Water Cooperative of Central Florida-2026 Revolving Lines of Credit
Closed State & local contract opportunity Posted
- Solicitation number
- ITN-26-001
- State
- Florida
- Responses due
Opportunity facts
- Jurisdiction
Opportunity details come from tohowater.bonfirehub.com. Updated .
About this opportunity
Tohopekaliga Water Authority, as Project Administrator for the Water Cooperative of Central Florida, is issuing an Invitation to Negotiate for two revolving lines of credit with aggregate principal up to $70 million, with proposals due October 22, 2026.
The Water Cooperative of Central Florida is an interlocal entity comprising Tohopekaliga Water Authority, City of St. Cloud, Orange County, and Polk County, Florida. The Cooperative seeks to finance alternative water supply capital improvements in an aggregate principal amount up to $60 million. Two separate credit facilities are required: a tax-exempt revolving line of credit and a taxable revolving line of credit. The ITN seeks to identify and select the institution or institutions capable of providing both lines. Respondents may propose to provide one or both facilities.
Opportunity text
The Water Cooperative of Central Florida (the "WCCF", "Cooperative" or "Borrower") an entity created through an interlocal agreement (the "Interlocal") among Tohopekaliga Water Authority ("Toho"), City of St. Cloud, Florida ("St. Cloud"), Orange County, Florida ("Orange County") and Polk County, Florida ("Polk County"). Toho, in its role as Project Administrator for the WCCF and through the Procurement Department of Toho, is issuing this Invitation to Negotiate (the "ITN") on behalf of the Cooperative, to identify, evaluate and select the institution, or institutions, which can offer WCCF two revolving lines of credit in an aggregate principal amount of up to $70 million: (i) a tax-exempt revolving line of credit (the "Tax-Exempt Line"), and (ii) a taxable revolving line of credit (the "Taxable Line" and, together with the Tax-Exempt Line, each a "Line" and collectively, the "Lines"). The total aggregate principal amount of the Lines may be outstanding at any time to finance alternative water supply capital improvements in an aggregate principal amount of up to $60 million.
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