Addendum_1_RFQ2025-002_Capital_Improvement_Revenue_Bonds_Series_2025.pdf
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- Solicitation number
- RFQ2025-002
- Issued by
- Polk County, Lake Harbor CDP, Florida
About this file
This document is Addendum No. 1 for the City of Kissimmee's Capital Improvement Revenue Bonds Series 2025, with Bid No. RFQ2025-002, issued on April 22, 2025. The addendum provides clarifications and responses to two specific questions from potential proposers regarding existing utility transfer agreements and hurricane-related financial impacts. The document requires proposers to acknowledge receipt of the addendum by completing the appropriate section in the Request for Qualifications (RFQ) and submitting the form with their proposal.
The addendum reveals that the Transition Agreement with Toho Water Authority has an initial term through September 30, 2029, with automatic 25-year renewals unless the City opts out, while the agreement with Kissimmee Utility Authority is embedded in the City's Charter with no expiration date. Regarding recent hurricane impacts, the City has three open FEMA projects from Hurricane Milton and Hurricane Ian, totaling $1.27 million in expected reimbursements, with all other damage being minimal or covered by insurance. The overall project involves a taxable direct loan of up to $22 million to fund capital improvements at the City-owned Gateway Airport, with proceeds also covering capitalized interest and issuance costs.
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Text version
April 22, 2025 Addendum No. 1
Project: Capital Improvement Revenue Bonds Series 2025 Bid No: RFQ2025-002
TO ALL PROPOSERS:
The following items are clarifications, corrections, additions, deletions and / or revisions, which shall take precedence over the original documents.
Question 1: Please provide the expiration dates of existing agreements for transfers from Toho
Water Authority and Kissimmee Utility Authority, if any.
Answer: The Transition Agreement with Toho has an initial term through September 30, 2029 and thereafter automatically renews for successive 25 year periods unless the City opts out. There is no expiration date to the agreement with Kissimmee Utility Authority.
It is written in the City’s Charter.
Question 2: Please provide financial impacts from recent hurricanes (damage and reimbursement expectations) if any.
Answer: The City has 3 open projects with FEMA from Hurricane Milton and Hurricane Ian totaling $1.27M that it expects reimbursement for. All other damage was minimal or covered by insurance.
A. ACKNOWLEDGMENT OF ADDENDA:
1. The proposer shall acknowledge receipt of this addendum by completing the applicable section in the RFQ. The Proposer shall submit said Form with the proposal.
2. All other terms and conditions of the RFQ remain unchanged.
Brandon Durango Procurement Manager
ACKNOWLEDGMENT OF ADDENDA NO.(S) _________ (IF APPLICABLE)
(Signature)
COMPANY NAME _______________________________________
COMPANY ADDRESS _______________________________________
BY: _________________________ DATE:________________________
(signature)
_____________________________ EMAIL:_______________________
(typed name/title of signer)
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