Estimated Not-to-Exceed $2.7 Million Non-Ad Valorem Revenue Bond, Series 2026 OR Lease-Purchase Agreement

The City of Lauderhill, Florida is seeking a qualified financial institution to provide a fixed‑rate, tax‑exempt direct bank loan or lease‑purchase agreement of up to $2.7 million to finance the acquisition of police vehicles and related equipment. The loan will have a 7‑year term with semi‑annual interest payments and will be secured by a covenant to appropriate non‑ad valorem revenues. Proposals must include both bank‑qualified and non‑bank‑qualified interest rates, pre‑payment terms, fee structures, and certifications. The award will be based primarily on total borrowing cost, with additional scoring for pre‑payment flexibility, fees, covenants, and relevant experience. The solicitation closes on 2 Nov 2026, with award expected late November and closing by 16 Dec 2026. • Loan amount: ≤ $2.7 M, 7‑year term, level debt service. • Interest payable semi‑annually; rates required for bank‑qualified and non‑bank‑qualified status. • Secured by city’s non‑ad valorem revenue covenant; no acceleration or MFN clauses allowed. • Evaluation criteria: total borrowing cost (65 pts), pre‑payment flexibility (10 pts), fees (10 pts), covenants (10 pts), experience (5 pts). • Required forms: sworn statement, non‑collusion affidavit, lender qualifications, etc. • Submission via IonWave or hard copy to City Clerk’s office by 1:45 PM ET, 2 Nov 2026.