City seeks proposals for financing stormwater utility revenue bonds.
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- Published
- Category
- Bid Notice
- City
- Fort Lauderdale
Research context
What to do next
- 1
Prepare Your Proposal
Ensure your proposal meets all requirements outlined in the RFP before submission.
- 2
Submit by Deadline
Submit your proposal via IonWave by 1:45 p.m. on March 20, 2026.
- 3
Attend Proposal Opening
Join the opening of proposals at 2:00 p.m. on March 20, 2026, for results.
Frequently asked questions
- What is the deadline for submitting proposals?
- Proposals must be submitted by 1:45 p.m. on March 20, 2026.
- How can I submit my proposal?
- Proposals should be submitted via IonWave at https://lauderhill.ionwave.net/.
- What is the purpose of the bond?
- The bond will finance stormwater utility improvements in Lauderhill.
- When will the proposals be opened?
- Proposals will be opened at 2:00 p.m. on March 20, 2026.
The suggestions and answers above are AI-generated for general information only. They can be wrong, and we don't take responsibility for their accuracy. Talk to a qualified professional before acting on them.
Full Notice Text
NOTICE Estimated Not-to-Exceed $5,000,000 Stormwater Utility Revenue Bond, Series 2026 RFP 2026-029 CITY OF LAUDERHILL, FLORIDA Sealed proposals will be received by the City of Lauderhill, Florida (the City) at the office of the Purchasing Department for the purpose of selecting one or more qualified financial institutions to provide financing by way of fixed rate, tax-exempt, bank loans as described below that are the subject of this Request for Proposals. The City will not accept any offer with capital adequacy, cross default, acceleration due to non major items or other interest rate adjustment language with respect to changes to tax law including as a result of most favored nation clauses. The only interest rate adjustment provision the City will consider will be limited to an agreed upon fixed taxable rate in the event the applicable financing is determined to be taxable solely as a result of actions of the City or, in the case of the 2026 Bonds (as defined below), to non-bank qualified solely as a result of actions of the City (neither of which will be an event of default). The selected financial institution (the Lender) will provide a 20-year term loan structured with four (4) years of interest-only payments followed by annual principal amortization beginning October 1, 2030, with final maturity on October 1, 2045. Interest shall be payable semi-annually on April 1 and October 1 on a 30/360-day basis. Proposals should assume an issuance date of February 25, 2026, as soon as practicable or after second reading of the series ordinance authorizing the 2026 Bonds anticipated on April 2026. Proposals will be received by the City until 1:45 p.m., March 20, 2026 and opened at 2:00 p.m. Any proposal received after the time and date specified will not be accepted. All proposals shall be submitted via IonWave https://lauderhill.ionwave.net/. 2/27, 3/6/2026 33999
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