Broker Services for Florida Voluntary Cleanup Tax Credits

The City of St. Petersburg, Florida, located in Pinellas County, is issuing a Request for Proposals to procure brokerage and advisory services to market, structure, and facilitate the transfer or sale of Florida Voluntary Cleanup Tax Credits (VCTCs) valued at $206,104.59 that the City received through the Florida Department of Environmental Protection's Voluntary Cleanup Tax Credit Program. The services required include locating qualified buyers, drafting and negotiating purchase and sale agreements, preparing transfer documentation for submission to the FDEP, managing fund transfers, and conducting market analysis to maximize the City's net proceeds from the sale. Qualified proposers must demonstrate a minimum of three years of experience successfully brokering Florida VCTC sales or similar transferable tax credits, with comprehensive documentation of transaction types, jurisdictions, credit values, and the proposer's specific role in completed transactions. The evaluation committee will assess proposals based on four criteria with weighted scoring: qualifications and experience of the firm and staff (30 points), project approach and proposed methodology (25 points), cost analysis and competitiveness of fees (35 points), and business enterprise program outreach and utilization (10 points). Proposers must submit comprehensive proposals including a signed transmittal letter, detailed experience documentation, a project approach with an indicative timetable identifying key milestones with a City preference for completion within approximately ninety calendar days, a cost analysis showing net proceeds after all fees and commissions, audited or reviewed financial statements for the last two fiscal years, and a completed Subcontractor Utilization Form. The RFP was released on March 26, 2026, with a deadline for questions on April 9, 2026, and responses must be submitted electronically through the OpenGov Procurement portal by May 12, 2026, at 3:00 p.m.

There are no mandatory set-aside designations or restrictions on the types of organizations that can respond; however, the City encourages voluntary participation by Small Business Enterprises (SBEs), Women Business Enterprises (WBEs), Minority Business Enterprises (MBEs), and Veteran-Owned Business Enterprises, with proposers expected to demonstrate detailed efforts to identify and engage City of St. Petersburg certified small businesses as subcontractors. Proposers will not be deemed non-responsive for submitting a Subcontractor Utilization Plan with zero participation in these business categories, and the City does not impose mandatory set-asides or establish baseline thresholds for diverse business participation as a condition for contract award eligibility. The contract will be awarded to a single vendor, with the initial contract term commencing upon execution and continuing until services are fully completed and accepted by the City, including the closing of the tax credit sale and delivery of all required documentation, with no specified renewal options. Proposers must be registered with the Florida Division of Corporations and provide proof of current insurance coverage, and the City has identified specific terms including indemnification, insurance coverage, governing law and venue, dispute resolution processes, and liability caps as non-negotiable. No incumbent vendors are identified in the solicitation, and no specific budget range is disclosed; instead, proposers must submit detailed cost analysis and pricing information clearly showing proposed fees, commissions, transaction costs, and the net proceeds the City will receive after all deductions. The award value will ultimately depend on the negotiated purchase price of the tax credits and the selected broker's fee structure.