Notice of Sale of $10,075,000 Bond Anticipation Notes, Series 2022A

The Township of Little Egg Harbor, in Ocean County, New Jersey, is soliciting proposals for the sale of $10,075,000 Bond Anticipation Notes, Series 2022A. This procurement seeks qualified financial institutions or underwriters to purchase these non-callable general obligation notes. The complete scope of work involves bidders submitting proposals for the entire principal amount of Notes at a price not less than par, specifying a single interest rate. The objective is to secure the lowest net interest cost to the Township, thereby efficiently managing municipal debt and financing various public projects and capital improvements. These notes represent a critical component of the Township's financial strategy, ensuring liquidity for ongoing and future municipal expenditures. Prospective bidders, typically underwriters with established industry reputations for municipal note issuances, are expected to demonstrate the capability to purchase the $10,075,000 Notes. No specific state licenses like NJ Public Works Contractor Registration are required for this financial instrument sale. Mandatory requirements include assisting the Issuer in establishing the issue price of the Notes and executing an "issue price" certificate at closing, which may involve complying with specific Treasury Regulation Section 1.148-1(f)(3)(i) competitive sale requirements, the 10% test, or the hold-the-offering-price rule for tax-exempt bond compliance. Successful bidders must also be aware of their responsibility to file an annual disclosure statement with the New Jersey Election Law Enforcement Commission (ELEC) if aggregated compensation from public entities exceeds $50,000 in a calendar year, as per N.J.S.A. 19:44A-20.13. There are no mandatory pre-bid meetings or site visits specified for this process. Bids must be submitted on the official bid form (Exhibit A) and can be delivered via facsimile to (609) 291-9940 (Attention: Anthony Inverso), via email to ainverso@muniadvisors.com, UNLOCK or electronically through the PARITY Electronic Bid System. The firm submission deadline is January 26, 2022, at 11:00 a.m., New Jersey time; no telephone bids will be accepted, and bidders assume all risk for timely receipt of faxed or emailed bids. A determination on the award will be made no later than 1:00 p.m. on the Bid Date. There is no bid security or performance bond requirement specified; however, bids must be for not less than the par amount of the Notes. For further information, bidders may contact Anthony Inverso, Municipal Advisor at Phoenix Advisors, LLC, at (609) 291-0130, or Rodney Haines, Chief Financial Officer of the Township, at (609) 296-7241, extension 226.