Proposals are solicited for a revolving line of credit up to $20 million to provide interim financing for capital projects at the Wayne County Airport Authority. Proposals are due July 27, 2026. Key evaluation criteria include proposed fees, terms, and credit ratings. Electronic submission is required via bidnetdirect. com. The contract term is one year with three one-year renewal options. All proposals must be submitted electronically by the deadline.
The proposal deadline is July 27, 2026, at 2:00 PM.
The line of credit will be payable from and secured by a pledge of the revenues of the Authority. The Authority will not agree to reserve requirements or minimum balances.
Proposals will be evaluated on proposed fees, proposed terms and covenants, and credit ratings of the respondent.
Proposers must meet minimum qualifications and be responsible. Financial statements are required, or a waiver request if internally generated.
The airport authority has the right to request samples from responsive and responsible proposers, which must be provided within two business days.
Protests must be filed in writing within the timeframes outlined in section 9 of the airport authority procurement and contracting ordinance.
Proposals may be rejected for failure to submit all required information, failure to meet minimum qualifications, being in arrears, debarment, or violation of ethics ordinances.
The revolving line of credit is for up to $20 million.