RFP
Trustee Services for Tax Diversion Programs
The Urban Redevelopment Authority of Pittsburgh invites interested firms to submit a proposal to serve as the trustee for its current and future portfolio of tax diversions. The primary responsibilities of the selected firm will be collecting tax revenues, performing the required calculations to determine the pledged share of tax revenues that can be used to support eligible project costs, liaising with the appropriate tax authorities, preparing and submitting reports as requested by the URA, processing payments, and making requisite debt payments related to the URA’s portfolio of tax diversions.
RFP Details
Resources & Addendums
Request for Proposals & Exhibits
Accessing Ion Wave Technologies
Background Information
The Urban Redevelopment Authority of Pittsburgh invites interested firms to submit a proposal to serve as the trustee for its current and future portfolio of tax diversions. The primary responsibilities of the selected firm will be collecting tax revenues, performing the requisite calculations to determine the pledged share of tax revenues that can be used to support eligible project costs, liaising with the appropriate tax authorities, preparing and submitting reports as requested by the URA, processing payments, and making requisite debt payments related to the URA’s portfolio of tax diversions.
The URA plans to hire one or more respondents to provide the above-mentioned services for a multi-year contract. Interested firms should propose the length of the term, preferably in three- or five-year increments, in their proposal.
Proposal Timeline
- Nov. 16, 2022 - RFP Opens
- Nov. 30, 2022 at 5 PM EST - Question Due
- Dec. 14, 2022 at 5 PM EST - Proposals Due
- Dec. 19, 2022 – Dec 22, 2022 - Interviews (if deemed necessary)
- Jan. 12, 2023 - Board Authorization of Contract
This schedule is subject to change, and any changes will be reflected on this website. The due date of the RFP will not be changed without notice on this website.