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Allentown Bid Process Summary - April 2013

The City of Allentown's bid process summary, initiated on February 27, 2013, documented the timeline, bidders, and outcomes. Bids were due by March 29, with four submitted proposals, three conforming: American Water ($192.5 million upfront, $750,000 annual payment), LCA ($205 million upfront, $500,000), and United Water ($150 million upfront, $500,000). A BAFO process commenced, leading to Lehigh County Authority's winning bid of $220 million upfront and a $500,000 annual payment, with adjustments for inflation considered in evaluation.

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Allentown Bid Process Summary - April 2013

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  1. City of AllentownBid Process Summary April 2013

  2. Bid Schedule Request for Bids (“RFB”) posted: February 27 Letter of Credit or Escrow Agreement due: March 28 Bids due: March 29 Best and Final Offer (“BAFO”) due: April 2 Council Introduction: April 3 Council Public Meeting April 17 Council Public Meeting April 22 Council Vote: April 25

  3. Bidder Responses • RFB Submissions: • Four bidders submitted proposals on March 29th • Three conforming bids received • American Water - $192.5mm upfront and $750,000 Annual City Payment • LCA - $205mm upfront and $500,000 Annual City Payment • United Water - $150mm upfront and $500,000 Annual City Payment • Two non-conforming bids received • BAFO process triggered • Highest bid plus any other bids within 10% of highest bid • BAFO Submissions: • Two bidders involved • Only change permitted is amount of upfront payment

  4. Results of Bidding Process • Lehigh County Authority submitted the highest bid • Summary of their proposal: • Upfront Payment: $220,000,000 • Annual City Payment*: $ 500,000 • *Annual City Payment grows by inflation; however, for bid comparison purposes a 6% present value factor was used and a 0% inflation factor.

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