8/12/21 - Bid #07-21-22-02 ¡°Assignment of Delinquent Real Property Tax Liens of the City of Danbury¡±

Agency: City of Danbury
State: Connecticut
Type of Government: State & Local
NAICS Category:
  • 531390 - Other Activities Related to Real Estate
  • 541213 - Tax Preparation Services
Posted Date: Jul 19, 2021
Due Date: Aug 12, 2021
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8/12/21 - Bid #07-21-22-02 “Assignment of Delinquent Real Property Tax Liens of the City of Danbury”

INVITATION TO BID

Sealed Bids will be received by the Purchasing Agent of the City of Danbury at the Purchasing Agent’s Office, City Hall, Danbury, CT until 10:00 A.M. on:

Thursday, August 12, 2021 for:

Bid #07-21-22-02 “Assignment of Delinquent Real Property Tax Liens of the City of Danbury”

For a copy of the complete bid package package click here

The City of Danbury is an equal opportunity and affirmative action purchaser, and bids from all vendors, including those from enterprises owned by minorities and women, are encouraged.

The City of Danbury reserves the right to accept or reject any or all Bids, and unless specified otherwise, to award the contract within thirty working days to the Bidder deemed to be for the best interest of the City of Danbury.

Dated: July 19, 2021

Charles J. Volpe, Jr.
Purchasing Agent
City of Danbury

Attachment Preview

The City of Danbury, CT
Sealed Bid Request
BID TITLE: Bid #07-21-22-02 “Assignment of Delinquent Real Property Tax Liens of the City of Danbury”
DATE BID OPENING: Thursday, August 12, 2021
TIME: 10:00 AM
LOCATION: Purchasing Department, City Hall, 155 Deer Hill Avenue, Danbury, CT 06810
Bid Bond or Certified Check required if awarded the bid: $50,000.00
Performance Bond required if awarded bid: Not Applicable
The City of Danbury reserves the right to accept or reject any or all bids or any portion thereof, to waive
technicalities, and to award the contract as deemed to best serve the public interest.
Omit State and Federal Taxes
All prices must be FOB Destination (Danbury, CT) unless otherwise specified
Dated in Danbury: July 19, 2021
Purchasing Agent
Charles J. Volpe, Jr.
Pursuant to and in accordance with the Invitation to Bid, Instructions to Bidders, and specifications relating
thereto, the undersigned hereby offers to purchase the assignment of delinquent real property tax liens of
the City of Danbury itemized on the attached report for the prices listed below:
Complete accompanying proposal pages
Company:_______________________________________ Phone:________________________________
Address:________________________________________ Fax:__________________________________
________________________________________ E-mail:________________________________
Submitted
Payment Terms: ________________________
By(signature)___________________________________
Signed
By(print/type)___________________________________
Title: __________________________________
Dated: ____________________
PROPOSAL
Pursuant to and in accordance with the Invitation to Bid, Information for Bidders, and
specifications relating thereto, the undersigned hereby offers to purchase the assignment
of delinquent real property tax liens of the City of Danbury itemized on the attached report
for the prices listed below:
FOR DELINQUENT TAX LIENS WITH BID PRICING OF 100% (ONE HUNDRED
PERCENT) OR BETTER AS ITEMIZED ON A SEPARATELY ATTACHED REPORT:
Summary Proposal:
PRINCIPAL:
LUMP SUM (in words) __________________ Dollars and ____________ Cents
(in figures) $ ________________
INTEREST:
LUMP SUM (in words) __________________ Dollars and ____________ Cents
(in figures) $ ________________
CHARGES (The sum of Lien plus “Wfee”):
LUMP SUM (in words) __________________ Dollars and ____________ Cents
(in figures) $ ________________
TOTAL (The sum of “PRINCIPAL”, “INTEREST”, and ‘CHARGES”):
LUMP SUM (in words) __________________ Dollars and ____________ Cents
(in figures) $ ________________
The above represents the summary proposed bid for those delinquent tax liens in which
the purchaser is willing to pay at least 100% of the total (principal, accrued interest, and
charges) listed amount of lien.
All sums collected by the Purchaser awarded the Assignment shall be retained by the
Purchaser.
The price stated above may increase to reflect any additional statutory interest charges
as well as any other charges due to the City for administrative and legal costs with
respect to each lien to be assigned which accrue after August 31, 2021 and before the
Closing Date. Likewise, the Purchase Price shall be decreased to reflect any delinquent
tax payments made subsequent to the contract execution date.
Each bid shall be held firm by the Prospective Purchaser for a period of not less that sixty
(60) days and an award of the Assignment Agreement shall be made within said period.
The closing date shall be no later than thirty (30) days following award.
Bid Security (bond or check) in the amount of $50,000.00 is enclosed.
A Certificate of Insurance will be required at the time of execution of contract evidencing
general and professional liability coverage in an amount of at least $2,000,000 and
contractual liability coverage in an amount sufficient to cover the obligations of the
Prospective Purchaser hereunder and under the Assignment Agreement.
Bidder ____________________
REQUEST FOR PROPOSALS
ASSIGNMENT OF DELINQUENT REAL PROPERTY TAX LIENS
The City of Danbury, Connecticut (the “City”) is requesting written sealed proposals from
interested parties (“Purchasers” and referred to in the Assignment Agreement as the
“Assignee”) for the assignment totaling approximately $574,852.17 of the 2019 and prior
delinquent municipal property tax liens listed on Exhibit A attached hereto (hereinafter
referred to as the “Delinquent Tax Liens”) pursuant to the provisions of the Connecticut
General Statutes §12-195h attached as Exhibit B (the “Act”), in accordance with the
terms of this Request for Proposal (hereinafter collectively referred to as the “RFP”).
The Transaction
The City intends to assign the Delinquent Tax Liens identified in Exhibit A to a third party
in accordance with the provisions of the Connecticut General Statutes §12-195h, this
RFP and the terms/conditions of the contract document appended hereto as Exhibit C,
entitled, “AGREEMENT FOR THE ASSIGNMENT OF CERTAIN REAL PROPERTY TAX
LIENS OF THE CITY OF DANBURY,” (hereinafter the “Assignment Agreement”) which
the Purchaser must execute without modification. In return for the assignment of
these liens, the Purchaser agrees to pay the price identified in the Prospective
Purchaser’s proposal(s), subject to the adjustments identified herein (hereinafter the
“Purchase Price”).
Purchaser’s Responsibility to Review
The Purchaser is expected to price each listed lien when submitting their proposal(s).
Withdrawal of Liens by the City
The City reserves the right to withdraw any Delinquent Tax Lien or Liens from the list of
liens to be assigned prior to the date of the contract award. Any liens withdrawn by the
City in accordance with this section will be deleted from the assignment of the Delinquent
Tax Liens and the bid, and, therefore, the Purchase Price shall be reduced based upon
the individually priced lien as proposed.
Subsequent to the award, the City will be permitted to withdraw any Delinquent Tax Liens
from the list of liens to be assigned. In the event of any such withdrawal, the Purchase
Price shall be reduced based upon the individually priced lien as proposed.
The final list of liens to be assigned (“Final List”), reflecting all deletions and adjustments
required by the provisions of the RFP shall be confirmed by authorized signatures of both
parties on the closing date and shall be deemed final and binding. Said list, attached
hereto as Exhibit A, shall be incorporated into the Assignment Agreement.
Assignment of Future Tax Liens
Subject to the prior authorization of the City Council, the City may, at its option, with the
consent of the Assignee, assign future tax liens (hereinafter referred to as the “Future
Tax Liens”) to the Assignee relating to the same property as previously Assigned Liens.
Each such assignment shall be completed in the same manner as the initial assignments
hereunder and shall be subject to all applicable provisions hereof relating to Delinquent
Tax Liens and to all of the provisions of the Assignment Agreement relating to Assigned
Liens as well as to all of provisions of law existing at the time of the assignment.
Any such Future Tax Lien that the Assignee does not elect to obtain through assignment
in accordance with this section shall continue as a lien upon the subject property and
shall have priority over any and all liens on the subject property previously assigned to
the Assignee. The City shall be entitled to enforce payment of any tax delinquency
secured by any such lien in any manner permitted by law. Any receipt of tax payments
by the Assignee with respect to property that is subject to a Future Tax Lien that the
Assignee has not elected to obtain through assignment shall be paid to the City, until said
Future Tax Lien shall have been paid in full.
In the event that the City Council does not authorize the assignment of a Future Tax Lien,
the City agrees that it will not commence any action to foreclose any such Future Tax
Lien for a period of one (1) year from the date of filing of the continuation certificate
relating to said Future Tax Lien, which period shall be extended if the City determines
that the Assignee has commenced an action to foreclose an Assigned Lien relating to the
same property and is proceeding with said foreclosure action in good faith and with due
diligence.
The terms of the Assignment Agreement between the Purchaser and the City relating to
Delinquent Tax Liens shall also apply to Future Tax Liens.
Administration of Accounts
The Purchaser shall be required to collect and process all liens at its cost. Such
processing shall include the recording of evidence of the assignment on the land records
for all liens on the final List. The Purchaser shall be responsible for all collection and
enforcement efforts with respect to such liens, including all lawful collection procedures
and, as the Purchaser deems appropriate and lawful foreclosure proceedings. There
shall be an automatic stay for foreclosure actions on all 2015 or newer liens for a period
of one year after contract date. However, the City will, at its discretion, entertain possible
exceptions on a case by case basis.
The Purchaser shall provide the Danbury Tax Collector with a monthly report listing all
accounts on the Final List and the status of each as to collection. The proposal shall
include a form of the proposed monthly report.
Assignment by Purchaser
The Assignee may assign any or all of its interests, rights and obligations under this
Agreement with respect to the Assigned Liens, provided however that prior to the
assignment of any of the Assigned Liens, Assignee shall notify the City. The City shall
not unreasonably withhold its consent to such further assignment. If the City does not
object to the further assignment within sixty (60) days of notification by Assignee, the City
shall be deemed to have consented to the assignment. In addition and notwithstanding
anything herein to the contrary, Assignee shall have the right to freely assign the
Assigned Liens either to an affiliate or for the purpose of financing only, without
restriction. The term “affiliate” shall mean any person or entity controlling, controlled by or
under common control of the Assignee. In the event of any such assignment, sale or
conveyance, the provisions of this RFP and of the Assignment Agreement and any
amendments hereto or thereto shall be binding upon the subsequent assignee and upon
the heirs, successors and assigns of the parties hereto and of the subsequent assignee.
Any assignment, sale or conveyance by the Assignee of any Delinquent Tax Lien, or any
interest therein, shall not modify, relieve, terminate or discharge any of the Assignee’s
obligations under the Assignment Agreement or this RFP, except as agreed to by the
City.
Proposal Requirements
The proposal must be signed by the bidder’s authorized agent. The proposal shall
describe in detail the Prospective Purchaser’s proposal, as well as the name, title and
telephone number of the person to whom the City may direct questions concerning the
proposal. The letter shall also include a statement by the Prospective Purchaser
accepting all of the terms and conditions contained in the RFP and in the Assignment
Agreement. The proposal shall include a bid for each lien to be assigned and for the
summary bulk amount of the liens.
The City will consider alternative proposals which may be deemed to be in the best
interests of the City.
All bids shall be considered final.
Each bid shall be accompanied by a bid bond in the form of a certified check or a surety
bond, acceptable to the City, in the amount of $50,000.00. The bid bond shall be
returned to each bidder following the execution of the contract.
Each proposal shall contain, as a minimum, the following information:
A statement setting forth the specific terms of the Prospective Purchaser’s
proposal, including the information requested herein and agreeing to accept the
terms and conditions set forth herein and in the Assignment Agreement;
A statement of those qualifications which give the Prospective Purchaser the
ability to complete the assignment and perform the duties and obligations created
by this RFP and the Assignment Agreement;
The qualifications of staff members who will be responsible for the management
of the City account. The City shall be notified prior to the change or replacement
of any staff member involved in the management of the City account;
Disclosure of principals of the Prospective Purchaser;
A list of similar engagements with other local government entities with
references;
The Prospective Purchase will provide evidence of the scope of the
administrative support it has in place to facilitate the collection, execution,
payment, accounting, allocation, distribution and release of Delinquent Tax Liens;
A statement in which the Prospective Purchaser represents that it is neither
under any legal disability nor subject to any threatened or pending litigation which
would adversely affect its ability to perform any of the duties or obligations
imposed upon it by this RFP or by the Assignment Agreement.
Evaluation and Award
The City shall award the Assignment Agreement to the Prospective Purchaser whose
proposal is deemed to be in the best interests of the City. The City reserves the right to
withdraw, extend, re-offer or amend this RFP at any time. The City may in its sole
discretion, reject any or all bids received or waive any defects in the same.
The parties will execute and deliver the Assignment Agreement and all other closing
documents required by the City on the closing date in return for the Purchase Price bid

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