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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.