Municipal Financial Advisor RFP

Description

North Penn School District 401 East Hancock Street Lansdale, PA 19446 www.npenn.org REQUEST FOR PROPOSALS (RFP) MUNICIPAL FINANCIAL ADVISOR 1. INTENT & BACKGROUND North Penn School District (the “District”) is soliciting proposals from qualified licensed full service municipal financial advisor firms (the “FA”) to assist the District with the structure and issuance of General Obligation Bonds whether through a competitive or a negotiated sale process and other items as designated by the Administration. The District is located in the north-central section of Montgomery County, Pennsylvania, and a small portion of the southern central Bucks County, Pennsylvania and is comprised of the municipal subdivisions of the Boroughs of Hatfield, Lansdale and North Wales and the Townships of Hatfield, Montgomery, Towamencin and Upper Gwynedd, all located in Montgomery County and a small portion of the Townships of Hilltown and New Britain located in adjacent Bucks County, Pennsylvania. The District presently owns thirteen elementary schools, three middle schools, one high school, a credit recovery school, a Support Services Center and an Educational Service Center (administration building). Students in grades 9-12 also attend the North Montgomery County Area Vocational Technical School. The District has approximately 12,700 students. Additional information may be obtained by visiting the District’s website at www.npenn.org. The District has engaged the services of The Schrader Group to perform a master plan and campus programming study for the North Penn High School located at 1340 S. Valley Forge Road in Lansdale. The results of the study may lead to a large-scale new construction/renovation project on the high school campus with initial cost estimates at approximately $300 million. Feasibility and financing options will be the subject of several community forums tentatively planned to commence in October, 2022. The District’s current debt service structure is outlined in the attached Exhibit A. The District’s Official Statement for its last new money borrowing is attached as Exhibit B. 2. QUALIFICATION REQUIREMENTS The FA retained by the District shall meet or exceed the following minimum qualifications: 2.1 The FA retained must be properly licensed to practice in the Commonwealth of Pennsylvania.