Estimated Not-to-Exceed $2.5 Million Non-Ad Valorem Revenue Bond, Series 2026 OR Lease-Purchase Agreement

The City of Lauderhill, FL, is seeking one or more qualified financial institutions to provide a fixed‑rate, tax‑exempt direct bank loan or lease‑purchase agreement of up to $2.5 million to finance the purchase of police vehicles and related equipment. The loan will have a 7‑year term with semi‑annual interest payments, and the City will evaluate proposals on total borrowing cost, pre‑payment flexibility, fees, covenants, and relevant experience. Proposers must submit interest rates for both bank‑qualified and non‑bank‑qualified status, disclose all fees, and comply with extensive certification and indemnification requirements. The award will be made to the lender offering the lowest overall cost while meeting the City’s financing objectives. • Loan amount: ≤ $2.5 M • Term: 7 years, principal payments beginning 10/1/2027 • Interest: Fixed, tax‑exempt, payable semi‑annually • Security: Covenant to budget Non‑Ad Valorem revenues • Submission deadline: 1:45 PM ET, 2 Nov 2026 (electronic or hard copy) • Questions due: 23 Oct 2026 • Evaluation criteria: total borrowing cost (primary), pre‑payment flexibility, fees, covenants, experience • Required forms: sworn statement, non‑collusion affidavit, lender qualifications