This Solicitation opportunity from Florida was posted on April 17, 2025. The submission period has ended. Browse the details below for market research, or find similar active opportunities.

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Bank Loan: Emerson Park Assessment Area

Closed

2025-A-180State & Local

Submission Closed05/08/2025, 12:00:00 AM UTC

Contract Overview

Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.

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Nyserda

POSTED

12 months ago

DEADLINE

in about 4 years

AI Contract Overview

The City of Apopka, Florida, is soliciting proposals from qualified financial institutions to provide a non-bank qualified, tax-exempt fixed-rate bank loan with a maximum principal amount of approximately $2,853,464. The primary purpose of this loan is to finance capital improvements related to roadways within the Emerson Park subdivision, including acquisition, construction, reconstruction, or installation activities. Additionally, the funds will cover the costs associated with issuing the loan and implementing special assessments on the properties within the Emerson Park Assessment Area, which will serve as security for the loan. The proceeds will also contribute to the city's share of project costs and related expenses. Bids must be submitted by 2:00 pm on Thursday, May 8, 2025, and late submissions will not be accepted. The project is managed by the Florida Finance Department, with Jessica Pugh serving as the primary contact. Interested parties can find more details and access the solicitation through the city’s procurement portal. This initiative aims to support infrastructure development in the specified area through a structured financing approach secured by special assessments on local properties.

General Info

Agency

Florida → Finance Department

NAICS

522291 - Consumer Lending

Place of Performance

FL, USA

Set-Aside

NONE

Documents

RFP 2025-A-180 Bank Loan Emerson Park Assessment Area

rfp

High

RFP 2025-A-180 Bank Loan Emerson Park Assessment Area

rfp

High

AI Contract Breakdown

Uniform Contract Format

Timeline

PhaseClosed

PostedApr 17

Solicitation

Response DeadlineMay 8

Deadline has passed

Submission Closed

05/08/2025, 12:00:00 AM UTC

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Organization & Contact Information

AgencyFlorida → Finance Department

Contacts1 person available

OfficeN/A

Organization / Agency

Florida → Finance Department

Office AddressN/A

Contacts

Jessica Pugh

contact@example.gov

+1 (555) 000-0000

Full Description

Bids will be received until 2:00 pm on Thursday, May 8, 2025. Late responses will not be accepted.The City of Apopka, Florida (the “City”) is seeking proposals from qualified financial institutions for a non-bank qualified, tax-exempt fixed rate bank loan in an aggregate principal amount not to exceed $2,853,464 (the “Loan” or the “Note”). The proceeds of the Loan will be used, along with other contributed funds, to fund (a) capital improvements to the roadways acquired, constructed, reconstructed or installed by the City for the benefit of the Emerson Park subdivision (the “Project”) and (b) the costs of issuance associated with the Loan and the funding through special assessments. The Loan will be secured by special assessments imposed by the City upon the real property comprising the Emerson Park Assessment Area. From the Loan proceeds, the City will fund its share of the Project costs, costs of issuance and expenses incurred in developing and implementing the special assessments.

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