The Township of Deptford seeks to appoint an individual, or firm, as the Township Bond Counsel for items and requirements listed below. Mandatory Minimum Requirements/Duties: 1. Provide legal services on general public finance matters, i.e. preparation of bond ordinances, etc. 2. Provide legal services in connection with the issuance of short-term obligations, as set forth in Subsection 4 below. 3. Provide legal services in connection with the issuance of long-term obligations, as set forth in Subsection 4 below. 4. With respect to the issuance of short-term obligations (“Notes”) and long-term obligations (“Bonds”), Bond Counsel will undertake the following tasks as applicable and appropriate. a. Meet with Township officials, including its counsel, auditor and others, as often as necessary for the issuance of the Bonds or Notes and items related thereto. b. Review or draft all authorizing and operative financial documents necessary to effectuate the transaction. In developing a financing plan, Bond Counsel will give advice with respect to tax law, securities law and state law consequences and will review the proposed use of the proceeds of the Bonds or Notes to ensure compliance with the provisions of the Internal Revenue Code and the regulations promulgated thereunder. c. Attend meetings with rating agencies and/or insurance companies, necessary, to assist in obtaining a credit rating for the Bonds or Notes. d. Prepare all applications and filings and appear before the appropriate state agencies, if necessary, in connection with the sale of the Bonds or Notes. 5. After the sale of the Bonds or Notes, Bond Counsel will prepare and arrange for the preparation of the Bonds or Notes for execution, will prepare and oversee the execution of the necessary closing certifications and will establish a time and place for delivery of the Bonds or Notes to the purchaser. Bond Counsel will attend the closing with appropriate Township officials, at which time the Bonds or Notes will be delivered, payment will be made for the Bonds or Notes and Bond Counsel will issue a written legal opinion based on facts and laws existing as of said date that: The Bonds or Notes are legal, valid and binding obligations of the Township enforceable in accordance with the terms thereof; and are subject to certain limitations which may be expressed in the opinion, the interest on the Bonds or Notes will be: • excluded from gross income for federal income tax purposes; and • exempt from New Jersey income tax
