Direct purchase or private placement services for workforce housing

The Roaring Fork Transportation Authority (RFTA) is seeking direct purchase or private placement services from qualified financial institutions to fund a workforce housing project in Glenwood Springs, Colorado. The procurement involves reimbursing approximately $13 million in project expenditures for a hotel conversion that has already been completed, with occupancy beginning in early 2025. RFTA is specifically requesting proposals for a tax-exempt lease purchase arrangement, with a preference for a 20-year repayment term featuring a fixed interest rate and flexible prepayment provisions. The procurement will be conducted through a Request for Proposal (RFP) process, with written inquiries due by June 13, 2025, and proposals due on June 26, 2025, at 10:00 AM MST. Evaluation criteria will include structuring flexibility, terms and conditions, transparency of rate setting, ease of execution, cost, and the bank's qualifications and experience. The Authority plans to close the direct purchase or private placement in Fall 2025, with a funding deadline of early November 2025.

The solicitation does not explicitly mention specific set-aside designations or restrictions for disadvantaged enterprises. Proposals must be submitted electronically through the BidNet Direct website, with RFTA reserving the right to reject any or all proposals. The financing will be structured through certificates of participation, with the selected bank purchasing these certificates at closing. No incumbent vendors are mentioned in the documentation. The total project value is approximately $13 million, which will be used to reimburse RFTA for previous expenditures on the workforce housing facility. Potential respondents must demonstrate financial capability, experience in municipal financing, and ability to provide a comprehensive financing solution that meets RFTA's specific requirements for the workforce housing project in Glenwood Springs.