Broker Services for Florida Voluntary Cleanup Tax Credits

The City of St. Petersburg is seeking a qualified firm to provide broker services for the marketing and facilitation of the transfer of Voluntary Cleanup Tax Credits (VCTCs) received under the Florida Department of Environmental Protection (FDEP) Voluntary Cleanup Tax Credit Program. The selected firm will be responsible for identifying and coordinating with qualified purchasers, facilitating the transfer and/or sale of tax credits, preparing and/or coordinating required transaction documentation, submitting required transfer filings to the State of Florida, and coordinating the receipt and transfer of funds to the City. The firm will also be required to provide an initial strategy for the sale of the City’s tax credit(s), manage purchaser communications and questions, and maintain documentation of the outreach list and results. • The City holds VCTCs with an aggregate face value of $206,104.59. • The selected firm will be responsible for providing broker services as a one-time service. • The firm will be required to have a minimum of three (3) years experience in providing broker services. • The firm will be required to have experience providing broker services within the state of Florida. • The firm will be required to have the ability to obtain the minimum insurance requirements set forth in the agreement. • The firm will be required to be free from legal and regulatory matters that might prevent the Vendor from fulfilling the obligations of the agreement.