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  5. ›REQUEST FOR QUALIFICATIONS AND FINANCING PROPOSALS Debt…

City of Archer·Florida

REQUEST FOR QUALIFICATIONS AND FINANCING PROPOSALS Debt Reduction and Consolidation Loan / Financing

Closes 6/15/2026$30k – $200kRequest for QualificationLogin required
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Description

The City of Archer, Florida is seeking qualified financial institutions to provide a municipal debt‑reduction and consolidation financing of approximately $1.5 million. Respondents must submit a sealed RFQ that includes qualification documentation, financing terms (fixed‑rate options for 25‑, 30‑ and 40‑year amortizations), fee disclosures, legal compliance statements, and all required certifications. The solicitation emphasizes a low‑interest, fixed‑rate structure, pre‑payment flexibility, and avoidance of any ad‑valorem collateral unless voter approval is obtained. The contract will be awarded after a public opening and City Commission approval. • Approx. $1.5 M financing amount with term options (25‑, 30‑, 40‑year) • Fixed‑rate, low‑interest proposals required; pre‑payment without penalty preferred • Detailed qualification, fee, legal compliance, and amortization schedule documentation required • Submission deadline 15 Jun 2026 2:00 PM EDT; sealed packages to City Manager, Archer, FL

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

(352) 495-2880

Key dates

Opened
5/14/2026
Closes
6/15/2026

Last updated

Details

Type
Request for Qualification
Industry
Financial Services
NAICS
522310
Solicitation №
RFQ No.: 36466805

Budget estimate

$30,000 – $200,000

The City is requesting a financing package; the primary revenue for the winning lender will be interest income, loan origination fees, and ancillary fees (legal, underwriting, servicing). Assuming a modest interest spread of 1‑2 % over a $1.5 M loan and typical origination fees of 0.5‑1 % of principal, the total earnings could range from roughly $30,000 (minimum fee‑only scenario) up to $200,000 (higher interest spread and fee structure). Factors influencing the budget include the final interest rate, loan term selected, fee negotiations, and any additional advisory services the lender provides.

AI estimate from the solicitation

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