DSU Direct Purchase of Revenue Bonds

Dickinson State University, on behalf of the State Board of Higher Education, is issuing an RFP to qualified banks to provide a tax‑exempt direct‑purchase financing facility of up to $6.7 million for the Woods Hall Renovation Project. The renovation will modernize student housing, add an elevator for ADA access, and increase capacity by 68 beds. The financing will be amortized over a preferred 30‑year term with annual principal payments beginning April 1, 2027 and semi‑annual interest payments. The university will contribute $800 k toward construction costs; the remaining $6.7 M is to be funded through the bond issuance. The RFP includes a pricing‑focused evaluation (40 % weight), commitment/pre‑payment terms (35 %), covenant terms (10 %), and other discretionary criteria (15 %). Submissions must be uploaded as two separate PDFs (technical and cost) to the ND Buys portal by 5:00 PM CT on May 29, 2026. • Financing amount: up to $6.7 M (tax‑exempt, non‑qualified bonds) • Project cost: $7.5 M total; university contributes $0.8 M, bonds cover remainder • Bond terms: 30‑year amortization, annual principal due Apr 1, first payment 2027; semi‑annual interest due Apr 1 & Oct 1, first interest Oct 1 2026 • Evaluation: 40 % price, 35 % commitment/pre‑payment, 10 % covenants, 15 % other • Submission: two PDFs ≤56 MB each via NDBUYS; deadline May 29, 2026 5 PM CT; questions due May 22, 2026.