This Solicitation opportunity from Florida was posted on September 2, 2026. The submission period has ended. Browse the details below for market research, or find similar active opportunities.
Tax-Exempt Capital Improvement Refunding Revenue Note
Contract Overview
Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.
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The City of New Smyrna Beach is soliciting proposals from qualified financial institutions for a tax-exempt, fixed-rate loan of up to 11,500,000 dollars. The primary purpose of this financing is to refund the City's outstanding Capital Improvement Revenue Note, Series 2024, and to cover associated issuance costs. The loan will be evidenced by a Capital Improvement Refunding Revenue Note and secured by a covenant to budget and appropriate from non-ad valorem revenues. Proposers must offer fixed interest rates for two maturity options, with final dates of October 1, 2041, or October 1, 2046. The expected closing date for the loan is approximately October 16, 2026. Eligible lenders must be accredited investors and authorized to do business in the State of Florida, specifically as banks, trust companies, savings institutions, or insurance companies. Proposals are due by September 21, 2026, and must be submitted as a single PDF via the City's e-Procurement Portal. The submission must include detailed fee schedules, a fixed interest rate, and various required forms, including conflict-of-interest and human trafficking affidavits. Award recommendations will be based on the best overall respondent whose terms and conditions are deemed most advantageous to the City, as determined by a committee consensus.
General Info
Agency
Place of Performance
FL, USASet-Aside
Timeline
Submission Closed
Organization & Contact Information
Interested Companies (8)
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Full Description
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