SOUTH AMBOY REDEVELOPMENT AGENCY
PUBLIC NOTICE
SFY 2026 RFQ FINANCIAL ADVISOR
Notice is hereby given that the South Amboy Redevelopment Agency ("SARA" or the "Agency") will be seeking qualifications for the provision of professional services. The qualifications are being sought as part of a fair and open process being undertaken by the Agency pursuant to N.J.S.A 19:44-20.4 et seq. Pursuant to the Agency's policy this Public Notice shall be advertised on the City of South Amboy's internet website within ten (10) days of receipt of responses from interested parties.
Responses to provide the services will be received by the South Amboy Redevelopment Agency, 140 N. Broadway, South Amboy, New Jersey, 08879 until 1 pm prevailing time on Wednesday, May 28, 2025 at which time the responses will be publicly opened and the name of the responder shall be read aloud.
FINANCIAL ADVISOR. The Agency is seeking professional services as Financial Advisor for the redevelopment activities of the Agency, effective July 1, 2025 and continuing through June 30, 2026. The minimum threshold criteria that will be utilized for the evaluation for the responses shall be as follows:
a) Evidence of professional liability insurance;
b) Direct representation of governmental entities in the field of redevelopment, with a particular emphasis on Redevelopment authorities, for a minimum of ten (10) years;
c) Experience in providing advice and recommendations in the review of capital project requests and trimming and issuing of debt instruments by public bodies;
d) Knowledge of the City of South Amboy, the Agency and its redevelopment projects;
e) Ability to accommodate any required meetings of the Agency;
f) Compensation proposal;
g) Any other factors demonstrated to be in the best interest of the Agency.
In addition to the criteria set forth above, all responses must include the following:
a) Full name and business address.
b) List of licensed professionals employed.
c) Confirmation of authority to do business in the State of New Jersey
d) List of public entities served by business entity including dates of service.
All interested parties should contact Kelly Wolff at [email protected] to request a submission packet, or dial 732.525.5929.
Responses shall be reviewed by the Agency according to the above criteria. SARA will award the contract pursuant to this fair and open process by Resolution at a public meeting.
The Agency reserves the right to reject any and all submissions.
Individuals and/or firms are to submit one original and one (1) CD of their responses in a sealed envelope clearly marked with the words “SARA RFQ-FINANCIAL ADVISOR” Attn: Kristal Manion, QPA, The South Amboy Redevelopment Agency, 140 N. Broadway, South Amboy, NJ 08879 by Wednesday, May 28, 2025 at 1pm.