CityNJ
Posted
Nov 1, 2026
Nov 24, 2026
Borough of Park Ridge Request for Qualifications For Entities Interested in Serving as "Financial Advisor for Current and Continuing SEC Disclosure Requirements" January 1, 2027 through December 31, 2027 Dated: November 1, 2026
Introduction The Borough of Park Ridge ("Borough") is soliciting Qualification Statements from interested persons and/or firms for the provision of Financial Advisor for SEC Disclosure Requirements with regard to past and future bonding services to the Borough as more particularly described herein. Through a Request for Qualification process described herein, persons and/or firms interested in assisting the Borough with the provision of such services must prepare and submit a Qualification Statement in accordance with the procedure and schedule in this RFQ. The Borough will review Qualification Statements only from those firms that submit a Qualification Statement which includes all the information required to be included as described herein (in the sole judgment of the Borough). The Borough intends to qualify person(s) and/or firm(s) that (a) possesses the professional, financial and administrative capabilities to provide the proposed services, and (b) will agree to work under the compensation terms and conditions determined by the Borough to provide the greatest benefit to the taxpayers of Park Ridge. The successful Respondent will be awarded a one (1) year professional services contract. The successful Respondent must have significant experience enabling the Respondent to provide financial advisor services to the Borough with regard to the Borough's past and future continuing disclosure requirements relating to outstanding and future bonds and other securities. The basic scope of services provided to the Borough shall include: experience and the ability to provide required financial advisor services that will enable the Borough to comply with all secondary bond market continuing disclosure requirements. Respondent shall be able to provide services to the Borough that will enable the Borough to comply with federal requirements regarding the issuance of necessary information while issuing new debt and any obligations of the Borough to continue to provide information while debt remains outstanding together with any other services necessary to insure the Borough's compliance with all federal requirements. Definitions The following definitions shall apply to and are used in this Request for Qualifications: "Borough" - refers to the Borough of Park Ridge. "Qualification Statement" - refers to the complete responses to this RFQ submitted by the Respondents. "Qualified Respondent" - refers to those Respondents who (in the sole judgment of the Borough) 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 firm(s) that submit a Qualification Statement. Procurement Process and Schedule. The selection of Qualified Respondents is not subject to the provisions of the Local Public Contracts Law, N.J.S.A. 40A:11-1 et seq. The selection is subject to the "New Jersey Local Unit Pay-to-Play" Law, N.J.S.A. 19:44A-20.4 et seq., however, the Borough has structured a procurement process that seeks to obtain the desired results described above, while establishing a competitive process to assure that each person and/or firm is provided an equal opportunity to submit a Qualification Statement in response to the RFQ Qualification Statements will be evaluated in accordance with the criteria set forth in this RFQ, which will be applied in the same manner to each Qualification Statement received. Qualification Statements will be reviewed and evaluated by the Borough and its legal and/or financial advisors (collectively, the "Review Team"). The Qualification Statements will be reviewed to determine if the Respondent has met the minimum professional, administrative and financial areas described in this RFQ. Under no circumstances will a member of the review team review responses to an RFQ for a job which they or their firm submitted a response. Based upon the totality of the information contained in the Qualification Statement, including information about the reputation and experience of each Respondent, the Borough will (in its sole judgment) determine which Respondents are qualified (from professional, administrative and financial standpoints). Each Respondent that meets the requirements of the RFQ (in the sole judgment of the Borough) will be designated as a Qualified Respondent and will be given the opportunity to participate in the selection process determined by the Borough. The RFQ process commences with the issuance of this RFQ. The steps involved in the process and the anticipated completion dates are set forth in Table 1, Procurement Schedule. The Borough reserves the right to, among other things, amend, modify or alter the Procurement Schedule upon notice to all potential Respondents. All communications concerning this RFQ or the RFQ process shall be directed to the Borough's Designated Contact Person, in writing. Designated Contact Person: Ms. Magdalena Giandomenico, CMC Administrator/Clerk Borough of Park Ridge 53 Park Avenue Park Ridge, New Jersey 07656 Qualification Statements must be submitted to, and be received by, the Borough, via mail or hand delivery, by 10:00 a.m. on November 24, 2026. Qualification Statements will not be accepted by facsimile transmission or e-mail. Subsequent to issuance of this RFQ, the Borough (through the issuance of addenda to all firms that have received a copy of the RFQ) may modify, supplement or amend the provisions of this RFQ in order to respond to inquiries received from prospective Respondents or as otherwise deemed necessary or appropriate by (and in the sole judgment of) the Borough. TABLE 1 ANTICIPATED PROCUREMENT SCHEDULE ACTIVITY DATE 1. Issuance of Request for Qualifications November 1, 2026. 2. Receipt of Qualification Statements November 24, 2026 by 10:00 a.m. 3. Opening of RFQ November 24, 2026 at 10:15 a.m. 4. Appointment of Special COAH Counsel on January 5, 2027, or thereafter. Professional Information and Qualifications (Selection of required submission content and information requests follow, including name of respondent; address and contact information; identification of assigned attorney; descriptions of education, experience and qualifications; municipal government references; record of success; staffing and timeliness; cost details and hourly rates; evidence of compliance with New Jersey affirmative action requirements; New Jersey Business Registration Certificate; copies of required professional federal and/or state licenses; narrative statement of understanding of Borough needs and goals; disclosure of immediate relatives employed by the Borough; judgments or bankruptcy history; certificate of insurance evidencing professional liability insurance with limits of not less than One Million Dollars ($1,000,000.00) each claim/$1,000,000 annual aggregate; and any other relevant information.) Selection Criteria The selection criteria used in awarding a contract or agreement for professional services as described herein shall include: 1. Qualifications of the individuals who will perform the tasks and the amounts of their respective participation; 2. Experience and references; 3. Ability to perform the task in a timely fashion, including staffing and familiarity with the subject matter; 4. Cost competitiveness; 5. Describe those portions of the Respondent's services, if any, that are sub-contracted out. Identify all subcontractors the Respondent anticipates using in connection with this project. Submission Requirements Please submit one original together with one submission in electronic form, either on computer disc or flash drive, of their Qualification Statement to the Designated Contact Person on or before 10:00 AM on November 24, 2026: Ms. Magdalena Giandomenico Borough Administrator/Clerk Borough of Park Ridge 53 Park Avenue Park Ridge, N.J. 07656 Qualification Statements will not be accepted by facsimile transmission or e-mail. Appendices (Letter of Qualification; Letter of Intent and form language and execution instructions) are provided in the RFQ for completion by Respondents.