RFP

Responses must be sent in PDF form via electronic mail to Karen Strunk at karen.strunk@indy.gov with reference to Indianapolis Bond Bank RFP-SW-2026-001 in the subject line of the email.

The response shall include the following:

• Cover Letter – not to exceed one page. The response should include a cover letter expressing the respondent’s interest in the Project and serve as a summary of the proposal.
• Responses from Term Sheet and Questions Below. Please limit responses to the questions below to 5 pages, plus term sheet and fee proposal.

  • Key Persons – The response should indicate the name, address, and telephone number for the primary contact person assigned to work with the Bond Bank. The response should also identify additional key members of the Respondent who would be assigned to work with the Bond Bank and the anticipated role of each member. Brief biographies of each directly involved individual should be included in the appendix.

  • Respondent’s Experience – The responses should describe the Respondent’s experience with interim municipal financing transactions since January 1, 2023, using the format below – this can appear in an appendix.   Please provide one reference with contact information for a relevant transaction.

    	Number of Programs	Dollar Volume Authorized	Dollar Volume Outstanding
    Draw Direct Placement or Revolver
    Tax-Exempt Commercial Paper Programs

  • Statement of Conflict of Interest – The response should identify any potential conflicts of interest and how the Respondent would resolve them.

  • Statement of Disclosure – The response should discuss any violation of, or investigation relating to any alleged violation of Securities and Exchange Commission’s Rules and/or Municipal Securities Rulemaking Board Rules, or other regulatory actions since January 1, 2020. If none, the response should provide a statement to that effect.

  • Statement of Affirmation – The response should include a written affirmation that the individual(s) submitting the proposals is/are authorized to do so on behalf of the Respondent and certification that, to the best of its/their knowledge, the information submitted in the proposal Is accurate, complete, and correct as the date of the proposal.

  • Current Credit Ratings – The response should provide the Respondent’s current credit ratings.

  • Provisions for events of default, termination, renewal or extension

  • Summary Rates for Fixed/Variable Rate - If applicable, the response should provide a summary of the Respondent’s proposed fixed and/or variable rates and for what period of time after the date of its response such rates can be relied upon by the Bond Bank.

  • Use and Non-Use Fees for Each Option. The Bond Bank’s expectation is that there will not be a non-use fee for this transaction. If non-use fees are proposed, please detail the applicable terms and rate in the attached Fee Proposal.

  • Early Prepayment – The response should provide pricing for optional early redemption.

  • Term Sheet – Governing law will be the State of Indiana.  The response should provide an indicative term sheet, which includes at least the following information:

    • Commitment fee,
    • Use fee: fixed or variable –proposed index for base rate, credit spread if applicable
    • Non-use fee,
    • Closing costs or expected transaction expenses
    • Draw Fees,
    • Syndication or lead bank fee, if applicable
    • Not to exceed legal fees,
    • Amendment fees,
    • Default Rate and Term Out provisions
    • Extension and/or Renewal fees and provisions,
    • Covenants regarding regulatory and tax risks,
    • Ratings or downgrade ‘triggers’, pricing adjustments due to changes in underlying credit rating
    • Security and financial covenants, and/or
    • Any business-related covenants

  • Length for Credit Approval – The response should indicate the length of time the Respondent would need to obtain final credit approval.

  • Comments to Form of Note Purchase Agreement. The response should indicate any exceptions to the form of Note Purchase Agreement, a copy of which is attached to this RFP and incorporated by reference. The Bond Bank may consider such proposed exceptions and, in its sole discretion, accept such exceptions, but Respondent should not assume that any of the proposed exceptions will be accepted and incorporated into the final Note Purchase Agreement. Barring any exceptions noted, the Respondent agrees to the terms of the Note Purchase Agreement in the form attached hereto.