Government Contract | Florida
BANK LOAN $2,900,000* GENERAL OBLIGATION REFUNDING NOTE, SERIES 2016 (2010) BANK QUALIFIED TAX-EXEMPT

Bid Information


Bid Alert No: 00000481995

Bid Title: BANK LOAN $2,900,000* GENERAL OBLIGATION REFUNDING NOTE, SERIES 2016 (2010) BANK QUALIFIED TAX-EXEMPT

Agency Bid No. Title: 16-003

Received Date: 02/10/2016

Close Date: 02/23/2016

Purchase Type: Not Stated

Delivery Point: Dania Beach, Florida

Delivery Date: Not Stated

Specifications

Specifications include, but are not limited to: 2,900,000 (Not-to-Exceed) GENERAL OBLIGATION REFUNDING NOTE, SERIES2016 (2010) BANK QUALIFIED1.Amount: Not-to-Exceed $2,900,0002.Average life of the loan: 6.9 years3.Borrower : The City of Dania Beach is seeking a bank qualified tax-exempt bank loan to be used to provide sufficient funds to: 1) currently refund the Citys General Obligation Bonds, Series 2010 (maturities 2016 to 2025) for level savings, and 2) pay the allocable costs of issuance.4.Security : The Series 201 6 Note will be secured by the general obligation of the City, for which the full faith, credit and taxing power is pledged.5.Principal and Interest : Interest will be paid se mi-annually beginning on April 1 5 , 201 6 through October 1 5, 202 5. Principal will be paid annually beg inning October 1 5 , 2016 through October 15, 2025. The loan will be structured to provide level annual savings.

Bid Related Documents

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Bid Related Attachments

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Product Code: 94660

Agency Information


Issuing Agency: City of Dania Beach

State: Florida

Agency Type: State and Local

Contact: Nicki Satterfield City Hall, 100 West Dania Beach Boulevard, Dania Beach, Florida, 33004

Email: nsatterfield@ci.dania-beach.fl.us

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