REQUEST FOR PROPOSAL ON REFINANCING OUTSTANDING DEBT

REQUEST FOR PROPOSAL ON REFINANCING OUTSTANDING DEBT

The Borough is seeking Request for Proposals (RFP) to select a lender/financial institution that can satisfy and refinance the Borough’s existing General Obligation Notes/Bonds.  The awarded proposal will guide the Borough in potentially satisfying some existing debt, and refinancing the remaining balance(s).

The Borough is requesting that each respondent competitively bid its services. This RFP will define the scope of the work to be performed, the most beneficial scenarios for the Borough, and a schedule/time table based on submitted data.  The Borough does reserve the right to modify and/or cancel this solicitation at any time during the RFP process.

To receive the complete RFP (and debt schedules) and for any additional information relating to the proposal or questions may be directed to Mark Burton, Borough Treasurer by Phone: (570) 343-7611, extension 102; Fax: (570)343-8107, Email: Mark.Burton@DunmorePa.gov.

Request for Proposals will be submitted by Friday, June 5, 2020, close of business to the Dunmore Borough Building, c/o Vito P. Ruggiero, Municipal Administrator/Secretary, 400 South Blakely Street, Dunmore, Pennsylvania 18512.