Project Information

Bid Title

Financial Advisor - SARA

Issuing Agency

South Amboy city

Location

New Jersey

Published Date

May 8, 2026

Closing Date

May 28, 2026

Government Level

State & Local

Status

Closed

Original Source

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Bid Documents

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Project Description

Financial Advisor - SARA Posted: 05/08/2026 - 09:55 AM Due By: 05/28/2026 - 01:00 PM

Notice is hereby given that the South Amboy Redevelopment Agency ("SARA" or the "Agency") will be seeking qualifications for the provision of professional services. The qualifications are being sought as part of a fair and open process being undertaken by the Agency pursuant to N.J.S.A 19:44-20.4 et seq. Pursuant to the Agency's policy this Public Notice shall be advertised on the City of South Amboy's internet website within ten (10) days of receipt of responses from interested parties.
Responses to provide the services will be received by the South Amboy Redevelopment Agency, 140 N. Broadway, South Amboy, New Jersey, 08879 until 1 pm prevailing time on Thursday, May 28, 2026 at which time the responses will be publicly opened and the name of the responder shall be read aloud.

FINANCIAL ADVISOR. The Agency is seeking professional services as Financial Advisor for the redevelopment activities of the Agency, effective July 1, 2026 and continuing through June 30, 2027. The minimum threshold criteria that will be utilized for the evaluation for the responses shall be as follows:

a) Evidence of professional liability insurance;

b) Direct representation of governmental entities in the field of redevelopment, with a particular emphasis on Redevelopment authorities, for a minimum of ten (10) years;

c) Experience in providing advice and recommendations in the review of capital project requests and trimming and issuing of debt instruments by public bodies;

d) Knowledge of the City of South Amboy, the Agency and its redevelopment projects;

e) Ability to accommodate any required meetings of the Agency;

f) Compensation proposal;

g) Any other factors demonstrated to be in the best interest of the Agency.
In addition to the criteria set forth above, all responses must include the following:

a) Full name and business address.

b) List of licensed professionals employed.

c) Confirmation of authority to do business in the State of New Jersey

d) List of public entities served by business entity including dates of service.
All interested parties should contact Kelly Wolff at wolffk@southamboynj.gov to request a submission packet, or dial 732.525.5929.
Responses shall be reviewed by the Agency according to the above criteria. SARA will award the contract pursuant to this fair and open process by Resolution at a public meeting.
The Agency reserves the right to reject any and all submissions.
Individuals and/or firms are to submit one original and one (1) USB of their responses in a sealed envelope clearly marked with the words “SARA RFQ-FINANCIAL ADVISOR” Attn: Kristal Manion, QPA, The South Amboy Redevelopment Agency, 140 N. Broadway, South Amboy, NJ 08879 by Thursday,  May 28, 2026 at 1pm.

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SOUTH AMBOY REDEVELOPMENT AGENCY

PUBLIC NOTICE

SFY 2027 RFQ FINANCIAL ADVISOR

Notice is hereby given that the South Amboy Redevelopment Agency ("SARA" or the "Agency")

will be seeking qualifications for the provision of professional services. The qualifications are being sought

as part of a fair and open process being undertaken by the Agency pursuant to N.J.S.A 19:44-20.4 et seq.

Pursuant to the Agency's policy this Public Notice shall be advertised on the City of South Amboy's internet

website within ten (10) days of receipt of responses from interested parties.

Responses to provide the services will be received by the South Amboy Redevelopment Agency,

140 N. Broadway, South Amboy, New Jersey, 08879 until 1 pm prevailing time on Thursday, May 28, 2026

at which time the responses will be publicly opened and the name of the responder shall be read aloud.

FINANCIAL ADVISOR. The Agency is seeking professional services as Financial Advisor for the

redevelopment activities of the Agency, effective July 1, 2026 and continuing through June 30, 2027. The

minimum threshold criteria that will be utilized for the evaluation for the responses shall be as follows:

a) Evidence of professional liability insurance;

b) Direct representation of governmental entities in the field of redevelopment, with a particular

emphasis on Redevelopment authorities, for a minimum of ten (10) years;

c) Experience in providing advice and recommendations in the review of capital project requests

and trimming and issuing of debt instruments by public bodies;

d) Knowledge of the City of South Amboy, the Agency and its redevelopment projects;

e) Ability to accommodate any required meetings of the Agency;

f) Compensation proposal;

g) Any other factors demonstrated to be in the best interest of the Agency.

In addition to the criteria set forth above, all responses must include the following:

a) Full name and business address.

b) List of licensed professionals employed.

c) Confirmation of authority to do business in the State of New Jersey

d) List of public entities served by business entity including dates of service.

All interested parties should contact Kelly Wolff at wolffk@southamboynj.gov to request a submission

packet, or dial 732.525.5929.

Responses shall be reviewed by the Agency according to the above criteria. SARA will award the contract

pursuant to this fair and open process by Resolution at a public meeting.

The Agency reserves the right to reject any and all submissions.

Individuals and/or firms are to submit one original and one (1) USB of their responses in a sealed

envelope clearly marked with the words “SARA RFQ-FINANCIAL ADVISOR” Attn: Kristal Manion,

QPA, The South Amboy Redevelopment Agency, 140 N. Broadway, South Amboy, NJ 08879 by

Thursday, May 28, 2026 at 1pm.

1

GLOSSARY

The following definitions shall apply to and are used in this Request for Qualifications:

 “Agency” – refers to the South Amboy Redevelopment Agency, its officers and elected and

appointed officials, employees and advisors and consultants.

 "Due Date" - refers to the date and time by which Qualification Statements must be received by the

Redevelopment Agency in order to be considered for award of the contract or position.

 "Qualification Statement" - refers to a Respondent’s complete response to this RFQ.

 "Qualified Respondent" - refers to those Respondents who (in the sole judgment of the

Redevelopment Agency) have satisfied the qualification criteria set forth in this RFQ.

 "RFQ" - refers to this Request for Qualifications, including any amendments thereof or

supplements thereto.

 "Respondent" or "Respondents" - refers to the interested individuals and firms that submit

Qualification Statements.

 “Services” – refers to the professional services the Redevelopment Agency seeks in this RFQ

process.

 “Successful Respondent” – refers to the Respondent selected by the Redevelopment Agency to

perform the Services.

SECTION 1

INTRODUCTION AND GENERAL INFORMATION

1.1 Introduction and Purpose.

The Redevelopment Agency is soliciting Qualification Statements from interested persons and/or

firms for the provision of the professional services described herein. Through a Request for Qualification

process, persons and/or firms interested in assisting the Redevelopment Agency with the provision of such

services must prepare and submit a Qualification Statement in accordance with the procedure and schedule

in this RFQ. The Redevelopment Agency will review only Qualification Statements that include all the

required information as described herein. The Redevelopment Agency intends to qualify persons and/or

firms that (a) possess the professional capabilities to provide the proposed services; (b) will agree to work

under the compensation terms and conditions set forth; and (c) have demonstrated the capability and

willingness to provide high quality services to the Redevelopment Agency.

1.2 Procurement Process and Schedule.

The selection of Qualified Respondents is subject to the New Jersey Local Unit Pay-to-Play Law,

2

N.J.S.A. 19:44A-20A et seq. The Redevelopment Agency has structured a competitive procurement process

which insures that anyone interested in providing the services sought has an opportunity to submit a

Qualification Statement in response to this RFQ. The Redevelopment Agency will evaluate responses to

this RFQ in accordance with the criteria set forth in Section 5. Based upon the totality of the information

contained in the Qualification Statement, and from the Respondents’ references, the Redevelopment

Agency will determine which Respondents are qualified. Each Respondent that meets the requirements of

the RFQ (in the sole judgment of the Redevelopment Agency) will be designated as a Qualified Respondent,

and will be considered for selection by the Redevelopment Agency.

The RFQ process commences with the issuance of this RFQ. The steps involved in the process and

the anticipated completion dates are stated in the Anticipated Procurement Schedule. The Redevelopment

Agency reserves the right to, among other things, amend, modify or alter the Procurement Schedule upon

notice to all potential Respondents who have provided contact information to the Agency upon receipt of

this RFQ.

Qualification Statements must be received by the Redevelopment Agency’s Designated

Contact Person, via mail or hand delivery, by 1:00PM prevailing time on Thursday, May 28, 2026.

Qualification Statements received after 1:00 PM on Thursday, May 28, 2026 will be returned

unopened.

All communications concerning this RFQ or the RFQ process shall be directed to the

Redevelopment Agency’s Designated Contact Person, in writing. The Designated Contact Person is:

Kelly Wolff at wolffk@southamboynj.gov or 732.525.5929.

ANTICIPATED PROCUREMENT SCHEDULE

ACTIVITY

DATE

1. Issuance of Request for Qualifications

May 28, 2026

2. Receipt of Qualification Statements/ Due Date

May 28, 2026

3

Completion of Evaluation of Qualification Statements

on or about June 4, 2026

4. Award of Professional Service Agreement

June 4, 2026

1.3 Conditions Applicable to RFQ.

Upon submitting a Qualification Statement in response to this RFQ, the Respondent acknowledges

and consents to the following conditions:

•

This document is an RFQ and does not constitute an RFP.

•

This RFQ does not commit the Redevelopment Agency to issue an RFP.

3

•

All costs incurred by the Respondent in connection with responding to this RFQ shall be

borne solely by the Respondent. There shall be no claims whatsoever against the

Redevelopment Agency, its staff or consultants for reimbursement or payment of costs or

expenses incurred in the preparation of the Qualification Statement or other information

required by the RFQ.

•

The Redevelopment Agency reserves the right to reject for any reason any and all responses

and components thereof.

•

The Redevelopment Agency reserves the right to reject any Respondent that submits

incomplete responses to this RFQ, or a Qualification Statement that is not responsive to the

requirements of this RFQ.

•

The Redevelopment Agency reserves the right, without prior notice, to supplement, amend,

or modify this RFQ, or to request additional information.

•

All Qualification Statements shall become the property of the Redevelopment Agency and

will not be returned.

•

All Qualification Statements will be made available to the public at the appropriate time,

as determined by the Redevelopment Agency in accordance with law.

•

Any Qualification Statements not received by the Redevelopment Agency timely will be

rejected.

•

The Redevelopment Agency shall not be liable for any claims or damages alleged to have

been incurred as a result of this RFQ process, including the Redevelopment Agency’s

review of Qualification Statements and its award of contracts.

1.4 Rights of Redevelopment Agency.

The Redevelopment Agency reserves the following rights with regard to this RFQ and the

procurement process in accordance with the provisions of applicable law:

•

To determine that any Qualification Statement received complies or fails to comply with

the terms of this RFQ.

•

To supplement, amend or otherwise modify the RFQ through issuance of addenda to all

prospective Respondents who have received a copy of this RFQ.

•

To waive any technical non-conformance with the terms of this RFQ.

•

To change or alter the schedule for any events called for in this RFQ upon the issuance of

notice to all prospective Respondents who have received a copy of this RFQ.

4

•

To conduct investigations of any or all of the Respondents, as the Redevelopment Agency

deems necessary or convenient, to clarify the information provided as part of a

Qualification Statement, and to request additional information to support the information

included in any Qualification Statement.

• To suspend or terminate the procurement process described in this RFQ at any time,

commence a new procurement process, or exercise any other rights provided under

applicable law without any obligation to the Respondents.

The Redevelopment Agency shall be under no obligation to complete all or any portion of the

procurement process described in this RFQ.

1.5 Addenda or Amendments to RFQ.

After the issuance of the RFQ, but no later than five (5) business days prior to the Due Date, the

Redevelopment Agency may issue addenda, amendments or answers to written inquiries. Addenda will be

noticed by the Redevelopment Agency and will constitute a part of the RFQ. All responses to the RFQ

shall be prepared with full consideration of any addenda issued.

1.6 Proposal Format.

Responses should cover all information requested in Section 3 of this RFQ. Responses that do not

meet the requirements of the RFQ or which are in any way conditional, incomplete, obscure, contain

additions or deletions from requested information, or contain errors may be rejected.

SECTION 2

SCOPE OF SERVICES

The Agency seeks Qualification Statements from Respondents that have expertise in the provision

of Financial Advisor Services. Respondents must be able to demonstrate that they have and will continue

to have the capabilities to perform the Services.

The Agency shall expect the successful Respondent to:

a. Provide advice and prepare reports, presentations and research on redevelopment for the

Agency, commissioners and professionals as requested;

b. Assist the Agency on Redevelopment rules and regulations;

c. Represent the Agency as directed in meetings with state agencies, Middlesex County and

other municipalities;

5

Commodity Codes

• NAICS 541611Administrative Management and General Management Consulting Services

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