Virginia's eProcurement Marketplace #RFP 123933

Town of Vinton Seeks Direct Bank Loan for War Memorial Capital Improvements

This opportunity involves the Town of Vinton, Virginia seeking financial services for capital improvements: - Government Buyer: - Town of Vinton, Virginia (local government) - Products/Services Requested: - Direct bank loan, evidenced by a General Obligation Bond, Series 2026 - Principal amount up to $2,500,000 - Loan proceeds to fund capital improvements to the War Memorial building and grounds, plus issuance costs - Vendors: - Open to banks and financial institutions (no specific OEMs or vendors named) - Unique/Notable Requirements: - Option for either tax-exempt or taxable bond structures - Funds must be expended within twelve months of closing - Project categorized as non-professional, non-technology services - Completion of capital improvements required within the specified timeframe

Description

The Town of Vinton, Virginia is issuing a Request for Proposals to solicit proposals for a direct bank loan evidenced by a Tax-Exempt or Taxable General Obligation Bond, Series 2026, in a principal amount of up to $2,500,000. The proceeds will fund capital improvements to a Town-owned and maintained War Memorial building and grounds, as well as pay issuance costs. The project is expected to be completed and the funds expended within twelve months of closing. The opportunity is categorized under Non-professional Services - Non-Technology and is located in Town of Vinton, Virginia.

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