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Bid Number: 2021-0010
Bid Title: RFP 2021-0010 TO PROVIDE TAX-EXEMPT FINANCING
Category: Administrative Services - Purchasing
Status: Closed

Description:

The City of Tavares, Florida (the “City”) will issue approximately $3,600,000  in an aggregate not-to-exceed principal amount, to finance water and wastewater improvements to the City combined water, wastewater and stormwater system ( the “Utility System”). The financing will be secured by and payable from the Net Revenues of Utility System and legally available impact fees, all in the manner and to the extent provided in the City's Master Utility System Bond Resolution. The City shall accept and review proposals from qualified banking institutions. Proposals for a tax-exempt fixed rate loan should be submitted based upon the proposed financing structure as indicated in the bid documents. The City will select the bank financing that provides the lowest overall borrowing cost to the City and meets the financing requirements of the City.

Publication Date/Time:
7/20/2021 5:00 PM
Publication Information:
Orlando Sentinel
Closing Date/Time:
8/10/2021 2:00 PM
Submittal Information:
City Clerk ,201 East Main St Tavares 32778
Bid Opening Information:
8-10-2021
Contact Person:
jrumble@tavares.org
Related Documents:

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