Document included in this addendum: SR052517Addendum3
Illinois State University at Uptown Crossing
1220 Campus Box
100 South Fell Avenue, Suite D
Normal, IL 61790
The "Qualified Pool of Vendors" selection process requires that no pricing be submitted with your response to this RFP. However, vendors who are selected into this pool will be provided opportunities as they arise to submit quotes on an as-needed basis throughout the term of the contract.
The University anticipates refinancing approximately $58.5 million of the Student Housing Revenue Bonds, Series 2011 (CHF-Normal, L.L.C. - Illinois State University Project) ("Series 2011") that funded the construction of the 3rd party owned Cardinal Court residence hall. The University anticipates issuing its own Auxiliary Facilities System ("AFS") Revenue Bonds to fund the refinancing and then incorporate Cardinal Court into the Auxiliary Facilities System. During this period, the University anticipates issuing revenue bonds to fund various capital needs, including updates for Parking, Redbird Arena, and part of the Bone Student Center renovation.
In addition, the University may refinance outstanding revenue bonds and Certificates of Participation, as market conditions so warrant. During the 5 year term of this contract, the University anticipates issuing approximately between $20 million and $100 million for new money projects and up to $150 million for potential refunding opportunities and may use both fixed and variable rate debt with the vast majority anticipated to be tax-exempt. During the engagement, the University reserves its option to offer debt through competitive sales.
This transaction is subject to the State Board of Elections registration and certification requirements of Public Act 095-0971.
The State of Illinois has a policy to encourage prospective vendors to hire qualified veterans, minorities, females, persons with disabilities and ex-offenders.