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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.

November 16, 2022
December 14, 2022 at 5 PM EST

RFP Details

Please use Ion Wave Technologies, the URA's bidding platform, to submit questions regarding this RFP to James Reid, Manager of Strategic Initiatives & Business Growth Strategies, by November 30, 2022 at 5 PM EST. All proposals must be submitted through the URA's bidding platform, Ion Wave Technologies, and received by 5 PM EST on December 14, 2022.

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.

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