City of Flagler Beach Request for Bank Loan Proposals FB-24-0910 - Fishing Pier Repair
City of Flagler Beach, City of Flagler Beach, FL·City
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- Primary Contact
- Hollie Harlan
- Contract Term
- 3 years
- Scope Location
- Flagler Beach, Florida
- Submission Address
- 105 S. 2nd Street Flagler Beach, Florida 32136
SUMMARY
The City of Flagler Beach, Florida is requesting proposals from financial institutions for a non-bank qualified, tax-exempt non-revolving line of credit (FB-24-0910) in an amount up to $21,000,000. The loan proceeds will fund the repair and replacement of the Flagler Beach Fishing Pier and related issuance costs. The proposed financing structure includes a 3-year final maturity from closing, a variable interest rate, and semi-annual interest payments. Proposals will be evaluated based on the lowest overall borrowing cost and meeting city requirements. Submissions are due by October 15, 2024, at 3:00 p.m. local time, either in person or by mail to the City's physical address. Hilltop Securities Inc. is serving as the Financial Advisor for this transaction.
REQUIRED ATTACHMENTS
Interest Day Count Method
This was decided in a budget meeting long before the RFP was public. Civic IQ had it then. The next one doesn't have to get away.
Work in government? Get Civic IQ free →Frequently asked questions
Common questions about this solicitation, answered from the record.
How do I respond to this RFP from City of Flagler Beach?
Review the full solicitation document for submission requirements, evaluation criteria, and deadlines. The submission deadline is October 15, 2024. Be sure to include all required attachments as outlined in the solicitation. Submissions should be delivered to: 105 S. 2nd Street Flagler Beach, Florida 32136. For questions, contact Hollie Harlan.
Where can I find more RFPs from City of Flagler Beach?
All active and historical solicitations from City of Flagler Beach are tracked and searchable. As a city agency, City of Flagler Beach regularly publishes solicitations. Visit the agency profile to see current open bids, past contracts, vendor relationships, and decision-maker contacts.
What is the contract term for this solicitation?
The anticipated contract term is 3 years. Contract terms may include renewal options.
What documents are required to bid on this RFP?
Requirements vary by solicitation, but common documents include a technical proposal, cost/price proposal, proof of insurance, relevant certifications, past performance references, and any forms specified in the solicitation. This solicitation specifically requires the following attachments: Interest Day Count Method. Review the full document from City of Flagler Beach for the complete list.
Can small businesses or minority-owned firms bid on this RFP?
Most government agencies, including City of Flagler Beach in FL, encourage participation from small businesses, minority-owned, women-owned, and disadvantaged business enterprises (MBE/WBE/DBE). Check the full solicitation for any small business participation goals.
What happens after the RFP submission deadline?
After the deadline, the issuing agency reviews all submissions against the stated evaluation criteria. This typically includes a compliance check, technical evaluation, cost analysis, and may involve oral presentations with shortlisted vendors.
Can I ask questions about this solicitation before submitting?
Yes, most solicitations allow vendors to submit questions during a designated period. The primary contact is Hollie Harlan. Questions and answers are typically shared with all prospective bidders.
What is the scope of this project?
This solicitation defines a specific project scope. The scope covers the following locations: Flagler Beach, Florida. Review the full solicitation for detailed scope requirements.
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