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Identification

Reference Number: 22029717
Request ID:13-74784
Date First Offered01/11/2013
Title:Bond, Issuer and Underwriter's Counsel

Agency Reference Number:2012-HDA-LE-039
Agency:HDA - Housing Development Authority
Purchasing Agency:HDA - Housing Development Authority
Purchasing Agency SPO:Brian Quinn

Status: Closed

Overview

Description and Specifications:
The Authority utilized the RFP method for selecting firms to serve in the following three (3) areas: Bond Counsel, Issuer's Counsel, and Underwriter's Counsel. Interested firms were allowed to respond to any combination of these categories and were evaluated seperately for each. The breakdown of firms selected for each category is located later in this notice under the award amount description. The contract start and end dates are estimated and will begin upon execution of the contract.

The firms listed in this notice did not offer the lowest price of all responding firms, however, the services contemplated in the solicitation are professional and artistic in nature, with the individuals and firms being qualified by education, experience, and technical ability. The firms being awarded scored the highest on the evaluation criteria for their respective categories of legal work. The Authority believes that the rates listed are fair and reasonable.

Key Information

Notice Type:Award to Other Than Lowest Responsible Bidder

Published:04/30/2013
Notice Expiration Date:05/14/2013

Determination that the Anticipated

Cost is Fair and Reasonable:
The Authority determined that the respondents with the lowest price were not the most qualified respondents. The vendors selected for award received higher scores during the RFP evaluation the Authority believes they are the most qualified.

Professional & Artistic:Yes
Small Business Set-Aside:No

Does this solicitation contain a BEP or DBE requirement?:Yes

Does this solicitation contain a Veteran requirement?:

Relevant Category:General Services

Total Amount of Award:$1,000,000.00 (Total Dollar Value Only/Includes Any Renewal Options)
Estimated/Actual Value Description:Estimated. Schedule of Fees is as follows:

Bond Counsel - All Programs
Firms:
Edwards Wildman Palmer LLP
Foley & Lardner LLP
Ice Miller LLP
Kutak Rock LLP
Peck Schaffer & Williams LLP
Approved Fees:
$58,000 flat fee for a Single Family HMRB Transaction
$50,000 flat fee for a Single Family Tax Exempt Transaction
$40,000 flat fee for a Single Family Taxable Transaction
$45,000 flat fee for a Multi-Family Conduit Transaction
$45,000-$60,000 flat fee for a Multi-Family Transaction (based on complexity)

Co-Bond Counsel
Firms:
Pugh, Jones, & Johnson, P.C.
The Tyson Law Group
Approved Fees: 25% of Bond Counsel's flat fee

Issuer's Counsel
Firm:
Schiff Hardin LLP
Approved Fees:
$340-$450/hour
$20,000 flat fee for Single Family Transactions
$15,000 flat fee for Multi-Family Transactions

Underwriter's Counsel
Firms:
Burke, Burns & Pinelli Ltd.
Greenberg Traurig, LLP
Miller Canfield
Thompson Coburn LLP
Ungaretti & Harris LLP
Approved Fees:
$35,000 flat fee for Single Family Transactions
$30,000 flat fee for Multi-Family Transactions
Length of Initial Term:24
Contract Begin Date:05/15/2013
Contract End Date:05/14/2015
Renewal Terms:0

Bidder(s)


Number of Responding Bidders:23
Number of Unsuccessful Bidders:10
Total Number Awarded:13

Listing of All Bidders/Offerors Considered But Not Selected:
Burke, Warren, MacKay & Serritella, P.C.
Quarles & Brady LLP
Quintairos, Prieto, Wood & Boyer, PA
Hardwick Law Firm
Reyes Kurson Ltd.
Holland & Knight LLP
Mayer Brown LLP
Chapman and Cutler LLP
Michael Best & Friedrich
Sanchez Daniels & Hoffman LLP
Source Selection:RFP

Vendor(s) Selected for Award
Vendor NameAmount of Award BEP Goal % DBE Goal %
Ungaretti & Harris LLP$60,000.000%0%
Thompson Coburn LLP$60,000.000%0%
The Tyson Law Group, LLC$50,000.000%0%
Schiff Hardin LLP$200,000.0019%0%
Pugh, Jones & Johnson$50,000.00100%0%
Peck, Schaffer & Williams LLP$80,000.000%0%
Miller, Canfield, Paddock and Stone$60,000.000%0%
Kutak Rock LLP$80,000.005%0%
Ice Miller LLP$80,000.0030%0%
Greenberg Traurig LLP$60,000.000%0%
Foley & Lardner LLP$80,000.000%0%
Edwards Wildman Palmer LLP$80,000.000%0%
Burke, Burns, & Pinelli Ltd.$60,000.00100%0%

Notice Contact
Name: Maureen G. Ohle, General Counsel
Street Address:Illinois Housing Development Authority
401 N. Michigan Avenue, Suite 700
City:Chicago
State:IL
Zip Code:60611
Phone: 312-836-5339
Fax Number:312-832-2184
EMail Address:maohle@ihda.org

Class Code

Class Codes:S350 Legal/Legislative Services

NIGP Code

NIGP Commodity/Service Code:


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