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RFP No. 24-29 Bond Underwriter

This opportunity is being issued by the Parking Authority (the “Authority”), a body corporate and politic created under the laws of the Commonwealth of Pennsylvania in accordance with the Act of June 19, 2001, P.L. 287, No. 22, as amended, known as the “Parking Authority Law”.

The Philadelphia Parking Authority (the “Authority”) is requesting proposals from investment banking firms to serve as underwriter in connection with a 2025 bond issuance for approximately $100-$120 million in new money at a 30-year debt service level. The Authority intends to select one or more firms to serve as underwriter with respect to the issuance of bonds.

The Authority intends to select one or more firms to serve as financial advisors with respect to the issuance of bonds related to the Philadelphia Parking Authority and other areas of municipal finance on an as-needed basis.

Prospective Offerors must register using the Offeror Registration Form (control-click to follow link) prior to downloading the RFP document from the Authority’s website.

A pre-proposal meeting will NOT be held for this solicitation.

All interested parties must complete the Offeror Registration Form for this solicitation in order to be considered an eligible Offeror. Registration ensures that the Authority will have the correct contact information to send addenda, if needed.

The sole contact at the Authority is Shannon Stewart, Manager of Contract Administration, email at [email protected].

Important Documents and Links related to the RFP are below:

RFP No. 24-29 Offeror Registration Form – Registration Form, all interested parties must complete this form in order to be considered an eligible Offeror. Registration ensures that the Authority will have the correct contact information to send addenda, if needed.

RFP No. 24-29 Notice to Offerors – Contains important dates and information pertaining to the RFP.

RFP No. 24-29 Bond Underwriter – RFP Document, please review carefully as this document contains administrative requirements, proposal format, work statement and other important information.

RFP No. 24-29 Proposal Form – Word version of the Proposal Form

RFP No. 24-29 Question Submission Form – Offerors must submit all questions and clarification of instructions using this form.

RFP No. 24-29 Proposal Decline Form – Please complete if you registered using the Offeror Registration Form above but have decided not to submit a proposal.

RFP No. 24-29 Addendum #1 – 11.7.24

RFP No. 24-29 Addendum #2 – 11.13.24 – Appendix B and C have been made available to Registered Offerors via a OneDrive link.