Addendum_2_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. 2 for the City of Kissimmee's Capital Improvement Revenue Bonds Series 2025, with Bid No. RFQ2025-002, issued on April 23, 2025. The addendum addresses two specific questions from potential proposers regarding existing debt covenants and loan agreements. The document provides clarification that the City has two covenant loans with anti-dilution tests (Series 2014A and Series 2015A) and indicates that requested loan agreements for Series 2010C and 2015B will be attached.
The addendum requires proposers to acknowledge receipt by completing the appropriate section in the Request for Qualifications (RFQ) and submitting the form with their proposal. The underlying project involves a taxable direct loan of up to $22 million to fund capital improvements at the City-owned Gateway Airport, including provisions for capitalized interest for the first year and costs of issuance. The loan will be secured by Pledged Funds, with the City seeking the lowest borrowing cost and most favorable terms. Potential proposers are directed to contact Tavia Ritchie, City Finance Director, or Richard T. Wagner, the Authority's Financial Advisor, for any additional information or questions.
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Text version
April 23, 2025 Addendum No. 2
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: Does any existing CBA debt maintain any annual covenants, PDR maintenance requirements, or Ad Bonds tests?
Answer: The City only has two covenant loans with anti-dilution tests; Series 2014A and Series
2015A.
Question 2: Please provide Loan Agreements for Series 2010C and 2015B agreements.
Answer: See Attached
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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