This Solicitation opportunity from Florida was posted on April 5, 2019. The submission period has ended. Browse the details below for market research, or find similar active opportunities.
Water And Sewer Revenue Bond, Series 2019 Direct Bank Loan
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The City of Ormond Beach, Florida, is seeking proposals from qualified institutions to provide a bank-qualified fixed-rate, term loan in the form of a water and sewer revenue bond, with the goal of securing the lowest overall borrowing costs under specified conditions. This financing will be executed as a private placement, and the City will not prepare or distribute any disclosure documents related to the transaction. Public Financial Management is acting solely as the financial advisor for the City and is not involved as a placement agent. The funds raised through the Series 2019 Water and Sewer Revenue Bond, which will not exceed $4,550,000 in par amount, are designated for the construction, acquisition, and enhancement of the City’s water and sewer infrastructure, including extensions and improvements. The RFP was issued on April 5, 2019, with a response deadline of May 6, 2019, and is part of the City’s efforts to finance essential utility system upgrades in accordance with applicable Florida statutes.
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Place of Performance
FL, USASet-Aside
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Timeline
Submission Closed
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