Investment Banking Services to fund improvements to the FBC Mortgage Stadium
Closed State & local contract opportunity Posted
- Solicitation number
- ITN-09625
- State
- Florida
- Responses due
Opportunity facts
- Jurisdictions
- NIGP codes
Opportunity details come from vendor.myfloridamarketplace.com. Updated .
About this opportunity
This is a procurement opportunity issued by the University of Central Florida (UCF) on behalf of the UCF Stadium Corporation, a direct support organization and component unit of UCF's Board of Trustees. The Corporation is seeking proposals from qualified investment banking firms to issue up to $30,000,000 in Stadium Revenue Bonds, Series 2024, to fund a portion of the improvements to the FBC Mortgage Stadium on UCF's campus. The selected firms must demonstrate extensive access to both tax-exempt and taxable markets and possess a thorough understanding of Florida Statutes 1010.62. Concurrently, the Corporation is also requesting proposals for a taxable, fixed rate direct loan under a separate ITN. Key dates include a pre-proposal meeting on July 19, 2024, questions due by July 22, 2024, and submittals due by August 1, 2024.
The contract opportunity is open to all qualified investment banking firms, with no set-aside designations or restrictions mentioned. The University is seeking to select a senior manager and may select one or two co-managers for this financing. No information is provided about incumbent vendors or current contractors, or any existing infrastructure or technology that requires integration. The total budget for this procurement is up to $30,000,000.
Opportunity text
Pre-Proposal Meeting: Friday, July 19, 2024 @ 1:00 PM
UCF Research Pavilion
12424 Research Parkway, Suite 300
Orlando, FL 32826
Questions Due: July 22, 2024 @ 1:00 PM
Submittals Due: August 1, 2024 @ 2:00 PM
The UCF Stadium Corporation (the "Corporation") a direct support organization and component unit of The University of Central Florida Board of Trustees (the "University or UCF"), invites proposals from qualified investment banking firms for the issuance of up to $30,000,000 in Stadium Revenue Bonds, Series 2024 (the "Series 2024 Bonds"). These bonds are intended to fund a portion of the improvements to the FBC Mortgage Stadium (the "Stadium") project on the campus of the University of Central Florida.
The University seeks to select a senior manager and may select one or two co-managers for this financing. The selected firms must demonstrate extensive access to both tax-exempt and taxable markets and possess a thorough understanding of Florida Statutes 1010.62.
Concurrently with this ITN, the Corporation is also requesting proposals from for a taxable, fixed rate direct loan under a separate ITN. The Corporation expects to borrow through the requested fixed rate loan in addition to issuing the Series 2024 Bonds as part of the overall financing plan.
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