The City seeks proposals from various financial institutions to provide comprehensive Debt Financing for a principal amount to not to exceed $3,200,000 for bank-qualified, fixed-rate, taxexempt funding. The proceeds will be used to refinance the Capital Improvement & Refunding Revenue Bond, Series 2015 B. The City is seeking eight-year financing. The financing will be secured by non-ad valorem revenues of the City sufficient to pay the principal and interest on the Debt. The City shall accept and review proposals from qualified financial institutions based upon the proposed financing structure below. The City shall have the right, but not the obligation, to select the financing that provides the lowest overall borrowing cost to the City and meets the financing requirements of the City, as determined by the City in its sole discretion.
