Provide Master Lease Lending Services

Back Print
Agency: City of Anchorage
State: Alaska
Level of Government: State & Local
Category:
  • W - Lease or Rental of Equipment
Opps ID: NBD10077396552316079
Posted Date: Mar 22, 2024
Due Date: Apr 5, 2024
Solicitation No: 2024P015
Source: Members Only

Attachment Preview

DocuSign Envelope ID: F9263C77-93A0-4CC5-97C0-6A2A33C587F2
Municipality of Anchorage
Dave Bronson, Mayor
Purchasing Department
March 21, 2024
REQUEST FOR PROPOSAL
RFP 2024P015
Provide Master Lease Borrowing Program
The Municipality of Anchorage is an equal opportunity employer.
Enclosed is pertinent information for use in preparing your proposal.
Pre-Proposal Conference:
Site Visit:
Questions Due:
Proposals Due:
N/A
N/A
12:00 P.M. Local Time, March 27, 2024
12:00 P.M. Local Time, April 5, 2024
ONE SIGNED ORIGINAL, single sided, unbound, and five copies of your proposal must be
submitted. In addition to the copy, a flash-drive containing a PDF copy of the complete proposal,
including attachments must also be provided.
If applicable, the call-in phone number for Pre-Bid Conferences is 907-343-6089. Conference
lines are opened 5 minutes prior to the Pre-Bid Conference times. To attend meetings in
person; you may do so at 632 W. 6th Avenue, Suite 520, Anchorage, AK 99501. FOR AUXILIARY
AIDS, SERVICES, OR SPECIAL MODIFICATIONS TO PARTICIPATE PLEASE CONTACT THE
PURCHASING DEPARTMENT TO REQUEST REASONABLE ACCOMMODATIONS AT 907-343-4590;
OR wwpur@muni.org
For further information contact Purchasing at (907) 343-4590 or email wwpur@muni.org. All
correspondence should include the RFP number and title.
The Municipality of Anchorage reserves the right to reject any and all proposals and to waive
any informalities in procedures.
Sincerely,
Chris Hunter
Deputy Purchasing Director
632 West 6th Ave., Suite 520 | Mail: P.O. Box 196650 | Anchorage, Alaska 99519-6650 | www.muni.org | Phone: 907-343-4590
DocuSign Envelope ID: F9263C77-93A0-4CC5-97C0-6A2A33C587F2
Request for Proposal (RFP)
Provide Master Lease Borrowing Program
2024P015
Section 1 - General Information
Section 2 - Rules Governing Competition
Section 3 - Scope of Services
Section 4 - Proposal and Submission Requirements
Section 5 - Evaluation Criteria and Process
Section 6 - Selection Process
Section 7 - Sample Contract
Section 8 - Attachments
1.0 GENERAL INFORMATION
1.1 Purpose
The Municipality of Anchorage (MOA) is seeking proposals from qualified financial
institutions interested in providing a line of credit program in the form of tax-exempt
or taxable master lease agreement to procure capital assets or capital improvements
for the MOA at the lowest cost of capital. This program will allow the MOA to plan its
leased equipment acquisitions over the next several years including buses for the
ASD, IT equipment including desktop and laptop computers, servers, software
licensing agreements, and software upgrades.
The MOA will only consider proposals from experienced financial institutions. To be
considered responsive, every Respondent must meet the minimum
requirements listed in Section 4.4.1 of this Request for Proposal (RFP).
MOA intends to have a group of two or more commercial banks to solicit interest in
financing MOA’s individual capital projects. MOA envisions to enter into two or more
Master Lease agreements, each having a credit limit of $20 to $50 million, with
aggregate Master Lease agreements with all banks to not exceed $100 million.
RFP 2024P015
Provide Master Lease Lending Services
Page 1 of 17
DocuSign Envelope ID: F9263C77-93A0-4CC5-97C0-6A2A33C587F2
1.2 Background
Municipality of Anchorage
In 1975, the citizens of the Anchorage area ratified a Home Rule Charter for a unified
municipal government. Under the Municipal Charter, the City of Anchorage,
incorporated in 1920, the Greater Anchorage Area Borough, incorporated in 1964,
and two small, incorporated communities, Girdwood, and Glen Alps, were dissolved
as of September 15, 1975, and the MOA became their legal successor. The area of
the MOA is coterminous with the area of the former Greater Anchorage Area Borough
and totals approximately 1,944 square miles. The MOA is Alaska’s most populous
city and the state’s chief commercial center. The MOA encompasses the urban core
and Joint Base Elmendorf Richardson (“JBER”).The MOA is at the terminus of the
Cook Inlet, on a peninsula formed by the Knik Arm to the north and the Turnagain
Arm to the south. The MOA is situated on a broad plain at the head of Cook Inlet in
Southcentral Alaska.
Organization
The chief executive officer of the MOA is the Mayor, who is elected at large to a three-
year term and who may not serve more than two consecutive terms. Subject to
confirmation by the Assembly, the Mayor appoints the Municipal Manager, the
Municipal Attorney, the Chief Fiscal Officer and all heads of municipal departments.
The Mayor may participate, but may not vote, in meetings of the Assembly. The
Mayor may veto ordinances passed by the Assembly, and veto, strike or reduce
budget or appropriation measure line items. A minimum of eight (8) of the twelve
(12) members of the Assembly must vote to override a veto by the Mayor.
The legislative power of the MOA is vested in the Assembly comprised of twelve (12)
members, elected by district, to three-year terms and who may not serve more than
three consecutive terms. The presiding officer of the Assembly is the Chairperson,
who is elected annually from and by the membership of the Assembly. The Assembly
appoints the Municipal Clerk.
Municipal services are provided through geographic service areas. Each service
area is treated as an individual taxing unit although only the MOA can levy taxes.
Certain services of the MOA -- education, planning and zoning, health services,
animal control, environmental quality, taxing and assessing, emergency medical
service and public transportation -- are provided area-wide. The ad valorem tax rate
for these services is uniform throughout the MOA. In addition, geographic service
areas consisting of only part of the area within the MOA have been created for such
purposes as fire protection, police protection, road maintenance, parks and
recreation, building safety, etc. As a result, the total tax rate applicable to any given
parcel of property is the sum of the MOA-wide levy rates plus the rates for the special
purpose service areas within which that parcel is located.
RFP 2024P015
Provide Master Lease Lending Services
Page 2 of 17
DocuSign Envelope ID: F9263C77-93A0-4CC5-97C0-6A2A33C587F2
Pursuant to the Municipal Charter, the MOA owns and operates a number of utilities
as enterprise funds. These utilities include the Refuse Collection Utility, Solid Waste
Disposal Utility, Water Utility, and Wastewater Utility, (referred to as Anchorage
Water & Wastewater Utility). The utilities finance capital expansion, in part, with the
proceeds of bonds, primarily revenue bonds, and the debt service on which is paid
by the users of the respective utilities. The MOA also owns and operates the Don
Young Port of Alaska and Merrill Field, the municipal airport.
Current long-term ratings assigned to the MOA’s general obligation by S&P Global
(S&P) and Fitch are AA and AA, respectively.
Please visit our website at https://www.muni.org/ for more information about the
MOA, including all recent Annual Comprehensive Financial Reports (ACFRs) and
our most recent official statements. More detailed and specific information may be
found on the EMMA website at https://emma.msrb.org/.
The MOA is an equal opportunity employer.
Anchorage School District
The Anchorage School District (ASD) is a component unit of, and encompasses the
same area as, the MOA. ASD’s operations are governed by a board (the “School
Board”), comprised of seven (7) members elected at large to three-year terms. The
School Board is responsible for the formulation of policy for the operation of the
schools and the general supervision of ASD’s fiscal affairs, including the preparation
of the annual budget and the six-year program for capital improvements. The budget
is subject to approval by the Assembly. The Assembly has the authority to alter only
the total amount of the budget. The Assembly approves the budget as amended and
appropriates the necessary funds for the local share of school support at least 60
days prior to the end of the fiscal year of the ASD, which is June 30. Since ASD does
not have the authority to levy taxes, the taxes to provide local support of education
are levied and collected by the MOA, which then transmits funds to ASD during the
fiscal year of the ASD to fund the appropriation. ASD does not have the authority to
issue debt and relies upon the MOA to issue debt for its purposes.
The School Board appoints school personnel including the Superintendent as chief
administrator officer for the ASD. The ASD employed 5,718 staff members as of
December 2023.
Further information regarding ASD can be found in our most recent 2022 General
Obligation Official Statement which can be found on the EMMA website at
https://emma.msrb.org/. We also encourage you to visit ASD’s website at
https://www.asdk12.org/.
RFP 2024P015
Provide Master Lease Lending Services
Page 3 of 17
DocuSign Envelope ID: F9263C77-93A0-4CC5-97C0-6A2A33C587F2
1.3 Questions
Any questions regarding this RFP are to be submitted in writing to:
Municipality of Anchorage
Purchasing Department
wwpur@muni.org
For ease of identification please identify the RFP number in the subject line of any
correspondence.
Purchasing Office hours of operation are: 8:00 a.m. to 5:00 p.m. local time Monday
through Friday, excluding Municipal holidays. All questions must be received prior
to the deadline indicated on the RFP cover letter.
1.4 Preparation Costs
The MOA will not be responsible for proposal preparation costs, nor for costs
including attorney fees associated with any (administrative, judicial, or otherwise)
challenge to the determination of the highest ranked Proposer and/or award of
contract and/or rejection of proposal. By submitting a proposal each Proposer agrees
to be bound in this respect and waives all claims to such costs and fees.
2.0 RULES GOVERNING COMPETITION
2.1 Examination of Proposals
Proposers should carefully examine the entire RFP and any addenda thereto, and
all related materials and data referenced in the RFP. Proposers should become fully
aware of the nature of the work and the conditions likely to be encountered in
performing the work.
2.2 Proposal Acceptance Period
Award of this proposal is anticipated to be announced within 45 calendar days,
although all offers must be complete and irrevocable for 90 calendar days following
the submission date.
2.3 Confidentiality
The content of all proposals will be kept confidential until the selection of the
Contractor(s) is publicly announced. At that time the selected proposal is open for
review. After the award of the Contract(s), all proposals will then become public
information.
RFP 2024P015
Provide Master Lease Lending Services
Page 4 of 17
This is the opportunity summary page. You are currently viewing an overview of this opportunity and a preview of the attached documentation. For more information, please visit the Publication URL Web page.

TRY FOR FREE

Not a USAOPPS Member Yet?

Get unlimited access to thousands of active local, state and federal government bids and awards in All 50 States.

Start Free Trial Today >