Brokerage Services - Sale of Voluntary Cleanup Tax Credits (VCTC)

Pinellas County is seeking brokerage services for the sale of eleven (11) Voluntary Cleanup Tax Credit (VCTC) Certificates based on the total amount of the certificates' face value. The County is seeking a "Net Price" bid based on the face value of the certificates. The awarded contractor will be required to execute the Agency Agreement and provide brokerage services to market County tax credit certificates from tax credits received under the VCTC Program, or a direct sale is possible, to maximize the County's optimum return on investment. The work includes drafting all legal documents, preparing the Purchase Agreement, and managing the transfer of funds from the Purchaser to the County. • The tax credit certificates are used to offset Florida corporate income tax. • Local governments can transfer their tax credit certificates to an entity that has a Florida corporate income tax liability. • The application for the Brownfield VCTC incentive resulting from completion of environmental responsibilities performed at the Zero Corp, Dansville Central, Baypointe, and 126th Ave Landfill sites were approved by the County Administrator. • The certificates included are #1195 issued 7/14/2021; #1565 issued 7/10/2023; #1634 issued 7/11/2023; #1775, #1785, and #1825 issued 8/1/2023; #1982 and #1984 issued 7/24/2024; #2131 issued 6/19/2025; and #2159 and #2160 issued 6/26/2025.