Government Contract | New York
Short Term Borrowing - Line of Credit

Bid Information


Bid Alert No: 0000232508

Bid Title: Short Term Borrowing - Line of Credit

Agency Bid No. Title: RFP-WAT-2020-04

Received Date: 02/19/2020

Close Date: 03/02/2020

Purchase Type: Term Contract: 2 years

Estimated Amount: 100000

Delivery Point: 10 N. Enterprise Drive

Delivery Date: Not Stated

Special Notices: Questions due date: 02/24/2020 - All or None Award

Specifications

The Albany Municipal Water Finance Authority is issuing a Request for Proposals (the "RFP") to identify a financial institution that can best provide the Albany Municipal Water Finance Authority (the "AUTHORITY") with a line of credit (the "LOC") at the lowest overall borrowing cost, pursuant to certain conditions. This LOC will be used to provide liquidity to the AUTHORITY to make timely payments to vendors performing work related to our capital project needs, while awaiting reimbursement from the Environmental Facilities Corporation (the "EFC"). The AUTHORITY is seeking $9,000,000.00 with a minimum twoyear term.

Amendments

Download Amendment

Product Codes: 946, 94660, 94625

Agency Information


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Issuing Agency: City of Albany

State: New York

Agency Type: State and Local

Contact: Tom Dufresne - CHEIF FISCAL OFFICER - 10 NORTH ENTERPRISE DRIVE, ALBANY, New York, 12204

Phone: 5184345321

Email: tdufresne@albanyny.gov

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