.&nbsp; The tentative bid schedule is prior to the end of the second quarter of 2025. It is anticipated that short-term financing of the project will be necessary due to the period anticipated for the completion of the project. The Phase 1A project is estimated at $10,000,000. &nbsp;In addition, it is the Authority&rsquo;s intention to seek financing from the I-Bank for the Aeration Basin Conversion Project.&nbsp; The specifications for this project is 80% complete and the staff anticipates the process for financing to begin towards the end of 2025. This project is estimated at $3,500,000. Finally, the Authority will be issuing a bid in 2025 for a Lease Financing Agreement for the purchase of heavy equipment that will total approximately $3,200,000. Staff anticipates that the contract will be awarded during the third quarter of 2025.</p>",
  "isPaused": false,
  "template": {
    "title": "Request for Proposal"
  },
  "addendums": [],
  "copyCount": 0,
  "isPrivate": false,
  "comingSoon": false,
  "created_at": "2025-01-13T17:13:57.909Z",
  "department": {
    "id": 6887,
    "name": "Administration and Finance"
  },
  "government": {
    "code": "acua",
    "organization": {
      "city": "Egg Harbor Township",
      "logo": "https://assets.procurement.opengov.com/logo-uploads/1bb8062c-e3e4-41a6-ae5f-8ae613dbe549_logo.png",
      "name": "Atlantic County Utilities Authority, NJ",
      "phone": "(609)272-6950",
      "state": "NJ",
      "website": "https://www.acua.com",
      "zipCode": "08234",
      "address1": "6700 Delilah Road",
      "address2": null,
      "phoneExt": null,
      "timezone": "America/New_York",
      "countryCode": "US",
      "phoneCountry": "1"
    }
  },
  "financialId": "2025-RFP-03",
  "closeOutReason": null,
  "closedSubstatus": "awarded",
  "proposalDeadline": "2025-01-31T16:00:18.681Z",
  "releaseProjectDate": "2025-01-14T17:16:36.613Z"
}