Project Information

Bid Title

2026-024VF ERIE COUNTY NYS GO & SEWER BONDS

Issuing Agency

Erie County

Location

New York

Published Date

Mar 12, 2026

Closing Date

Mar 24, 2026

Government Level

State & Local

Status

Closed

Original Source

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Bid Documents

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Project Description

Department	Title	Submission Deadline	Additional files
COMPTROLLER OFFICE	2026-024VF ERIE COUNTY NYS GO & SEWER BONDS	Tuesday, March 24, 2026

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REQUEST FOR PROPOSALS

SENIOR MANAGING UNDERWRITER

2026 GENERAL OBLIGATION AND SEWER BONDS

RFP # 2026-024VF

March 9, 2026

Erie County, New York

Office of the Erie County Comptroller

95 Franklin Street, 11th Floor

Buffalo, New York 14202

The County of Erie, New York (the “County”) is inviting underwriting firms to submit proposals to serve as

book-running senior manager in connection with the issuance(s) of 2026 General Obligation Bonds (the

“Bonds”) for the County. The County reserves the right to also engage a co-manager (s) for this

transaction. Proposals are due by 3:00 p.m. Eastern Standard Time on March 24, 2026.

There is no expressed or implied obligation for the County to reimburse responding firms for any expenses

incurred in preparing proposals in response to this request. The County reserves the right to reject any or

all proposals submitted. Proposals must be submitted by e-mail to Timothy Callan, Erie County Deputy

Comptroller, at Timothy.Callan@erie.gov and also sent to the County’s Municipal Advisors:

Kayla MacEwen (kayla.macewen@mastersonadvisors.com)

Brendan Cooney (brendan.cooney@mastersonadvisors.com)

During the evaluation process, the County reserves the right, where it may serve the County’s best

interest, to request additional information or clarifications from proposers (“Proposers”), or to allow

corrections of errors or omissions. At the discretion of the County, firms submitting proposals may be

requested to make oral presentations as part of the evaluation process. These presentations might be

made in-person, or virtually via WebEx, Microsoft Teams or Zoom.

The County reserves the right to retain all proposals submitted and to use any ideas in a proposal

regardless of whether that proposal is selected. Submission of a proposal indicates acceptance by the firm

of the conditions contained in this request for proposals, unless clearly and specifically noted in the

proposal submitted and confirmed in a contract between the County and the firm selected.

All qualified applicants will be afforded equal opportunity without discrimination because of race, creed,

color, national origins, sex age, disability or marital status.

TABLE OF CONTENTS

I. CALENDAR OF EVENTS ............................................................................................................................... 3

II. INTRODUCTION ........................................................................................................................................ 3

III. ADMINISTRATIVE INFORMATION ........................................................................................................... 3

A. Restrictions on Communications................................................................................................. 3

B. Inquiries ..................................................................................................................................... 3

C. Modifications to the RFP.............................................................................................................. 4

D. Conflicts of Interest/Non-Collusion ............................................................................................. 4

E. Minority- and Woman-Owned Business Enterprise (MWBE) Requirements .............................. 4

F. Errors and Omissions .................................................................................................................. 4

G. County’s Rights as to All Proposals............................................................................................. 4

H. Confidentiality of Proposals ....................................................................................................... 5

I. Important Information Affecting Proposers ................................................................................ 5

IV. SERVICES REQUIRED OF AN UNDERWRITER........................................................................................... 6

A. Mandatory Requirements to Propose ......................................................................................... 6

B. Mandatory Services ................................................................................................................... 6

V. PROPOSAL CONTENT ................................................................................................................................ 7

A. Technical Proposal Content ........................................................................................................ 7

B. Fee Proposal Content................................................................................................................... 9

VI. PROPOSAL SUBMISSION ........................................................................................................................ 9

VII. EVALUATION OF PROPOSALS.................................................................................................................. 9

A. Evaluation of Proposals ............................................................................................................... 9

B. Final Recommendation for Award ............................................................................................... 9

VIII. AWARD OF CONTRACT ........................................................................................................................ 10

A. Notification of Selection ............................................................................................................ 10

B. Termination ............................................................................................................................... 10

IX. INDEMNIFICATION AND INSURANCE .................................................................................................... 10

X. COMPLIANCE WITH LAWS ...................................................................................................................... 11

APPENDIX A: RESPONSE FORM – SECTION V (A) (3) (c) ............................................................................. 12

APPENDIX B: RESPONSE FORM – SECTION V (A) (3) (g) ............................................................................. 13

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I. CALENDAR OF EVENTS

• Issuance of RFP:

March 9, 2026

• Deadline for RFP Questions:

March 16, 2026

• Responses to Questions:

March 20, 2026

• Deadline for Submission of Proposals: March 24, 2026

• Notice of award:

To be determined; expected in March/April 2026

II. INTRODUCTION

Erie County, New York (the “County”) is soliciting firms through this Request for Proposals (“RFP”)

to act as senior managing underwriter for the issuance of the 2026 General Obligation Bonds for

the County. The proceeds will be used for the County’s annual public improvement projects and

projects for the County’s Sewer Districts.

III. ADMINISTRATIVE INFORMATION

Firms receiving this RFP or that receive access to this RFP from a source other than the County

should contact Timothy Callan at 716-858-8853 or Timothy.Callan@erie.gov and Kayla MacEwen

at 646-483-4941 or kayla.macewen@mastersonadvisors.com to ensure that their correct contact

information is listed. This will ensure that they receive all updates and/or

amendments/addendums to this RFP.

The following administrative requirements will apply to this RFP. Failure to comply fully with these

requirements may result in disqualification of your proposal.

A. Restrictions on Communications

From the date this RFP is issued until the contract award has been announced, no Proposer-

initiated contact with any County official shall be permitted regarding this RFP, other than written

inquiries, as described in this Section. This prohibition includes, but is not limited to, any lobbying

of individuals considered to have any influence over proposal evaluation and selection. Violation

of this provision may be grounds for immediate disqualification.

B. Inquiries

There will be an opportunity available for submission of written questions. All questions or

requests for clarification regarding this RFP must be submitted via email to the County contact as

indicated in Section III (A), no later than March 16, 2026, 3:00 p.m. EST, citing the particular RFP

page, section, and paragraph number where applicable. Questions or requests for clarification

received after such time and date will not receive a response from the County. Answers to all

questions, as well as copies of the questions, will be distributed to all firms that were granted

access to this RFP, in accordance with the Calendar of Events in Section I.

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C. Modifications to the RFP

The County may modify any part of the RFP prior to the deadline for submission of proposals by

issuance of addendum to all recipients of this RFP. Any addendum issued by the County will be

posted to the County website and email notification of such posting will be distributed to all firms

that have been granted access to this RFP.

D. Conflicts of Interest/Non-Collusion

Proposers must disclose with their proposals the name of any officer, director, or agent of

Proposer who is also an employee of the County, the State of New York or any entity of the State

of New York, including any State agency or State public authority. Proposers must disclose the

name of any State employee who owns, directly or indirectly, an interest of five percent or more

in the Proposer.

The Proposer, by signing the proposal, does hereby warrant and represent that any ensuing

agreement has not been solicited, secured or prepared directly or indirectly, in a manner contrary

to the laws of the State of New York and the County of Erie, and that said laws have not been

violated and shall not be violated as they relate to the procurement or the performance of the

agreement by any conduct, including the paying or the giving of any fee, commission,

compensation, gift, gratuity or consideration of any kind, directly or indirectly, to any County

employee, officer or official.

E. Minority-and Woman-Owned Business Enterprise (MWBE) Requirements

In accordance with the provisions of Article 15-A of the Executive Law and the State Finance Law

and Erie County Local Law, it is the intention of the County to provide real and substantial

opportunities for certified MWBE firms on all contracts.

F. Errors and Omissions

If a recipient discovers any ambiguity, conflict, discrepancy, omission, or other error in this RFP,

he/she shall immediately notify the County (See Section III (A), Restrictions on Communications)

of such error in writing and request clarification or modification of the document.

Prior to the deadline for submission of proposals, the County will provide any necessary

clarifications by email notice to all firms that have been granted access to this RFP. If, prior to the

deadline for submission of proposals, a Proposer fails to notify the County of a known error or an

error that reasonably should have been known, the Proposer shall assume the risk of proposing.

If awarded the contract, the Proposer shall not be entitled to additional compensation by reason

of the error or its correction.

G. The County’s Rights as To All Proposals

The County reserves the right to, but is not limited to, the following:

1. Reject any and all proposals received in response to this RFP.

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2. Waive any immaterial deviation or defect in a proposal. A waiver of immaterial

deviation or defect shall in no way modify the RFP documents or excuse the Proposer

from full compliance with the RFP requirements.

3. Reject any proposal that contains false or misleading statements, or which provides

references that do not support an attribute or condition claimed by the Proposer.

4. All proposals will become the property of the County and may be disclosed or used by

the County to the extent permitted by law. The County may disclose a proposal to any

person for the purpose of assisting in evaluating the proposal or for any other lawful

purpose. All proposals will become County records, which, in accordance with the

Freedom of Information Law, will be available to the public after the contract award. Any

portion of the proposal that a Proposer believes constitutes a trade secret entitled to

confidential handling, as an exception to the Freedom of Information Law, must be clearly

and specifically designated in the proposal. If the County agrees with the trade secret

claim, the designated portion of the proposal will be withheld from public disclosure.

Blanket assertions of trade secret material will not be accepted, and failure to specifically

designate trade secret material will be deemed a waiver of any right to confidential

handling of such material.

H. Confidentiality of Proposals

The content of each proposal and all communications will be held in confidence and no details

will be divulged to any other Proposer during evaluation.

I. Important Information Affecting Proposers

1. By submitting a proposal, the Proposer agrees not to make any claims for or have a right to

damages because of any misrepresentations or misunderstanding of the specifications or because

of any lack of information.

2. The County reserves the right to modify any part of this RFP, including but not limited to, the

date and time for which proposals must be submitted and received by the County, at any time

prior to the deadline for submission of proposals. Modifications to this RFP will be made by

issuance of addendum. Any addendum issued by the County will be posted to the County website

and email notification of such posting will be distributed to all firms that received access to this

RFP. The County also reserves the right to cancel this RFP, in whole or in part, and to reject any

and all proposals. See also Section III (C) and (G).

3. The County reserves the right to correct any arithmetical errors in any proposal and, in the

event that the fees or costs in two or more proposals are not comparable, to make appropriate

adjustments to render the fees and costs comparable. The County also reserves the right to

require a Proposer to clarify his/her proposal to assure a full understanding of the proposal and

to request revisions to all proposals from Proposers susceptible of award of the contract. Any

request for clarification or revisions is solely at the discretion of the County.

4. Proposers shall not discuss this RFP with employees of the County prior to the County’s decision

to award a contract.

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