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This Solicitation opportunity from Florida was posted on June 9, 2024. The submission period has ended. Browse the details below for market research, or find similar active opportunities.

Capital Improvement Revenue Bond, Series 2024

Closed
RFP-2024-35-0-2024/RHState & Local

Contract Overview

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The City of Ormond Beach, Florida, is seeking proposals from financial institutions capable of providing a fixed-rate, long-term loan to finance critical infrastructure upgrades through its Capital Improvement Revenue Bond, Series 2024. The primary purpose of this bond issuance is to fund enhancements to the city's telecommunications system and data center infrastructure, including replacing the existing citywide Centrex telecommunication system and upgrading storage area networks, servers, and related equipment. The bond will be a direct loan, with no public offering or disclosure documents prepared for issuance, emphasizing a straightforward borrowing process. Interested institutions are required to submit sealed responses clearly marked with the RFP number and title by the deadline of July 11, 2024. The solicitation, posted on June 9, 2024, specifies a contract size ranging from five million to fifteen million dollars, with the goal of securing the lowest overall borrowing cost under specified conditions. The project aligns with the NAICS code 517919, indicating a focus on telecommunications infrastructure. The City of Ormond Beach aims to select a financial partner that offers favorable fixed interest rates and terms to support its technology modernization efforts, ultimately enhancing its operational capabilities and service delivery.

General Info

Agency

Florida → City of Ormond Beach

Place of Performance

FL, USA

Set-Aside

NONE

Documents

0

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Timeline

PhaseClosed
Posted

Solicitation

Response Deadline

Deadline has passed

Submission Closed

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Organization & Contact Information

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AgencyFlorida → City of Ormond Beach
ContactsNo contacts available
OfficeN/A
Organization / Agency
Florida → City of Ormond Beach
Office AddressN/A
ContactsNo contact information available

Full Description

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The City of Ormond Beach, Florida (the “City”) is seeking offers from institutions that can provide the City with a fixed rate, term loan at the lowest overall borrowing cost, pursuant to certain conditions as determined by the City. The City’s Capital Improvement Revenue Bond, Series 2024 (the “2024 Bond”) will be issued to finance improvements to the City’s telecommunications system and data center infrastructure. The City will be replacing the existing Centrex telecommunication system citywide, and upgrading their storage area network, servers, and associated equipment. The 2024 Bond will be a direct loan and the City is not preparing any disclosure documents to facilitate a public offering. Responses shall be submitted in sealed envelopes and clearly identified as Capital Improvement Revenue Bond, Series 2024, RFP 2024-35 on the outside of the envelope.

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