Request For Qualifications For The Position Of Financial Advisor To The Town Of Kearny To Review Applications By Redevelopers For Payments In Lieu Of Taxes

Announcement Type: 

LEGAL NOTICE

REQUEST FOR QUALIFICATIONS FOR THE POSITION OF FINANCIAL ADVISOR

TO THE TOWN OF KEARNY TO REVIEW APPLICATIONS BY REDEVELOPERS FOR PAYMENTS IN LIEU OF TAXES

 

NOTICE IS HEREBY GIVEN, that pursuant to N.J.S.A. 19:44A-20.5 et seq. the Town of Kearny shall pursue a “Fair and Open Process” in awarding a contract for the position set forth below, for calendar year 2018 and hereby solicits qualifications in the form of resumes and letter applications directed to the Town of Kearny, which shall be submitted to the Town Clerk at 402 Kearny Avenue, Kearny, NJ 07032, together with documentation showing qualifications and compliance with criteria set forth by the Town and by State Statute.  All qualifications shall be submitted in a sealed envelope marked “RFQ FOR FINANCIAL ADVISOR” addressed to the Town Clerk, to be received no later than 10:00 a.m. on January 23, 2018. Two (2) originals must be submitted. Non-bound submissions are preferred. Prior to submission of qualifications interested parties should review the attached criteria that will be used by the Town to evaluate proposals. 

All bidders are required to comply with N.J.S.A. 10:5-31 and N.J.A.C. 17:27-1 et seq. (State affirmative action/equal opportunity laws) and Town of Kearny Ordinance 2007-(O)-41; as amended (payment of living wages and medical benefits for employees). Each professional is also required to have on file a current Business Registration Certificate. Each professional shall submit with its proposal a complete and fully executed Non-Collusion Affidavit in the form attached as Appendix A and the Statement of Ownership Disclosure in the form attached as Appendix B. The Town reserves the right to waive any omissions in the proposals and/or reject proposals for some or all of the positions and/or to award contracts for some or all of the positions listed below.

Qualifications for the following position is hereby requested:

            Financial Consultant – The Financial Consultant is compensated on an hourly basis for reviewing applications made by redevelopers under the Long-Term Tax Exemption Law for Payments In Lieu of Taxes (“PILOT”). Review includes analysis of whether the proposed project(s) require a PILOT to be economically viable and whether the PILOT amounts proposed by Redeveloper are financially beneficial to the Town.  This Contract may be awarded as an Extraordinary, Unspecifiable Service Contract.

 

Patricia Carpenter, Clerk

Town of Kearny

 TOWN OF KEARNY

CRITIERIA FOR SUBMISSION OF QUALIFICATIONS FOR FINANCIAL ADVISOR TO THE TOWN OF KEARNY FOR THE YEAR 2018 UNDER THE

FAIR AND OPEN PROCESS

 

            NOTICE IS HEREBY GIVEN, to all applicants for positions set forth more fully in a notice of publication soliciting request for qualifications shall take into consideration the following factors, which will be weighed by the Mayor and Council of the Town of Kearny as the basis of awarding contracts for professional services most advantageous to the Town:

I.                   Resume and letter application and proposal for professional position including all documentation that provides the following for evaluation by the Mayor and Council:

a.          Familiarity with the Town of Kearny and its form of government.

b.         Experience and reputation in the field for the position sought.

c.          Knowledge of the Long Term Tax Exemption Law and the requirements/limitations therein.

d.         Availability to accommodate all required meetings of the Town.

e.         Compensation proposal (to be on an hourly basis).

f.          Such other factors deemed to be in the best interest of the Town of Kearny.

II.                The term of said contract shall be for the period commencing January 25, 2018 and terminating December 31, 2018.

III.             All proposals shall include the complete and executed Non-Collusion Affidavit attached as Appendix A and the Statement of Ownership Disclosure attached as Appendix B.

IV.             Selection shall be based on the Mayor and Council’s evaluation of the submitted material in the criteria set forth in this document.

V.                Submit all materials in a sealed envelope marked “RFQ FOR FINANCIAL ADVISOR” addressed to Town Clerk, Town of Kearny at 402 Kearny Avenue, Kearny, NJ 07032 to be received on or before 10:00 a.m. on January 23, 2018. Two (2) originals must be submitted.  Non-bound submissions are preferred.

 

Patricia Carpenter, Clerk

Town of Kearny

Click here for the ownership Disclosure form 

 

Click here for the Non Collusion Affidavit form