The City of Orange City, Florida (the “City”) is requesting proposals from qualified financial institutions (QFI) in an estimated principal amount of $650,000 for a Bank Qualified, tax-exempt financing. The funds will be used to finance (i) fire equipment (pierce custom pumper) expected to cost $547,779, and (ii) costs associated with the issuance of the financing. The City is seeking a 7-year financing, with semi-annual principal payments. The financing will be secured by non-ad valorem revenues of the City sufficient to pay the principal and interest on the loan. The City shall accept and review proposals from qualified financing institutions based upon the proposed financing structure below. The City will select the financing that provides the lowest overall borrowing cost to the City and meets the financing requirements of the City. Hilltop Securities Inc. (“Hilltop Securities”), Orlando, Florida, is serving as the City’s Financial Advisor.