Bond Counsel Services

The Madison Metropolitan Sewerage District, serving 24 municipal customers over an area of approximately 188 square miles in the Madison, WI metropolitan area, is seeking bond counsel services to facilitate the issuance of general obligation debt and Clean Water Fund loans. This is part of the District's $290 million capital improvements plan for the years 2025 to 2030, with around 80% of the projects expected to be financed through debt. The responsibilities under this contract would encompass a range of legal and regulatory support tasks, including rendering legal opinions on municipal obligations, reviewing official statements, preparing bond issuance documents, consulting on tax and securities matters, and assisting with tax compliance. Not only does the scope include conducting closings and managing post-issuance compliance, but it also involves providing reimbursement services and training on compliance. The initial period for this contract is three years, with the possibility of extending up to an additional two years, bringing the total potential duration to five years. The place of performance is Madison, WI. The deliverables include a variety of documents such as resolutions, legal opinions, and closing packages, all required to be prepared within twenty business days of closing. Proposals for these services are to be submitted via email by February 5, 2025, with any questions directed to the District's Budget Officer, Ben Nerad. The District, being tax exempt, reserves the right to reject any proposals and requires all communication to adhere to written addenda for formal modifications.