The City of South Miami, Florida, is seeking proposals for a line of credit. Responses are due by November 4, 2025, at 2:00 PM ET. Questions must be submitted by October 21, 2025. The city requires an electronic copy of the response to be emailed to Alfredo Riverol and a copy to PFM by the submission deadline. The closing is anticipated on or before January 13, 2026. The city reserves the right to reject any and all proposals.
The response deadline is strictly observed, and proposals delivered after the specified time will not be considered. The response deadline shall be strictly observed.
During the draw period, the city expects to pay interest only on a monthly basis. During the draw period, the city expects to pay interest only on a monthly basis.
The proposer warrants to the city that it will comply with all applicable laws. The proposer, in submission of its proposal, warrants to the city that it will comply with all applicable federal, state and local laws, regulations and orders in providing the services under the proposed documents.
The basis for acceptance of any proposal shall be that which is in the best interest of the city. The basis for acceptance of any proposal shall be that which is in the best interest of the city as determined solely by the city.
The city may determine that none of the responses meet its goals and objectives. 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.
Questions relating to the RFP must be submitted in writing no later than October 21, 2025. Any questions relating to the rfp must be submitted to pfm, addressed to pete ***@***. *. * and sergio masvidal ***@***. *. * in writing no later than october21, 2025.
The city is requesting a line of credit for an amount up to 6. 7 million. he city is requesting a loc for an amount up to 6. 7 million.