REQUEST FOR PROPOSAL RFP TO PROVIDE TAX-EXEMPT FINANCING

Bid Number:2023-0006 Bid Title:REQUEST FOR PROPOSAL RFP TO PROVIDE TAX-EXEMPT FINANCING Category:Administrative Services - PurchasingStatus:Open Description: The City of Tavares, Florida (the “City”) will issue not-to-exceed $1,000,000 in an aggregate principal amount of tax-exempt debt, to provide financing for the purchase of a Ladder/Aerial Fire Truck for the City. The proposed loan will be secured and payable by a covenant to budget and appropriate from legally available non-ad valorem revenues of the City. The City shall accept and review proposals from qualified banking institutions. Proposals for a bank qualified, 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. Hilltop Securities Inc. (“Hilltop”), Orlando, Florida, as the City’s Financial Advisor, will be assisting the City in obtaining the Loan Publication Date/Time: 11/18/2022 7:00 AM Publication Information: Orlando Sentinel Closing Date/Time: 12/6/2022 2:00 PM Submittal Information: jrumble @tavares .org or 201 East Main St 32778 Related Documents: City of Tavares - Capital Imprv Rev Note Final Return To Main Bid Postings