Specifications include, but are not limited to: The City of Ocoee, Florida (“City”) is requesting proposals from various financial institutions (Respondent, Proposer) for an estimated $10,000,000 fixed-rate tax-exempt bank loan (the “Loan” or the “Note”), at the lowest overall borrowing cost and most favorable financial and legal terms, pursuant to certain conditions. The proceeds of the Loan will be used, along with other City funds, for the construction and equipping of a new Regional Police/Public Safety Training Facility, which will include an indoor weapons range of various types and lengths, classrooms for instruction, training for law enforcement professionals and a community room for other public safety classes.
