Active SLED Opportunity · NEW YORK · CITY OF ALBANY
AI Summary
The City of Albany seeks proposals for Senior Managing Underwriter, Placement Agent, and Direct Purchaser services for a $16 million revenue anticipation note to support cash flow borrowing, with an anticipated closing in June 2026.
The purpose of this Request for Proposals is to identify and retain a qualified Contractor to provide as-needed professional Senior Managing Underwriter/Placement Agent/Direct Purchaser Services to the City of Albany. The City of Albany, County of Albany, New York (the "City") through the City Treasurer, the City's chief fiscal officer, is issuing this Request for Proposals in accordance with the City’s Procurement Policy for Senior Managing Underwriter, Placement Agent and/or Direct Purchaser. The City has historically been a regular, annual borrower, through the use of general obligation bonds and bond anticipation notes, and is now issuing this RFP specifically for senior managing underwriting, placement agent and/or direct purchaser services for the issuance of approximately $16 million revenue anticipation note for cash flow borrowings. The cash flow borrowing is anticipated to be issued as soon as necessary and the City may issue the cash flow borrowing on a competitive basis based on the timing of the cash flow needs of the City. The earliest anticipated closing date of the cash flow borrowing is June 25th, 2026 and is anticipated to be issued to June 25th, 2027, depending on financial circumstances, cash flow needs, and/or state aid. The City may, at its discretion, retain the same firm to serve as managing underwriter, placement agent and/or direct purchaser for any other obligations issued within a year of the award of this RFP. MWBE-Certified vendors are encouraged to submit proposals. **Solicitation Type**: RFP - Request for Proposal (Formal) **Source ID**: PU.AG.USA.2345.C13216926 **Piggyback Contract**: No **Questions are submitted online**: No **Bid Submission Type**: Electronic or Physical Bid Submission **Owner Organization**: City of Albany **Solicitation Number**: RFP 2026-11 **Reference Number**: 0000425404 **Pricing**: Lump sum **Bid Documents List**: | Item Name | Description | Mandatory | Limited to 1 file | |---|---|---|---| | Bid Documents | Documents defining the proposal | No | No |
SLED stands for State, Local, and Education. These are solicitations issued by state governments, counties, cities, school districts, utilities, and higher education institutions — as opposed to federal agencies.
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