REQUEST FOR BANK LOAN PROPOSALS: IN AN AMOUNT NOT TO EXCEED $12,000,000 TAX-EXEMPT BANK LOAN

The City of Dunedin is seeking proposals from qualified financial institutions to provide a tax-exempt variable rate line of credit, with a maximum amount of $12,000,000. The loan will be used to finance the cost of repairing damage to various capital facilities and debris removal within the City, as well as to fund the cost of issuance associated with the loan. The loan will be payable from a covenant to budget and appropriate legally available non-ad valorem revenues of the City. Key aspects of the proposal include: • The loan amount and interest rate • The repayment terms and schedule • The fees and charges associated with the loan • The collateral and security requirements • The financial and legal terms of the loan The City is looking for proposals that offer the lowest overall borrowing cost and most favorable financial and legal terms.