2025 LINE OF CREDIT REQUEST FOR PROPOSALS

Agency: City of South Miami
State: Florida
Type of Government: State & Local
NAICS Category:
  • 541990 - All Other Professional, Scientific, and Technical Services
Posted Date: Oct 22, 2025
Due Date: Nov 4, 2025
Solicitation No: Line of Credit (the “LOC”)
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Description

Bid Number: Line of Credit (the “LOC”)
Bid Title: 2025 LINE OF CREDIT REQUEST FOR PROPOSALS
Category: Bids & RFP's
Status: Open
Description:
PFM Financial Advisors LLC (“PFM”) is distributing this request for proposals (the “RFP”) on behalf of the City of South Miami, Florida (the “City”) to identify the institution that can provide the City with a Line of Credit (the “LOC”) at the lowest overall borrowing cost and terms most favorable to the City, pursuant to certain conditions as determined by the City, in an aggregate principal amount of not to exceed $6,700,000. The City will not provide a debt service reserve fund for the LOC. The LOC will be a directly-placed loan to be held by the selected provider, and the City will not prepare any offering documents or commit to provide any continuing disclosure information specific to the LOC.

Publication Date/Time:
10/14/2025 2:00 PM
Closing Date/Time:
11/4/2025 2:00 PM
Contact Person:
Pete Varona (varonap@pfm.com) and Sergio Masvidal (masvidals@pfm.com)
Qualifications:
The City may, at its sole discretion, determine that none of the responses meet its goals and objectives and may elect to terminate or extend the evaluation process.
Special Requirements:
SUBMISSION REQUIREMENTS
An electronic copy of your response should be emailed to Alfredo Riverol, Chief Financial Officer (ARiverol@southmiamifl.gov) no later than 2:00 p.m. eastern time on November 4, 2025. Please also send a copy of your response (via email) to the City’s Financial Advisor, PFM, addressed to Pete Varona (varonap@pfm.com) and Sergio Masvidal (masvidals@pfm.com) by the submission deadline.
Any questions relating to the RFP must be submitted to PFM, addressed to Pete Varona (varonap@pfm.com) and Sergio Masvidal (masvidals@pfm.com) in writing no later than October 21, 2025
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