Punta Gorda Ionwave #R2025111 Addendum 2

Award for Non-Revolving Line of Credit up to $21 Million for City of Punta Gorda, FL

This opportunity involves the City of Punta Gorda, Florida seeking financial services for a non-revolving line of credit: - Government Buyer: - City of Punta Gorda, FL (Procurement Office) - OEMs and Vendors: - Regions Government Banking (awardee) - Bank of America Public Sector Banking (bidder) - United Community Bank (bidder) - Products/Services Requested: - Non-revolving line of credit (bank loan proposal) - Amount: Up to $21,000,000 - Term: Approximately three years - No part numbers or physical product quantities (financial service) - Unique or Notable Requirements: - Line of credit is non-revolving (cannot be re-borrowed once repaid) - Extensive communication and clarification with bidders through addenda - Awarded amount listed as zero, indicating possible further negotiation or contract finalization - No specific OEMs beyond named financial institutions - Place of Performance: - City of Punta Gorda, FL (local government office)

Description

The City of Punta Gorda, FL issued a Request for Proposal (RFP) for bank loan proposals to establish a non-revolving line of credit up to $21 million. The solicitation involves financial services related to this credit line, with a response deadline of March 20, 2026. Multiple banks, including Bank of America, Regions Bank, and United Community Bank, submitted proposals. The awarded supplier is Regions Government Banking, although the award amount is listed as zero, indicating possible further negotiation or contract finalization.

View original listing