Renewal and Amendment Notice: Arbitrage Rebate Services Renewal 1

The Illinois Housing Development Authority is renewing and amending its arbitrage rebate services contract with BLX Group LLC, with the renewal notice posted July 16, 2026 and a 14-day public notice period ending July 30, 2026. This is a renewal, not a new solicitation.

The contract covers arbitrage rebate calculations for bond resolutions. The renewal term runs three years, commencing August 3, 2026 through August 2, 2029, under Renewal Bid Number 26-551HDA-FINAN-B-52804, based on original solicitation bid number 22-551HDA-FINAN-P-39609. The total renewal contract value is $252,000 over the three-year term.

The change order was necessitated by higher-than-anticipated bond and tax-plan activity relative to the original contract assumptions. The cost increase exceeds $25,000, triggering the required 14-day public notice posting. The modification is considered germane to the original contract scope and complies with Section 33E-9 of the Criminal Code regarding unforeseen circumstances.

The contract includes no set-asides for Illinois Business Enterprise Program (BEP) or Veterans Business Program (VBP) participation; utilization is zero percent for both programs, with no BEP subcontractors identified in the utilization plan. The renewal is awarded by the State Procurement Office in accordance with the terms of the existing contract.