BANK FINANCING FOR CAPITAL IMPROVEMENT REVENUE NOTE
Interested companies, firms, and individuals (“Respondents”) may obtain a copy of the solicitation (the “Solicitation”) at https://www.miamisprings-fl.gov/rfps or through the Onvia DemandStar portal (www.demandstar.com). The Solicitation contains detailed information about the scope, submission requirements, and selection procedures.
Solicitation Scope:
The City of Miami Springs (“City”) is soliciting proposals from qualified financial
Institutions to provide a taxable fixed-rate revenue note for capital improvements
and equipment acquisition (the "Revenue Note") in the amount of $1,274,030.00 at
the lowest overall borrowing cost, pursuant to certain conditions for a five (5) year
term with quarterly or Semiannual payments. The City intends to award a financial
institution that provides: (a) the lowest overall borrowing cost and best fixed rate for
the entire term of the Revenue Note, and (b) the best terms and conditions
determined by the City to be most advantageous to the City.