$10,075,000 BOND ANTICIPATION NOTES, SERIES 2022A - Notice of Sale

The Township of Little Egg Harbor, located in Ocean County, New Jersey, is actively soliciting proposals for the sale of $10,075,000 Bond Anticipation Notes, Series 2022A. This Notice of Sale invites qualified financial institutions and underwriters to submit bids for the purchase of these non-callable general obligation notes. The objective is to secure crucial financing for the Township, with the selection criteria primarily focused on achieving the lowest net interest cost. The notes are designated to be issued on February 9, 2022, with a maturity date exactly one year later, on February 9, 2023. The full faith and credit of the Township are pledged for the punctual payment of principal and interest, ultimately supported by ad valorem taxes levied on all taxable property within the Township. Prospective bidders, typically experienced financial underwriters, are required to submit a firm offer to purchase the entirety of the $10,075,000 Notes at a price not less than par, specifying a single interest rate for the entire issue. While the document does not explicitly state specific state contractor registrations, the nature of municipal bond sales implicitly requires bidders to be established financial entities with a reputable industry presence for underwriting new municipal note issuances. The competitive sale requirements outlined in the solicitation emphasize an open process designed to reach numerous potential underwriters and ensure equitable bidding opportunities. There are no mandatory pre-bid meetings, site visits, or specific licensing (e.g., NJ Public Works Contractor Registration) explicitly detailed for this financial solicitation, as the focus is on financial capability and competitive interest rates. Detailed proposals must be received by January 26, 2022, at 11:00 a.m. New Jersey time. Bids can be submitted via facsimile to Anthony Inverso at (609) 291-9940, via email to ainverso@muniadvisors.com, UNLOCK or electronically through the PARITY Electronic Bid System. Bidders are solely responsible for ensuring the timely and complete receipt of their submissions, with incomplete or late bids, especially those affected by transmission issues, not being accepted. The official bid form, attached as Exhibit A, must be used and signed. The successful bidder will be obligated to assist the Township in establishing the issue price of the Notes and will execute required certificates at closing, including those pertaining to public offering and sales. While no traditional bid security or performance bond is mentioned, the submitted bid constitutes a firm offer to purchase. For further clarification, interested parties should contact Rodney Haines, Chief Financial Officer, at (609) 296-7241 x226, or Anthony Inverso, Municipal Advisor, at (609) 291-0130.