HomeMy WebLinkAbout17- RFP Advertisement - Purchase of Tax Increment Urban Renewal Revenue Bonds (Northeast Urban Renewal District) Series 2017REQUEST FOR PROPOSALS FOR THE PURCHASE OF TAX INCREMENT URBAN RENEWAL REVENUE BONDS
(NORTHEAST URBAN RENEWAL DISTRICT), SERIES 2017
CITY OF BOZEMAN, MONTANA
NOTICE IS HEREBY given that the City of Bozeman is seeking proposals from lending
institutions willing to issue a loan evidenced by a bond to its Northeast Urban Renewal Tax
Increment Financing District (the “District”). The District has annual tax increments available to make loan payments. For the current tax year, the District increment revenue was $143,000. The
District currently has no other debt.
STATEMENT OF NEED The District is seeking a fixed rate loan in the estimated amount of $1,446,000, payable in equal
semi-annual installments over a period of 25 years to fund infrastructure improvements in the
District in FY17/18. The entire Request for Proposals document, including the basic term sheet
and schedules can be found on the City Web page at www.bozeman.net by selecting the BID
button and clicking on the link to this project. In addition, the RFP may be distributed to individual financial institutions.
DELIVERY OF PROPOSALS
Electronic searchable PDF files must be submitted via e-mail no later than 5:00 PM on March 27, 2017 to the City Clerk at agenda@bozeman.net. Hard copy proposals must be accepted by the
City Clerk no later than 5:00 PM on March 27, 2017 at the City Clerk’s office located on the
second floor of Bozeman City Hall at 121 North Rouse Ave. Hard copy proposals shall be
presented in a neat and orderly fashion. Digital or e-mailed proposals shall be combined into 1 single PDF. Separate links and attachments will not be reviewed.
For questions related to submittal please contact the City Clerk’s Office at (406) 582-2320 or stop
by during regular business hours.
Responses received after 5:00 PM on this date will not be considered. This Request for Proposal will be published in the Bozeman Daily Chronicle on the following dates:
Sunday, February 19, 2017
Sunday, March 5, 2017
Sunday, March 19, 2017
Questions relating to content should be submitted to:
Brit Fontenot, Economic Development Director
City of Bozeman
P.O. Box 1230 Bozeman, MT 59771
(406) 579-1302
bfontenot@bozeman.net
DISCRIMINATION Any submitting entity under this invitation for proposal must sign and return the required
affirmation stating that they will not discriminate on the basis of race, color, religion, creed, sex,
age, marital status, national origin, or because of actual or perceived sexual orientation, gender
identify, or disability in the exercise of contract should it be awarded to that entity. Each entity submitting under this notice shall also recognize in writing the eventual contract will contain a
provision prohibiting discrimination as described above and this prohibition on discrimination
shall apply to the hiring and treatment of the Contractor’s employees and to all subcontracts.