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CITY OF DUNEDIN REQUEST FOR BANK LOAN PROPOSALS RFP 24-1255
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, for a) a golf course renovation project of the City's municipal golf course, 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.
The City shall only accept and review proposals from qualified financial institutions. Proposals for a tax-exempt fixed rate loan should be submitted based upon the proposed financing structure below. The City will select the bank financing that provides the lowest overall borrowing cost and most favorable financial and legal terms in its sole and absolute discretion. Hilltop Securities Inc. (“HilltopSecurities”), Orlando, Florida, as the City's Financial Advisor, will be assisting the City with respect to the Loan.
The RFP may be picked up at the address below. You may also email your request for a copy of the RFP to [email protected] or you may download the RFP from www.demandstar.com.
Proposals. Proposals in response to this Request for Proposal (RFP) shall be submitted in a sealed envelope (please submit one unbound original and one electronic usb copy), clearly identified as:
RFP 24-1255
“REQUEST FOR BANK LOAN PROPOSALS”
2:00 PM (EST) WEDNESDAY, February 21, 2024
DO NOT OPEN IN MAILROOM
Proposals shall be mailed or delivered to:
Dunedin City Hall
Attn. Purchasing Agent
737 Louden Ave, Suite 212
Dunedin, Fl. 34698
Alternatively, responses may be submitted via email as follows:
Email Subject: DUNEDIN RFP 24-1255 - REQUEST FOR BANK LOAN
PROPOSALS
Email Address: [email protected]
Due Date & Time: Wednesday, February 21, 2024 @ 2:00 pm Eastern
Standard Time
Proposals are due no later than the date and time noted above. Any proposal received after that date and time may not be accepted. Any individual requiring special assistance must notify the Purchasing Office (at the email address above) in writing 48 hours in advance of the due date and time so that arrangements can be made. No proposal shall be withdrawn for a period of ninety (90) days from the opening date without the consent of the City of Dunedin, Florida.
_____________________________________
Charles H. Ankney, CPPO
Purchasing Agent
January 26, 2024 24-00445N