NOT TO EXCEED $5,000,000 STORMWATER UTILITY REVENUE BOND, SERIES 2026

The City of Lauderhill, Florida is seeking proposals from qualified financial institutions to provide financing for a not-to-exceed $5,000,000 Stormwater Utility Revenue Bond, Series 2026. The bond will be used to fund capital improvements to the City's Stormwater Utility System and pay associated costs of issuance. The selected financial institution will provide a 20-year term loan with a fixed interest rate, and the loan will be secured by a pledge of Net Revenues of the City's Stormwater Utility System. • The City is looking for a financial institution to provide a tax-exempt, direct bank loan with a 20-year repayment schedule and interest-only payments for the first four years. • The loan will be used to finance capital improvements to the City's Stormwater Utility System, including projects such as stormwater drainage improvements and flood control measures. • The City is seeking a fixed interest rate for the loan, and the selected financial institution will be required to provide interest rates for both Bank Qualified and Non-Bank Qualified status. • The City reserves the right to accept or reject any or all proposals and to waive informalities, irregularities, and technicalities.