SVC-BANK LOAN PROPOSALS/2526 Loan Proposals Requested

The City of Punta Gorda is seeking bank loan proposals for a non-revolving line of credit in an amount up to $21,000,000. The proposed term is approximately 3 years, with an estimated maturity date of April 1, 2030. However, it has been clarified that the city is looking for a three-year maturity, which would result in a 2029 maturity. • The loan amount is up to $21,000,000. • The proposed term is approximately 3 years. • The estimated maturity date is April 1, 2030, but the city is looking for a 2029 maturity. • The city is seeking a non-revolving line of credit.