RFP-WAT-2020-04 - Short Term Borrowing - Line of Credit

The Albany Municipal Water Finance Authority is issuing a Request for Proposals (the “RFP”) to identify a financial institution that can best provide the Albany Municipal Water Finance Authority (the “AUTHORITY”) with a line of credit (the “LOC”) at the lowest overall borrowing cost, pursuant to certain conditions. This LOC will be used to provide liquidity to the AUTHORITY to make timely payments to vendors performing work related to our capital project needs, while awaiting reimbursement from the Environmental Facilities Corporation (the “EFC”). The AUTHORITY is seeking $9,000,000.00 with a minimum two‐year term.