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This Solicitation opportunity from Florida was posted on September 17, 2021. The submission period has ended. Browse the details below for market research, or find similar active opportunities.

Request for Bank Loan Proposals

Closed
RFP-21-1191-0-2021/CAState & Local

Contract Overview

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The City of Dunedin, Florida, is soliciting proposals from qualified financial institutions to secure a tax-exempt fixed rate bank loan. The primary purpose of this loan is to finance the acquisition of property within the Dunedin Community Redevelopment Agency's boundaries, which will be used for parking facilities and related improvements. Additionally, the proceeds will cover the costs associated with issuing the loan. The repayment of the loan will be sourced from legally available non-ad valorem revenues of the City, with a commitment to budget and appropriate these funds as needed. The City aims to obtain the most favorable financial and legal terms at the lowest overall borrowing cost through this process. The solicitation was posted on September 17, 2021, with a response deadline of October 7, 2021, and is part of the City’s efforts to support redevelopment and infrastructure improvements within its jurisdiction.

General Info

Agency

Florida → City of Dunedin

Place of Performance

FL, USA

Set-Aside

NONE

Documents

0

No documents available

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

Full Description

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The City of Dunedin, Florida (the “City”) is seeking proposals from qualified financial institutions to provide a tax-exempt fixed rate bank loan (the “Loan” or the “Note”), at the lowest overall borrowing cost and most favorable financial and legal terms, pursuant to certain conditions. The proceeds of the Loan will be used, along with other available money if any, for a) the costs of acquisition of property located within the geographic boundaries of the City of Dunedin Community Redevelopment Agency (the “CRA”) to be used for parking, and improvements related thereto, and b) to fund the cost of issuance associated with the Loan. The Loan will be payable from a covenant to budget and appropriate legally available non-ad valorem revenues of the City as further described herein.

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Keith Deutsch
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