New York Sample Letter Notifying City of Counsel's Refusal to Submit Proposal to Serve as Bond Counsel

• Category: Letters - Legal - Bond Issue
• State: Multi-State
• Control #: US-0440LTR
• Format: Word; Rich Text

Description

This form is a sample letter in Word format covering the subject matter of the title of the form. [Your Name] [Your Address] [City, State, ZIP code] [Email Address] [Phone Number] [Date] [City of [City Name]] [City Department] [City Address] [City, State, ZIP code] Subject: [City Name] — Notification of Refusal to Submit Proposal for Bond Counsel Services Dear [City Department], I hope this letter finds you well. I am writing to formally notify the [City Name] regarding my decision to decline the opportunity to submit a proposal to serve as Bond Counsel for the upcoming [type of bond issuance or project, e.g., general obligation bonds, revenue bonds, construction project]. After careful consideration, I have determined that it is not in the best interest of my firm, [Firm Name], to pursue this opportunity at this time. Our team has taken into account various factors, including workload, existing commitments, and strategic priorities, which have collectively influenced our decision. While we value the opportunity to collaborate with the esteemed local government of [City Name], our current workload and service commitments prevent us from dedicating the necessary resources to ensure the high-quality level of service that we strive to deliver consistently. It is essential to us that we maintain the standards that both my firm and the city expect in such engagements. As practitioners in the field of bond counsel, we understand the significance and the responsibility associated with such a role. We recognize that the city's bond issuance deserves the expertise, dedication, and attention that can only be provided by those who are fully prepared to meet these demands. Therefore, I believe it is in the city's best interest to consider other qualified firms whose capacity aligns more closely with the requirements of this engagement. I highly recommend that you reach out to other reputable firms specializing in bond counsel services to ensure a comprehensive and competitive selection process. By widening the pool of potential candidates, the city will undoubtedly benefit from an extensive range of expertise and competitive pricing in securing the most suitable Bond Counsel for your needs. Please consider this letter as my official notification of our refusal to submit a proposal to serve as Bond Counsel for the aforementioned project. I appreciate your understanding and regret any inconvenience this may cause. Should circumstances change or new opportunities arise in the future, my firm is enthusiastic about the possibility of collaborating with the city and is determined to maintain a strong relationship throughout. Thank you for giving us the chance to be part of this process. If you need any further information or assistance in recommending potential alternate firms or practitioners, please do not hesitate to reach out to me at [Phone Number] or via email at [Email Address]. I am more than willing to assist you in any way possible. I wish you and the [City Name] the best of luck in finding the ideal Bond Counsel for this important endeavor. May your future projects be as successful and prosperous as ever. Sincerely, [Your Name] [Your Title] [Your Firm Name]

[Your Name] [Your Address] [City, State, ZIP code] [Email Address] [Phone Number] [Date] [City of [City Name]] [City Department] [City Address] [City, State, ZIP code] Subject: [City Name] — Notification of Refusal to Submit Proposal for Bond Counsel Services Dear [City Department], I hope this letter finds you well. I am writing to formally notify the [City Name] regarding my decision to decline the opportunity to submit a proposal to serve as Bond Counsel for the upcoming [type of bond issuance or project, e.g., general obligation bonds, revenue bonds, construction project]. After careful consideration, I have determined that it is not in the best interest of my firm, [Firm Name], to pursue this opportunity at this time. Our team has taken into account various factors, including workload, existing commitments, and strategic priorities, which have collectively influenced our decision. While we value the opportunity to collaborate with the esteemed local government of [City Name], our current workload and service commitments prevent us from dedicating the necessary resources to ensure the high-quality level of service that we strive to deliver consistently. It is essential to us that we maintain the standards that both my firm and the city expect in such engagements. As practitioners in the field of bond counsel, we understand the significance and the responsibility associated with such a role. We recognize that the city's bond issuance deserves the expertise, dedication, and attention that can only be provided by those who are fully prepared to meet these demands. Therefore, I believe it is in the city's best interest to consider other qualified firms whose capacity aligns more closely with the requirements of this engagement. I highly recommend that you reach out to other reputable firms specializing in bond counsel services to ensure a comprehensive and competitive selection process. By widening the pool of potential candidates, the city will undoubtedly benefit from an extensive range of expertise and competitive pricing in securing the most suitable Bond Counsel for your needs. Please consider this letter as my official notification of our refusal to submit a proposal to serve as Bond Counsel for the aforementioned project. I appreciate your understanding and regret any inconvenience this may cause. Should circumstances change or new opportunities arise in the future, my firm is enthusiastic about the possibility of collaborating with the city and is determined to maintain a strong relationship throughout. Thank you for giving us the chance to be part of this process. If you need any further information or assistance in recommending potential alternate firms or practitioners, please do not hesitate to reach out to me at [Phone Number] or via email at [Email Address]. I am more than willing to assist you in any way possible. I wish you and the [City Name] the best of luck in finding the ideal Bond Counsel for this important endeavor. May your future projects be as successful and prosperous as ever. Sincerely, [Your Name] [Your Title] [Your Firm Name]