City of Lauderhill - Estimated Not-to-Exceed $2.7 Million Non-Ad Valorem Revenue Bond - RFP 2027-001 (2026)
City of LauderhillCity · Lauderhill, FL- Due
- Nov 2, 2026
- 16 days left
- Posted
- Oct 10, 2026
- Contract term
- 7 years
- Primary contact
- Purchasing Division
- (954) 777-2051
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THE 30-SECOND BRIEF
The City of Lauderhill, Florida is requesting proposals from qualified financial institutions to provide financing by way of a fixed rate, tax-exempt direct bank loan or lease-purchase agreement in an amount not to exceed $2.7 million for the Series 2026 Bond. Proceeds will finance the acquisition of police vehicles and other related equipment, and pay associated issuance costs, based on a 7-year repayment schedule with level debt service. Proposals are due by November 02, 2026 at 1:45 p.m. ET, with questions due by October 23, 2026. The financing will be secured by a covenant to budget and appropriate Non-Ad Valorem Revenues of the City. Proposers must provide interest rates for both Bank Qualified and Non-Bank Qualified status. Evaluation criteria include Total Borrowing Cost (65 pts), Prepayment Flexibility (10 pts), Fees and Expenses (10 pts), Financial and Legal Covenants (10 pts), and Experience with Comparable Florida Municipal Direct Loans (5 pts).
Total Borrowing Cost (True Interest Cost / Estimated Total Debt Service) (65), Prepayment Flexibility (10), Fees and Expenses (including Lender's Counsel) (10), Financial and Legal Covenants (10), Experience with Comparable Florida Municipal Direct Loans (5)
SUMMARY
The City of Lauderhill, Florida is requesting proposals from qualified financial institutions to provide financing by way of a fixed rate, tax-exempt direct bank loan or lease-purchase agreement in an amount not to exceed $2.7 million for the Series 2026 Bond.
Proceeds will finance the acquisition of police vehicles and other related equipment, and pay associated issuance costs, based on a 7-year repayment schedule with level debt service. Proposals are due by November 02, 2026 at 1:45 p.m. ET, with questions due by October 23, 2026. The financing will be secured by a covenant to budget and appropriate Non-Ad Valorem Revenues of the City. Proposers must provide interest rates for both Bank Qualified and Non-Bank Qualified status. Evaluation criteria include Total Borrowing Cost (65 pts), Prepayment Flexibility (10 pts), Fees and Expenses (10 pts), Financial and Legal Covenants (10 pts), and Experience with Comparable Florida Municipal Direct Loans (5 pts).
EVALUATION CRITERIA
Total Borrowing Cost (True Interest Cost / Estimated Total Debt Service) (65), Prepayment Flexibility (10), Fees and Expenses (including Lender's Counsel) (10), Financial and Legal Covenants (10), Experience with Comparable Florida Municipal Direct Loans (5)
REQUIRED ATTACHMENTS
6- PUR 7068
- Sworn Statement under Section 287.133(3)(a)
- Florida Statutes (Public Entity Crimes)
- Non-Collusion Affidavit
- Proposer's Qualifications Statement
- Confirmation of Drug-Free Workplace
- Submit to
- https://lauderhill.ionwave.net/
- Scope location
- Lauderhill, FL
Questions about this RFP
How do I respond to this RFP from City of Lauderhill?
Review the full solicitation document for submission requirements, evaluation criteria, and deadlines. The submission deadline is November 2, 2026. Be sure to include all required attachments as outlined in the solicitation. Submissions should be delivered to: https://lauderhill.ionwave.net/. For questions, contact Purchasing Division.
Can small businesses or minority-owned firms bid on this RFP?
Most government agencies, including City of Lauderhill 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 Purchasing Division at (954) 777-2051. Questions and answers are typically shared with all prospective bidders.
Can I search RFPs like this in ChatGPT or Claude?
Yes. Civic IQ has an MCP server that connects ChatGPT, Claude and other AI assistants to live Civic IQ data: open RFPs, pre-RFP signals from public meetings, awarded contracts and agency decision-makers across 100,000+ US public agencies. Add https://beta.mcp.civiciq.com/mcp as a connector (in ChatGPT under Settings > Apps & Connectors, in Claude under Settings > Connectors) and sign in with a free Civic IQ account at civiciq.com/mcp.
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What are the evaluation criteria for this solicitation?
This solicitation includes specific evaluation criteria that will be used to score proposals. The criteria include: "Total Borrowing Cost (True Interest Cost / Estimated Total Debt Service) (65), Prepayment Flexibility (10), Fees and Expenses (including Lender's Counsel) (10), Financial and Legal Covenants (10), Exp..." Vendors should carefully align their proposals with each criterion to maximize their score.
Where can I find more RFPs from City of Lauderhill?
All active and historical solicitations from City of Lauderhill are tracked and searchable. As a city agency, City of Lauderhill 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 7 years. Contract terms may include renewal options.
Is this solicitation still open for submissions?
Based on the posted deadline of November 2, 2026, this solicitation appears to still be accepting submissions. Deadlines may change through amendments or addenda, so always verify the current status directly with the issuing agency before preparing your response.
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: PUR 7068, Sworn Statement under Section 287.133(3)(a), Florida Statutes (Public Entity Crimes), Non-Collusion Affidavit, Proposer's Qualifications Statement, Confirmation of Drug-Free Workplace. Review the full document from City of Lauderhill for the complete list.
What is the scope of this project?
This solicitation defines a specific project scope. The scope covers the following locations: Lauderhill, FL. Review the full solicitation for detailed scope requirements.