Request For Proposals Municipal Advisor Services

Location:	Colorado
Posted:	Apr 29, 2026
Due:	Jun 1, 2026
Agency:	City of Craig
Type of Government:	State & Local
Category:	S - Utilities and Training Services
Publication URL:	To access bid details, please log in.

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REQUEST FOR PROPOSALS (RFP)

Municipal Advisor Services-Craig Sports Complex

City of Craig

300 West 4th Street

Craig, CO 81625

www.ci.craig.co.us

Issue Date: Wednesday, April 29, 2026

Closing Date: Monday, June 1, 2026, at 10:00 am (MST)

INSTRUCTIONS FOR PROPOSERS

Proposals for the “Municipal Advisor Services-Craig Sports Complex” project will be

received by the City of Craig (Owner) via Bidnet Direct at

https://www.bidnetdirect.com/colorado/cityofcraig or mailed, emailed, or hand delivered to City

Hall at 300 West Fourth Street, Craig, Colorado 81625, until 10:00 AM (MST) prevailing time

on Monday, June 1, 2026. Late proposals will not be considered and will be returned to the

proposer unopened.

Questions regarding the scope of work must be submitted in writing to the City Clerk at

kcarmody@cityofcraig.org, no later than 5:00 pm on Monday, May 11, 2026. Responses to all

questions shall be issued in the form of an Addendum to be issued by the City of Craig by no

later than 5:00 pm on Monday, May 18, 2026.

The Owner may waive any informalities or minor defects or reject any or all proposals. Any

proposal may be withdrawn prior to the above scheduled time for the opening of proposals or

authorized postponement thereof. Any proposal received after the time and date specified shall

not be considered. No proposer may withdraw a proposal within 60 days after the actual date of

the opening thereof. Should there be reasons why the contract cannot be awarded within the

specified period the time may be extended by mutual agreement between the Owner and the

proposer.

The party to whom the contract is awarded will be required to execute the agreement. The

notice to proceed shall be issued within ten (10) days of the execution of the agreement by the

Owner. Should there be reasons why the notice to proceed cannot be issued within such period,

the time may be extended by mutual agreement between the Owner and the proposer. If the

notice to proceed has not been issued within the ten (10) day period or within the period

mutually agreed upon, the proposer may terminate the agreement without further liability on the

part of either party.

The Owner may make such investigations as they deem necessary to determine the ability of

the proposer to perform work, and the proposer shall furnish to the Owner all such information

and data for this purpose as the Owner may request. The Owner reserves the right to reject any

proposals if the evidence submitted by, or investigation of, such proposer fails to satisfy the

Owner that such proposer is properly qualified to carry out the obligations of the agreement and

to complete the work contemplated therein.

All applicable laws, ordinances, and the rules and regulations of all authorities having

jurisdiction over the project shall apply to the contract throughout.

This project is exempt from Sales Tax requirements. The party to whom the contract is awarded

will be required to complete all necessary forms to document the exemption.

Instructions for Bidders

Page 1

CITY OF CRAIG, COLORADO

REQUEST FOR PROPOSALS (RFP)

Municipal Advisor Services – Craig Sports Complex

I. Introduction

The City of Craig, Colorado (“City”) is soliciting proposals from qualified firms to provide municipal

advisory services for the proposed Craig Sports Complex.

The selected firm will assist the City with financial planning, modeling, and evaluation of potential

financing strategies, including preparation for a possible future tax initiative. The City seeks a firm

with demonstrated expertise in municipal finance, particularly for parks, recreation, and

community facility projects.

II. Project Background

The City currently operates two outdoor seasonal aquatic facilities that serve as key amenities

within the Parks & Recreation system. The lap pool is approaching 50 years of service, and the

wave pool has exceeded 40 years. While both remain highly utilized, aging infrastructure has

resulted in increased maintenance needs and rising repair costs.

A 2022 feasibility study identified the following:

• Approximately $2 million in repairs needed to restore existing facilities

• Strong community support for a year-round indoor aquatic facility

• Additional demand for indoor recreation space, including gymnasiums and multipurpose

areas

Following the study, the City engaged Ohlson Lavoie Corporation to complete programming,

concept planning, and schematic design for the Craig Sports Complex. The complex is 70,000

square feet at a total project cost of $60 million dollars.

III. Project Goals

• Develop a financially sustainable recreation facility

• Identify viable and cost-effective funding strategies

• Minimize taxpayer burden while maximizing community benefit

• Prepare for a potential future ballot initiative (most likely)

• Clearly communicate funding strategies to elected officials, stakeholders and the public

IV. Anticipate Scope of Services

A. Financial Modeling & Analysis

• Develop detailed financial models for multiple funding scenarios

• Analyze revenue capacity, debt affordability, and tax impacts

• Provide all models in a format fully transferable to the City

B. Financing Strategy

• Identify and evaluate a multi approach to financing structures (e.g., general obligation

bonds, revenue bonds, certificates of participation, sales tax)

• Recommend optimal financing approaches based on City goals and constraints

• Analyze short- and long-term financial impacts and risks

• Assess economic assumptions

C. Market & Funding Advisory

• Provide ongoing analysis of market conditions and interest rate trends

• Identify and evaluate creative supplemental funding sources, including grants and loans

• Recommend strategies to minimize borrowing costs and financial risk

D. Coordination & Representation

• Assist in preparing materials and participating in meetings with City Council, staff, and

stakeholders

• Assist in preparation of resolutions, reports, and supporting documentation

• Representing the City’s interests in financing-related discussions

E. Public Communication Support

• Assist with development of presentation materials

• Support community education efforts related to financing options

F. Debt Issuance Advisory

• Provide advisory support related to potential future debt issuance

• Assist in preparation of financing timeline

V. Proposal Requirements

• Firm background and qualifications (limit to 10 pages front and back)

• Project team and key personnel

This is the opportunity summary page. It provides an overview of this opportunity and a preview of the attached documentation.

Description	Opening Date/Time	Closing Date/Time
Request For Proposals Municipal Advisor Services - Craig Sports Complex	April 29, 2026 8:00 AM	June 01, 2026 10:00 AM

Request For Proposals Municipal Advisor Services - Craig Sports Complex

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