Bond Underwriting Services - RFP

ADVERTISEMENT FOR PROPOSALS

The Albany County Pine Hills Land Authority (“ACPHLA”) will receive sealed proposals for Bond Underwriting Services prior to 4:00 P.M. on Friday November 29, 2024. Proposals received after this time will not be accepted.

Bids will be received via sealed envelope addressed and delivered to the Albany County Pine Hills Land Authority, 111 Washington Avenue, Suite 100, Albany, NY 12210, Attn: Dylan Turek, Senior VP of Development and electronically by submitting to the e-mail address dturek@advancealbanycounty.com .

The Albany County Pine Hills Land Authority (hereafter referred to as the “Issuer” or “ACPHLA”) is seeking proposals from qualified firms to serve as underwriters for a possible bond issuance relating to the acquisition of assets owned by the College of St Rose in Albany New York. The Issuer is authorized by the State of New York and Albany County to issue up to $80 million in bonds for the purpose of acquiring the properties of the College of Saint Rose and all expenses relating to the administration, maintenance, security, operating and redevelopment of such properties by the ACPHLA.

The selected underwriter will assist the Issuer in the structuring, marketing, and distribution of the bonds and may serve in either a sole or co-manager capacity as determined by the Issuer.

The Albany County Pine Hills Land Authority (or ACPHLA) is a public benefit authority created at the behest of the Albany County Executive and Legislature for the purposes of acquiring, promoting, and repositioning the campus of the now closed College of Saint Rose to the highest and best use. Through its enacting legislation, the Authority is given certain powers and responsibilities, including the means to develop, fund, and implement a strategic plan for the College of Saint Rose’s campus and assets.

If an agreement is reached for ACHPLA to purchase the former college campus, it will utilize a portion of the revenue raised through the bond issuance to maintain and secure the properties to prevent blight, disrepair, or criminal activity, which could otherwise have a devastatingly negative impact on the Pine Hills neighborhood and community.

ACHPLA is staffed by employees of the Advance Albany County Alliance, LDC.

The full Request for Proposals Document will be available on the Advance Albany County Alliance website ( https://www.advancealbanycounty.com/about/acphla-documents/ ), the NYS Contract Reporter, and by email request to dturek@advancealbanycounty.com . All respondents are required to provide their contact information to the Alliance via email so that they can be informed of all necessary information, including notice of bid addenda (if needed).

Prospective bidders may request clarifications of the Bid Documents by contacting the project contact, Dylan Turek, at dturek@advancealbanycounty.com . All questions must be submitted via e-mail, no phone calls will be accepted. All e-mails must include "RFP# ACPHLA2401: Bond Underwriting" within the subject line. Questions received after 4:00 PM on Friday November 15, 2024 will not be answered.

Contract will be awarded by the Albany County Pine Hills Land Authority which reserves the right to waive any informalities or to reject any and all bids.

By order of the Albany County Pine Hills Land Authority.