Bids and Proposals

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CITY OF PALMETTO
INVITATION TO NEGOTIATE
FIXED RATE BANK LOAN

 

The City of Palmetto, Florida  is seeking proposals from banks to make a fixed rate loan of not to exceed $6,000,000. 

The City will use the loan proceeds to finance the construction and equipping of its new police department building and to pay costs of issuance of the Loan. The Loan will be tax exempt.  The Loan will be eligible to be issued as bank qualified or non-bank qualified.  

The City will select the financing proposal that provides the lowest overall borrowing cost and meets the City’s financing requirements.  Please refer to the document link at the right for the scope of the loan and contact information.











Fixed Rate Bank Loan ITN

Submittal Log

Recommendation of Award for September 13, 2021