Legal Services

The vendor is required to provide legal services in connection with the infrastructure investment incentive (I-Cubed) program.
- Negotiation and drafting of IDAA
• Review prior infrastructure development assistance agreements (IDAAS) executed by office in other i-cubed transactions to ensure consistency of language and approach;
• Understand and keep up-to-date on all statutes, regulations, rules, and guidance applicable to the i-cubed program, including the act, office regulations, department TIRs, and any relevant IRS tax rules applicable to public bond issuances;
• Draft IDAA and advise on contracting approaches to address unique issues related to the I-Cubed project at issue, including the adequacy of security to ensure timely completion of public infrastructure improvements, and any anticipated risks associated with insufficient revenues to cover debt service and transfers of ownership of the developer or public infrastructure improvements;
• Coordinate drafting process with due diligence performed by bond counsel for mass development, advising on any necessary contractual changes that may result;
• Coordinate and incorporate comments on IDAA language received from other contracting parties and their counsel; and
• Provide up to 10 hours of ongoing advice, upon request by office, regarding the interpretation or application of the IDAA during the remaining term of the contract.
- Review of bond closing documents
• Review prior bond closing documents executed in connection with the i-cubed program to ensure consistency of language and approach;
• Review commonwealth disclosures related to other commonwealth debt issuances, to the extent necessary to ensure accuracy and completeness of i-cubed bond documents;
• Understand and keep up-to-date on all applicable statutes, regulations, rules, and guidance, including any relevant IRS tax rules and federal securities laws; and
• Review, in collaboration with counsel representing mass development and other entities, bond closing documents related to the I-Cubed project at issue to ensure accuracy and completeness of all pertinent information.
- Contract Period/Term: 4 years
- Questions/Inquires Deadline: May 14, 2025