RFP_25-32_Proposal_Opening_Minutes.pdf
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- Attached to
- Request for Bank Loan Proposals
- Solicitation number
- 25-32
- Issued by
- Seminole County, Florida
About this file
The document is a Request for Proposals (RFP) #25-33 issued by the City of Oviedo for a Tax-Exempt, Non-Bank Qualified Bank Loan. The RFP was broadcast on VendorLink on April 1, 2025, with proposals accepted until 12:00 p.m. on April 22, 2025. Five financial institutions submitted proposals: Bank of America, N.A.; Regions Capital Advantage, Inc.; TD Public Finance LLC; Truist Commercial Equity, Inc.; and Webster Bank, N.A.
The City of Oviedo reserves the right to accept or reject any and all proposals, with all submissions currently under evaluation to determine responsiveness and responsibility. The proposals are being assessed to select a financial institution for a bank loan intended to fund stormwater utility system improvements, with two potential loan options: a variable rate line of credit up to $10,000,000 and a fixed-rate term loan up to $17,700,000. The loan is specifically related to stormwater projects addressing damages from Hurricane Ian and Hurricane Milton, with an estimated reimbursable cost of approximately $5,143,565.
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Text version
Request for Proposals (RFP) #25-33: Request For Bank Loan Proposals (RFBLP):
Tax-Exempt, Non-Bank Qualified Bank Loan
April 22, 2025
The above-mentioned RFP was broadcast on VendorLink, on April 1, 2025. Proposals were accepted until 12:00 p.m. on April 22, 2025.
The names of the firms who submitted proposals are listed below.
Company Name
Bank of America, N.A.
Regions Capital Advantage, Inc.
TD Public Finance LLC
Truist Commercial Equity, Inc.
Webster Bank, N.A.
The City of Oviedo reserves the right to accept or reject any and all proposals. All proposals are under evaluation to determine responsiveness and responsibility.
File details come from the government source that posted it. Updated .