Project Information

Bid Title

Request For Proposals 2026 MEDA Investment Advisor

Issuing Agency

City of Craig

Location

Colorado

Published Date

Apr 1, 2026

Closing Date

May 1, 2026

Government Level

State & Local

Status

Closed

Original Source

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Bid Documents

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Project Description

Description	Opening Date/Time	Closing Date/Time
Request For Proposals 2026 MEDA Investment Advisor	April 01, 2026 8:00 AM	May 01, 2026 12:00 PM

Attachment Preview

Request for Proposal (RFP) for Investment Advisory Services

on behalf of the

Moffat Economic Development Authority

RFP Number:

Issue Date:

Deadline for submitting questions:

Submission Deadline:

2026-l

4-r-2026

4-17-2026

5-r-2026

(l2pm)

Description:

Investment Advisorv Services

The Moffat Economic Development Authority (MEDA) will be accepting proposals from

qualified teams or individuals for the purpose of managing and investing certain funds of MEDA

and deploying the returns of those funds for economic development initiatives benefitting the

communities of the City of Craig and Moffat County. Proposals may be submitted electronically

to Jeff Comstock, Moffat County Natural Resources Director, at jcomstock@moffatcounty.net no

Iater than 12:00 p.m. Mountain Time on May 112026

RFP documents and specifications, including proposal's required content and format, are

available online at www.publicpurchase.com and can be requested from the Moffat County

Natural Resources Offi ce at i com stock@ moff atcounty. net or (97 0)826-3 400.

QUESTIONS:

All questions pertaining to this RFP must be submitted electronically by 12:00 p.m.

Mountain Time on April 17 ,2026,, to Jeff Comstock at the email address indicated above.

Contact with any other MEDA staff, or member of the Board of Directors of MEDA

regarding this Request for Proposals is not permitted and will result in disqualification.

ADDITIONAL NOTES:

MEDA reserves the right (a) to reject any and all proposals, (b) to issue a subsequent

request or to cancel this RFP, (c) to waive any inegularity or informality in any proposal, (d) to

enter into discussions with applicants before the submission of the final proposals, and (e) to select

a proposal whether or not such proposal results in the lowest cost to MEDA.

RFP #2026- r

Request for Proposal for Investment Advisory Services

on behalf of the

Moffat Economic Development Authority

April 1,2026

Responses Due: May 1 ,2026

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GENERAL INFORMATION

Colorado Open Records Act Notification. The Moffat Economic Development Authority (the

"Authority) is subject to $$ 24-72-201 et seq. of the Colorado Revised Statutes, (the "Colorado

Open Records Act"). If you object to the disclosure of any confidential or privileged information

as such is defined in the Colorado Open Records Act, all such alleged pages must be clearly marked

confidential when submitted as outlined below in the Proposal Contents and Format section. If you

fail to mark the documents as confidential and fail to include the explanation, any objection to the

release of any such information may be deemed waived by the Authority. Please note that your

objection will be considered but is not binding on the Authority. The Authority is required to make

a determination under the Colorado Open Records Act and may only withhold documents that are

confidential under the Colorado Open Records Act and other applicable law. If the Authority

releases documents marked as confidential in compliance with the Colorado Open Records Act,

the Applicant waives any claims for liability or damages.

Introduction & Background. The Authority is a political subdivision and public corporation of

the state created pursuant to an Establishment Agreement entered in accordance to C.R.S.$$ 29-1-

203 & 203.5 between the City of Craig, Colorado (the "City") and Moffat County, Colorado (the

"County") for the purpose of managing and investing certain settlement funds granted to the City

and the County to offset the closure of a coal power generation station, and other funds which may

from time to time be received by the Authority, and deploying the returns of those funds for

economic development initiatives benefitting the communities of the City and the County and to

cover the operational costs of the Authority. The Authority is governed by a volunteer board of

directors (the "Board") appointed by the Craig City Council, the Moffat County Board of County

Commissioners, and the Moffat County School District RE 1. Currently, the Authority is supported

by its consultants and the staff of the City and the County. The Authority has adopted an initial

investment policy (the "Investment Policy"), which it intends to update after a financial advisor is

selected to benefit from the new investment powers granted by SB 26-052.

Contractor Solicitation Information. The Authority is requesting proposals from qualified firms

and/or individuals ("Applicants" or "Applicant") interested in providing financial advisory

services to the Authority relating to the regular administration and investment of the funds of the

Authority in accordance with applicable state law and the Authority's Investment Policy. The

Authority is not guaranteeing a specific amount of work or a specific amount of assets for which

advisory services will be provided. In addition to providing relevant experience and qualifications

relating to financial advisory services, Applicants are encouraged to highlight their experience and

qualifiiations in other relevant areas relating to economic development promotion, such as project

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mechanisms, and expertise to evaluate the financial viability of economic projects, assess risks,

conduct feasibility studies, and provide recommendations based on well-developed analysis.

Anticipated Contract Term. The initial term of the engagement agreement is expected to be for

two years. The Authority requests an option to extend the contract for an additional period of two

years. Each party will have the right to terminate the agreement, with or without cause, upon 30

days wriuen notice. Other standard termination provisions may be negotiated.

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Proposed Scope of Work The Authority is requesting Applicants to provide a proposal for

assisting the Authority with general financial analysis, advice and recommendation for investment

decisions, and the establishment of financial goals that will apply to all the Authority's economic

development programs and projects. The financial services being requested include, but are not

limited to, the following:

o Research investment options and recommend investment allocations for the Authority to

ensure the preservation and growth of the Authority's funds, all in accordance with the

Authority's investment policy and applicable laws.

o Assist with the amendment of the Authority's investment policy to benefit from the new

changes introduced by SB 26'052.

. Reviewthe investment policy of the Authority on a regular basis and recommend changes

to the City and the County, when necessary.

o Develop a risk assessment to inform risk allocation and financial analysis.

. Advise on preparation of materials (as needed) for interactions with board members,

stakeholders, and the public.

. Attend board and staff meetings in which financial matters are discussed.

. Assist the Authority during the performance of its oversight and reporting duties.

Independence. The Applicant selected must agree that it will remain independent with respect to

the services to be provided. For example, the Applicant will not be a principal in, or serve as an

advisor to, any prospective recipient of funds of the Authority, and will not participate as an

underwriter or advisor in financings or other transactions involving the Authority. Any currently

existing or anticipated conflicts of interest should be clearly disclosed in the proposal. In no event

shall the Applicant enter into a financial advisory relationship which may cause the Authority to

become subject to regulatory control or registration with any state or federal agency.

APPLICANT EXPERIENCE & PERSONNEL REQUIREMENTS

Mandatory Minimum Qualifications.

. Registered investment advisor with appropriate finance licenses and certifications.

. Specialized training or certifications specific to the Authority's project

financing and economic development goals.

Organizational Experience. The Authority desires specific experience and skills for the Applicant

to possess in order for the Applicant to be able to complete the work efficiently while meeting the

demands and deadlines of the Authority. The Authority will evaluate the Applicant's relevant

experience pertaining to the following:

. Experience in providing financial and investment advisory services for public entities,

particularly public entities with investment policies and objectives similar to the

Authority.

o Familiarity with the legal and regulatory frameworks governing investment and

management of public funds.

Personnel Requirements. Key Personnel required:

a

J

176443089v6

o Project Lead

o Additional Key Project Team Members

The Project Lead shall have, at a minimum, the following qualifications

o Expertise in investment advisory services, financial modeling, risk assessment, and

financial analysis.

. Experience working collaboratively with other project stakeholders, such as government

officials, community representatives, private sector partners and entrepreneurs, and legal

advisors.

o Knowledge of and/or connections with relevant communities.

The Project Lead shall be responsible for all of the following:

. Serve as the Applicant's primary point of contact for the Authority.

. Ensuring the completion of all work in accordance with the Contract's requirements. This

includes, but is not limited to, ensuring the accuracy, timeliness and completeness of all

work.

. Overseeing all other Applicant's personnel and ensuring proper staffing levels

throughout the term of the Contract.

Additional Personnel. Other than the Key Personnel designated above, Applicants may propose

any other personnel and structure they believe are most efficient and effective at completing the

work.

PROPOSAL CONTENTS AND FORMAT

The proposal should be complete yet concise and contain only the elements shown below. Please

avoid submission of extraneous and unnecessary information. The Authority reserves the right to

reject any proposal that contains extraneous or unnecessary information.

Cover Letter. A one-page cover letter shall be provided that expresses the Applicant interest to be

considered and identifies the primary contact person for the proposal and provided the telephone

number, email address, and physical office location of the primary contact person. The cover letter

shall be signed by a person who has contractual authority to bind the Applicant.

Relevant General Investment Advisory Experience. Describe the Applicant's experience and

capabilities in providing investment advisory services similar to the services requested. Include

specific engagements, clients served, dates, and results/performance.

Qualifications. Provide brief resumes describing the educational, licensure, work experience, and

other qualifications for each of the key personnel who would be engaged with the Authority.

References. The Applicant must include as a supplement to its proposal a list of three (3)

references, including points of contact (name, address, email address, and telephone number),

which can be used as references for work performed in the area of service required. Selected

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Commodity Codes

• NAICS 523930Investment Advice

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