RFP-DM-2021 - Clean Water State Revolving Fund (CWSRF) Bond Administrative Services

The Charter Township of Independence is located in Northern Oakland County along the I-75 corridor. It encompasses a six-mile by six-mile area and has a population of approximately 36,000 citizens. The Township is primarily made up of low-density residential developments but has experienced some commercial and industrial development over the past several years. The current general fund budget is approximately $7 million.
The Township intends to secure an estimated $4 million in FY2022 3rd QTR Clean Water State Revolving Funds to cover the costs for the Hidden Lane, Meyers, and Majors Sanitary Pump Station Improvements. The project consists of complete rehabilitation of three sites built in the early 1970’s
The Township intends to make debt service payments for this bond with Sewer Enterprise Fund revenue.
The Township is looking for a Registered Municipal Advisor bonding agency/consultant AND bond legal counsel to prepare all necessary materials for issuance of the bonds and to completely administer and fully advise the Township regarding all aspects of this bonding process, from both a legal and financial/bonding consultant perspective.
The Charter Township of Independence invites prospective, qualified bonding agencies/consultants and bond counsel, jointly or separately, to submit responses to its request for proposals (RFP) for the project.