Project Information

Bid Title

Tax-Exempt Capital Improvement Refunding Revenue Note

Issuing Agency

City of New Smyrna Beach

Location

Florida

Published Date

Sep 2, 2026

Closing Date

Sep 21, 2026

Government Level

State & Local

Status

Closed

Ref. #

24-26-FIN

Original Source

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Bid Documents

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Project Description

Project ID: 24-26-FIN

Title: Tax-Exempt Capital Improvement Refunding Revenue Note

Addenda: 0

Release Date: 9/2/2026

Due Date: 9/21/2026

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Tax-Exempt Capital Improvement Refunding Revenue Note

RFP

Purchasing

94625 , 94660 , 94664 , 94926 , 94932 ... show all

Project ID: 24-26-FIN

Release Date: Wednesday, September 2, 2026

· Due Date: Monday, September 21, 2026 2:00pm

Posted Wednesday, September 2, 2026 8:00am

All dates & times in Eastern Time - New York

Draft Response Events RSVP No Bid18 days, 16 hours, 38 minutes

Post Information

Posted At:Wed, Sep 2, 2026 8:00 AM
Sealed Bid Process:Yes (Bids Sealed / Pricing Sealed)
Private Bid:No

Overview

Summary

The City of New Smyrna Beach, Florida (the “City”) is requesting proposals from qualified financial institutions for a tax-exempt, fixed rate loan (the “Loan”) to a) refund the City’s outstanding Capital Improvement Revenue Note, Series 2024 and b) to fund the issuance costs associated with the Loan. The Series 2024 Note was originally issued as an interim draw down note, and the proposed Loan will provide a long-term fix-out of this interim financing.

Hilltop Securities Inc., Orlando, Florida, as Financial Advisor to the City in connection with the Loan, will be assisting the City with respect to the Loan. The City’s Purchasing Agent will oversee the solicitation process and work closely with the Financial Advisor.

Background

The City serves an area of 41.6 square miles in size and serves a population of approximately 33,402. It is located off of Florida’s East Coast, in the County of Volusia, just north of Cape Canaveral with easy access to both Interstate 95 and Interstate 4. The City’s fiscal year begins on October 1st and ends on September 30th.

Information on the City’s government and financial information can be found in City of New Smyrna’s Annual Comprehensive Financial Reports (ACFR) and the annual adopted budget. These reports may be viewed from the following links:

FY 2025 ACFR: https://www.cityofnsb.com/DocumentCenter/View/22699/14295ACFR25-Final-City-of-New-Smyrna-Beach---Final

FY 2024 ACFR: https://www.cityofnsb.com/DocumentCenter/View/21930/14295ACFR24-Final-City-of-New-Smyrna-Beach

FY 2023 ACFR: https://www.cityofnsb.com/ArchiveCenter/ViewFile/Item/2095

FY 2026 Budget Book: https://www.cityofnsb.com/DocumentCenter/View/22230/City-of-New-Smyrna-Beach-2026-Budget-Book

Timeline

Issue RFP Notice:

September 2, 2026

Deadline for Written Questions:

September 14, 2026, 5:00pm

Proposal Submission Deadline:

September 21, 2026, 2:00pm

Opening of Submittals (Non-Mandatory):

September 21, 2026, 2:30pm

Microsoft Teams Meeting, click link to join meeting:
https://teams.microsoft.com/meet/256578801954345?p=XhVOGsZh179sh3KOac

Meeting ID: 256 578 801 954 345
Passcode: 83wJ6ni9

Or call in (audio only): 786-636-1338 Phone Conference ID: 231 476 387#

Evaluation Meeting (Non-Mandatory):

September 23, 2026, 9:00am

Microsoft Teams Meeting, click link to join meeting:
https://teams.microsoft.com/meet/212363220355315?p=k0bXPBzJxIkW9C4UAl

Meeting ID: 212 363 220 355 315
Passcode: R9FR7oE7

Or call in (audio only): 786-636-1338 Phone Conference ID: 175 152 958#

Recommendation of award to City Commission:

October 13, 2026

Closing of the Loan:

October 16, 2026

Commodity Codes

• NAICS 541611Administrative Management and General Management Consulting Services

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