Minnesota Management & Budget
Notice of a Request for Proposal for Underwriting Services related to theissuance of State Appropriation Bonds used to finance the public sector shareof a Professional Football Stadium by the State of Minnesota
The Department of Management and Budget is seeking proposals from financialinstitutions to provide underwriting services related to the issuance of bonds tosecure up to approximately $498,000,000 in net proceeds to (i) provide financingof a portion of the costs of acquisition, construction, improving and equipping of
the stadium project (the “Project”) of the Minnesota Sports Facilities Authority(the “Authority”) as provided by Minnesota Statutes, Chapter 473J
, to be located inthe City of Minneapolis, Minnesota, and (ii) to fund the payment of capitalizedinterest on such bonds and the payment of issuance costs relating to such bonds.The purpose of this procurement is to solicit proposals to establish a pool of firmsto serve as qualified senior managing underwriters and/or co-managingunderwriters in connection with the issuance of fixed rate appropriation bonds of the State. From the responses received from this
Request for Proposal (“
,the State will create a pool of underwriters to assist with one or more of thesetransactions as or if needed to fund the Project through June 30, 2017.
An electronic copy of the Request for Proposal is available on the MMB website of http://www.mmb.state.mn.us/ or by contacting Jessica Cameron Mitchell of Public FinancialManagement, Inc.
, the State’s financial advisor for this transaction at
email@example.com . NOTE: Details concerning submission requirements, including due dates are included in theRequest for Proposal. No other personnel other than Ms. Mitchell are authorized to discuss the project with responder before the submittal of the RFP Response.