Notice Details

New York City Economic Development Corporation (“NYCEDC”) on behalf of the New York City Industrial Development Agency (“NYCIDA”) and the Build NYC Resource Corporation (“Build NYC”, collectively with NYCIDA, the “Entities”) is seeking (1) to select one or more trustees to provide bond trustee services to the Entities (the “Bond Trustee(s)”) and (2) to select a trustee to provide services related to payments in lieu of New York City real estate taxes (“PILOT”), including administration and collection of PILOT (the “PILOT Trustee”). The selected Bond Trustee(s) will maintain new bond issuances and may be asked to assume certain outstanding bonds, while the PILOT Trustee will administer and collect PILOT owed to the NYCIDA. Selection of the Bond Trustee(s) and the PILOT Trustee will be made through a request-for-proposals process. NYCEDC’s Request for Proposals for this purpose, on behalf of the NYCIDA and Build NYC (the “RFP”) will be available as detailed in the last paragraph of this Notice.
NYCEDC plans to select one or more trustees on the basis of factors stated in the RFP which include, but are not limited to: the quality of the proposal, experience and quality of any subcontractors proposed, demonstrated successful experience in performing services similar to those encompassed in the RFP, and the proposed cost and fee schedules.
It is the policy of NYCEDC to comply with all federal, state and City laws and regulations which prohibit unlawful discrimination because of race, creed, color, national origin, sex, age, disability, marital status and other protected category and to take affirmative action in working with contracting parties to ensure certified Minority and Women-owned Business Enterprises (MWBEs) share in the economic opportunities generated by NYCEDC’s projects and initiatives. Please refer to the Equal Employment and Affirmative Compliance for Non-Construction Contracts Addendum in the RFP.
Companies who have been certified with the New York City Department of Small Business Services as Minority and Women Owned Business Enterprises (“M/WBE”) are strongly encouraged to apply. To learn more about M/WBE certification and NYCEDC’s M/WBE program, please visit https://sbsconnect.nyc.gov/certification-directory-search/.