City of Rochester/Rochester Public Utilities - Senior Managing Underwriter for Electric System Revenue Bonds Series 2027A - 2026
City of RochesterCity · Rochester, MN- Due
- Nov 24, 2026
- 13 days left
- Posted
- Nov 3, 2026
- Contract term
- 30 years
- Primary contact
- Christine Hogan
- (651) 223-3034
The 30-second brief
City of Rochester and Rochester Public Utilities, Minnesota, seek investment banking proposals from qualified firms to serve as senior managing underwriter for Electric System Revenue Bonds, Series 2027A, with an estimated principal amount of approximately $141.2 million. Bond proceeds will finance new generation or peaker and dispatchable generation, capital improvements including Mount Simon Energy Station and Grid North Partners Transmission Project, refunding of Series 2017A bonds, fund debt service reserves, and pay issuance costs. The repayment term is 30 years with principal due December 1, 2027 through December 1, 2056. Submission deadline is November 24, 2026, at 4:00 PM CT, with written questions due by November 10, 2026. Evaluation criteria include experience of assigned staff, judgment in marketing the bonds, and cost.
Experience of the firm's assigned primary staff representatives in structuring and marketing comparable obligations, City's judgment of the firm best able to market the Bonds to achieve its goals, Cost
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Summary
City of Rochester and Rochester Public Utilities, Minnesota, seek investment banking proposals from qualified firms to serve as senior managing underwriter for Electric System Revenue Bonds, Series 2027A, with an estimated principal amount of approximately $141.2 million.
Bond proceeds will finance new generation or peaker and dispatchable generation, capital improvements including Mount Simon Energy Station and Grid North Partners Transmission Project, refunding of Series 2017A bonds, fund debt service reserves, and pay issuance costs. The repayment term is 30 years with principal due December 1, 2027 through December 1, 2056. Submission deadline is November 24, 2026, at 4:00 PM CT, with written questions due by November 10, 2026. Evaluation criteria include experience of assigned staff, judgment in marketing the bonds, and cost.
EVALUATION CRITERIA
Experience of the firm's assigned primary staff representatives in structuring and marketing comparable obligations, City's judgment of the firm best able to market the Bonds to achieve its goals, Cost
REQUIRED ATTACHMENTS
12- Transmittal Letter
- General Description of Firm and Assigned Principal Personnel
- Experience in Serving as Senior Managing Underwriter for Comparable Obligations
- Issue Structuring and Pricing
- Rating strategy
- Marketing approach
- Notice of Litigation and/or Regulatory Actions
- Potential Conflicts of Interest
- References
- Compensation Proposal - Exhibit 4
- Underwriter's Counsel details
- Signature Page - Exhibit 5
- Submit to
- [email protected]
- Scope location
- Rochester, MN
Questions about this RFP
How do I respond to this RFP from City of Rochester?
Review the full solicitation document for submission requirements, evaluation criteria, and deadlines. The submission deadline is November 24, 2026. Be sure to include all required attachments as outlined in the solicitation. Submissions should be delivered to: [email protected]. For questions, contact Christine Hogan.
Can small businesses or minority-owned firms bid on this RFP?
Most government agencies, including City of Rochester in MN, encourage participation from small businesses, minority-owned, women-owned, and disadvantaged business enterprises (MBE/WBE/DBE). Check the full solicitation for any small business participation goals.
What happens after the RFP submission deadline?
After the deadline, the issuing agency reviews all submissions against the stated evaluation criteria. This typically includes a compliance check, technical evaluation, cost analysis, and may involve oral presentations with shortlisted vendors.
Can I ask questions about this solicitation before submitting?
Yes, most solicitations allow vendors to submit questions during a designated period. The primary contact is Christine Hogan at (651) 223-3034. Questions and answers are typically shared with all prospective bidders.
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What are the evaluation criteria for this solicitation?
This solicitation includes specific evaluation criteria that will be used to score proposals. The criteria include: "Experience of the firm's assigned primary staff representatives in structuring and marketing comparable obligations, City's judgment of the firm best able to market the Bonds to achieve its goals, Cos..." Vendors should carefully align their proposals with each criterion to maximize their score.
Where can I find more RFPs from City of Rochester?
All active and historical solicitations from City of Rochester are tracked and searchable. As a city agency, City of Rochester regularly publishes solicitations. Visit the agency profile to see current open bids, past contracts, vendor relationships, and decision-maker contacts.
What is the contract term for this solicitation?
The anticipated contract term is 30 years. Contract terms may include renewal options.
Is this solicitation still open for submissions?
Based on the posted deadline of November 24, 2026, this solicitation appears to still be accepting submissions. Deadlines may change through amendments or addenda, so always verify the current status directly with the issuing agency before preparing your response.
What documents are required to bid on this RFP?
Requirements vary by solicitation, but common documents include a technical proposal, cost/price proposal, proof of insurance, relevant certifications, past performance references, and any forms specified in the solicitation. This solicitation specifically requires the following attachments: Transmittal Letter, General Description of Firm and Assigned Principal Personnel, Experience in Serving as Senior Managing Underwriter for Comparable Obligations, Issue Structuring and Pricing, Rating. Review the full document from City of Rochester for the complete list.
What is the scope of this project?
This solicitation defines a specific project scope. The scope covers the following locations: Rochester, MN. Review the full solicitation for detailed scope requirements.