SOUTH AMBOY REDEVELOPMENT AGENCY
PUBLIC NOTICE
SFY 2027 RFQ FINANCIAL ADVISOR
Notice is hereby given that the South Amboy Redevelopment Agency ("SARA" or the "Agency")
will be seeking qualifications for the provision of professional services. The qualifications are being sought
as part of a fair and open process being undertaken by the Agency pursuant to N.J.S.A 19:44-20.4 et seq.
Pursuant to the Agency's policy this Public Notice shall be advertised on the City of South Amboy's internet
website within ten (10) days of receipt of responses from interested parties.
Responses to provide the services will be received by the South Amboy Redevelopment Agency,
140 N. Broadway, South Amboy, New Jersey, 08879 until 1 pm prevailing time on Thursday, May 28, 2026
at which time the responses will be publicly opened and the name of the responder shall be read aloud.
FINANCIAL ADVISOR. The Agency is seeking professional services as Financial Advisor for the
redevelopment activities of the Agency, effective July 1, 2026 and continuing through June 30, 2027. The
minimum threshold criteria that will be utilized for the evaluation for the responses shall be as follows:
a) Evidence of professional liability insurance;
b) Direct representation of governmental entities in the field of redevelopment, with a particular
emphasis on Redevelopment authorities, for a minimum of ten (10) years;
c) Experience in providing advice and recommendations in the review of capital project requests
and trimming and issuing of debt instruments by public bodies;
d) Knowledge of the City of South Amboy, the Agency and its redevelopment projects;
e) Ability to accommodate any required meetings of the Agency;
f) Compensation proposal;
g) Any other factors demonstrated to be in the best interest of the Agency.
In addition to the criteria set forth above, all responses must include the following:
a) Full name and business address.
b) List of licensed professionals employed.
c) Confirmation of authority to do business in the State of New Jersey
d) List of public entities served by business entity including dates of service.
All interested parties should contact Kelly Wolff at wolffk@southamboynj.gov to request a submission
packet, or dial 732.525.5929.
Responses shall be reviewed by the Agency according to the above criteria. SARA will award the contract
pursuant to this fair and open process by Resolution at a public meeting.
The Agency reserves the right to reject any and all submissions.
Individuals and/or firms are to submit one original and one (1) USB of their responses in a sealed
envelope clearly marked with the words “SARA RFQ-FINANCIAL ADVISOR” Attn: Kristal Manion,
QPA, The South Amboy Redevelopment Agency, 140 N. Broadway, South Amboy, NJ 08879 by
Thursday, May 28, 2026 at 1pm.
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GLOSSARY
The following definitions shall apply to and are used in this Request for Qualifications:
“Agency” – refers to the South Amboy Redevelopment Agency, its officers and elected and
appointed officials, employees and advisors and consultants.
"Due Date" - refers to the date and time by which Qualification Statements must be received by the
Redevelopment Agency in order to be considered for award of the contract or position.
"Qualification Statement" - refers to a Respondent’s complete response to this RFQ.
"Qualified Respondent" - refers to those Respondents who (in the sole judgment of the
Redevelopment Agency) have satisfied the qualification criteria set forth in this RFQ.
"RFQ" - refers to this Request for Qualifications, including any amendments thereof or
supplements thereto.
"Respondent" or "Respondents" - refers to the interested individuals and firms that submit
Qualification Statements.
“Services” – refers to the professional services the Redevelopment Agency seeks in this RFQ
process.
“Successful Respondent” – refers to the Respondent selected by the Redevelopment Agency to
perform the Services.
SECTION 1
INTRODUCTION AND GENERAL INFORMATION
1.1 Introduction and Purpose.
The Redevelopment Agency is soliciting Qualification Statements from interested persons and/or
firms for the provision of the professional services described herein. Through a Request for Qualification
process, persons and/or firms interested in assisting the Redevelopment Agency with the provision of such
services must prepare and submit a Qualification Statement in accordance with the procedure and schedule
in this RFQ. The Redevelopment Agency will review only Qualification Statements that include all the
required information as described herein. The Redevelopment Agency intends to qualify persons and/or
firms that (a) possess the professional capabilities to provide the proposed services; (b) will agree to work
under the compensation terms and conditions set forth; and (c) have demonstrated the capability and
willingness to provide high quality services to the Redevelopment Agency.
1.2 Procurement Process and Schedule.
The selection of Qualified Respondents is subject to the New Jersey Local Unit Pay-to-Play Law,
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N.J.S.A. 19:44A-20A et seq. The Redevelopment Agency has structured a competitive procurement process
which insures that anyone interested in providing the services sought has an opportunity to submit a
Qualification Statement in response to this RFQ. The Redevelopment Agency will evaluate responses to
this RFQ in accordance with the criteria set forth in Section 5. Based upon the totality of the information
contained in the Qualification Statement, and from the Respondents’ references, the Redevelopment
Agency will determine which Respondents are qualified. Each Respondent that meets the requirements of
the RFQ (in the sole judgment of the Redevelopment Agency) will be designated as a Qualified Respondent,
and will be considered for selection by the Redevelopment Agency.
The RFQ process commences with the issuance of this RFQ. The steps involved in the process and
the anticipated completion dates are stated in the Anticipated Procurement Schedule. The Redevelopment
Agency reserves the right to, among other things, amend, modify or alter the Procurement Schedule upon
notice to all potential Respondents who have provided contact information to the Agency upon receipt of
this RFQ.
Qualification Statements must be received by the Redevelopment Agency’s Designated
Contact Person, via mail or hand delivery, by 1:00PM prevailing time on Thursday, May 28, 2026.
Qualification Statements received after 1:00 PM on Thursday, May 28, 2026 will be returned
unopened.
All communications concerning this RFQ or the RFQ process shall be directed to the
Redevelopment Agency’s Designated Contact Person, in writing. The Designated Contact Person is:
Kelly Wolff at wolffk@southamboynj.gov or 732.525.5929.
ANTICIPATED PROCUREMENT SCHEDULE
ACTIVITY
DATE
1. Issuance of Request for Qualifications
May 28, 2026
2. Receipt of Qualification Statements/ Due Date
May 28, 2026
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Completion of Evaluation of Qualification Statements
on or about June 4, 2026
4. Award of Professional Service Agreement
June 4, 2026
1.3 Conditions Applicable to RFQ.
Upon submitting a Qualification Statement in response to this RFQ, the Respondent acknowledges
and consents to the following conditions:
•
This document is an RFQ and does not constitute an RFP.
•
This RFQ does not commit the Redevelopment Agency to issue an RFP.
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•
All costs incurred by the Respondent in connection with responding to this RFQ shall be
borne solely by the Respondent. There shall be no claims whatsoever against the
Redevelopment Agency, its staff or consultants for reimbursement or payment of costs or
expenses incurred in the preparation of the Qualification Statement or other information
required by the RFQ.
•
The Redevelopment Agency reserves the right to reject for any reason any and all responses
and components thereof.
•
The Redevelopment Agency reserves the right to reject any Respondent that submits
incomplete responses to this RFQ, or a Qualification Statement that is not responsive to the
requirements of this RFQ.
•
The Redevelopment Agency reserves the right, without prior notice, to supplement, amend,
or modify this RFQ, or to request additional information.
•
All Qualification Statements shall become the property of the Redevelopment Agency and
will not be returned.
•
All Qualification Statements will be made available to the public at the appropriate time,
as determined by the Redevelopment Agency in accordance with law.
•
Any Qualification Statements not received by the Redevelopment Agency timely will be
rejected.
•
The Redevelopment Agency shall not be liable for any claims or damages alleged to have
been incurred as a result of this RFQ process, including the Redevelopment Agency’s
review of Qualification Statements and its award of contracts.
1.4 Rights of Redevelopment Agency.
The Redevelopment Agency reserves the following rights with regard to this RFQ and the
procurement process in accordance with the provisions of applicable law:
•
To determine that any Qualification Statement received complies or fails to comply with
the terms of this RFQ.
•
To supplement, amend or otherwise modify the RFQ through issuance of addenda to all
prospective Respondents who have received a copy of this RFQ.
•
To waive any technical non-conformance with the terms of this RFQ.
•
To change or alter the schedule for any events called for in this RFQ upon the issuance of
notice to all prospective Respondents who have received a copy of this RFQ.
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•
To conduct investigations of any or all of the Respondents, as the Redevelopment Agency
deems necessary or convenient, to clarify the information provided as part of a
Qualification Statement, and to request additional information to support the information
included in any Qualification Statement.
• To suspend or terminate the procurement process described in this RFQ at any time,
commence a new procurement process, or exercise any other rights provided under
applicable law without any obligation to the Respondents.
The Redevelopment Agency shall be under no obligation to complete all or any portion of the
procurement process described in this RFQ.
1.5 Addenda or Amendments to RFQ.
After the issuance of the RFQ, but no later than five (5) business days prior to the Due Date, the
Redevelopment Agency may issue addenda, amendments or answers to written inquiries. Addenda will be
noticed by the Redevelopment Agency and will constitute a part of the RFQ. All responses to the RFQ
shall be prepared with full consideration of any addenda issued.
1.6 Proposal Format.
Responses should cover all information requested in Section 3 of this RFQ. Responses that do not
meet the requirements of the RFQ or which are in any way conditional, incomplete, obscure, contain
additions or deletions from requested information, or contain errors may be rejected.
SECTION 2
SCOPE OF SERVICES
The Agency seeks Qualification Statements from Respondents that have expertise in the provision
of Financial Advisor Services. Respondents must be able to demonstrate that they have and will continue
to have the capabilities to perform the Services.
The Agency shall expect the successful Respondent to:
a. Provide advice and prepare reports, presentations and research on redevelopment for the
Agency, commissioners and professionals as requested;
b. Assist the Agency on Redevelopment rules and regulations;
c. Represent the Agency as directed in meetings with state agencies, Middlesex County and
other municipalities;
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This page summarizes the opportunity, including an overview and a preview of the attached documents.
